Overview
What is Owatonna Wrestling Association Inc?
Owatonna Wrestling Association Inc, located at 802 N ELM AVE 1, OWATONNA, MN 55060, is a nonprofit organization dedicated to supporting high school wrestlers, youth programs, and freestyle programs. Their mission is to provide wrestling opportunities to the youth of Owatonna, fostering a sense of community and sportsmanship. With a small team of four employees, they organize tournaments and initiatives, aiming to promote the sport and empower young individuals in the area.
Official website here: www.owatonnawrestling.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
The Owatonna Wrestling Association Inc has received a 76% rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score is derived solely from the accountability and finance beacon, reflecting the organization’s commitment to transparency and effective financial management.
The organization excels in several areas, including having a fully independent board of directors, with all ten members meeting independence standards. Additionally, there are no identified material diversions of assets, and the organization maintains a favorable liabilities to assets ratio of 25.15%. Notably, 89.54% of its expenses are directed toward programs, demonstrating a strong focus on mission-related activities.
However, the association has some limitations regarding its governance policies, as it lacks a conflict of interest policy, whistleblower policy, and document retention and destruction protocols. While these gaps are areas for improvement, they do not significantly detract from the organization's overall strong financial management and accountability practices.
This AI summary has been generated from information found on Charity Navigator.
Is Owatonna Wrestling Association Inc legitimate?
Owatonna Wrestling Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Owatonna Wrestling Association 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.
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For more financial information, click here
Official website here: www.owatonnawrestling.com
What is the mission statement of Owatonna Wrestling Association Inc?
The Owatonna Wrestling Association Inc's mission is centered around providing wrestling opportunities for the youth. Their primary goal is to support high school wrestlers and various youth programs, as well as freestyle programs. Furthermore, they organize tournaments to cater to the wrestling community. In essence, their mission is to facilitate and promote wrestling within their community, focusing on the development of young wrestlers.
Official website here: www.owatonnawrestling.com
Who is the CEO of Owatonna Wrestling Association Inc?
Daniel Johnson is the President of Owatonna Wrestling Association Inc.
Official website here: www.owatonnawrestling.com
What is the revenue of Owatonna Wrestling Association Inc?
Owatonna Wrestling Association Inc's revenue in 2021 was $150,568.
Official website here: www.owatonnawrestling.com
Who are the executives of Owatonna Wrestling Association Inc and what are their salaries?
There are 4 employees at Owatonna Wrestling Association Inc.
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Official website here: www.owatonnawrestling.com
Where can I find the form 990 for Owatonna Wrestling Association Inc?
Owatonna Wrestling Association Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.owatonnawrestling.com
Learn more at the official website: www.owatonnawrestling.com
Mission Statement of Owatonna Wrestling Association Inc
The Owatonna Wrestling Association Inc is committed to providing wrestling opportunities for the youth residing in the area. Their primary mission is to support high school wrestlers, youth programs, freestyle programs, and organize tournaments. This nonprofit organization aims to foster a love for wrestling among the youth, providing them with a platform to hone their skills and compete against peers. By offering a variety of programs and tournaments, the Owatonna Wrestling Association Inc encourages young wrestlers to develop their physical strength, mental resilience, and team spirit.
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Impact
October, 2024
Owatonna Wrestling Association Inc plays a crucial role in fostering wrestling opportunities for the youth of Owatonna, Minnesota. By providing support to high school wrestlers and organizing youth and freestyle programs, the organization helps cultivate talent and passion for the sport. Its commitment to hosting tournaments further enhances competitive experiences for young athletes, promoting skill development, teamwork, and sportsmanship. Overall, the association enriches the community by engaging youth in healthy, athletic activities that encourage physical fitness and personal growth.
This information is meant to be a general summary of Owatonna Wrestling Association 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 2021.
- Investment Income: $22
- Program Service Revenue: $22,743
- Gross Receipts: $3,938,470
Assets and Liabilities:
- Total Assets: $117,096
- Total Liabilities: $29,454
- Net Assets: $87,642
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATIONS FEES
Revenue
$14,233
TOURNAMENT FEES
Revenue
$8,510
Organization Details
Founding Year
1970
Phone
(507) 456-0753Principal Officer
Daniel Johnson
Main Address
802 N ELM AVE 1, OWATONNA, MN, 55060
Website
www.owatonnawrestling.comNTEE Category
Code: N60Z - Recreation
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