Overview
What is Usa National Karate-Do Federation Inc?
Usa National Karate-Do Federation Inc, situated in Colorado Springs, Colorado, functions as a nonprofit organization. Its primary mission involves sponsoring national karate competitions and participating in international events. This organization serves as a platform for karate enthusiasts to showcase their skills on a larger stage, fostering a sense of unity and competition within the karate community. The Federation's activities are centered around organizing national tournaments and representing the nation in international competitions, thereby promoting the sport of karate on a global scale.
Official website here: www.usankf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Overall, the USA National Karate-Do Federation Inc. has received a two-star rating with a score of 62%. While the organization excels in accountability and finance, showcasing a perfect score in this category, it falls short in other significant aspects, primarily concerning its board composition and transparency in financial reporting.
One notable strength is the organization's high program expense ratio of 89.74%, indicating that a large portion of its expenditures goes directly toward its programs rather than administrative costs. Additionally, policies such as conflict of interest and whistleblower protections are in place, which reflects a commitment to ethical governance. However, the lack of independent board members and missing financial statements raises concerns about oversight and transparency.
Limitations in governance are highlighted by the absence of independent members on the board and missing documentation, such as the tax form on the nonprofit's website. The organization also did not provide adequate financial documentation, which detracts from its overall accountability. These factors contribute to the organization’s low rating, suggesting that improvements in governance and financial transparency are necessary for enhancing its credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Usa National Karate-Do Federation Inc legitimate?
Usa National Karate-Do Federation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Usa National Karate-Do Federation 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: $233,623
For more financial information, click here
Official website here: www.usankf.org
What is the mission statement of Usa National Karate-Do Federation Inc?
The U.S.A. National Karate-Do Federation Inc. primarily focuses on sponsoring national karate competitions and participating in international events. Their mission is centered around promoting and fostering the growth of karate on a global scale. They play a significant role in organizing domestic tournaments and representing the nation in international karate events. Their activities aim to cultivate a competitive environment, encourage talent development, and promote the sport of karate on a global stage.
Official website here: www.usankf.org
Who is the CEO of Usa National Karate-Do Federation Inc?
Michael Cain is the Ceo of Usa National Karate-Do Federation Inc. The CEO's salary of Usa National Karate-Do Federation Inc is $0 and their total compensation is $0.
Official website here: www.usankf.org
What is the revenue of Usa National Karate-Do Federation Inc?
Usa National Karate-Do Federation Inc's revenue in 2022 was $1,014,487.
Official website here: www.usankf.org
Who are the executives of Usa National Karate-Do Federation Inc and what are their salaries?
Here are 10 key members and their salaries (Usa National Karate-Do Federation Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.usankf.org
Where can I find the form 990 for Usa National Karate-Do Federation Inc?
Usa National Karate-Do Federation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.usankf.org
Learn more at the official website: www.usankf.org
Mission Statement of Usa National Karate-Do Federation Inc
The U.S.A. National Karate-Do Federation Inc plays a significant role in the karate community by sponsoring national competitions and participating in international events. Their mission is multifaceted, involving the organization's active involvement in both local and global karate competitions. By doing so, they contribute to the growth and development of the sport on a larger scale, providing a platform for karate enthusiasts to showcase their skills and talents. The Federation's involvement in international competitions also allows for the exchange of knowledge, techniques, and cultural interactions, enriching the karate community as a whole.
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Impact
July, 2024
The impact of Usa National Karate-Do Federation Inc is evident through its sponsorship of national karate competitions and active participation in international competition. By providing a platform for both national and international karate athletes to showcase their skills and compete at a high level, the federation plays a significant role in promoting the sport of karate and fostering a sense of community among practitioners. Additionally, the organization contributes to the overall development of karate by organizing events that help athletes improve their skills and gain valuable experience on a competitive stage. Through its efforts, Usa National Karate-Do Federation Inc continues to elevate the standard of karate excellence and inspire future generations of martial artists.
This information is meant to be a general summary of Usa National Karate-Do Federation 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.
- Investment Income: $116
- Program Service Revenue: $734,139
- Gross Receipts: $1,014,487
Assets and Liabilities:
- Total Assets: $311,044
- Total Liabilities: $5,788
- Net Assets: $305,256
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOURNAMENT FEES
Revenue
$679,067
COMMISSION INCOME ON P
Revenue
$55,072
Organization Details
Founding Year
1994
Phone
(719) 477-6925Principal Officer
Michael Cain
Main Address
1631 MESA AVENUE A-1, COLORADO SPRINGS, CO, 80906
Website
www.usankf.orgNTEE Category
Code: N70 - Recreation
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