Overview
What is Usa Gymnastics?
USA Gymnastics, headquartered in Indianapolis, Indiana, serves as the designated national governing body for gymnastics in the United States. Established by the United States Olympic and Paralympic Committee (USOPC), this nonprofit organization is also the country's representative to the International Gymnastics Federation (FIG). USA Gymnastics is accountable for selecting, developing, and training the national and Olympic gymnastics teams and managing their travel expenses. The organization caters to five gymnastics disciplines: Women's Artistic, Men's Artistic, Rhythmic, Trampoline & Tumbling, and Acrobatics. In addition to its team responsibilities, USA Gymnastics fosters the growth and promotion of gymnastics through athlete and coach development, event sanctioning, safety, and education. The nonprofit has a workforce of approximately 69 employees.
Official website here: www.usagym.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Usa Gymnastics has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in its overall operations and financial management, with a score of 69%. While the organization benefits from 100% independent board members and has solid policies in place regarding conflict of interest and whistleblowing, it struggles with financial transparency, particularly due to the absence of financial statements, which heavily impacted its score.
The charity demonstrates a commendable program expense ratio of 69.45%, suggesting a commitment to its mission-related activities. However, its liabilities to assets ratio is concerning at 120.95%, indicating potential financial instability. High salaries for key executives, including the CEO earning $618,200, raise questions about the allocation of funds and overall financial health.
Despite these challenges, Usa Gymnastics maintains a level of accountability through documented policies and board meeting minutes, contributing to its governance structure. Moving forward, addressing the lack of financial transparency and reassessing executive compensation could help improve its ratings and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Usa Gymnastics legitimate?
Usa Gymnastics is a legitimate nonprofit organization registered as a 501(c)(3) entity. Usa Gymnastics 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: $1,458,923
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,076,326
For more financial information, click here
Official website here: www.usagym.org
What is the mission statement of Usa Gymnastics?
USA Gymnastics serves as the national governing body for the sport of gymnastics in the United States, designated by the US Olympic and Paralympic Committee. Its mission aligns with the Federation Internationale de Gymnastique (FIG), promoting the development of gymnastics globally. USA Gymnastics organizes and supports Olympic and World gymnastics teams, as well as other national teams. The organization prioritizes athlete and coach development, event sanctioning, safety, and education to promote the sport of gymnastics.
Official website here: www.usagym.org
Who is the CEO of Usa Gymnastics?
Li Li Leung is the Chief Executive Officer of Usa Gymnastics. The CEO's salary of Usa Gymnastics is $618,200 and their total compensation is $664,299.
Official website here: www.usagym.org
What is the revenue of Usa Gymnastics?
Usa Gymnastics's revenue in 2022 was $38,155,004.
Official website here: www.usagym.org
Who are the executives of Usa Gymnastics and what are their salaries?
The average compensation at Usa Gymnastics during 2022 was $80,221. There are 69 employees and 3800 volunteers at Usa Gymnastics.
Here are 25 key members and their salaries (Usa Gymnastics's CEO's salary is $618,200 and their total compensation is $664,299):
- Compensation: $618,200
- Related: $0
- Other: $46,099
- Compensation: $291,935
- Related: $0
- Other: $39,156
- Compensation: $253,357
- Related: $0
- Other: $37,654
- Compensation: $257,424
- Related: $0
- Other: $5,329
- Compensation: $214,498
- Related: $0
- Other: $22,456
- Compensation: $182,465
- Related: $0
- Other: $34,954
- Compensation: $165,998
- Related: $0
- Other: $1,027
- Compensation: $162,750
- Related: $0
- Other: $0
- Compensation: $140,512
- Related: $0
- Other: $0
- Compensation: $9,772
- Related: $0
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Official website here: www.usagym.org
Where can I find the form 990 for Usa Gymnastics?
Usa Gymnastics's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.usagym.org
Learn more at the official website: www.usagym.org
Mission Statement of Usa Gymnastics
USA Gymnastics, as the recognized national governing body for gymnastics in the United States, plays a pivotal role in promoting and developing the Olympic sport of gymnastics. Designated by the United States Olympic and Paralympic Committee, USA Gymnastics represents the country in the Federation Internationale de Gymnastique (FIG). The organization's mission extends beyond organizing Olympic and World Gymnastics Teams; it also supports and advances the sport through various initiatives.
USA Gymnastics invests significantly in athlete and coach development, ensuring a continuous pipeline of skilled and dedicated gymnasts and coaches. The organization's efforts extend beyond competitive training, with a focus on safety and education that permeates every aspect of gymnastics in the United States. Moreover, USA Gymnastics oversees event sanctioning, which guarantees that gymnastics competitions meet the highest standards of fairness, safety, and organization.
In summary, USA Gymnastics acts as the driving force behind gymnastics in the United States, overseeing its growth and development at every level. By working closely with the USOPC and the FIG, USA Gymnastics ensures that the sport's Olympic representation remains strong while continuously fostering a vibrant and safe gymnastics community in the United States.
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Impact
October, 2024
USA Gymnastics plays a crucial role in shaping the landscape of gymnastics in the United States. As the designated national governing body for the sport, it holds the responsibility of selecting, developing, and training the national and Olympic teams. This includes significant investments in travel to international competitions, training camps, and providing essential support for athletes and coaches.
The organization covers various gymnastics disciplines, including artistic gymnastics for both men and women, rhythmic gymnastics, trampoline, tumbling, and acrobatics. By facilitating talent identification and development programs, USA Gymnastics cultivates the next generation of gymnasts, ensuring that the sport continues to thrive at all levels.
Moreover, USA Gymnastics is committed to promoting safety and education within the sport, helping to establish standards that protect athletes and enhance their performance. By sanctioning events and supporting coaches, they foster a healthy and competitive environment that encourages growth and achievement. As a representative to the Federation Internationale de Gymnastique (FIG), they also contribute to the global promotion and development of gymnastics, solidifying the United States' position within the international gymnastics community.
In summary, USA Gymnastics significantly impacts both the competitive success of American gymnasts and the foundational structure and growth of the sport across the nation.
This information is meant to be a general summary of Usa Gymnastics. 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 2022.
- Investment Income: $22,174
- Program Service Revenue: $17,986,646
- Gross Receipts: $38,074,860
Assets and Liabilities:
- Total Assets: $15,675,121
- Total Liabilities: $18,960,340
- Net Assets: -$3,285,219
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER SERVICES
Revenue
$12,926,088
NATIONAL EVENT REVENUES
Revenue
$2,479,269
PROGRAM EVENTS & CLINICS
Revenue
$2,110,662
COMMUNICATIONS
Revenue
$470,627
Organization Details
Founding Year
1964
Phone
(317) 237-5050Principal Officer
Li Li Leung
Main Address
1099 N Meridian Suite 800, INDIANAPOLIS, IN, 46204
Website
www.usagym.orgNTEE Category
Code: N700 - Recreation
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