Nonprofit · EIN 35-1757753
USA GYMNASTICS FOUNDATION INC
Tax-exempt · INDIANAPOLIS, IN 46204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,489,596 | $729,276 | $760,320 | $5,033,290 | $245,478 | $4,787,812 |
| December 31, 2023 | 990 | $293,537 | $657,711 | -$364,174 | $4,564,954 | $243,125 | $4,321,829 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $474,929
- Program service revenue
- $0
- Investment income
- $1,014,667
- Net gain from sales of assets
- $851,246
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $326,108
- Compensation of officers, directors and key employees
- $134,984
- Salaries, compensation and benefits (total)
- $144,766
- Professional fundraising fees
- $0
- Legal fees
- $33,788
- Accounting fees
- $32,635
- Travel
- $20,197
- Program services (functional)
- $326,175
- Management and general (functional)
- $403,101
Balance sheet and other
- Total assets, start of year
- $4,564,954
- Total assets, end of year
- $5,033,290
- Total liabilities, end of year
- $245,478
- Net assets, end of year
- $4,787,812
- Publicly traded securities
- $4,644,411
- Net assets without donor restrictions
- $3,821,510
- Net assets with donor restrictions
- $966,302
- Gross receipts
- $7,434,724
- Employees
- 1
- Volunteers
- 11
- Year formed
- 1988
- State of legal domicile
- IN
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Jennifer Bedsole | Chief Financial Officer Officer | 5 | $0 | $147,686 | $27,147 |
| Debbie Hesse | Executive Director Officer | 40 | $127,872 | $0 | $7,112 |
| George Paraja | Treasurer (part year) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Jess Zeiss | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| John Deary | Vice Chair (part year), Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Kimberly Till | Director (part year), Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Kristin Allen | Chair (part year) Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Patti Conner | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Ashley Davis | Director Trustee or director | 1 | $0 | $0 | $0 |
| Carly Patterson | Director Trustee or director | 1 | $0 | $0 | $0 |
| Dan Bachman | Director (part year) Trustee or director | 1 | $0 | $0 | $0 |
| Elodie Dupuy | Director Trustee or director | 1 | $0 | $0 | $0 |
| Jim Morris | Director Trustee or director | 1 | $0 | $0 | $0 |
| Leslie Ferraro | Director Trustee or director | 1 | $0 | $0 | $0 |
| Molly Parker Prince | Director Trustee or director | 1 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sallie Weaver | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRISTIN ALLEN | CHAIR Trustee or director, Officer | 3 | $0 |
| JOHN DEARY | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| GEORGE PARAJA | TREASURER Trustee or director, Officer | 1 | $0 |
| PATTI CONNER | SECRETARY (AS OF 3/23) Trustee or director, Officer | 1 | $0 |
| SALLIE WEAVER | SECRETARY (THRU 2/23) Trustee or director, Officer | 1 | $0 |
| DAN BACHMAN | DIRECTOR Trustee or director | 1 | $0 |
| ELODIE DUPUY | DIRECTOR Trustee or director | 1 | $0 |
| JIM MORRIS | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1099 N MERIDIAN ST STE 800, INDIANAPOLIS, IN 46204-1046
- In care of
- % JENNIFER BEDSOLE
- Principal officer (990 for 2024)
- Debbie Hesse, 1099 N Meridian St 800, Indianapolis, IN 46204
- Signed the 990
- Debbie Hesse, Executive Director
- Phone
- (317) 237-5050
- Website
- www.gymnasticsfoundation.org
- Return prepared by
- CRI Capin Crouse Advisors LLC
Mission
The mission of the USA Gymnastics Foundation is to raise funds to inspire world-class achievement at all levels of the sport and in life.
Program accomplishments
- The Foundation provides grants to USA Gymnastics, its supported organization, to support its efforts in operating as the National Governing Body for the sport of gymnastics and to accomplish its mission of building a community and culture of health, safety, and excellence where athletes can thrive in sport and in life. The foundation also provides grants to (I) athletes for education and training purposes, and (II) to support continuation and initiation of collegiate gymnastics programs to promote the sport of gymnastics in furtherance of USA Gymnastics purposes.Expenses $326,175 · grants $326,108
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-1757753
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N70)
- Assets (IRS master file)
- $5,033,290
- Income (IRS master file)
- $7,434,724
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,489,596 | $729,276 | $5,033,290 | XML |
| 990 | December 2023 | $293,537 | $657,711 | $4,564,954 | XML |
| 990 | December 2022 | $145,985 | $632,093 | $4,385,717 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 35-1757753).
Questions about USA GYMNASTICS FOUNDATION INC
- What is the EIN of USA GYMNASTICS FOUNDATION INC?
- The employer identification number (EIN) of USA GYMNASTICS FOUNDATION INC is 35-1757753.
- Is USA GYMNASTICS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to USA GYMNASTICS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does USA GYMNASTICS FOUNDATION 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 USA GYMNASTICS FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did USA GYMNASTICS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of USA GYMNASTICS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Debbie Hesse.
- Who are the officers and directors of USA GYMNASTICS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization.
- How much revenue does USA GYMNASTICS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,489,596, expenses of $729,276 and total assets of $5,033,290 at year end.
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