GYMJAM FOUNDATION: Form 990EZ, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
GYMJAM FOUNDATION (EIN 06-1786827)
Tax period
2012-08-01 to 2013-07-31
Filed
2013-12-13
IRS object ID
201323479349200027
Schema version
2012v2.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2013-12-13T16:19:54-08:00Timestamp
Tax Period End Date2013-07-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1Chan CPA & Company IncBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line116450 Los Gatos Blvd Suite 101AddressLine1
CityLos GatosCity
StateCAState
ZIP Code950325594ZIPCode
FieldValueIRS element (for citing)
Return Type990EZReturnType
Tax Period Begin Date2012-08-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN061786827EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1GymJam FoundationBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlGYMJNameControl
Phone6612513390Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line126515 Reuther AveAddressLine1
CitySanta ClaritaCity
StateCAState
ZIP Code91350ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameManfred C WallerName
TitlePresidentTitle
Date Signed2013-12-13DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameDiana Gong Chan CPAName
PTINP01220626PTIN
Phone4083581591Phone
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-03-07 17:11:31ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashXMethodOfAccountingCash
Schedule B Not RequiredXScheduleBNotRequired
Web SiteN/AWebSite
Organization501c3XOrganization501c3
Gross Receipts189129GrossReceipts
Info In Schedule O Part IXInfoInScheduleOPartI
Program Service Revenue188869ProgramServiceRevenue
Cost Other Basis And Sales Expenses0CostOtherBasisAndSalesExpenses
Fundraising Gross Income0FundraisingGrossIncome
Special Events Direct Expenses0SpecialEventsDirectExpenses
Cost Of Goods Sold0CostOfGoodsSold
Other Revenue Total260OtherRevenueTotal
Total Revenue189129TotalRevenue
Salaries Other Comp Empl Benefits2025SalariesOtherCompEmplBenefits
Fees And Oth Pymt To Ind Contractors2671FeesAndOthPymtToIndContractors
Printing Publications Postage135PrintingPublicationsPostage
Other Expenses Total187189OtherExpensesTotal
Total Expenses192020TotalExpenses
Excess Or Deficit For Year-2891ExcessOrDeficitForYear
Net Assets Or Fund Balances BOY75200NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY72309NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIXInfoInScheduleOPartII

Cash Savings And Investments CashSavingsAndInvestments

FieldValueIRS element (for citing)
BOY9574BOY
EOY5772EOY

Land And Buildings LandAndBuildings

FieldValueIRS element (for citing)
BOY73062BOY
EOY66537EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY82636BOY
EOY72309EOY

Sum Of Total Liabilities SumOfTotalLiabilities

FieldValueIRS element (for citing)
BOY7436BOY

Net Assets Or Fund Balances NetAssetsOrFundBalances

FieldValueIRS element (for citing)
BOY75200BOY
EOY72309EOY
FieldValueIRS element (for citing)
Primary Exempt PurposeTHE PRIMARY OBJECTIVES AND PURPOSES OF THE FOUNDATION SHALL BE TO FOSTER NATIONAL AND INTERNATIONAL AMATEUR SPORTS COMPETITION AS WELL AS CONDUCT NATIONAL OR INTERNATIONAL COMPETITION AND SUPPORT AND DEVELOP AMATEUR ATHLETES FOR COMPETION. AS SUCH, THE ACTIVITIES OF THE FOUNDATION INCLUDES FUNDRAISING TO ASSIST IN PAYING COSTS FOR MEET FEES, JUDGES FEES, COACHES FEES, TRAVEL EXPENSES, FOOD COSTS, INSURANCE, PROFESSIONAL DEVELOPMENT, PROFESSIONAL SERVICES; HOSTING GYMNASTICS MEETS; PROVIDING ATHLETES WITH SPONSORSHIP FOR NATIONAL AND INTERNATIONAL COMPETITION, AND OTHER EXPENDITURES AND ACTIVITIES EITHER DIRECTLY OR INDERECTLY ASSOCIATED WITH THE PURPOSE OF THE FOUNDATION AS OUTLINED IN THE ARITICLES OF INCORPORATIONPrimaryExemptPurpose

Program Service Accomplishment ProgramServiceAccomplishment

FieldValueIRS element (for citing)
Description Program Service AccomThe Foundation serves approximately 100-120 competitive athletes per year. Since 2006 the competitive teams have produced over 140 State Champions, 38 Regional Champions, 18 National Champions, three National Team Members and sent 14 high school graduates onto collegiate gymnastics teams (four with full-ride athletes scholarships and 10 walk-on positions), with more graduating this year."DescriptionProgramServiceAccom

Officer Director Trustee Key Empl OfficerDirectorTrusteeKeyEmpl (2 entries)

TitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensation
Cynthia Waller
Sec & Treasurer15.000
Manfred C Waller
President5.002025
FieldValueIRS element (for citing)
Info In Schedule O Part VXInfoInScheduleOPartV
Activities Not Previously RptfalseActivitiesNotPreviouslyRpt
Made Changes To Orgnzng Etc DocfalseMadeChangesToOrgnzngEtcDoc
Organization Had UBIfalseOrganizationHadUBI
Organization Filed990 TfalseOrganizationFiled990T
Subject To Proxy TaxfalseSubjectToProxyTax
Organization Dissolved EtcfalseOrganizationDissolvedEtc
Did Org File Form1120 POL This YearfalseDidOrgFileForm1120POLThisYear
Made Loans To From OfficersfalseMadeLoansToFromOfficers
Initiation Fees And Capital Contri0InitiationFeesAndCapitalContri
Gross Receipts For Public Use0GrossReceiptsForPublicUse
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTrans
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonCynthia WallerNamePerson

Address US AddressUS

FieldValueIRS element (for citing)
Address Line126515 Reuther AveAddressLine1
CitySanta Clarita AveCity
StateCAState
ZIP Code91350ZIPCode
FieldValueIRS element (for citing)
Telephone Number6612513390TelephoneNumber
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccount
Foreign OfficefalseForeignOffice
Maintain Any Donor Advised FundsfalseMaintainAnyDonorAdvisedFunds
Does Org Have HospitalfalseDoesOrgHaveHospital
Tanning Services ProvidedfalseTanningServicesProvided
Form720 FiledfalseForm720Filed
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transaction With Control EntityfalseTransactionWithControlEntity
Engage Political Cmpgn ActivitiesfalseEngagePoliticalCmpgnActivities
Engage In Lobbying ActivitiesfalseEngageInLobbyingActivities
Operating SchooltrueOperatingSchool
Trnsfrs Exempt Non Char Related OrgfalseTrnsfrsExemptNonCharRelatedOrg
Related Org Section527 OrgfalseRelatedOrgSection527Org
Part VI Of Comp Of Highest Paid EmplNONEPartVIOfCompOfHighestPaidEmpl
Part VIA Hghst Paid Cntrct Prof SerNONEPartVIAHghstPaidCntrctProfSer
Filed Schedule AtrueFiledScheduleA

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
School170b1 AiiXSchool170b1Aii

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmttrueNondiscriminatoryPolicyStmt
Policy Statement In Brochures EtctruePolicyStatementInBrochuresEtc
Policy Publ Via Broadcast MediatruePolicyPublViaBroadcastMedia
Maint Racial Composition RecordstrueMaintRacialCompositionRecords
Maint Scholarships RecordstrueMaintScholarshipsRecords
Maint Copies Of Brochures EtctrueMaintCopiesOfBrochuresEtc
Maint Copies Of All SolicitationstrueMaintCopiesOfAllSolicitations
Discriminate Race Students RightsfalseDiscriminateRaceStudentsRights
Discriminate Race Admiss PoliciesfalseDiscriminateRaceAdmissPolicies
Discriminate Race Emplmn FacultyfalseDiscriminateRaceEmplmnFaculty
Discriminate Race ScholarshipsfalseDiscriminateRaceScholarships
Discriminate Race Educ PoliciesfalseDiscriminateRaceEducPolicies
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFclts
Discriminate Race Athletic ProgfalseDiscriminateRaceAthleticProg
Discriminate Race Other ActyfalseDiscriminateRaceOtherActy
Government Financial Aid ReceivedfalseGovernmentFinancialAidReceived
Government Financial Aid RevokedfalseGovernmentFinancialAidRevoked
Compliance With Rev Proc7550trueComplianceWithRevProc7550

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (14 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
Form 990-EZ, Part II, Line 26.1003Total Liabilities.1003Deferred Revenue - Beginning $7436 Deferred Revenue - Ending $0
Form 990-EZ, Part I, Line 16.11Other Expenses.11Bank Charges $11
Form 990-EZ, Part I, Line 16.10Other Expenses.10Taxes $19
Form 990-EZ, Part I, Line 16.9Other Expenses.9License & Permits $70
Form 990-EZ, Part I, Line 16.7Other Expenses.7Coaches Education $1294
Form 990-EZ, Part I, Line 16.6Other Expenses.6Team Meet Entries $1830
Form 990-EZ, Part I, Line 16.5Other Expenses.5Team Expenses $1993
Form 990-EZ, Part I, Line 16.4Other Expenses.4Membeship Fees $2445
Form 990-EZ, Part I, Line 16.3Other Expenses.3SCRIP $3363
Form 990-EZ, Part I, Line 16.2Other Expenses.2Gym Supplies $15028
Form 990-EZ, Part I, Line 16.1Other Expenses.1Hosted Meet Expenses $154600
Form 990-EZ, Part I, Line 16.1009Other Expenses.1009Depreciation $6525
Form 990-EZ, Part I, Line 16.1002Other Expenses.1002Office Expenses $11
Form 990-EZ, Part I, Line 8.1Other Revenue.1Miscellaneous Income $260

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