2023-09-29T05:31:28-07:00 2022-12-31 431982864 Murray and Becker LLC 1640 Tilton Rd Northfield NJ 08225 990 2022-01-01 462404698 BRIGHT STARS GYMNASTICS PARENTS ASSOCIATION A NJ NON PROFIT CORPORATION BRIG 6099262682 3330 BARGAINTOWN ROAD 4 EGG HARBOR TOWNSHIP NJ 08234 NICOLE TUNIS President 2023-09-29 true NICOLE TUNIS 999009999 true Robert K Becker CPA P00023650 6096410880 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z 3330 BARGAINTOWN ROAD 4 EGG HARBOR TOWNSHIP NJ 08234 205820 false X N/A X 2013 NJ TO FOSTER AND SUPPORT THE AMATEUR ATHLETES OF BRIGHT STARS GYMNASTICS GYM BY PROVIDING SUPPORT TO THE VARIOUS TEAMS IN ALL AREAS OF COMPETITION. 3 0 6 0 171675 127502 0 0 23618 32161 195293 159663 1000 1000 0 30179 35927 0 0 195303 138128 226482 175055 -31189 -15392 73442 57650 400 0 73042 57650 TO FOSTER AND SUPPORT THE AMATEUR ATHLETES OF BRIGHT STARS GYMNASTICS GYM BY PROVIDING SUPPORT TO THE VARIOUS TEAMS IN ALL AREAS OF COMPETITION. false false 174687 TO FOSTER AND SUPPORT THE AMATEUR ATHLETES OF BRIGHT STARS GYMNASTICS GYM BY PROVIDING SUPPORT TO THE VARIOUS TEAMS IN ALL AREAS OF COMPETITION. 174687 true false false false false false false false false false false false false false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false false false false true 3 0 true 6 true false false false false false false false 0 false false false false false false false X 3 0 false false false false false false false false false false false false false false false false false false NJ X BONNIE PETITT 6099262682 3330 BARGAINTOWN ROAD SUITE 4 EGG HARBOR TOWNSHIP NJ 08234 X BONNIE PETITT Trustee 0.00 0.00 X 0 0 0 NICOLE CASAMENTO Vice President 0.00 0.00 X 0 0 0 NICOLE TUNIS President 0.00 0.00 X 0 0 0 0 false false false 0 37512 89990 127502 0 0 0 0 0 0 61965 46157 15808 16353 16353 16353 0 0 159663 16353 1000 1000 0 0 0 0 0 33346 33346 0 0 2581 2581 0 0 1891 1891 0 0 0 645 645 0 12 12 1398 1398 0 0 24319 24319 0 0 0 0 0 661 661 MEET FEES 49127 49127 UNIFORM EXPENSE 31778 31778 CHOREOGRAPHY 13312 13312 MEET EXPENSE 6808 6808 8177 7809 368 175055 174687 368 0 73442 57650 0 0 0 0 0 0 0 0 0 0 0 0 0 0 73442 57650 400 400 0 X 73042 57650 73042 57650 73442 57650 -15392 X false false false X 40701 13474 23367 38590 37512 153644 121622 136299 47647 133549 93151 532268 0 0 0 162323 149773 71014 172139 130663 685912 0 0 685912 0 0 0 115365 29015 75170 58599 75157 353306 277688 178788 146184 230738 205820 1039218 0.66000 0.66730 0.00000 X X X X false NCAA GYMNASTS 34495 34495 11937 6250 4421 PS5 12834 12834 809 47329 47329 809 11937 6250 4421 23417 23912 16353 false false false 16353 16353 NJ true false false false 1.00000 false false Form 990, Part VI, Section B, Line 11b No review was or will be conducted. Form 990, Part VI, Section C, Line 19 No documents available to the public. Statement Note 1 Capitalization policy of BRIGHT STARS GYMNASTICS PARENTS ASSOCIATION Adoption Date January 1,2014Purpose: This capitalization policy is being adopted for book purposes in consideration of and pursuant to Internal Revenue Service (IRS) imposition of finalized Tangible Property Regulations (TPR) (Reg. 1.162-3, 1.162-4, 1.263(a)-2, 1.263(a)-3, TD 9636, 2013-43 IRB 331,78 Fed. Reg. 5786) and pertains to amount paid to acquire, produce, or improve tangible property. This policy is intended to conform to the regulations as a means of distinguishing capital expenditures from supplies, repairs, maintenance, and other deductible business expenses. I. Materials & Supplies A. Defined as:1. Component parts to maintain, repair or improve real property2. Fuel, lubricants, water- to be consumed in 12 months or less3. Units of property costing $2,500 or less (Safe Harbor election is to be considered annually for tax purposes. If this election is NOT made annually, then the threshold is reduced to $200 for tax purposes)4. Units of property with useful life of 12 months or lessB.Expensed when paid if incidental (if cash basis) provided income is clearly reflected- i.e. carried on hand and no record of consumption or physical inventoryC.Expensed when used in non-incidental and not de minimis ($2,500 or less).(De Minimis Safe Harbor is to be considered annually for tax purposes).II. Costs that must be capitalized: costs resulting in A.Betterments-1. Corrects pre-acquisition or production defect2. Material addition3. Reasonably expected to increase capacity, productivity, efficiency, etc.B. Adaptations- to a new or different useC. Restorations1. Replace component of unit of property where deducted loss for that component, or sold that component and recognized gain or loss2. Returns a unit of property to operating when deteriorated and no longer functional for its intended use 3. Rebuilding of unit of property to like-new after the end of its class life4. Replacement part(s) that comprises major component (e.g.40%) of the unit of propertyIII. Cost of routine maintenance is not required to be capitalized. Routine includes:A. Expenses such as inspection, cleaning, testing, and replacing partsB. For buildings- expected to be incurred more than once in 10-year periodC. For non-buildings- expected to be incurred more than once in class lifeIV. Unit of Property- (Adopted from IRS Definition)A. Buildings-Comprised of its Structural component its Systems components:1. Structural component- the "structure or edifice enclosing a space within its walls, and usually covered by a roof"2. Component Systems-HVAC, plumbing, electrical, escalators, elevators, fire/alarm systems, security systems, gas distributions systems3. For leased building- each building & structural component (if lease entire building) or portion of each building subject to lease (if lease a portion of the building)B. Other than building-functionally interdependent components placed in service at same time in order to perform their intended function. Functionally interdependent- each desk is a unit, each chair is a unit, each book shelf is a unit, each computer, each printer, etc.C. Special rules for plant property, network (railroad, oil/gas, etc.) property, rotable spare parts