2021-11-15T13:55:49-08:00 2020-12-31 431982864 Murray & Becker LLC 21 East Black Horse Pike Pleasantville NJ 08232 990 2020-01-01 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 2021-11-15 true NICOLE TUNIS 999009999 ROBERT K BECKER CPA P00023650 6096410880 2 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z 3330 BARGAINTOWN ROAD 4 EGG HARBOR TOWNSHIP NJ 08234 135895 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. 4 0 4 0 149773 71014 0 0 12341 29811 162114 100825 0 0 5522 22332 0 0 155543 69149 161065 91481 1049 9344 95151 104414 264 183 94887 104231 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 91410 TO FOSTER AND SUPPORT THE AMATEUR ATHLETES OF BRIGHT STARS GYMNASTICS GYM BY PROVIDING SUPPORT TO THE VARIOUS TEAMS IN ALL AREAS OF COMPETITION. 91410 true false false false false false false false false false false false false false true 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 4 0 true 4 true false false false false false false false 0 false false false false false false false X 4 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 NICOLE MARCHELLE Trustee 0.00 0.00 X 0 0 0 0 false false false 0 23367 47647 71014 0 0 0 0 0 0 41407 33397 8010 23474 1673 21801 21801 0 0 100825 21801 0 0 0 0 0 0 20020 20020 0 0 2312 2312 0 0 1291 1291 0 0 0 550 550 0 0 804 804 0 0 11778 11778 0 0 0 0 0 549 549 UNIFORM EXPENSE 17581 17581 MEET FEES 16813 16813 CHOREOGRAPHY 9900 9900 COACHING 3440 3440 6443 6372 71 91481 91410 71 0 95151 104414 0 0 0 0 0 0 0 0 0 0 0 0 0 0 95151 104414 264 183 264 183 X 94887 104231 94887 104231 95151 104414 9344 X false false false X 26949 30993 40701 13474 23367 135484 84472 137191 121622 136299 47647 527231 0 0 0 111421 168184 162323 149773 71014 662715 0 0 662715 0 0 0 68630 82596 115365 29015 75170 370776 180051 250780 277688 178788 146184 1033491 0.64120 0.67630 0.00000 X Payroll taxes payable 182 Rounding 1 183 X X X false KATELYN OHASHI 33860 33860 13563 260 10289 WAWA 7165 7165 3300 41025 41025 13563 260 13589 27412 13613 23474 682 500 491 false false false 23474 682 500 491 1673 21801 NJ true false false false 1.00000 false false Client Note 1 Client 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 Form 990, Part VI, Line 11b: Form 990 Review Process No review was or will be conducted. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available No documents available to the public.