Historically Black Colleges And Universities Wrestling Initiative is located in National Harbor, MD. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historically Black Colleges And Universities Wrestling Initiative 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH AND RESTORE NCAA WRESTLING TO AMERICAS HISTORICALLY BLACK COLLEGES AND UNIVERSITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RESOURCES FOR A NCAA DIVISION I INTERCOLLEGIATE WRESTLING PROGRAM. RESOURCES INCLUDE FINANCIAL COMMITMENT STRATEGIC PLANNING AND COACHES TRAINING TO ULTIMATELY ALLOW STUDENT ATHLETES AN EXPERIENCE THAT WILL CULTIVATE LEADERSHIP. THE HBCU WRESTLING INITIATIVE WAS INSTRUMENTAL IN ADVANCING MORGAN STATE UNIVERSITYS NCAA DIVISION I WRESTLING PROGRAM IN YEAR TWO 2023-24. THE PROGRAM REACHED ITS GOAL OF A FULL ROSTER WITH 30 STUDENT-ATHLETES INCLUDING STATE CHAMPIONS AND NATIONALLY RANKED COMPETITORS SUPPORTED BY 9 FULL NCAA SCHOLARSHIPS. OLYMPIC GOLD MEDALIST KENNY MONDAY CONTINUED TO LEAD THE PROGRAM AS HEAD COACH SUPPORTED BY TWO FULL-TIME ASSISTANT COACHES ENSURING HIGH-LEVEL MENTORSHIP AND LEADERSHIP DEVELOPMENT. FACILITY UPGRADES INCLUDING NEW PRACTICE MATS LOCKER ROOM RENOVATIONS AND TRAINING EQUIPMENT ENHANCED THE TRAINING ENVIRONMENT. COMMUNITY ENGAGEMENT EFFORTS SUCH AS HOSTING NEARLY 100 PARTICIPANTS IN THE BEARS WRESTLING CLUB FURTHER FOSTERED YOUTH INTEREST
THE BLACK WALL SUITE IS A PROGRAM OF HBCU WRESTLING HOSTED DURING THE NCAA WRESTLING CHAMPIONSHIPS ALONGSIDE OTHER EVENTS THAT HIGHLIGHT THE INTERSECTION OF WRESTLING CULTURE AND COMMUNITY IMPACT. THIS EXCLUSIVE EXPERIENCE BRINGS TOGETHER DONORS COLLEGE ADMINISTRATORS COMMUNITY LEADERS AND SUPPORTERS TO CELEBRATE BLACK EXCELLENCE AND FOSTER CONNECTIONS WITHIN THE WRESTLING WORLD. THE PROGRAM KICKED OFF WITH A MEMORABLE EVENT IN TULSA ON BLACK WALL STREET SETTING THE TONE FOR ITS MISSION TO RAISE AWARENESS AND FUNDING. THROUGH NETWORKING OPPORTUNITIES AND CULTURAL SHOWCASES THE BLACK WALL SUITE AND ITS ACCOMPANYING EVENTS SUPPORT THE GROWTH OF WRESTLING PROGRAMS AT HISTORICALLY BLACK COLLEGES AND UNIVERSITIES ADVANCING HBCU WRESTLINGS MISSION TO CREATE OPPORTUNITIES FOR ATHLETES AND INSTITUTIONS TO THRIVE.
THE HBCU WRESTLING SUMMER TOUR HOSTED ON HBCU CAMPUSES PROVIDES YOUTH FROM UNDERREPRESENTED COMMUNITIES HANDS-ON TRAINING LED BY ACCOMPLISHED WRESTLERS AND COACHES. CAMPS AT DELAWARE STATE UNIVERSITY AND NORFOLK STATE UNIVERSITY IMPACTED NEARLY 200 YOUNG ATHLETES INCLUDING 60 GIRLS AT DELAWARE STATES ALL-GIRLS CLINIC AND 130 PARTICIPANTS AT NORFOLK STATES TWO-DAY CAMP. THESE EVENTS BUILT SKILLS CONFIDENCE AND TEAMWORK WHILE ALSO SHOWCASING THE VALUE OF NCAA WRESTLING PROGRAMS TO COLLEGE ADMINISTRATORS. DELAWARE STATE WAS INSPIRED TO MOVE FORWARD WITH ADDING DIVISION I WOMENS WRESTLING THE FIRST AT A HISTORICALLY BLACK COLLEGE FURTHERING OPPORTUNITIES IN THE SPORT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kerry Mccoy Board President | OfficerTrustee | 2 | $0 |
Nate Parker Vice President | OfficerTrustee | 2 | $0 |
Phil Arnold Treasurer And Secretary | OfficerTrustee | 2 | $0 |
Carl Adams Board Member | Trustee | 2 | $0 |
Lydell Henry Board Member | Trustee | 2 | $0 |
Lydell Sargeant Board Member | Trustee | 2 | $0 |
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 | $423,759 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $423,759 |
Total Program Service Revenue | $9,159 |
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 | $225 |
Miscellaneous Revenue | $0 |
Total Revenue | $433,143 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $220,000 |
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. | $136,807 |
Compensation of current officers, directors, key employees. | $41,042 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $15,179 |
Payroll taxes | $34,734 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,460 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $3,544 |
Advertising and promotion | $269 |
Office expenses | $165 |
Information technology | $6,637 |
Royalties | $0 |
Occupancy | $19,584 |
Travel | $14,176 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $56,319 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $508,874 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $108,530 |
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 | $7,178 |
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 | $3,310 |
Total assets | $119,018 |
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 | $119,018 |
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 | $119,018 |