Nonprofit · EIN 25-1408517
NITTANY LION WRESTLING CLUB
Tax-exempt · STATE COLLEGE, PA 16804
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,806,160 | $2,053,008 | $753,152 | $11,429,292 | $0 | $11,429,292 |
| December 31, 2023 | 990 (amended) | $1,571,934 | $2,089,531 | -$517,597 | $11,065,219 | $0 | $11,065,219 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,664,534
- Membership dues
- $21,955
- Program service revenue
- $31,504
- Investment income
- $1,063,646
- Net gain from sales of assets
- $683,640
- Net income from fundraising events
- $36,904
- Net income from gaming
- $9,572
- Other revenue
- $46,476
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $349,884
- Other salaries and wages
- $952,433
- Salaries, compensation and benefits (total)
- $1,610,531
- Professional fundraising fees
- $0
- Legal fees
- $1,025
- Accounting fees
- $10,636
- Travel
- $84,757
- Program services (functional)
- $1,716,026
- Management and general (functional)
- $203,112
- Fundraising (functional)
- $133,870
Balance sheet and other
- Total assets, start of year
- $11,065,219
- Total assets, end of year
- $11,429,292
- Total liabilities, end of year
- $0
- Net assets, end of year
- $11,429,292
- Net assets without donor restrictions
- $11,429,292
- Gross receipts
- $9,862,673
- Employees
- 23
- Volunteers
- 100
- Year formed
- 1981
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAKE VARNER | KEY EMPLOYEE Key employee | 40 | $181,771 | $32,345 |
| KYLE DAKE | EMPLOYEE Highest-paid employee | 40 | $110,354 | $31,786 |
| DAVID HART | EXECUTIVE DIRECTOR Officer | 40 | $95,792 | $39,976 |
| CLAY STEADMAN | EMPLOYEE Highest-paid employee | 40 | $112,500 | $0 |
| TERRY CHANDLER | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| JAMES ENGLISH | VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| DAVE BECKER | DIRECTOR Trustee or director | 3 | $0 | $0 |
| BILL BUCKLEY | DIRECTOR Trustee or director | 3 | $0 | $0 |
| SAM CONDO | DIRECTOR Trustee or director | 3 | $0 | $0 |
| EDWARD DARE | DIRECTOR Trustee or director | 3 | $0 | $0 |
| DARREL ZACCAGNI | DIRECTOR Trustee or director | 3 | $0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACOB VARNER | HEAD CLUB COACH | 40 | $150,540 |
| DAVID HART | EXE DIR,TRE,SEC Trustee or director, Officer | 40 | $91,918 |
| JAMES ENGLISH | Vice President Trustee or director, Officer | 3 | $0 |
| TERRY CHANDLER | President Trustee or director, Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 316, STATE COLLEGE, PA 16804-0316
- Principal officer (990 for 2024)
- DAVID HART, PO BOX 316, STATE COLLEGE, PA 16804
- Signed the 990
- DAVid HART, TREASURER
- Phone
- (814) 574-7799
- Website
- NITTANYLIONWRESTLINGCLUB.COM
- Return prepared by
- Fiore Fedeli Snyder Carothers LLP
Mission
THE PURPOSE OF THE NITTANY LION WRESTLING CLUB IS EDUCATIONAL, AS THAT TERM IS DEFINED IN SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE. THE NITTANY LION WRESTLING CLUB (HEREAFTER REFERRED TO AS THE NLWC) SHALL PROMOTE (A) THE EDUCATION AND TRANING OF PERSONS IN SCHOLASTIC, COLLEGIATE, AND INTERNATIONAL WRESTLING RULES AND TECHNIQUES AS WELL AS IN PHYSICAL AND MENTAL FITNESS; (B) THE EDUCATION OF PERSONS WHO ASPIRE TO COACH WRESTLING; AND (C) THE EDUCATION OF THE GENERAL PUBLIC IN THE SPORT OF WRESTLING.
Program accomplishments
- SKILLED WRESTLING INSTRUCTIONS PROVIDED AT THE CAMPS, CLINICS, TOURNAMENTS, AND SUPPORT FOR AN OLYMPIC REGIONAL TRANING CENTER AND RESIDENT ATHLETE PROGRAM CONDUCTED BY THE CLUB.Expenses $1,716,026
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 25-1408517
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $11,429,292
- Income (IRS master file)
- $9,862,673
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,806,160 | $2,053,008 | $11,429,292 | IRS |
| 990 | December 2023 | $1,571,934 | $2,089,531 | $11,065,219 | XML |
| 990 | December 2022 | $4,615,955 | $1,896,573 | $10,552,412 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 25-1408517).
Questions about NITTANY LION WRESTLING CLUB
- What is the EIN of NITTANY LION WRESTLING CLUB?
- The employer identification number (EIN) of NITTANY LION WRESTLING CLUB is 25-1408517.
- Is NITTANY LION WRESTLING CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to NITTANY LION WRESTLING CLUB tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NITTANY LION WRESTLING CLUB file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NITTANY LION WRESTLING CLUB due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NITTANY LION WRESTLING CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NITTANY LION WRESTLING CLUB?
- The 990 for the year ended December 31, 2024 names DAVID HART.
- Who are the officers and directors of NITTANY LION WRESTLING CLUB?
- The 990 for the year ended December 31, 2024 lists 11 people; 4 received compensation from the organization, the highest $181,771 (JAKE VARNER, KEY EMPLOYEE).
- How much revenue does NITTANY LION WRESTLING CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,806,160, expenses of $2,053,008 and total assets of $11,429,292 at year end.
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