NonprofitsUsa Taekwondo Inc

Recreation & Sports

Usa Taekwondo Inc

COLORADO SPRINGS, CO

Total revenue

$6.3M

Total expenses

$5.4M

Net assets

$636K

Grants received

$1.6M

3 grants

EIN

680587171

Tax year

2024

Mission

The purpose of usa taekwondo shall be to enable united states athletes to achieve sustained competitive excellence in the sport of taekwondo in the united states and to serve as the national governing body for the sport of taekwondo under the authority of the united states olympic and paralympic committee (usopc) as set out below. Furthermore, usat is committed to providing the necessary programs, services and support for all taekwondo participants by providing a safe and positive environment as well as demonstrating the high athletic skill, self-discipline, humility, indomitable spirit and expression of olympic ideals required to excel in the sport. Usat envisions a world where taekwondo participants of all levels have the necessary programs, services, support and training to achieve excellence in the sport and that usat is 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.

Programs

3 programs

National & international events - approximately 4,000 athletes participated in domestic and international competitions throughout the year. An additional approximately 1,500 athletes competed at the state level in competitions sanctioned by usa taekwondo.

Expenses: $1.6M

Membership - approximately 9,719 individuals and 574 clubs are members of usa taekwondo. Individual members were provided accident insurance coverage and clubs receive general liability insurance as part of their membership packages. Clubs qualify to host sanctioned usa taekwondo competitions. The dan office processed approximately 599 domestic and international certifications for members and non-members.

Expenses: $370K

Media - this program exists to showcase the usa taekwondo programs, increase the visibility of the brand, bring peiople to the sport and to promote the sport and usa taekwondo academy team through digital content.

Expenses: $55K

Financials

FY 2024

Revenue

Contributions & grants$2.4M
Program service revenue$3.8M
Investment income
Other revenue$3K
Total revenue$6.3M

Expenses

Grants paid$59K
Salaries & benefits$1.1M
Fundraising
Other expenses$4.2M
Total expenses$5.4M
Total assets$1.1M
Net assets$636K

People

13 listed

NameRoleCompensation

STEPHEN MCNALLY

CHIEF EXECUTIVE OFFICER

Board

$135K

40 hrs/wk

CHEYENNE LEWIS

AAC ATHLETE REP

Board

2 hrs/wk

RON SOUTHWICK

COACH DIRECTOR

Board

2 hrs/wk

JOHN HOLLOWAY

REFEREE DIRECTOR

Board

2 hrs/wk

JAYSEN ISHIDA

AAC ATHLETE REP

Board

2 hrs/wk

MITCH SPRENGELMEYER

INDEPENDENT DIRECTOR

Board

2 hrs/wk

DANIEL CHUN

INDEPENDENT DIRECTOR

Board

2 hrs/wk

CAROL LEWIS

CHAIR OF BOARD

Board

2 hrs/wk

BONGSEOK KIM

AFFILIATED ORGANIZATION DI

Board

2 hrs/wk

DAVID TURGEON

AAC ATHLETE REP

Board

2 hrs/wk

BRIANNA SALINARO

AAC ATHLETE REP

Board

2 hrs/wk

CHRISTINE SIMMONS

MANAGING DIRECTOR OF EVENT

Staff

$114K

40 hrs/wk

GARETH BROWN

NATIONAL TEAM HEAD COACH

Staff

$101K

40 hrs/wk

Grants received

Showing 3 of 3

FromAmountPurposeYear
$804K
OLYMPIC/PARALYMPIC SUPPORT
2024
$64K
MULTIPLE EDUCATIONAL GRANTS
2024
$781K
OLYMPIC/PARALYMPIC SUPPORT
2023

Funded by

$1.6M from 2 funders · 3 grants · 2023–2024

United States Olympic And Paralympic

$1.6M · 2 grants · 2023–2024

Details

EIN680587171
NTEE codeN70
Subsection03
Ruling date2004-09
Formed2004
Employees12
Volunteers100
USA TAEKWONDO INC — Mission, Financials & Grants Received | Grantivo