Overview
What is Usa Taekwondo Inc?
Usa Taekwondo Inc, located in Colorado Springs, Colorado, serves as the national governing body for the sport of Taekwondo in the United States, operating under the authority of the United States Olympic and Paralympic Committee (USOPC). The primary mission of this nonprofit organization is to enable American athletes to achieve sustained competitive excellence in Taekwondo. It provides a variety of programs, services, and support to Taekwondo participants, ensuring a safe and positive environment while fostering high athletic skill, self-discipline, humility, indomitable spirit, and expression of Olympic ideals. Usa Taekwondo Inc also hosts first-class training camps, development programs, and competitions for athletes, coaches, and officials at all levels. Additionally, the organization launched USA Taekwondo University (USATKDU) in 2021, offering cutting-edge modern methods of sport Taekwondo and preparing athletes for international competitions and academy life. Usa Taekwondo Inc has approximately 14 employees dedicated to this mission.
Official website here: www.teamusa.org/usa-taekwondo
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Usa Taekwondo Inc has received an 85% rating from Charity Navigator, reflecting a solid commitment to accountability and financial transparency. The organization's score is based entirely on its performance in the Accountability & Finance category, indicating a strong emphasis on proper governance and fiscal responsibility.
Key strengths include an entirely independent board with 12 members, comprehensive oversight practices, and a lack of material asset diversion. The organization has also implemented various policies, such as conflict of interest and whistleblower policies, further enhancing its credibility. With a program expense ratio of 84.33%, Usa Taekwondo demonstrates a significant allocation of its resources towards its mission, which is a positive indicator for stakeholders.
However, while the financial management appears robust, the single focus on the Accountability & Finance beacon means that the rating does not encompass other important aspects such as program effectiveness or donor engagement. Potential supporters may want to consider these factors alongside the financial rating when assessing the overall impact of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Usa Taekwondo Inc legitimate?
Usa Taekwondo Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Usa Taekwondo 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: $161,593
Professional Fundraising Fees: $0
Other Salaries and Wages: $641,733
For more financial information, click here
Official website here: www.teamusa.org/usa-taekwondo
What is the mission statement of Usa Taekwondo Inc?
U.S.A. Taekwondo Inc's mission is centered around enabling American athletes to achieve sustained competitive excellence in Taekwondo. Acting as the national governing body for the sport under the United States Olympic and Paralympic Committee (USOPC), the organization aims to provide a safe and positive environment for all Taekwondo participants. USAT is committed to demonstrating high athletic skill, self-discipline, humility, indomitable spirit, and the expression of Olympic ideals required to excel in the sport. The organization envisions a world where Taekwondo participants of all levels have the necessary programs, services, support, and training to achieve excellence in the sport, positioning USAT as the premier benchmark for the development of Taekwondo as an Olympic sport, method of self-defense, form of recreation, and way of life.
Official website here: www.teamusa.org/usa-taekwondo
Who is the CEO of Usa Taekwondo Inc?
Stephen Mcnally is the Chief Executive Officer of Usa Taekwondo Inc. The CEO's salary of Usa Taekwondo Inc is $145,546 and their total compensation is $161,592.
Official website here: www.teamusa.org/usa-taekwondo
What is the revenue of Usa Taekwondo Inc?
Usa Taekwondo Inc's revenue in 2022 was $4,727,638.
Official website here: www.teamusa.org/usa-taekwondo
Who are the executives of Usa Taekwondo Inc and what are their salaries?
The average compensation at Usa Taekwondo Inc during 2022 was $57,380. There are 14 employees and 100 volunteers at Usa Taekwondo Inc.
Here are 15 key members and their salaries (Usa Taekwondo Inc's CEO's salary is $145,546 and their total compensation is $161,592):
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Official website here: www.teamusa.org/usa-taekwondo
Where can I find the form 990 for Usa Taekwondo Inc?
Usa Taekwondo Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.teamusa.org/usa-taekwondo
Learn more at the official website: www.teamusa.org/usa-taekwondo
Mission Statement of Usa Taekwondo Inc
USA Taekwondo Inc, as the national governing body for the sport of Taekwondo under the authority of the United States Olympic and Paralympic Committee (USOPC), aims to enable American athletes to achieve sustained competitive excellence in Taekwondo. The organization envisions a world where Taekwondo participants of all levels have the necessary programs, services, support, and training to excel in the sport. USA Taekwondo is committed to providing a safe and positive environment, demonstrating high athletic skill, self-discipline, humility, indomitable spirit, and the expression of Olympic ideals required to excel in the sport. The organization strives to be seen as the premier benchmark for the development of Taekwondo as an Olympic sport, method of self-defense, form of recreation, and way of life.
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Impact
July, 2024
USA Taekwondo Inc's impact is significant in enabling United States athletes to achieve sustained competitive excellence in the sport of Taekwondo. As the national governing body for Taekwondo under the authority of the United States Olympic and Paralympic Committee, USA Taekwondo provides essential programs, services, and support for all Taekwondo participants. Additionally, USA Taekwondo hosts high-performance programs, training camps, and development programs for athletes, coaches, and officials to enhance their skills and prepare them for domestic and international competitions.
Moreover, USA Taekwondo's launch of USA Taekwondo University (USATKDU) in 2021 further reinforces its commitment to advancing the sport. USATKDU offers cutting-edge modern methods of sport Taekwondo and prepares athletes for the challenges of international competition. By offering degree courses of increasing difficulty, USA Taekwondo ensures that participants have access to top-notch training and development opportunities.
Through these initiatives and partnerships, USA Taekwondo is actively shaping the landscape of Taekwondo in the United States and envisioning a world where participants of all levels have the necessary resources to excel in the sport.
This information is meant to be a general summary of Usa Taekwondo 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $3,146,058
- Gross Receipts: $4,727,638
Assets and Liabilities:
- Total Assets: $615,620
- Total Liabilities: $465,262
- Net Assets: $150,358
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NATIONAL & INTERNATION
Revenue
$1,814,812
HIGH PERFORMANCE SUPPO
Revenue
$440,000
MEMBERSHIP DUES
Revenue
$432,079
USA TAEKWONDO UNIVERSI
Revenue
$260,537
SPONSORSHIP & MARKETIN
Revenue
$144,575
Organization Details
Founding Year
2004
Phone
(719) 866-3636Principal Officer
Stephen Mcnally
Main Address
1 OLYMPIC PLAZA 110, COLORADO SPRINGS, CO, 80909
NTEE Category
Code: N70 - Recreation
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