PARKETTE NATIONAL GYMNASTIC TEAM INC

EIN: 232046090 501(c)(3) Recreation & Sports

ALLENTOWN, PA

Total Revenue
$2,361,331
Total Expenses
$2,317,962
Total Assets
$2,446,621
Net Assets
$2,145,941
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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
PA
Principal Officer
WILLIAM STRAUSS
Phone
6104330011
Tax Period
2023-09-01 to 2024-08-31

PARKETTE NATIONAL GYMNASTIC TEAM INC, founded in 1974, is a community nonprofit in the Recreation & Sports sector that reported $2.4M in total revenue in fiscal year 2023.

Mission

PARKETTES ARE ORGANIZED FOR THE PURPOSE OF PROVIDING ALL BOYS AND GIRLS, REGARDLESS OF AGE, FINANCIAL, MENTAL, OR PHYSICAL ABILITY, THE OPPORTUNITY TO EXPERIENCE THE JOY AND BENEFITS OF GYMNASTICS WHILE BECOMING PART OF OUR FAMILY OF ATHLETES. TOWARD THAT END, THE OFFICERS, DIRECTORS, STAFF, AND VOLUNTEERS ARE COMMITTED TO: PROGRAMS THAT COVER THE ENTIRE RANGE OF YOUTH AND THEIR DEVELOPMENT, BEGINNING WITH PRE-SCHOOL CLASSES, WITH THE OPPORTUNITY FOR ADVANCEMENT TO TEAM PROGRAMS THROUGH WHICH YOUNG ATHLETES MAY ULTIMATELY GAIN NATIONAL, INTERNATIONAL, AND OLYMPIC RECOGNITION. PROGRAMS FOR CHILDREN WHO HAVE SPECIAL PHYSICAL, MENTAL OR EMOTIONAL NEEDS SO THEY MAY GAIN PHYSICAL BENEFITS AND INNER CONFIDENCE THROUGH THE SPORT OF GYMNASTICS. AN ENVIRONMENT TO EXPERIENCE THE IMPORTANCE OF PHYSICAL FITNESS, INCLUDING STRENGTH, BALANCE, FLEXIBILITY, AND COORDINATION, AND THE VALUE OF A DISCIPLE.INED TRAINING REGIMENT THAT ENHANCES ANY ATHLETIC ENDEAVOR. A LEARNING EXPERIENCE WITH EMPHASIS ON T

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,409
Program Service Revenue $2,192,793
Investment Income $85,682
Other Revenue $80,447
TOTAL REVENUE $2,361,331

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,302,118
Fundraising Expenses $7,062
Program Expenses $1,862,429
Other Expenses $1,015,844
TOTAL EXPENSES $2,317,962

Year-over-Year Comparison

2023 2022 Change
Revenue $2,361,331 $2,343,101 +0.0%
Expenses $2,317,962 $2,215,776 +0.0%
Net Income $43,369 $127,325 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
62
Volunteers
200

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$68,994
Total Directors
9
$149,488
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM STRAUSS PRESIDENT /C 40.00
Officer Director
$68,994 $0 $68,994
KURT FELDMAN CO-CHAIRMAN 2.00
Officer Director
$0 $0 $0
DANIEL DAWSON TREASURER 2.00
Officer Director
$0 $0 $0
STEPHANIE CIPOLLONI BOARD MEMBER 1.00
Director
$0 $0 $0
N/A BOARD MEMBER 1.00
Director
$0 $0 $0
N/A BOARD MEMBER 1.00
Director
$0 $0 $0
HILARY MARQUARDT BOARD MEMBER 40.00
Director
$0 $0 $0
ELIZABETH POSOCCO BOARD MEMBER 1.00
Director
$0 $0 $0
DONNA STRAUSS BOARD MEMBER 40.00
Director
$80,494 $0 $80,494
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,361,331 $2,317,962 $2,446,621 $43,369
2023 $2,343,101 $2,215,776 $2,356,473 $127,325
2022 $2,355,294 $2,231,344 $2,230,871 $123,950
2021 $2,115,646 $2,003,248 $2,066,522 $112,398
2020 $1,739,390 $1,967,426 $2,048,197 $-228,036
2019 $2,421,140 $2,490,061 $2,096,594 $-68,921
2018 $2,524,992 $2,513,102 $2,206,366 $11,890
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