Historically Black Colleges and Universities Wrestling Initiative

EIN: 880702719 501(c)(3) Human Services

National Harbor, MD

Total Revenue
$433,143
Total Expenses
$508,874
Total Assets
$119,018
Net Assets
$119,018
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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
MD
Tax Period
2023-07-01 to 2024-06-30

Historically Black Colleges and Universities Wrestling Initiative, founded in 2021, is a small nonprofit in the Human Services sector that reported $433K in total revenue in fiscal year 2023. Expenses of $509K exceeded revenue, resulting in a 17% operating deficit.

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.

Program Service Accomplishments

Program 1
Expenses: $296,135 Revenue: $0

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...

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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

Program 2
Expenses: $62,799 Revenue: $4,725

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...

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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.

Program 3
Expenses: $15,153 Revenue: $4,659

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $423,759
Program Service Revenue $9,159
Investment Income $0
Other Revenue $225
TOTAL REVENUE $433,143

Expense Breakdown

Grants Paid $220,000
Salaries & Benefits $186,720
Fundraising Expenses $30,099
Program Expenses $374,087
Other Expenses $102,154
TOTAL EXPENSES $508,874

Year-over-Year Comparison

2023 2022 Change
Revenue $433,143 N/A N/A
Expenses $508,874 N/A N/A
Net Income $-75,731 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
1
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$178,602
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kerry McCoy Board President 2.00
Officer Director
$0 $0 $0
Nate Parker Vice President 2.00
Officer Director
$0 $0 $0
Phil Arnold Treasurer and Secretary 2.00
Officer Director
$0 $0 $0
Carl Adams Board Member 2.00
Director
$0 $0 $0
Lydell Henry Board Member 2.00
Director
$0 $0 $0
Lydell Sargeant Board Member 2.00
Director
$0 $0 $0
Jason Guyton Board Member 2.00
Director
$0 $0 $0
Michael Wood Board Member 2.00
Director
$0 $0 $0
Rhadi Ferguson Board Member 2.00
Director
$0 $0 $0
Michael Moyer Advisory Board Member 2.00
Director
$0 $0 $0
Jahi Jones Executive Director 50.00
Officer
$173,400 $5,202 $178,602
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $433,143 $508,874 $119,018 $-75,731
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