Finger Lakes Wrestling Club Inc
- Assets
- $1.1m
- Revenue
- $359.1k
- Investments
- $0.0
- Employees
- 9
- Location
- Ithaca, NY
- Founding
- 07/2007
- Data as of
- 12/2023
- EIN
- 20-3725136
Organization Overview
Finger Lakes Wrestling Club Inc is located in Ithaca, NY. The organization was established in 2007. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Finger Lakes Wrestling Club Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Finger Lakes Wrestling Club Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Finger Lakes Wrestling Club Inc generated $359.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $592.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE EDUCATION AND TRAINING OF PERSONS IN SCHOLASTIC, COLLEGIATE AND INTERNATIONAL WRESTLING RULES AND TECHNIQUES AS WELL AS IN PHYSICAL AND MENTAL FITNESS; THE EDUCATION OF PERSONS WHO ASPIRE TO COACH WRESTLING; AND THE EDUCATION OF THE GENERAL PUBLIC IN THE SPORT OF WRESTLING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EDUCATE AND TRAIN PARTICIPANTS FROM THE LOCAL AREA IN SCHOLASTIC, COLLEGIATE, AND INTERNATIONAL WRESTLING RULES AND TECHNIQUES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dick Ballard Director | Trustee | 5 | $0 |
Gene Nighman President | OfficerTrustee | 5 | $0 |
Eric Toftegaard Vice President | OfficerTrustee | 5 | $0 |
Cathy Pace Secretary/treasurer | OfficerTrustee | 40 | $40,000 |
Carl Koenig Director | Trustee | 5 | $0 |
Charlie Hughes Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $261,031 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $261,031 |
| Total Program Service Revenue | $63,556 |
| Investment income | $6,221 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $493 |
| Net Gain/Loss on Asset Sales | $22,225 |
| Net Income from Fundraising Events | $820 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $359,137 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $90,000 |
| Compensation of current officers, directors, key employees. | $40,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $368,741 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,866 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,319 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $890 |
| Office expenses | $5,313 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,964 |
| Travel | $64,517 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,122 |
| Insurance | $14,011 |
| All other expenses | $0 |
| Total functional expenses | $592,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,606 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,027 |
| Net Land, buildings, and equipment | $750,311 |
| Investments—publicly traded securities | $237,791 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,059,735 |
| Accounts payable and accrued expenses | $4,709 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $537,412 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,861 |
| Total liabilities | $547,982 |
| Net assets without donor restrictions | $511,753 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,059,735 |