Kona Aerial Gymnastic Team Inc
- Assets
- $43.1k
- Revenue
- $238.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Kealakekua, HI
- Founding
- 12/1998
- Data as of
- 12/2022
- EIN
- 94-3283076
Organization Overview
Kona Aerial Gymnastic Team Inc is located in Kealakekua, HI. The organization was established in 1998. According to its NTEE Classification (N20) the organization is classified as: Camps, 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. Kona Aerial Gymnastic Team Inc 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, Kona Aerial Gymnastic Team Inc generated $238.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $236.0k during the year ending 12/2022. While expenses have increased by 14.6% per year over the past 6 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
KONA AERIAL GYMNASTICS IS BUILT AROUND THE GOAL OF ENRICHING AND IMPROVING YOUNG LIVES THROUGH THE SPORT OF RECREATIONAL AND COMPETITIVE GYMNASTICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 2022 BRESTYANS LAS VEGAS INVITATIONAL HELD IN NEVADA BY WORLD FAMOUS COACH MIHAI BRESTYAN. THIS MEET HOSTS OVER 900 ATHLETES THAT ATTEND FROM ALL ACROSS THE STATES. THE GIRLS RECEIVED THE EXPERIENCE OF COMPETITION ON A COMPLETELY DIFFERENT LEVEL THAN IN THE ISLANDS. THEY ARE JUDGED BY JUDGES FROM ACROSS THE UNITED STATES AND COMPETE WITH TEAMS FROM EVERY STATE WHICH ALLOWS THEM TO EXPERIENCE THE CAMARADERIE, THE CULTURES AND THE VALUES THAT OTHER CLUBS BRING TO THE MEET AND SPORT. DURING COMPETITION THEY ARE VERY PROUD TO BE REPRESENTING THE BIG ISLAND, THEIR FAMILIES AND KONA AERIALS GYMNASTICS. THROUGH THESE LARGE COMPETITIONS OUR GIRLS LEARN HOW TO HANDLE THEMSELVES WITH POISE AND CONFIDENCE AS WELL AS LEARN TO NAVIGATE TRAVELING AND THE CHALLENGES THAT ARE NOT COMMON PLACE ON OUR SMALL ISLAND COMMUNITY. OUR GIRLS GIRLS FORM RELATIONSHIPS AND FRIENDSHIPS THAT LAST A LIFETIME AND LEARN LESSONS THAT THEY CARRY ON INTO THEIR ADULT LIFE AS THEY BECOME STRONG EMP
EACH YEAR WE PARTICIPATE IN TWO INTERNATIONAL COMPETITIONS. THESE COMPETITIONS ARE HELD ON OAHU ON CONSECUTIVE WEEKENDS. THE FIRST IS GYMNASTICS IN PARADISE. THIS MEET HOSTS APPROXIMATELY 600 ATHLETES FROM AROUND THE WORLD. IT IS VERY COMMON FOR AUSTRALIA, JAPAN, FINLAND, CANADA, ENGLAND AND OTHER INTERNATIONAL TEAMS TO BE REPRESENTED ALONG WITH MANY MAINLAND TEAMS.
THE TEAM COMPETED IN THE ALOHA GYM FEST. THIS COMPETITION HAS BEEN RUNNING FOR APPROXIMATELY 45 YEARS NOW AND THIS YEAR ACCOMMODATED APPROXIMATELY 1000 ATHLETES FROM AROUND THE WORLD. IN ATTENDANCE WERE JAPAN, CANADA, AUSTRALIA, GUAM, NEW MEXICO, CHINA, GREAT BRITAIN AND MANY OTHER TEAMS FROM THE MAINLAND TO NAME A FEW. THE WEALTH OF EXPERIENCE THAT THESE COMPETITIONS BRING OUR GIRLS FROM THIS LITTLE CLUB ON THE BIG ISLAND IS INVALUABLE. BOTH OUTER ISLAND AND MAINLAND MEETS ARE VERY EXPENSIVE WITH AIRFARES, GROUND TRAVEL EXPENSES, MEET FEES AND MEALS FOR NOT JUST THE ATHLETES BUT THEIR FAMILIES AS WELL. PRICES FOR THESE ITEMS HAVE SKYROCKETED OVER THE LAST FEW YEARS AND HAVE BECOME A DIFFICULT NUMBER TO CONTINUE TO DEAL WITH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nanette Guiffrida Vice Presidenttreasurer | 60 | $0 | |
Heather Mettler President | 20 | $0 | |
Joseph Kunkle Director | 20 | $0 | |
Tina Mcclean Secretary | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,260 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $196,351 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $238,611 |
| Total Program Service Revenue | $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 | $238,611 |
| 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. | $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 | $2,116 |
| 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 | $0 |
| Advertising and promotion | $3,564 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $113,089 |
| Travel | $52,650 |
| 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 | $2,236 |
| All other expenses | $22,583 |
| Total functional expenses | $236,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,070 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $43,070 |
| 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 | $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 |
| Retained earnings, endowment, accumulated income, or other funds | $43,070 |
| Total liabilities and net assets/fund balances | $43,070 |