Civic Intelligence

National Gymnastics Foundation Inc

EIN 35-1757753 • 501(c)3 • Indianapolis, IN

Profile

The mission of the national gymnastics foundation is to provide for the sustainability and promotion of the sport, and support the ongoing education and outreach efforts of usa gymnastics.

1099 N Meridian St 800Indianapolis, IN 46204

www.gymnasticsfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

36th percentile

0.05x

Higher debt load relative to assets than 36% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.16x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

89th percentile

51%

Higher net margin than 89% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

67th percentile

$174,833

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 11.7% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

67th percentile

10%

Faster asset growth than 67% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

407%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,033,290

Up $468,336 (+10%) from 2023

Liabilities

Up

$245,478

Up $2,353 (+1.0%) from 2023

Net Assets

Up

$4,787,812

Up $465,983 (+11%) from 2023

Revenue

Up

$1,489,596

Up $1,196,059 (+407%) from 2023

Expenses

Up

$729,276

Up $71,565 (+11%) from 2023

Net Income

Up

$760,320

Up $1,124,494 (+309%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $5,675,680Liabilities 2010: $341,339Net Assets 2010: $5,334,3412010Assets 2011: $5,726,534Liabilities 2011: $617,311Net Assets 2011: $5,109,2232011Assets 2012: $8,869,804Liabilities 2012: $461,426Net Assets 2012: $8,408,3782012Assets 2013: $10,887,948Liabilities 2013: $155,819Net Assets 2013: $10,732,1292013Assets 2014: $16,241,547Liabilities 2014: $167,952Net Assets 2014: $16,073,5952014Assets 2015: $15,610,976Liabilities 2015: $769,536Net Assets 2015: $14,841,4402015Assets 2016: $16,277,377Liabilities 2016: $788,721Net Assets 2016: $15,488,6562016Assets 2017: $18,169,704Liabilities 2017: $1,508,397Net Assets 2017: $16,661,3072017Assets 2018: $14,270,008Liabilities 2018: $664,272Net Assets 2018: $13,605,7362018Assets 2019: $12,719,305Liabilities 2019: $753,121Net Assets 2019: $11,966,1842019Assets 2020: $5,832,806Liabilities 2020: $690,619Net Assets 2020: $5,142,1872020Assets 2021: $5,763,181Liabilities 2021: $416,725Net Assets 2021: $5,346,4562021Assets 2022: $4,385,717Liabilities 2022: $216,649Net Assets 2022: $4,169,0682022Assets 2023: $4,564,954Liabilities 2023: $243,125Net Assets 2023: $4,321,8292023Assets 2024: $5,033,290Liabilities 2024: $245,478Net Assets 2024: $4,787,8122024

Highlighted filing

2024

Assets$5,033,290
Liabilities$245,478
Net Assets$4,787,812

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0M-$10MExpenses 2010: $333,4802010Expenses 2011: $516,0292011Expenses 2012: $495,0302012Revenue 2013: $2,616,381Expenses 2013: $534,219Net Income 2013: $2,082,1622013Revenue 2014: $6,194,347Expenses 2014: $625,363Net Income 2014: $5,568,9842014Revenue 2015: $927,655Expenses 2015: $867,387Net Income 2015: $60,2682015Revenue 2016: -$65,410Expenses 2016: $938,878Net Income 2016: -$1,004,2882016Revenue 2017: $892,963Expenses 2017: $1,036,294Net Income 2017: -$143,3312017Revenue 2018: $1,787,271Expenses 2018: $2,722,685Net Income 2018: -$935,4142018Revenue 2019: $2,507,041Expenses 2019: $4,332,015Net Income 2019: -$1,824,9742019Revenue 2020: -$52,929Expenses 2020: $6,861,447Net Income 2020: -$6,914,3762020Revenue 2021: $1,072,081Expenses 2021: $688,173Net Income 2021: $383,9082021Revenue 2022: $145,985Expenses 2022: $632,093Net Income 2022: -$486,1082022Revenue 2023: $293,537Expenses 2023: $657,711Net Income 2023: -$364,1742023Revenue 2024: $1,489,596Expenses 2024: $729,276Net Income 2024: $760,3202024

Highlighted filing

2024

Revenue$1,489,596
Expenses$729,276
Net Income$760,320

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.03$0.25$4.79$1.49$0.73$0.76
2023Detailed filing. Detailed filing data is available for this year.$4.56$0.24$4.32$0.29$0.66$0.36
2022Detailed filing. Detailed filing data is available for this year.$4.39$0.22$4.17$0.15$0.63$0.49
2021Detailed filing. Detailed filing data is available for this year.$5.76$0.42$5.35$1.07$0.69$0.38
2020Detailed filing. Detailed filing data is available for this year.$5.83$0.69$5.14$0.05$6.86$6.91
2019Detailed filing. Detailed filing data is available for this year.$12.7$0.75$12.0$2.51$4.33$1.82
2018Detailed filing. Detailed filing data is available for this year.$14.3$0.66$13.6$1.79$2.72$0.94
2017Detailed filing. Detailed filing data is available for this year.$18.2$1.51$16.7$0.89$1.04$0.14
2016Detailed filing. Detailed filing data is available for this year.$16.3$0.79$15.5$0.07$0.94$1.00
2015Detailed filing. Detailed filing data is available for this year.$15.6$0.77$14.8$0.93$0.87$0.06
2014Detailed filing. Detailed filing data is available for this year.$16.2$0.17$16.1$6.19$0.63$5.57
2013Detailed filing. Detailed filing data is available for this year.$10.9$0.16$10.7$2.62$0.53$2.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.87$0.46$8.41$0.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.73$0.62$5.11$0.52
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.68$0.34$5.33$0.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 9, 2025
Return Version
2024v5.1
Gross Receipts
$7,434,724
Mission and Program Overview

Mission

The mission of the national gymnastics foundation is to provide for the sustainability and promotion of the sport of gymnastics and support the ongoing education and outreach efforts of usa gymnastics.

The USA Gymnastics Foundation raises funds to inspire world-class achievement at all levels of the sport and in life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,335,118$4,644,411▲ $309,293
Cash and Non-Interest-Bearing Accounts$192,271$236,768▲ $44,497
Accounts Receivable$3,760$152,111▲ $148,351
Prepaid Expenses and Deferred Charges$33,805--
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net-$0-
Loans From Officers Directors-$0-
Total Assets$4,564,954$5,033,290▲ $468,336
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$136,890$147,000▲ $10,110
Accounts Payable and Accrued Expenses$106,235$98,478▼ $7,757
Total Liabilities$243,125$245,478▲ $2,353
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,411,909$3,821,510▲ $409,601
Net Assets With Donor Restrictions$909,920$966,302▲ $56,382
Total Net Assets Fund Balance$4,321,829$4,787,812▲ $465,983
Total Liabilities and Net Assets / Fund Balance$4,564,954$5,033,290▲ $468,336
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Debbie HesseExecutive DirectorFT$127,872$7,112$134,984

Board Members and Trustees

NameTitle
Kristin AllenChair (part year)
Kimberly TillDirector (part year), Vice Chair
John DearyVice Chair (part year), Chair
Ashley DavisDirector
Carly PattersonDirector
Elodie DupuyDirector
Jim MorrisDirector
Leslie FerraroDirector
Molly Parker PrinceDirector
Sallie WeaverDirector
Dan BachmanDirector (part year)
Jennifer BedsoleChief Financial Officer
Patti ConnerSecretary
Jess ZeissTreasurer
George ParajaTreasurer (part year)
Revenue and Support

Revenue Composition

Contributions and Grants
$474,929
Program Service Revenue
$0
Investment Income
$1,014,667
Other Revenue
$0
All Other Contributions
$474,929
Change in Net Assets
$760,320

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,446,138
Revenue Not Reported on Financial Statements
$43,458
Revenue Not Reported on Form 990
$-294,337
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,151,801
Total Revenue per Form 990
$1,489,596
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$326,108
Other Expenses$258,402
Salaries, Compensation, and Employee Benefits$144,766
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$179,108--$179,108
Grants to Domestic Orgs$147,000--$147,000
Current Officers, Directors, Trustees, and Key Employees-$134,984-$134,984
Fees for Services Other$0$54,502$0$54,502
Fees for Service Investment Mgmnt Fees-$43,458-$43,458
Insurance-$33,805-$33,805
Fees for Services Legal-$33,788-$33,788
Fees for Services Accounting-$32,635-$32,635
All Other Expenses$67$28,782$0$28,849
Travel-$20,197-$20,197
Payroll Taxes-$9,782-$9,782
Information Technology-$7,500-$7,500
Office Expenses-$3,668-$3,668
Total Functional Expenses$326,175$403,101$0$729,276

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$729,276
Expenses per Audited Statements$685,818
Total Expenses per Audited Statements$685,818
Expenses Not Reported on Financial Statements$43,458
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
USA GymnasticsIndianapolis, IN501(c)(3)Operating Support, Mens' program expansion efforts, Elite Team Cup Entries and Travel Support$147,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$147,000
Due to related organization-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15B

The organization does not compensate any other officers or key employees. Therefore, this line was answered no in accordance with the instructions

Form 990, Part VI, Line 15A

The full Board of Directors analyzes, reviews and ultimately determines compensation for the Executive Director of the organization.

Form 990, Part VI, Line 4 Significant changes to organizational documents

The organization amended its Articles of Incorporation and Bylaws due to a change in the organization's name.

Form 990, Part VI, Line 6 Classes of members or stockholders

USA Gymnastics is the sole member of the USA Gymnastics Foundation.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

As the sole member of the USA Gymnastics Foundation, USA Gymnastics has the authority to elect the members of the Board of Directors.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

USA Gymnastics has the right to approve any changes to the Foundation's articles of incorporation and bylaws. Further, as the sole member of the Foundation, USA Gymnastics also has certain approval rights granted under the Indiana Nonprofit Act to approve a dissolution, a merger or a sale of substantially all of the assets of the Foundation.

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

The organization has no committees with authority to act on behalf of the governing body. Therefore, this line was answered no in accordance with the instructions.

Form 990, Part VI, Line 11B Review of form 990 by governing body

Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS.

Form 990, Part VI, Line 12C Conflict of interest policy

The Foundation's conflict of interest policy requires disclosure of conflicts and completion of an annual statement regarding financial interests. Further, at each meeting the Foundation requests that each Officer and Director disclose any potential conflict associated with any agenda item. The Senior Council and Governance Committee is responsible for reviewing the signed statments and ensuring that interested persons are in compliance with the conflict of interest policy.

Form 990, Part VI, Line 19 Required documents available to the public

The governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
USA Gymnastics Foundation Inc
EIN
35-1757753
Phone
3172375050
Address
1099 N Meridian St 800, Indianapolis, IN 46204

Signing Officer

Name
Debbie Hesse
Title
Executive Director
Phone
3172375050
Signed
2025-09-09
Discuss with paid preparer
Yes

Organization Details

Formed
1988
Legal Domicile
In
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
11

Preparer

Firm
CRI Capin Crouse Advisors LLC
Address
345 Massachusetts Ave Suite 300, Indianapolis, IN 46204
Preparer
Daren Daiga
Phone
5055022746
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A

Staff are compensated by a related organization, USA Gymnastics. USA Gymnastics files all required payroll information returns as required by the IRS. As such, due to common paymaster rules as instructed by the IRS, the number of employees reported represent the number of employees who work for the filing organization but are compensated by a related organization. USA Gymnastics Foundation reimburses USA Gymnastics for the employees' compensation and the reimbursements are reported on 990 Part VII, Section A and 990 Part IX, Lines 5 - 10.

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