Civic Intelligence

World Tang Soo Do Foundation

990 • Fiscal year 2018 • EIN 42-1541371

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 12, 2019

Organization ProfileWWW.WTSDA.COM
2436 Hanford RoadBurlington, NC 27215

(215) 468-2121

Siviq Scores

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

Liabilities / Assets

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

19th percentile

0.03x

Higher debt load relative to revenue than 19% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Source year 2018

Net Margin

96th percentile

71%

Higher net margin than 96% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

41st percentile

$66,863

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 34.7% of source-year revenue.

2018 filings • NTEE S • $1M-$5M nonprofits • Source year 2018

Asset Growth

60th percentile

3.8%

Faster asset growth than 60% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

13th percentile

-24%

Faster revenue growth than 13% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets11th percentile

Assets

Up

$3,883,909

Up $142,912 (+3.8%) from 2017

Net Assets

Up

$3,878,214

Up $137,217 (+3.7%) from 2017

Liabilities

Up

$5,695

Up $5,695 from 2017

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin96th percentile

Revenue

Down

$192,657

Down $61,810 (-24%) from 2017

Expenses

Down

$55,440

Down $30,906 (-36%) from 2017

Net Income

Down

$137,217

Down $30,904 (-18%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,847,710Liabilities 2010: $0Net Assets 2010: $1,847,7102010Assets 2011: $2,866,462Liabilities 2011: $561,477Net Assets 2011: $2,304,9852011Assets 2012: $3,514,847Liabilities 2012: $905,298Net Assets 2012: $2,609,5492012Assets 2013: $3,652,882Liabilities 2013: $878,286Net Assets 2013: $2,774,5962013Assets 2014: $3,883,781Liabilities 2014: $748,178Net Assets 2014: $3,135,6032014Assets 2015: $3,894,966Liabilities 2015: $610,261Net Assets 2015: $3,284,7052015Assets 2016: $3,798,252Liabilities 2016: $225,376Net Assets 2016: $3,572,8762016Assets 2017: $3,740,997Liabilities 2017: $0Net Assets 2017: $3,740,9972017Assets 2018: $3,883,909Liabilities 2018: $5,695Net Assets 2018: $3,878,2142018Assets 2019: $3,897,194Liabilities 2019: $0Net Assets 2019: $3,897,1942019Assets 2020: $3,896,226Liabilities 2020: $0Net Assets 2020: $3,896,2262020Assets 2021: $3,885,681Liabilities 2021: $0Net Assets 2021: $3,885,6812021Assets 2022: $4,196,057Liabilities 2022: $0Net Assets 2022: $4,196,0572022Assets 2023: $4,367,426Liabilities 2023: $18,778Net Assets 2023: $4,348,6482023Assets 2024: $4,502,961Liabilities 2024: $15,778Net Assets 2024: $4,487,1832024

Highlighted filing

2018

Assets$3,883,909
Liabilities$5,695
Net Assets$3,878,214
Open 2018 Filing

Operations Trend

Revenue Growth13th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $36,2522010Expenses 2011: $41,9182011Expenses 2012: $119,3822012Revenue 2013: $216,110Expenses 2013: $51,063Net Income 2013: $165,0472013Revenue 2014: $407,743Expenses 2014: $46,736Net Income 2014: $361,0072014Revenue 2015: $230,964Expenses 2015: $81,862Net Income 2015: $149,1022015Revenue 2016: $335,972Expenses 2016: $47,801Net Income 2016: $288,1712016Revenue 2017: $254,467Expenses 2017: $86,346Net Income 2017: $168,1212017Revenue 2018: $192,657Expenses 2018: $55,440Net Income 2018: $137,2172018Revenue 2019: $159,434Expenses 2019: $154,121Net Income 2019: $5,3132019Revenue 2020: $62,741Expenses 2020: $63,709Net Income 2020: -$9682020Revenue 2021: $44,343Expenses 2021: $54,888Net Income 2021: -$10,5452021Revenue 2022: $295,109Expenses 2022: $91,885Net Income 2022: $203,2242022Revenue 2023: $95,633Expenses 2023: $80,694Net Income 2023: $14,9392023Revenue 2024: $351,447Expenses 2024: $137,240Net Income 2024: $214,2072024

Highlighted filing

2018

Revenue$192,657
Expenses$55,440
Net Income$137,217
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 12, 2019
Return Version
2018v3.1
Gross Receipts
$278,862
Mission and Program Overview

Mission

Nurture the educational growth and development via academic scholarship and promote the ideal of being a positive influence and productive participant in the community. Also raising capital to build a headquarters where members can train and take lessons back to their respective studios.

Nurture educational growth and promote a positive influence in our communities

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,279,137$3,207,919▼ $71,218
Savings and Temporary Cash Investments$132,923$375,412▲ $242,489
Cash and Non-Interest-Bearing Accounts$248,278$210,821▼ $37,457
Inventories for Sale or Use$80,659$89,757▲ $9,098
Total Assets$3,740,997$3,883,909▲ $142,912
Liabilities
Accounts Payable and Accrued Expenses-$5,695-
Total Liabilities$0$5,695▲ $5,695
Net Assets / Fund Balance
Unrestricted Net Assets$3,740,997$3,878,214▲ $137,217
Total Net Assets Fund Balance$3,740,997$3,878,214▲ $137,217
Total Liabilities and Net Assets / Fund Balance$3,740,997$3,883,909▲ $142,912

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,874,294$372,054$2,246,348
Land$1,069,079-$400,000
Leasehold Improvements$264,546$60,112$324,658
Equipment$0$11,415$11,415
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleOtherTotal
Gideon LeeChief of Staff$66,863$66,863
Robert BeaudoinChair$27,000$27,000

Board Members and Trustees

NameTitle
Barbara BelliniChair, Building Fund Committee
Kristen WinskoChair, Legal Affairs Committee
Michael MolinaroChair, Scholarship Committee
Sanford LipsteinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$205,750
Program Service Revenue
$0
Investment Income
$110
Other Revenue
$-13,203
All Other Contributions
$176,343
Change in Net Assets
$137,217
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$39,800
Other Expenses$15,640
Total Fundraising Expense$8,351
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$39,800--$39,800
Office Expenses--$8,351$8,351
Depreciation Depletion-$7,122-$7,122
Other Expenses-$167-$167
Total Functional Expenses$39,800$7,289$8,351$55,440
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The organization has no committees with authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is prepared by an independent accounting firm and reviewed by the treasurer and general counsel prior to filing with the internal revenue service. A copy of the complete form 990 is provided to the full board after it is filed with the internal revenue service.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy applies to the members of the board of directors. Potential conflicts related to a board or committee action are reported to the board. The person having the conflict of interest may not vote on the matter. Annual disclosure of conflicts of interest is required.”

Form 990, Part VI, Section B, Line 15

“The organization does not compensate any individual who meets the internal revenue service definition of top management official, officer, or key employee.”

Form 990, Part VI, Section C, Line 19

“The governing documents and conflict of interest policy are available to the public upon request. The organization does not issue formal financial statements.”

Filing and Contact Details

Filer

Filer Name
World Tang Soo Do Foundation
EIN
42-1541371
Phone
2154682121
Address
2436 HANFORD ROAD, BURLINGTON, NC 27215

Signing Officer

Name
Sandy Lipstein
Title
Treasurer
Phone
2154682121
Signed
2019-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Beaudoin
Formed
2002
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
4
Employees
0
Volunteers
100

Preparer

Firm
Cliftonlarsonallen Llp
Address
610 W GERMANTOWN PIKE STE 400, PLYMOUTH MEETING, PA 19462
Preparer
Bruce Braunewellcpa
Phone
2156433900
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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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IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0669079
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0400000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0264546
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt060112
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0324658
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03207919
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt039800
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt039
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIP RECIPIENTS ARE ALL ACTIVE TANG SOO DO STUDENTS AND TYPICALLY CONTINUE THEIR MARTIAL ARTS TRAINING. AS SUCH, THE WORLD TANG SOO DO FOUNDATION MAINTAINS CONTACT WITH ALL RECIPIENTS ENSURING THE PROPER USE OF SCHOLARSHIP FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE TREASURER AND GENERAL COUNSEL PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. A COPY OF THE COMPLETE FORM 990 IS PROVIDED TO THE FULL BOARD AFTER IT IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY APPLIES TO THE MEMBERS OF THE BOARD OF DIRECTORS. POTENTIAL CONFLICTS RELATED TO A BOARD OR COMMITTEE ACTION ARE REPORTED TO THE BOARD. THE PERSON HAVING THE CONFLICT OF INTEREST MAY NOT VOTE ON THE MATTER. ANNUAL DISCLOSURE OF CONFLICTS OF INTEREST IS REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT COMPENSATE ANY INDIVIDUAL WHO MEETS THE INTERNAL REVENUE SERVICE DEFINITION OF TOP MANAGEMENT OFFICIAL, OFFICER, OR KEY EMPLOYEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION DOES NOT ISSUE FORMAL FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0222429979
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ENHANCE LIVES THROUGH THE TRAINING OF TRADITIONAL TANG SOO DO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt03883909
IRS990/TotalAssetsGrp/BOYAmt03740997
IRS990/TotalAssetsGrp/EOYAmt03883909
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0205750
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt08351
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07289
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt039800
IRS990/TotalFunctionalExpensesGrp/TotalAmt055440
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03878214
IRS990/TotalOtherCompensationAmt06900
IRS990/TotalProgramServiceExpensesAmt039800
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-41494
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt028401
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0192657
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/WebsiteAddressTxt0WWW.WTSDA.COM
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SANDY LIPSTEIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02154682121
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WORLD TANG SOO DO FOUNDATION
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ReturnHeader/FilingSecurityInformation/IPTm012:38:38
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0610 W GERMANTOWN PIKE STE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PLYMOUTH MEETING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019462
ReturnHeader/PreparerPersonGrp/PhoneNum02156433900
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRUCE BRAUNEWELLCPA
ReturnHeader/ReturnTs02019-11-12T16:42:01-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,883,909
Liabilities
$5,695
Net assets
$3,878,214
Revenue
$192,657
Expenses
$55,440
Net income
$137,217
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.50$0.02$4.49$0.35$0.14$0.21
2023Detailed filing. Detailed filing data is available for this year.$4.37$0.02$4.35$0.10$0.08$0.01
2022Detailed filing. Detailed filing data is available for this year.$4.20$0.00$4.20$0.30$0.09$0.20
2021Detailed filing. Detailed filing data is available for this year.$3.89$0.00$3.89$0.04$0.05$0.01
2020Detailed filing. Detailed filing data is available for this year.$3.90$0.00$3.90$0.06$0.06$0.00
2019Detailed filing. Detailed filing data is available for this year.$3.90$0.00$3.90$0.16$0.15$0.01
2018Detailed filing. Detailed filing data is available for this year.$3.88$0.01$3.88$0.19$0.06$0.14
2017Detailed filing. Detailed filing data is available for this year.$3.74$0.00$3.74$0.25$0.09$0.17
2016Detailed filing. Detailed filing data is available for this year.$3.80$0.23$3.57$0.34$0.05$0.29
2015Detailed filing. Detailed filing data is available for this year.$3.89$0.61$3.28$0.23$0.08$0.15
2014Detailed filing. Detailed filing data is available for this year.$3.88$0.75$3.14$0.41$0.05$0.36
2013Detailed filing. Detailed filing data is available for this year.$3.65$0.88$2.77$0.22$0.05$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.51$0.91$2.61$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.87$0.56$2.30$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$0.00$1.85$0.04