Nonprofit · EIN 23-2046090
PARKETTE NATIONAL GYMNASTIC TEAM INC
Tax-exempt · ALLENTOWN, PA 18102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $2,275,616 | $2,307,984 | -$32,368 | $2,480,410 | $326,537 | $2,153,873 |
| August 31, 2024 | 990 | $2,361,331 | $2,317,962 | $43,369 | $2,446,621 | $300,680 | $2,145,941 |
| August 31, 2023 | 990 | $2,343,101 | $2,215,776 | $127,325 | $2,356,473 | $294,240 | $2,062,233 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $12,049
- Program service revenue
- $2,110,063
- Investment income
- $61,896
- Net income from fundraising events
- $74,508
- Other revenue
- $91,608
Expenses
- Grants and similar amounts paid
- $1,063
- Compensation of officers, directors and key employees
- $250,540
- Other salaries and wages
- $876,774
- Salaries, compensation and benefits (total)
- $1,239,559
- Professional fundraising fees
- $0
- Legal fees
- $32,483
- Accounting fees
- $19,500
- Travel
- $44,505
- Depreciation
- $37,201
- Program services (functional)
- $1,819,886
- Management and general (functional)
- $486,189
- Fundraising (functional)
- $1,909
Balance sheet and other
- Total assets, start of year
- $2,446,621
- Total assets, end of year
- $2,480,410
- Total liabilities, end of year
- $326,537
- Net assets, end of year
- $2,153,873
- Land, buildings and equipment
- $314,507
- Publicly traded securities
- $1,253,715
- Net assets without donor restrictions
- $2,153,873
- Gross receipts
- $2,401,245
- Employees
- 68
- Volunteers
- 125
- Year formed
- 1974
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Donna Strauss | Board Member Trustee or director | 40 | $79,000 |
| William Strauss | Board Member Trustee or director | 40 | $67,500 |
| Hilary Marquardt | Board Member Trustee or director | 40 | $64,625 |
| Stephanie Cipolloni | Board Member Trustee or director | 40 | $39,415 |
| Kurt Feldman | President Trustee or director, Officer | 2 | $0 |
| Daniel Dawson | Treasurer Trustee or director, Officer | 2 | $0 |
| Melissa Leary | Treasurer Trustee or director, Officer | 2 | $0 |
| Laurie Gombert | Secretary Trustee or director, Officer | 2 | $0 |
| Elizabeth Posocco | Board Member Trustee or director | 1 | $0 |
990 for the year ended August 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DONNA STRAUSS | BOARD MEMBER Trustee or director | 40 | $80,494 |
| WILLIAM STRAUSS | PRESIDENT /C Trustee or director, Officer | 40 | $68,994 |
| KURT FELDMAN | CO-CHAIRMAN Trustee or director, Officer | 2 | $0 |
| DANIEL DAWSON | TREASURER Trustee or director, Officer | 2 | $0 |
| STEPHANIE CIPOLLONI | BOARD MEMBER Trustee or director | 1 | $0 |
| LAURIE GOMBERT | BOARD MEMBER Trustee or director | 1 | $0 |
| MELISSA LEARY | BOARD MEMBER Trustee or director | 1 | $0 |
| HILARY MARQUARDT | BOARD MEMBER Trustee or director | 40 | $0 |
| ELIZABETH POSOCCO | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended August 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DONNA STRAUSS | BOARD MEMBER Trustee or director | 40 | $74,000 | $424 |
| HILARY MARQUARDT | BOARD MEMBER Trustee or director | 40 | $64,000 | $0 |
| WILLIAM STRAUSS | PRESIDENT /C Trustee or director, Officer | 40 | $62,500 | $424 |
| KURT FELDMAN | CO-CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| DANIEL DAWSON | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| STEPHANIE CIPOLLONI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BARRY GAAL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LAURIE GOMBERT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FRANK NACCI | FRANK NACCI Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 401 MARTIN LUTHER KING JR DR, ALLENTOWN, PA 18102-5407
- Signed the 990
- Jeff Bell, Executive Director
- Phone
- (610) 433-0011
- Website
- www.parkettes.com
- Return prepared by
- Lear & Pannepacker LLP
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 disciplined training regiment that enhances any athletic endeavor. A learning experience with emphasis on the
Program accomplishments
- 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 disciplined training regiment that enhances any athletic endeavor. A learning experience with emphasis on the values of responsibility, comppetitiveness, dedication and goal setting, which can be retained throughout adulthood. A community resource that promotes the Lehigh Valley by increasing its exposure nationally and internationally. Exhibitions for schools, service organizations, and community events to promote public awareness of the importance of physical fitness, and to offer positive role models to aid in the social development of area youth. The resources to aid young gymnasts striving for a berth on the Olympic team, a college scholarship, or simply valuable self-esteem.Expenses $1,819,886
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 23-2046090
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1978
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N6XZ)
- Assets (IRS master file)
- $2,480,410
- Income (IRS master file)
- $2,401,245
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $2,275,616 | $2,307,984 | $2,480,410 | XML |
| 990 | August 2024 | $2,361,331 | $2,317,962 | $2,446,621 | XML |
| 990 | August 2023 | $2,343,101 | $2,215,776 | $2,356,473 | XML |
| 990 | August 2022 | $2,355,294 | $2,231,344 | $2,230,871 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2046090).
Questions about PARKETTE NATIONAL GYMNASTIC TEAM INC
- What is the EIN of PARKETTE NATIONAL GYMNASTIC TEAM INC?
- The employer identification number (EIN) of PARKETTE NATIONAL GYMNASTIC TEAM INC is 23-2046090.
- Is PARKETTE NATIONAL GYMNASTIC TEAM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
- Are donations to PARKETTE NATIONAL GYMNASTIC TEAM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PARKETTE NATIONAL GYMNASTIC TEAM INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PARKETTE NATIONAL GYMNASTIC TEAM INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PARKETTE NATIONAL GYMNASTIC TEAM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who are the officers and directors of PARKETTE NATIONAL GYMNASTIC TEAM INC?
- The 990 for the year ended August 31, 2025 lists 9 people; 4 received compensation from the organization, the highest $79,000 (Donna Strauss, Board Member).
- How much revenue does PARKETTE NATIONAL GYMNASTIC TEAM INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $2,275,616, expenses of $2,307,984 and total assets of $2,480,410 at year end.
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