Gymnastics Olympica Usa Inc
- Assets
- $538.4k
- Revenue
- $685.4k
- Investments
- $0.0
- Employees
- 36
- Location
- Santa Clarita, CA
- Founding
- 02/1980
- Data as of
- 06/2021
- EIN
- 95-3309918
Organization Overview
Gymnastics Olympica Usa Inc is located in Santa Clarita, CA. The organization was established in 1980. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Gymnastics Olympica USA Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gymnastics Olympica USA 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 06/2021, Gymnastics Olympica USA Inc generated $685.4k 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 (13.2%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION HERE AT GYMNASTICS OLYMPICA USA IS... ...TO TEACH THE HABITS OF SUCCESS, FOR LIFE, TO THE CHILDREN OF THIS COMMUNITY IN A FUN, YET CHALLENGING ENVIRONMENT. ...TO SERVE THE PARENTS AT GYMNASTICS OLYMPICA IN A PROFESSIONAL AND KIND MANNER. ...TO PROMOTE THE HIGHEST STANDARDS OF GYMNASTICS IN THE SUPPORT OF THE GYMNASTICS OLYMPICA USA TEAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES EDUCATIONAL TRAINING & SPONSORS THE GYMNASTICS OLYMPICA TEAMS; OVER 600 ENROLLMENTS PER YEAR FROM TODDLERS TO ADULTS.
THE ORGANIZATION STRIVES TO HELP INDIVIDUALS IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lara Mccallum Communicatio | Trustee | 40 | $103,568 |
Arthur Minasyan President | OfficerTrustee | 40 | $86,672 |
Pavel Sargsyan Athletic Dir | Trustee | 40 | $79,614 |
Arsen Minasyan Competitive | Trustee | 40 | $59,190 |
Armand Antonyan Vice-Preside | OfficerTrustee | 2 | $0 |
Brad Polak Board Member | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $683,627 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $905 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $685,374 |
| 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. | $329,044 |
| Compensation of current officers, directors, key employees. | $8,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $332,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,082 |
| Payroll taxes | $50,269 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,022 |
| Advertising and promotion | $1,430 |
| Office expenses | $7,975 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $193,182 |
| Travel | $953 |
| 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 | $18,270 |
| Insurance | $50,792 |
| All other expenses | $20,096 |
| Total functional expenses | $1,149,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,830 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $112,908 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $92,583 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $141,918 |
| Net Land, buildings, and equipment | $104,144 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $538,383 |
| 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 | $506,510 |
| Total liabilities | $506,510 |
| 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 | $31,873 |
| Total liabilities and net assets/fund balances | $538,383 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gymnastics Olympica Usa Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brentwood Country Club Los Angeles Los Angeles, CA | $23,132,093 | $17,679,018 |
Waialae Country Club Honolulu, HI | $40,629,667 | $20,651,940 |
Track Town Usa Inc Eugene, OR | $22,816,196 | $29,424,138 |
Eldorado Country Club Indian Wells, CA | $45,757,738 | $18,170,181 |
Paradise Valley Country Club Inc Paradise Valley, AZ | $41,632,521 | $18,336,957 |
Sharon Heights Golf & Country Club Menlo Park, CA | $51,835,070 | $19,221,394 |
Rolling Hills Country Club Rolling Hills Estates, CA | $71,103,768 | $16,906,847 |
Diablo Country Club Diablo, CA | $28,795,018 | $17,234,644 |
Ironwood Country Club Palm Desert, CA | $36,309,619 | $13,754,726 |
Los Altos Golf & Country Club Los Altos, CA | $30,864,685 | $15,701,239 |
Claremont Country Club Oakland, CA | $32,521,867 | $15,512,670 |
St Francis Yacht Club San Francisco, CA | $21,989,998 | $14,152,861 |