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← HISTORICALLY BLACK COLLEGES AND UNIVERSITIES WRESTLING INITIATIVE

Form 990 for tax year 2023

Filed by HISTORICALLY BLACK COLLEGES AND UNIVERSITIES WRESTLING INITIATIVE.

Totals

Total revenue
$433,143
Total expenses
$508,874
Contributions and grants received
$423,759
Grants paid
$220,000
Program service revenue
$9,159
Investment income
$0
Other revenue
$225
Total assets, end of year
$119,018
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$119,018
Program services expenses (Part IX)
$374,087
Management and general expenses
$104,688
Fundraising expenses
$30,099
Program service expenses (Part III)
$374,087

Program services were 73.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $423,759

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Wrestling Camps

    total $4,659 · related or exempt $4,659 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Black Wall Suite Support

    total $4,500 · related or exempt $4,500 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $225

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $225 · related or exempt $225 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $220,000 · program services $220,000

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $136,807 · program services $82,085 · management and general $41,042 · fundraising $13,680

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $15,179 · program services $759 · management and general $12,143 · fundraising $2,277

  • 10 · Payroll taxes

    total $34,734 · program services $1,737 · management and general $27,787 · fundraising $5,210

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $1,460 · program services $0 · management and general $1,460 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $3,544 · program services $3,544 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $269 · program services $155 · management and general $0 · fundraising $114

  • 13 · Office expenses

    total $165 · program services $0 · management and general $165 · fundraising $0

  • 14 · Information technology

    total $6,637 · program services $0 · management and general $1,850 · fundraising $4,787

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $19,584 · program services $0 · management and general $19,584 · fundraising $0

  • 17 · Travel

    total $14,176 · program services $10,323 · management and general $322 · fundraising $3,531

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $56,319 · program services $55,484 · management and general $335 · fundraising $500

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $188,070 · end of year $108,530

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $3,369 · end of year $7,178

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $3,310 · end of year $3,310

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $194,749 · end of year $119,018

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

To establish and restore wrestling to Americas historically black colleges and universities and expand access to opportunities created by wrestling for the black community so as to advance social justice and produce black wrestlers and leaders who have the potential to change the trajectory of their families communities and country.

Activities or mission (Part I)

To establish and restore NCAA wrestling to Americas historically black colleges and universities

  • Provide resources for a NCAA Division I intercollegiate wrestling program. Resources include financial commitment strategic planning and coaches training to ultimately allow student athletes an experience that will cultivate leadership. The HBCU Wrestling Initiative was instrumental in advancing Morgan State Universitys NCAA Division I wrestling program in Year Two 2023-24. The program reached its goal of a full roster with 30 student-athletes including state champions and nationally ranked competitors supported by 9 full NCAA scholarships. Olympic Gold Medalist Kenny Monday continued to lead the program as head coach supported by two full-time assistant coaches ensuring high-level mentorship and leadership development. Facility upgrades including new practice mats locker room renovations and training equipment enhanced the training environment. Community engagement efforts such as hosting nearly 100 participants in the Bears Wrestling Club further fostered youth interest

    Expenses $296,135 · Grants $220,000

  • The Black Wall Suite is a program of HBCU Wrestling hosted during the NCAA Wrestling Championships alongside other events that highlight the intersection of wrestling culture and community impact. This exclusive experience brings together donors college administrators community leaders and supporters to celebrate Black excellence and foster connections within the wrestling world. The program kicked off with a memorable event in Tulsa on Black Wall Street setting the tone for its mission to raise awareness and funding. Through networking opportunities and cultural showcases the Black Wall Suite and its accompanying events support the growth of wrestling programs at Historically Black Colleges and Universities advancing HBCU Wrestlings mission to create opportunities for athletes and institutions to thrive.

    Expenses $62,799 · Revenue $4,725

  • The HBCU Wrestling Summer Tour hosted on HBCU campuses provides youth from underrepresented communities hands-on training led by accomplished wrestlers and coaches. Camps at Delaware State University and Norfolk State University impacted nearly 200 young athletes including 60 girls at Delaware States all-girls clinic and 130 participants at Norfolk States two-day camp. These events built skills confidence and teamwork while also showcasing the value of NCAA wrestling programs to college administrators. Delaware State was inspired to move forward with adding Division I womens wrestling the first at a Historically Black College furthering opportunities in the sport.

    Expenses $15,153 · Revenue $4,659

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kerry McCoy

    Board President

    Total calculated
    $0
    Hours/week
    2

  • Nate Parker

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Phil Arnold

    Treasurer and Secretary

    Total calculated
    $0
    Hours/week
    2

  • Carl Adams

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Lydell Henry

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Lydell Sargeant

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Jason Guyton

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Michael Wood

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Rhadi Ferguson

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Michael Moyer

    Advisory Board Member

    Total calculated
    $0
    Hours/week
    2

  • Jahi Jones

    Executive Director

    Total calculated
    $178,602
    From this org
    $173,400
    From related orgs
    $0
    Other
    $5,202
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $173,400
    Bonus
    $0
    Other
    $0
    Deferred
    $5,202
    Nontaxable benefits
    $0
    Filer's total
    $178,602

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
4 December 2024
IRS schema version
2023v5.1
Source object
202413399349300501

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