Itf America Foundation
- Assets
- $65.9k
- Revenue
- $19.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Hood River, OR
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 82-3986580
Organization Overview
Itf America Foundation is located in Hood River, OR. The organization was established in 2018. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Itf America 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 12/2022, Itf America Foundation generated $19.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $20.7k during the year ending 12/2022. While expenses have increased by 13.5% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP THE MARTIAL ART OF ITF TAEKWON-DO AND FOSTER THE TEACHINGS AS HANDED DOWN BY THE TAEKWON-DO FOUNDER GENERAL CHOI HONG HI IN THE USA
TO PROVIDE A UNIFORM REPRESENTATION TO THE INTERNATIONAL TAEKWON-DO FEDERATION OFFICIAL EVENTS
TO SUPPORT THE TEAM USA AT THE ITF WORLD CHAMPIONSHIPS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fabian A Nunez President | 12 | $2,000 | |
Vincent Affatigato Vice-President | 12 | $1,800 | |
Donald Kerner Secretary General | 12 | $4,200 | |
Edward Davila Treasurer | 12 | $1,800 | |
Ruben Suarez Board | 12 | $1,200 | |
Marcello Cancelliere Board | 12 | $1,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$13,655 |
| Other Income | $33,356 |
| Total Revenue | $19,701 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,395 |
| Total operating and administrative expenses | $19,657 |
| Contributions, gifts, grants paid | $1,046 |
| Total expenses and disbursements | $20,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,962 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $2,235 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,703 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $65,900 |
| Accounts payable and accrued expenses | $1,500 |
| Grants payable | $0 |
| Deferred revenue | $38,783 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $40,283 |