Washington Mens Gymnastics Foundation
- Assets
- $699.7k
- Revenue
- $275.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Seattle, WA
- Founding
- 10/1995
- Data as of
- 06/2023
- EIN
- 91-1645477
Organization Overview
Washington Mens Gymnastics Foundation is located in Seattle, WA. The organization was established in 1995. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Mens Gymnastics Foundation 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 06/2023, Washington Mens Gymnastics Foundation generated $275.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $212.2k during the year ending 06/2023. While expenses have increased by 3.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PLAN, ORGANIZE, AND EXECUTE FUNDRAISING ACTIVITIES FOR THE WASHINGTON MEN'S GYMNASTICS TEAM, SUCH AS HOSTING COMPETITIONS, SOLICITING DONATIONS, AND PROMOTING MEN'S GYMNASTICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COACHING IS THE LARGEST EXPENSE FOR THE PROGRAM. IN THE PAST YEAR WE HAVE HAD ONE COACH AND ONE COACHING CONSULTANT. THESE SERVICES ARE VITAL TO HAVING A COMPETITIVE TEAM THAT COMPETES AGAINST OTHER NCAA AND GYMACT TEAMS.
TEAM EQUIPMENT (INCLUDES GRIPS, TAPE, WRAP, UNIFORMS, AS WELL AS ANY ADDITIONAL EQUIPMENT THAT MAY NEED TO BE PURCHASED LIKE A POMMEL HORSE OR FLOOR SPRINGS OR PARALLEL BARS), MEET HOSTING (INCLUDES JUDGES FOR HOME MEETS), AND OTHER RELATED EXPENSES TO ENABLE THE ATHLETES TO COMPETE.
SCHOLARSHIPS: WE PROVIDED FINANCIAL ASSISTANCE TO STUDENTS ON THE TEAM TO COVER TUITION EXPENSES FOR CREDITS THEY EARNED IN COLLEGE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Russo Executive Director | Trustee | 4 | $0 |
Paul Roggenkamp President | Officer | 4 | $0 |
Jennifer Umemoto Vice President | Officer | 4 | $0 |
Daniel Luna Treasurer | Officer | 4 | $0 |
Peter Sawyer Secretary | Officer | 4 | $0 |
Graham Smith-Gordon Press Secretary / Historian | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,633 |
| Related organizations | $0 |
| Government grants | $8,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $106,879 |
| Noncash contributions included in lines 1a–1f | $240 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,012 |
| Total Program Service Revenue | $74,511 |
| Investment income | $8,542 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,140 |
| Net Income from Fundraising Events | $77,055 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $274,980 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $34,489 |
| 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 | $54,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,391 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,640 |
| Advertising and promotion | $2,795 |
| Office expenses | $1,369 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,500 |
| Travel | $55,708 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,559 |
| Total functional expenses | $212,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,485 |
| Savings and temporary cash investments | $3,124 |
| 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 | $499,088 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $699,697 |
| 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 | $553,199 |
| Net assets with donor restrictions | $146,498 |
| 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 | $699,697 |