GOLD MEDAL KARATE INC

EIN: 233017858 501(c)(3) Recreation & Sports

PHILADELPHIA, PA

Total Revenue
$3,597,268
Total Expenses
$3,481,914
Total Assets
$1,567,403
Net Assets
$70,164
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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
PA
Principal Officer
SALVATORE SANDONE
Phone
2159236676
Tax Period
2022-07-01 to 2023-06-30

GOLD MEDAL KARATE INC, founded in 1997, is a community nonprofit in the Recreation & Sports sector that reported $3.6M in total revenue in fiscal year 2022. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $3.5M left a modest 3% surplus.

Mission

ZHANG SAH IS AN INDEPENDENT NONPROFIT ORGANIZATION THAT PROVIDES CHARACTER, CULTURAL, PHYSICAL AND ACADEMIC DEVELOPMENT AND EDUCATION IN CONJUNCTION WITH MULTIDISCIPLINARY MARTIAL ARTS PROGRAMS. ZHANG SAH SUPPORTS THE MENTAL AND PHYSICAL HEALTH AND WELL-BEING OF ITS MEMBERS BY OFFERING THEM TOOLS FOR RESILIENCY AND DISCOVERY ALONG WITH BLACK-BELT TRAINING, AGE-APPROPRIATE MARTIAL ARTS TRAINING, CHARACTER EDUCATION, AND SCIENTIFIC AND PHILOSOPHICAL TEACHING. WITHIN THESE OFFERINGS, ZHANG SAH SUPPORTS WORKING FAMILIES WITH ITS STRUCTURED PROGRAMS THAT PROVIDE EDUCATIONAL DEVELOPMENT FOR CHILDREN, YOUTH AND ADULTS.

Program Service Accomplishments

Program 1
Expenses: $1,391,710 Revenue: $824,686

ZHANG SAH PROVIDES ENGAGING, IMPACTFUL AND PROFESSIONAL AFTER SCHOOL PROGRAMMING YEAR-ROUND FOR STUDENTS IN GRADES K-8 DEVELOPING THE MIND, BODY, AND CHARACTER AT COMMUNITY BASED SITES WE CURRENTLY...

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ZHANG SAH PROVIDES ENGAGING, IMPACTFUL AND PROFESSIONAL AFTER SCHOOL PROGRAMMING YEAR-ROUND FOR STUDENTS IN GRADES K-8 DEVELOPING THE MIND, BODY, AND CHARACTER AT COMMUNITY BASED SITES WE CURRENTLY OPERATE AFTER SCHOOL PROGRAMMING AT 7 SCHOOL DISTRICT BUILDINGS AND OUR COMMUNITY BASED CENTER FUNDED THROUGH THE SCHOOL DISTRICT OF PHILADELPHIA . CHILDREN ARRIVE AT OUR PROGRAMMING BY WALKING ESCORT, IMMEDIATELY FOLLOWING DAILY DISMISSAL FROM SCHOOL. AFTER SCHOOL PROGRAM ACTIVITIES INCLUDE MARTIAL ARTS CLASSES, A NUTRITIOUS SNACK, INDOOR & OUTDOOR FREE PLAY, HOMEWORK TIME, SPORTS, VARIOUS CLUBS, ARTS AND CRAFTS, AND PROJECT BASED LEARNING THROUGHOUT THE YEAR. PROGRAMS EMPHASIZE STEM AND YOUTH VOICE WITH WEEKLY STUDENT COUNCIL MEETINGS.

Program 2
Expenses: $1,243,826 Revenue: $0

ZHANG SAH PROVIDES FOR 8 PHL PRE-K CLASSES SERVING 80 CHILDREN THROUGH OUR PARTNERSHIP WITH PHILADELPHIA'S OFFICE OF CHILDREN AND FAMILIES WHICH IS ADMINISTERED BY PHMC. THEY PROVIDE THE HIGHEST...

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ZHANG SAH PROVIDES FOR 8 PHL PRE-K CLASSES SERVING 80 CHILDREN THROUGH OUR PARTNERSHIP WITH PHILADELPHIA'S OFFICE OF CHILDREN AND FAMILIES WHICH IS ADMINISTERED BY PHMC. THEY PROVIDE THE HIGHEST QUALITY, CHILD-CENTERED, AND CREATIVE LEARNING ENVIRONMENTS COMBINED WITH A UNIQUE MARTIAL ARTS CURRICULUM FOSTERING COGNITIVE, SOCIAL, AND PHYSICAL DEVELOPMENT. EACH PRE-K CLASS IMPLEMENTS THE CREATIVE CURRICULUM, ONE OF THE MOST WIDELY USED PRE-K CURRICULUM IN THE NATION. IT'S COMPREHENSIVE AND RESEARCH-BASED. IN ADDITION, THROUGH THE OFFICE OF CHILDREN AND FAMILIES ADMINISTERED BY PHMC ZHANG SAH OPERATES ADDITIONAL OUT OF SCHOOL TIME PROGRAMMING AT 4 ADDITIONAL SCHOOLS AND ONE OF OUR THREE ZHANG SAH COMMUNITY BASED SITES.

Program 3
Expenses: $351,794 Revenue: $0

SINCE 1998 ZHANG SAH HAS PROVIDED CHILDCARE OPTIONS WITH MARTIAL ARTS PROGRAMMING. WITH OPTIONS FOR FAMILIES WHO RECEIVE STATE CHILD CARE SUBSIDY TO PARTICIPATE AT AN OTHERWISE UNATTAINABLE SUMMER...

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SINCE 1998 ZHANG SAH HAS PROVIDED CHILDCARE OPTIONS WITH MARTIAL ARTS PROGRAMMING. WITH OPTIONS FOR FAMILIES WHO RECEIVE STATE CHILD CARE SUBSIDY TO PARTICIPATE AT AN OTHERWISE UNATTAINABLE SUMMER PROGRAMMING, AFTER SCHOOL PROGRAMS AND DAY CAMPS AT OUR DHS LICENSED STAR 4 COMMUNITY BASED LOCATIONS. ADDITIONAL PROGRAMMING AT OUR COMMUNITY BASED SITES INCLUDES;OUR SPORT BASED YOUTH DEVELOPMENT MIDDLE SCHOOL MODEL,PHEAA OFF-CAMPUS WORK STUDY PROVIDER, OFFERING PART-TIME PAID WORK (SCHOOL- YEAR) AND FULL-TIME TEMPORARY (SUMMER) AND CAREER BUILDING SUPPORT TO COLLEGE STUDENTS WHO WISH TO WORK IN OUR SBYD, EDUCATION OR MARTIAL ART PROGRAMS, A COMPREHENSIVE PROGRAMMATIC INVENTORY OF MARTIAL ARTS LESSONS, WHICH IS ROOTED PROMINENTLY IN THE TRADITIONAL MARTIAL ART DISCIPLINES OF TAE KWON DO, KARATE DO, AIKIDO, AND JUDO. THE PROGRAMMATIC INVENTORY OFFERS BOTH PROGRESSIVE MATRICULATING MARTIAL ARTS CURRICULA AND EFFECTIVE CROSS-TRAINING ADJUNCTS FOR CHILDREN AGED 3 TO ADULTS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $2,772,582
Program Service Revenue $824,686
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,597,268

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,192,879
Fundraising Expenses $132,452
Program Expenses $2,987,330
Other Expenses $1,289,035
TOTAL EXPENSES $3,481,914

Year-over-Year Comparison

2022 2021 Change
Revenue $3,597,268 $2,271,279 +0.6%
Expenses $3,481,914 $1,968,758 +0.8%
Net Income $115,354 $302,521 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
4
Employees
86
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$161,700
Total Directors
5
$161,700
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SALVATORE SANDONE CEO 40.00
Officer Director
$161,700 $0 $161,700
PHILLIP NANNAY TREASURER 2.00
Director
$0 $0 $0
HEATHER SAPELBWEYER CHAIRPERSON 2.00
Director
$0 $0 $0
PAUL DACOSTA BOARD MEMBER 2.00
Director
$0 $0 $0
SARAH KHAN ATTORNEY 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $3,597,268 $3,481,914 $1,567,403 $115,354
2022 $2,271,279 $1,968,758 $753,717 $302,521
2021 $2,265,129 $2,222,518 $325,219 $42,611
2020 $1,389,785 $1,129,643 $389,467 $260,142
2019 $805,320 $746,934 $60,075 $58,386
2018 $919,612 $856,815 $296,044 $62,797
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