Nonprofit · EIN 35-1909952
GYM RATS INC
Tax-exempt · FORT WAYNE, IN 46898
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $164,425 | $167,788 | -$3,363 | $2,474 | $50,000 | -$47,526 |
| December 31, 2024 | 990 | $113,724 | $121,699 | -$7,975 | $5,837 | $50,000 | -$44,163 |
| December 31, 2023 | 990 | $125,637 | $226,177 | -$100,540 | $13,812 | $50,000 | -$36,188 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $164,425
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,245
- Program services (functional)
- $164,543
- Management and general (functional)
- $3,245
Balance sheet and other
- Total assets, start of year
- $5,837
- Total assets, end of year
- $2,474
- Total liabilities, end of year
- $50,000
- Net assets, end of year
- -$47,526
- Gross receipts
- $164,425
- Employees
- 0
- Volunteers
- 20
- Year formed
- 1994
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM T HENSLEY | PRESIDENT AND CEO Trustee or director, Officer | 10 | $0 |
| JARED QUARLES | DIRECTOR Trustee or director | 10 | $0 |
| JAMES HENSLEY | DIRECTOR Trustee or director | 10 | $0 |
| SHAWN TEAGUE | DIRECTOR Trustee or director | 10 | $0 |
| AUSTIN ETHERINGTON | DIRECTOR Trustee or director | 10 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM T HENSLEY | CEO Trustee or director, Officer | 10 | $0 |
| CHRISTOPHER PONCE | DIRECTOR Trustee or director, Officer | 10 | $0 |
| MARK BURKS | DIRECTOR Trustee or director, Officer | 10 | $0 |
| JARED QUARLES | PRESIDENT Officer | 10 | $0 |
| NANCY CZUK | SECRETARY/TREASURER Officer | 10 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM T HENSLEY | CEO Trustee or director, Officer | 10 | $0 |
| CHRISTOPHER PONCE | DIRECTOR Trustee or director, Officer | 10 | $0 |
| MARK BURKS | DIRECTOR Trustee or director, Officer | 10 | $0 |
| JARED QUARLES | PRESIDENT Officer | 10 | $0 |
| NANCY CZUK | SECRETARY/TREASURER Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 80640, FORT WAYNE, IN 46898-0640
- Principal officer (990 for 2025)
- WILLIAM T HENSLEY, PO BOX 80640, FORT WAYNE, IN 46898
- Signed the 990
- WILLIAM T HENSLEY, DIRECTOR
- Phone
- (260) 471-5270
- Return prepared by
- BGBC ADVISORY LLC
Mission
GYM RATS INC. IS A NOT-FOR-PROFIT YOUTH BASKETBALL ORGANIZATION WITH THE PURPOSE OF PROVIDING AN ORGANIZED STRUCTURE FOR YOUTHS TO COMPETE IN BASKETBALL AT ALL SKILL LEVELS. GYM RATS INC USES BASKETBALL TO HELP BUILD CHARACTER, MAKE ACADEMICS A PRIORITY, AND BUILD VALUABLE LIFE SKILLS TO CREATE POSITIVE CONTRIBUTORS IN OUR COMMUNITIES.
Program accomplishments
- THE ORGANIZATION PROVIDES EQUIPMENT AND QUALIFIED INSTRUCTORS AND ORGANIZES BASKETBALL TOURNAMENTS FOR BOYS AGE 10-19 IN ORDER TO TEACH BASKETBALL TO BUILD CHARACTER, MAKE ACADEMICS A PRIORITY, AND BUILD VALUABLE LIFE SKILLS TO CREATE POSITIVE CONTRIBUTORS IN OUR COMMUNITIES.Expenses $164,543
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 | 990 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
- 35-1909952
- 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
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N62Z)
- Assets (IRS master file)
- $2,474
- Income (IRS master file)
- $164,425
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $164,425 | $167,788 | $2,474 | XML |
| 990 | December 2024 | $113,724 | $121,699 | $5,837 | XML |
| 990 | December 2023 | $125,637 | $226,177 | $13,812 | XML |
| 990 | December 2022 | $2,234,385 | $2,119,681 | $64,352 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 35-1909952).
Questions about GYM RATS INC
- What is the EIN of GYM RATS INC?
- The employer identification number (EIN) of GYM RATS INC is 35-1909952.
- Is GYM RATS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to GYM RATS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GYM RATS 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 GYM RATS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GYM RATS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of GYM RATS INC?
- The 990 for the year ended December 31, 2025 names WILLIAM T HENSLEY.
- Who are the officers and directors of GYM RATS INC?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does GYM RATS INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $164,425, expenses of $167,788 and total assets of $2,474 at year end.
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