Gymnastics INC: FY2021 Nonprofit Profile & Form 990 (EIN 45-0419443)

Revenue by fiscal year
FY2021	$444K
FY2022	$455K
FY2023	$529K
FY2024	$519K
FY2025	$514K

Expenses by fiscal year
FY2021	$401K
FY2022	$410K
FY2023	$432K
FY2024	$497K
FY2025	$555K

Net assets by fiscal year
FY2021	$677K
FY2022	$722K
FY2023	$819K
FY2024	$841K
FY2025	$799K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1992.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

79%

21%

Program services 79% · $318K Management & general 21% · $83K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Kari Halverson

Board Member

$0Pt VII · Sec A

Amy Bergan

Secretary

$0Pt VII · Sec A

Brock Green

Treasurer

$0Pt VII · Sec A

Eric Peters

President

$0Pt VII · Sec A

Lolly Gorze

Vice President

$0Pt VII · Sec A

See Gymnastics INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes gymnastics education and fitness for all.

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Provided by the organization

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1 program · $318K · in their own filed words · FY2020

01

Several gymnastic training sessions provided throughout the year to the general public, approximately 500 children participate in classes during any given session

$318Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2023

Amazonsmile FoundationFY2023$24

Total grants receivedfrom 1 funder$24

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$444K

Ln 12

Fees for servicesLn 2g$317K

Gifts and grantsLn 1h$86K

Other incomeLn 4–11$42K

Money outPt IX

$401K

Ln 25

Programscol B$318K

Managementcol C$83K

Owns and owesPt X

$677K

net assets · Ln 32

Cash and savingsLn 1–2$66K

Total assetsLn 16$2.2M

LiabilitiesLn 26$1.5M

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$86K

Government grantsLn 1e$86K

Fees for servicesLn 2g$317K

Investment incomeLn 3$70

Other incomeLn 4–11$42K

Total revenueLn 12$444K

Assets in detailPt X, end of year

CashLn 1$21K

SavingsLn 2$45K

Cash and savings togetherLn 1–2$66K

Land, buildings, equipmentLn 10c$2.1M

Total assetsLn 16$2.2M

LiabilitiesLn 26$1.5M

Net assetsLn 32$677K

OperationsPt I, VI

EmployeesI 530

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$25K	$66K
Land, buildings, equipmentLn 10c	$2.2M	$2.1M
Total assetsLn 16	$2.2M	$2.2M
LiabilitiesLn 26	$1.6M	$1.5M
Net assetsLn 32	$634K	$677K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$56K		$56K
Other salaries and wagesLn 7	$106K	$106K
Payroll taxesLn 10	$13K	$8K	$4K
Accounting feesLn 11c	$13K		$13K
Advertising and promotionLn 12	$350	$350
Office expensesLn 13	$9K		$9K
OccupancyLn 16	$20K	$20K
InterestLn 20	$71K	$71K
Depreciation, depletion and amortizationLn 22	$57K	$57K
InsuranceLn 23	$20K	$20K
Other expenses (24a–d)Ln 24	$34K	$34K
Total functional expensesLn 25	$401K	$318K	$83K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$514K	$555K	−$41K	$799K	990 PDF
FY2024	$519K	$497K	$22K	$841K	990 PDF
FY2023	$529K	$432K	$97K	$819K	990 PDF
FY2022	$455K	$410K	$45K	$722K	990 PDF
FY2021 Viewing	$444K	$401K	$43K	$677K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $444,152 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $9,230$85,536

I-9 Program service revenuePrior year $292,240$316,604

I-10 Investment incomePrior year $21$70

I-11 Other revenuePrior year $55,001$41,942

I-12 Total revenuePrior year $356,492$444,152

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $172,062$174,723

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $192,234$225,983

I-18 Total expensesPrior year $364,296$400,706

I-19 Revenue less expensesPrior year −$7,804$43,446

Part VI · Governance 5 of 5 board members independent, 4 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $444,152 across 7 lines filed

Lines not itemized here account for $1,259 of total revenue; see the IRS return.

VIII-1e Government grants$85,536

VIII-1h Total contributions, gifts and grants$85,536

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $316,604$316,604

VIII-3 Investment incomeRelated to mission $70$70

VIII-8 Net income from fundraising eventsUnrelated business $38,843$38,843

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,840$1,840

VIII-12 Total revenueRelated to mission $319,773 · Unrelated business $38,843 · Excluded from tax $0$444,152

Part IX · Statement of functional expenses $400,706 across 11 lines filed

IX-5 Pay of current officers, directors and key staffManagement $56,410$56,410

IX-7 Other salaries and wagesPrograms $105,714$105,714

IX-10 Payroll taxesPrograms $8,373 · Management $4,226$12,599

IX-11c Accounting feesManagement $13,145$13,145

IX-12 Advertising and promotionPrograms $350$350

IX-13 Office expensesManagement $9,161$9,161

IX-16 OccupancyPrograms $20,344$20,344

IX-20 InterestPrograms $71,222$71,222

IX-22 Depreciation, depletion and amortizationPrograms $57,371$57,371

IX-23 InsurancePrograms $20,130$20,130

IX-24 Other expenses (24a–d)Programs $34,260$34,260

IX-25 Total functional expensesPrograms $317,764 · Management $82,942 · Fundraising $0$400,706

Part X · Balance sheet $2,202,476 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $16,930$20,867

X-2 Savings and temporary cash investmentsStart of year $7,734$45,045

X-10c Land, buildings and equipment, netStart of year $2,177,176$2,136,564

X-16 Total assetsStart of year $2,201,840$2,202,476

X-17 Accounts payable and accrued expensesStart of year $58,130$48,011

X-26 Total liabilitiesStart of year $1,568,154$1,525,511

X-32 Total net assets or fund balancesStart of year $633,686$676,965

X-33 Total liabilities and net assetsStart of year $2,201,840$2,202,476

Part XI · Reconciliation of net assets $676,965 net assets at year end

XI-1 Total revenue$444,152

XI-2 Total expenses$400,706

XI-3 Revenue less expenses$43,446

XI-4 Net assets at start of year$633,686

XI-9 Other changes in net assets−$167

XI-10 Net assets at end of year$676,965

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Gymnastics INC FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Gymnastics INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV