Princeton Wrestling Club Inc
- Assets
- $13.0k
- Revenue
- $304.6k
- Investments
- $0.0
- Employees
- 8
- Location
- Princeton Junction, NJ
- Founding
- 02/2017
- Data as of
- 07/2021
- EIN
- 81-3402753
Organization Overview
Princeton Wrestling Club Inc is located in Princeton Junction, NJ. The organization was established in 2017. 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 07/2021, Princeton Wrestling Club Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton 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 07/2021, Princeton Wrestling Club Inc generated $304.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $342.1k during the year ending 07/2021. 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
PRINCETON WRESTLING CLUB (PWC) IS A 501(C)(3) NONPROFIT ORGANIZATION WITH THE MISSION OF PROMOTING THE SPORT OF WRESTLING AND UTILIZING ITS DISCIPLINE TO INSTILL CHARACTER, CONFIDENCE, WORK ETHIC, AND MENTAL TOUGHNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRINCETON WRESTLING CLUB (PWC) IS A 501(C)(3) NONPROFIT ORGANIZATION WITH THE MISSION OF PROMOTING THE SPORT OF WRESTLING AND UTILIZING ITS DISCIPLINE TO INSTILL CHARACTER, CONFIDENCE, WORK ETHIC, AND MENTAL TOUGHNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Jamison Executive Director | OfficerTrustee | 20 | $15,000 |
Rob Schmidt President | OfficerTrustee | 1 | $0 |
Todd Greene Treasurer | OfficerTrustee | 1 | $0 |
Dominique Jones Secretary | OfficerTrustee | 1 | $0 |
Lori Ayres Director | Trustee | 1 | $0 |
Jim Brophy Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $97,300 |
| Related organizations | $0 |
| Government grants | $33,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $162,942 |
| Noncash contributions included in lines 1a–1f | $5,484 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $293,617 |
| Total Program Service Revenue | $20,025 |
| Investment income | $31 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$217 |
| Net Income from Fundraising Events | -$8,900 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $304,556 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $19,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $124,654 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,847 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,400 |
| Travel | $46,309 |
| 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 | $5,826 |
| All other expenses | $3,808 |
| Total functional expenses | $342,136 |
| 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 | $12,973 |
| Total assets | $12,973 |
| Accounts payable and accrued expenses | $1,117 |
| 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 | $2,425 |
| Total liabilities | $3,542 |
| 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 | $9,431 |
| Total liabilities and net assets/fund balances | $12,973 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Princeton Wrestling Club Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Robert Mceldowney Jr Family Foundation Williamsburg, VA PURPOSE: COMMUNITY BASED | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Union League Of Philadelphia Philadelphia, PA | $166,421,963 | $49,124,019 |
New York Athletic Club New York, NY | $79,824,386 | $36,957,466 |
University Club New York, NY | $61,571,312 | $30,883,399 |
Baltusrol Golf Club Springfield, NJ | $73,541,672 | $26,510,520 |
Winged Foot Golf Club Inc Mamaroneck, NY | $47,661,307 | $23,506,154 |
New York Yacht Club New York, NY | $54,553,348 | $22,663,268 |
Canoe Brook Country Club Summit, NJ | $49,012,793 | $22,669,304 |
Glen Oaks Club Inc Old Westbury, NY | $13,779,705 | $20,068,781 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |
Piping Rock Club Locust Valley, NY | $31,334,038 | $17,059,500 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |