Civic Intelligence

World Boxing Association

990 • Fiscal year 2023 • EIN 52-1799613

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

1501 Dock StreetTacoma, WA 98402

(253) 627-1091

Siviq Scores

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

Liabilities / Assets

97th percentile

0.96x

Higher debt load relative to assets than 97% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

85th percentile

0.58x

Higher debt load relative to revenue than 85% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

24th percentile

-4.4%

Higher net margin than 24% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

99th percentile

$600,000

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 15.8% of source-year revenue.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Asset Growth

92nd percentile

45%

Faster asset growth than 92% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

8th percentile

-17%

Faster revenue growth than 8% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,288,932

Up $710,244 (+45%) from 2022

Net Assets

Down

$89,722

Down $165,460 (-65%) from 2022

Liabilities

Up

$2,199,210

Up $875,704 (+66%) from 2022

Revenue

Down

$3,787,389

Down $756,438 (-17%) from 2022

Expenses

Down

$3,952,849

Down $582,209 (-13%) from 2022

Net Income

Down

-$165,460

Down $174,229 (-1987%) from 2022

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2015: $1,452,210Liabilities 2015: $1,333,982Net Assets 2015: $118,2282015Assets 2016: $885,899Liabilities 2016: $1,441,323Net Assets 2016: -$555,4242016Assets 2017: $163,898Liabilities 2017: $438,022Net Assets 2017: -$274,1242017Assets 2018: $895,093Liabilities 2018: $728,073Net Assets 2018: $167,0202018Assets 2019: $931,275Liabilities 2019: $1,060,070Net Assets 2019: -$128,7952019Assets 2020: $993,738Liabilities 2020: $1,376,439Net Assets 2020: -$382,7012020Assets 2021: $1,557,215Liabilities 2021: $1,310,802Net Assets 2021: $246,4132021Assets 2022: $1,578,688Liabilities 2022: $1,323,506Net Assets 2022: $255,1822022Assets 2023: $2,288,932Liabilities 2023: $2,199,210Net Assets 2023: $89,7222023Assets 2024: $3,762,820Liabilities 2024: $1,781,884Net Assets 2024: $1,980,9362024

Highlighted filing

2023

Assets$2,288,932
Liabilities$2,199,210
Net Assets$89,722

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2015: $4,351,926Expenses 2015: $4,464,491Net Income 2015: -$112,5652015Revenue 2016: $2,971,382Expenses 2016: $3,645,034Net Income 2016: -$673,6522016Revenue 2017: $3,338,114Expenses 2017: $3,056,814Net Income 2017: $281,3002017Revenue 2018: $3,621,891Expenses 2018: $3,180,747Net Income 2018: $441,1442018Revenue 2019: $5,213,525Expenses 2019: $5,509,340Net Income 2019: -$295,8152019Revenue 2020: $2,069,907Expenses 2020: $2,323,813Net Income 2020: -$253,9062020Revenue 2021: $4,342,006Expenses 2021: $3,712,892Net Income 2021: $629,1142021Revenue 2022: $4,543,827Expenses 2022: $4,535,058Net Income 2022: $8,7692022Revenue 2023: $3,787,389Expenses 2023: $3,952,849Net Income 2023: -$165,4602023Revenue 2024: $7,638,645Expenses 2024: $5,747,431Net Income 2024: $1,891,2142024

Highlighted filing

2023

Revenue$3,787,389
Expenses$3,952,849
Net Income-$165,460
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$3,787,389
Mission and Program Overview

Mission

Provide a competitive framework for the sanctioning of professional boxing bouts independently and the continued support to a world-wide campaign against the use of drugs by our world's society.

Provide a competitive framework for the sanctioning of professional boxing bouts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,127,251$1,843,973▲ $716,722
Savings and Temporary Cash Investments$93,602$93,602→ $0
Rtn Earn Endowment Incm Other Fnds$255,182$89,722▼ $165,460
Cash and Non-Interest-Bearing Accounts$159,335$63,357▼ $95,978
Land, Buildings, and Equipment, Net$22,500$22,500→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,578,688$2,288,932▲ $710,244
Other Assets Total$176,000$265,500▲ $89,500
Liabilities
Accounts Payable and Accrued Expenses$922,421$1,434,519▲ $512,098
Other Liabilities$321,417$689,335▲ $367,918
Unsecured Notes Loans Payable$79,668$75,356▼ $4,312
Total Liabilities$1,323,506$2,199,210▲ $875,704
Net Assets / Fund Balance
Total Net Assets Fund Balance$255,182$89,722▼ $165,460
Total Liabilities and Net Assets / Fund Balance$1,578,688$2,288,932▲ $710,244

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$131,586-
Land$22,500--
Other Assets Org$265,500--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gilberto Jesus MendozaPresidentFT$600,000$600,000
Julio ThymeMale Championships Committee Vice Chairman-$60,000$60,000
Carlos ChavezChampionships Committee Chairman-$36,000$36,000
Julio QuinteroTreasurerPT$30,000$30,000
Kina MalpartidaFemale Championships Committee Chairman-$15,000$15,000

Board Members and Trustees

NameTitle
Luis PabonInternaitonal Officials Committee Chairman
Renzo BagnariolVice President
Mariana BorissovaInternational Coordinator
Gustavo PadillaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,085,475
Investment Income
$0
Other Revenue
$701,914
Change in Net Assets
$-165,460
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,211,849
Salaries, Compensation, and Employee Benefits$741,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$1,616,247
Current Officers, Directors, Trustees, and Key Employees---$741,000
Occupancy---$350,160
Advertising---$332,208
Travel---$304,237
Fees for Services Accounting---$295,194
Other Expenses---$233,523
Office Expenses---$69,458
Fees for Services Management---$10,822
Total Functional Expenses$0$0$0$3,952,849
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
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Retained Fees - Promoters$689,335
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The association is comprised of dues paying members.

Form 990, Part VI, Section A, Line 7A

The association has members with voting rights and have the authority to elect the governing body.

Form 990, Part VI, Section A, Line 7B

Major financial transactions and other significant decisions are subject to the approval of the majority of members.

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

A draft copy of form 990 is reviewed by all board members and is filed upon approval.

Form 990, Part VI, Section C, Line 18

Form 1024 and financials are available upon request. Form 990 is available on the guidestar and charity navigator websites, and upon request.

Form 990, Part VI, Section C, Line 19

The corporate by laws of the wba which govern the organization are available on the website www.wbaboxing.com. Financials are available upon request.

Filing and Contact Details

Filer

Filer Name
World Boxing Association
EIN
52-1799613
Phone
2536271091
Address
1501 DOCK STREET, TACOMA, WA 98402

Signing Officer

Name
Gilberto Jesus Mendoza
Title
President
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gilberto Jesus Mendoza
Formed
1998
Legal Domicile
Wa
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
15

Preparer

Firm
The Doty Group Ps
Address
1102 BROADWAY SUITE 400, TACOMA, WA 98402
Preparer
Lynnae S Fritz
Phone
2538305450
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Presidency - meetings 116,075. Ko drugs program - elite project 230,767. Ko drugs program - medellin project 77,917. Ko drugs program - advertising 175,080. Male & female championship - insura 21,363. Male & female championship - champ 177,290. Regional championship - rest of the 106,564. Events - semminars 576,067. Male & female championship - legal 117,758. Contract services-m 17,366.

Raw XML Appendix360 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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IRS990/Form990PartVIISectionAGrp/TitleTxt2INTERNATIONAL COORDINATOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3FEMALE CHAMPIONSHIPS COMMITTEE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4MALE CHAMPIONSHIPS COMMITTEE VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT
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IRS990/MissionDesc0THE MISSION OF THE WORLD BOXING ASSOCIATION IS TO PROVIDE A COMPETITIVE FRAMEWORK FOR THE SANCTIONING OF PROFESSIONAL BOXING BOUTS INDEPENDENTLY, AS WELL AS CONTINUED SUPPORT FOR THE WORLD-WIDE CAMPAIGN AGAINST THE USE OF DRUGS. THE WORLD BOXING ASSOCIATION IS THE OLDEST ORGANIZATION REGULATING AND SANCTIONING PROFESSIONAL BOXING BOUTS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0PROMOTION OF THE "KO DRUGS PROGRAM", DESIGNED TO COMBAT THE SCOURGE OF ILLEGAL DRUG USE BY YOUNG PEOPLE THROUGHOUT THE WORLD. THIS PROGRAM IS DESIGNED TO PROMOTE PROPER VALUES IN YOUNG PEOPLE AS IT RELATES TO THEIR EDUCATION, FAMILIES AND COMMUNITIES.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE MEDELLIN PROJECT/PROYETA ELITE MISSION IS TO ESTABLISH AN APPROPRIATE LOCATION FOR DEVELOPING ACTIVITIES RELATED TO AMATEUR & PROFESSIONAL BOXING, STIMULATE BOXING LOCAL INDUSTRY AND OPPORTUNITIES FOR LATIN AMERICAN BOXERS, TRAINERS AND OFFICIALS.
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0265500
IRS990ScheduleD/TotalLiabilityAmt0689335
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0600000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0GILBERTO JESUS MENDOZA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0600000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION IS COMPRISED OF DUES PAYING MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ASSOCIATION HAS MEMBERS WITH VOTING RIGHTS AND HAVE THE AUTHORITY TO ELECT THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MAJOR FINANCIAL TRANSACTIONS AND OTHER SIGNIFICANT DECISIONS ARE SUBJECT TO THE APPROVAL OF THE MAJORITY OF MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DRAFT COPY OF FORM 990 IS REVIEWED BY ALL BOARD MEMBERS AND IS FILED UPON APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 1024 AND FINANCIALS ARE AVAILABLE UPON REQUEST. FORM 990 IS AVAILABLE ON THE GUIDESTAR AND CHARITY NAVIGATOR WEBSITES, AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CORPORATE BY LAWS OF THE WBA WHICH GOVERN THE ORGANIZATION ARE AVAILABLE ON THE WEBSITE WWW.WBABOXING.COM. FINANCIALS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PRESIDENCY - MEETINGS 116,075. KO DRUGS PROGRAM - ELITE PROJECT 230,767. KO DRUGS PROGRAM - MEDELLIN PROJECT 77,917. KO DRUGS PROGRAM - ADVERTISING 175,080. MALE & FEMALE CHAMPIONSHIP - INSURA 21,363. MALE & FEMALE CHAMPIONSHIP - CHAMP 177,290. REGIONAL CHAMPIONSHIP - REST OF THE 106,564. EVENTS - SEMMINARS 576,067. MALE & FEMALE CHAMPIONSHIP - LEGAL 117,758. CONTRACT SERVICES-M 17,366.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01578688
IRS990/TotalAssetsEOYAmt02288932
IRS990/TotalAssetsGrp/BOYAmt01578688
IRS990/TotalAssetsGrp/EOYAmt02288932
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03952849
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01323506
IRS990/TotalLiabilitiesEOYAmt02199210
IRS990/TotalLiabilitiesGrp/BOYAmt01323506
IRS990/TotalLiabilitiesGrp/EOYAmt02199210
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0255182
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt089722
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt03085475
IRS990/TotalReportableCompFromOrgAmt0741000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03787389
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03787389
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01578688
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02288932
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt0304237
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt079668
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt075356
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0HTTPS://WWW.WBABOXING.COM/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/ForeignPhoneNum05072037680
ReturnHeader/BusinessOfficerGrp/PersonNm0GILBERTO JESUS MENDOZA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WORLD BOXING ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0WORL
ReturnHeader/Filer/EIN0521799613
ReturnHeader/Filer/PhoneNum02536271091
ReturnHeader/Filer/USAddress/AddressLine1Txt01501 DOCK STREET
ReturnHeader/Filer/USAddress/CityNm0TACOMA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098402
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205018267
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THE DOTY GROUP PS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01102 BROADWAY SUITE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TACOMA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098402
ReturnHeader/PreparerPersonGrp/PhoneNum02538305450
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LYNNAE S FRITZ
ReturnHeader/ReturnTs02024-11-15T15:16:03-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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