GymJam Foundation

Nonprofit profile at a glance

EIN
061786827
IRS 990-EZ coverage
2011–2024
Forms available
Form 990 2023, Form 990-EZ 2024
Location
Oceanside, CA, USA
Phone
6612513390
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Amateur Sports

Reported finances

Revenue
$156,115
Expenses
$158,473
Assets
$25,507

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • Manfred C Waller (President)

People named in this filing

  • Manfred C Waller (President)
  • Cynthia Waller (Sec & Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The 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 competition. 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 indirectly associated with the purpose of the foundation as outlined in the articles of incorporation

What it reported doing in 2024

The Foundation serves approximately 150 competitive athletes per year. Since 2006 the competitive teams have produced approximately 350 State Champions, 160+ Regional Champions, 35 National Champions, 15 National Team Members/Developmental Team Members and sent 60 high school graduates onto collegiate gymnastics teams (20+ with full-ride athletic scholarships).The Foundation also supports 501c3 organization, Camp del Corazon, a camp for children with congenital heart disease.GymJam Foundation has donated nearly $150,000 to non-profit groups since its inception.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 74
  • Sustainability: 26
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86%; rating input score 86
  • Program expense ratio: 84.7%; rating input score 85

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 1st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -1.5%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 0.16; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -0% per year; rating input score 0; 30th percentile among comparable filings
  • Revenue growth: 2.5% per year; rating input score 100; 34th percentile among comparable filings
  • Asset growth: -6.4% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: 86% of revenue deployed · 84.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $134K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 29/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • High — Growth: Asset growth scored 0/100.