Finger Lakes Wrestling Club Inc
- Assets
- $1.8m
- Revenue
- $524.9k
- Investments
- $0.0
- Employees
- 14
- Location
- Ithaca, NY
- Founding
- 07/2007
- Data as of
- 12/2021
- EIN
- 20-3725136
Organization Overview
Finger Lakes Wrestling Club Inc is located in Ithaca, NY. The organization was established in 2007. 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 12/2021, Finger Lakes Wrestling Club Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Finger Lakes 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 12/2021, Finger Lakes Wrestling Club Inc generated $524.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $635.5k during the year ending 12/2021. While expenses have increased by 9.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROMOTE THE EDUCATION AND TRAINING OF PERSONS IN SCHOLASTIC, COLLEGIATE AND INTERNATIONAL WRESTLING RULES AND TECHNIQUES AS WELL AS IN PHYSICAL AND MENTAL FITNESS; THE EDUCATION OF PERSONS WHO ASPIRE TO COACH WRESTLING; AND THE EDUCATION OF THE GENERAL PUBLIC IN THE SPORT OF WRESTLING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EDUCATE AND TRAIN PARTICIPANTS FROM THE LOCAL AREA IN SCHOLASTIC, COLLEGIATE, AND INTERNATIONAL WRESTLING RULES AND TECHNIQUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Pace Secretary/treasurer | OfficerTrustee | 40 | $32,646 |
Gene Nighman Vice President | OfficerTrustee | 5 | $0 |
Eric Toftegaard Vice President | OfficerTrustee | 5 | $0 |
Dick Ballard President | OfficerTrustee | 5 | $0 |
Carl Koenig Director | Trustee | 5 | $0 |
Orlando Turco Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $364,957 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $415,707 |
| Total Program Service Revenue | $52,001 |
| Investment income | $21,639 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$37,726 |
| Net Gain/Loss on Asset Sales | $68,147 |
| Net Income from Fundraising Events | -$2,866 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $524,942 |
| 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. | $32,646 |
| Compensation of current officers, directors, key employees. | $32,646 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $220,256 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $91,242 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,190 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,850 |
| Office expenses | $16,721 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,596 |
| Travel | $79,637 |
| 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 | $2,508 |
| Insurance | $12,076 |
| All other expenses | $4,334 |
| Total functional expenses | $635,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,892 |
| 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 | $9,575 |
| Net Land, buildings, and equipment | $779,089 |
| Investments—publicly traded securities | $838,283 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,775,839 |
| 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 | $590,471 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,436 |
| Total liabilities | $601,907 |
| Net assets without donor restrictions | $1,173,932 |
| 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 | $1,775,839 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Finger Lakes Wrestling Club Inc has recieved totaling $14,500.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $14,500 |
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 |
Country Club Chestnut Hill, MA | $75,043,157 | $30,549,304 |
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 |
Wee Burn Country Club Inc Darien, CT | $32,519,463 | $16,725,850 |