2024-11-12T10:20:38-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 150 S WARNER ROAD SUITE 310 KING OF PRUSSIA PA 19406 990 2023-01-01 222429979 WORLD TANG SOO DO ASSOCIATION WORL 3362230056 2436 HANFORD ROAD BURLINGTON NC 27215 SANFORD LIPSTEIN CFO/TREASURER 2154682121 2024-11-11 1 1 WILLIAM A LOUGHERY P01603932 2156433900 2024-11-11 2023 2024-10-15 13:58:12Z SANFORD LIPSTEIN 2436 HANFORD ROAD BURLINGTON NC 27215 1643121 0 X WWW.WTSDA.COM X 1982 NC ENHANCE LIVES THROUGH THE PHYSICAL AND MENTAL TRAINING OF TRADITIONAL TANG SOO DO 32 26 14 6000 0 0 0 0 1243038 1484537 14 501 123866 61316 1366918 1546354 25527 25915 0 0 392475 425053 0 0 0 854652 988907 1272654 1439875 94264 106479 1156135 1258321 42899 38606 1113236 1219715 X THE WORLD TANG SOO DO ASSOCIATION WAS ESTABLISHED TO PROVIDE QUALITY INSTRUCTION IN THE ANCIENT ART OF TANG SOO DO AND TO HELP STUDENTS IMPROVE THEIR APPRECIATION OF LIFE THROUGH THE DEVELOPMENT OF PHYSICAL AND COGNITIVE SKILLS, (CONTINUED ON SCHEDULE O)AND TO PROMOTE OVERALL WELL-BEING FOR THE COMMUNITIES IN WHICH IT SERVES, THROUGH A CURRICULUM OF DISCIPLINE AND EXERCISE, FOCUSED ON THE CORE VALUES OF AN ANCIENT FORM OF MARTIAL ART. 0 0 887960 25915 993331 THE ASSOCIATION HAS 23 REGIONS AROUND THE WORLD, 19 OF WHICH ARE CURRENTLY ACTIVE. EACH REGION HAS AT LEAST ONE CHAMPIONSHIP EACH YEAR. FURTHER, THE ASSOCIATION HOLDS A WORLD CHAMPIONSHIP ON A BIANNUAL BASIS, DURING WHICH ASSOCIATION MEMBERS FROM AROUND THE WORLD GATHER TO RENEW FRIENDSHIPS, ENGAGE IN HEALTHY COMPETITION, AND LEARN THE LATEST TECHNIQUES OFFERED BY THE ASSOCIATION. EACH REGION ALSO HOLDS NUMEROUS SEMINARS THROUGHOUT THE YEAR, DURING WHICH STUDENTS HAVE THE OPPORTUNITY TO LEARN FROM A VAST ARRAY OF MASTER INSTRUCTORS. CHAMPIONSHIPS AND SEMINARS PROVIDE A FORUM FOR MAINTAINING AND PRESERVING THE TRADITION OF TANG SOO DO. (CONTINUED ON SCHEDULE O)EACH REGION ALSO HOLDS AN ANNUAL BLACK BELT CAMP FOR ITS BLACK BELT AND CHO DAN BO (ONE LEVEL BELOW BLACK BELT) MEMBERS. THESE CAMPS TRAIN OVER 1,000 STUDENTS IN THE ART OF TEACHING TANG SOO DO, AND PROVIDE ATTENDEES A CHANCE TO LEARN NEW SKILLS AND ENHANCE EXISTING ONES. IN ADDITION, THE ASSOCIATION HOLDS THREE CLINICS PER YEAR FOR ITS MASTER INSTRUCTORS - ONE IN THE US, ONE IN EUROPE, AND ONE IN SOUTH AMERICA. DURING THE CLINIC, MASTER INSTRUCTORS HAVE A CHANCE TO REFRESH THEMSELVES ON BEST PRACTICES TO TEACH TANG SOO DO, AS WELL AS ENHANCE THEIR OWN SKILLS. TYPICALLY, THE COMBINED ATTENDANCE AT THESE MASTERS' CLINICS EXCEEDS 300 MASTER INSTRUCTORS. 102121 0 303600 TESTING OF INDIVIDUALS IS REQUIRED TO DETERMINE THEIR LEVEL OF ACCOMPLISHMENT. INDIVIDUAL STUDIOS TEST THEIR STUDENTS AND SEND THE RESULTS OF THE TESTING TO THE ASSOCIATION FOR REVIEW AND PROCESSING OF STUDENT CERTIFICATIONS. BLACK BELT TESTING IS DONE BY REGION, AND MASTERS TESTING IS DONE INTERNATIONALLY. THERE IS A EUROPEAN MASTERS CLINIC, A NORTH AMERICAN MASTERS CLINIC, AND A SOUTH AMERICAN MASTERS CLINIC. MASTERS MUST ATTEND ONE OF THESE THREE IN ORDER TO TEST.IN 2023, THE ASSOCIATION ADMINISTERED GUP (NON-BLACK BELT) TESTS TO 20,790 INDIVIDUALS, NON-MASTER BLACK BELT TESTS TO 816 INDIVIDUALS, AND MASTER TESTS TO 39 INDIVIDUALS. 102121 0 187606 EACH NEW MEMBER IS PROVIDED WITH A MANUAL, ID CARD, AND STICKER. MANUALS PROVIDE A BASIC DESCRIPTION OF THE ASSOCIATION'S REQUIREMENTS REGARDING PHYSICAL AND MENTAL TECHNIQUES THAT MUST BE LEARNED TO ADVANCE IN RANK. ID CARDS PROVIDE A RECORD OF EACH MEMBER'S ADVANCEMENT IN RANK. AS OF DECEMBER 31, 2023, THERE WERE 16,852 ACTIVE MEMBERS; OF THESE, 6,000 WERE EITHER AT THE BLACK BELT OR CHO DAN BO LEVEL. 102115 0 61039 NEWSLETTERS ARE TYPICALLY PUBLISHED SEMI-ANNUALLY. THE NEWSLETTERS ARE SENT TO 10,000 MEMBERS PROVIDING THEM WITH DETAILED DESCRIPTIONS OF UPCOMING EVENTS, CHANGES IN PROGRAMS, AND NEW PROGRAMS. IT ALSO PROVIDES A FORUM FOR THE EXCHANGE OF IDEAS BETWEEN MEMBERS FOR THE PURPOSE OF EXPANDING PROGRAMS.ASSOCIATION STAFF PACK AND SHIP MERCHANDISE AND PROVIDE OTHER SERVICES TO MEMBERS. 102115 0 61039 1194317 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 32 26 1 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 0 0 0 0 0 X GIDEON LEE 3362230056 2436 HANFORD ROAD BURLINGTON NC 27215 GIDEON LEE COO/CHIEF OF STAFF 40.00 1.00 X X 72500 0 7750 WILLIAM STRONG GRANDMASTER 30.00 1.00 X X 26000 0 0 FRANK FATTORI CEO/PRESIDENT 20.00 1.00 X X 15000 0 0 SANFORD LIPSTEIN CFO/TREASURER 10.00 1.00 X X 12000 0 0 KRISTEN WINSKO CHAIR, LEGAL AFFAIRS COMMITTEE 15.00 5.00 X X 12000 0 0 NICOLE PETERMAN OPERATIONAL VICE PRES AS OF APR 2023 20.00 0.00 X X 5846 0 0 BECKY RUPP WOLVERTON DIRECTOR, REGION 1 5.00 0.00 X X 0 0 0 JOHNNY WILLIAMSON DIRECTOR, REGION 2 5.00 0.00 X X 0 0 0 BOB GRISSOM DIRECTOR, REGION 3 5.00 0.00 X X 0 0 0 ALLEN SHARPE DIRECTOR, REGION 4 5.00 0.00 X X 0 0 0 JEFF WHEELER DIRECTOR, REGION 5 5.00 0.00 X X 0 0 0 DOUG MILLER DIRECTOR, REGION 6 5.00 0.00 X X 0 0 0 JACKIE FORRESTER DIRECTOR, REGION 7 5.00 0.00 X X 0 0 0 MARTHA HEISE DIRECTOR, REGION 8 5.00 0.00 X X 0 0 0 EFARIN VALENTIN DIRECTOR, REGION 9 5.00 0.00 X X 0 0 0 MUJAHID KHAN DIRECTOR, REGION 11 5.00 0.00 X X 0 0 0 RICARDO VALDEZ DIRECTOR, REGION 12 5.00 0.00 X X 0 0 0 EVANDRO SCHWALBACH DIRECTOR, REGION 14 5.00 0.00 X X 0 0 0 KARI RALPH DIRECTOR, REGION 15 5.00 0.00 X X 0 0 0 ANATOLY KATYUSHIN DIRECTOR, REGION 17 5.00 0.00 X X 0 0 0 WILFREDO BURGOS DIRECTOR, REGION 18 5.00 0.00 X X 0 0 0 ROY UTTECH DIRECTOR, REGION 19 5.00 0.00 X X 0 0 0 PATRICK MARSCH DIRECTOR, REGION 20 5.00 0.00 X X 0 0 0 MATTHEW HUTCHINSON DIRECTOR, REGION 21 5.00 0.00 X X 0 0 0 SCOTT HOMSCHEK DIRECTOR, REGION 22 5.00 0.00 X X 0 0 0 A SEBASTIAN BONELLI DIRECTOR, REGION 23 5.00 0.00 X X 0 0 0 BRIAN FISHER CHAIR, TECHNICAL ADVISORY CMTE. 5.00 0.00 X 0 0 0 CHUCK VAUGHN CHAIR, GOVERNANCE/PUBLIC REL. CMTE. 5.00 0.00 X 0 0 0 MARK JORGENSEN CHAIR, REGULATIONS COMMITTEE 5.00 0.00 X 0 0 0 SCOTT MERRILL CHAIR, SECURITY COMMITTEE 5.00 0.00 X 0 0 0 KEN PETERMAN CHAIR, TESTING COMMITTEE 5.00 0.00 X 0 0 0 GEOFFREY SETYANTO CHAIR, FINANCE/BUSINESS COMMITTEE 5.00 0.00 X 0 0 0 143346 0 7750 0 0 0 0 0 TOURNAMENTS/CHAMPIONSHIPS 713990 993331 993331 TESTING FEES 713990 303600 303600 MEMBERSHIP DUES 713990 187606 187606 1484537 501 501 157806 96767 61039 61039 MISCELLAENOUS 900099 277 277 277 1546354 1545576 0 778 25915 25915 150846 104246 46600 203969 102822 101147 6312 2386 3926 63926 37307 26619 14363 14363 7623 7623 4708 4708 13117 13117 103523 82818 20705 63965 51172 12793 53104 53104 686371 686371 143 143 8597 6878 1719 REPAIRS AND MAINTENANCE 26061 20849 5212 INSTRUCTOR TRAINING 6346 6346 BAD DEBT 986 986 1439875 1194317 245558 0 880018 783077 21513 188162 95511 86760 159093 178744 2800 18778 1156135 1258321 20899 38606 22000 0 42899 38606 X 1113236 1219715 1113236 1219715 1156135 1258321 106479 0 X 0 0 0 X 149362 149362 1494105 427372 916183 1480158 1642343 5960161 1494105 427372 1065545 1480158 1642343 6109523 0 0 0 6109523 5220 3044 3 14 501 8782 5220 3044 3 14 501 8782 2388 61 4462 5616 577 13104 1501713 430477 1070010 1485788 1643421 6131409 0.99640 0.99570 0.00140 0.00180 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 925. 2020 AMOUNT: $ 36. 2021 AMOUNT: $ 118. 2022 AMOUNT: $ 613. 2023 AMOUNT: $ 577. RECOVERY OF BAD DEBT - 2020 AMOUNT: $ 25. 2021 AMOUNT: $ 4,344. 2022 AMOUNT: $ 2,003. CASH BACK REWARD - 2022 AMOUNT: $ 3,000. TRAVEL REIMBURSEMENT - 2019 AMOUNT: $ 1,463. 1 WORLD TANG SOO DO FOUNDATION 2436 HANFORD ROAD BURLINGTON NC 27215 421541371 501(C)(3) 25615 0 OPERATIONAL SUPPORT 1 0 PART I, LINE 2: BECAUSE THE WORLD TANG SOO DO FOUNDATION IS A RELATED ORGANIZATION DUE TO OVERLAPPING BOARD MEMBERS, THE WORLD TANG SOO DO ASSOCIATION IS ABLE TO DETERMINE THAT THE FUNDS HAVE BEEN USED TO SUPPORT WORLD TANG SOO DO FOUNDATION ACTIVITIES. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE PRESIDENT, THE GRANDMASTER, THE CHAIR OF THE LEGAL AFFAIRS COMMITTEE, THE TREASURER, THE OPERATIONAL VICE PRESIDENT, AND TWO OR MORE OF THE OTHER DIRECTORS. THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE AUTHORITY OF THE BOARD WITH REFERENCE TO: THE AMENDMENT OF THE CHARTER OR BY-LAWS OF THE CORPORATION, OR EXECUTING A MERGER, CONSOLIDATION, OR CONVERSION OF THE CORPORATION; THE SALE, LEASE, OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE CORPORATION OTHERWISE THAN IN THE USUAL AND REGULAR COURSE OF ITS BUSINESS; A VOLUNTARY DISSOLUTION OF THE CORPORATION; A REVOCATION OF ANY OF THE FOREGOING; OR THE APPROVAL OF A TRANSACTION IN WHICH ANY MEMBER OF THE EXECUTIVE COMMITTEE, DIRECTLY OR INDIRECTLY, HAS ANY MATERIAL BENEFICIAL INTEREST. FORM 990, PART VI, SECTION A, LINE 2 NICOLE PETERMAN, OPERATIONAL VICE PRESIDENT, AND KEN PETERMAN, CHAIR, TESTING COMMITTEE, HAVE A FAMILY RELATIONSHIP. 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 EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE AND/OR GOVERNANCE COMMITTEE, AS APPROPRIATE, REVIEWS ALL FACTS AND CIRCUMSTANCES AND MAY CALL A MEETING OF THE BOARD OF DIRECTORS TO REVIEW THE MATTER. THE PERSON HAVING THE CONFLICT OF INTEREST MAY NOT VOTE ON THE MATTER. POTENTIAL CONFLICTS THAT ARE NOT RELATED TO A BOARD OR COMMITTEE ACTION ARE REPORTED TO THE GRANDMASTER, EXECUTIVE COMMITTEE, OR THE LEGAL AFFAIRS COMMITTEE, WHO SHALL DETERMINE IF A CONFLICT OF INTEREST EXISTS AND WHETHER FULL BOARD OR EXECUTIVE COMMITTEE DISCUSSION IS WARRANTED. ANNUAL DISCLOSURE OF CONFLICTS OF INTEREST IS REQUIRED. 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. WORLD TANG SOO DO FOUNDATION 2436 HANFORD ROAD BURLINGTON NC 27215 421541371 NURTURE EDUCATIONAL GROWTH, PROMOTE A POSITIVE INFLUENCE IN OUR COMMUNITIES NC 501(C)(3) LINE 7 N/A 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0