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Nonprofiteer
← GOLD MEDAL KARATE INC

Form 990 for tax year 2023

Filed by GOLD MEDAL KARATE INC.

Totals

Total revenue
$4,477,776
Total expenses
$4,119,089
Contributions and grants received
$3,737,241
Grants paid
$0
Program services expenses (Part IX)
$3,472,098
Management and general expenses
$503,292
Fundraising expenses
$143,699
Program service expenses (Part III)
$3,472,098

Program services were 84.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SALVATORE SANDONE

    CEO

    Total calculated
    $153,099
    From this org
    $152,499
    From related orgs
    $0
    Other
    $600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,499
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $600
    Filer's total
    $153,099
  • MICHAEL HINCHMAN

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • HEATHER SAPELBWEYAR

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2
  • SARAH KHAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • PAUL DACOSTA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • MICHAEL HINCHMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • FRANCINE STEWART

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349306512

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