Matpac Wrestling Club Inc
- Assets
- $8.1m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 176
- Location
- Bismarck, ND
- Founding
- 07/1998
- Data as of
- 12/2023
- EIN
- 45-0410854
Organization Overview
Matpac Wrestling Club Inc is located in Bismarck, ND. The organization was established in 1998. 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 12/2023, Matpac Wrestling Club Inc employed 176 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matpac 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 12/2023, Matpac Wrestling Club Inc generated $3.7m in total revenue. All expenses for the organization totaled $905.5k during the year ending 12/2023. While expenses have increased by 40.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE WRESTLING PROGRAMS FOR THE BENEFIT OF YOUTH AND THEIR FAMILIES SO THEY MAY ENJOY GROWTH THROUGH RECREATIONAL AND COMPETITIVE WRESTLING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF YOUTH, PHYSICALLY AND EMOTIONALLY, THROUGH SPORTING ACTIVITIES INCLUDING THOSE AT WRESTLING CAMP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geralyn Moen Site Manager | 40 | $140,000 | |
Jeff Schumacher Director | Trustee | 5 | $23,645 |
Richard Steidler President | OfficerTrustee | 1 | $0 |
Mark Lardy Vice President | OfficerTrustee | 1 | $0 |
Jeremy Jangula Treasurer | OfficerTrustee | 1 | $0 |
Chad Renner Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dean Kautzman Group Pllc Accounting And Tax Services | 12/30/23 | $231,800 |
Northern Improvement Company Building Renovations | 12/30/23 | $185,169 |
Financial Statements
| 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 | $5,219 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,219 |
| Total Program Service Revenue | $43,942 |
| Investment income | $63,904 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,213 |
| Net Gain/Loss on Asset Sales | -$8,430 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $3,545,802 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,689,540 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $243,990 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $30,300 |
| 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 | $16,008 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,362 |
| Fees for services: Other | $102,739 |
| Advertising and promotion | $21,812 |
| Office expenses | $14,820 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $632 |
| Travel | $46,423 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $318 |
| Interest | $13,417 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $214,221 |
| Insurance | $4,876 |
| All other expenses | $23,687 |
| Total functional expenses | $905,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,626,027 |
| 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 | $55,795 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,407 |
| Net Land, buildings, and equipment | $3,241,009 |
| Investments—publicly traded securities | $1,212,545 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,700 |
| Total assets | $8,141,483 |
| 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 | $390,607 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,617 |
| Total liabilities | $393,224 |
| Net assets without donor restrictions | $7,748,259 |
| 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 | $8,141,483 |
Grants Awarded
Over the last fiscal year, Matpac Wrestling Club Inc has awarded $142,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BHS FOOTBALL BOOSTERS FOUNDATION PURPOSE: Community Support | $10,000 |
THIEF RIVER FALLS EDUCATION FOUNDATION PURPOSE: Community Support | $50,000 |
HOLD THE LINE PURPOSE: Community Support | $5,000 |
MANDAN WRESTLING CLUB PURPOSE: Community Support | $7,000 |
MINDFUL HEALTH PURPOSE: Community Support | $8,000 |
PRO-CATHEDRAL OF ST MARY PURPOSE: Community Support | $5,000 |