Aerials Booster Club
- Assets
- $233.0k
- Revenue
- $144.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 05/1986
- Data as of
- 06/2022
- EIN
- 84-0957075
Organization Overview
Aerials Booster Club is located in Colorado Springs, CO. The organization was established in 1986. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aerials Booster Club 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 06/2022, Aerials Booster Club generated $144.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $131.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 6 years. 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
FOSTER LOCAL, STATE, NATIONAL AND INTERNATIONAL GYMNASTICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
"PROVIDE AMATUER GYMNASTS WITH THE OPPORTUNITY TO PARTICIPATE IN LOCAL, STATE AND NATIONAL GYMNASTIC EVENTS. EXPENSES INCLUDE COACH EXPENSES, MEET REGISTRATION FEES, TRAVEL AND APPAREL EXPENSES. DURING OUR 2021-2022 SEASON THE AERIALS BOOSTER CLUB SUPPORTED USAG GYMNASTS AT THE OPTIONAL AND COMPULSORY LEVELS. WE HAD 26 COMPULSORY GYMNASTS (LEVEL 4 & 5) AND 22 OPTIONAL GYMNASTS (LEVEL 7-10). BOTH THE LEVEL 4 AND LEVEL 5 TEAMS HAD VERY SUCCESSFUL SEASONS COMPETING THROUGHOUT THE STATE OF COLORADO! OUR TINY BUT MIGHTY LEVEL 4 TEAM OF JUST 6 KIDDOS FINISHED 7TH AT COLORADO'S STATE MEET AND HAD 2 GYMNASTS FINISH IN THE TOP 3 AT THE STATE COMPETITION. THE LEVEL 5 TEAM WAS THE 1ST PLACED TEAM AT COLORADO'S STATE MEET AND HAD A WHOOPING 8 KIDS FINISH IN TOP 3 PLACEMENTS IN THEIR RESPECTIVE AGE CATEGORIES. OUR OPTIONAL TEAMS ATTENDED SEVERAL COMPETITIONS WITHIN COLORADO AND ACROSS THE COUNTRY INCLUDING SAN ANTONIO TEXAS, FLORIDA, AND PHOENIX, ARIZONA. FIVE OUT OF 6 GIRLS FROM OUR LEVEL 7 TEAM, AND 10 GIRLS FROM OUR LEVELS 8-10 TEAMS PLACED IN THE TOP 10 AT COLORADO'S STATE MEET. WE HAD 4 LEVEL 8 GIRLS AND 8 LEVEL 9/10 GIRLS PROCEEDED TO REGIONAL COMPETITION. TWO LEVEL 9 KIDS WENT ON TO WESTERNS (THE PEAK OF COMPETITION FOR THIS LEVEL) AND 2 LEVEL 10 GYMNASTS EVEN MADE IT TO NATIONALS!
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Madrid Director | Trustee | 4 | $0 |
Shina Hall President | OfficerTrustee | 4 | $0 |
Brooke Phillips Director | Trustee | 4 | $0 |
Katie Pauley Director | Trustee | 4 | $0 |
Chantal Bergeron Treasurer | OfficerTrustee | 4 | $0 |
Katie Jefferson Director | Trustee | 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 | $50 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50 |
| Total Program Service Revenue | $0 |
| Investment income | $501 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,976 |
| Net Income from Gaming Activities | $127,762 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $144,289 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,110 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $15,811 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,658 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,146 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $41,757 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,095 |
| All other expenses | $3,594 |
| Total functional expenses | $131,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $232,964 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $232,964 |
| 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 | $232,964 |
| 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 | $232,964 |