Vestavia Wrestling Club Inc
- Assets
- $1.1m
- Revenue
- $168.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Vestavia, AL
- Founding
- 08/2009
- Data as of
- 06/2023
- EIN
- 27-0451554
Organization Overview
Vestavia Wrestling Club Inc is located in Vestavia, AL. The organization was established in 2009. 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 06/2023, Vestavia Wrestling Club Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vestavia 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 06/2023, Vestavia Wrestling Club Inc generated $168.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $164.6k during the year ending 06/2023. While expenses have increased by 18.8% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR ENDING JUNE 30, 2023, THE ORGANIZATION HAD OVER 120 KIDS FROM AGES 4-19 PARTICIPATE IN THE ORGANIZATION'S PROGRAMS AND TRAINING. THE ORGANIZATION COMPETED IN 15 TOURNAMENTS IN THE STATE OF ALABAMA AND ATTENDED SEVERAL REGIONAL AND NATIONAL WRESTLING TOURNAMENTS. VWC CONTINUED ITS PRACTICE OF HAVING A MATCH NIGHT EVERY OTHER THURSDAY OPEN TO THE PUBLIC. THE ORGANIZATION ALSO SPONSORED THE STATE YOUTH WRESTLING TOURNAMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Johnston President | 8 | $0 | |
Alan Chandler Secretary | 1 | $0 | |
Brian Banta Treasurer | 3 | $0 | |
Wade Schaatt Director | 1 | $0 | |
Scott Nailen Director | 1 | $0 | |
Monterrious Adams Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $37,428 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,300 |
| Total Revenue | $168,493 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $30,625 |
| Occupancy | $2,537 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $127,439 |
| Total operating and administrative expenses | $164,616 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $164,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,702 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $984,987 |
| Other assets | $10 |
| Total assets | $1,077,699 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |