Asgard Fencers FY2022 filing

Tax-deductible

San Jose, CA501(c)(3)Recreation & SportsEIN 94-2879267Revenue $558K in FY2022

On file with the IRSfencing.com1329 Blossom Hill Rd, 95118-3801 · San Jose, CATax-exempt since Nov 2022Publicly supported — 509(a)(2)

This page gets seen. Tell your story. Claim this org.

Developing the art and sport of fencing at the local, regional, national and international levels.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$87K 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

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $45K a year · 7% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$87K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$210K
66% of total assets
Worth a look: liabilities are 66% of assets; over 65%.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$558K
-23% vs prior year
Spent
$663K
To programs
76%
Net assets
$106K
By yearFY2020–FY2024
Revenue
$558K
FY2022▼ -23%
Tap a bar for its year
Revenue by fiscal year
FY2020$417K
FY2021$727K
FY2022$558K
FY2023$675K
FY2024$708K
Expenses
$663K
FY2022▲ +0.9%
Tap a bar for its year
Expenses by fiscal year
FY2020$422K
FY2021$657K
FY2022$663K
FY2023$670K
FY2024$896K
Net assets
$106K
FY2022▼ -50%
Tap a bar for its year
Net assets by fiscal year
FY2020$141K
FY2021$212K
FY2022$106K
FY2023$111K
FY2024−$77K

From the FY2022 Form 990 · see the original

Give Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2018-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Nov 2022.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $503K Management & general 24% · $160K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

6 people listed on the 990; $87K paid to officers and key staff.

Part VII, Section A · reportable compensation
Treasurer & Coach
$42,037Pt VII · Sec A
$41,070Pt VII · Sec A
Director & Coach
$4,345Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Walbert Mendoza’s $109K as Coach is at the 94th 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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Walbert Mendoza$108,788————
Michael C Botenhagen$89,559$82,432$42,037$45,070$49,390
Sandeep Tiwari——$41,070$87,602$65,276
Phil Mann———$24,577—
Connie Yu——$4,345$3,468$6,249

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 Asgard Fencers executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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 15aNo
  • Loans to or from officersSch L · Pt II5 listed

Programs and updates

Promotes and develops fencing at all levels, from local to international.

Questions for Asgard Fencers

Tap to ask. Asgard Fencers sees how many people are interested.

Your first name shows with your question. Asgard Fencers answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $503K · in their own filed words · FY2022
01

Our goal is to grow well-rounded students. Mastery in fencing is as much about emotional prowess and resilience as it is about technique and physical skill. We are a three-weapons club; with epee, saber, and foil.

$503Kprogram 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
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$558K
Ln 12
Fees for servicesLn 2g$544K
Gifts and grantsLn 1h$14K
Money outPt IX
$663K
Ln 25
Programscol B$503K
Managementcol C$160K
Owns and owesPt X
$106K
net assets · Ln 32
Cash and savingsLn 1–2$31K
Total assetsLn 16$316K
LiabilitiesLn 26$210K
PeoplePt VI, VII
6
listed · VII A
PaidVII A3
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14K
Fees for servicesLn 2g$544K
Total revenueLn 12$558K
Assets in detailPt X, end of year
CashLn 1$31K
Cash and savings togetherLn 1–2$31K
Land, buildings, equipmentLn 10c$48K
Other assetsLn 15$102K
Total assetsLn 16$316K
LiabilitiesLn 26$210K
Net assetsLn 32$106K
OperationsPt I, VI
EmployeesI 513
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$87K$31K
Land, buildings, equipmentLn 10c$34K$48K
Total assetsLn 16$212K$316K
LiabilitiesLn 26$0$210K
Net assetsLn 32$212K$106K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$559$559
Pay of current officers, directors and key staffLn 5$87K$81K$6K
Other salaries and wagesLn 7$174K$141K$33K
Other employee benefitsLn 9$38K$32K$6K
Payroll taxesLn 10$25K$22K$4K
Legal feesLn 11b$25K$25K
Accounting feesLn 11c$36K$36K
Other fees for servicesLn 11g$7K$7K
Advertising and promotionLn 12$24K$20K$4K
Office expensesLn 13$24K$21K$4K
OccupancyLn 16$173K$147K$26K
TravelLn 17$10K$8K$1K
Depreciation, depletion and amortizationLn 22$10K$10K
Other expenses (24a–d)Ln 24$29K$24K$5K
Total functional expensesLn 25$663K$503K$160K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $708K$896K−$188K−$77K 990 PDF
FY2023 $675K$670K$5K$111K 990 PDF
FY2022 Viewing $558K$663K−$105K$106K 990 PDF
FY2021 $727K$657K$71K$212K 990 PDF
FY2020 $417K$422K−$5K$141K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2022 990 (6 parts)
Part I · Summary $557,681 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $80,008$13,800
I-9 Program service revenuePrior year $712,418$543,881
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year −$64,929$0
I-12 Total revenuePrior year $727,497$557,681
I-13 Grants and similar amounts paidPrior year $0$559
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $449,073$324,271
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $207,812$338,034
I-18 Total expensesPrior year $656,885$662,864
I-19 Revenue less expensesPrior year $70,612−$105,183
Part VI · Governance 4 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $557,681 across 4 lines filed
VIII-1f All other contributions, gifts and grants$13,800
VIII-1h Total contributions, gifts and grants$13,800
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $543,881$543,881
VIII-12 Total revenueRelated to mission $543,881 · Unrelated business $0 · Excluded from tax $0$557,681
Part IX · Statement of functional expenses $662,864 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $559$559
IX-5 Pay of current officers, directors and key staffPrograms $81,292 · Management $6,161$87,453
IX-7 Other salaries and wagesPrograms $140,520 · Management $33,457$173,977
IX-9 Other employee benefitsPrograms $31,915 · Management $5,632$37,547
IX-10 Payroll taxesPrograms $21,500 · Management $3,794$25,294
IX-11b Legal feesManagement $24,868$24,868
IX-11c Accounting feesManagement $35,891$35,891
IX-11g Other fees for servicesPrograms $7,012$7,012
IX-12 Advertising and promotionPrograms $20,142 · Management $3,554$23,696
IX-13 Office expensesPrograms $20,516 · Management $3,620$24,136
IX-16 OccupancyPrograms $147,313 · Management $25,996$173,309
IX-17 TravelPrograms $8,076 · Management $1,425$9,501
IX-22 Depreciation, depletion and amortizationManagement $10,435$10,435
IX-24 Other expenses (24a–d)Programs $23,913 · Management $5,273$29,186
IX-25 Total functional expensesPrograms $502,758 · Management $160,106 · Fundraising $0$662,864
Part X · Balance sheet $316,136 assets, 10 lines filed
Asset lines not itemized here account for $135,080; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $87,309$30,562
X-10c Land, buildings and equipment, netStart of year $34,260$48,494
X-15 Other assetsStart of year $0$102,000
X-16 Total assetsStart of year $211,606$316,136
X-17 Accounts payable and accrued expenses$18,000
X-24 Unsecured notes and loans payable$100,000
X-26 Total liabilitiesStart of year $0$209,713
X-27 Net assets without donor restrictionsStart of year $211,606$106,423
X-32 Total net assets or fund balancesStart of year $211,606$106,423
X-33 Total liabilities and net assetsStart of year $211,606$316,136
Part XI · Reconciliation of net assets $106,423 net assets at year end
XI-1 Total revenue$557,681
XI-2 Total expenses$662,864
XI-3 Revenue less expenses−$105,183
XI-4 Net assets at start of year$211,606
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$106,423

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.