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pine52x

Joined: 01/04/2008 Posts: 947
Likes: 709


Read and Weep on wrestling clubs net asssts!


found this on the web at:
https://www.flowrestling.org/articles/5068724-tax-forms-reveal-stunning-finances-at-nittany-lion-wrestling-club do a google search using "Penn State RTC" It is 2015 data.
Over the past few years, Division I programs have upped the ante in their push to remain at the top. This competitiveness has manifested in higher coaching salaries, development in regional training centers, and a greater emphasis on fundraising.

FloWrestling has obtained tax information for a number of wrestling clubs and organizations. After reviewing years of tax information, the most fascinating find is the incredible financial situation of the Nittany Lion Wrestling Club.

As of its 2015 form (many 2016 tax forms aren't expected until October), the Nittany Lion Wrestling Club had net assets of $5.7 million -- a figure that was nearly eight times more the second-highest supported organization, the Hawkeye Wrestling Club.
f you take a look back to 2014, you can see when the Nittany Lion Wrestling Club became far and away the most wealthy nonprofit wrestling club in the country. In 2014, the NLWC reported $5,726,767 in contributions, ending the 2014 calendar year with net assets of $6,184,252.

Portion Of NLWC's 2014 990 Shows $5,524,538 In Contributions And Grants

In a vacuum, these numbers are impressive. When compared to the rest of the nonprofit wrestling landscape, the true picture is painted of just how much more money NLWC has than the rest of its peers.

2015 Net Assets Reveal NLWC Has Two Times As Much As Every Other Listed Club Combined
Club
2015 Net Assets
Nittany Lion WC
5,740,114
Hawkeye WC
699,997
Finger Lakes WC
474,964
Wolfpack WC
263,031
Carolina WC
240,572
Wildcat WC
173,287
Nebraska WTC
126,265
Lehigh Valley AC
125,163
Cliff Keen WC
116,996
Cyclone WC
116,637
Penn State WC
73,413
Southeast RTC
63,406
Missouri WF
59,572


































(In response to this post by HokieJack)

Posted: 03/18/2018 at 1:06PM



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Current Thread:
  That doesn't change the budget though. -- Hokies23 03/18/2018 6:14PM
  Somewhat related, but Graff was a big step up -- IV_Hokie12 03/17/2018 11:58PM
  Number of donors is growing. -- Will Stewart  03/17/2018 11:23PM
  Donors -- jamey1969 03/18/2018 9:59PM
  You can count the number of donors here. (Link) -- Will Stewart  03/17/2018 11:26PM
  This does not look good for SERTC -- HokieJack 03/18/2018 2:24PM
  Read and Weep on wrestling clubs net asssts! -- pine52x 03/18/2018 1:06PM
  Thank you guys! ** -- SCHokie1103 03/17/2018 11:19PM
  Thank you sir! ** -- SCHokie1103 03/18/2018 12:46PM

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