Illinois Kids Wrestling Federation
- Assets
- $584.3k
- Revenue
- $797.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Country Club Hills, IL
- Founding
- 10/1992
- Data as of
- 08/2020
- EIN
- 36-3794902
Organization Overview
Illinois Kids Wrestling Federation is located in Country Club Hills, IL. The organization was established in 1992. As of 08/2020, Illinois Kids Wrestling Federation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Kids Wrestling Federation 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 08/2020, Illinois Kids Wrestling Federation generated $797.9k 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 (6.1%) each year. All expenses for the organization totaled $573.8k during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INSTRUCTION AND PARTICIPATION IN THE SPORT OF WRESTLING FOR CHILDREN BETWEEN THE AGES OF FIVE AND EIGHTEEN THROUGH THE SANCTIONING OF ORGANIZED WRESTLING EVENTS AND TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES A WRESTLING ORGANIZATION FOR CHILDREN AGES FIVE TO EIGHTEEN YEARS OLD. IKWF SERVES MORE THAN 13,000 ATHLETES AND 3,000 COACHES ON OVER 250 CLUBS. THE CHILDREN ARE TAUGHT WRESTLING AND DISCIPLINE WHILE PROVIDED WITH A PLATFORM IN WHICH TO COMPETE IN OVER 120 SANCTIONED EVENTS. IKWF IS RESPONSIBLE FOR DEVELOPING A PUTTING IN PLACE ALL RULES ALONG WITH ENSURING THE SAFETY OF ALL WRESTLERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Urwin Secretary | OfficerTrustee | 40 | $64,510 |
James Considine Jr President | OfficerTrustee | $0 | |
Gene Lee VP Mark/comm | OfficerTrustee | $0 | |
Don Reynolds VP Freestyle | OfficerTrustee | $0 | |
Jeff Tolbert VP Finance/o | OfficerTrustee | $0 | |
Chauncey Carrick Dir-Fr/gr.rm | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $6,883 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $797,937 |
| Statement of Expenses | |
|---|---|
| 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. | $64,510 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,562 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,885 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,408 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $653 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,040 |
| Information technology | $1,797 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,125 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $812 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,612 |
| Insurance | $967 |
| All other expenses | $0 |
| Total functional expenses | $573,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $405,177 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,857 |
| 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 | $8,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $584,317 |
| Accounts payable and accrued expenses | $27,901 |
| 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 | $17,962 |
| Total liabilities | $45,863 |
| 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 |
| Total liabilities and net assets/fund balances | $538,454 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hudson Hockey Association Inc Hudson, WI | $5,018,556 | $3,479,772 |
Chicago Area Runners Assoc Chicago, IL | $331,756 | $988,170 |
Indiana State Wrestling Assoc Indianapolis, IN | $264,541 | $899,289 |
Geneva Lake Sailing School Inc Fontana, WI | $4,279,820 | $756,637 |
Illinois Kids Wrestling Federation Country Club Hills, IL | $584,317 | $797,937 |
Madison Turners Inc Madison, WI | $1,061,436 | $559,690 |
Jesse White Tumbling Team Inc Chicago, IL | $209,874 | $410,599 |
Dubuque County Hockey Association Dubuque, IA | $95,811 | $363,416 |
Judd Goldman Adaptive Sailing Foundation Chicago, IL | $2,803,696 | $575,119 |
Sterling Track Club Inc Sterling, IL | $87,248 | $275,000 |
Road Runners Club Of America Kansas City, MO | $153,337 | $75,796 |
Road Runners Club Of America Saint Louis, MO | $222,659 | $0 |