Nonprofit · EIN 42-1541371
WORLD TANG SOO DO FOUNDATION
Tax-exempt · BURLINGTON, NC 27215
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $351,447 | $137,240 | $214,207 | $4,502,961 | $15,778 | $4,487,183 |
| December 31, 2023 | 990 | $95,633 | $80,694 | $14,939 | $4,367,426 | $18,778 | $4,348,648 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $85,107
- Program service revenue
- $0
- Investment income
- $283,444
- Net rental income
- -$39,259
- Net gain from sales of assets
- $239,762
- Net income from sales of inventory
- $22,155
- Other revenue
- -$17,104
Expenses
- Grants and similar amounts paid
- $110,350
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $6,807
- Program services (functional)
- $110,350
- Management and general (functional)
- $17,553
- Fundraising (functional)
- $9,337
Balance sheet and other
- Total assets, start of year
- $4,367,426
- Total assets, end of year
- $4,502,961
- Total liabilities, end of year
- $15,778
- Net assets, end of year
- $4,487,183
- Land, buildings and equipment
- $2,114,685
- Publicly traded securities
- $1,894,863
- Net assets without donor restrictions
- $4,330,187
- Net assets with donor restrictions
- $156,996
- Gross receipts
- $1,813,109
- Employees
- 0
- Volunteers
- 50
- Year formed
- 2002
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GIDEON LEE | COO/CHIEF OF STAFF Trustee or director, Officer | 1 | $0 | $74,998 | $4,150 |
| FRANK FATTORI | CEO/PRESIDENT Trustee or director, Officer | 1 | $0 | $35,000 | $0 |
| WILLIAM STRONG | GRANDMASTER Trustee or director, Officer | 1 | $0 | $26,000 | $0 |
| SANFORD LIPSTEIN | CFO/TREASURER Trustee or director, Officer | 1 | $0 | $12,000 | $0 |
| KRISTEN WINSKO | CHAIR, LEGAL AFFAIRS COMMITTEE Trustee or director | 5 | $0 | $12,000 | $0 |
| SCOTT THOMPSON | CHAIR, SCHOLARSHIP COMMITTEE Trustee or director | 1 | $0 | $0 | $0 |
| BARBARA BELLINI | CHAIR, BUILDING FUND COMMITTEE Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GIDEON LEE | COO/CHIEF OF STAFF Trustee or director, Officer | 1 | $0 | $72,500 | $7,750 |
| WILLIAM STRONG | GRANDMASTER Trustee or director, Officer | 1 | $0 | $26,000 | $0 |
| FRANK FATTORI | CEO/PRESIDENT Trustee or director, Officer | 1 | $0 | $15,000 | $0 |
| SANFORD LIPSTEIN | CFO/TREASURER Trustee or director, Officer | 1 | $0 | $12,000 | $0 |
| KRISTEN WINSKO | CHAIR, LEGAL AFFAIRS COMMITTEE Trustee or director | 5 | $0 | $12,000 | $0 |
| MICHAEL MOLINARO | CHAIR, SCHOLARSHIP COMMITTEE Trustee or director | 1 | $0 | $0 | $0 |
| BARBARA BELLINI | CHAIR, BUILDING FUND COMMITTEE Trustee or director | 1 | $0 | $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, TREASURER
- Phone
- (336) 223-0056
- Website
- WWW.WTSDA.COM
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
NURTURE THE EDUCATIONAL GROWTH AND DEVELOPMENT VIA ACADEMIC SCHOLARSHIP AND PROMOTE THE IDEAL OF BEING A POSITIVE INFLUENCE AND PRODUCTIVE PARTICIPANT IN THE COMMUNITY.
Program accomplishments
- IN 2024, SCHOLARSHIPS WERE AWARDED TO 37 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.Expenses $110,350 · grants $110,350
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
- 42-1541371
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S11)
- Assets (IRS master file)
- $4,502,961
- Income (IRS master file)
- $1,813,109
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $351,447 | $137,240 | $4,502,961 | XML |
| 990 | December 2023 | $95,633 | $80,694 | $4,367,426 | XML |
| 990 | December 2022 | $295,109 | $91,885 | $4,196,057 | 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 42-1541371).
Questions about WORLD TANG SOO DO FOUNDATION
- What is the EIN of WORLD TANG SOO DO FOUNDATION?
- The employer identification number (EIN) of WORLD TANG SOO DO FOUNDATION is 42-1541371.
- Is WORLD TANG SOO DO FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to WORLD TANG SOO DO FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WORLD TANG SOO DO FOUNDATION 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 FOUNDATION 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 FOUNDATION 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 FOUNDATION?
- The 990 for the year ended December 31, 2024 names FRANK FATTORI.
- Who are the officers and directors of WORLD TANG SOO DO FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does WORLD TANG SOO DO FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $351,447, expenses of $137,240 and total assets of $4,502,961 at year end.
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