World Tang Soo Do Foundation

Organization Overview

World Tang Soo Do Foundation is located in Burlington, NC. The organization was established in 2014. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Tang Soo Do Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, World Tang Soo Do Foundation generated $44.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.0%) each year. All expenses for the organization totaled $54.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

NURTURE EDUCATIONAL GROWTH AND PROMOTE A POSITIVE INFLUENCE IN OUR COMMUNITIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN 2021, SCHOLARSHIPS WERE AWARDED TO 17 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. SCHOLARSHIPS WERE ALSO AWARDED TO 7 INDIVIDUALS WHO DEMONSTRATED A NEED FOR FINANCIAL AID TO CONTINUE THEIR STUDIES IN TANG SOO DO.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$89,270
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$89,270
Total Program Service Revenue$0
Investment income $58
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$45,926
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $941
Miscellaneous Revenue$0
Total Revenue $44,343

Grants Recieved

Over the last fiscal year, we have identified 1 grants that World Tang Soo Do Foundation has recieved totaling $138.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$138
View Grant Recipient Profile

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