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One World Taekwondo Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 204919571 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is One World Taekwondo Foundation Inc?

One World Taekwondo Foundation Inc, situated in the heart of Harlem, New York, is a nonprofit organization that emphasizes the transformative power of martial arts training in fostering physical, social, and mental well-being. Their dual mission involves supporting and developing athletic talents for domestic and international competitions, serving as a platform to promote peace and understanding. Additionally, the foundation is committed to maintaining a diverse and multicultural student body by making its programs accessible to individuals from all socio-economic backgrounds.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 33%, Zero-Star out of Four Star rating. This rating reflects significant concerns with the organization's accountability and financial practices. The score is based entirely on the Accountability & Finance category, which highlights several shortcomings, including missing key governance policies and a concerning liabilities to assets ratio of over 611%. While the organization has an independent board and does not have material diversions of assets, the absence of essential documentation on its website has negatively impacted its overall score.

User feedback from sources like Great Nonprofits presents a more positive perspective. Many clients express strong satisfaction with the supportive community and the dedication of the instructors. Reviews emphasize the welcoming environment, with participants feeling a sense of family and camaraderie during classes. The positive experiences shared by students highlight the organization's impact on personal growth and physical fitness, showcasing a strong commitment to nurturing its members.

Despite the positive reviews from clients, the significant accountability issues noted by Charity Navigator cannot be overlooked. Potential donors and supporters may need to weigh the community benefits against the organization's financial transparency challenges when considering involvement or contributions.


This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.

Is One World Taekwondo Foundation Inc legitimate?

One World Taekwondo Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. One World Taekwondo Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of One World Taekwondo Foundation Inc?

One World Taekwondo Foundation Inc is a non-profit organization that utilizes rigorous martial arts training as a means to promote physical, social, and mental health. Their twofold public objective includes supporting and developing tournament athletes to foster peace and understanding through domestic and international competitions, and maintaining a diverse and multi-ethnic student body by making their programs accessible to all, regardless of socio-economic status.

Who is the CEO of One World Taekwondo Foundation Inc?

Andrea Wood is the President of One World Taekwondo Foundation Inc.

What is the revenue of One World Taekwondo Foundation Inc?

One World Taekwondo Foundation Inc's revenue in 2020 was $8,469.

Who are the executives of One World Taekwondo Foundation Inc and what are their salaries?


There is 1 key member and their salary:


Andrea Wood (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for One World Taekwondo Foundation Inc?

One World Taekwondo Foundation Inc's most recent form 990 was submitted in 2020 and can be accessed here.

Mission Statement of One World Taekwondo Foundation Inc

One World Taekwondo Foundation, a non-profit organization, is founded on the belief that rigorous martial arts training can foster physical, social, and mental health. Their primary objective is twofold: to nurture and develop tournament athletes, utilizing these competitions as a platform to promote peace and understanding on both a domestic and international scale. Additionally, the organization is committed to maintaining a diverse and multi-ethnic student body by making its programs accessible to individuals regardless of their socio-economic status. By providing a conducive environment for martial arts training, One World Taekwondo Foundation aims to contribute positively to the overall well-being of its students.

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Impact




August, 2024

One World Taekwondo Foundation Inc's impact is evident in the way it leverages rigorous martial arts training as a pathway to physical, social, and mental health. By supporting and developing tournament athletes, the organization promotes peace and understanding through both domestic and international competitions. Additionally, its commitment to maintaining a diverse and multi-ethnic student body, with programs accessible to all regardless of socioeconomic status, contributes to fostering inclusivity and unity within the community.




This information is meant to be a general summary of One World Taekwondo Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$8,469 (2020)
Expenses
$10,171 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Gross Receipts: $8,721

Assets and Liabilities:

  • Total Assets: $43,152
  • Total Liabilities: $263,673
  • Net Assets: -$220,521

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Organization Details

Founding Year

2008

Principal Officer

Andrea Wood

Main Address

136 W 113TH STREET APT 4 D, NEW YORK, NY, 10026

NTEE Category

Code: N40 - Recreation

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