Nonprofit · EIN 42-1190747
FRIENDS OF C H I P S GYMNASTICS INC
Tax-exempt · WATERLOO, IA 50701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $179,633 | $187,436 | -$7,803 | $0 | – | $0 |
| December 31, 2024 | 990-EZ | $42,515 | $42,735 | -$220 | $7,803 | – | $7,803 |
| December 31, 2023 | 990-EZ | $58,734 | $51,896 | $6,838 | $8,023 | – | $8,023 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Program service revenue
- $179,633
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $187,436
- Program services (functional)
- $187,436
Balance sheet and other
- Total assets, start of year
- $7,803
- Total assets, end of year
- $0
- Total liabilities, end of year
- –
- Net assets, end of year
- $0
- Gross receipts
- $179,633
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VICKI REED | PRESIDENT | 0 | $0 |
990-EZ for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VICKI REED | PRESIDENT | 0 | $0 |
990-EZ for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VICKI REED | PRESIDENT | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2605 HEATHER LN, WATERLOO, IA 50701-9769
- Signed the 990-EZ
- VICKI REED, PRESIDENT
- Phone
- (319) 239-9382
- Return prepared by
- ADAMS EVENSON & CO CPA'S
Mission
PROMOTE THE BENEFITS OF GYMNASTICS FOR THE HEALTH EDUCATION AND WELFARE OF YOUTH.
Program accomplishments
- PROMOTE THE BENEFITS OF GYNASTICS FOR THE HEALTH EDUCATION AND WELFARE OF YOUTH
- PROMOTE THE BENEFITS OF GYMNASTICS FOR THE HEALTH EDUCATION AND WELFARE OF YOUTHExpenses $187,436
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-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 42-1190747
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1
- Income (IRS master file)
- $179,633
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $179,633 | $187,436 | $0 | XML |
| 990-EZ | December 2024 | $42,515 | $42,735 | $7,803 | XML |
| 990-EZ | December 2023 | $58,734 | $51,896 | $8,023 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | 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 42-1190747).
Questions about FRIENDS OF C H I P S GYMNASTICS INC
- What is the EIN of FRIENDS OF C H I P S GYMNASTICS INC?
- The employer identification number (EIN) of FRIENDS OF C H I P S GYMNASTICS INC is 42-1190747.
- Is FRIENDS OF C H I P S GYMNASTICS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to FRIENDS OF C H I P S GYMNASTICS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS OF C H I P S GYMNASTICS 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 FRIENDS OF C H I P S GYMNASTICS 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 FRIENDS OF C H I P S GYMNASTICS INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of FRIENDS OF C H I P S GYMNASTICS INC?
- The 990-EZ for the year ended December 31, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does FRIENDS OF C H I P S GYMNASTICS INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $179,633, expenses of $187,436 and total assets of $0 at year end.
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