Tax forms revealed...
http://www.flowrestling.org/article...s-at-nittany-lion-wrestling-club#.WX6FiITysYs
http://www.flowrestling.org/article...s-at-nittany-lion-wrestling-club#.WX6FiITysYs
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Gives them something to talk about. That is a good thing.True to form the Cael/PSU paranoia is getting rolling.
Still comes down to athletes and development.The part I'm curious to is how a non-profit can claim to have $613k in expenses described as "skilled wrestling instructions provided at the camps, clinics, and tournaments conducted by the club", but show zero revenue in the 990 from the same events?
As for the $5.7M investment, hats off to Cael and staff as the name of the game is having a standing endowment fund to create longevity and guaranteed revenue. The real question now is Cael and staff really that much better than everyone else in the country or have they overtaken the sport by buying it? Buying it in the term of out resourcing the rest of the country and bringing the sport to a level of available revenue it hasn't seen before not in the term of insinuating misuse of funds to NCAA athletes.
Time will tell because at some point another program or multiple programs catch up in funding and it becomes a even playing field and plan on one program being there by January 2018.
Still comes down to athletes and development.
Investment by Roy Carver in Iowa wrestling = goodThe part I'm curious to is how a non-profit can claim to have $613k in expenses described as "skilled wrestling instructions provided at the camps, clinics, and tournaments conducted by the club", but show zero revenue in the 990 from the same events?
As for the $5.7M investment, hats off to Cael and staff as the name of the game is having a standing endowment fund to create longevity and guaranteed revenue. The real question now is Cael and staff really that much better than everyone else in the country or have they overtaken the sport by buying it? Buying it in the term of out resourcing the rest of the country and bringing the sport to a level of available revenue it hasn't seen before not in the term of insinuating misuse of funds to NCAA athletes.
Time will tell because at some point another program or multiple programs catch up in funding and it becomes a even playing field and plan on one program being there by January 2018.
weak post. Even the top guys need development at the next level to win titles, and that is for both college and olympic levels.I agree on the athletes comment, but the development comment still needs to be seen. When you have 4 of the 5 top P4P ranked guys committed in this 2018 recruiting class just how much development do you think is needed?
I agree on the athletes comment, but the development comment still needs to be seen. When you have 4 of the 5 top P4P ranked guys committed in this 2018 recruiting class just how much development do you think is needed?
I agree on the athletes comment, but the development comment still needs to be seen. When you have 4 of the 5 top P4P ranked guys committed in this 2018 recruiting class just how much development do you think is needed?
If you bother to be informed, you would know this point has been covered quite well. The numbers have been broken down. Penn State does more with top recruits than any other program - from an objective and statistical standpoint. Of course, I suppose you are free to ignore facts and continue in long-since refuted positions.
Pen_s envy at the highest level. I have never seen a fan base so obsessed by another teams coaches,wrestlers, and fans. Blame Tom Brands for the programs historic decline. Blame the poor economic conditions in Iowa City. Blame anyone you want, but blaming PSU for the Hawkeyes falling off is stale at best.
Where was it criticized or questioned once about the amount of funding and support the NLWC receives??? I'm all for the level of support your club has and believe that it will ultimately raise the bar for all clubs across the country which delivers better wrestling for the USA. However what I'm questioning is if indeed the NLWC revenue is solely supporting post graduate athletes as they pursue World and Olympic Gold Medals or if its being used to subsidize costs/scholarships for the PSU collegiate team. Keep the blinders on if you want, but the filed tax forms directionally support the latter.
Where was it criticized or questioned once about the amount of funding and support the NLWC receives??? I'm all for the level of support your club has and believe that it will ultimately raise the bar for all clubs across the country which delivers better wrestling for the USA. However what I'm questioning is if indeed the NLWC revenue is solely supporting post graduate athletes as they pursue World and Olympic Gold Medals or if its being used to subsidize costs/scholarships for the PSU collegiate team. Keep the blinders on if you want, but the filed tax forms directionally support the latter.
Clearly you're not local to the Central PA region? I know of many youth that attend NLWC events year round. If you're a wrestler and don't have the money to attend YG type clubs/clinics, the NLWC is a great resource to have access to quality instruction on a budget.There are no clinics or camps advertised anywhere on the internet under the NLWC, but there are camps offered by the university. Again, if the camps and clinics are not being advertised or operated by the NLWC in totality the expensing classification is beyond suspect. There may be one way to clear it all up and validate the programs
Before throwing around NCAA violation accusations and calling for audits, perhaps you could bother to scroll down the thread list to see McCutcheon and Cassar are in Kansas doing a camp. Is the NLWC supposed to advertise camps across the country? Is PSU supposed to make the camps reimburse travel expenses and therefore transfer the cost to youth wrestlers' families? Is this what Iowa does?When your 990 states $613k of "expenses" for camps and clinics and doesn't show any revenue line for the expense you are claiming it waves more than a red flag. Add the $700k expense under the PSWC for social gatherings, travel, etc and expect the shots to start being fired. Additionally, the combined $1.3M between the two expenses are classified as "service" based expenses which allows the money to be used as payments to NCAA athletes in return for "services" i.e.: camps.
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There are no clinics or camps advertised anywhere on the internet under the NLWC, but there are camps offered by the university. Again, if the camps and clinics are not being advertised or operated by the NLWC in totality the expensing classification is beyond suspect. There may be one way to clear it all up and validate the programs integrity....audited expense payments for the last three years of the club and athletes while attending PSU and post graduate.
The $613k number about which you're insinuating fraud is broken down on page 10 and is pretty straightforward. You're reading the generalized mission statement literally to mean "camps and clinics" as if it was being itemized in that section. So you're either being disingenuous, or still have a few months to go before you reach black-belt CPA status.When your 990 states $613k of "expenses" for camps and clinics and doesn't show any revenue line for the expense you are claiming it waves more than a red flag.
Last I checked, I didn't know that wrestling matches occurred on paper. The rankings are nice, obviously good to have your team recruiting well...since these guys have not attended an official D1 practice yet, the rankings are what they are, rankings.I agree on the athletes comment, but the development comment still needs to be seen. When you have 4 of the 5 top P4P ranked guys committed in this 2018 recruiting class just how much development do you think is needed?
Dan Gable is never coming back.Where was it criticized or questioned once about the amount of funding and support the NLWC receives??? I'm all for the level of support your club has and believe that it will ultimately raise the bar for all clubs across the country which delivers better wrestling for the USA. However what I'm questioning is if indeed the NLWC revenue is solely supporting post graduate athletes as they pursue World and Olympic Gold Medals or if its being used to subsidize costs/scholarships for the PSU collegiate team. Keep the blinders on if you want, but the filed tax forms directionally support the latter.
If he did, it wouldn't matter. His interview at nationals with Gable Steveson watching shows why Gable would not change Iowa's fortunes. Fun?Dan Gable is never coming back.
Embrace the grind!!!If he did, it wouldn't matter. His interview at nationals with Gable Steveson watching shows why Gable would not change Iowa's fortunes. Fun?
Admittedly, there are times in sports when you have to embrace the grind, the PSU wrestlers go through those periods. Problem is the Gable philosophy seems to embrace the grind 365 days a year. That is not fun.Embrace the grind!!!
Seriously. Iowa won a kajillion national titles and converted that into a whopping $700k?What's really amusing is how the 5 million donation came after 3 national championships yet is the reason for all of Penn State's success. The reality is that success lead to the large donation, not the other way around.
Hawk fans also like to block out they fact they have finished behind teams with lower revenue then them for 7 consecutive years.
Seriously. Iowa won a kajillion national titles and converted that into a whopping $700k?
If they merely passed the hat around CHA for one year ... 7 home duals, 10k fans per, $10 each ... that would double the HWC endowment.
Is Iowa bad at planning or are its alumni and fans cheap?
OMG Haters to the max....Ha Ha. Sorry we are a DYNASTY for years to come. Iowa BETTER start worrying about Iowa State. They are about to take over that state in wrestling. Book that for real !Where was it criticized or questioned once about the amount of funding and support the NLWC receives??? I'm all for the level of support your club has and believe that it will ultimately raise the bar for all clubs across the country which delivers better wrestling for the USA. However what I'm questioning is if indeed the NLWC revenue is solely supporting post graduate athletes as they pursue World and Olympic Gold Medals or if its being used to subsidize costs/scholarships for the PSU collegiate team. Keep the blinders on if you want, but the filed tax forms directionally support the latter.
Where was it criticized or questioned once about the amount of funding and support the NLWC receives??? I'm all for the level of support your club has and believe that it will ultimately raise the bar for all clubs across the country which delivers better wrestling for the USA. However what I'm questioning is if indeed the NLWC revenue is solely supporting post graduate athletes as they pursue World and Olympic Gold Medals or if its being used to subsidize costs/scholarships for the PSU collegiate team. Keep the blinders on if you want, but the filed tax forms directionally support the latter.
Typical hawkeye dismissive comment.I agree on the athletes comment, but the development comment still needs to be seen. When you have 4 of the 5 top P4P ranked guys committed in this 2018 recruiting class just how much development do you think is needed?
Well, corn prices are up since Cael started winning championships. No excuses.Seriously. Iowa won a kajillion national titles and converted that into a whopping $700k?
If they merely passed the hat around CHA for one year ... 7 home duals, 10k fans per, $10 each ... that would double the HWC endowment.
Is Iowa bad at planning or are its alumni and fans cheap?
The way that works is FuddyDuddy_HWC was posting from his stove, and the laws of physics cease to exist on his stove:What's really amusing is how the 5 million donation came after 3 national championships yet is the reason for all of Penn State's success. ...
There may be too much credit given here, I think they're playing Tic-Tac-Toe.PSU is a finely tuned machine playing chess were others are playin checkers.