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Nonprofit · EIN 88-2499224

TEAM BARRACUDA WC INC

Tax-exempt · STUART, FL 34994

Financials

$132K$125K2024
Revenue Expenses · by fiscal year end
Financials of TEAM BARRACUDA WC INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$131,660$125,246$6,414$52,051$6,840$45,211
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Membership dues
$131,660

Expenses

Compensation of officers, directors and key employees
$40,300
Salaries, compensation and benefits (total)
$45,040
Occupancy
$5,000
Other expenses
$75,206
Program services (functional)
$59,160

Balance sheet and other

Total assets, start of year
$44,694
Total assets, end of year
$52,051
Total liabilities, end of year
$6,840
Net assets, end of year
$45,211
Cash, savings and investments
$52,051
Gross receipts
$131,660

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-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
THOMAS MCMATHPresident28$40,300
CHRISTOPHER SMITHVice President15$0
AMY BYFIELDTreasurer1$0
ERIC MCGRATHSecretary1$0
JOHN MANGANDirector10$0
ANTHONY CALZADILLADirector10$0
KIMBERLY MCMATHDirector2$0

Address and contacts

Address (IRS master file)
1060 NW TERRACE RD, STUART, FL 34994-8931
In care of
% THOMAS MCMATH
Mailing address (990-N for 2023)
1060 NW Terrace Road, Stuart FL 34994
Principal officer (990-N for 2023)
Thomas McMath, 1060 NW Terrace Road, Stuart FL 34994
Signed the 990-EZ
THOMAS MCMATH, President
Return prepared by
HR Accounting Solutions LLC

Mission

Provide access to youth wrestlers who want to be elite

990-EZ for the year ended December 31, 2024

Program accomplishments

  • Traveling to tournaments inside and outside the state of Florida is pertinent to the success of the kids training. Exposing the wrestlers to different levels of competition takes traveling to other facilities on average of 5 times per month.
    Expenses $31,255
  • Tournaments allow an average of 40 wrestlers per month to compete and further improve on mastering skills. Each tournament requires payment to register and compete ranging from $10-$30 per session.
    Expenses $16,654
  • Wrestling requires certain uniforms and gear that must be worn to compete. Wrestlers are provided with the appropriate uniforms and shoes to ensure they have the opportunity to compete.
    Expenses $11,251

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-N on file

IRS record

EIN
88-2499224
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$52,051
Income (IRS master file)
$131,660

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$131,660$125,246$52,051IRS
990-N for 2023
Officer: Thomas McMath
December 31, 2023≤ $50,000 receipts––e-Postcard
990-N for 2022
Officer: Thomas McMath
December 31, 2022≤ $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 88-2499224).

Questions about TEAM BARRACUDA WC INC

What is the EIN of TEAM BARRACUDA WC INC?
The employer identification number (EIN) of TEAM BARRACUDA WC INC is 88-2499224.
Is TEAM BARRACUDA WC INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to TEAM BARRACUDA WC INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TEAM BARRACUDA WC 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 TEAM BARRACUDA WC 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 TEAM BARRACUDA WC INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who is the principal officer of TEAM BARRACUDA WC INC?
The 990-N for 2023 names Thomas McMath.
Who are the officers and directors of TEAM BARRACUDA WC INC?
The 990-EZ for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $40,300 (THOMAS MCMATH, President).
How much revenue does TEAM BARRACUDA WC INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $131,660, expenses of $125,246 and total assets of $52,051 at year end.

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