Nittany Lion Wrestling Club
- Assets
- $11.1m
- Revenue
- $1.6m
- Investments
- $9.7m
- Employees
- 21
- Location
- State College, PA
- Founding
- 08/1982
- Data as of
- 12/2023
- EIN
- 25-1408517
Organization Overview
Nittany Lion Wrestling Club is located in State College, PA. The organization was established in 1982. 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, Nittany Lion Wrestling Club employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nittany Lion 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 12/2023, Nittany Lion Wrestling Club generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 13.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT & PROMOTE AMATEUR WRESTLING BY CONDUCTING WRESTLING CAMPS, TOURNAMENTS, CLINICS, AN OLYMPIC REGIONAL TRAINING CENTER, AND RESIDENT ATHLETE PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKILLED WRESTLING INSTRUCTIONS PROVIDED AT THE CAMPS, CLINICS, TOURNAMENTS, AND SUPPORT FOR AN OLYMPIC REGIONAL TRAINING CENTER AND RESIDENT ATHLETE PROGRAM CONDUCTED BY THE CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Varner Head Club Coach | 40 | $150,540 | |
David Hart Exe Dir,tre,sec | OfficerTrustee | 40 | $91,918 |
James English Vice President | OfficerTrustee | 3 | $0 |
Terry Chandler President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $20,475 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $687,603 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $708,078 |
| Total Program Service Revenue | $76,648 |
| Investment income | $649,654 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$167,764 |
| Net Income from Fundraising Events | $305,318 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,571,934 |
| 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. | $91,918 |
| Compensation of current officers, directors, key employees. | $6,499 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,073,611 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $92,741 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,947 |
| Fees for services: Other | $0 |
| Advertising and promotion | $42,539 |
| Office expenses | $9,698 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $92,933 |
| 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 | $299,431 |
| All other expenses | $9,340 |
| Total functional expenses | $2,089,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $334,213 |
| 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 | $0 |
| Investments—other securities | $9,681,971 |
| Investments—program-related | $1,049,035 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,065,219 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $11,065,219 |
| Total liabilities and net assets/fund balances | $11,065,219 |