Nonprofit · EIN 66-0521870
WORLD BOXING ORGANIZATION INC
Tax-exempt · SAN JUAN, PR 00927
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $3,313,255 | $2,783,536 | $529,719 | $4,220,976 | $365,960 | $3,855,016 |
| August 31, 2024 | 990 | $2,042,827 | $1,843,135 | $199,692 | $3,823,888 | $498,591 | $3,325,297 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $3,313,255
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $230,000
- Other salaries and wages
- $101,135
- Salaries, compensation and benefits (total)
- $358,191
- Professional fundraising fees
- $0
- Legal fees
- $317,193
- Accounting fees
- $47,689
- Travel
- $218,868
- Depreciation
- $3,500
Balance sheet and other
- Total assets, start of year
- $3,823,888
- Total assets, end of year
- $4,220,976
- Total liabilities, end of year
- $365,960
- Net assets, end of year
- $3,855,016
- Land, buildings and equipment
- $1,057
- Net assets without donor restrictions
- $3,855,016
- Gross receipts
- $3,313,255
- Employees
- 7
- Year formed
- 1988
- State of legal domicile
- PR
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Francisco Valcrcel Esq | Trustee Officer | 0 | $130,000 |
| Gustavo Olivieri Esq | President Trustee or director | 40 | $100,000 |
| Luis Batista | Chairman Officer | 0 | $0 |
| John Duggan | Vice President Officer | 0 | $0 |
| Adolfo Flores-Monge | Treasurer Officer | 0 | $0 |
| Alberto Rodrguez-Prez | Secretary Officer | 0 | $0 |
| Erno Labega | Trustee Officer | 0 | $0 |
| Genaro Rodriguez | Trustee Officer | 0 | $0 |
| Rolando Marcos Hermoso | Trustee Officer | 0 | $0 |
| Richard De Cuir | Trustee Officer | 0 | $0 |
| Jesuan Letizia | Trustee Officer | 0 | $0 |
| Istvn Kovcs | Trustee Officer | 0 | $0 |
| Leon P Panoncillo | Trustee Officer | 0 | $0 |
| Michael Pernick | Trustee Officer | 0 | $0 |
| Rafael Lopez -Santos | Trustee Officer | 0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Handelaar | Trustee Officer | 0 | $0 |
| Markus Aslani | Trustee Officer | 0 | $0 |
| Marion Palatin | Trustee Officer | 0 | $0 |
| Sergei Khursanov | Trustee Officer | 0 | $0 |
| Thomas Puetz | Trustee Officer | 0 | $0 |
| Tsuyoshi Yasukochi | Trustee Officer | 0 | $0 |
| Russel Mora | Chairman Officer | 0 | $0 |
| Samuel Viruet Esq | Chairman Officer | 0 | $0 |
| Enrique J Mendoza Sanchez | Chairman Officer | 0 | $0 |
990 for the year ended August 31, 2024: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Francisco Valcarcel | President Trustee or director | 40 | $126,000 |
| Luis Batista | Chairman Officer | 0 | $0 |
| John Duggan | Vice President Officer | 0 | $0 |
| Adolfo Flores-Monge | Treasurer Officer | 0 | $0 |
| Alberto Rodrguez-Prez | Secretary Officer | 0 | $0 |
| Erno Labega | Trustee Officer | 0 | $0 |
| Genaro Rodriguez | Trustee Officer | 0 | $0 |
| Rolando Marcos Hermoso | Trustee Officer | 0 | $0 |
| Richard De Cuir | Trustee Officer | 0 | $0 |
| Jesuan Letizia | Trustee Officer | 0 | $0 |
| Istvn Kovcs | Trustee Officer | 0 | $0 |
| Leon P Panoncillo | Trustee Officer | 0 | $0 |
| Craig Hubble | Trustee Officer | 0 | $0 |
| Michael Pernick | Trustee Officer | 0 | $0 |
| Rafael Lopez -Santos | Trustee Officer | 0 | $0 |
| John Handelaar | Trustee Officer | 0 | $0 |
| Markus Aslani | Trustee Officer | 0 | $0 |
| Marion Palatin | Trustee Officer | 0 | $0 |
| Sergei Khursanov | Trustee Officer | 0 | $0 |
| Thomas Puetz | Trustee Officer | 0 | $0 |
| Tsuyoshi Yasukochi | Trustee Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1056 MUNOZ RIVERA AVE, SAN JUAN, PR 00927-5015
- In care of
- % COBIANS PLAZA
- Signed the 990
- Gustavo Olivieri Esq, President
- Phone
- (787) 765-4444
- Website
- www.wboboxing.com
- Return prepared by
- Cebollero Marcucci CPA
Mission
Promote the development of professional boxing around the world as an educational activity that contributes to forming of characters of athletes that are dedicated to such disciplines.
Program accomplishments
- The organization performs recurring activities to monitor rules, regulations, supervise boxing bouts and ranks. World support to keep kids out of drugs with our WBO Kids Drug Free Program.
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 66-0521870
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1990
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,220,976
- Income (IRS master file)
- $3,313,255
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $3,313,255 | $2,783,536 | $4,220,976 | XML |
| 990 | August 2024 | $2,042,827 | $1,843,135 | $3,823,888 | XML |
| 990 | August 2023 | $2,197,171 | $1,460,619 | $3,617,321 | IRS |
| 990 | August 2022 | $2,099,484 | $1,140,264 | $3,002,037 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | 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 66-0521870).
Questions about WORLD BOXING ORGANIZATION INC
- What is the EIN of WORLD BOXING ORGANIZATION INC?
- The employer identification number (EIN) of WORLD BOXING ORGANIZATION INC is 66-0521870.
- Is WORLD BOXING ORGANIZATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1990.
- Are donations to WORLD BOXING ORGANIZATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WORLD BOXING ORGANIZATION 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 WORLD BOXING ORGANIZATION INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WORLD BOXING ORGANIZATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who are the officers and directors of WORLD BOXING ORGANIZATION INC?
- The 990 for the year ended August 31, 2025 lists 24 people; 2 received compensation from the organization, the highest $130,000 (Francisco Valcrcel Esq, Trustee).
- How much revenue does WORLD BOXING ORGANIZATION INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $3,313,255, expenses of $2,783,536 and total assets of $4,220,976 at year end.
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