Taoist Tai Chi Society Of The United States Of America
- Assets
- $9.3m
- Revenue
- -$168.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Dunedin, FL
- Founding
- 08/2004
- Data as of
- 12/2021
- EIN
- 59-2873802
Organization Overview
Taoist Tai Chi Society Of The United States Of America is located in Dunedin, FL. The organization was established in 2004. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2021, Taoist Tai Chi Society Of The United States Of America employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taoist Tai Chi Society Of The United States Of America is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE TAOISM AND TAOIST ARTS
Describe the Organization's Program Activity:
TAUGHT TAOIST TAI CHI AND RELATED ARTS TO OVER 5,198 MEMBERS AND NON MEMBERS THROUGH TRAINING PROGRAMS AND EXTERNAL CLASSES, INCLUDING WORKSHOPS & LECTURES FOR INSTRUCTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Dennison Executive Director | OfficerTrustee | 40 | $98,390 |
Pegoty Packman President | OfficerTrustee | 1 | $0 |
Jane Edwards Secretary | Officer | 1 | $0 |
Mary Keenan-Churchill Treasurer | Officer | 1 | $0 |
Robert Varley Director | Trustee | 1 | $0 |
Virginia Amos Director | 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 | $54,822 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,822 |
| Total Program Service Revenue | $239,439 |
| Investment income | $36,070 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,100 |
| Net Gain/Loss on Asset Sales | -$524,930 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $130 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$168,369 |
| 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. | $101,342 |
| Compensation of current officers, directors, key employees. | $86,524 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,153 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,246 |
| Payroll taxes | $17,287 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,632 |
| Fees for services: Accounting | $45,354 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,192 |
| Advertising and promotion | $7,933 |
| Office expenses | $99,047 |
| Information technology | $25,093 |
| Royalties | $0 |
| Occupancy | $190,215 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,530 |
| Insurance | $130,537 |
| All other expenses | $308 |
| Total functional expenses | $934,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,514 |
| Savings and temporary cash investments | $259,186 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,102 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $84,524 |
| Prepaid expenses and deferred charges | $68,067 |
| Net Land, buildings, and equipment | $3,459,428 |
| Investments—publicly traded securities | $4,073,244 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,218,788 |
| Total assets | $9,341,853 |
| Accounts payable and accrued expenses | $31,625 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $2,935,327 |
| Other liabilities | $152,162 |
| Total liabilities | $3,119,114 |
| Net assets without donor restrictions | $5,722,739 |
| Net assets with donor restrictions | $500,000 |
| 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 | $9,341,853 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Taoist Tai Chi Society Of The United States Of America has recieved totaling $516.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $516 |
Endowment Analysis
| Beg. Balance | $727,119 |
| Earnings | -$28,645 |
| Net Contributions | $101,526 |
| Other Expense | $300,000 |
| Ending Balance | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christ For All Nations Orlando, FL | $10,548,183 | $19,908,436 |
United Against Poverty Inc Vero Beach, FL | $21,479,964 | $11,068,487 |
Impact 360 Institute Inc Atlanta, GA | $4,530,260 | $9,934,364 |
Campus Outreach Serve Inc Hoover, AL | $4,070,578 | $8,268,154 |
Third Millennium Ministries Inc Casselberry, FL | $8,248,500 | $7,349,091 |
Suncoast Haven Of Rest Rescue Mission Inc Pinellas Park, FL | $540,922 | $5,432,743 |
Avant Garde Academy Inc Hollywood, FL | $1,307,443 | $5,391,830 |
The Rauner Family Foundation Key Largo, FL | $61,036,083 | $5,579,241 |
Buckhead Christian Ministry Inc Atlanta, GA | $4,936,507 | $4,578,885 |
Christians Reaching Out To Society Inc Lake Worth, FL | $3,934,731 | $3,748,964 |
Choice Book Of Gulf State Inc Theodore, AL | $0 | $1,459,933 |
North Georgia Camp And Retreat Ministries Inc Dahlonega, GA | $18,005,770 | $6,432,475 |