Wwc16 Administration Inc
- Assets
- $95.0k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 2
- Location
- Lubbock, TX
- Founding
- Data as of
- 12/2023
- EIN
- 88-1252501
Organization Overview
Wwc16 Administration Inc is located in Lubbock, TX. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Wwc16 Administration Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wwc16 Administration Inc 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, Wwc16 Administration Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 66.2% each year . All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF WWC16 IS TO ADMINISTER NATIONAL AND INTERNATIONAL AMATEUR WUSHU-KUNGFU COMPETITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSES OF WWC16 SHALL BE: A. TO ADMINISTER, MANAGE AND CONDUCT INTERNATIONAL AMATEUR WUSHU-KUNGFU ATHLETIC COMPETITIONS IN THE UNITED STATES; B. TO PROMPTLY REVIEW EVERY REQUEST SUBMITTED BY AN AMATEUR SPORTS ORGANIZATION TO HOLD AN INTERNATIONAL AMATEUR WUSHU-KUNGFU ATHLETIC COMPETITION IN THE UNITED STATES; C. TO ORGANIZE, ADMINISTER, AND MANAGE COMPETITIVE, AMATEUR WUSHU-KUNGFU OPPORTUNITIES FOR ALL AGES AND LEVELS OF ABILITY, INCLUDING INTERNATIONAL COMPETITION; D. TO OPERATE EXCLUSIVELY FOR PUBLIC HEALTH, SAFETY, EDUCATIONAL, AND CHARITABLE PURPOSES AND TO FURTHER THE PURPOSES AND OBJECTIVES OF THE AMATEUR SPORTS ACT OF 1978, PUB. L. MO. 95-606, 92 STAT. 3045 (1978); AND E. TO AID IN THE ACCOMPLISHMENT OF SUCH PURPOSES AND TO MAKE DISBURSEMENTS THAT QUALIFY IT AS AN EXEMPT ORGANIZATION UNDER SECTION 50L(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juohan Tong Member | Trustee | 40 | $18,667 |
Anthony Goh President | OfficerTrustee | 40 | $15,000 |
Carl Hyden Secretary Ge | OfficerTrustee | 4 | $0 |
Yi-Yuan Lee Vice Preside | OfficerTrustee | 4 | $0 |
Matthew Wong Member | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Globestream Media Llc | 12/30/23 | $120,100 |
Trinity Fb Services | 12/30/23 | $111,354 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $769,442 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $769,442 |
| Total Program Service Revenue | $872,326 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,641,768 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $33,667 |
| Compensation of current officers, directors, key employees. | $8,417 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,975 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,764 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,008 |
| Advertising and promotion | $61,385 |
| Office expenses | $111,578 |
| Information technology | $167,490 |
| Royalties | $0 |
| Occupancy | $8,357 |
| Travel | $91,455 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,360 |
| All other expenses | $56,929 |
| Total functional expenses | $2,019,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,995 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $94,995 |
| Accounts payable and accrued expenses | $5,573 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,573 |
| Net assets without donor restrictions | $89,422 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $94,995 |