Martial Promise
- Assets
- $243.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Wharton, NJ
- Founding
- 06/2013
- Data as of
- 12/2023
- EIN
- 27-2249051
Organization Overview
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 12/2023, Martial Promise generated $99.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $71.6k during the year ending 12/2023. While expenses have increased by 0.9% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Lustig President | 1 | $0 | |
Salvatore Musco Vice President | 30 | $0 | |
Rocco Pascale Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,698 |
| Total Program Service Revenue | $31,722 |
| Membership dues | $0 |
| Investment income | $16 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $19,536 |
| Total Revenue | $98,972 |
| 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 | $700 |
| Occupancy, rent, utilities, and maintenance | $41,521 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $29,384 |
| Total expenses | $71,605 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $235,475 |
| Other assets | $0 |
| Total assets | $243,717 |
| Total liabilities | $0 |
| Net assets or fund balances | $243,717 |