USA Gymnastics

Tax-deductible

Indianapolis, IN501(c)(3)Since 1964Recreation & SportsEIN 75-1847871

USA gymnastics is the designated national governing body for the sport of gymnastics in the united states.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Run by 3,800 volunteers and 69 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
3 of 5
filings with a surplus
Average surplus $2.3M a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.9M
to officers and key staff · 9% of spending
Top officer’s pay higher than 92% of similar orgs
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2.3M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$20.2M
102% of total assets
Concern: liabilities are 102% of assets; over 80%.
Pt X · Ln 26
Independent board members
16
of 17 voting members
Looks good: 16 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$40.2M
+45% vs prior year
Spent
$34.1M
To programs
69%
Net assets
−$493K
By yearFY2020–FY2024
Revenue
$40.2M
FY2024▲ +45%
Revenue by fiscal year
FY2020$23.6M
FY2021$28.4M
FY2022$38.2M
FY2023$27.6M
FY2024$40.2M
Expenses
$34.1M
FY2024▲ +10%
Expenses by fiscal year
FY2020$21.1M
FY2021$31.2M
FY2022$29.0M
FY2023$30.9M
FY2024$34.1M
Net assets
−$493K
FY2024▲ +93%
Net assets by fiscal year
FY2020−$4.2M
FY2021−$6.2M
FY2022−$3.3M
FY2023−$6.6M
FY2024−$493K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1982.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $23.5M Management & general 31% · $10.6M

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

Who runs it and what they're paid

29 people listed on the 990; $2.9M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$730,556Pt VII · Sec A
Chief Operating Officer
$324,326Pt VII · Sec A
Chief Program Officer
$272,195Pt VII · Sec A
Chief of Athlete Wellness
$232,977Pt VII · Sec A
Chief Membership Officer
$203,684Pt VII · Sec A
Chief Comm & Marketing Officer
$202,240Pt VII · Sec A
VP Partnerships & Event Market
$176,876Pt VII · Sec A
Senior Legal Counsel
$165,842Pt VII · Sec A

Li Li Leung’s $731K as Chief Executive Officer is at the 92nd percentile of top reported officer pay among 290 $10–100M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Li Li Leung$730,556—$618,200$441,334$382,488
Li Li Leung—$577,925———
Lauryn Turner$324,326——$214,020$141,114
Lauryn Turner Eff 122——$291,935——
Lauryn Turner—$275,573———
Stefanie Korepin$272,195—$253,357$195,315$177,519
Debbie Shon—$240,647$257,424$157,058—
Kimberly Kranz$232,977—$214,498$195,476$165,226

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Governs gymnastics nationwide, setting standards and promoting the sport.

Provided by the organization

This section is blank until USA Gymnastics claims this page.

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3 program services account for $20.2M of program spending, described in the organization's own filed words · FY2024.
01

Program Services

USA Gymnastics has the responsibility to select, develop, and train the gymnastics national and Olympic teams. Expenses include travel to international competitions, training camps, athlete and coach support, apparel, judges, development and training, and early talent identification.

$12.5Mprogram expense
02

Hosted Competitions

as the National Governing body of the sport of gymnastics, USA Gymnastics conducts regional, national, and international competitions, including the national championships and Olympic trials.

$4.3Mprogram expense
03

Member Services

USA Gymnastics has over 200,000 members affiliated with over 2,500 independently operated organizations to which it provides a variety of services and benefits. Benefits include participant accident insurance coverage to coopeting members and liability coverage to hosts of Sanctioned competitions.

$3.4Mprogram 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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$2.3M
Grants paid · 7 grants · $7.9M · 2020–2024
Unitemized GrantFY2024$2,114,799
Unitemized GrantFY2023$1,577,485
Unitemized GrantFY2022$1,952,273
Unitemized GrantFY2021$1,094,661
Unitemized GrantFY2020$1,161,967

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$40.2M
Ln 12
Fees for servicesLn 2g$32.9M
Gifts and grantsLn 1h$6.7M
Other incomeLn 4–11$386K
Money outPt IX
$34.1M
Ln 25
Programscol B$23.5M
Managementcol C$10.6M
Owns and owesPt X
−$493K
net assets · Ln 32
Cash and savingsLn 1–2$13.7M
Total assetsLn 16$19.7M
LiabilitiesLn 26$20.2M
PeoplePt VI, VII
29
listed · VII A
PaidVII A14
Voting boardVI 1a17
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.7M
Noncash giftsLn 1g$3.2M
Fees for servicesLn 2g$32.9M
Investment incomeLn 3$215K
Other incomeLn 4–11$386K
Total revenueLn 12$40.2M
Assets in detailPt X, end of year
CashLn 1$6.5M
SavingsLn 2$7.3M
Cash and savings togetherLn 1–2$13.7M
Land, buildings, equipmentLn 10c$230K
Other assetsLn 15$550K
Total assetsLn 16$19.7M
LiabilitiesLn 26$20.2M
Net assetsLn 32−$493K
OperationsPt I, VI
EmployeesI 569
VolunteersI 63,800
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$9.6M$13.7M
Land, buildings, equipmentLn 10c$238K$230K
Total assetsLn 16$14.9M$19.7M
LiabilitiesLn 26$21.4M$20.2M
Net assetsLn 32−$6.6M−$493K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2.1M$2.1M
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$2.2M$1.5M$750K
Pay of disqualified personsLn 6$102K$68K$34K
Other salaries and wagesLn 7$4.0M$2.7M$1.3M
Pension plan contributionsLn 8$205K$136K$69K
Other employee benefitsLn 9$588K$391K$197K
Payroll taxesLn 10$393K$262K$132K
Legal feesLn 11b$497K$497K
Accounting feesLn 11c$179K$179K
Other fees for servicesLn 11g$3.9M$3.2M$639K$0
Advertising and promotionLn 12$78K$74K$4K
Office expensesLn 13$3.6M$3.0M$628K
Information technologyLn 14$347K$210K$137K
OccupancyLn 16$866K$599K$267K
TravelLn 17$6.2M$5.9M$345K
InterestLn 20$136K$136K
Depreciation, depletion and amortizationLn 22$78K$78K
InsuranceLn 23$4.4M$5K$4.4M
Other expenses (24a–d)Ln 24$2.4M$2.1M$362K
All other expensesLn 24e$1.7M$1.2M$476K$0
Total functional expensesLn 25$34.1M$23.5M$10.6M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $40.2M$34.1M$6.1M−$493K 990 PDF
FY2023 $27.6M$30.9M−$3.3M−$6.6M 990 PDF
FY2022 $38.2M$29.0M$9.1M−$3.3M 990 PDF
FY2021 $28.4M$31.2M−$2.9M−$6.2M 990 PDF
FY2020 $23.6M$21.1M$2.5M−$4.2M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $40,189,841 across 8 lines filed
Lines not itemized here account for $386,258 of total revenue; see the IRS return.
VIII-1d Related organizations$147,000
VIII-1f All other contributions, gifts and grants$6,584,937
VIII-1g Noncash contributions (included above)$3,174,645
VIII-1h Total contributions, gifts and grants$6,731,937
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $32,856,722$32,856,722
VIII-3 Investment incomeExcluded from tax $214,924$214,924
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $33,242,980 · Unrelated business $0 · Excluded from tax $214,924$40,189,841
Part IX · Statement of functional expenses $34,109,415 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $2,114,799$2,114,799
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $1,490,087 · Management $749,858$2,239,945
IX-6 Pay of disqualified personsPrograms $68,041 · Management $34,240$102,281
IX-7 Other salaries and wagesPrograms $2,677,991 · Management $1,347,648$4,025,639
IX-8 Pension plan contributionsPrograms $136,164 · Management $68,521$204,685
IX-9 Other employee benefitsPrograms $390,846 · Management $196,687$587,533
IX-10 Payroll taxesPrograms $261,607 · Management $131,649$393,256
IX-11b Legal feesManagement $496,832$496,832
IX-11c Accounting feesManagement $179,160$179,160
IX-11g Other fees for servicesPrograms $3,249,142 · Management $638,768 · Fundraising $0$3,887,910
IX-12 Advertising and promotionPrograms $74,329 · Management $3,840$78,169
IX-13 Office expensesPrograms $3,020,266 · Management $627,947$3,648,213
IX-14 Information technologyPrograms $209,880 · Management $137,487$347,367
IX-16 OccupancyPrograms $598,841 · Management $267,372$866,213
IX-17 TravelPrograms $5,893,761 · Management $345,012$6,238,773
IX-20 InterestManagement $136,437$136,437
IX-22 Depreciation, depletion and amortizationManagement $77,611$77,611
IX-23 InsurancePrograms $5,086 · Management $4,370,033$4,375,119
IX-24 Other expenses (24a–d)Programs $2,084,164 · Management $361,525$2,445,689
IX-24e All other expensesPrograms $1,187,622 · Management $476,162 · Fundraising $0$1,663,784
IX-25 Total functional expensesPrograms $23,462,626 · Management $10,646,789 · Fundraising $0$34,109,415
Part X · Balance sheet $19,724,078 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $6,743,092$6,452,311
X-2 Savings and temporary cash investmentsStart of year $2,902,326$7,285,258
X-4 Accounts receivableStart of year $1,537,706$2,046,364
X-8 Inventories for sale or useStart of year $210,419$206,895
X-9 Prepaid expenses and deferred chargesStart of year $2,526,673$2,953,736
X-10c Land, buildings and equipment, netStart of year $237,558$229,583
X-15 Other assetsStart of year $718,500$549,931
X-16 Total assetsStart of year $14,876,274$19,724,078
X-17 Accounts payable and accrued expensesStart of year $1,849,138$934,121
X-19 Deferred revenueStart of year $9,809,116$8,580,926
X-24 Unsecured notes and loans payableStart of year $4,937,068$4,504,755
X-25 Other liabilitiesStart of year $595,817$346,739
X-26 Total liabilitiesStart of year $21,449,577$20,216,955
X-27 Net assets without donor restrictionsStart of year −$7,241,494−$1,055,425
X-28 Net assets with donor restrictionsStart of year $668,191$562,548
X-32 Total net assets or fund balancesStart of year −$6,573,303−$492,877
X-33 Total liabilities and net assetsStart of year $14,876,274$19,724,078
Part XI · Reconciliation of net assets −$492,877 net assets at year end
XI-1 Total revenue$40,189,841
XI-2 Total expenses$34,109,415
XI-3 Revenue less expenses$6,080,426
XI-4 Net assets at start of year−$6,573,303
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$492,877

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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