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New Prague Gymnastics Club Inc

EIN 41-1364723 · New Prague, MN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak43 out of 100GovernanceWeak41 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

PROVIDE OPPORTUNITIES FOR CHILDREN OF ALL AGES AND ABILITIES FROM OUR COMMUNITY AND SURROUNDING COMMUNITIES THROUGH PARTICIPATION IN GYMNASTICS.

Income
$434,852
Spending
$438,886
Spent on programs
99%
Reserves
-4.9 months of spending
Largest source of income
fees for its services, 91%
Employees
52
Volunteers
20
Highest pay
$66,800, gym director

Source: Form 990 for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 43 out of 100.

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    5 of 20

    It owes 52% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 1% of income.

  • Income trend

    15 of 15

    Income rose 4% on the year before.

  • Spending floor

    15 of 15

    99% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 41 out of 100.

  • Independent board

    5 of 25

    3 of 6 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $429,510 spent. THERE WERE MORE THAN 350 DIFFERENT FAMILIES ENROLLED IN CLASSES DURING THE YEAR FOR CLASSES BEGINNER 1 THROUGH PRE-TEAM. THERE WERE 36 TEAM GIRLS ALONG WITH NUMEROUS BIRTHDAY PARTIES, AND CHILDREN IN PRE-K OR TOT CLASSES. WE ALSO HOSTED 5 CLUB MEETS. WE PROVIDE VOLUNTEER OPPORTUNITIES FOR NATIONAL HONOR SOCIETY AND OTHER STUDENT ORGANIZATIONS, SUMMER CAMPS AND PROGRAMS, COOPERATION WITH OTHER CLUBS FOR JOINT PRACTICES AND COMMUNITY EVENTS.
  2. $5,947 spent. WITH EXCESS CAPACITY THE NPGC IS ABLE TO OFFER THE FACILITY FOR USE OF THE HIGH SCHOOL GYMNASTICS TEAM. THIS ENABLES HUNDREDS OF CHILDREN TO USE THE FACILITY ON A WEEKLY BASIS HELPING ENRICH THE LIVES OF EACH INDIVIDUAL PHYSICALLY, WHILE COACHING THEM TO BE FUTURE LEADERS IN THE COMMUNITY.
  3. THE NEW PRAGUE GYMNASTIC CLUB SERVES THE NEW PRAGUE COMMUNITY AND SURROUNDING COMMUNITIES WITH THE ABILITY TO PARTICIPATE AND TEACH GYMNASTICS.
  4. THE NEW PRAGUE GYMNASTIC CLUB SERVES THE NEW PRAGUE COMMUNITY AND SURROUNDING COMMUNITIES WITH THE ABILITY TO PARTICIPATE AND TEACH GYMNASTICS.
  5. THE NEW PRAGUE GYMNASTIC CLUB SERVES THE NEW PRAGUE COMMUNITY AND SURROUNDING COMMUNITIES WITH THE ABILITY TO PARTICIPATE AND TEACH GYMNASTICS.

Source: Form 990 for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending May 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since November 1981.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.