Nonprofit · EIN 87-2510285
WRESTLING FOUNDATION INC
Tax-exempt · COUNCIL BLFS, IA 51503
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $14,781 | $19,675 | -$4,894 | $118,200 | $0 | $118,200 |
| December 31, 2022 | 990 | $136,981 | $13,887 | $123,094 | $123,094 | $0 | $123,094 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $25,976
- Program service revenue
- $0
- Investment income
- -$11,195
- Net gain from sales of assets
- -$11,195
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $8,865
- Program services (functional)
- $10,365
- Management and general (functional)
- $9,310
Balance sheet and other
- Total assets, start of year
- $123,094
- Total assets, end of year
- $118,200
- Total liabilities, end of year
- $0
- Net assets, end of year
- $118,200
- Land, buildings and equipment
- $35,460
- Net assets without donor restrictions
- $118,200
- Gross receipts
- $125,476
- Employees
- 0
- Year formed
- 2021
- State of legal domicile
- IA
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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GEORGI IVANOV | PAST PRESIDE Officer | 10 | $0 |
| IVAN DELCHEV IVANOV | VICE PRESIDE Officer | 10 | $0 |
| WHITNEY IVANOVA | TREASURER Officer | 10 | $0 |
| JEREMY NIELSEN | CURRENT PRES Officer | – | $0 |
990 for the year ended December 31, 2022: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GEORGI IVANOV | PAST PRESIDE Officer | 10 | $0 |
| IVAN DELCHEV IVANOV | VICE PRESIDE Officer | 10 | $0 |
| WHITNEY IVANOVA | TREASURER Officer | 10 | $0 |
| JEREMY NIELSEN | CURRENT PRES Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 7315 STAFFORD DR, COUNCIL BLFS, IA 51503-6007
- Mailing address (990-N for 2022)
- 1511 Platinum Drive, Crescent IA 51526
- Principal officer (990 for 2023)
- GEORGI IVANOV, 22769 LINDEN RD W, CRESCENT, IA 51526
- Principal officer (990-N for 2022)
- Georgi Ivanov, 1511 Platinum Drive, Crescent IA 51526
- Signed the 990
- JEREMY NIELSEN, CURRENT PRESIDENT
- Return prepared by
- DICKINSON & CLARK CPAS PC
Mission
WRESTLING FOUNDATION INC. IS COMMITTED TO ADVANCING ITS MISSION TO HELP WRESTLERS ACHIEVE THEIR ULTIMATE GOALS AND AMPLIFYING THE SPORT OF WRESTLING.
Program accomplishments
- SCHOLARSHIPS GRANTED TO WRESTLERSExpenses $1,500
- EMPOWERING YOUTH THROUGH WRESTLINGExpenses $8,865
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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-2510285
- 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)
- Recreation and sports (N40)
- Assets (IRS master file)
- $118,200
- Income (IRS master file)
- $125,476
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $14,781 | $19,675 | $118,200 | XML |
| 990-N for 2022 Officer: Georgi Ivanov | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2022 | $136,981 | $13,887 | $123,094 | XML |
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 87-2510285).
Questions about WRESTLING FOUNDATION INC
- What is the EIN of WRESTLING FOUNDATION INC?
- The employer identification number (EIN) of WRESTLING FOUNDATION INC is 87-2510285.
- Is WRESTLING FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to WRESTLING FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WRESTLING FOUNDATION INC 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 WRESTLING FOUNDATION INC 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 WRESTLING FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of WRESTLING FOUNDATION INC?
- The 990 for the year ended December 31, 2023 names GEORGI IVANOV.
- Who are the officers and directors of WRESTLING FOUNDATION INC?
- The 990 for the year ended December 31, 2023 lists 4 people; 0 received compensation from the organization.
- How much revenue does WRESTLING FOUNDATION INC have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $14,781, expenses of $19,675 and total assets of $118,200 at year end.
Other nonprofits in COUNCIL BLFS
- COUNCIL BLUFFS SOCCER CLUB INC EIN 42-1137883 · last filed 990 for 2025
- COUNCIL BLUFFS AREA PICKLEBALL CLUB EIN 83-3044103 · last filed 990-EZ for 2025
- LAKE MANAWA SAILING ASSOCIATION EIN 42-1343833 · last filed 990-EZ for 2025
- WIN SURF INC EIN 33-1881644 · last filed 990-EZ for 2025
- COUNCIL BLUFFS SWIM CLUB INC EIN 42-1441301 · last filed 990-EZ for 2025
- ABRAHAM LINCOLN FOOTBALL ASSOCIATION INC EIN 99-4153758 · last filed 990-EZ for 2025
- CB ALLSTAR CHEER BOOSTER CLUB EIN 99-5038060 · last filed 990-N for 2025
- GIVE N GO SOCCER FOUNDATION EIN 99-4584605 · last filed 990-N for 2025
All nonprofits in COUNCIL BLFS · Iowa · Recreation and sports