Team Valley Wrestling
- Assets
- $391.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Clear Lake, IA
- Founding
- 06/2012
- Data as of
- 12/2022
- EIN
- 45-3058899
Organization Overview
Team Valley Wrestling is located in Clear Lake, IA. The organization was established in 2012. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Valley Wrestling 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 12/2022, Team Valley Wrestling generated $36.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $40.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDING WRESTLING INSTRUCTION AND EDUCATION TO CHILDREN IN THE NORTH IOWA AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel M Gabrielson President/se | 1 | $0 | |
Jeremy D Abbas Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,154 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $36,154 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $8,388 |
| Professional fees and other payments to independent contractors | $1,750 |
| Occupancy, rent, utilities, and maintenance | $19,556 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,828 |
| Total expenses | $40,522 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $102 |
| Other assets | $0 |
| Total assets | $391,815 |
| Total liabilities | $187,151 |
| Net assets or fund balances | $204,664 |
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