Gymnastics Olympica Usa Inc
- Assets
- $2.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 38
- Location
- Santa Clarita, CA
- Founding
- 02/1980
- Data as of
- 06/2022
- 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 06/2022, Gymnastics Olympica USA Inc employed 38 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 06/2022, Gymnastics Olympica USA Inc generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. 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
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 Secretary | OfficerTrustee | 40 | $126,029 |
Pavel Sargsyan Athletic Dir | Trustee | 40 | $86,073 |
Arsen Minasyan Competitive | Trustee | 40 | $62,819 |
Arthur Minasyan President | OfficerTrustee | 40 | $50,152 |
Ani Sinanyan Treasurer | OfficerTrustee | 40 | $39,100 |
Armand Antonyan Vice-Preside | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,133 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,133 |
| Total Program Service Revenue | $1,511,457 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,066 |
| Net Gain/Loss on Asset Sales | -$95,174 |
| Net Income from Fundraising Events | $14,463 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$265 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,495,868 |
| 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. | $364,173 |
| Compensation of current officers, directors, key employees. | $52,808 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $579,035 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,149 |
| Payroll taxes | $73,224 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $206,253 |
| Advertising and promotion | $3,764 |
| Office expenses | $8,549 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $400,621 |
| Travel | $225 |
| 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 | $185,712 |
| Insurance | $34,503 |
| All other expenses | $41,309 |
| Total functional expenses | $2,081,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,504,409 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $262,999 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $58,518 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $132,255 |
| Net Land, buildings, and equipment | $4,258 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,962,439 |
| 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 | $2,516,483 |
| Total liabilities | $2,516,483 |
| 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 | -$554,044 |
| Total liabilities and net assets/fund balances | $1,962,439 |