Civic Intelligence

The Boston Taekwondo Project Inc

990 • Fiscal year 2015 • EIN 04-3485635

Oct 01, 2014 to Sep 30, 2015 • Filed on Mar 30, 2016

600R Massachusetts AveCambridge, MA 02139-3307

(617) 876-4853

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.13x

Higher debt load relative to assets than 79% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

78th percentile

0.06x

Higher debt load relative to revenue than 78% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

53rd percentile

4.3%

Higher net margin than 53% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

80th percentile

$13,146

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

69th percentile

16%

Faster asset growth than 69% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

52nd percentile

2.5%

Faster revenue growth than 52% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$125,441

Up $17,490 (+16%) from 2014

Net Assets

Up

$109,704

Up $1,953 (+1.8%) from 2014

Liabilities

Up

$15,737

Up $15,537 (+7769%) from 2014

Revenue

Up

$253,931

Up $6,115 (+2.5%) from 2014

Expenses

Up

$243,024

Up $11,796 (+5.1%) from 2014

Net Income

Down

$10,907

Down $5,681 (-34%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2011: $58,161Liabilities 2011: $6,621Net Assets 2011: $51,5402011Assets 2012: $89,865Liabilities 2012: $6,624Net Assets 2012: $83,2412012Assets 2013: $91,326Liabilities 2013: $163Net Assets 2013: $91,1632013Assets 2014: $107,951Liabilities 2014: $200Net Assets 2014: $107,7512014Assets 2015: $125,441Liabilities 2015: $15,737Net Assets 2015: $109,7042015Assets 2016: $120,373Liabilities 2016: $9,096Net Assets 2016: $111,2772016Assets 2017: $126,552Liabilities 2017: $7,602Net Assets 2017: $118,9502017Assets 2018: $117,993Liabilities 2018: $6,973Net Assets 2018: $111,0202018Assets 2019: $121,520Liabilities 2019: $9,969Net Assets 2019: $111,5512019Assets 2020: $120,042Liabilities 2020: $20,754Net Assets 2020: $99,2882020Assets 2021: $72,102Liabilities 2021: $10,796Net Assets 2021: $61,3062021Assets 2022: $61,416Liabilities 2022: $13,599Net Assets 2022: $47,8172022Assets 2023: $116,986Liabilities 2023: $9,372Net Assets 2023: $107,6142023Assets 2024: $204,226Liabilities 2024: $11,990Net Assets 2024: $192,2362024Assets 2025: $141,406Liabilities 2025: $5,066Net Assets 2025: $136,3402025

Highlighted filing

2015

Assets$125,441
Liabilities$15,737
Net Assets$109,704

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $191,179Expenses 2011: $173,639Net Income 2011: $17,5402011Revenue 2012: $213,708Expenses 2012: $182,324Net Income 2012: $31,3842012Revenue 2013: $210,521Expenses 2013: $202,019Net Income 2013: $8,5022013Revenue 2014: $247,816Expenses 2014: $231,228Net Income 2014: $16,5882014Revenue 2015: $253,931Expenses 2015: $243,024Net Income 2015: $10,9072015Revenue 2016: $273,926Expenses 2016: $272,353Net Income 2016: $1,5732016Revenue 2017: $310,727Expenses 2017: $303,054Net Income 2017: $7,6732017Revenue 2018: $342,291Expenses 2018: $350,221Net Income 2018: -$7,9302018Revenue 2019: $364,282Expenses 2019: $363,751Net Income 2019: $5312019Revenue 2020: $375,292Expenses 2020: $387,555Net Income 2020: -$12,2632020Revenue 2021: $316,658Expenses 2021: $354,640Net Income 2021: -$37,9822021Revenue 2022: $340,500Expenses 2022: $353,989Net Income 2022: -$13,4892022Revenue 2023: $450,694Expenses 2023: $390,897Net Income 2023: $59,7972023Revenue 2024: $506,756Expenses 2024: $422,134Net Income 2024: $84,6222024Revenue 2025: $439,323Expenses 2025: $498,070Net Income 2025: -$58,7472025

Highlighted filing

2015

Revenue$253,931
Expenses$243,024
Net Income$10,907
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Mar 30, 2016
Return Version
2014v6.0
Gross Receipts
$267,133
Mission and Program Overview

Mission

Martial arts instruction at multiple class levels for adults and youth

SEE PART III.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$83,944$103,346▲ $19,402
Land, Buildings, and Equipment, Net$15,314$13,402▼ $1,912
Inventories for Sale or Use$2,793$2,793→ $0
Total Assets$107,951$125,441▲ $17,490
Other Assets Total$5,900$5,900→ $0
Liabilities
Other Liabilities$9,154$15,737▲ $6,583
Total Liabilities$9,154$15,737▲ $6,583
Net Assets / Fund Balance
Unrestricted Net Assets$98,797$109,704▲ $10,907
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$98,797$109,704▲ $10,907
Total Liabilities and Net Assets / Fund Balance$107,951$125,441▲ $17,490

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$13,402$10,018$23,420
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Bart GoldbergPresident/clerkPT$13,146$13,146

Board Members and Trustees

NameTitle
Daniel ChuangChairman
Chinedum OsujiDirector
Christopher TuozzoloDirector
Kristian CibulskisDirector
Melinda MinearDirector
Elaine GrunbergAsst Treasurer
Tamar SchenfeldAsst Treasurer
Chris LoDojang Manager
Kevin LuTreasurer
Maureen ShepherdTreasury Advisor
Joy SunVP Events
Desirae MixVP Marketing
Tara SarathiVP Operations
Revenue and Support

Revenue Composition

Contributions and Grants
$12,198
Program Service Revenue
$240,253
Investment Income
$0
Other Revenue
$1,480
All Other Contributions
$12,198
Change in Net Assets
$10,907
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$229,878
Salaries, Compensation, and Employee Benefits$13,146
Total Fundraising Expense$450
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$78,714$8,746-$87,460
Occupancy$72,452$8,051-$80,503
Current Officers, Directors, Trustees, and Key Employees$11,831$1,315-$13,146
Office Expenses-$7,704-$7,704
Insurance$2,556$284-$2,840
Advertising$2,761--$2,761
All Other Expenses$1,684$187$450$2,321
Depreciation Depletion$1,721$191-$1,912
Other Expenses$1,631$181-$1,812
Conferences and Meetings$930--$930
Total Functional Expenses$215,915$26,659$450$243,024
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held in Trust$15,650
Sales Tax Payable$87
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

A copy of the form 990 is provided to the board of directors. It is reviewed and approved prior to the filing of the return.

Form 990, Part VI, Section C, Line 18

All documents that are to required be made available to the general public are available upon request.

Form 990, Part VI, Section C, Line 19

All documents that are to required be made available to the general public are available upon request.

Filing and Contact Details

Filer

Filer Name
Boston Taekwondo Project Inc
EIN
04-3485635
Phone
6178764853
Address
600R MASSACHUSETTS AVE, CAMBRIDGE, MA 02139-3307
Doing Business As
Cw Taekwondo Boston

Signing Officer

Name
Kevin Lu
Title
Treasurer
Phone
6178764853
Signed
2016-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Chuang
Formed
1999
Legal Domicile
Ma
Voting Board Members
14
Independent Board Members
13
Employees
0
Volunteers
20

Preparer

Firm
Murphy Edwards Goncalves & Ferrera Pc
Address
144 TURNPIKE ROAD SUITE 340, SOUTHBORO, MA 01772
Preparer
Jennifer Ferrera
Phone
5082297900
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Instructor fees: program service expenses 78,714. Management and general expenses 8,746. Fundraising expenses 0. Total expenses 87,460.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0240253
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0240253
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt032117
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0223154
IRS990/PYOtherRevenueAmt012167
IRS990/PYProgramServiceRevenueAmt0203532
IRS990/PYRevenuesLessExpensesAmt016588
IRS990/PYSalariesCompEmpBnftPaidAmt08074
IRS990/PYTotalExpensesAmt0231228
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0247816
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt010907
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0550
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0240253
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt046567
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt032117
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0525
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt013352
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt019500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0112061
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0550
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt07200
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt09600
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt013740
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt013800
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt044890
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0254410
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0214256
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0210455
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0186505
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0157879
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01023505
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0550
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07200
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt09600
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt013740
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt013800
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt044890
IRS990ScheduleA/InvestmentIncomeCYPct00.03800
IRS990ScheduleA/InvestmentIncomePYPct00.05580
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96200
IRS990ScheduleA/PublicSupportPY509Pct00.94420
IRS990ScheduleA/PublicSupportTotal509Amt01135566
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0300977
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0246373
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0210980
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0199857
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0177379
IRS990ScheduleA/Total509Grp/TotalAmt01135566
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0301527
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0253573
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0220580
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0213597
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0191179
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01180456
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt013402
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt010018
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt023420
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt087
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt115650
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SALES TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1FUNDS HELD IN TRUST
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013402
IRS990ScheduleD/TotalLiabilityAmt015737
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS. IT IS REVIEWED AND APPROVED PRIOR TO THE FILING OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DOCUMENTS THAT ARE TO REQUIRED BE MADE AVAILABLE TO THE GENERAL PUBLIC ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS THAT ARE TO REQUIRED BE MADE AVAILABLE TO THE GENERAL PUBLIC ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INSTRUCTOR FEES: PROGRAM SERVICE EXPENSES 78,714. MANAGEMENT AND GENERAL EXPENSES 8,746. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 87,460.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0107951
IRS990/TotalAssetsEOYAmt0125441
IRS990/TotalAssetsGrp/BOYAmt0107951
IRS990/TotalAssetsGrp/EOYAmt0125441
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt012198
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0450
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt026659
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0215915
IRS990/TotalFunctionalExpensesGrp/TotalAmt0243024
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09154
IRS990/TotalLiabilitiesEOYAmt015737
IRS990/TotalLiabilitiesGrp/BOYAmt09154
IRS990/TotalLiabilitiesGrp/EOYAmt015737
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt098797
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0109704
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0215915
IRS990/TotalProgramServiceRevenueAmt0240253
IRS990/TotalReportableCompFromOrgAmt013146
IRS990/TotalRevenueGrp/ExclusionAmt0550
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0241183
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0253931
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.41$0.05$1.36$4.39$4.98$0.59
2024Detailed filing. Detailed filing data is available for this year.$2.04$0.12$1.92$5.07$4.22$0.85
2023Detailed filing. Detailed filing data is available for this year.$1.17$0.09$1.08$4.51$3.91$0.60
2022Detailed filing. Detailed filing data is available for this year.$0.61$0.14$0.48$3.41$3.54$0.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.11$0.61$3.17$3.55$0.38
2020Detailed filing. Detailed filing data is available for this year.$1.20$0.21$0.99$3.75$3.88$0.12
2019Detailed filing. Detailed filing data is available for this year.$1.22$0.10$1.12$3.64$3.64$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.18$0.07$1.11$3.42$3.50$0.08
2017Detailed filing. Detailed filing data is available for this year.$1.27$0.08$1.19$3.11$3.03$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.20$0.09$1.11$2.74$2.72$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.25$0.16$1.10$2.54$2.43$0.11
2014Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$2.48$2.31$0.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.00$0.91$2.11$2.02$0.09
2012Summary only. Only limited summary data is available for this year.$0.90$0.07$0.83$2.14$1.82$0.31
2011Summary only. Only limited summary data is available for this year.$0.58$0.07$0.52$1.91$1.74$0.18