Gold Medal Karate Inc
- Assets
- $1.6m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 86
- Location
- Philadelphia, PA
- Founding
- 05/2000
- Data as of
- 06/2023
- 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 06/2023, Zhang Sah employed 86 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 06/2023, Zhang Sah generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $3.5m during the year ending 06/2023. While expenses have increased by 26.0% per year over the past 8 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
2023
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
ZHANG SAH PROVIDES ENGAGING, IMPACTFUL AND PROFESSIONAL AFTER SCHOOL PROGRAMMING YEAR-ROUND FOR STUDENTS IN GRADES K-8 DEVELOPING THE MIND, BODY, AND CHARACTER AT COMMUNITY BASED SITES WE CURRENTLY OPERATE AFTER SCHOOL PROGRAMMING AT 7 SCHOOL DISTRICT BUILDINGS AND OUR COMMUNITY BASED CENTER FUNDED THROUGH THE SCHOOL DISTRICT OF PHILADELPHIA . CHILDREN ARRIVE AT OUR PROGRAMMING BY WALKING ESCORT, IMMEDIATELY FOLLOWING DAILY DISMISSAL FROM SCHOOL. AFTER SCHOOL PROGRAM ACTIVITIES INCLUDE MARTIAL ARTS CLASSES, A NUTRITIOUS SNACK, INDOOR & OUTDOOR FREE PLAY, HOMEWORK TIME, SPORTS, VARIOUS CLUBS, ARTS AND CRAFTS, AND PROJECT BASED LEARNING THROUGHOUT THE YEAR. PROGRAMS EMPHASIZE STEM AND YOUTH VOICE WITH WEEKLY STUDENT COUNCIL MEETINGS.
ZHANG SAH IS PROUD TO OFFER A COMPREHENSIVE PROGRAMMATIC INVENTORY OF MARTIAL ARTS LESSONS, WHICH IS ROOTED PROMINENTLY IN THE TRADITIONAL MARTIAL ART DISCIPLINES OF TAE KWON DO, KARATE DO, AIKIDO, AND JUDO. THE PROGRAMMATIC INVENTORY OFFERS BOTH PROGRESSIVE MATRICULATING MARTIAL ARTS CURRICULA AND EFFECTIVE CROSS-TRAINING ADJUNCTS FOR CHILDREN AGED 3 TO ADULTS.
ZHANG SAH PROVIDES FOR 8 PHL PRE-K CLASSES SERVING 80 CHILDREN THROUGH OUR PARTNERSHIP WITH PHILADELPHIA'S OFFICE OF CHILDREN AND FAMILIES WHICH IS ADMINISTERED BY PHMC. THEY PROVIDE THE HIGHEST QUALITY, CHILD-CENTERED, AND CREATIVE LEARNING ENVIRONMENTS COMBINED WITH A UNIQUE MARTIAL ARTS CURRICULUM FOSTERING COGNITIVE, SOCIAL, AND PHYSICAL DEVELOPMENT. EACH PRE-K CLASS IMPLEMENTS THE CREATIVE CURRICULUM, ONE OF THE MOST WIDELY USED PRE-K CURRICULUM IN THE NATION. IT'S COMPREHENSIVE AND RESEARCH-BASED. IN ADDITION, THROUGH THE OFFICE OF CHILDREN AND FAMILIES ADMINISTERED BY PHMC ZHANG SAH OPERATES ADDITIONAL OUT OF SCHOOL TIME PROGRAMMING AT 4 ADDITIONAL SCHOOLS AND ONE OF OUR THREE ZHANG SAH COMMUNITY BASED SITES.
SINCE 1998 ZHANG SAH HAS PROVIDED CHILDCARE OPTIONS WITH MARTIAL ARTS PROGRAMMING. WITH OPTIONS FOR FAMILIES WHO RECEIVE STATE CHILD CARE SUBSIDY TO PARTICIPATE AT AN OTHERWISE UNATTAINABLE SUMMER PROGRAMMING, AFTER SCHOOL PROGRAMS AND DAY CAMPS AT OUR DHS LICENSED STAR 4 COMMUNITY BASED LOCATIONS. ADDITIONAL PROGRAMMING AT OUR COMMUNITY BASED SITES INCLUDES;OUR SPORT BASED YOUTH DEVELOPMENT MIDDLE SCHOOL MODEL,PHEAA OFF-CAMPUS WORK STUDY PROVIDER, OFFERING PART-TIME PAID WORK (SCHOOL- YEAR) AND FULL-TIME TEMPORARY (SUMMER) AND CAREER BUILDING SUPPORT TO COLLEGE STUDENTS WHO WISH TO WORK IN OUR SBYD, EDUCATION OR MARTIAL ART PROGRAMS, A COMPREHENSIVE PROGRAMMATIC INVENTORY OF MARTIAL ARTS LESSONS, WHICH IS ROOTED PROMINENTLY IN THE TRADITIONAL MARTIAL ART DISCIPLINES OF TAE KWON DO, KARATE DO, AIKIDO, AND JUDO. THE PROGRAMMATIC INVENTORY OFFERS BOTH PROGRESSIVE MATRICULATING MARTIAL ARTS CURRICULA AND EFFECTIVE CROSS-TRAINING ADJUNCTS FOR CHILDREN AGED 3 TO ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Salvatore Sandone CEO | OfficerTrustee | 40 | $161,700 |
Phillip Nannay Treasurer | Trustee | 2 | $0 |
Heather Sapelbweyer Chairperson | Trustee | 2 | $0 |
Paul Dacosta Board Member | Trustee | 2 | $0 |
Sarah Khan Attorney | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,950 |
| Related organizations | $0 |
| Government grants | $2,769,632 |
| 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 | $2,772,582 |
| Total Program Service Revenue | $824,686 |
| 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 | $3,597,268 |
| 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 | $1,917,017 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $85,903 |
| Payroll taxes | $189,959 |
| Fees for services: Management | $19,374 |
| Fees for services: Legal | $19,030 |
| Fees for services: Accounting | $150,286 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $78,482 |
| Office expenses | $129,234 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $227,960 |
| Travel | $43,818 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $85,583 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,480 |
| Insurance | $47,620 |
| All other expenses | $11,736 |
| Total functional expenses | $3,481,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,003 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $546,321 |
| 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 | $2,430 |
| Net Land, buildings, and equipment | $42,345 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $625,734 |
| Other assets | $212,570 |
| Total assets | $1,567,403 |
| Accounts payable and accrued expenses | $106,820 |
| 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 | $1,390,419 |
| Other liabilities | $0 |
| Total liabilities | $1,497,239 |
| Net assets without donor restrictions | $70,164 |
| 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 | $1,567,403 |