Civic Intelligence

Atlanta Karate Inc

EIN 45-5366248 • 501(c)3 • Athens, GA

Profile

Atlanta karate, inc. Provideds after school classes for children, summer camps for children, self defense classes for women, and martial arts classes for the local community. Atlanta karate, inc. Strives to combine fun with moral and physical fitness by building and developing self confidence, self control and a non-defeatist attitude within the individual student in a safe, educational environment.

505 Red Bluff DrAthens, GA 30607

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

55th percentile

4.0%

Higher net margin than 55% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

99th percentile

$84,500

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 72.7% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

84th percentile

38%

Faster asset growth than 84% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

16%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$16,957

Up $4,708 (+38%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

$16,957

No earlier filing loaded for comparison.

Revenue

Up

$116,278

Up $16,332 (+16%) from 2023

Expenses

Up

$111,570

Up $14,775 (+15%) from 2023

Net Income

Up

$4,708

Up $1,557 (+49%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30K$20K$10K$0Assets 2013: $2,108Liabilities 2013: $02013Assets 2014: $20,843Liabilities 2014: $02014Assets 2015: $8,408Liabilities 2015: $02015Assets 2016: $9,208Net Assets 2016: $9,2082016Assets 2017: $17,792Net Assets 2017: $17,7922017Assets 2018: $20,119Liabilities 2018: $02018Assets 2019: $6,946Net Assets 2019: $6,9462019Assets 2020: $10,386Liabilities 2020: $02020Assets 2021: $11,176Net Assets 2021: $11,1762021Assets 2022: $9,098Net Assets 2022: $9,0982022Assets 2023: $12,249Liabilities 2023: $02023Assets 2024: $16,957Net Assets 2024: $16,9572024

Highlighted filing

2024

Assets$16,957
Liabilities-
Net Assets$16,957

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2013: $108,632Expenses 2013: $106,365Net Income 2013: $2,2672013Revenue 2014: $149,068Expenses 2014: $129,606Net Income 2014: $19,4622014Revenue 2015: $122,153Expenses 2015: $133,170Net Income 2015: -$11,0172015Revenue 2016: $122,408Expenses 2016: $120,594Net Income 2016: $1,8142016Revenue 2017: $122,884Expenses 2017: $113,508Net Income 2017: $9,3762017Revenue 2018: $107,580Expenses 2018: $105,186Net Income 2018: $2,3942018Revenue 2019: $89,182Expenses 2019: $102,292Net Income 2019: -$13,1102019Revenue 2020: $86,088Expenses 2020: $82,648Net Income 2020: $3,4402020Revenue 2021: $61,783Expenses 2021: $60,993Net Income 2021: $7902021Revenue 2022: $84,198Expenses 2022: $86,276Net Income 2022: -$2,0782022Revenue 2023: $99,946Expenses 2023: $96,795Net Income 2023: $3,1512023Revenue 2024: $116,278Expenses 2024: $111,570Net Income 2024: $4,7082024

Highlighted filing

2024

Revenue$116,278
Expenses$111,570
Net Income$4,708

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jun 3, 2024
Return Version
2023v6.0
Gross Receipts
$116,278
Mission and Program Overview

Mission

Atlanta karate, inc. Provideds after school classes for children, summer camps for children, self defense classes for women, and martial arts classes for the local community. Atlanta karate, inc. Strives to combine fun with moral and physical fitness by building and developing self confidence, self control and a non-defeatist attitude within the individual student in a safe, educational environment.

Program Services

DescriptionGrantsExpenses
ATLANTA KARATE, INC. STRIVES TO TEACH STUDENTS, 1ST GRADE ELEMENTARY AGE AND OLDER, THE BENEFITS OF MARTIAL ARTS WHILE INSTILLING CONFIDENCE, SELF CONTROL AND A NON-DEFEATISIT ATTITTUDE. OUR PROGRAM HAS NOW EXPANDED TO 8 SCHOOLS AND OVER 180 STUDENTS PER WEEK DURING THE SCHOOL YEAR. WE ALSO PROVIDE SUMMER DAY CAMPS FOR STUDENTS,AS WELL AS SELF DEFENSE CLASSES FOR WOMEN.-$109,784
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DOUG STORMTreasurer/DiFT$84,500-$84,500
SHAWN MCELROYPresident/DiPT$6,000-$6,000
RACHEL GOWENSecretary/Di-$0--
Filing and Contact Details

Filer

Filer Name
Atlanta Karate Inc
EIN
45-5366248
Phone
4046435531
Address
505 RED BLUFF DR, ATHENS, GA 30607

Signing Officer

Name
Doug Storm
Title
Treasurer/director
Phone
4046435531
Signed
2024-06-03
Discuss with paid preparer
Yes

Preparer

Firm
Kaspar & White CPA Pc
Address
5502 PEACHTREE RD STE 200, CHAMBLEE, GA 30341
Preparer
Kevin Kaspar CPA
Phone
7704917510
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

Cuong nhu of atlanta inc dojo facility rent 4,800 465 boulevard se atlanta ga 30312

Form 990-ez, Part I, Line 16

Expenses liability & workers insurance 1,692 bank charges 131 dues & training costs 1,180 office supplies 318 supplies/camp supplies 2,450 licenses and registration 30 travel 882 uniforms 1,935 food-camp participants 781 website costs 21 total 9,420

Form 990-ez, Part I, Line 20

50% MEALS NOT DEDUCTED 0

Form 990-ez, Part II, Line 24

Donated gym equipmt-setup cost 610 610 less accumulated depreciation 610 610 total 0 0

Form 990-ez, Part III

Atlanta karate, inc. Provideds after school classes for children, summer camps for children, self defense classes for women, and martial arts classes for the local community. Atlanta karate, inc. Strives to combine fun with moral and physical fitness by building and developing self confidence, self control and a non-defeatist attitude within the individual student in a safe, educational environment.

Form 990-ez, Part III, Line 28

Atlanta karate, inc. Strives to teach students, 1st grade elementary age and older, the benefits of martial arts while instilling confidence, self control and a non-defeatisit attittude. Our program has now expanded to 8 schools and over 180 students per week during the school year. We also provide summer day camps for students,as well as self defense classes for women.

Raw XML Appendix137 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/PrimaryExemptPurposeTxt0ATLANTA KARATE, INC. PROVIDEDS AFTER SCHOOL CLASSES FOR CHILDREN, SUMMER CAMPS FOR CHILDREN, SELF DEFENSE CLASSES FOR WOMEN, AND MARTIAL ARTS CLASSES FOR THE LOCAL COMMUNITY. ATLANTA KARATE, INC. STRIVES TO COMBINE FUN WITH MORAL AND PHYSICAL FITNESS BY BUILDING AND DEVELOPING SELF CONFIDENCE, SELF CONTROL AND A NON-DEFEATIST ATTITUDE WITHIN THE INDIVIDUAL STUDENT IN A SAFE, EDUCATIONAL ENVIRONMENT.
IRS990EZ/ProgramServiceRevenueAmt0116278
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0116278
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CUONG NHU OF ATLANTA INC DOJO FACILITY RENT 4,800 465 BOULEVARD SE ATLANTA GA 30312
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES LIABILITY & WORKERS INSURANCE 1,692 BANK CHARGES 131 DUES & TRAINING COSTS 1,180 OFFICE SUPPLIES 318 SUPPLIES/CAMP SUPPLIES 2,450 LICENSES AND REGISTRATION 30 TRAVEL 882 UNIFORMS 1,935 FOOD-CAMP PARTICIPANTS 781 WEBSITE COSTS 21 TOTAL 9,420
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt250% MEALS NOT DEDUCTED 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DONATED GYM EQUIPMT-SETUP COST 610 610 LESS ACCUMULATED DEPRECIATION 610 610 TOTAL 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ATLANTA KARATE, INC. PROVIDEDS AFTER SCHOOL CLASSES FOR CHILDREN, SUMMER CAMPS FOR CHILDREN, SELF DEFENSE CLASSES FOR WOMEN, AND MARTIAL ARTS CLASSES FOR THE LOCAL COMMUNITY. ATLANTA KARATE, INC. STRIVES TO COMBINE FUN WITH MORAL AND PHYSICAL FITNESS BY BUILDING AND DEVELOPING SELF CONFIDENCE, SELF CONTROL AND A NON-DEFEATIST ATTITUDE WITHIN THE INDIVIDUAL STUDENT IN A SAFE, EDUCATIONAL ENVIRONMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ATLANTA KARATE, INC. STRIVES TO TEACH STUDENTS, 1ST GRADE ELEMENTARY AGE AND OLDER, THE BENEFITS OF MARTIAL ARTS WHILE INSTILLING CONFIDENCE, SELF CONTROL AND A NON-DEFEATISIT ATTITTUDE. OUR PROGRAM HAS NOW EXPANDED TO 8 SCHOOLS AND OVER 180 STUDENTS PER WEEK DURING THE SCHOOL YEAR. WE ALSO PROVIDE SUMMER DAY CAMPS FOR STUDENTS,AS WELL AS SELF DEFENSE CLASSES FOR WOMEN.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/Filer/EIN0455366248
ReturnHeader/Filer/PhoneNum04046435531
ReturnHeader/Filer/USAddress/AddressLine1Txt0505 RED BLUFF DR
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEVIN KASPAR CPA
ReturnHeader/ReturnTs02025-06-04T12:34:46-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-10-01
ReturnHeader/TaxPeriodEndDt02024-09-30
ReturnHeader/TaxYr02023

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