Vandit Wrestling Academy

Schedule O:

“Form 990-EZ Part I Line 16- Other Expenses- Subscriptions 150- Coach Uniforms 1041- Internet 15- Memberships 972 -Supplies 2244- Uniforms 4464 -Tournament Expenses 2273- Camp expenses 7189- Bank Fees 218- Donations 250- Lodging 2141 -Travel Meals 1542- Travel 3664- End of Season Party 1362 Form 990-EZ PartI Line 19- Assets at beginning of this year of 17514 does not match last years end of year balance of 13930 due to the clubs Bus mistakenly being listed as 3166 on last years return instead of 6750 which is actually the worth of the bus 3166 was the portion of the loan that had been paid off not the total for the bus Form 990-EZ Part I Line 20- The change in net assets of -3958 was due to the clubs bus breaking down and needing a new engine 3958 was figured from adding the 792 the club had paid towards the loan in 2017 with the previous amount paid off of 3166 The cost of repairing the bus was more than the bus was worth considering how much the club still owed on the loan The club ended up selling the bus for the amount left on the loan which was 2792 Form 990-EZ Part II Line 24- The clubs previous asset of 6750 was the clubs bus The bus since broke down and repairs were too much so the club got rid of the bus for the amount it owed on the auto loan The club has no other liabilities making the current liability 0 Form 990-EZ Part II Line 26 -The clubs liabilities changed from 3584 to 0 because the liability was the clubs bus which ended up breaking down See explanation above Someone else took over the loan on the bus so the club no longer owns the bus The club has no other liabilities Form 990-EZ Part III Primary Exempt Purpose -The mission is to encourage youth to set and achieve goals in the sport of wrestling while building them into quality wrestlers who exhibit exceptional community pride discipline and excellence in the sport”