PARKETTES NATIONAL GYMNASTICS TRAINING CENTER Charity Report

Public IRS 990 nonprofit record

PARKETTES NATIONAL GYMNASTICS TRAINING CENTER

EIN 23-2046090 · Recreation & Sports (N6XZ)

What they do

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

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $78.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders9 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

79.97%of revenue went to mission work78.9% of expenses · Program services

0.08%of revenue went to fundraising0.1% of expenses

$101.42spent for every $100 of revenueSpending was higher than revenue this year.

21.37%of revenue went to management and office costs21.1% of expenses

$1.07in assets for every $1 spent this yearSome assets cannot be spent right away.

0.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $32,368 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $79,000 for DONNA STRAUSS (BOARD MEMBER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,275,616

Mission workProgram services$1,819,88679.97% of revenue78.9% of expenses

ManagementOffice and general costs$486,18921.37% of revenue21.1% of expenses

FundraisingAsking for donations$1,9090.08% of revenue0.1% of expenses

Total expenses$2,307,984101.42% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 78.9% mission · 21.1% management · 0.1% fundraisingTotal expenses: 101.42% of revenue

2023Expense mix: 80.3% mission · 19.3% management · 0.3% fundraisingTotal expenses: 98.16% of revenue

2022Expense mix: 78.0% mission · 21.5% management · 0.4% fundraisingTotal expenses: 94.57% of revenue

2021Expense mix: 75.5% mission · 24.2% management · 0.3% fundraisingTotal expenses: 94.74% of revenue

2020Expense mix: 76.7% mission · 22.8% management · 0.6% fundraisingTotal expenses: 94.69% of revenue

2019Expense mix: 76.2% mission · 23.1% management · 0.7% fundraisingTotal expenses: 113.11% of revenue

2018Expense mix: 77.3% mission · 22.1% management · 0.6% fundraisingTotal expenses: 102.85% of revenue

2017Expense mix: 66.3% mission · 32.7% management · 1.0% fundraisingTotal expenses: 99.53% of revenue

Money in and money out

Revenue$2,275,616

Expenses$2,307,984

Annual shortfall $32,368 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,819,886 · 78.9% of expenses

Management and office costs$486,189 · 21.1% of expenses

Fundraising$1,909 · 0.1% of expenses

See all reported dollar amounts

Revenue$2,275,616

Expenses$2,307,984

Assets$2,480,410

Income$2,401,245

Contributions$12,049

Mission work (program services)$1,819,886

Fundraising$1,909

Management and general$486,189

Stocks and bonds$1,253,715

Accounting fees$19,500

Investing fees$15,300

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DONNA STRAUSSBOARD MEMBER · 40 hrs/week $79,000

WILLIAM STRAUSSBOARD MEMBER · 40 hrs/week $67,500

HILARY MARQUARDTBOARD MEMBER · 40 hrs/week $64,625

STEPHANIE CIPOLLONIBOARD MEMBER · 40 hrs/week $39,415

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (9)

DONNA STRAUSSBOARD MEMBER

WILLIAM STRAUSSBOARD MEMBER

HILARY MARQUARDTBOARD MEMBER

STEPHANIE CIPOLLONIBOARD MEMBER

DANIEL DAWSONTREASURER

ELIZABETH POSOCCOBOARD MEMBER

KURT FELDMANPRESIDENT

LAURIE GOMBERTSECRETARY

MELISSA LEARYTREASURER

About this charity

Recognized since: January 1978
Location: 401 MARTIN LUTHER KING JR DR, ALLENTOWN, PA 18102-5407
County: Lehigh
In care of: Jeff Bell
Primary officer: Jeff Bell, Executive Director

How to reach them

WebsiteVisit the charity’s website Emailparkets@aol.com Phone(610) 433-0011

Filing and classification

Latest tax year: 2024
Tax period began: September 1, 2024
Return type: 990
Tax preparer: LEAR & PANNEPACKER LLP
NTEE classification: Recreation & Sports (N6XZ)