Overview
What is Gymnastics Inc?
Gymnastics Inc is a nonprofit organization situated in Minot, North Dakota, with a primary focus on promoting education and fitness. They accomplish this by conducting diverse training sessions for the public, attracting around 500 children to attend these sessions during each session. The organization's mission is to inspire growth and wellness through its gymnastics-based activities, providing an engaging and beneficial environment for its participants.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (58%)
Gymnastics Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and finance practices. Although the organization has demonstrated a strong commitment to governance with a fully independent board, it has not provided essential financial statements or published critical policies on its website, raising transparency issues.
The nonprofit scored well on its program expense ratio, allocating 78.90% of its funds to programs, which reflects a positive commitment to its mission. However, the lack of financial documentation and key policies such as conflict of interest and whistleblower protections detracts from its overall accountability score.
The absence of these important governance frameworks may hinder donor confidence and could impact the organization’s long-term sustainability. It is crucial for Gymnastics Inc to address these gaps in transparency and compliance to improve its standing and trustworthiness within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Gymnastics Inc legitimate?
Gymnastics Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 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: $60,120
Professional Fundraising Fees: $0
Other Salaries and Wages: $124,110
For more financial information, click here
What is the mission statement of Gymnastics Inc?
Gymnastics Inc's mission is centered around promoting education and fitness. They achieve this by conducting a range of training sessions open to the public. The organization is committed to engaging a significant number of children, with around 500 participating in each session on average. While the specific location is not mentioned, it is implied that Gymnastics Inc offers its services to a wide audience, fostering physical development and education through its training programs.
Who is the CEO of Gymnastics Inc?
Lolly Gorze is the Treasurer of Gymnastics Inc.
What is the revenue of Gymnastics Inc?
Gymnastics Inc's revenue in 2023 was $528,927.
Who are the executives of Gymnastics Inc and what are their salaries?
The average compensation at Gymnastics Inc during 2023 was $5,583. There are 33 employees at Gymnastics Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Gymnastics Inc?
Gymnastics Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Gymnastics Inc
Gymnastics Inc, as a nonprofit organization, is dedicated to the promotion of education and fitness. It achieves this goal by providing a diverse range of training sessions to the public at large. At any given session, around 500 children engage in these activities, showcasing the organization's commitment to fostering physical and intellectual development among the youth. By offering these classes, Gymnastics Inc plays a pivotal role in encouraging a healthier lifestyle and nurturing the next generation.
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Impact
July, 2024
Gymnastics Inc has a significant impact on the community by promoting education and fitness through its gymnastics programs. With approximately 500 children participating in classes during each session, Gymnastics Inc. is actively contributing to the physical and mental development of its participants. By offering a variety of training sessions, Gymnastics Inc. helps individuals of all ages improve their strength, flexibility, coordination, and overall well-being. Through their dedication to providing quality gymnastics education, Gymnastics Inc. is helping individuals in Minot, ND lead healthier and more active lifestyles.
This information is meant to be a general summary of 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $4,253
- Program Service Revenue: $435,916
- Gross Receipts: $630,508
Assets and Liabilities:
- Total Assets: $2,167,051
- Total Liabilities: $1,348,011
- Net Assets: $819,040
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GYMNASTIC TRAINING
Revenue
$435,916
Organization Details
Founding Year
1983
Principal Officer
Lolly Gorze
Main Address
5645 18TH AVE SE, MINOT, ND, 58701
NTEE Category
Code: N40Z - Recreation
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