Hawkeye Wrestling Club
- Assets
- $3.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Iowa City, IA
- Founding
- 12/1973
- Data as of
- 05/2024
- EIN
- 23-7302974
Organization Overview
Hawkeye Wrestling Club is located in Iowa City, IA. The organization was established in 1973. 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 05/2024, Hawkeye Wrestling Club employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawkeye Wrestling Club 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 05/2024, Hawkeye Wrestling Club generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.3m during the year ending 05/2024. While expenses have increased by 12.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
REIMBURSE AMATEUR WRESTLERS FOR EXPENSES INCURRED WHILE PARTICIPATING IN WRESTLING EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUPPORTED 21 WORLD CLASS WRESTLERS DURING THEIR TRAINING IN PURSUIT OF OLYMPIC GOLD MEDALS AND WORLD CHAMPIONSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Elden President | OfficerTrustee | 10 | $0 |
Mitch Kelly Vice President | OfficerTrustee | 1.5 | $0 |
Aaron Robertson Treasurer | OfficerTrustee | 1.5 | $0 |
Joe Holmes Secretary | OfficerTrustee | 1.5 | $0 |
Ryan Smidt Director | Trustee | 1.5 | $0 |
Ryan Key Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $238,874 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $906,348 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,145,222 |
| Total Program Service Revenue | $0 |
| Investment income | $77,781 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,640 |
| Net Income from Gaming Activities | $9,781 |
| Net Income from Sales of Inventory | -$35,332 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,206,825 |
| 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. | $79,743 |
| Compensation of current officers, directors, key employees. | $79,743 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,820 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,808 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,585 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,763 |
| Fees for services: Other | $772,080 |
| Advertising and promotion | $110,050 |
| Office expenses | $16,435 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,350 |
| Travel | $135,174 |
| 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 | $0 |
| Insurance | $2,077 |
| All other expenses | $12,139 |
| Total functional expenses | $1,329,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $289,987 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,092,426 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,382,413 |
| Accounts payable and accrued expenses | $39,577 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $39,577 |
| Net assets without donor restrictions | $0 |
| 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 | $3,342,836 |
| Total liabilities and net assets/fund balances | $3,382,413 |