Albany Area Gymnastics Association
- Assets
- $542.3k
- Revenue
- $358.0k
- Investments
- $0.0
- Employees
- 26
- Location
- Albany, MN
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 83-1986278
Organization Overview
Albany Area Gymnastics Association is located in Albany, MN. The organization was established in 2019. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Albany Area Gymnastics Association employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albany Area Gymnastics Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Albany Area Gymnastics Association generated $358.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.6% each year . All expenses for the organization totaled $144.1k during the year ending 12/2022. While expenses have increased by 16.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ALBANY AREA GYMNASTICS ASSOCIATION WAS CREATED TO OFFER A SAFE GYMNASTICS TRAINING PROGRAM FOR YOUTH AGES 2-18 AT AN AFFORDABLE TUITION RATE TO ANY YOUTH. IN ADDITION TO LOW TUITION RATES WE OFFER SCHOLARSHIPS FOR THOSE THAT CAN NOT AFFORD TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTED PHYSICAL FITNESS AND MENTAL FITNESS BY TRAINING YOUTH AGES 2-18 IN THE SPORT OF GYMNASTICS AT AN AFFORDABLE TUITION RATE. WE HAD APPROXIMATELY 600 YOUTH IN THE PROGRAM AND HAD TWO COMPETITION TEAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samantha Sell Head Coach | Officer | 28 | $18,195 |
Dana Cartier Vice President | Officer | 5 | $3,913 |
Kayla Marthaler Treasurer | Officer | 0 | $134 |
Shelley Johnson President | Officer | 30 | $0 |
Jennifer Brickweg Secretary | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,625 |
| Total Program Service Revenue | $202,384 |
| Investment income | $191 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,461 |
| Net Income from Gaming Activities | $26,308 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $357,969 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $22,242 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,510 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,697 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,832 |
| Office expenses | $2,379 |
| Information technology | $9,733 |
| Royalties | $0 |
| Occupancy | $10,931 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,659 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,953 |
| All other expenses | $0 |
| Total functional expenses | $144,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,411 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $436,864 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $542,275 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $542,275 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $542,275 |