U S Soo Bahk Do Moo Duk Kwan Federation Inc
- Assets
- $491.9k
- Revenue
- $636.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Springfield, NJ
- Founding
- 06/1979
- Data as of
- 12/2021
- EIN
- 22-2219229
Organization Overview
U S Soo Bahk Do Moo Duk Kwan Federation Inc is located in Springfield, NJ. The organization was established in 1979. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, U S Soo Bahk Do Moo Duk Kwan Federation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. U S Soo Bahk Do Moo Duk Kwan Federation Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, U S Soo Bahk Do Moo Duk Kwan Federation Inc generated $636.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $628.5k during the year ending 12/2021. 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
TRAINING AND EDUCATION IN MARTIAL ARTS THROUGH EVENTS AND VARIOUS MEDIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING STUDENTS IN THE MARTIAL ART THROUGH SUMMER CAMPS AND CLINICS; AND THE EDUCATION AND DISSEMINATION OF RE- LATED INFORMATION THROUGH A QUARTERLY NEWSLETTER. (MEMBER- SHIP APPROXIMATELY 4,800)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard P Duncan Exec Admin | Officer | 40 | $71,020 |
John Kim Treasurer | Officer | 1 | $0 |
Jenn Rupert Secretary | Officer | 1 | $0 |
Charles Holland Vice Chair | Officer | 1 | $0 |
Dwayne Townsend Chariman | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $634,749 |
| Investment income | $523 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,536 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $636,915 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $156,841 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,332 |
| Payroll taxes | $11,341 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,388 |
| Fees for services: Accounting | $5,711 |
| 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 | $34,020 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,147 |
| All other expenses | $123,734 |
| Total functional expenses | $628,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,852 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,645 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $71,838 |
| Prepaid expenses and deferred charges | $6,989 |
| Net Land, buildings, and equipment | $24,723 |
| Investments—publicly traded securities | $81,835 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $491,882 |
| Accounts payable and accrued expenses | $227,135 |
| 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 | $190,902 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $144,509 |
| Total liabilities | $562,546 |
| Net assets without donor restrictions | -$70,664 |
| Net assets with donor restrictions | $0 |
| 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 | $491,882 |
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