Wrestlers In Business Network Inc
- Assets
- $0.0
- Revenue
- $195.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Independence, OH
- Founding
- Data as of
- 12/2017
- EIN
- 46-2533465
Organization Overview
Wrestlers In Business Network Inc is located in Independence, OH. Wrestlers In Business Network 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 12/2017, Wrestlers In Business Network Inc generated $195.4k 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 (18.0%) each year. All expenses for the organization totaled $140.8k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (18.9%) per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
WRESTLERS IN BUSINESS NETWORK PROVIDES CHARITABLE SUPPORT TO AMATURE COLLEGIATE WRESTING PROGRAMS AND EVENTS, SECONDARY EDUCATIONAL PROGRAMS, UNDER FUNDED SCHOOLS AND OTHER 501(C)(3) ORGANIZATIONS PROMOTING THE SPORT OF WRESTLING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONDUCTS EVENTS THAT SUPPORT AND ADVOCATE THE SPORT OF WRESTLING, INCREASE PUBLIC AWARENESS OF WRESTLING AND PROMOTE WRESTLING EDUCATION PROGRAMS INCLUDING URBAN AREAS TO SERVE AT-RISK KIDS. THE ORGANIZATION ALSO PROVIDES CHARITABLE SUPPORT TO SCHOOL WRESTLING PROGRAMS AND OTHER 501(C)(3) WRESTLING ORGANIZATIONS.
THE ORGANIZATION, IN COLLABORATION WITH THE NATIONAL WRESTLING COACHES ASSOCIATION, HOST AN ANNUAL COLLEGE ALL STAR MEET TO SUPPORT COLLEGIATE WRESTLING, FOSTER COMPETITION AND ENCOURGE WRESTLING PROGRAMS NATIONWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Grossman President | OfficerTrustee | 1 | $0 |
Derek Donahue Secretary | OfficerTrustee | 1 | $0 |
John Cvetic Treasurer | OfficerTrustee | 1 | $0 |
Rob Larmore Board Member | Trustee | 1 | $0 |
Bob Brams Board Member | Trustee | 1 | $0 |
Darrell Randall Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $37,121 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,371 |
| Total Program Service Revenue | $156,048 |
| Investment income | $15 |
| 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 | $195,434 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,616 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,500 |
| Advertising and promotion | $4,416 |
| Office expenses | $331 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,919 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,308 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $140,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $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 | $0 |
| 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 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, Wrestlers In Business Network Inc has awarded $31,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL WRESTLING COACHES ASSN PURPOSE: SUPPORT ALL STAR CLASSIC COLLEGE | $25,000 |
CALIFORNIA STATE UNIVERSITY FRESNO PURPOSE: SUPPORT FSU BULLDOGS WRESTLING PROGRAM | $6,000 |