Valley Gymnastics Association
- Assets
- $133.7k
- Revenue
- $167.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Mesa, AZ
- Founding
- 04/1984
- Data as of
- 06/2021
- EIN
- 94-2922694
Organization Overview
Valley Gymnastics Association is located in Mesa, AZ. The organization was established in 1984. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley 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 06/2021, Valley Gymnastics Association generated $167.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $150.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SPONSORSHIP OF AND PARTICIPATION IN LOCAL, STATE, REGIONAL, NATIONAL AND INTERNATIONAL GYMNASTICS COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORSHIP OF AND PARTICIPATION IN LOCAL, STATE, REGIONAL, NATIONAL AND INTERNATIONAL GYMNASTICS COMPETITIONS. HELD PROGRAMS FOR APPROXIMATELY 124 MEMBERS TO PARTICIPATE IN GYMNASTICS ACTIVITIES.
SPONSORSHIP OF AND PARTICIPATION IN LOCAL, STATE, REGIONAL, NATIONAL AND INTERNATIONAL GYMNASTICS COMPETITIONS. HELD PROGRAMS FOR APPROXIMATELY 124 MEMBERS TO PARTICIPATE IN GYMNASTICS ACTIVITIES.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $167,898 |
| Statement of Expenses | |
|---|---|
| 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. | $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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,850 |
| 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 | $2,645 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,066 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $231 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $150,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,117 |
| 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 | $42,592 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $133,709 |
| Accounts payable and accrued expenses | $14,974 |
| 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 | $81,300 |
| Total liabilities | $96,274 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $37,435 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Valley Gymnastics Association has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Arthur J Gallagher Foundation Rolling Meadows, IL PURPOSE: GENERAL EXEMPT PURPOSE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Of America Wrestling Association Colorado Springs, CO | $12,261,611 | $11,087,912 |
U S Speedskating Kearns, UT | $2,498,411 | $5,191,003 |
Southern California Volleyball Association Irvine, CA | $497,915 | $4,872,375 |
Loveland Ski Club Inc Georgetown, CO | $367,022 | $1,348,379 |
Norco Juniors Inc Loveland, CO | $15,170,300 | $4,725,133 |
Sunkist Kids Wrestling Club Inc Phoenix, AZ | $51,140 | $922,214 |
Arizona High School Rodeo Association Inc San Tan Valley, AZ | $222,584 | $884,408 |
National Gymnastics Foundation Inc Los Angeles, CA | $5,763,181 | $1,072,081 |
Pamakid Runners San Francisco, CA | $169,061 | $517,646 |
United States Handball Association Tucson, AZ | $3,996,208 | $1,287,285 |
California-Usa Wrestling Inc Fresno, CA | $227,606 | $368,939 |
Team Evergreen Bicycle Club Inc Evergreen, CO | $0 | $409,404 |