Gbaso INC FY2021 filing

Tax-deductible

Green Bay, WI501(c)(3)Youth DevelopmentEIN 47-0967836

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To foster and conduct national or international amateur competition in the sports of skateboarding and/or bmx biking and to lessen the burdens of government by partnering with public school curriculums in physical education.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $53K a year · 17% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 14.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$310K
+56% vs prior year
Spent
$188K
To programs
89%
Net assets
$276K
By yearFY2020–FY2024
Revenue
$310K
FY2021▲ +56%
Revenue by fiscal year
FY2020$199K
FY2021$310K
FY2022$215K
FY2023$424K
FY2024$462K
Expenses
$188K
FY2021▲ +17%
Expenses by fiscal year
FY2020$161K
FY2021$188K
FY2022$162K
FY2023$402K
FY2024$430K
Net assets
$276K
FY2021▲ +79%
Net assets by fiscal year
FY2020$154K
FY2021$276K
FY2022$329K
FY2023$351K
FY2024$389K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2014.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $168K Management & general 11% · $20K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Pres/Treas &
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary &
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Gbaso 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 amateur skateboarding and BMX biking competitions, and partners with schools for physical education.

Provided by the organization

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1 program service account for $168K of program spending, described in the organization's own filed words · FY2021.
01

The organization is actively providing and maintaining a skateboarding and BMX biking facility.

$168Kprogram expense

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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 · FY2025
Total grants receivedfrom 1 funder$500

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$310K
Ln 12
Fees for servicesLn 2g$171K
Gifts and grantsLn 1h$84K
Other incomeLn 4–11$54K
Money outPt IX
$188K
Ln 25
Programscol B$168K
Managementcol C$20K
Owns and owesPt X
$276K
net assets · Ln 32
Cash and savingsLn 1–2$230K
Total assetsLn 16$282K
LiabilitiesLn 26$6K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$84K
Government grantsLn 1e$38K
Fees for servicesLn 2g$171K
Investment incomeLn 3$15
Other incomeLn 4–11$54K
Total revenueLn 12$310K
Assets in detailPt X, end of year
CashLn 1$230K
Cash and savings togetherLn 1–2$230K
Land, buildings, equipmentLn 10c$40K
Total assetsLn 16$282K
LiabilitiesLn 26$6K
Net assetsLn 32$276K
OperationsPt I, VI
EmployeesI 512
VolunteersI 645
Fiscal year endsHeaderDecember
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
LineStart FY21End FY21
Cash and savingsLn 1–2$137K$230K
Land, buildings, equipmentLn 10c$20K$40K
Total assetsLn 16$165K$282K
LiabilitiesLn 26$11K$6K
Net assetsLn 32$154K$276K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$97K$97K
Payroll taxesLn 10$7K$7K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$441$441
Office expensesLn 13$15K$2K$13K
Information technologyLn 14$3K$3K
OccupancyLn 16$31K$31K
TravelLn 17$574$574
InsuranceLn 23$26K$26K
Other expenses (24a–d)Ln 24$5K$5K
Total functional expensesLn 25$188K$168K$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $462K$430K$32K$389K 990 PDF
FY2023 $424K$402K$22K$351K 990 PDF
FY2022 $215K$162K$53K$329K 990 PDF
FY2021 Viewing $310K$188K$121K$276K 990 PDF
FY2020 $199K$161K$37K$154K 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
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $309,646 across 7 lines filed
Lines not itemized here account for $53,812 of total revenue; see the IRS return.
VIII-1e Government grants$37,726
VIII-1f All other contributions, gifts and grants$46,370
VIII-1h Total contributions, gifts and grants$84,096
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $171,473$171,473
VIII-3 Investment incomeRelated to mission $15$15
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $250$250
VIII-12 Total revenueRelated to mission $225,550$309,646
Part IX · Statement of functional expenses $188,161 across 10 lines filed
IX-7 Other salaries and wagesPrograms $96,536$96,536
IX-10 Payroll taxesPrograms $7,385$7,385
IX-11c Accounting feesManagement $2,100$2,100
IX-12 Advertising and promotionManagement $441$441
IX-13 Office expensesPrograms $1,926 · Management $13,494$15,420
IX-14 Information technologyManagement $3,484$3,484
IX-16 OccupancyPrograms $30,972$30,972
IX-17 TravelManagement $574$574
IX-23 InsurancePrograms $26,047$26,047
IX-24 Other expenses (24a–d)Programs $5,202$5,202
IX-25 Total functional expensesPrograms $168,068 · Management $20,093 · Fundraising $0$188,161
Part X · Balance sheet $282,276 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $137,474$229,723
X-8 Inventories for sale or useStart of year $8,305$12,675
X-10c Land, buildings and equipment, netStart of year $19,692$39,878
X-16 Total assetsStart of year $165,471$282,276
X-25 Other liabilitiesStart of year $11,128$6,448
X-26 Total liabilitiesStart of year $11,128$6,448
X-32 Total net assets or fund balancesStart of year $154,343$275,828
X-33 Total liabilities and net assetsStart of year $165,471$282,276
Part XI · Reconciliation of net assets $275,828 net assets at year end
XI-1 Total revenue$309,646
XI-2 Total expenses$188,161
XI-3 Revenue less expenses$121,485
XI-4 Net assets at start of year$154,343
XI-10 Net assets at end of year$275,828

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

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