New York Budo Association
- Assets
- $69.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 11/2017
- Data as of
- 12/2023
- EIN
- 82-3048469
Organization Overview
New York Budo Association is located in Brooklyn, NY. The organization was established in 2017. 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. New York Budo Association 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, New York Budo Association generated $51.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $34.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 6 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
2023
Describe the Organization's Program Activity:
Part 3
CURRENTLY, OUR FOCUS IS THE STUDY OF IAIDO THE DRAWING OF THE JAPANESE SWORD, SPECIFICALLY RYUSHIN SHOUCHI RYU. WE EVENTUALLY HOPE TO EXPAND OUR AREAS OF PRACTICE INTO KYUDO, JAPANESE ARCHERY AND JODO, JAPANESE STAFF. CO-COORDINATING AND DEVELOPING PHYSICAL ACTIONS WITH MENTAL AWARENESS VIA ANCIENT SPIRITUAL TECHNIQUES IS AS DAUNTING AS IT IS REWARDING.IN THE MEMORY OF YOSHITSUNE OTANI SENSEI (1929 2002), WE CONTINUE TO PRACTICE BUDO AS WELL AS OUR SELF-SUSTAINING COMMUNAL APPROACH TO LEARNING. NONE OF OUR INSTRUCTORS ARE PAID AND ALL OF OUR SENIOR MEMBERS SHOULDER ORGANIZATIONAL RESPONSIBILITIES.WE PROVIDE AN ACTIVE COMMUNITY WHERE INDIVIDUALS FROM ALL BACKGROUNDS MAY DEVELOP THEMSELVES PHYSICALLY AND MENTALLY THROUGH THE ABOVE ARTS. WE PROMOTE UNDERSTANDING AND THE PRACTICE OF THESE TRADITIONAL JAPANESE ARTS, AS WELL AS OTHER JAPANESE CULTURAL ACTIVITIES AND WELCOME PRODUCTIVE PARTNERSHIPS WITH SCHOOLS, OTHER NON-PROFITS, AND COMMUNITY ORGANIZATIONS THAT ENHANCE UNDERSTANDING OF OUR MISSION.WE HAVE RESUMED IN-PERSON ACTIVITIES AND MANAGED TO CONTINUE WITH ONLINE TRAINING, GAINING MORE STUDENTS IN EUROPE AND ACROSS THE GLOBE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitchell Ratchik President | 1 | $0 | |
Livia Salgado Vice President | 1 | $0 | |
Donald Lee Secretary (from August) | 1 | $0 | |
Max Choi Treasurer (from May) | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,204 |
| Total Program Service Revenue | $19,014 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $543 |
| Total Revenue | $51,913 |
| 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 | $1,350 |
| Occupancy, rent, utilities, and maintenance | $16,632 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,412 |
| Total expenses | $34,394 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $69,206 |
| Other assets | $0 |
| Total assets | $69,206 |
| Total liabilities | $0 |
| Net assets or fund balances | $69,206 |