Pursuit Wrestling Academy
- Assets
- $47.5k
- Revenue
- $111.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Quakertown, PA
- Founding
- Data as of
- 12/2022
- EIN
- 88-1740935
Organization Overview
Pursuit Wrestling Academy is located in Quakertown, PA. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Pursuit Wrestling Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATIONS MISSION IS TO TEACH, MENTOR, EDUCATE AND GUIDE CHILDREN BETWEEN THE AGES OF 4 AND 19 IN THE PRINCIPLES, PRACTICES AND METHODS OF YOUTH WRESTLING. THESE STUDENTS TRAIN TO COMPETE IN SCHOLASTIC COMPETITIONS AND SANCTIONED EVENTS IN THE BUCKS COUNTY AREA AND IN OTHER AREAS OF PENNSYLVANIA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel J Walters President | 40 | $11,000 | |
Joseph R Masciantonio III Vice President | 7 | $0 | |
Samuel J Walters Treasurer | 0 | $0 | |
Samuel J Walters Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $36,711 |
| Total Revenue | $111,711 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,000 |
| Other employee salaries and wages | $7,533 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $4,092 |
| Occupancy | $23,743 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $9 |
| Other expenses | $11,189 |
| Total operating and administrative expenses | $64,244 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $64,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,911 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $24,556 |
| Other assets | $3,000 |
| Total assets | $47,467 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |