Miles City Wrestling Club Inc is located in Miles City, MT. The organization was established in 2002. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, 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. Miles City Wrestling Club 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 12/2022, Miles City Wrestling Club Inc generated $124.5k 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 (26.7%) each year. All expenses for the organization totaled $55.4k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND IMPROVE AMATEUR WRESTLING IN THE CITY OF MILES CITY, IN ACCORDANCE WITH THE STANDARDS AND RULES OF THE MONTANA STATE AND NATIONAL AMATEUR ATHLETIC UNION; TO PROMOTE SPORTSMANSHIP AND CHARACTER OF PARTICIPATING ATHLETES; TO PROVIDE OPPORTUNITY AND TRAINING IN THE SPORT OF WRESTLING FOR INTERESTED YOUTHS FROM AGES FOUR TO EIGHTEEN; AND TO CONDUCT JUNIOR OLYMPIC DEVELOPMENT PROGRAMS IN THE SPORT OF AMATEUR WRESTLING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FOSTER AND IMPROVE AMATEUR WRESTLING IN THE CITY OF MILES CITY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Emmett Willson Director | Trustee | 0.5 | $0 |
Matt Benjamin Director | Trustee | 0.5 | $0 |
Jeremy Harms Director | Trustee | 0.5 | $0 |
Silas Counts Director | Trustee | 0.5 | $0 |
Derrick Tvedt Director | Trustee | 0.5 | $0 |
Ren Gardner President | Officer | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $12,996 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $63,390 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $76,386 |
Total Program Service Revenue | $0 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $6,600 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $41,480 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $124,466 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $1,716 |
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 | $780 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,890 |
Advertising and promotion | $890 |
Office expenses | $424 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $6,079 |
Travel | $1,443 |
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 | $16,842 |
Insurance | $3,376 |
All other expenses | $2,302 |
Total functional expenses | $55,438 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $70,960 |
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 | $552,910 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $833 |
Other assets | $0 |
Total assets | $624,703 |
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 | $565,774 |
Net assets with donor restrictions | $58,929 |
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 | $624,703 |