Nonprofit · EIN 22-2429979
WORLD TANG SOO DO ASSOCIATION
Tax-exempt · BURLINGTON, NC 27215
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,583,882 | $1,560,943 | $22,939 | $1,288,738 | $46,084 | $1,242,654 |
| December 31, 2023 | 990 | $1,546,354 | $1,439,875 | $106,479 | $1,258,321 | $38,606 | $1,219,715 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,457,314
- Investment income
- $443
- Net income from sales of inventory
- $126,125
- Other revenue
- $126,125
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $184,548
- Other salaries and wages
- $256,686
- Salaries, compensation and benefits (total)
- $500,472
- Professional fundraising fees
- $0
- Legal fees
- $1,981
- Accounting fees
- $11,250
- Occupancy
- $77,724
- Travel
- $47,642
- Program services (functional)
- $1,276,105
- Management and general (functional)
- $284,838
Balance sheet and other
- Total assets, start of year
- $1,258,321
- Total assets, end of year
- $1,288,738
- Total liabilities, end of year
- $46,084
- Net assets, end of year
- $1,242,654
- Net assets without donor restrictions
- $1,242,654
- Gross receipts
- $1,678,199
- Employees
- 14
- Volunteers
- 1,000
- Year formed
- 1982
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GIDEON LEE | COO/CHIEF OF STAFF Trustee or director, Officer | 40 | $74,998 | $4,150 |
| FRANK FATTORI | CEO/PRESIDENT Trustee or director, Officer | 20 | $35,000 | $0 |
| WILLIAM STRONG | GRANDMASTER Trustee or director, Officer | 30 | $26,000 | $0 |
| SANFORD LIPSTEIN | CFO/TREASURER Trustee or director, Officer | 10 | $12,000 | $0 |
| KRISTEN WINSKO | CHAIR, LEGAL AFFAIRS COMMITTEE Trustee or director, Officer | 15 | $12,000 | $0 |
| NICOLE PETERMAN | OPERATIONAL VICE PRESIDENT Trustee or director, Officer | 20 | $10,000 | $0 |
| MICHAEL INOSHITA | OPERATIONAL VICE PRESIDENT Trustee or director, Officer | 20 | $10,000 | $0 |
| BECKY RUPP WOLVERTON | DIRECTOR, REGION 1 Trustee or director, Officer | 5 | $0 | $0 |
| JOHNNY WILLIAMSON | DIRECTOR, REGION 2 Trustee or director, Officer | 5 | $0 | $0 |
| BOB GRISSOM | DIRECTOR, REGION 3 Trustee or director, Officer | 5 | $0 | $0 |
| ALLEN SHARPE | DIRECTOR, REGION 4 Trustee or director, Officer | 5 | $0 | $0 |
| JEFF WHEELER | DIRECTOR, REGION 5 Trustee or director, Officer | 5 | $0 | $0 |
| DOUG MILLER | DIRECTOR, REGION 6 Trustee or director, Officer | 5 | $0 | $0 |
| JACKIE FORRESTER | DIRECTOR, REGION 7 Trustee or director, Officer | 5 | $0 | $0 |
| PHIL GEITER | DIRECTOR, REGION 8 Trustee or director, Officer | 5 | $0 | $0 |
20 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EFARIN VALENTIN | DIRECTOR, REGION 9 Trustee or director, Officer | 5 | $0 |
| MUJAHID KHAN | DIRECTOR, REGION 11 Trustee or director, Officer | 5 | $0 |
| RICARDO VALDEZ | DIRECTOR, REGION 12 Trustee or director, Officer | 5 | $0 |
| EVANDRO SCHWALBACH | DIRECTOR, REGION 14 Trustee or director, Officer | 5 | $0 |
| KARI RALPH | DIRECTOR, REGION 15 Trustee or director, Officer | 5 | $0 |
| ANATOLY KATYUSHIN | DIRECTOR, REGION 17 Trustee or director, Officer | 5 | $0 |
| WILFREDO BURGOS | DIRECTOR, REGION 18 Trustee or director, Officer | 5 | $0 |
| SUNNIE GEBHARDT | DIRECTOR, REGION 19 Trustee or director, Officer | 5 | $0 |
| PATRICK MARSCH | DIRECTOR, REGION 20 Trustee or director, Officer | 5 | $0 |
| MATTHEW HUTCHINSON | DIRECTOR, REGION 21 Trustee or director, Officer | 5 | $0 |
| SCOTT HOMSCHEK | DIRECTOR, REGION 22 Trustee or director, Officer | 5 | $0 |
| A SEBASTIAN BONELLI | DIRECTOR, REGION 23 Trustee or director, Officer | 5 | $0 |
| BRIAN FISHER | CHAIR, TECHNICAL ADVISORY CMTE. Trustee or director | 5 | $0 |
| CHUCK VAUGHN | CHAIR, GOVERNANCE/PUBLIC REL. CMTE. Trustee or director | 5 | $0 |
| AIDA GOOD | CHAIR, REGULATIONS COMMITTEE Trustee or director | 5 | $0 |
| SCOTT MERRILL | CHAIR, SECURITY COMMITTEE Trustee or director | 5 | $0 |
| KEN PETERMAN | CHAIR, TESTING COMMITTEE Trustee or director | 5 | $0 |
| JOHNNY WILLIAMSON | CHAIR, FINANCE/BUSINESS CO Trustee or director | 5 | $0 |
| MARTHA HEISE | DIRECTOR, REGION 8 TO JAN 2024 Trustee or director, Officer | 5 | $0 |
| GEOFFREY SETYANTO | CHAIR, FIN./BUS. CMTE. TO APR 2024 Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GIDEON LEE | COO/CHIEF OF STAFF Trustee or director, Officer | 40 | $72,500 | $7,750 |
| WILLIAM STRONG | GRANDMASTER Trustee or director, Officer | 30 | $26,000 | $0 |
| FRANK FATTORI | CEO/PRESIDENT Trustee or director, Officer | 20 | $15,000 | $0 |
| SANFORD LIPSTEIN | CFO/TREASURER Trustee or director, Officer | 10 | $12,000 | $0 |
| KRISTEN WINSKO | CHAIR, LEGAL AFFAIRS COMMITTEE Trustee or director, Officer | 15 | $12,000 | $0 |
| NICOLE PETERMAN | OPERATIONAL VICE PRES AS OF APR 2023 Trustee or director, Officer | 20 | $5,846 | $0 |
| BECKY RUPP WOLVERTON | DIRECTOR, REGION 1 Trustee or director, Officer | 5 | $0 | $0 |
| JOHNNY WILLIAMSON | DIRECTOR, REGION 2 Trustee or director, Officer | 5 | $0 | $0 |
| BOB GRISSOM | DIRECTOR, REGION 3 Trustee or director, Officer | 5 | $0 | $0 |
| ALLEN SHARPE | DIRECTOR, REGION 4 Trustee or director, Officer | 5 | $0 | $0 |
| JEFF WHEELER | DIRECTOR, REGION 5 Trustee or director, Officer | 5 | $0 | $0 |
| DOUG MILLER | DIRECTOR, REGION 6 Trustee or director, Officer | 5 | $0 | $0 |
| JACKIE FORRESTER | DIRECTOR, REGION 7 Trustee or director, Officer | 5 | $0 | $0 |
| MARTHA HEISE | DIRECTOR, REGION 8 Trustee or director, Officer | 5 | $0 | $0 |
| EFARIN VALENTIN | DIRECTOR, REGION 9 Trustee or director, Officer | 5 | $0 | $0 |
| MUJAHID KHAN | DIRECTOR, REGION 11 Trustee or director, Officer | 5 | $0 | $0 |
| RICARDO VALDEZ | DIRECTOR, REGION 12 Trustee or director, Officer | 5 | $0 | $0 |
| EVANDRO SCHWALBACH | DIRECTOR, REGION 14 Trustee or director, Officer | 5 | $0 | $0 |
| KARI RALPH | DIRECTOR, REGION 15 Trustee or director, Officer | 5 | $0 | $0 |
| ANATOLY KATYUSHIN | DIRECTOR, REGION 17 Trustee or director, Officer | 5 | $0 | $0 |
| WILFREDO BURGOS | DIRECTOR, REGION 18 Trustee or director, Officer | 5 | $0 | $0 |
| ROY UTTECH | DIRECTOR, REGION 19 Trustee or director, Officer | 5 | $0 | $0 |
| PATRICK MARSCH | DIRECTOR, REGION 20 Trustee or director, Officer | 5 | $0 | $0 |
| MATTHEW HUTCHINSON | DIRECTOR, REGION 21 Trustee or director, Officer | 5 | $0 | $0 |
| SCOTT HOMSCHEK | DIRECTOR, REGION 22 Trustee or director, Officer | 5 | $0 | $0 |
| A SEBASTIAN BONELLI | DIRECTOR, REGION 23 Trustee or director, Officer | 5 | $0 | $0 |
| BRIAN FISHER | CHAIR, TECHNICAL ADVISORY CMTE. Trustee or director | 5 | $0 | $0 |
| CHUCK VAUGHN | CHAIR, GOVERNANCE/PUBLIC REL. CMTE. Trustee or director | 5 | $0 | $0 |
| MARK JORGENSEN | CHAIR, REGULATIONS COMMITTEE Trustee or director | 5 | $0 | $0 |
| SCOTT MERRILL | CHAIR, SECURITY COMMITTEE Trustee or director | 5 | $0 | $0 |
| KEN PETERMAN | CHAIR, TESTING COMMITTEE Trustee or director | 5 | $0 | $0 |
| GEOFFREY SETYANTO | CHAIR, FINANCE/BUSINESS COMMITTEE Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2436 W HANFORD RD, BURLINGTON, NC 27215-6772
- Principal officer (990 for 2024)
- FRANK FATTORI, 2436 HANFORD ROAD, BURLINGTON, NC 27215
- Signed the 990
- SANFORD LIPSTEIN, CFO/TREASURER
- Phone
- (336) 223-0056
- Website
- WWW.WTSDA.COM
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
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.
Program accomplishments
- THE ASSOCIATION HAS 24 REGIONS AROUND THE WORLD, 20 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.Expenses $914,534 · revenue $968,105
- 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 2024, THE ASSOCIATION ADMINISTERED GUP (NON-BLACK BELT) TESTS TO 19,210 INDIVIDUALS, NON-MASTER BLACK BELT TESTS TO 852 INDIVIDUALS, MASTER TESTS TO 34 INDIVIDUALS AND SPECIAL RANK TESTS TO 6 INDIVIDUALS.Expenses $120,525 · revenue $325,682
- 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, 2024, THERE WERE 16,437 ACTIVE MEMBERS; OF THESE, 4,570 WERE EITHER AT THE BLACK BELT OR CHO DAN BO LEVEL.Expenses $120,525 · revenue $163,527
- 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.Expenses $120,521 · revenue $126,125
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2429979
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N60)
- Assets (IRS master file)
- $1,288,738
- Income (IRS master file)
- $1,678,199
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,583,882 | $1,560,943 | $1,288,738 | XML |
| 990 | December 2023 | $1,546,354 | $1,439,875 | $1,258,321 | XML |
| 990 | December 2022 | $1,366,918 | $1,272,654 | $1,156,135 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2429979).
Questions about WORLD TANG SOO DO ASSOCIATION
- What is the EIN of WORLD TANG SOO DO ASSOCIATION?
- The employer identification number (EIN) of WORLD TANG SOO DO ASSOCIATION is 22-2429979.
- Is WORLD TANG SOO DO ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to WORLD TANG SOO DO ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WORLD TANG SOO DO ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WORLD TANG SOO DO ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WORLD TANG SOO DO ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WORLD TANG SOO DO ASSOCIATION?
- The 990 for the year ended December 31, 2024 names FRANK FATTORI.
- Who are the officers and directors of WORLD TANG SOO DO ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 35 people; 7 received compensation from the organization, the highest $74,998 (GIDEON LEE, COO/CHIEF OF STAFF).
- How much revenue does WORLD TANG SOO DO ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,583,882, expenses of $1,560,943 and total assets of $1,288,738 at year end.
Other nonprofits in BURLINGTON
- WESTERN FLYING CLUB INC EIN 56-6085501 · last filed 990-EZ for 2024
- BURLINGTON BMX PARENTS ASSOCIATION EIN 45-5575598 · last filed 990-N for 2025
- SURFSIDE GOLF CLUB EIN 51-0508641 · last filed 990-EZ for 2024
- BURLINGTON AREA DISC GOLF CLUB INC EIN 92-2887905 · last filed 990-N for 2025
- CAROLINA SPARKS BASKETBALL EIN 99-0901034 · last filed 990-N for 2024
- ALAMANCE AZTECS FUTBOL CLUB EIN 33-4594403 · last filed 990-N for 2025
- CAROLINA VOODOO ATHLETICS EIN 46-5037280 · last filed 990-N for 2025
- WEEKEND WARRIORS FASTPITCH EIN 26-1855406 · last filed 990-N for 2024
All nonprofits in BURLINGTON · North Carolina · Recreation and sports