Darkhorse Wrestling
- Assets
- $6.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 10/2018
- Data as of
- 08/2023
- EIN
- 46-3945949
Organization Overview
Darkhorse Wrestling is located in Charlotte, NC. The organization was established in 2018. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Darkhorse 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 08/2023, Darkhorse Wrestling generated $100.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $102.7k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 4 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
2023
Describe the Organization's Program Activity:
Part 3
DARKHORSE WRESTLING IS DEDICATED TO DEVELOPING YOUNG PEOPLE THROUGH WRESTLING IN AND AROUND THE CHARLOTTE NC AREA. WE ARE DRIVEN TO ESTABLISHING CHARLOTTE AS THE PREMIER WRESTLING LOCATION ACROSS NORTH CAROLINA AND THE SOUTHERN UNITED STATES. BY INTRODUCING YOUNG WRESTLERS TO THE SPORT AND BY PROVIDING MORE EXPERIENCED WRESTLERS TOP-FLIGHT COACHING THROUGH INTENSIVE TRAINING. DARKHORSE WRESTLING HAS A FOCUSED DRIVE TOWARD PROMOTING THE SPORT OF WRESTLING AND ENHANCING CHARLOTTE'S POSITION ON THE STATE AND NATIONAL LEVELS. IN DOING SO WE HOPE TO DEVELOP A SENSE OF DEDICATION HARD WORK RESPONSIBILITY AND ACCOUNTABILITY IN THE YOUNG PEOPLE WHO CHOOSE TO JOIN US AT DARKHORSE. HUNDREDS OF KIDS HAVE BENEFITED THROUGHOUT THE YEAR FROM THE CLUB'S FACILITIES COACH,TRAINING CLINICS AND TOURNAMENTS AVAILABLE TO THE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Casey Boyle Principal & Coach | 25 | $3,845 | |
Doug Stewart Principal & Administratoristrator | 25 | $0 | |
Jim Avola Principal & Coach | 25 | $9,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $224 |
| Total Program Service Revenue | $100,525 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $100,749 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $37,250 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $36,725 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,677 |
| Total expenses | $102,652 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,000 |
| Other assets | $0 |
| Total assets | $6,000 |
| Total liabilities | $0 |
| Net assets or fund balances | $6,000 |