Overview
What is Minnesotausa Wrestling Inc?
Minnesotausa Wrestling Inc., a 501(c)3 nonprofit organization based in Minneapolis, Minnesota, is dedicated to promoting amateur wrestling at various levels. With a mission guided by the Olympic spirit, the organization offers opportunities for its members to reach their full potential. Minnesotausa Wrestling Inc. supports clubs across the state, catering to over 5,000 wrestlers, 1,000 volunteers, 46 officials, and 1000+ coaches. The organization provides training for wrestlers aged 5 to seniors, including women, in freestyle, Greco-Roman, and folkstyle wrestling styles. Minnesotausa Wrestling Inc. is the official state affiliate to USA Wrestling and is actively working to increase opportunities for female wrestlers, offering regional training and collaborating with neighboring states. The organization aims to foster positive attitudes, leadership qualities, self-discipline, physical strength, technique, coordination, balance, and agility in its athletes.
Official website here: www.mnusawrestling.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%)
Minnesotausa Wrestling Inc has been assigned a two-star rating by Charity Navigator, indicating a need for improvement in its accountability and financial practices. While the organization scores well in areas such as having a majority of independent board members and a strong program expense ratio, it falls short in providing essential financial documentation and policies, which are critical for transparency and trust.
The nonprofit boasts a high percentage of independent board members and has successfully maintained a low liabilities-to-assets ratio, suggesting a strong financial position. However, the absence of financial statements and key policies, such as conflict of interest and whistleblower protections, raises concerns about its governance and accountability practices.
Overall, while Minnesotausa Wrestling Inc demonstrates strengths in program expenses and board independence, the lack of transparency in financial reporting and missing governance policies highlight significant areas for improvement. Addressing these shortcomings will be crucial for enhancing stakeholder trust and organizational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesotausa Wrestling Inc legitimate?
Minnesotausa Wrestling Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesotausa Wrestling Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $64,641
For more financial information, click here
Official website here: www.mnusawrestling.org
What is the mission statement of Minnesotausa Wrestling Inc?
Minnesotausa Wrestling Inc, guided by the Olympic spirit, provides high-quality opportunities for its members to achieve their full potential, both personally and athletically. This non-profit organization supports amateur wrestling at various levels, including freestyle, Greco-Roman, and folkstyle. Its primary mission is to offer every wrestler an opportunity to learn and compete, allowing them to reach their talents' limits. Minnesotausa Wrestling Inc serves as the official state affiliate to USA Wrestling, representing amateur wrestlers at the national and international levels. The organization is active, catering to around 7,600 wrestlers, 5,000 coaches, 1,002 officials, and thousands of volunteers. It offers regional training for women and girls, collaborates with neighboring states to provide workout partners, and encourages positive attitudes, leadership qualities, and self-discipline in athletes through the sport of wrestling.
Official website here: www.mnusawrestling.org
Who is the CEO of Minnesotausa Wrestling Inc?
David Peterson is the Chairman of Minnesotausa Wrestling Inc.
Official website here: www.mnusawrestling.org
What is the revenue of Minnesotausa Wrestling Inc?
Minnesotausa Wrestling Inc's revenue in 2022 was $745,812.
Official website here: www.mnusawrestling.org
Who are the executives of Minnesotausa Wrestling Inc and what are their salaries?
The average compensation at Minnesotausa Wrestling Inc during 2022 was $12,928. There are 5 employees and 37 volunteers at Minnesotausa Wrestling Inc.
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Official website here: www.mnusawrestling.org
Where can I find the form 990 for Minnesotausa Wrestling Inc?
Minnesotausa Wrestling Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mnusawrestling.org
Learn more at the official website: www.mnusawrestling.org
Mission Statement of Minnesotausa Wrestling Inc
Minnesotausa Wrestling Inc, guided by the Olympic spirit, is a non-profit organization dedicated to providing quality opportunities for its members to achieve their full human and athletic potential. This amateur wrestling organization is committed to fostering the love for freestyle, Greco-Roman, and folkstyle wrestling at all levels. Minnesotausa Wrestling Inc serves as the official state affiliate to USA Wrestling, a group member of the United States Olympic Committee, representing amateur wrestlers.
The mission of Minnesotausa Wrestling Inc is to offer a supportive environment where wrestlers of all ages, from 5 to seniors, can learn, grow, and realize their potential. With around 76 clubs, 5,000 wrestlers, 1,000 volunteers, 1002 coaches, and 46 officials, this organization is a hub of activity and camaraderie. Minnesotausa Wrestling Inc caters to a diverse range of age groups, including kids, cadets, juniors, university-level athletes, open wrestlers, and women. The organization is unique in offering regional training specifically for women and girls, encouraging female wrestlers to improve their skills and compete at local, national, and international levels.
Minnesotausa Wrestling Inc is more than just a wrestling program; it's a community that encourages positive attitudes, leadership qualities, and self-discipline. The sport of wrestling challenges athletes physically, developing their strength, technique, coordination, balance, and agility. It is an exciting endeavor that engages athletes, coaches, parents, families, and fans alike, fostering a sense of unity and passion for the sport.
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Impact
July, 2024
Minnesotausa Wrestling Inc's impact is significant in the world of amateur wrestling. This organization, supported by revenues from membership, events, and lawful gaming operations, is dedicated to promoting freestyle, Greco-Roman, and folkstyle wrestling at all levels. With a focus on providing opportunities for wrestlers to learn and achieve their full potential, Minnesotausa Wrestling Inc serves around 76 clubs, 5000 wrestlers of all ages, 1002 coaches, 46 officials, and thousands of volunteers. By offering regional training for women and girls, they are actively working to enhance the skills and opportunities for female athletes in the sport. Through their programs and events, they promote positive attitudes, leadership qualities, self-discipline, physical strength, technique, coordination, balance, and agility among athletes, coaches, and families. Minnesotausa Wrestling Inc's dedication to the sport excites and inspires all involved, making a significant impact on the wrestling community in Minnesota and beyond.
This information is meant to be a general summary of Minnesotausa Wrestling Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $29,787
- Program Service Revenue: $650,641
- Gross Receipts: $2,779,527
Assets and Liabilities:
- Total Assets: $610,008
- Total Liabilities: $36
- Net Assets: $609,972
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOURNAMENTS
Revenue
$406,252
REGISTRATION FEES
Revenue
$134,569
CAMP FEES
Revenue
$91,654
OTHER PROGRAM
Revenue
$16,936
FLOOR PASSES
Revenue
$1,230
Organization Details
Founding Year
1979
Principal Officer
David Peterson
Main Address
1422 EMERSON AVE N, MINNEAPOLIS, MN, 554113247
Website
www.mnusawrestling.orgNTEE Category
Code: N60 - Recreation
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