Overview
What is Gymjam Foundation?
The Gymjam Foundation, situated in Santa Clarita, California, is a nonprofit organization dedicated to nurturing and promoting competitive gymnastics. Established in 2006, the foundation annually assists around 150 athletes, contributing significantly to their success. Over the years, its competitive teams have produced numerous state champions, regional champions, and national champions, with many athletes furthering their careers in collegiate gymnastics, some even securing full-ride athletic scholarships. Moreover, Gymjam Foundation demonstrates its commitment to community service by supporting Camp del Corazon, a non-profit organization that offers a camp experience for children with congenital heart disease. In addition to these initiatives, the foundation raises funds to cover various expenses related to gymnastics competitions and athlete development.
Is Gymjam Foundation legitimate?
Gymjam Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gymjam Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Gymjam Foundation?
The Gymjam Foundation's mission is centered around promoting and fostering national and international amateur sports competitions. The primary goal is to conduct these competitions and support emerging athletes, aiding in their development for participation. The foundation engages in various activities to achieve this, including fundraising for meet fees, judges' fees, coaches' fees, travel expenses, food costs, insurance, professional development, and professional services. They also host gymnastics meets and offer sponsorships for national and international competitions. Furthermore, the foundation is involved in other expenditures and activities directly or indirectly related to its purpose as outlined in its articles of incorporation.
Who is the CEO of Gymjam Foundation?
Manfred C Waller is the President of Gymjam Foundation.
What is the revenue of Gymjam Foundation?
Gymjam Foundation's revenue in 2022 was $320,901.
Who are the executives of Gymjam Foundation and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Gymjam Foundation?
Gymjam Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gymjam Foundation
Gymjam Foundation is dedicated to promoting and nurturing amateur sports competition at both national and international levels. Its primary goal is to support and develop aspiring athletes, providing them with the necessary resources and opportunities to excel in their respective sports. This includes raising funds for meet fees, judges' fees, coaches' salaries, travel expenses, food costs, insurance, and professional development, as well as hosting gymnastics meets. Furthermore, the foundation offers sponsorships for national and international competitions to aid in the athletes' participation. The activities of Gymjam Foundation are geared towards fostering a conducive environment for the growth and success of amateur athletes, thereby contributing to the broader arena of sports competition.
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Impact
October, 2024
The Gymjam Foundation significantly impacts the athletic landscape by promoting and supporting amateur gymnastics competitions on both national and international stages. Each year, the foundation serves around 150 competitive athletes, fostering their development and helping them navigate the challenging world of sports.
Since its inception, the foundation has celebrated remarkable achievements among its teams, including the production of approximately 350 State Champions, over 160 Regional Champions, 35 National Champions, and 15 members of National Developmental Teams. The foundation’s efforts have also enabled 60 high school graduates to pursue collegiate gymnastics, with more than 20 receiving full-ride athletic scholarships.
In addition to its focus on gymnastics, the Gymjam Foundation has donated nearly $150,000 to various non-profit organizations, highlighting its commitment to broader community support. One of its notable partnerships is with Camp del Corazon, which serves children with congenital heart disease. Through its various initiatives, the foundation enhances the opportunities available to amateur athletes, setting a foundation for their success in both sports and life.
This information is meant to be a general summary of Gymjam Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $87
- Program Service Revenue: $313,940
- Gross Receipts: $320,901
Assets and Liabilities:
- Total Assets: $34,597
- Total Liabilities: $0
- Net Assets: $34,597
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fundraising Income
Revenue
$2,136
Hosted Meet Income
Revenue
$311,804
Organization Details
Founding Year
2006
Phone
(661) 251-3390Principal Officer
Manfred C Waller
Main Address
26515 Reuther Ave, Santa Clarita, CA, 91350
NTEE Category
Code: N60 - Recreation
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