Budo Accelerator INC FY2021 filing

Tax-deductible

Irvine, CA501(c)(3)Recreation & SportsEIN 84-3025305Revenue $207K in FY2021

On file with the IRSbudoaccelerator.org17777 Main St Ste G, 92614-6705 · Irvine, CATax-exempt since Dec 2019Publicly supported — 509(a)(2)

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Leadership development for youth through martial arts.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
$100K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $20K a year · 10% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$100K
to officers and key staff · 71% of spending
Concern: pay to officers and key staff is 71% of spending; over 30%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $80K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$38K
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$207K
Spent
$141K
To programs
65%
Net assets
$60K
By yearFY2021–FY2025
Revenue
$207K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$207K
FY2022$135K
FY2023$122K
FY2024$225K
FY2025$194K
Expenses
$141K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$141K
FY2022Not on file
FY2023Not on file
FY2024$220K
FY2025$206K
Net assets
$60K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$60K
FY2022$24K
FY2023$1K
FY2024$6K
FY2025−$6K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $91K Management & general 35% · $49K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $100K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$100,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Director and Instructor
$0Pt VII · Sec A
Program Operations Director
$0Pt VII · Sec A
Program Design Director
$0Pt VII · Sec A

Josh Gold’s $54K as Chief Executive Officer and Board Director is at the 65th percentile of top reported officer pay among 1017 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Josh Gold$53,846$100,000$101,983$105,228$100,000
Wes Jarrell$48,550$30,400———
Setsuko Okumura$16,892————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Budo Accelerator INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops young leaders through martial arts training and mentorship.

Provided by the organization

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1 program · $91K · in their own filed words · FY2021
01

Leadership development for youth through martial arts. As a result of this year's activities the following results were accomplished: 94% of students demonstrate gains in creativity and innovation, 88% of students demonstrate gains in communication, critical thinking, and problem solving, 82% of students demonstrate gains in…

$91Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$207K
Ln 12
Gifts and grantsLn 1h$207K
Investment incomeLn 3$5
Money outPt IX
$141K
Ln 25
Programscol B$91K
Managementcol C$49K
Owns and owesPt X
$60K
net assets · Ln 32
Cash and savingsLn 1–2$98K
Total assetsLn 16$98K
LiabilitiesLn 26$38K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$207K
Government grantsLn 1e$17K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$5
Total revenueLn 12$207K
Assets in detailPt X, end of year
CashLn 1$83
SavingsLn 2$97K
Cash and savings togetherLn 1–2$98K
InvestmentsLn 11–13$0
Other assetsLn 15$0
Total assetsLn 16$98K
LiabilitiesLn 26$38K
Net assetsLn 32$60K
OperationsPt I, VI
EmployeesI 51
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$31K$98K
InvestmentsLn 11–13$0$0
Total assetsLn 16$31K$98K
LiabilitiesLn 26$38K$38K
Net assetsLn 32−$7K$60K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$100K$100K
Payroll taxesLn 10$8K$8K
Legal feesLn 11b$270$270
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$339$339
Office expensesLn 13$4K$4K
Information technologyLn 14$3K$3K
TravelLn 17$8K$8K
Conferences, conventions and meetingsLn 19$4K$4K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$5K$91K−$87K$0
Total functional expensesLn 25$141K$91K$49K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $194K$206K−$11K−$6K 990 PDF
FY2024 $225K$220K$5K$6K 990 PDF
FY2023 $122K$1K 990 PDF
FY2022 $135K$24K 990 PDF
FY2021 Viewing $207K$141K$66K$60K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $206,790 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $112,311$206,785
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $5$5
I-11 Other revenue$0
I-12 Total revenuePrior year $112,316$206,790
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $79,430$107,895
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $39,509$32,728
I-18 Total expensesPrior year $118,939$140,623
I-19 Revenue less expensesPrior year −$6,623$66,167
Part VI · Governance 2 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $206,790 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$16,772
VIII-1f All other contributions, gifts and grants$190,013
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$206,785
VIII-3 Investment incomeRelated to mission $5 · Unrelated business $0 · Excluded from tax $0$5
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $5 · Unrelated business $0 · Excluded from tax $0$206,790
Part IX · Statement of functional expenses $140,623 across 12 lines filed
IX-5 Pay of current officers, directors and key staffManagement $100,000$100,000
IX-10 Payroll taxesManagement $7,895$7,895
IX-11b Legal feesManagement $270$270
IX-11c Accounting feesManagement $1,222$1,222
IX-11g Other fees for servicesManagement $1,171$1,171
IX-12 Advertising and promotionManagement $339$339
IX-13 Office expensesManagement $4,378$4,378
IX-14 Information technologyManagement $2,536$2,536
IX-17 TravelManagement $8,271$8,271
IX-19 Conferences, conventions and meetingsManagement $4,500$4,500
IX-23 InsuranceManagement $5,422$5,422
IX-24 Other expenses (24a–d)Programs $91,405 · Management −$86,786 · Fundraising $0$4,619
IX-25 Total functional expensesPrograms $91,405 · Management $49,218 · Fundraising $0$140,623
Part X · Balance sheet $97,560 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,313$83
X-2 Savings and temporary cash investmentsStart of year $30,080$97,477
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $31,393$97,560
X-18 Grants payableStart of year $37,991$37,991
X-26 Total liabilitiesStart of year $37,991$37,991
X-32 Total net assets or fund balancesStart of year −$6,598$59,569
X-33 Total liabilities and net assetsStart of year $31,393$97,560
Part XI · Reconciliation of net assets $59,569 net assets at year end
XI-1 Total revenue$206,790
XI-2 Total expenses$140,623
XI-3 Revenue less expenses$66,167
XI-4 Net assets at start of year−$6,598
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$59,569

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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