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Gym Magic Foundation

Las Cruces, NMUnknown exempt organizationSince 2010EIN 27-1969731

Provide education and opportunity to underserved for gymnastics

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $10K a year · 1% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$44K
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-13% vs prior year
Spent
$1.1M
To programs
100%
Net assets
$42K
By yearFY2023–FY2025
Revenue
$1.1M
FY2025▼ -13%
Revenue by fiscal year
FY2023$336K
FY2024$1.3M
FY2025$1.1M
Expenses
$1.1M
FY2025▼ -9%
Expenses by fiscal year
FY2023$417K
FY2024$1.2M
FY2025$1.1M
Net assets
$42K
FY2025▲ +162%
Net assets by fiscal year
FY2023−$69K
FY2024$16K
FY2025$42K

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CGym Magic Foundation
EINHdr · item D27-1969731
Exempt statusHdr · item I501(c)(3) · active
Year of formationHdr · item L2010
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CLas Cruces, NM
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$1.1M
Total functional expensesLn 25$1.1M

Finances

Money in and out, what it owns and owes

Surplus or deficit
+2%
as % of revenue, this year▼ -65% vs prior filing year
Program spending
100%
of expenses reach programs0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$86K
FY2025▲ +41%
Total assets by fiscal year
FY2023$51K
FY2024$61K
FY2025$86K
Total liabilities
$44K
FY2025▼ -1%
Total liabilities by fiscal year
FY2023$121K
FY2024$45K
FY2025$44K
Revenue less expensesPt I · Ln 19$26K
Total assetsPt X · Ln 16$86K
Spent on programsPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Balance Sheet

Part X · end of year
CashLn 1$86K
Total assetsLn 16$86K
Total liabilitiesLn 26$44K
Total net assetsLn 32$42K
Months of cash on handcomputed0.9

Statement of Revenue

Part VIII
Program service revenue100%$1.1M
Investment income$233
Total revenueLn 12$1.1M

Money in detail

Form 990 · FY2025 · each figure shown with the dollars behind it
Cash and giving out
Months of spending covered by cash
Cash and easy-to-sell investments $86K · Operating expenses/yr $1.1M
0.9 months
Where the money goes
Program services
Program services $1.1M · Total expenses $1.1M
100%
Management & General
Management & general $0 · Total expenses $1.1M
0%
Fundraising
Fundraising $0 · Total expenses $1.1M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $1.1M
0%
Government reliance
Government grants — · Total revenue $1.1M
—
Earned-income share
Program service revenue $1.1M · Total revenue $1.1M
100%
Investment reliance
Investment income $233 · Total revenue $1.1M
+0.02%
Program self-sufficiency
Program service revenue $1.1M · Total expenses $1.1M
102%
Growth & trend
Revenue change from last year
This year $1.1M · Prior year $1.3M
-13%
Net assets change over the year
End of year $42K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus or deficit, as % of revenue
Revenue $1.1M · Expenses $1.1M
+2%
Debts compared to what it owns
Total liabilities — · Total assets $86K
—
Net assets compared to what it owns
Net assets $42K · Total assets $86K
48%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $86K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nancy L Bates · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $1.1M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $730K · Total expenses $1.1M
66%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Spent on programs 100%——
Revenue growth -13%——

Straight from the Form 990 — descriptive, not an evaluation. A share is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Nancy L Bates
President
$0Pt VII · Sec A
Sandra I Graham
Secretary-Tr
$0Pt VII · Sec A
$0Pt VII · Sec A
Phil Stevens
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Gym Magic Foundation executive salaries →

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Governance & Policies

Part VI
  • 3Voting board membersPt VI · Ln 1a
  • 3Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Teaches life skills like persistence and responsibility through fun, challenging sports training.

Provided by the organization

This section is blank until Gym Magic Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $1.1M of program spending, described in the organization's own filed words · FY2025.
01

Provide education and opportunity to underserved for child development in gymnastics. We believe in excellent training; we believe in fun and challenge. Our sports are also used as tools; tools to develop life skills such as persistence, self-reliance, dedication and responsibility.

$1.1Mprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $1.1M$1.1M-13% 990 PDF
FY2024 $1.3M$1.2M+287% 990 PDF
FY2023 $336K$417K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2025

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $1,129,675 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,129,442$1,129,442
VIII-3 Investment incomeRelated to mission $233$233
VIII-12 Total revenueRelated to mission $1,129,675$1,129,675
Part IX · Statement of functional expenses $1,103,929 across 13 lines filed
IX-7 Other salaries and wagesPrograms $669,597$669,597
IX-9 Other employee benefitsPrograms $3,000$3,000
IX-10 Payroll taxesPrograms $57,012$57,012
IX-11c Accounting feesPrograms $9,333$9,333
IX-11g Other fees for servicesPrograms $972$972
IX-12 Advertising and promotionPrograms $525$525
IX-13 Office expensesPrograms $55,100$55,100
IX-14 Information technologyPrograms $9,694$9,694
IX-19 Conferences, conventions and meetingsPrograms $462$462
IX-20 InterestPrograms $16$16
IX-23 InsurancePrograms $19,928$19,928
IX-24 Other expenses (24a–d)Programs $276,209$276,209
IX-24e All other expensesPrograms $2,081$2,081
IX-25 Total functional expensesPrograms $1,103,929 · Management $0 · Fundraising $0$1,103,929
Part X · Balance sheet $86,037 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $35,893$86,037
X-16 Total assetsStart of year $60,893$86,037
X-17 Accounts payable and accrued expensesStart of year $44,054$32,933
X-25 Other liabilitiesStart of year $983$11,502
X-26 Total liabilitiesStart of year $45,037$44,435
X-32 Total net assets or fund balancesStart of year $15,856$41,602
X-33 Total liabilities and net assetsStart of year $60,893$86,037
Part XI · Reconciliation of net assets $41,602 net assets at year end
XI-1 Total revenue$1,129,675
XI-2 Total expenses$1,103,929
XI-3 Revenue less expenses$25,746
XI-4 Net assets at start of year$15,856
XI-10 Net assets at end of year$41,602

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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