Minnesota Usa Wrestling Inc is located in Minneapolis, MN. The organization was established in 1979. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. As of 08/2023, Minnesota USA Wrestling Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota USA Wrestling 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 08/2023, Minnesota USA Wrestling Inc generated $687.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $632.6k during the year ending 08/2023. While expenses have increased by 19.8% per year over the past 4 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AMATEUR WRESTLING ORGANIZATION
Describe the Organization's Program Activity:
MINNESOTA/USA WRESTLING IS A NON-PROFIT, 501(C)3, AMATEUR SPORT ORGANIZATION, WHICH IS SUPPORTED IN PART BY REVENUES FROM MEMBERSHIP AND EVENTS AND IN PART FROM REVENUE CREATED THROUGH LAWFUL PURPOSE GAMING OPERATIONS WITHIN THE STATE OF MINNESOTA. MN/USA WRESTLING IS DEDICATED TO FREESTYLE, GRECO-ROMAN AND FOLKSTYLE WRESTLING AT ALL LEVELS. OUR PRIMARY MISSION IS TO GIVE EVERY WRESTLER THE OPPORTUNITY TO LEARN, TO ACHIEVE AND GO AS FAR AS THEIR TALENTS, ABILITIES AND DETERMINATION WILL ALLOW THEM. MN/USA WRESTLING IS THE OFFICIAL STATE AFFILIATE TO USA WRESTLING, THE GROUP MEMBER OF THE UNITED STATES OLYMPIC COMMITTEE SELECTED TO REPRESENT AMATEUR WRESTLERS. MN/USA WRESTLING IS A VERY ACTIVE ORGANIZATION WORKING TO MEET THE NEEDS OF AROUND 76 CLUBS, 5000 WRESTLERS AGES 5 THROUGH SENIORS, 1002 COACHES, 46 OFFICIALS, AND 1000'S OF VOLUNTEERS, ALL OF WHOM MAKE MN/USA WRESTLING THE SUCCESS THAT IT IS. THE WRESTLING CLUBS ARE FROM TOWNS AND CITIES THROUGHOUT MINNESOTA, WITH ATHLETES COMPETING IN VARIOUS AGE GROUPS: KIDS, GENERALLY 14 YEARS AND YOUNGER; CADETS, GENERALLY 15-16 YEAR OLDS; JUNIORS, GENERALLY HIGH SCHOOL AGE; UNIVERSITY, GENERALLY COLLEGE AGE; OPEN, GENERALLY COLLEGE AGE AND BEYOND; AND WOMEN, INCLUDING ALL GIRLS AND WOMEN. THESE ATHLETES COMPETE IN FREESTYLE, GRECO-ROMAN AND FOLKSTYLE WRESTLING STYLES. MN/USA WRESTLING IS THE ONLY WRESTLING PROGRAM IN MN TO OFFER REGIONAL TRAINING FOR WOMEN/GIRLS. WE CONTINUE TO WORK WITH OUR NEIGHBORING STATES TO GET AS MANY FEMALE WORKOUT PARTNERS AS POSSIBLE. THIS GIVES FEMALES THE OPPORTUNITY TO BETTER THEIR WRESTLING SKILLS. USA WRESTLING OFFERS WOMEN'S ONLY COMPETITION ON LOCAL, NATIONAL, AND INTERNATIONAL LEVELS. THE SPORT OF WRESTLING WILL ENCOURAGE ATHLETE'S POSITIVE ATTITUDES, LEADERSHIP QUALITIES AND SELF-DISCIPLINE. IT WILL DEVELOP ATHLETE'S PHYSICAL STRENGTH, TECHNIQUE, COORDINATION, BALANCE, AND AGILITY. IT WILL EXCITE ATHLETES, COACHES, PARENTS, FAMILIES, AND FANS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Peterson Chairman | OfficerTrustee | 15 | $0 |
Ryan Hoag President | OfficerTrustee | 10 | $0 |
Jeff Katheman Vice Preside | OfficerTrustee | 10 | $0 |
Kelly Refsnider Treasurer | OfficerTrustee | 10 | $0 |
Matt Njos Secretary | OfficerTrustee | 5 | $60,818 |
Amie Engels Membership D | Trustee | 10 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $50 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $50 |
Total Program Service Revenue | $654,882 |
Investment income | $9,520 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$3,720 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | -$10,726 |
Net Income from Sales of Inventory | $37,065 |
Miscellaneous Revenue | $0 |
Total Revenue | $687,071 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $4,500 |
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 | $97,383 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $44,745 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,640 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $3,773 |
Fees for services: Other | $16,797 |
Advertising and promotion | $6,647 |
Office expenses | $5,347 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $30,616 |
Travel | $0 |
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 | $3,792 |
Insurance | $1,135 |
All other expenses | $68,188 |
Total functional expenses | $632,578 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $266,717 |
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 | $440 |
Net Land, buildings, and equipment | $54,016 |
Investments—publicly traded securities | $364,496 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $438 |
Total assets | $686,107 |
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 | $70 |
Total liabilities | $70 |
Net assets without donor restrictions | $686,037 |
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 | $686,107 |