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Rainbow Gymnastics Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 274553013 ✦ Medford, WI ✦ Designated as a 501(c)(3)

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Overview

What is Rainbow Gymnastics Inc?

Rainbow Gymnastics Inc, a nonprofit organization, is committed to fostering a conducive environment for learning and mastering gymnastic skills. Their mission extends beyond basic training, offering a platform for those with an interest in competitive gymnastics. Guided by the routines set by USA Gymnastics and AAU Gymnastics, Rainbow Gymnastics Inc aims to nurture talent and encourage participation in competitive events. The organization's primary objective is to provide a positive and supportive atmosphere for all its members, ensuring their growth and development in the field of gymnastics.

Is Rainbow Gymnastics Inc legitimate?

Rainbow Gymnastics Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rainbow Gymnastics 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $72,672

For more financial information, click here

What is the mission statement of Rainbow Gymnastics Inc?

Rainbow Gymnastics Inc's mission is centered around creating a conducive environment for individuals to learn and master gymnastic skills. Furthermore, the organization offers an opportunity for those with a competitive spirit to perform routines as per the guidelines set by USA Gymnastics and AAU Gymnastics. In essence, Rainbow Gymnastics Inc is dedicated to fostering gymnastic development and promotion.

Who is the CEO of Rainbow Gymnastics Inc?

Jessica Frahman is the President of Rainbow Gymnastics Inc.

What is the revenue of Rainbow Gymnastics Inc?

Rainbow Gymnastics Inc's revenue in 2023 was $320,761.

Who are the executives of Rainbow Gymnastics Inc and what are their salaries?

The average compensation at Rainbow Gymnastics Inc during 2023 was $2,422. There are 30 employees and 8 volunteers at Rainbow Gymnastics Inc.


Here are 4 key members and their salaries:


Michelle Grant (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Schaefer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessica Frahman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Billy Hartwig (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Rainbow Gymnastics Inc?

Rainbow Gymnastics Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Rainbow Gymnastics Inc

Rainbow Gymnastics Inc, a prominent organization, is committed to providing a conducive environment for individuals interested in learning and mastering gymnastic skills. Beyond this, the institution offers an opportunity for those with a competitive spirit to perform routines as outlined by USA Gymnastics and AAU Gymnastics. In essence, Rainbow Gymnastics Inc serves as a platform that fosters the development and promotion of gymnastics, catering to both learning and competitive needs.

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Impact




October, 2024

Rainbow Gymnastics Inc fosters physical fitness and personal development for children in Medford, WI. Through their engaging gymnastics programs, they promote coordination, strength, and flexibility while building self-esteem and teamwork skills. By providing a constructive recreational outlet, they positively impact the health and well-being of the community's youth. Rainbow Gymnastics Inc creates a supportive environment where children can thrive, learn, and develop a lifelong interest in physical activity. This contributes to the overall vibrancy and fitness culture of the Medford area.




This information is meant to be a general summary of Rainbow Gymnastics 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.

Revenue
$320,761 (2023)
Expenses
$171,329 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $30
  • Program Service Revenue: $185,832
  • Gross Receipts: $322,071

Assets and Liabilities:

  • Total Assets: $540,155
  • Total Liabilities: $227,058
  • Net Assets: $313,097

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

GYMNASTICS

Revenue

$185,832

Organization Details

Founding Year

2011

Principal Officer

Jessica Frahman

Main Address

PO BOX 61, MEDFORD, WI, 54451

NTEE Category

Code: N60 - Recreation

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