Penn State Wrestling Club
- Assets
- $66.7k
- Revenue
- $114.0k
- Investments
- $0.0
- Employees
- 0
- Location
- State College, PA
- Founding
- 03/2000
- Data as of
- 04/2021
- EIN
- 25-1720954
Organization Overview
Penn State Wrestling Club is located in State College, PA. The organization was established in 2000. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penn State 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 04/2021, Penn State Wrestling Club generated $114.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $251.8k during the year ending 04/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR THE PENN STATE WRESTLING TEAM WITH SOCIAL EVENTS, BANQUETS, TRIPS TO MEETS, AND EDUCATION CONCERNING RULE CHANGES AND TOURNAMENT RESULTS FOR THE WRESTLING CLUB MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISHED FOUR NEWSLETTERS COVERING THE 2020-2021 WRESTLING AND DISTRIBUTED TO ALL CLUB MEMBERS EITHER ONLINE OR AS A HARD COPY IF REQUESTED BY ANY GIVEN MEMBER.
BANQUETS AND SOCIALS. WE PROVIDE AN OPPORTUNITY FOR FANS AND MEMBERS OF THE PENN STATE WRESTLING CLUB TO TRAVEL TO AWAY DUAL MEETS AND TOURNAMENTS. THROUGH PUBLICATIONS AND OUR WEBSITE WE KEEP FANS INFORMED OF MATCH AND TOURNAMENT RESULTS, UPCOMING TRIPS, BANQUETS AND SOCIALS. THERE WAS VERY LITTLE ACTIVITY THIS YEAR DUE TO COVID.
ALL OTHER PROGRAM SERVICES INCLUDING $255,000 GIFT TO PENN STATE WRESTLING.
PUBLISHED FOUR NEWSLETTERS COVERING THE 2020-2021 WRESTLING AND DISTRIBUTED TO ALL CLUB MEMBERS EITHER ONLINE OR AS A HARD COPY IF REQUESTED BY ANY GIVEN MEMBER.
BANQUETS AND SOCIALS. WE PROVIDE AN OPPORTUNITY FOR FANS AND MEMBERS OF THE PENN STATE WRESTLING CLUB TO TRAVEL TO AWAY DUAL MEETS AND TOURNAMENTS. THROUGH PUBLICATIONS AND OUR WEBSITE WE KEEP FANS INFORMED OF MATCH AND TOURNAMENT RESULTS, UPCOMING TRIPS, BANQUETS AND SOCIALS. THERE WAS VERY LITTLE ACTIVITY THIS YEAR DUE TO COVID.
ALL OTHER PROGRAM SERVICES INCLUDING $255,000 GIFT TO PENN STATE WRESTLING.
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 |
|---|---|---|---|
Allen Smith President & Director | OfficerTrustee | 2 | $0 |
Bob Mellott Vice President & Director | OfficerTrustee | 2 | $0 |
Brian Mcmahon Treasurer & Director | OfficerTrustee | 3 | $0 |
Don Burris Assistant Treasurer & Director | OfficerTrustee | 1 | $0 |
Jennifer Creighton Secretary & Director | OfficerTrustee | 2 | $0 |
Todd Bennett Director At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $44,735 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,485 |
| Total Program Service Revenue | $457 |
| Investment income | $56 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,945 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $113,993 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $400 |
| Office expenses | $1,817 |
| Information technology | $305 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | -$16,395 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $277 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $825 |
| All other expenses | $511 |
| Total functional expenses | $251,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,709 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $66,709 |
| 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 | $66,709 |
| 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 | $66,709 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Penn State Wrestling Club has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Nagle Family Foundation Bronxville, NY PURPOSE: GENERAL OPERATING PURPOSE OF THE CHARITABLE ORGANIZATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
African Parks Foundation Of America New York, NY | $103,077,494 | $19,003,499 |
Randalls Island Park Alliance Inc New York, NY | $13,239,437 | $9,404,674 |
Toledo Classic Inc Toledo, OH | $1,903,609 | $6,431,231 |
The Kroger Helping Hands Fund Benefits Trust Cincinnati, OH | $21,338,883 | $10,000,000 |
Army West Point Athletic Association Inc West Point, NY | $11,945,742 | $9,719,506 |
Westchester Parks Foundation Inc Mount Kisco, NY | $3,736,356 | $3,829,268 |
Usga Foundation Liberty Corner, NJ | $5,745,088 | $4,151,896 |
Park National Bank Foundation Park National Bank Newark, OH | $15,877,753 | $5,232,147 |
The Ball Family Foundation King of Prussia, PA | $4,322 | $1,729,500 |
Philly Races Inc Philadelphia, PA | $1,385,166 | $1,813,595 |
Percival P Baxter Trust Uw 14-0068 00-8 Pittsburgh, PA | $55,111,049 | $4,471,251 |
Untermyer Gardens Conservancy Yonkers, NY | $2,212,891 | $1,837,409 |