Nonprofit · EIN 85-3391570
VELVA BULLS
Tax-exempt · VELVA, ND 58790
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $104,642 | $50,968 | $53,674 | $399,989 | $0 | $399,989 |
| December 31, 2023 | 990 | $382,565 | $60,112 | $322,453 | $346,315 | $0 | $346,315 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $104,642
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $350
- Travel
- $6,456
- Depreciation
- $5,747
- Program services (functional)
- $43,523
- Fundraising (functional)
- $7,445
Balance sheet and other
- Total assets, start of year
- $346,315
- Total assets, end of year
- $399,989
- Total liabilities, end of year
- $0
- Net assets, end of year
- $399,989
- Land, buildings and equipment
- $332,158
- Gross receipts
- $104,642
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2020
- State of legal domicile
- ND
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 |
|---|---|---|---|
| CHAD BARSTAD | PRESIDENT Trustee or director | 1 | $0 |
| JAMES ANDERSON | SECRETARY Trustee or director | 1 | $0 |
| ALEX SCHMALTZ | TREASURER Trustee or director | 1 | $0 |
| KAYLA LONG | BOARD MEMBER Trustee or director | 1 | $0 |
| SARA KLEIN | BOARD MEMBER Trustee or director | 1 | $0 |
| GREG FINNESETH | BOARD MEMBER Trustee or director | 1 | $0 |
| BROCK NAGEL | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHAD BARSTAD | PRESIDENT Trustee or director | 1 | $0 |
| JAMES ANDERSON | SECRETARY Trustee or director | 1 | $0 |
| ALEX SCHMALTZ | TREASURER Trustee or director | 1 | $0 |
| KAYLA LONG | BOARD MEMBER Trustee or director | 1 | $0 |
| SARA KLEIN | BOARD MEMBER Trustee or director | 1 | $0 |
| GREG FINNESETH | BOARD MEMBER Trustee or director | 1 | $0 |
| BROCK NAGEL | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 279, VELVA, ND 58790-0279
- In care of
- % CHAD BARSTAD
- Mailing address (990-N for 2022)
- PO Box 279, Velva ND 58790
- Principal officer (990 for 2024)
- CHAD BARSTAD, PO BOX 279, Velva, ND 58790
- Principal officer (990-N for 2022)
- Chad Barstad, PO Box 279, Velva ND 58790
- Signed the 990
- CHAD BARSTAD, DIRECTOR
- Phone
- (701) 720-7789
- Return prepared by
- H AND R BLOCK
Mission
THE VELVA BULLS WRESTLING CLUB IS DEDICATED TO TEACHING THE BASIC TECHNIQUES OF WRESTLING WHILE KEEPING A FUN, LEARNING ENVIRONMENT. OUR GOAL IS TO GIVE EVERY ATHLETE THE TOOLS THEY NEED TO BECOME A BETTER WRESTLER, STUDENT, AND CITIZEN.
Program accomplishments
- THE VELVA BULLS WRESTLING CLUB IS DEDICATED TO TEACHING THE BASIC TECHNIQUES OF WRESTLING WHILE KEEPING A FUN, LEARNING ENVIRONMENT FOR ALL WRESTLERS, AT ALL LEVELS AND AGES. THE VELVA BULLS YOUTH WRESTLING CLUB'S GOAL IS TO GIVE EACH KID WHO WANTS TO PARTICIPATE IN AN AFTERSCHOOL SPORT THE OPPORTUNITY TO DO SO AND TO SUCCEED WITHISN THE PROGRAM ON THE MAT AND, MORE IMPORTANTLY, OFF THE MAT.
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
- 85-3391570
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O20)
- Assets (IRS master file)
- $399,989
- Income (IRS master file)
- $104,642
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $104,642 | $50,968 | $399,989 | XML |
| 990 | December 2023 | $382,565 | $60,112 | $346,315 | XML |
| 990-N for 2022 Officer: Chad Barstad | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2021 Officer: Chad Barstad | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Chad Barstand | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 85-3391570).
Questions about VELVA BULLS
- What is the EIN of VELVA BULLS?
- The employer identification number (EIN) of VELVA BULLS is 85-3391570.
- Is VELVA BULLS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to VELVA BULLS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VELVA BULLS 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 VELVA BULLS 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 VELVA BULLS 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 VELVA BULLS?
- The 990 for the year ended December 31, 2024 names CHAD BARSTAD.
- Who are the officers and directors of VELVA BULLS?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does VELVA BULLS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $104,642, expenses of $50,968 and total assets of $399,989 at year end.
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- VELVA RENTAL HOUSING INC EIN 45-0333793 · last filed 990 for 2025
- VELVA WILDLIFE CLUB EIN 81-2881477 · last filed 990-EZ for 2025
- VERENDRYE ELECTRIC TRUST INC EIN 45-0442077 · last filed 990-EZ for 2024