Overview
What is Grand Rapids Gymnastics Boosters Club Inc?
Grand Rapids Gymnastics Boosters Club Inc is a nonprofit organization based in Grand Rapids, Michigan, specifically at 1601 Galbraith Avenue SE 305. Their primary mission is to promote and support competitive gymnastics experiences at both local, national, and international levels. To achieve this, they provide encouragement, expand opportunities, and allocate funds. One of their key initiatives involves organizing and hosting a top-tier invitational event in the region, while also backing gymnasts participating in various competitions. Their objective is to foster a supportive environment and ensure that gymnasts have the resources necessary to excel in their sport.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
Grand Rapids Gymnastics Boosters Club Inc has received a score of 67%, which indicates some strengths in its financial management and governance but also highlights several areas needing improvement. The organization demonstrates a solid program expense ratio of 97.11%, indicating that a significant portion of funds is directed towards its programs. Additionally, it boasts a fully independent board and a strong performance in managing liabilities, with a low liabilities to assets ratio of 2.89%.
Despite these strengths, the organization has several critical governance issues that have affected its overall rating. It has not provided any financial statements nor does it have essential policies in place, including a conflict of interest policy and a whistleblower policy. The absence of these documents, along with missing details on its website and tax form postings, reflect a lack of transparency and could hinder trust and accountability amongst its stakeholders.
Overall, while the Grand Rapids Gymnastics Boosters Club Inc shows commitment to its mission through financial allocation towards programming, addressing the noted governance deficiencies will be crucial for improving its standing and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Grand Rapids Gymnastics Boosters Club Inc legitimate?
Grand Rapids Gymnastics Boosters Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grand Rapids Gymnastics Boosters 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: $7,381
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Grand Rapids Gymnastics Boosters Club Inc?
The Grand Rapids Gymnastics Boosters Club Inc's mission is centered around offering encouragement, extended opportunities, and financial support for competitive gymnastics experiences at both local, national, and international levels. The club achieves this by organizing and hosting a renowned invitational event in the region and backing gymnasts participating in various competitions. Their primary objective is to enrich the gymnastics experience for all involved.
What is the revenue of Grand Rapids Gymnastics Boosters Club Inc?
Grand Rapids Gymnastics Boosters Club Inc's revenue in 2024 was $673,883.
Who are the executives of Grand Rapids Gymnastics Boosters Club Inc and what are their salaries?
There 386 volunteers at Grand Rapids Gymnastics Boosters Club Inc.
Here are 7 key members and their salaries:
- Compensation: $927
- Related: $0
- Other: $0
- Compensation: $1,650
- Related: $0
- Other: $0
- Compensation: $825
- Related: $0
- Other: $0
- Compensation: $599
- Related: $0
- Other: $0
- Compensation: $1,854
- Related: $0
- Other: $0
- Compensation: $927
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Grand Rapids Gymnastics Boosters Club Inc?
Grand Rapids Gymnastics Boosters Club Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Grand Rapids Gymnastics Boosters Club Inc
Grand Rapids Gymnastics Boosters Club Inc is committed to providing encouragement, expanded opportunities, and financial support for competitive gymnastics experiences at various levels, including local, national, and international ones. This mission is carried out by the Boosters, who organize and host one of the premier invitational gymnastics events in the region. Furthermore, they offer assistance to gymnasts who participate in various competitions. The primary aim of Grand Rapids Gymnastics Boosters Club Inc is to enhance the gymnastics journey for athletes, providing them with the necessary resources to excel in their sport.
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Impact
July, 2024
Grand Rapids Gymnastics Boosters Club Inc impacts the community by providing encouragement, expanded opportunities, and financial support for competitive gymnastics experiences at the local, national, and international levels. They sponsor and host a premier gymnastics invitational in the region and support gymnasts participating in various competitions. Through their efforts, they not only foster the growth and development of gymnasts but also promote the sport of gymnastics within the community.
This information is meant to be a general summary of Grand Rapids Gymnastics Boosters 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 2024.
- Investment Income: $7
- Program Service Revenue: $644,324
- Gross Receipts: $709,273
Assets and Liabilities:
- Total Assets: $75,324
- Total Liabilities: $9,166
- Net Assets: $66,158
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT REGISTRATION
Revenue
$345,434
EVENT TICKET SALES
Revenue
$155,431
BOOSTER FEES
Revenue
$115,973
OTHER EVENT INCOME
Revenue
$27,486
Organization Details
Founding Year
1993
Principal Officer
Tracey Wolf
NTEE Category
Code: N60Z - Recreation
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