Taekwondo Alliance For Mission Foundation
- Assets
- $7.0k
- Revenue
- $203.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Mountain View, CA
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-3455123
Organization Overview
Taekwondo Alliance For Mission Foundation is located in Mountain View, CA. The organization was established in 2014. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taekwondo Alliance For Mission 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 12/2023, Taekwondo Alliance For Mission Foundation generated $203.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $290.7k during the year ending 12/2023. While expenses have increased by 20.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
1)FINANCIALLY SUPPORTED TAEKWONDO AND YOUTH EDUCATIONAL PROJECTS FUNDRAISED AND SENT FINANCIAL SUPPORT TO THE FOLLOWING ORGANIZATIONS:A.JASPER KIDS, THAILANDB.WOMENS NATIONAL TAEKWONDO TEAM, TAJIKISTANC.NATIONAL TAEKWONDO TRAINING CENTER, KYRGISTAND.NATIONAL TAEKWONDO TEAM, MADAGASCARE.SYRIAN REFUGEE TAEWKWONDO, JORDANF.TAEKWONDO MISSION DEVELOPMENT INSTITUTE, SOUTH KOREAG.K-ART STUDIO, INDONESIAH.HOPE MISSION, UNITED KINGDOMI.EDEN SCHOOL, TANZANIAJ.WEST AFRICAN NAVIGATOR TAEKWONDO PROJECT, COTE DIVIORE2)DEVELOP THE NEXT GENERATION TAEKWONDO MISSIONARIES ESTABLISH TAM KOREA TO RECRUIT AND TRAIN YOUNG TAEKWONDO MASTERS AND PREPARE THEM FOR THE GLOBAL TAEKWONDO MISSION PROJECTSA.ESTABLISHED TAM KOREA, A KOREAN NATIONAL NON-PROFIT CORPORATION3)PROVIDE RESOURCES TO PUBLISH A TAEKWONDO MISISON REFERENCE MANUAL HOLISTIC TAEKWONDO MISSION WRTTEN BY PASTOR SUNGIL AHN.4)ESTABLISH BAY AREA SPARRING TEAM NETWORK SUPPORT MISSIONARY JAESUNG LEE ESTABLISH A NETWORK OF TAEKWONDO SCHOOLS FOR DEVELOPIN
Describe the Organization's Program Activity:
Part 3 - Line 4a
1)ESTABLISHED TAM CENTER IN MOUNTAIN VIEW - THE NEW HEADQUARTERS WILL SERVE AS THE LOCAL MINISTRY SITE AND THE PRIMARY CENTER FOR PROGRAM DEVELOPMENT, RECRUITMENT, AND TRAINING.2)FINANCIALLY SUPPORTED TAEKWONDO AND YOUTH EDUCATIONAL PROJECTS FUNDRAISED AND SENT FINANCIAL SUPPORT TO THE FOLLOWING ORGANIZATIONS.A.JASPER KIDS, THAILANDB.FEDERATION OF CHRISTIAN ATHLETES, ISRAELC.GRACE ACADEMY, NIGERD.NATIONAL TAEKWONDO TEAM, MADAGASCARE.SYRIAN REFUGEE TAEKWONDO, JORDANF.TAEKWONDO MISSION DEVELOPMENT INSTITUTE, SOUTH KOREAG.K-ART STUDIO, INDONESIAH.HOPE MISSION, UNITED KINGDOMI.EDEN SCHOOL, TANZANIAJ.WEST AFRICAN NAVIGATOR TAEKWONDO PROJECT, COTE DIVIORE3)DEVELOP THE NEXT GENERATION TAEKWONDO MISSIONARIES ESTABLISH TAM KOREA TO RECRUIT AND TRAIN YOUNG TAEKWONDO MASTERS AND PREPARE THEM FOR THE GLOBAL TAEKWONDO MISSION PROJECTSA.INVITED THREE TAM KOREA MEMBERS TO THE USA AND HOSTED FUNDRAISER EVENTS AND SEMINARS.4)TRAINED SHORT-TERM TAEKWONDO MISSION TEAMS TO BRAZIL AND THE PHILIPPINES.5)ESTABLISH BAY AREA SPARRING TEAM NETWORK - WEEKLY TRAINING AT VARIOUS TAEKWONDO SCHOOLS IN THE BAY AREA AND DEVELOP FUTURE OLYMPIANS.6)CONTINUE THE DEVELOPMENT PROCESS OF WEST AFRICAN TAEKWONDO PROJECT WORKING WITH NAVIGATORS OF WEST AFRICA THAT STARTED IN 2022.7)STARTED AN ARCHERY PROGRAM FOR LOCAL COMMUNITIES.8)SUPPORT THE USA TAEKWONDO NATIONAL TEAM BY DEVELOPING AN INTERNATIONAL TRAINING EXCHANGE PROGRAM WITH KOREA.9)SUPPORT THE USA POOMSAE TEAM DEVELOPMENT BY HOSTING THE WEST REGIONAL POOMSAE ATHLETE DEVELOPMENT CAMP.10)SUPPORT THE CALIFORNIA UNITED TAEKWONDO ASSOCIATION BY HOSTING THE CALIFORNIA STATE REFEREE DEVELOPMENT CAMP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chin Sonu CEO | Trustee | 3 | $0 |
David Kim Secretary | Trustee | 1 | $0 |
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 | $203,513 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $203,513 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $203,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,158 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $779 |
| Information technology | $1,047 |
| Royalties | $0 |
| Occupancy | $142,818 |
| Travel | $2,039 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,551 |
| All other expenses | $6,431 |
| Total functional expenses | $290,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,766 |
| Savings and temporary cash investments | $184 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,950 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $93,436 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $320 |
| Total liabilities | $93,756 |
| Net assets without donor restrictions | -$86,806 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,950 |