EIN 42-1541371

World Tang Soo Do Foundation

Name: World Tang Soo Do Foundation financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Burlington

State

North Carolina

Year formed

2002

Most recent tax filings

2023-12-01

NTEE code, primary

S11: Community Improvement and Capacity Building Single Organization Support

Description

The World Tang Soo Do Foundation nurtures educational growth and promotes a positive influence in our communities by providing academic scholarships to individuals who demonstrate high levels of academic performance, strong leadership qualities, a history of serving others through volunteerism, and ongoing commitment to understanding the lifelong benefits of training in Tang Soo Do.

Related structure

World Tang Soo Do Foundation is a subordinate organization under World Tang Soo Do Association.

Total revenues

$95,633

2023

Total expenses

$80,694

2023

Total assets

$4,367,426

2023

Num. employees

2023

Program areas at World Tang Soo Do Foundation

In 2023, scholarships were awarded to 43 individuals who demonstrated a high level of academic performance, strong leadership qualities, a history of serving others through volunteerism and an ongoing commitment to understanding the lifelong benefits of training in Tang Soo Do.

Who funds World Tang Soo Do Foundation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
World Tang Soo Do Association	2023-12	Operational Support	$25,615

Personnel at World Tang Soo Do Foundation

Name	Title	Compensation	Date of data
William Strong	Chief Executive Officer and President	$0	2022-12-31
Gideon Lee	Chief Operating Officer and Chief of Staff	$0	2022-12-31
Sanford Lipstein	Chief Financial Officer and Treasurer	$0	2023-11-09
Sandy Lipstein	Past Treasurer		2020-01-27
Robert Beaudoin	Chair	$0	2019-12-31

Financials for World Tang Soo Do Foundation

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$62,915	$90,144	-30.2%
Program services	$0	$0	-
Investment income and dividends	$31,237	$4,441	603.4%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$-42,096	$-42,096	-
Net gain from sale of non-inventory assets	$32,657	$216,763	-84.9%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$10,920	$5,977	82.7%
Miscellaneous revenues	$0	$19,880	-100%
Total revenues	$95,633	$295,109	-67.6%

Form 990s for World Tang Soo Do Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2023-12	2024-11-12	990	View PDF
2022-12	2023-11-09	990	View PDF
2021-12	2022-11-07	990	View PDF
2020-12	2021-11-04	990	View PDF
2019-12	2021-02-22	990	View PDF
...and 11 more Form 990s

Organizations like World Tang Soo Do Foundation

Organization	Type	Location	Revenue
Edpa Foundation	501(c)(3)	Paw Paw, MI	$390,265
Federal Communications Bar Association Foundation	501(c)(3)	Washington, DC	$426,280
Michigan Retailers Foundation	501(c)(3)	Lansing, MI	$365,589
Ushja Foundation	501(c)(3)	Lexington, KY	$380,398
Latin Chamber of Commerce Community Foundation	501(c)(3)	Las Vegas, NV	$458,726
Lynnwood Rotary Community Foundation	501(c)(3)	Lynnwood, WA	$134,603
Chicago Association of REALTORS Educational Foundation	501(c)(3)	Chicago, IL	$266,661
The Blacksburg Partnership Foundation	501(c)(3)	Blacksburg, VA	$24,301
Friends of Salmon Bay	501(c)(3)	Seattle, WA	$188,230
Littleton Rotary Foundation	501(c)(3)	Littleton, CO	$88,769

Data update history

January 1, 2025

Received grants

Identified 1 new grant, including a grant for $25,615 from World Tang Soo Do Association

January 2, 2024

Posted financials

Added Form 990 for fiscal year 2022

December 25, 2023

Received grants

Identified 1 new grant, including a grant for $24,877 from World Tang Soo Do Association

July 28, 2023

Posted financials

Added Form 990 for fiscal year 2021

June 29, 2023

Posted financials

Added Form 990 for fiscal year 2020

Nonprofit Types

Grantmaking organizationsBusiness and community development organizationsChapter / child organizationsCharities

Issues

Education

Characteristics

Funds one specific organizationFundraising eventsProvides scholarshipsAuction fundraisersTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: 2436 Hanford Rd; Burlington, NC 27215
Metro area: Burlington, NC
County: Alamance County, NC
Website URL: worldtangsoodo.com/
Phone: (336) 223-0056

IRS details

EIN: 42-1541371
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 2002
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S11: Community Improvement and Capacity Building Single Organization Support
NAICS code, primary: 813211: Grantmaking Foundations
Parent/child status: Subordinate organization

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World Tang Soo Do Foundation

Program areas at World Tang Soo Do Foundation

Who funds World Tang Soo Do Foundation

Personnel at World Tang Soo Do Foundation

Financials for World Tang Soo Do Foundation

Form 990s for World Tang Soo Do Foundation

Organizations like World Tang Soo Do Foundation

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