Berks Gymanastic Team Inc in Reading, Pennsylvania (PA)

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Berks Gymanastic Team Inc
Employer Identification Number (EIN)232921849
Name of OrganizationBerks Gymanastic Team Inc
In Care of NameJames Urbaniak
Address325 Morgantown Rd, Reading, PA 19611-2058
ActivitiesTraining in sports
SubsectionCharitable Organization
Ruling Date06/1998
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period04/2014
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$129,864
Amount of Income$350,076
Form 990 Revenue Amount$208,998
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Amateur Sports Competitions


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Amount of income in 2014: $350,076 (it was $329,372 in 2013)
This organization: 

 $350,076
Other organizations performing similar types of work: 

 $267,199

Assets in 2014: $129,864 (it was $100,673 in 2013)
This organization: 

 $129,864
Other organizations performing similar types of work: 

 $97,937

Expenses in 2014: $179,805
Berks Gymanastic Team Inc: 

 $179,805
Other organizations performing similar types of work: 

 $223,347

Income to expenses ratio in 2014: 1.9
Berks Gymanastic Team Inc: 

 1.9
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2014: 4.5%
This organization: 

 4.5%
Other organizations performing similar types of work: 

 41.9%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYesYes
Is the organization required to complete Schedule B, Schedule of Contributors?NoNoNo
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNoNo
Did the organization report an amount for land, buildings, and equipment?YesYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other liabilities?NoNoNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesNoNo
Did the organization obtain separate, independent audited financial statements for the tax year?YesNoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYesNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNoNo
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNoYes
A family member of a current or former officer, director, trustee, or key employee?NoNoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?YesYesYes
Did the organization receive more than $25,000 in non-cash contributions?NoNoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?NoNoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
2011201220132014
The number reported in Box 3 of Form 1096000
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNoNo
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return320
Did the organization file all required federal employment tax returns?YesYesNo
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNoNo
Has it filed a Form 990-T for this year?NoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNoNo
Did the organization notify the donor of the value of the goods or services provided?NoNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$0$0$0
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$0$0$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization000
Total number of independent contractors who received more than $100,000 of compensation from the organization000
Statement of Revenue
2011201220132014
Total revenue$221,864$177,035$184,402$208,998
Contributions, Gifts, Grants and Other Similar Amounts$9,645$9,413$6,427$9,509
Program Service Revenue$158,319$98,947$120,422$122,364
519100$66,849$84,421$80,843
Golf Courses and Country Clubs$31,219$35,252$40,547
900099$879$749$974
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$172$146$81$80
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$0$0$0$0
Net gain/loss from sales of assets other than inventory$0$0$0$0
Net income/loss from fundraising events$42,174$50,084$57,275$68,406
Gross income from fundraising events$78,099$86,522$124,597$139,808
Less: direct expenses$35,925$36,438$67,322$71,402
Net income/loss from gaming activities$5,653$6,719$1,445$4,190
Gross income from gaming activities$11,853$12,719$5,945$10,090
Less: direct expenses$6,200$6,000$4,500$5,900
Net income/loss from sales of inventory$5,901$11,726$-1,248$4,449
Gross sales of inventory, less returns and allowances$109,985$163,369$71,900$68,225
Less: cost of goods sold$104,084$151,643$73,148$63,776
Miscellaneous Revenue$0$0$0$0
Statement of Functional Expenses
2011201220132014
Total functional expenses$203,522$166,198$173,281$179,805
Grants and other assistance to domestic organizations and domestic governments$1,500$0$750
Grants and other assistance to domestic individuals$500$500$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$0$0$0$0
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$36,762$38,220$26,020$33,200
Pension plan accruals and contributions$734$734$734
Other employee benefits$0$0$0
Payroll taxes$3,386$3,925$8,180$3,903
Fees for services (non-employees)
Management$0$0$0
Legal$0$0$0
Accounting$5,200$5,550$1,800
Lobbying$0$0$0
Professional fundraising services$0$0$0$0
Investment management fees$0$0$0
Other$720$1,609$0
Advertising and promotion$94$63$52
Office expenses$1,010$0$411
Information technology$0$0$0
Royalties$0$0$0
Occupancy$30,374$29,813$34,290
Travel$0$0$0
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$0$0$5,221
Interest$0$0$0
Payments to affiliates$998$809$1,618
Depreciation, depletion, and amortization$2,524$4,987$5,217
Insurance$0$0$0
Other expenses$36,321$42,046$40,244
Other expenses$29,800$41,720$39,531
Other expenses$3,333$5,206$7,286
Other expenses$3,128$2,746$2,453
Other expenses$0$3,298$3,095
Balance Sheet
2011201220132014
Total assets$78,716$89,553$100,673$129,864
Cash - non-interest-bearing$66,561$68,117$104,872
Savings and temporary cash investments$16,875$16,298$16,326
Pledges and grants receivable, net$0$0$0
Accounts receivable, net$0$0$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$2,186$5,000$2,625
Prepaid expenses and deferred charges$0$0$0
Land, buildings, and equipment: cost or other basis$3,931$11,258$6,041
Investments - publicly traded securities$0$0$0
Investments - other securities$0$0$0
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$0$0$0
Total liabilities$0$0$0$0
Total net assets or fund balances$78,716$89,553$100,673$129,864
Unrestricted net assets$89,303$100,423$129,864
Temporarily restricted net assets$250$250$0
Permanently restricted net assets$0$0$0
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)
2010 - 2014 Total
Public support$1,741,674
Subtotal$1,741,674
Gifts, grants, contributions, and membership fees received$112,803
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$1,067,192
Gross receipts from activities that are not an unrelated trade or business under section 513$561,679
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$1,742,381
Public support$1,741,674
Subtotal$707
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$707
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1United States Judo Inc1 Olympic Plz Bldg 6, Colorado Spgs, CO 80909-5781CO1982-12$3,251,304
2South Atlantic Conference226 N Park Dr, Rock Hill, SC 29730-4292SC1990-09$1,488,346
3South Texas Youth Soccer Assocation, Eastern District Division One Assoc15731 Bougainvilla Ln, Friendswood, TX 77546-2913TX1979-08$987,488
4Pittsburgh Elite Volleyball Association5395 Hacienda Dr, Pittsburgh, PA 15236-2803PA1998-09$923,585
5Section One Inc450 Mamaroneck Avenue, Harrison, NY 10528-2400NY1984-08$890,320
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7Dad Vail Regatta Organizing Committee455 S Gulph Rd Ste 306, Kng Of Prussa, PA 19406-3114PA1991-05$545,953
8Sun Devil Gymnastics Booster Club1871 W Mulberry Dr, Chandler, AZ 85286-6847AZ1994-09$527,245
9Us Swimming Inc, Niagara Swim Committee4988 Long Acre Dr, Syracuse, NY 13215-2319NY2006-03$513,046
10Shoop Sports And Youth Foundation IncPO BOX 332, North Webster, IN 46555-0332IN1971-03$471,043
11Severna Park Swimming Association Inc623 Baltimore Annapolis Blvd, Severna Park, MD 21146-3941MD1995-04$410,574
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13Berks Gymanastic Team Inc325 Morgantown Rd, Reading, PA 19611-2058PA1998-06$350,076
14Us Swimming Inc, Georgia558 Chestnut Hill Ct, Woodstock, GA 30189-6765GA2006-03$345,211
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16Transpacific Yacht Club1508 Santiago Dr, Newport Beach, CA 92660-4948CA1997-06$302,710
17United States Luge Federation Foundation Inc57 Church St, Lake Placid, NY 12946-1805NY1988-04$243,647
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Number of organizations performing similar types of work
Alaska1
Alabama1
Arizona2
California19
Colorado3
Connecticut2
District of Columbia1
Florida9
Georgia7
Iowa2
Illinois3
Indiana2
Kentucky2
Louisiana2
Massachusetts4
Maryland2
Michigan1
Minnesota4
Missouri2
Mississippi1
Montana1
North Carolina8
North Dakota2
Nebraska1
New Hampshire2
New Jersey3
Nevada1
New York5
Ohio8
Oklahoma1
Oregon2
Pennsylvania4
South Carolina1
Tennessee1
Texas7
Utah3
Virginia2
Vermont1
Washington3
Wisconsin4
International2
Total132

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