Washington State Tae Kwon Do Founda

990EZ • Fiscal year 2022 • EIN 38-3906690

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 16, 2023

Organization Profile None

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4030 Martin Way EOlympia, WA 98506

(206) 898-4412

Siviq Scores

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

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

21%

Higher net margin than 71% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

41%

Faster asset growth than 81% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

51947%

Faster revenue growth than 100% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet

Liabilities / Assets58th percentile

Assets

$37,406

Up $10,859 (+41%) from 2021

Net Assets

$37,406

Up $10,859 (+41%) from 2021

Liabilities

Flat

Flat from 2021

Revenue And Expenses

Liabilities / Revenue58th percentile Net Margin71st percentile

Revenue

$52,047

Up $51,947 (+51947%) from 2021

Expenses

$41,188

Up $40,320 (+4645%) from 2021

Net Income

$10,859

Up $11,627 (+1514%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

Highlighted filing

2022

Assets$37,406

Liabilities$0

Net Assets$37,406

Open 2022 Filing

Operations Trend

Revenue Growth100th percentile

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

Highlighted filing

2022

Revenue$52,047

Expenses$41,188

Net Income$10,859

Open 2022 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2022 to Dec 31, 2022
Signed: Aug 16, 2023
Return Version: 2022v5.0
Gross Receipts: $54,342

Mission and Program Overview

Mission

The corporation is established for the purpose of promoting the matial art of tae kwon do by sponsoring amateur tae kwon do or other martial art competitions, including, but not limited to the governor's cup, providing for scholarships and engaging in other activities that promote tae kwon do.

To promote the Martial Arts of Taekwondo

Program Services

Description	Grants	Expenses
Break-A-Thon Fundraiser to raise funds for the Olympia and North Thurston School District.	-	-
Governors Cup Tournament Fundraiser to raise awareness and promote Tae Kwon Do.	-	-
Grant issued to students to participate in miscellaneous Martial Arts competitions.	-	-

Compensation and Service Providers

Top Officer Pay78th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
Young-Hak Lee	Trustee	-	$0	-	-
Jason Lee	President	-	$0	-	-
Angie Lee	Secretary	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Washington State Tae Kwon Do Foundation
EIN: 38-3906690
Address: 4030 Martin Way E, Olympia, WA 98506

Signing Officer

Name: Jason Lee
Title: President
Phone: 2068984412
Signed: 2023-08-16
Discuss with paid preparer: No

Preparer

Firm: Yu & Associates PLLC
Address: 5920 100th St SW Unit 27, Lakewood, WA 98499
Preparer: Kyong I Yu EA
Phone: 2535847799

Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

“Description AmountTKD Training Package Fees Received 47,000”

List of grants and similar amounts paid Part I line 10

“Activity Educational Programming Support Grantee Olympia School District Street 1113 Legion Way SE City, State, Zip Olympia, WA 98501Activity Educational Programming Support Grantee North Thurston Education FoundationStreet PO Box 3312 City, State, Zip Lacey, WA 98509Activity Educational Programming Support Grantee Tumwater Education Foundation Street PO Box 15122 City, State, Zip Tumwater, WA 98511-5122”

Description of other expenses Part I line 16

“Description AmountNational Service 4,350License Renewal 70TKD Training Package Fees 36,268”

Raw XML Appendix139 raw XML fields

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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IRS990EZ/BooksInCareOfDetail/PersonNm	0	Jason Lee
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	2068984412
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	4030 Martin Way E
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	Olympia
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	WA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	98506
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	26547
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	37406
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IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	1840
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	10859
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	500
IRS990EZ/FiledScheduleAInd	0	true
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	26547
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	37406
IRS990EZ/FundraisingGrossIncomeAmt	0	5502
IRS990EZ/GrossReceiptsAmt	0	54342
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/LandAndBuildingsGrp/BOYAmt	0	0
IRS990EZ/LandAndBuildingsGrp/EOYAmt	0	0
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	26547
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	37406
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	26547
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	37406
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	Young-Hak Lee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	Jason Lee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	Angie Lee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	Secretary
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	0
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	0
IRS990EZ/OtherExpensesTotalAmt	0	40688
IRS990EZ/OtherRevenueTotalAmt	0	47000
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	To promote the Martial Arts of Taekwondo
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	Break-A-Thon Fundraiser to raise funds for the Olympia and North Thurston School District.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	1	Governors Cup Tournament Fundraiser to raise awareness and promote Tae Kwon Do.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	2	Grant issued to students to participate in miscellaneous Martial Arts competitions.
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SpecialEventsDirectExpensesAmt	0	2295
IRS990EZ/SpecialEventsNetIncomeLossAmt	0	3207
IRS990EZ/StatesWhereCopyOfReturnIsFldCd	0	WA
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	0
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	0
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	41188
IRS990EZ/TotalProgramServiceExpensesAmt	0	0
IRS990EZ/TotalRevenueAmt	0	52047
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	None
IRS990ScheduleA/First5Years170Ind	0	X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	54342
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	20
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	35986
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	33251
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	123699
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportTotal170Amt	0	123699
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt	0	54342
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt	0	100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt	0	20
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt	0	35986
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt	0	33251
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	123699
IRS990ScheduleA/TotalSupportAmt	0	123699
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	Description AmountTKD Training Package Fees Received 47,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	Activity Educational Programming Support Grantee Olympia School District Street 1113 Legion Way SE City, State, Zip Olympia, WA 98501Activity Educational Programming Support Grantee North Thurston Education FoundationStreet PO Box 3312 City, State, Zip Lacey, WA 98509Activity Educational Programming Support Grantee Tumwater Education Foundation Street PO Box 15122 City, State, Zip Tumwater, WA 98511-5122
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	Description AmountNational Service 4,350License Renewal 70TKD Training Package Fees 36,268
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	List of grants and similar amounts paid Part I line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	Description of other expenses Part I line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd	0	AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd	0	IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd	0	00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd	0	0
ReturnHeader/BuildTS	0	2023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	false
ReturnHeader/BusinessOfficerGrp/PersonNm	0	Jason Lee
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	President
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	2068984412
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2023-08-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	Washington State Tae Kwon Do Foundation
ReturnHeader/Filer/BusinessNameControlTxt	0	WASH
ReturnHeader/Filer/EIN	0	383906690
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	4030 Martin Way E
ReturnHeader/Filer/USAddress/CityNm	0	Olympia
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	WA
ReturnHeader/Filer/USAddress/ZIPCd	0	98506
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	Yu & Associates PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	5920 100th St SW Unit 27
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	Lakewood
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	98499
ReturnHeader/PreparerPersonGrp/PhoneNum	0	2535847799
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2023-08-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	Kyong I Yu EA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd	0	X
ReturnHeader/ReturnTs	0	2023-08-28T13:51:00-04:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	Jason
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	Lee
ReturnHeader/TaxPeriodBeginDt	0	2022-01-01
ReturnHeader/TaxPeriodEndDt	0	2022-12-31
ReturnHeader/TaxYr	0	2022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $37,406
Liabilities: $0
Net assets: $37,406
Revenue: $52,047
Expenses: $41,188
Net income: $10,859

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$89.9	$0.00	$89.9	$79.3	$42.2	$37.1
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$52.8	$0.00		$62.0	$46.6	$15.4
2022Detailed filing. Detailed filing data is available for this year.	$37.4	$0.00	$37.4	$52.0	$41.2	$10.9
2021Detailed filing. Detailed filing data is available for this year.	$26.5	$0.00	$26.5	$0.10	$0.87	$0.77
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$27.3	$0.00	$27.3	$0.02	$2.58	$2.56
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$29.9	$0.00		$10.9	$13.8	$2.97
2018Detailed filing. Detailed filing data is available for this year.	$32.8	$0.00	$32.8	$21.8	$17.8	$4.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$28.8	$0.00	$28.8	$35.8	$18.4	$17.4
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$11.4	$0.00	$11.4	$26.3	$15.2	$11.2
2015Detailed filing. Detailed filing data is available for this year.	$0.25	$0.00	$0.25	$22.0	$21.7	$0.27
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.45	$1.47	$0.02	$26.9	$27.9	$0.97
2013Summary only. Only limited summary data is available for this year.	$0.96	$0.00		$32.0	$35.9	$3.91