Matpac Wrestling Club Inc
- Assets
- $4.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 159
- Location
- Bismarck, ND
- Founding
- 07/1998
- Data as of
- 12/2021
- EIN
- 45-0410854
Organization Overview
Matpac Wrestling Club Inc is located in Bismarck, ND. The organization was established in 1998. 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, Matpac Wrestling Club Inc employed 159 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matpac 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, Matpac Wrestling Club Inc generated $2.1m in total revenue. All expenses for the organization totaled $402.0k during the year ending 12/2021. While expenses have increased by 31.1% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE WRESTLING PROGRAMS FOR THE BENEFIT OF YOUTH AND THEIR FAMILIES SO THEY MAY ENJOY GROWTH THROUGH RECREATIONAL AND COMPETITIVE WRESTLING.
Describe the Organization's Program Activity:
DEVELOPMENT OF YOUTH, PHYSICALLY AND EMOTIONALLY, THROUGH SPORTING ACTIVITIES INCLUDING THOSE AT WRESTLING CAMP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Lardy Vice President | OfficerTrustee | 1 | $0 |
Dyke Boese President | OfficerTrustee | 1 | $0 |
Jeremy Jangula Treasurer | OfficerTrustee | 1 | $0 |
Chad Renner Director | Trustee | 1 | $0 |
Logan Thompson Director | Trustee | 1 | $0 |
Jeff Schmacher Director | Trustee | 1 | $0 |
Financial Statements
| 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 | $1,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,450 |
| Total Program Service Revenue | $74,741 |
| Investment income | $2,747 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,417 |
| Net Gain/Loss on Asset Sales | $1,358 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $2,012,013 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,108,759 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70,575 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,600 |
| 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 | $527 |
| Fees for services: Accounting | $960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,033 |
| Advertising and promotion | $14,170 |
| Office expenses | $36,202 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,045 |
| Travel | $14,583 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $759 |
| Interest | $12,141 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,527 |
| Insurance | $9,018 |
| All other expenses | $8,816 |
| Total functional expenses | $401,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,720,754 |
| 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 | $55,226 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $50,600 |
| Net Land, buildings, and equipment | $2,167,315 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,700 |
| Total assets | $3,996,595 |
| Accounts payable and accrued expenses | $22,038 |
| 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 | $1,262,870 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,259 |
| Total liabilities | $1,288,167 |
| Net assets without donor restrictions | $2,708,428 |
| 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 | $3,996,595 |
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