United States Soo Bahk Do Moo Duk Kwan Foundation Inc
- Assets
- $15.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, NJ
- Founding
- 09/2011
- Data as of
- 12/2019
- EIN
- 27-3606696
Organization Overview
United States Soo Bahk Do Moo Duk Kwan Foundation Inc, operating under the name US SBDMDK Foundation, is located in Springfield, NJ. The organization was established in 2011. 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. US SBDMDK Foundation 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 12/2019, US SBDMDK Foundation generated $19.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $15.1k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (19.8%) per year over the past 4 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CORPORATION SHALL BE TO DIRECTLY OR INDIRECTLY FURTHER AND ENCOURAGE THE STUDY, THE PRACTICE, AND THE GROWTH OF PUBLIC RECOGNITION OF THE SOO BAHK DO(R) MOO DUK KWAN(R) MARTIAL ART SYSTEM AS LICENSED TO DO SO BY THE UNITED STATES SOO BAHK DO MOO DUK KWAN FEDERATION, INC. THE FOUNDATION WILL DO SO BY HOSTING EDUCATIONAL SEMINARS AND EVENTS, DISTRIBUTING EDUCATIONAL MATERIALS, LITERATURE, VIDEOS, ETC. OBTAINING GRANTS, SOLICITING DONATIONS, AND OTHER REVENUE SOURCES THAT FUND, THROUGH SCHOLARSHIPS, DONATIONS AND GRANTS, OR DIRECTLY CONDUCT COMMUNITY PROGRAMS AND CULTURAL AND EDUCATIONAL ACTIVITIES TO PROMOTE THE SOO BAHK DO(R) MOO DUK KWAN(R) MARTIAL ART SYSTEM AND ITS PHILOSOPHY OF CONFLICT PREVENTION, IMPROVING HUMAN RELATIONSHIPS AND MOVING TOWARD WORLD PEACE AND HARMONY AMONG ALL PEOPLE.
Describe the Organization's Program Activity:
Part 3
ONE MOO DUK KWAN - AS WE ARE A 501(C)3 CATEGORIZED AS A 509(A)3 SUPPORTING ORGANIZATION FOR THE UNITED STATES SOO BAHK DO MOO DUK KWAN FEDERATION, A 501(C)4 ORGANIZATION, THIS CAMPAIGN SPECIFICALLY SUPPORT MEMBERSHIP HARDSHIPS, TRADEMARK DEFENSE FOR THE NAME AND LOGOS WE ARE LICENSED TO USE BY THE 501(C)4 AND EDUCATIONAL SEMINARS TO PROMOTE THE MISSION TO EDUCATE THE ART OF SOO BAHK DO MOO DUK KWAN.
IN 2015, THE UNITED STATES SOO BAHK DO MOO DUK KWAN FOUNDATION SETUP THE FOUNDATION STUDIO ACCOUNTS (BENEFIT-A-LIFE) CAMPAIGN WHERE INDIVIDUAL MEMBER DOJANGS (STUDIOS TEACHING SOO BAHK DO MOO DUK KWAN) WOULD BE ABLE TO FUNDRAISE FOR RESTRICTED DONATIONS TO SPECIFICALLY HELP INDIVIDUAL MEMBER DOJANGS AND THEIR LOCAL COMMUNITIES WITH RESPECT TO FURTHERING THE MISSION PURPOSES TEACHING THE ART OF SOO BAHK DO MOO DUK KWAN, PROVIDING ASSISTANCE FOR TUITION, TESTING FEES, AND ACCESS TO CERTIFIED INSTRUCTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Maihos Board Member | 1 | $0 | |
Barb Schmitt Treasurer | 1 | $0 | |
Frank Tsai Board Member | 2 | $0 | |
Charles Smith Secretary | 1 | $0 | |
John Ballard President | 1 | $0 | |
Charles Mccartney Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,583 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $19,583 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,053 |
| Total expenses | $15,094 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,542 |
| Other assets | $0 |
| Total assets | $15,542 |
| Total liabilities | $0 |
| Net assets or fund balances | $15,542 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that United States Soo Bahk Do Moo Duk Kwan Foundation Inc has recieved totaling $169.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $169 |
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