Mustang Wrestling Foundation
- Assets
- $58.0k
- Revenue
- $111.4k
- Investments
- $0.0
- Employees
- 0
- Location
- San Luis Obispo, CA
- Founding
- 05/2019
- Data as of
- 06/2023
- EIN
- 38-4105447
Organization Overview
Mustang Wrestling Foundation is located in San Luis Obispo, CA. The organization was established in 2019. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, 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. Mustang Wrestling Foundation 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, Mustang Wrestling Foundation generated $111.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $148.8k during the year ending 06/2023. 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
THE MUSTANG WRESTLING FOUNDATION'S PRIMARY PURPOSE IS TO SUPPORT AMATEUR WRESTLING IN THE CENTRAL CALIFORNIA REGION BY HIRING STAFF AND ESTABLISHING A WRESTLING TRAINING PROGRAM TO TRAIN AND SUPPORT AMATEUR ATHLETES IN WRESTLING, AND TO SUPPORT THE WRESTLING PROGRAM AT CALIFORNIA POLYTECH STATE UNIVERSITY, SAN LUIS OBISPO, CA
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINI CAMPS. FLEW IN ATHLETES TRAINING FOR OLYMPICS TO INSTRUCT AND TRAIN WITH CAL POLY WRESTLERS.
SUPPORTED LOCAL WRESTLERS IN TRAVELING TO NATIONAL COMPETITIONS.
REGIONAL TRAINING CENTER. PROVIDE YOUTH ATHLETES ACCESS TO ELITE LEVEL COACHES, HIGH LEVEL TRAINING PARTNERS AND WORLD CLASS FACILITIES IN A SAFE LOCAL ENVIRONMENT. A KEY FOCUS IS TO RAISE THE RELEVANCY OF WRESTLING ON COLLEGE CAMPUSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Talbott Board Member | Trustee | 1 | $0 |
Kelan Bragg Board Member | Trustee | 1 | $0 |
Bob Whitaker Board Member | Trustee | 1 | $0 |
Santo Sarabia Board Member | Trustee | 1 | $0 |
Bill Adams Board Member | Trustee | 1 | $0 |
Craig Cowan Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,900 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,918 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,818 |
| Total Program Service Revenue | $23,998 |
| Investment income | $561 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,377 |
| 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 | $1,416 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $104,037 |
| Advertising and promotion | $0 |
| Office expenses | $1,104 |
| Information technology | $427 |
| Royalties | $0 |
| Occupancy | $27,755 |
| Travel | $8,770 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $566 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,044 |
| Total functional expenses | $148,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,792 |
| Savings and temporary cash investments | $22,743 |
| Pledges and grants receivable | $3,500 |
| 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 | $58,035 |
| 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 | $58,035 |
| 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 | $58,035 |