Shotokan Karate Club Of Maryland is located in Randallstown, MD. The organization was established in 2000. 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. Shotokan Karate Club Of Maryland 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, Shotokan Karate Club Of Maryland generated $48.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $56.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
PROMOTE GOOD CHARACTER THROUGH KARATE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gregory Wilkins President | 0.2 | $0 | |
Farid Amin Vice President | 0.2 | $0 | |
Najib Amin Secretary | 4 | $0 | |
Kai Jackson Director | 0.2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $2,005 |
Total Program Service Revenue | $0 |
Membership dues | $46,022 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $48,027 |
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 | $51,933 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $4,034 |
Total expenses | $56,667 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $7,563 |
Other assets | $0 |
Total assets | $7,563 |
Total liabilities | $5,069 |
Net assets or fund balances | $2,494 |