Nonprofit · EIN 23-3017858
GOLD MEDAL KARATE INC
Tax-exempt · PHILADELPHIA, PA 19147
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,682,338 | $4,163,259 | -$480,921 | $1,288,651 | $1,340,721 | -$52,070 |
| June 30, 2024 | 990 | $4,477,776 | $4,119,089 | $358,687 | $1,498,005 | $1,069,154 | $428,851 |
| June 30, 2023 | 990 | $3,597,268 | $3,481,914 | $115,354 | $1,567,403 | $1,497,239 | $70,164 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,868,886
- of which government grants
- $2,844,797
- Program service revenue
- $802,550
- Investment income
- $0
- Other revenue
- $10,902
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $191,921
- Other salaries and wages
- $2,132,906
- Salaries, compensation and benefits (total)
- $2,599,194
- Professional fundraising fees
- $0
- Accounting fees
- $75,039
- Occupancy
- $309,692
- Travel
- $40,117
- Depreciation
- $15,233
- Program services (functional)
- $3,174,588
- Management and general (functional)
- $857,561
- Fundraising (functional)
- $131,110
Balance sheet and other
- Total assets, start of year
- $1,498,005
- Total assets, end of year
- $1,288,651
- Total liabilities, end of year
- $1,340,721
- Net assets, end of year
- -$52,070
- Land, buildings and equipment
- $142,258
- Net assets without donor restrictions
- -$52,070
- Gross receipts
- $3,682,338
- Employees
- 186
- Volunteers
- 15
- Year formed
- 1997
- State of legal domicile
- PA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SALVATORE SANDONE | CEO Officer | 40 | $166,970 | $20,160 |
| MICHAEL HINCHMAN | TREASURER Trustee or director | 2 | $0 | $0 |
| HEATHER SAPELBWEYAR | CHAIRPERSON Trustee or director | 2 | $0 | $0 |
| SARA KHAN | SECRETARY Trustee or director | 2 | $0 | $0 |
| PAUL DACOSTA | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| FRANCINE STEWART | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SALVATORE SANDONE | CEO Officer | 40 | $152,499 | $600 |
| MICHAEL HINCHMAN | TREASURER Trustee or director | 2 | $0 | $0 |
| HEATHER SAPELBWEYAR | CHAIRPERSON Trustee or director | 2 | $0 | $0 |
| SARAH KHAN | SECRETARY Trustee or director | 2 | $0 | $0 |
| PAUL DACOSTA | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MICHAEL HINCHMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| FRANCINE STEWART | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SALVATORE SANDONE | CEO Trustee or director, Officer | 40 | $161,700 |
| PHILLIP NANNAY | TREASURER Trustee or director | 2 | $0 |
| HEATHER SAPELBWEYER | CHAIRPERSON Trustee or director | 2 | $0 |
| PAUL DACOSTA | BOARD MEMBER Trustee or director | 2 | $0 |
| SARAH KHAN | ATTORNEY Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 530 BAINBRIDGE ST, PHILADELPHIA, PA 19147-2214
- In care of
- % SALVATORE J SANDONE
- Principal officer (990 for 2024)
- SALVATORE SANDONE, 530 BAINBRIDGE STREET, PHILADELPHIA, PA 19147
- Signed the 990
- SALVATORE SANDONE, CEO
- Phone
- (215) 923-6676
- Website
- WWW.ZHANGSAH.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
ZHANG SAH IS AN INDEPENDENT NONPROFIT ORGANIZATION THAT PROVIDES CHARACTER, CULTURAL, PHYSICAL AND ACADEMIC DEVELOPMENT AND EDUCATION IN CONJUNCTION WITH MULTIDISCIPLINARY MARTIAL ARTS PROGRAMS. CONTINUED ON SCHEDULE OZHANG SAH SUPPORTS THE MENTAL AND PHYSICAL HEALTH AND WELLBEING OF ITS MEMBERS BY OFFERING THEM TOOLS FOR RESILIENCY AND DISCOVERY ALONG WITH BLACKBELT TRAINING, AGEAPPROPRIATE MARTIAL ARTS TRAINING, CHARACTER EDUCATION, AND SCIENTIFIC AND PHILOSOPHICAL TEACHING. WITHIN THESE OFFERINGS, ZHANG SAH SUPPORTS WORKING FAMILIES WITH ITS STRUCTURED PROGRAMS THAT PROVIDE EDUCATIONAL DEVELOPMENT FOR CHILDREN, YOUTH AND ADULTS.
Program accomplishments
- ZHANG SAH PROVIDES ENGAGING, IMPACTFUL AND PROFESSIONAL AFTER SCHOOL BODY, AND CHARACTER AT COMMUNITY BASED SITES. WE CURRENTLY OPERATE AFTER SCHOOL PROGRAMMING AT 7 PHILADELPHIA SCHOOLS AND THREE COMMUNITY BASED CENTERS. ZHANG SAH PROVIDED SUBSIDIZED TUITION FOR CHILD CARE & EDUCATIONAL SERVICES TO LOW & MIDDLE INCOME FAMILIES BELOW 400% FEDERAL POVERTY GUIDELINES IN THE AMOUNT OF $254,010.Expenses $1,475,038 · revenue $802,550
- SINCE 1998 ZHANG SAH HAS PROVIDED CHILDCARE OPTIONS WITH MARTIAL ARTS PROGRAMMING. WITH OPTIONS FOR FAMILIES WHO RECEIVE STATE CHILD CARE SUBSIDIES TO PARTICIPATE IN AN OTHERWISE UNATTAINABLE SUMMER PROGRAM, AFTER SCHOOL PROGRAM AND DAY CAMPS AT OUR DHS LICENSED STAR 4 COMMUNITY BASED CENTERS. ZHANG SAH PROVIDED SUBSIDIZED TUITION FOR CHILD CARE & EDUCATIONAL SERVICES TO LOW & MIDDLE INCOME FAMILIES BELOW 400% FEDERAL POVERTY GUIDELINES IN THE AMOUNT OF $68,577. ADDITIONAL PROGRAMMING INCLUDES SPORTS BASED YOUTH DEVELOPMENT, MIDDLE SCHOOL CAREER EXPOSURE, HIGH SCHOOL CAREER READINESS, INTERNSHIPS INCLUDED PHEA WITH MARTIAL ARTS ROOTED PROMINENTLY IN TAE KWON DO, KARATE DO, JUDO AND AIKIDO.Expenses $857,135
- ZHANG SAH PROVIDES EIGHT EARLY LEARNING PREK CLASSROOMS IN PARTNERSHIP PHLPREK PHILADELPHIA'S OFFICE OF CHILDREN AND FAMILIES, ADMINISTRED BY PHMC. PROGRAMS PROVIDE HIGH-QUALITY, CHILD-CENTERED EARLY EDUCATION INTEGRATING MARTIAL ARTS TO SUPPORT COGNITIVE, SOCIAL, AND PHYSICAL DEVELOPMENT. ZHANG SAH PROVIDED SUBSIDIZED TUITION FOR CHILD CARE & EDUCATIONAL SERVICES TO LOW & MIDDLE INCOME FAMILIES BELOW 400% FEDERAL POVERTY GUIDELINES IN THE AMOUNT OF $18,196.Expenses $842,415
- ZHANG SAH IS PROUD TO OFFER A COMPREHENSIVE PROGRAMMATIC INVENTORY OF MARTIAL ARTS LESSONS, WHICH IS ROOTED PROMINENTLY IN THE TRADITIONAL MARTIAL ART DISCIPLINES OF TAE KWON DO, KARATE DO, AIKIDO, AND JUDO. THE PROGRAMMATIC INVENTORY OFFERS BOTH PROGRESSIVE MATRICULATING MARTIAL ARTS CURRICULA AND EFFECTIVE CROSSTRAINING ADJUNCTS FOR CHILDREN AGED 3 TO ADULTS.0
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-3017858
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N40)
- Assets (IRS master file)
- $1,288,651
- Income (IRS master file)
- $3,682,338
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,682,338 | $4,163,259 | $1,288,651 | IRS |
| 990 | June 2024 | $4,477,776 | $4,119,089 | $1,498,005 | IRS |
| 990 | June 2023 | $3,597,268 | $3,481,914 | $1,567,403 | XML |
| 990 | June 2022 | $2,271,279 | $1,968,758 | $753,717 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 23-3017858).
Questions about GOLD MEDAL KARATE INC
- What is the EIN of GOLD MEDAL KARATE INC?
- The employer identification number (EIN) of GOLD MEDAL KARATE INC is 23-3017858.
- Is GOLD MEDAL KARATE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to GOLD MEDAL KARATE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GOLD MEDAL KARATE INC 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 GOLD MEDAL KARATE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GOLD MEDAL KARATE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of GOLD MEDAL KARATE INC?
- The 990 for the year ended June 30, 2025 names SALVATORE SANDONE.
- Who are the officers and directors of GOLD MEDAL KARATE INC?
- The 990 for the year ended June 30, 2025 lists 6 people; 1 received compensation from the organization, the highest $166,970 (SALVATORE SANDONE, CEO).
- How much revenue does GOLD MEDAL KARATE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,682,338, expenses of $4,163,259 and total assets of $1,288,651 at year end.
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