U S A National Karate-Do Federation Inc
- Assets
- $604.0k
- Revenue
- $899.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Colorado Springs, CO
- Founding
- 10/1994
- Data as of
- 12/2021
- EIN
- 91-1646543
Organization Overview
U S A National Karate-Do Federation Inc is located in Colorado Springs, CO. The organization was established in 1994. 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 12/2021, U S A National Karate-Do Federation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. U S A National Karate-Do Federation 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 12/2021, U S A National Karate-Do Federation Inc generated $899.0k 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 (3.4%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SPONSORS NATIONAL KARATE COMPETITIONS AND PARTICIPATES IN INTERNATIONAL COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORS NATIONAL COMPETITIONS AND PARTICIPATES IN INTERNATIONAL COMPETITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Dipasquale Chairman Of | Officer | $0 | |
Terrance Hill Director | Trustee | $0 | |
Sasha Gerritson Director | Trustee | $0 | |
Roger Jarrett Director | Trustee | $0 | |
Doug Jepperson Director | Trustee | $0 | |
Brian Mertel Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $135,355 |
| Fundraising events | $0 |
| Related organizations | $204,676 |
| Government grants | $1,111 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,131 |
| Noncash contributions included in lines 1a–1f | $20,131 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $361,273 |
| Total Program Service Revenue | $537,554 |
| Investment income | $149 |
| 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 | $898,976 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $232,027 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,194 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,735 |
| Fees for services: Accounting | $35,748 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,000 |
| Advertising and promotion | $27,991 |
| Office expenses | $1,795 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,872 |
| Travel | $20,803 |
| 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 | $1,446 |
| Insurance | $52,946 |
| All other expenses | $16,396 |
| Total functional expenses | $1,251,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $581,019 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,656 |
| 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 | $11,316 |
| Net Land, buildings, and equipment | $4,977 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $603,968 |
| Accounts payable and accrued expenses | $167,002 |
| Grants payable | $0 |
| Deferred revenue | $3,625 |
| 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 | $12,227 |
| Total liabilities | $182,854 |
| Net assets without donor restrictions | $421,114 |
| 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 | $603,968 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that U S A National Karate-Do Federation Inc has recieved totaling $200,397.
| Awarding Organization | Amount |
|---|---|
United States Olympic & Paralympic Committee Colorado Springs, CO PURPOSE: OLYMPIC/PARALYMPIC SUPPORT | $190,500 |
El Pomar Foundation Colorado Springs, CO PURPOSE: NONPROFIT OFFICE SPACE | $9,886 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Sports Foundation Scottsdale, AZ | $81,400,423 | $14,775,397 |
Ute Conference Incorporated Salt Lake City, UT | $2,255,529 | $3,204,941 |
Federation Of International Lacrosse Colorado Springs, CO | $3,266,134 | $134,323 |
Usa Taekwondo Inc Colorado Springs, CO | $524,172 | $2,630,547 |
Utah Sports Commission Foundation Salt Lake City, UT | $18,438,050 | $3,736,716 |
Columbine-Lakewood Colorado Soccer Association Littleton, CO | $2,347,897 | $1,993,125 |
Arsenal Alliance Soccer Club South Jordan, UT | $2,138,683 | $1,979,351 |
United States Judo Inc Colorado Springs, CO | $1,217,965 | $1,945,568 |
Colorado Springs Sports Corporation Colorado Springs, CO | $3,652,409 | $2,084,620 |
Harmony Amateur Sports Foundation Encampment, WY | $11,031,379 | $10,357,162 |
Td4tucson Tucson, AZ | $1,275,054 | $1,690,367 |
National Collegiate Hockey Conference Colorado Springs, CO | $2,025,436 | $1,750,874 |