World Tang Soo Do Association is located in Burlington, NC. The organization was established in 2002. 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, World Tang Soo Do Association employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Tang Soo Do Association 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, World Tang Soo Do Association generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $797.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 7 years. 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
ENHANCE LIVES THROUGH THE PHYSICAL AND MENTAL TRAINING OF TRADITIONAL TANG SOO DO
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION HAS 23 REGIONS AROUND THE WORLD, 19 OF WHICH ARE CURRENTLY ACTIVE. EACH REGION HAS AT LEAST ONE CHAMPIONSHIP EACH YEAR. FURTHER, THE ASSOCIATION HOLDS A WORLD CHAMPIONSHIP ON A BIANNUAL BASIS, DURING WHICH ASSOCIATION MEMBERS FROM AROUND THE WORLD GATHER TO RENEW FRIENDSHIPS, ENGAGE IN HEALTHY COMPETITION, AND LEARN THE LATEST TECHNIQUES OFFERED BY THE ASSOCIATION. EACH REGION ALSO HOLDS NUMEROUS SEMINARS THROUGHOUT THE YEAR, DURING WHICH STUDENTS HAVE THE OPPORTUNITY TO LEARN FROM A VAST ARRAY OF MASTER INSTRUCTORS. CHAMPIONSHIPS AND SEMINARS PROVIDE A FORUM FOR MAINTAINING AND PRESERVING THE TRADITION OF TANG SOO DO. (CONTINUED ON SCHEDULE O)EACH REGION ALSO HOLDS AN ANNUAL BLACK BELT CAMP FOR ITS BLACK BELT AND CHO DAN BO (ONE LEVEL BELOW BLACK BELT) MEMBERS. THESE CAMPS TRAIN OVER 1,000 STUDENTS IN THE ART OF TEACHING TANG SOO DO, AND PROVIDES ATTENDEES A CHANCE TO LEARN NEW SKILLS AND ENHANCE EXISTING ONES. IN ADDITION, THE ASSOCIATION HOLDS THREE CLINICS PER YEAR FOR ITS MASTER INSTRUCTORS - ONE IN THE US, ONE IN EUROPE, AND ONE IN SOUTH AMERICA. DURING THE CLINIC, MASTER INSTRUCTORS HAVE A CHANCE TO REFRESH THEMSELVES ON BEST PRACTICES TO TEACH TANG SOO DO, AS WELL AS ENHANCE THEIR OWN SKILLS. TYPICALLY, THE COMBINED ATTENDANCE AT THESE MASTERS' CLINICS EXCEEDS 300 MASTER INSTRUCTORS.
EACH NEW MEMBER IS PROVIDED WITH A MANUAL, ID CARD, AND STICKER. MANUALS PROVIDE A BASIC DESCRIPTION OF THE ASSOCIATION'S REQUIREMENTS REGARDING PHYSICAL AND MENTAL TECHNIQUES THAT MUST BE LEARNED TO ADVANCE IN RANK. ID CARDS PROVIDE A RECORD OF EACH MEMBER'S ADVANCEMENT IN RANK. AS OF DECEMBER 31, 2021, THERE WERE 14,833 ACTIVE MEMBERS; OF THESE, 5,180 WERE EITHER AT THE BLACK BELT OR CHO DAN BO LEVEL.
TESTING OF INDIVIDUALS IS REQUIRED TO DETERMINE THEIR LEVEL OF ACCOMPLISHMENT. INDIVIDUAL STUDIOS TEST THEIR STUDENTS AND SEND THE RESULTS OF THE TESTING TO THE ASSOCIATION FOR REVIEW AND PROCESSING OF STUDENT CERTIFICATIONS. BLACK BELT TESTING IS DONE BY REGION, AND MASTERS TESTING IS DONE INTERNATIONALLY. THERE IS A EUROPEAN MASTERS CLINIC, A NORTH AMERICAN MASTERS CLINIC, AND A SOUTH AMERICAN MASTERS CLINIC. MASTERS MUST ATTEND ONE OF THESE THREE IN ORDER TO TEST.IN 2021, THE ASSOCIATION ADMINISTERED GUP (NON-BLACK BELT) TESTS TO 8,964 INDIVIDUALS, NON-MASTER BLACK BELT TESTS TO 844 INDIVIDUALS, AND MASTER TESTS TO 26 INDIVIDUALS.
NEWSLETTERS ARE TYPICALLY PUBLISHED SEMI-ANNUALLY. THE NEWSLETTERS ARE SENT TO 10,000 MEMBERS PROVIDING THEM WITH DETAILED DESCRIPTIONS OF UPCOMING EVENTS, CHANGES IN PROGRAMS, AND NEW PROGRAMS. IT ALSO PROVIDES A FORUM FOR THE EXCHANGE OF IDEAS BETWEEN MEMBERS FOR THE PURPOSE OF EXPANDING PROGRAMS.ASSOCIATION STAFF PACK AND SHIP MERCHANDISE AND PROVIDE OTHER SERVICES TO MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gideon Lee Coo/chief Of Staff | OfficerTrustee | 40 | $66,500 |
William Strong Ceo/president | OfficerTrustee | 30 | $26,000 |
Frank Fattori Operational VP | OfficerTrustee | 20 | $12,000 |
Sanford Lipstein Cfo/treasurer | OfficerTrustee | 10 | $6,462 |
Kristen Winsko Chair, Legal Affairs Committee | OfficerTrustee | 15 | $6,462 |
Becky Rupp Wolverton Director, Region 1 | OfficerTrustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $82,624 |
All other contributions, gifts, grants, and similar amounts not included above | $66,738 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $149,362 |
Total Program Service Revenue | $789,244 |
Investment income | $3 |
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 | $84,440 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,027,511 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $3,248 |
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. | $124,624 |
Compensation of current officers, directors, key employees. | $33,949 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $192,938 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $12,633 |
Payroll taxes | $24,310 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $9,750 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,073 |
Advertising and promotion | $6,870 |
Office expenses | $78,342 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $62,250 |
Travel | $16,585 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $238,135 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $6,424 |
All other expenses | $20,657 |
Total functional expenses | $797,839 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $827,727 |
Savings and temporary cash investments | $20,022 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $116,022 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $136,172 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,099,943 |
Accounts payable and accrued expenses | $36,771 |
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 | $44,200 |
Total liabilities | $80,971 |
Net assets without donor restrictions | $1,018,972 |
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 | $1,099,943 |
Over the last fiscal year, we have identified 1 grants that World Tang Soo Do Association has recieved totaling $118.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $118 |
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Army Navy Country Club Arlington, VA | $99,356,910 | $42,965,360 |
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Capital City Club Inc Atlanta, GA | $84,524,331 | $33,363,422 |
Atlanta Athletic Club Johns Creek, GA | $48,939,283 | $29,765,696 |
Piedmont Driving Club Atlanta, GA | $77,050,064 | $28,104,317 |
Carmel Country Club Inc Charlotte, NC | $56,143,554 | $23,347,186 |
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Washington Golf And Country Club Inc Arlington, VA | $48,455,931 | $21,067,505 |