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World Tang Soo Do Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$95.6k (2023)

Expenses
$80.7k (2023)

Total Assets
$4.37M (2023)

Total Liabilities
$18.8k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$95,633
Expenses
$80,694
Net Income
$14,939
Net Assets
$4,348,648
Notable Sources of Revenue Percent of Total Revenue
Contributions $62,915
65.8%
Program Services $0
Investment Income $31,237
32.7%
Bond Proceeds $0
Royalties $0
Rental Property Income -$42,096
Net Fundraising $0
Sales of Assets $32,657
34.1%
Net Inventory Sales $10,920
11.4%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,367,426
Total Liabilities $18,778
Net Assets $4,348,648
Compensation
Key Employees and Officers Compensation Related Other
Gideon Lee (Coo/Chief Of Staff) $0 $72,500 $7,750
William Strong (Grandmaster) $0 $26,000 $0
Frank Fattori (Ceo/President) $0 $15,000 $0
Sanford Lipstein (Cfo/Treasurer) $0 $12,000 $0
Kristen Winsko (Chair, Legal Affairs Committee) $0 $12,000 $0
Michael Molinaro (Chair, Scholarship Committee) $0 $0 $0
Barbara Bellini (Chair, Building Fund Committee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$295,109
Expenses
$91,885
Net Income
$203,224
Net Assets
$4,196,057
Notable Sources of Revenue Percent of Total Revenue
Contributions $90,144
30.5%
Program Services $0
Investment Income $4,441
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income -$42,096
Net Fundraising $0
Sales of Assets $216,763
73.5%
Net Inventory Sales $5,977
2.0%
Other Revenue $19,880
6.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,196,057
Total Liabilities $0
Net Assets $4,196,057
Compensation
Key Employees and Officers Compensation Related Other
Gideon Lee (Coo/Chief Of Staff) $0 $66,499 $7,300
William Strong (Ceo/President) $0 $36,000 $0
Sanford Lipstein (Cfo/Treasurer) $0 $12,000 $0
Kristen Winsko (Chair, Legal Affairs Committee) $0 $12,000 $0
Michael Molinaro (Chair, Scholarship Committee) $0 $0 $0
Barbara Bellini (Chair, Building Fund Committee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$44,343
Expenses
$54,888
Net Income
-$10,545
Net Assets
$3,885,681
Notable Sources of Revenue Percent of Total Revenue
Contributions $89,270
> 100%
Program Services $0
Investment Income $58
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income -$45,926
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $941
2.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,885,681
Total Liabilities $0
Net Assets $3,885,681
Compensation
Key Employees and Officers Compensation Related Other
Gideon Lee (Coo/Chief Of Staff) $0 $66,500 $7,200
William Strong (Ceo/President) $0 $26,000 $0
Sanford Lipstein (Cfo/Treasurer) $0 $6,462 $0
Kristen Winsko (Chair, Legal Affairs Committee) $0 $6,462 $0
Michael Molinaro (Chair, Scholarship Committee) $0 $0 $0
Barbara Bellini (Chair, Building Fund Committee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$62,741
Expenses
$63,709
Net Income
-$968
Net Assets
$3,896,226
Notable Sources of Revenue Percent of Total Revenue
Contributions $96,804
> 100%
Program Services $0
Investment Income $757
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income -$42,096
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $7,276
11.6%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,896,226
Total Liabilities $0
Net Assets $3,896,226
Compensation
Key Employees and Officers Compensation Related Other
Gideon Lee (Coo/Chief Of Staff) $0 $62,769 $7,100
William Strong (Ceo/President) $0 $26,000 $0
Sanford Lipstein (Cfo/Treasurer) $0 $0 $0
Kristen Winsko (Chair, Legal Affairs Committee) $0 $0 $0
Michael Molinaro (Chair, Scholarship Committee) $0 $0 $0
Barbara Bellini (Chair, Building Fund Committee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$159,434
Expenses
$154,121
Net Income
$5,313
Net Assets
$3,897,194
Notable Sources of Revenue Percent of Total Revenue
Contributions $175,215
> 100%
Program Services $0
Investment Income $6,516
4.1%
Bond Proceeds $0
Royalties $0
Rental Property Income -$38,096
Net Fundraising $76
0.0%
Sales of Assets $0
Net Inventory Sales $15,723
9.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,897,194
Total Liabilities $0
Net Assets $3,897,194
Compensation
Key Employees and Officers Compensation Related Other
Kristen Winsko (Chair, Legal Affairs Commi) $0 $0 $0
Michael Molinaro (Chair, Scholarship Committ) $0 $0 $0
Barbara Bellini (Chair, Building Fund Commi) $0 $0 $0
Sanford Lipstein (Treasurer) $0 $0 $0
Robert Beaudoin (Chair) $0 $26,000 $0
Gideon Lee (Chief Of Staff) $0 $62,500 $7,000

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$192,657
Expenses
$55,440
Net Income
$137,217
Net Assets
$3,878,214
Notable Sources of Revenue Percent of Total Revenue
Contributions $205,750
> 100%
Program Services $0
Investment Income $110
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income -$41,604
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $28,401
14.7%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,883,909
Total Liabilities $5,695
Net Assets $3,878,214
Compensation
Key Employees and Officers Compensation Related Other
Kristen Winsko (Chair, Legal Affairs Committee) $0 $0 $0
Michael Molinaro (Chair, Scholarship Committee) $0 $0 $0
Barbara Bellini (Chair, Building Fund Committee) $0 $0 $0
Sanford Lipstein (Treasurer) $0 $0 $0
Robert Beaudoin (Chair) $0 $27,000 $0
Gideon Lee (Chief Of Staff) $0 $59,963 $6,900

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$254,467
Expenses
$86,346
Net Income
$168,121
Net Assets
$3,740,997
Notable Sources of Revenue Percent of Total Revenue
Contributions $241,268
94.8%
Program Services $0
Investment Income $45
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$1,006
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $14,160
5.6%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,740,997
Total Liabilities $0
Net Assets $3,740,997
Compensation
Key Employees and Officers Compensation Related Other
Robert E Beaudoin (Chair) $0 $26,000 $0
Sanford Lipstein (Treasurer) $0 $0 $0
Gideon Lee (Chief Of Staff) $0 $52,000 $6,750
Kristen Winsko (Secretary & Chair, Legal A) $0 $0 $0
Mike Molinaro (Chair, Scholarship Committ) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$335,972
Expenses
$47,801
Net Income
$288,171
Net Assets
$3,572,876
Notable Sources of Revenue Percent of Total Revenue
Contributions $325,128
96.8%
Program Services $0
Investment Income $83
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$11,399
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $22,160
6.6%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,798,252
Total Liabilities $225,376
Net Assets $3,572,876
Compensation
Key Employees and Officers Compensation Related Other
Robert E Beaudoin (Chair) $0 $26,000 $0
Sanford Lipstein (Treasurer) $0 $0 $0
Gideon Lee (Chief Of Staff) $0 $55,700 $6,867
Kristen Winsko (Secretary & Chair, Legal Affairs Committee) $0 $0 $0
Mike Molinaro (Chair, Scholarship Committee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$230,964
Expenses
$81,862
Net Income
$149,102
Net Assets
$3,284,705
Notable Sources of Revenue Percent of Total Revenue
Contributions $246,399
> 100%
Program Services $0
Investment Income $77
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$22,777
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $7,265
3.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,894,966
Total Liabilities $610,261
Net Assets $3,284,705
Compensation
Key Employees and Officers Compensation Related Other
Robert Beaudoin (Chair) $0 $26,000 $0
Michael Kaye (Building Fund Chair) $0 $0 $0
Mike Molinaro (Scholarship Fund Chair) $0 $0 $0
Sanford Lipstein (Treasurer) $0 $0 $0
Kristen Winsko (Secretary, Legal Affairs C) $0 $0 $0
Gideon Lee (Chief Of Staff) $0 $51,923 $4,800

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$407,743
Expenses
$46,736
Net Income
$361,007
Net Assets
$3,135,603
Notable Sources of Revenue Percent of Total Revenue
Contributions $379,288
93.0%
Program Services $0
Investment Income $72
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$24,205
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $52,588
12.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,883,781
Total Liabilities $748,178
Net Assets $3,135,603
Compensation
Key Employees and Officers Compensation Related Other
Robert Beaudoin (Chair) $0 $26,000 $0
Michael Kaye (Building Fund Chair) $0 $0 $0
Mike Molinaro (Scholarship Fund Chair) $0 $0 $0
Sanford Lipstein (Treasurer) $0 $0 $0
Kristen Winsko (Secretary, Legal Affairs C) $0 $0 $0
Gideon Lee (Chief Of Staff) $0 $49,470 $4,200

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$216,110
Expenses
$51,063
Net Income
$165,047
Net Assets
$2,774,596
Notable Sources of Revenue Percent of Total Revenue
Contributions $198,027
91.6%
Program Services $0
Investment Income $86
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$20,532
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $37,429
17.3%
Other Revenue $1,100
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,652,882
Total Liabilities $878,286
Net Assets $2,774,596
Compensation
Key Employees and Officers Compensation Related Other
Robewrt Beaudoin (Grandmaster) $0 $0 $0
Michael Kaye (Building Fund Chair) $0 $0 $0
Scott Homschek (Scholarship Fund Chair) $0 $0 $0
Sanford Lipstein (Treasurer) $0 $0 $0
Kristen Winsko (Secretary, Legal Affairs C) $0 $0 $0
Gideon Lee (Chief Of Staff) $0 $0 $54,991

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$423,946
Expenses
$119,382
Net Income
$304,564
Net Assets
$2,609,549
Notable Sources of Revenue Percent of Total Revenue
Contributions $345,609
81.5%
Program Services $0
Investment Income $77
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $50,240
11.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $26,020
6.1%
Other Revenue $2,000
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,514,847
Total Liabilities $905,298
Net Assets $2,609,549

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$499,193
Expenses
$41,918
Net Income
$457,275
Net Assets
$2,304,985
Notable Sources of Revenue Percent of Total Revenue
Contributions $476,713
95.5%
Program Services $0
Investment Income $2,332
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $17,948
3.6%
Other Revenue $2,200
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,866,462
Total Liabilities $561,477
Net Assets $2,304,985

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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