Overview
What is Richmond Olympiad Gymnastic Club Inc?
Richmond Olympiad Gymnastic Club Inc, situated in Richmond, Virginia, is a nonprofit organization dedicated to the development, teaching, and training of aspiring gymnastic athletes. During the fiscal year, they successfully nurtured and prepared 80 students, some of whom went on to compete in the Virginia State Championships. Moreover, four talented individuals from the club were selected to participate in the Virginia Regionals, showcasing their exceptional skills. With a team of 26 employees, the club's mission continues to foster and cultivate the athletic abilities of amateur gymnasts.
Official website here: www.richmondolympiad.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
Richmond Olympiad Gymnastic Club Inc has earned a Three-Star rating from Charity Navigator, reflecting a score of 76%. This rating is primarily based on the organization’s accountability and finance practices. Key strengths include a fully independent board with six members, no material diversion of assets, and a strong ratio of program expenses to total expenses, indicating effective use of funds towards its mission.
However, the organization's evaluation has highlighted several areas for improvement. Notably, it lacks essential governance policies, such as a conflict of interest policy, whistleblower policy, and a document retention policy, which received zero points in their respective categories. Additionally, while the club's tax form is listed, it is not posted on the nonprofit's website, which is another area that could enhance transparency and accountability.
Overall, while Richmond Olympiad Gymnastic Club Inc demonstrates solid financial practices and governance through its board structure, addressing the identified gaps in policy documentation and compliance could significantly improve its standing in future assessments.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Richmond Olympiad Gymnastic Club Inc?
94% of 34 reviewers on Facebook recommend Richmond Olympiad Gymnastic Club Inc. Here is a summary of their reviews:
Many parents express a high level of satisfaction with the quality of coaching their children receive. One parent remarked on how much their daughter has developed as an athlete due to the guidance and support from the coaches at the club, indicating that the staff is both skilled and dedicated to helping young gymnasts thrive.
Overall, it appears that the nonprofit effectively meets the needs of its members, fostering growth and confidence among young athletes. The positive sentiments shared highlight the club’s commitment to developing not just athletic abilities, but also the personal growth of its gymnasts.
This AI summary has been generated from reviews found on Facebook.
Is Richmond Olympiad Gymnastic Club Inc legitimate?
Richmond Olympiad Gymnastic Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richmond Olympiad Gymnastic 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: $10,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $201,023
For more financial information, click here
Official website here: www.richmondolympiad.com
What is the mission statement of Richmond Olympiad Gymnastic Club Inc?
The Richmond Olympiad Gymnastic Club Inc's primary objective is to foster the growth of amateur gymnastics. They accomplish this by providing instruction and training to aspiring athletes. During the recent fiscal year, the club successfully developed and taught numerous gymnasts, with 80 of them qualifying and competing in the VA State Championships. Furthermore, four of these talents advanced to compete in the VA Regionals.
Official website here: www.richmondolympiad.com
What is the revenue of Richmond Olympiad Gymnastic Club Inc?
Richmond Olympiad Gymnastic Club Inc's revenue in 2024 was $478,696.
Official website here: www.richmondolympiad.com
Who are the executives of Richmond Olympiad Gymnastic Club Inc and what are their salaries?
The average compensation at Richmond Olympiad Gymnastic Club Inc during 2024 was $10,591. There are 20 employees at Richmond Olympiad Gymnastic Club Inc.
Here are 7 key members and their salaries:
- Compensation: $25,959
- Related: $0
- Other: $0
- Compensation: $5,400
- Related: $0
- Other: $0
- Compensation: $5,400
- 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.richmondolympiad.com
Where can I find the form 990 for Richmond Olympiad Gymnastic Club Inc?
Richmond Olympiad Gymnastic Club Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.richmondolympiad.com
Learn more at the official website: www.richmondolympiad.com
Mission Statement of Richmond Olympiad Gymnastic Club Inc
Richmond Olympiad Gymnastic Club Inc is dedicated to fostering the growth and development of amateur gymnastic athletes. The primary objective of this organization is to instruct and train these athletes, equipping them with the necessary skills and techniques to excel in their respective disciplines. Throughout the fiscal year, the club was successful in nurturing several gymnasts, some of whom went on to compete at the VA State Championships and VA Regionals. This demonstrates the club's commitment to providing a comprehensive and effective training program, enabling its students to reach their full potential in the sport of gymnastics.
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Impact
July, 2024
Richmond Olympiad Gymnastic Club Inc's impact is evident through its dedicated efforts to develop, teach, and train amateur gymnastic athletes. During the fiscal year, the club successfully coached and trained numerous gymnastic students, with 80 of them qualifying and competing in the VA State Championships. Additionally, 4 students from the club qualified and competed in the VA Regionals, showcasing the effectiveness of the club's training programs. Through its mission to nurture and support aspiring gymnasts, Richmond Olympiad Gymnastic Club Inc is making a positive impact on the local gymnastics community in Richmond, VA.
This information is meant to be a general summary of Richmond Olympiad Gymnastic 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.
- Gross Receipts: $478,815
Assets and Liabilities:
- Total Assets: $48,087
- Total Liabilities: $421
- Net Assets: $47,666
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Organization Details
Founding Year
1975
Principal Officer
Gordon Shaw
Website
www.richmondolympiad.comNTEE Category
Code: N60 - Recreation
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