Overview
What is Team Central Gymnastic Academy?
Team Central Gymnastic Academy is a nonprofit organization that is committed to promoting excellence in gymnastics at both a local and global level. Their mission includes supporting amateur gymnastics competitions on regional, national, and international stages. By doing so, they aim to foster talent and growth within the gymnastics community. This nonprofit organization plays a significant role in nurturing gymnastics skills and encouraging participation in competitive events, thereby contributing to the overall development of athletes in the field.
Official website here: www.teamcentral.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Team Central Gymnastic Academy has received a two-star rating from Charity Navigator, indicating a need for improvement in various operational aspects. With an overall score of 71%, the organization demonstrates strong governance through an independent board, scoring full points in independent board members and board size. However, the lack of financial transparency is a significant concern, as it did not provide financial statements or post its tax form on its website.
The organization exhibits positive financial management, with a low liabilities to assets ratio and a high program expense ratio, suggesting that it allocates a significant portion of its resources towards its programs. Despite these strengths, the absence of essential policies, such as a whistleblower policy and document retention guidelines, may hinder its accountability and effectiveness in governance.
Overall, while Team Central Gymnastic Academy has strengths in program funding and board independence, its limited financial disclosure and missing policies indicate areas needing significant improvement to enhance trust and operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Team Central Gymnastic Academy legitimate?
Team Central Gymnastic Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Team Central Gymnastic Academy 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: $15,894
Professional Fundraising Fees: $0
Other Salaries and Wages: $763,335
For more financial information, click here
Official website here: www.teamcentral.org
What is the mission statement of Team Central Gymnastic Academy?
Team Central Gymnastic Academy's mission is centered around promoting gymnastic excellence on a regional, national, and international level. The academy strives to facilitate amateur gymnastic competitions as a means to achieve this objective. Their mission is grounded in the pursuit of excellence in the sport of gymnastics. The academy serves as a platform for aspiring gymnasts to showcase their skills and talents on a global stage. The ultimate goal is to nurture and develop gymnasts to reach their full potential in the sport.
Official website here: www.teamcentral.org
What is the revenue of Team Central Gymnastic Academy?
Team Central Gymnastic Academy's revenue in 2024 was $1,900,021.
Official website here: www.teamcentral.org
Who are the executives of Team Central Gymnastic Academy and what are their salaries?
The average compensation at Team Central Gymnastic Academy during 2024 was $9,990. There are 78 employees and 125 volunteers at Team Central Gymnastic Academy.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $39,065
- Other: $0
- Compensation: $15,000
- Related: $8,000
- Other: $0
- Compensation: $0
- Related: $21,907
- Other: $0
- Compensation: $894
- Related: $2,123
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.teamcentral.org
Where can I find the form 990 for Team Central Gymnastic Academy?
Team Central Gymnastic Academy's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.teamcentral.org
Learn more at the official website: www.teamcentral.org
Mission Statement of Team Central Gymnastic Academy
Team Central Gymnastic Academy, as a distinguished organization, is committed to promoting gymnastic achievements on a regional, national, and international scale. This mission stems from their pursuit of excellence in the field of gymnastics. By fostering competitive opportunities, Team Central Gymnastic Academy aims to elevate the skills and performances of amateur gymnasts, thereby contributing to the growth and development of the sport at large.
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Impact
July, 2024
Team Central Gymnastic Academy's impact is evident in its commitment to fostering regional, national, and international amateur gymnastic competition with the goal of achieving excellence in the sport. Through their dedication to training and supporting gymnasts at various levels of competition, they have contributed to the development of talented athletes and the promotion of gymnastics as a recreational activity. Their efforts have not only shaped individual gymnasts but have also made significant contributions to the broader gymnastics community.
This information is meant to be a general summary of Team Central Gymnastic Academy. 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: $80,164
- Program Service Revenue: $1,631,494
- Gross Receipts: $2,036,460
Assets and Liabilities:
- Total Assets: $2,049,531
- Total Liabilities: $243,986
- Net Assets: $1,805,545
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Direct competition
Revenue
$159,315
Program fees
Revenue
$1,472,179
Organization Details
Founding Year
1992
Principal Officer
Ray Overmann
Website
www.teamcentral.orgNTEE Category
Code: N60 - Recreation
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