Overview
What is Panama City Gymnastics Club Inc?
Panama City Gymnastics Club Inc, a nonprofit based in Panama City, Florida, serves approximately 150 girls aged 1 to 18 by providing gymnastics and cheerleading training. Their mission is to inspire and develop young girls through these sports, aiming to help each one reach their physical potential. With a team of four employees, they offer high-quality instruction at their location on 709 W 13th Street. This vibrant organization hosts meets for athletic competitions, fostering a supportive environment for its students.
Official website here: www.panastics.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%
Panama City Gymnastics Club Inc has received a low rating of 36% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization boasts a fully independent board and has no material diversion of assets, it falls short in several key areas including the absence of essential policies like conflict of interest and whistleblower protections.
The club's financial metrics show a program expense ratio of nearly 49%, suggesting that less than half of its expenses are directed towards its mission-driven programs. Additionally, the organization has a poor liabilities to assets ratio of 0.00%, which raises concerns about its financial health and sustainability. Transparency issues are noted as well, with critical documents such as the tax form not being posted on its website.
Overall, while Panama City Gymnastics Club Inc has strengths in governance structure, the lack of required policies and transparency, along with financial management issues, presents significant limitations that potential donors and stakeholders should consider carefully.
This AI summary has been generated from information found on Charity Navigator.
Is Panama City Gymnastics Club Inc legitimate?
Panama City Gymnastics Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Panama City Gymnastics Club Inc 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: $19,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,990
For more financial information, click here
Official website here: www.panastics.com
What is the mission statement of Panama City Gymnastics Club Inc?
The Panama City Gymnastics Club Inc is dedicated to fostering the growth and development of girls through the sports of gymnastics and cheerleading. By offering top-notch training, the organization enables each girl to unlock her physical potential. Its mission extends beyond just teaching skills; it aims to inspire and encourage young athletes, instilling confidence and determination. Through consistent practice and competition, the club nurtures the next generation of athletes, shaping them into strong and resilient individuals.
Official website here: www.panastics.com
Who is the CEO of Panama City Gymnastics Club Inc?
Patricia Chizmar is the Director of Panama City Gymnastics Club Inc.
Official website here: www.panastics.com
What is the revenue of Panama City Gymnastics Club Inc?
Panama City Gymnastics Club Inc's revenue in 2021 was $72,994.
Official website here: www.panastics.com
Who are the executives of Panama City Gymnastics Club Inc and what are their salaries?
The average compensation at Panama City Gymnastics Club Inc during 2021 was $8,560. There are 4 employees and 6 volunteers at Panama City Gymnastics Club Inc.
Here are 5 key members and their salaries:
- Compensation: $19,250
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.panastics.com
Where can I find the form 990 for Panama City Gymnastics Club Inc?
Panama City Gymnastics Club Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.panastics.com
Learn more at the official website: www.panastics.com
Mission Statement of Panama City Gymnastics Club Inc
Panama City Gym Club, Inc, a non-profit organization, is dedicated to fostering the growth and development of girls through the engaging and challenging world of gymnastics and cheerleading. By inspiring and encouraging young participants, this esteemed institution aims to help each girl unlock her unique physical potential.
Throughout the organization, a commitment to excellence is upheld. Panama City Gym Club, Inc strives to provide top-notch training, ensuring that each girl advances in her gymnastics or cheerleading skills. The team of experienced coaches nurtures the athletes, guiding them towards reaching their peak physical abilities. In doing so, they foster self-confidence, determination, and a lifelong love for the sport.
The training provided by Panama City Gym Club, Inc transcends the ordinary, with an unwavering focus on quality. This approach is instrumental in empowering girls to push past their limitations and achieve impressive feats. In addition to its rigorous training programs, the organization also offers opportunities for competitive athletic events, allowing girls to test their skills and grow through healthy competition. Overall, Panama City Gym Club, Inc is a beacon of inspiration, providing young girls with a platform to grow, excel, and reach their fullest potential.
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Impact
October, 2024
Panama City Gymnastics Club Inc has a profound impact on the local community by empowering young girls through the disciplines of gymnastics and cheerleading. By providing training for approximately 150 students aged 1 to 18, the club fosters an environment where girls can enhance their physical skills, build confidence, and develop teamwork abilities.
The organization's focus on high-quality skill development not only helps participants achieve their personal athletic goals but also encourages a sense of discipline and perseverance. Through participation in competitions, the club instills a competitive spirit and the ability to handle both success and setbacks, valuable life skills that extend beyond sports.
Additionally, by creating a supportive community where friendships can flourish, the Panama City Gymnastics Club nurtures social skills and a sense of belonging among its members. Overall, the organization's commitment to nurturing physical potential and personal growth positively influences the lives of many young girls in Panama City and contributes to their overall well-being and self-esteem.
This information is meant to be a general summary of Panama City Gymnastics Club Inc. 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 2021.
- Program Service Revenue: $48,550
- Gross Receipts: $72,994
Assets and Liabilities:
- Total Assets: $91,505
- Total Liabilities: $0
- Net Assets: $91,505
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$48,550
Organization Details
Founding Year
1970
Phone
(850) 872-0375Principal Officer
Patricia Chizmar
Main Address
709 W 13TH STREET, Panama City, FL, 32401
Website
www.panastics.comNTEE Category
Code: D60 - Animals
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