Overview
What is World Tang Soo Do Association?
The World Tang Soo Do Association is a globally recognized nonprofit organization, with a presence in 23 regions worldwide, 19 of which are actively operating. Their primary mission is to enrich lives through the traditional practice of Tang Soo Do, blending physical and mental training. The association organizes numerous championships annually within each region, as well as a biannual world championship event, which brings together members from around the world for fellowship, competition, and skill enhancement. Regional seminars provide students the opportunity to learn from master instructors, fostering a platform for preserving and maintaining the Tang Soo Do tradition. Annually, black belt and Chon Dan Bo (one level below black belt) members gather for black belt camps, focusing on teaching techniques and skill development. The association also holds three master instructors' clinics annually, in the US, Europe, and South America, to update and enhance their teaching methods. With a team of 12 dedicated employees, the World Tang Soo Do Association promotes overall well-being and discipline within the communities it serves through its curriculum of Tang Soo Do.
Official website here: www.wtsda.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The World Tang Soo Do Association has received a two-star rating from Charity Navigator, indicating that there are significant areas for improvement in its accountability and financial practices. While the organization shows strong governance with a majority of independent board members and a high program expense ratio, it has notable weaknesses in transparency, particularly in financial reporting.
Specifically, the association does not provide financial statements or a posted tax form on its website, which limits public insight into its financial health. Additionally, it lacks key policies such as a whistleblower policy and a document retention and destruction policy. These gaps can raise concerns regarding the overall governance and accountability of the organization.
Despite these limitations, the World Tang Soo Do Association demonstrates effective management of its assets, as indicated by a low liabilities to assets ratio. The organization also adheres to good practices in maintaining meeting minutes and conflict of interest policies, suggesting that while there are areas to improve, it does uphold some standards of governance.
This AI summary has been generated from information found on Charity Navigator.
Is World Tang Soo Do Association legitimate?
World Tang Soo Do Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. World Tang Soo Do Association 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: $148,799
Professional Fundraising Fees: $0
Other Salaries and Wages: $228,128
For more financial information, click here
Official website here: www.wtsda.com
What is the mission statement of World Tang Soo Do Association?
The World Tang Soo Do Association was established with the mission to deliver high-quality instruction in the traditional art of Tang Soo Do. This organization aims to assist its students in enhancing their appreciation of life by fostering the development of both physical and cognitive skills. The association also promotes overall well-being in the communities it serves, doing so through a curriculum that emphasizes discipline, exercise, and the core values of this ancient martial art. This curriculum is focused on fostering a sense of self-improvement and personal growth.
Official website here: www.wtsda.com
Who is the CEO of World Tang Soo Do Association?
Sanford Lipstein is the Coo/Chief Of Staff of World Tang Soo Do Association. The CEO's salary of World Tang Soo Do Association is $36,000 and their total compensation is $36,000.
Official website here: www.wtsda.com
What is the revenue of World Tang Soo Do Association?
World Tang Soo Do Association's revenue in 2022 was $1,366,918.
Official website here: www.wtsda.com
Who are the executives of World Tang Soo Do Association and what are their salaries?
The average compensation at World Tang Soo Do Association during 2022 was $31,411. There are 12 employees and 1500 volunteers at World Tang Soo Do Association.
Here are 32 key members and their salaries (World Tang Soo Do Association's CEO's salary is $36,000 and their total compensation is $36,000):
- Compensation: $66,499
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- Other: $7,300
- Compensation: $36,000
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Official website here: www.wtsda.com
Where can I find the form 990 for World Tang Soo Do Association?
World Tang Soo Do Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wtsda.com
Learn more at the official website: www.wtsda.com
Mission Statement of World Tang Soo Do Association
The World Tang Soo Do Association was established with a mission to positively impact lives through the practice of traditional Tang Soo Do. This mission is twofold. Firstly, the organization provides high-quality instruction in the ancient art of Tang Soo Do, aiming to help its students enhance their appreciation of life. This is achieved by fostering the development of both physical and cognitive skills. Secondly, the World Tang Soo Do Association promotes overall well-being within the communities it serves. This is accomplished through a curriculum that emphasizes discipline and exercise, aligning with the core values of this traditional martial art. By doing so, the association aims to contribute to the betterment of the communities it serves.
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Impact
October, 2024
The World Tang Soo Do Association (WTSD) significantly enhances lives by cultivating both physical and mental skills through traditional Tang Soo Do training. With 23 regions globally, 19 of which actively engage in promoting this martial art, the WTSD organizes annual championships that foster healthy competition and camaraderie among practitioners. These events not only allow members to showcase their skills but also reinforce friendships across different cultures.
Additionally, the association hosts a biannual world championship that attracts participants from around the globe, creating a community of martial artists dedicated to preserving the traditions of Tang Soo Do. Regular seminars offer further learning opportunities, bringing in expert master instructors to enhance students' understanding and proficiency in the art.
For black belt members and those one level below, the annual Black Belt Camp provides in-depth training on teaching methodologies, ensuring the continuity and quality of Tang Soo Do instruction. Moreover, the WTSD organizes master instructor clinics in various parts of the world, reinforcing best practices and allowing over 300 instructors to refine their skills.
Through these structured activities and a focus on discipline and well-being, the World Tang Soo Do Association promotes personal growth and enhances the quality of life for individuals and communities alike.
This information is meant to be a general summary of World Tang Soo Do Association. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $14
- Program Service Revenue: $1,243,038
- Gross Receipts: $1,463,788
Assets and Liabilities:
- Total Assets: $1,156,135
- Total Liabilities: $42,899
- Net Assets: $1,113,236
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOURNAMENTS/CHAMPIONSHIPS
Revenue
$753,981
MEMBERSHIP DUES
Revenue
$321,072
TESTING FEES
Revenue
$167,985
Organization Details
Founding Year
1982
Phone
(336) 223-0056Principal Officer
Sanford Lipstein
Main Address
2436 HANFORD ROAD, BURLINGTON, NC, 27215
Website
www.wtsda.comNTEE Category
Code: N60 - Recreation
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