Mtfc Inc
- Assets
- $190.2k
- Revenue
- $428.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Lakewood, WA
- Founding
- 02/2011
- Data as of
- 12/2021
- EIN
- 20-2689710
Organization Overview
Mtfc Inc, operating under the name Metro Tacoma Fencing Club, is located in Lakewood, WA. The organization was established in 2011. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Metro Tacoma Fencing Club employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metro Tacoma Fencing Club is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Metro Tacoma Fencing Club generated $428.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $321.0k during the year ending 12/2021. While expenses have increased by 14.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER NATIONAL AND INTERNATIONAL AMATEUR SPORTS COMPETITION BY SUPPORTING AND DEVELOPING AMATEUR ATHLETES FOR NATIONAL AND INTERNATIONAL AMATEUR FENCING COMPETITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING CLASSES AND INSTRUCTION IN FENCING AND PROVIDING A FACILITY AND SAFE ENVIRONMENT TO LEARN, PRACTICE, AND COMPETE IN THE SPORT OF FENCING.
A SCHOLARSHIP FUND HAS BEEN ESTABLISHED TO PROVIDE ASSISTANCE WITH FEES TO PARTICIPATE IN FENCING PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tobias Lee President | Officer | 2 | $0 |
Diane Bartels Vice Preside | Officer | 2 | $0 |
Deborah Li Treasurer | Officer | 10 | $0 |
Scott Poehlmann Treasurer | Officer | 2 | $0 |
Ji Yon Kim Secretary | Officer | 2 | $0 |
Jose Porras Member At La | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $66,258 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,260 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,518 |
| Total Program Service Revenue | $345,526 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $428,052 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,885 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $215,586 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,287 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,704 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $216 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,996 |
| Insurance | $2,108 |
| All other expenses | $8,697 |
| Total functional expenses | $320,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,997 |
| Savings and temporary cash investments | $140,116 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $12,107 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $190,220 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,237 |
| Total liabilities | $8,237 |
| Net assets without donor restrictions | $177,062 |
| Net assets with donor restrictions | $4,921 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $190,220 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mtfc Inc has recieved totaling $110.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $110 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastside Football Club Preston, WA | $3,070,841 | $2,956,026 |
Oregon Gymnastics Academy Beaverton, OR | $1,082,474 | $1,692,678 |
Cascade Boosters Club Incorporated Seattle, WA | $159,725 | $1,115,088 |
Portland Basketball Officials Association Beaverton, OR | $65,674 | $798,856 |
Rose City Rollers Portland, OR | $527,378 | $746,824 |
Washington Officials Association Renton, WA | $380,114 | $537,597 |
West Central District 3 Of The Wash Interscholastic Activity Assn Lakewood, WA | $123,452 | $628,220 |
Multnomah Athletic Foundation Inc Portland, OR | $3,534,961 | $472,540 |
Seattle Gun Club Ravensdale, WA | $1,041,698 | $370,217 |
Mt Spokane Alpine Team Spokane, WA | $99,050 | $365,762 |
Acers Fastpitch Organization Auburn, WA | $150,875 | $380,231 |
Mat-Su Baseball Inc Palmer, AK | $513,843 | $516,805 |