Martial Promise is located in Wharton, NJ. The organization was established in 2013. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Martial Promise 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 12/2022, Martial Promise generated $79.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $62.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO INSTRUCT INDIVIDUAL STUDENTS OF ALL NATIONALITIES, RACES AND ETHNIC GROUPS IN THE MARTIAL ARTS BUDO TRADITION
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gerald Lustig President | 1 | $0 | |
Salvatore Musco Vice President | 30 | $0 | |
Rocco Pascale Secretary/treasurer | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $45,576 |
Total Program Service Revenue | $31,280 |
Membership dues | $0 |
Investment income | $15 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $3,017 |
Total Revenue | $79,888 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $350 |
Occupancy, rent, utilities, and maintenance | $34,506 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $28,071 |
Total expenses | $62,927 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $207,281 |
Other assets | $0 |
Total assets | $216,350 |
Total liabilities | $0 |
Net assets or fund balances | $216,350 |
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