National Wheelcats Inc
- Assets
- $981.3k
- Revenue
- $345.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Guthrie, KY
- Founding
- 10/1985
- Data as of
- 12/2021
- EIN
- 52-1634159
Organization Overview
National Wheelcats Inc is located in Guthrie, KY. The organization was established in 1985. 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 12/2021, National Wheelcats Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Wheelcats 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 12/2021, National Wheelcats Inc generated $345.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $174.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.5%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SPONSORS COMPETITIVE SPORTS FOR THE PHYSICALLY CHALLENGED. THIS INCLUDES WORK WITH BOTH JUNIORS AND ADULTS. THE SPORTS INCLUDE BASKETBALL, GOLF, TENNIS, TRACK, FISHING, ICE HOCKEY, AND OTHER SPORTING EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SPONSORS COMPETITIVE SPORTS FOR THE PHYSICALLY CHALLENGED. THIS INCLUDES WORK WITH BOTH JUNIORS AND ADULTS. THE SPORTS INCLUDE BASKETBALL, GOLF, TENNIS, TRACK, FISHING, ICE HOCKEY, AND OTHER SPORTING EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vena Mccormack Treasurer | OfficerTrustee | 30 | $26,000 |
Kelly Skelton-Wise Secretary | OfficerTrustee | 15 | $15,600 |
Leah Davis Vice Preside | OfficerTrustee | 3 | $0 |
Nole Dillard Vice Preside | OfficerTrustee | 2 | $0 |
Mark Singer President | OfficerTrustee | 6 | $0 |
Troy Weise Sports Direc | Trustee | 6 | $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 | $27,255 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,255 |
| Total Program Service Revenue | $0 |
| Investment income | $22,020 |
| 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 | $296,569 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $345,844 |
| 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. | $41,600 |
| Compensation of current officers, directors, key employees. | $20,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,772 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,580 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,387 |
| Office expenses | $6,507 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,079 |
| 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 | $26,265 |
| Insurance | $7,591 |
| All other expenses | $63,220 |
| Total functional expenses | $174,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,108 |
| Savings and temporary cash investments | $50,736 |
| 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 | $9,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $220,753 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $487,708 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $981,305 |
| Accounts payable and accrued expenses | $875 |
| 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 | $875 |
| Net assets without donor restrictions | $980,430 |
| 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 | $981,305 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that National Wheelcats Inc has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
Nashville Predators Foundation Nashville, TN PURPOSE: WE ARE ARE REQUESTING FUNDING TO PAY FOR ICE RENTAL FOR THE 4TH ANNUAL SMASHVILLE JR SLED HOCKEY INVITATIONAL. THE TOURNAMENT WILL TAKE PLACE AT FORD ICE CENTER. | $6,500 |
Nashville Predators Foundation Nashville, TN PURPOSE: WE ARE ARE REQUESTING FUNDING TO PAY FOR ICE RENTAL FOR THE 4TH ANNUAL SMASHVILLE JR SLED HOCKEY INVITATIONAL. THE TOURNAMENT WILL TAKE PLACE AT FORD ICE CENTER. | $6,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Gamma Fraternity Columbus, OH | $24,648,581 | $44,041,794 |
Kappa Kappa Gamma Fraternity Inc Dublin, OH | $6,485,391 | $48,587,416 |
Alpha Omicron Pi Fraternity Inc Brentwood, TN | $92,549,328 | $43,130,066 |
Zeta Tau Alpha Fraternity Carmel, IN | $13,572,932 | $39,083,661 |
Army Navy Country Club Arlington, VA | $99,356,910 | $42,965,360 |
Country Club Of Virginia Inc Richmond, VA | $91,534,297 | $40,685,067 |
Medinah Country Club Medinah, IL | $51,813,196 | $25,838,666 |
Farmington Country Club Inc Charlottesville, VA | $52,436,644 | $25,257,129 |
Delta Zeta National Housing Corporation Oxford, OH | $87,996,446 | $22,719,151 |
Washington Golf And Country Club Inc Arlington, VA | $48,455,931 | $21,067,505 |
Union League Club Of Chicago Chicago, IL | $26,749,429 | $20,158,030 |
Missouri Athletic Club St Louis, MO | $22,640,194 | $18,091,674 |