USA Taekwondo Inc.

85%

Three-Star Charity

Impact & Measurement

Accountability & Finance

Culture & Community

Leadership & Adaptability

USA Taekwondo Inc.

Is this your nonprofit?

501(c)(3) organization

Donations are tax-deductible

WWW.TEAMUSA.ORG/USA-TAEKWONDO

1015 GARDEN OF GODS RD STE 110

Colorado Spgs CO 80907-9467

719-866-3636

Colorado Spgs CO | IRS ruling year: 2004 | EIN: 68-0587171

An EIN is a unique nine-digit number that identifies a business for tax purposes.

Organization 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 ...

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Rating Information

Good

This charity's score is 85%, earning it a Three-Star rating.

This overall score is calculated entirely from a single beacon score, weighted as follows: 100% Accountability & Finance. Learn more about our criteria and methodology.

Historical Ratings

Proceed with Caution - Reported OtherMaterialInvestigation

On September 13, 2019, The Washington Post reported on the operations of USA Taekwondo Inc. in an article titled, "Olympic organizations face multiple investigations by Justice Department, state attorneys general." For more information, please see The Washington Post article.

On August 25, 2020, cleveland.com published an article titled "Former Olympic hopeful sues USA Taekwondo, claiming negligence led to career-ending injury." For more information, please see cleveland.com article
On April 1, 2021, The Los Angeles Times published an article titled "California court says USA Taekwondo must protect athletes after L.A. sexual abuse case." For more information, please see The Los Angeles Times article

For more information about our alerts methodology, see here.

Accountability & Finance

Score

85

Most Recent Fiscal Year:
FY 2022

This beacon provides an assessment of a charity's financial health (financial efficiency, sustainability, and trustworthiness) and its commitment to governance practices and policies.

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Key Accountability Metrics

Full Credit

Partial Credit

No Credit

Majority Independent Board Members - 100% independent members

8 out of 8 points

Independent Board Size - 12 independent members

7 out of 7 points

Financial Statements - Audit and Oversight Committee

15 out of 15 points

Total Revenue Amount	Expectation to Receive Credit
$2 million or higher and 40% or higher donor support	Expected to complete an audit and have an audit oversight committee
$1 million or higher	Expected to complete an audit
$500,000 - $1 million	Expected to complete an audit, review, or compilation
Less than $500,000	No expectation (removed from scoring methodology)

Material Diversion of Assets - None

10 out of 10 points

Tax Form Disclosures and Policies

Full Credit

Partial Credit

No Credit

Website Listed on Tax Form - Listed

2 out of 2 points

Conflict of Interest Policy - Listed

4 out of 4 points

Whistleblower Policy - Listed

4 out of 4 points

Document Retention and Destruction - Listed

4 out of 4 points

Documents Board Meeting Minutes - Yes

2 out of 2 points

Website Disclosures

Full Credit

Partial Credit

No Credit

Tax Form Posted on Nonprofit's Website - Listed

4 out of 4 points

Financial Metrics

Full Credit

Partial Credit

No Credit

Liabilities to Assets: Ratio - 75.56%

0 out of 15 points

Program Expense: Ratio - 84.33%

25 out of 25 points

Additional Information

Total Revenue and Expenses - Data Available

Salary of Key Persons - Data Available

IRS Published Data (Business Master File) - Data Available

Data Sources (IRS Forms 990) - Data Available