Gold Medal Karate Inc
- Assets
- $325.2k
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 46
- Location
- Philadelphia, PA
- Founding
- 05/2000
- Data as of
- 06/2021
- EIN
- 23-3017858
Organization Overview
Gold Medal Karate Inc, operating under the name Zhang Sah, is located in Philadelphia, PA. The organization was established in 2000. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Zhang Sah employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zhang Sah 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 06/2021, Zhang Sah generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $2.2m during the year ending 06/2021. While expenses have increased by 26.3% per year over the past 6 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
EDUCATIONAL, CULTURAL AND ATHLETIC ACTIVITIES. MISSION:EDUCATE YOUR BODY. STRENGTHEN YOUR MIND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREKINDERGARTEN: BOTH LOCATIONS OFFER HIGH QUALITY EARLY LEARNING EXPERIENCES IN PARTNERSHIP WITH PHL PRE-K. ZHANG SAH IS CURRENTLY RATED A STAR 3 PROGRAM BY THE PENNSYLVANIA KEYS TO QUALITY PROGRAM.CHILDREN AGES 3-5 YRS OLD ARE PREPARED FOR A SUCCESSFUL MATRICULATION TO KINDERGARTEN.
WORKFORCE DEVELOPMENT CAREER EXPOSURE: THIS SIX WEEK PROGRAM FOR MIDDLE SCHOOL YOUTH DELIVERS AN INTRODUCTION TO SPORTS BASED YOUTH DEVELOPMENT COACHING THROUGH MARTIAL ARTS INCLUDES JOB READINESS, PHILOSOPHY, AND HANDS ON TRAINING. ZHANG SAH PARTNERS WITH THE PHILADELPHIA YOUTH NETWORK AND POSITIVE COACHING ALLIANCE TO DELIVER THIS PROGRAM. WORK EXPERIENCE: THIS SIX WEEK PROGRAM FOR HIGH SCHOOL YOUTH DELIVERS WORK EXPERIENCE INTERNSHIPS WITH SPORTS BASED YOUTH DEVELOPMENT ORGANIZATIONS THAT SERVE AT-RISK YOUTH IN PHILADELPHIA. THE PROGRAM INCLUDES JOB READINESS TRAINING, ON THE JOB TRAINING, AND MENTORING THE HIGH SCHOOL STUDENTS.
SCHOOL-AGE PROGRAM: BOTH LOCATIONS OFFER HIGH QUALITY SCHOOL AGE CARE AND OUT OF SCHOOL TIME PROGRAMMING. ZHANG SAH IS CURRENTLY RATED A STAR 3 PROGRAM BY THE PENNSYLVANIA KEYS TO QUALITY PROGRAM. ZHANG SAH PROVIDES TRANSPORTATION FROM SCHOOL, A HEALTHY SNACK, HOMEWORK ASSISTANCE, CLUBS, LITERACY SUPPORT, STEM, AND MARTIAL ARTS. ZHANG SAH PARTNERS WITH PHILADELPHIA'S OFFICE OF CHILDREN AND FAMILIES TO PROVIDE ACCESS TO THE PROGRAM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Salvatore Sandone CEO | OfficerTrustee | 40 | $150,000 |
Michael Kalkstein Director | Trustee | 40 | $44,154 |
Matthew Whisenhunt Director | Trustee | 40 | $37,614 |
Tyler Eldgridge Director | Trustee | 2 | $35,824 |
Marcas Dargan Instructor | Trustee | 40 | $35,617 |
Rachel Whitley Director | Trustee | 40 | $29,780 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,083,808 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,605 |
| Noncash contributions included in lines 1a–1f | $517,252 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,214,413 |
| Total Program Service Revenue | $15,716 |
| Investment income | $0 |
| 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 | $2,265,129 |
| 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. | $149,034 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $681,755 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,531 |
| Payroll taxes | $177,159 |
| Fees for services: Management | $36,108 |
| Fees for services: Legal | $8,150 |
| Fees for services: Accounting | $172,447 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,534 |
| Office expenses | $40,068 |
| Information technology | $15,633 |
| Royalties | $0 |
| Occupancy | $252,033 |
| Travel | $3,251 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,597 |
| Interest | $2,285 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,163 |
| Insurance | $41,101 |
| All other expenses | $2,311 |
| Total functional expenses | $2,222,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,906 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $230,723 |
| 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 | $8,512 |
| Net Land, buildings, and equipment | $54,078 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $325,219 |
| Accounts payable and accrued expenses | $183,890 |
| 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 | $185,761 |
| Other liabilities | $0 |
| Total liabilities | $369,651 |
| Net assets without donor restrictions | -$44,432 |
| 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 | $325,219 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gold Medal Karate Inc has recieved totaling $41.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $41 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio High School Athletic Association Columbus, OH | $19,212,358 | $25,255,683 |
Pennsylvania Interscholastic Athletic Association Inc Mechanicsburg, PA | $8,620,824 | $8,959,016 |
Big Green Scholarship Foundation Inc Huntington, WV | $16,493,764 | $5,508,906 |
The Patriot League Bethlehem, PA | $9,439,156 | $5,239,747 |
N J State Interscholastic Athletic Association Robbinsville, NJ | $4,281,078 | $5,144,812 |
Oakcliff Sailing Incorporated Oyster Bay, NY | $7,177,824 | $2,437,513 |
Howell Township Police Athletic League Inc Howell, NJ | $384,420 | $2,796,726 |
Ambassadors Football Twinsburg, OH | $3,909,961 | $2,647,510 |
Gold Medal Karate Inc Philadelphia, PA | $325,219 | $2,265,129 |
South Jersey Barons Youth Club Inc Marlton, NJ | $793,189 | $1,661,298 |
Linganore Area Youth Athletic Association Inc New Market, MD | $1,071,409 | $1,555,930 |
Prince Athletic Association York, PA | $561,511 | $1,218,167 |