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Laketown Gym

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 452455454 ✦ Waconia, MN ✦ Designated as a 501(c)(3)

Overview

What is Laketown Gym?

Laketown Gym, located at 654 Industrial Blvd, Waconia, MN 55387, is a nonprofit organization that specializes in gymnastics. They offer various activities, such as recreational instruction, open gym sessions, product sales, and competitive team training. Their mission is to support and guide each gymnast in setting personal goals and developing individualized plans to achieve them. With a workforce of 66 dedicated individuals, Laketown Gymnasitcs aims to provide a supportive environment for gymnasts to grow and excel in their craft.


Is Laketown Gym legitimate?

Laketown Gym is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laketown Gym submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $61,502
Professional Fundraising Fees: $0
Other Salaries and Wages: $327,092

For more financial information, click here


What is the mission statement of Laketown Gym?
Who is the CEO of Laketown Gym?
What is the revenue of Laketown Gym?
Who are the executives of Laketown Gym and what are their salaries?
Where can I find the form 990 for Laketown Gym?

Mission Statement of Laketown Gym

Laketown Gymnasatics is committed to working with each gymnast individually, helping them set achievable goals and creating personalized plans to reach those objectives. The organization provides the necessary support and guidance to ensure that each gymnast can progress and grow in their skills and abilities. By setting goals and developing tailored plans, Laketown Gymnasatics aims to empower and motivate its gymnasts, enabling them to achieve their full potential.

In practice, this mission translates into various activities offered by Laketown Gymnasatics. Recreational gymnastic instruction is available for those who want to learn the basics, while competitive team gymnastic instruction is for those who aspire to excel at a higher level. Additionally, the gym offers open gym hours and sells related products, providing a comprehensive gymnastics experience for its members. Overall, Laketown Gymnasatics is dedicated to supporting each gymnast on their journey to improve their skills and achieve their personal goals.

Impact

This information is meant to be a general summary of Laketown Gym. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Laketown Gym, located in Waconia, MN, has a significant impact on the community through its provision of recreational gymnastic instruction, open gym opportunities, product sales, competitive team gymnastic instruction, and related activities. By working with each gymnast to set goals, develop individual plans, and provide the necessary support and direction to achieve those goals, Laketown Gym plays a crucial role in promoting physical fitness, skill development, and personal growth among its participants. The gym's focus on recreation allows individuals to engage in a healthy and enjoyable form of exercise while fostering a sense of community and camaraderie.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,076
  • Program Service Revenue: $866,509
  • Gross Receipts: $889,129

    • Assets and Liabilities:
  • Total Assets: $1,534,649
  • Total Liabilities: $1,326,350
  • Net Assets: $208,299
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TUITION AND CLASS FEES

    Revenue

    $735,927

    MEET FEES

    Revenue

    $44,514

    CAMP FEES & FIELD TRIPS

    Revenue

    $19,373

    OPEN GYM & BDAY PARTIES

    Revenue

    $63,901

    UNIFORMS

    Revenue

    $2,794

    Organization Details

    Founding Year

    2011

    Principal Officer

    Samantha Leighton

    Main Address

    654 INDUSTRIAL BLVD, Waconia, MN, 55387

    NTEE Category

    Code: N60 - Recreation

    If you are a representative of Laketown Gym and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.