Navy-Marine Corps Regional Training Center
- Assets
- $1.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-5717042
Organization Overview
Navy-Marine Corps Regional Training Center is located in Annapolis, MD. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Navy-Marine Corps Regional Training Center 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, Navy-Marine Corps Regional Training Center generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 22.8% each year . All expenses for the organization totaled $153.5k during the year ending 12/2023. While expenses have increased by 15.1% per year over the past 9 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 SUPPORT OLYMPIC HOPEFUL WRESTLERS AS THEY TRAIN FOR INTERNATIONAL COMPETITION AND EARN A SPOT ON THE US OLYMPIC TEAM. OUR OLYMPIC HOPEFULS TRAIN AT THE US NAVAL ACADEMY AND WORK OUT WITH THE USNA WRESTLING TEAM AFFORDING THE MIDSHIPMEN THE OPPORTUNITY TO HONE THEIR SKILLS AGAINST SUPERIOR TALENT. WE ALSO OFFER THE OPPORTUNITY FOR QUALIFIED, LOCAL (WITHIN 250 MILES) HIGH SCHOOL WRESTLERS TO PARTICIPATE IN NMCRTC PRACTICES AT NO COST. THROUGHOUT OUR ACTIVITIES, WE EMBED A SENSE OF SELFLESS/SERVANT LEADERSHIP FOR ALL ATHLETES AND COACHES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ASSISTS OLYMPIC HOPEFUL ATHLETES TO ATTAIN THEIR GOALS OF PARTICIPATING AS MEMBERS OF THE US OLYMPIC WRESTLING TEAM. WE DO THIS BY PROVIDING A STIPEND TO COVER THEIR LIVING COSTS WHILE THEY TRAIN TOGETHER, AS WELL AS HOUSING IN ANNAPOLIS, AND THE REGISTRATION AND TRAVEL COSTS FOR COMPETITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Sattler Co-Chairman,board Of Directors | OfficerTrustee | 12 | $0 |
Stephen Comiskey Director | Trustee | 5 | $0 |
Tom Jones Director | Trustee | 1 | $0 |
Jon Antonelli Treasurer And Director | OfficerTrustee | 12 | $0 |
Matthew Treaster Director | Trustee | 4 | $0 |
Matt Ford Director | Trustee | 1 | $0 |
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 | $1,606,949 |
| Noncash contributions included in lines 1a–1f | $1,450,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,606,949 |
| Total Program Service Revenue | $0 |
| Investment income | $3,585 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$4,056 |
| 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 | $1,606,478 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $4,464 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,877 |
| Advertising and promotion | $1,406 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $3,979 |
| Total functional expenses | $153,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,189 |
| Savings and temporary cash investments | $261,228 |
| 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 | $1,449,367 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,100 |
| Total assets | $1,759,884 |
| 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 |
| Net assets without donor restrictions | $0 |
| 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 | $1,759,884 |
| Total liabilities and net assets/fund balances | $1,759,884 |