Velva Bulls
- Assets
- $346.3k
- Revenue
- $382.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Velva, ND
- Founding
- Data as of
- 12/2023
- EIN
- 85-3391570
Organization Overview
Velva Bulls is located in Velva, ND. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Velva Bulls is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
YOUTH WRESTLING CLUB WITH THE GOAL TO GIVE EVERY ATHLETE THE TOOLS THEY NEED TO BECOME A BETTER WRESTLER, STUDENT AND CITIZEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VELVA BULLS WRESTLING CLUB IS DEDICATED TO TEACHING THE BASIC TECHNIQUES OF WRESTLING WHILE KEEPING A FUN, LEARNING ENVIRONMENT FOR ALL WRESTLERS, AT ALL LEVELS AND AGES. THE VELVA BULLS YOUTH WRESTLING CLUB'S GOAL IS TO GIVE EACH KID WHO WANTS TO PARTICIPATE IN AN AFTERSCHOOL SPORT THE OPPPRTUNITY TO DO SO AND TO SUCCEED WITHIN THE PROGRAM ON THE MAT AND, MORE IMPORTANTLY, OFF THE MAT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Barstad President | Trustee | 1 | $0 |
James Anderson Secretary | Trustee | 1 | $0 |
Alex Schmaltz Treasurer | Trustee | 1 | $0 |
Kayla Long Board Member | Trustee | 1 | $0 |
Sara Klein Board Member | Trustee | 1 | $0 |
Greg Finneseth Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $132,565 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $250,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $382,565 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $382,565 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,325 |
| Advertising and promotion | $1,964 |
| Office expenses | $1,629 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,896 |
| 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 | $10,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $17,687 |
| Total functional expenses | $60,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $346,315 |
| 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 | $0 |
| Total assets | $346,315 |
| 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 | $346,315 |
| Total liabilities and net assets/fund balances | $346,315 |