Syracuse Karate Foundation Inc

Syracuse Karate Foundation Inc is a 501(c)(3) nonprofit organization located in New York, specifically focused on supporting and developing young athletes interested in karate, with the goal of nurturing local youth into Olympic karate athletes.

Mission and Activities

• Mission: The foundation aims to support and nurture the dreams of local youth in becoming Olympic karate athletes by providing them with the necessary training and resources.
• Activities: While it focuses on karate and aims to prepare young individuals from a range of ages, the organization does not operate programs directly. However, its mission aligns with the broader community of martial arts organizations in Syracuse.

Tax Status and Exemption

The foundation was granted tax-exempt status by the Internal Revenue Service (IRS) in July 2018. It is classified under the category of Recreation, Sports, Leisure, Athletics and is categorized as an NTEE N70 organization. The foundation operates under the 509(a)(2) rule, meaning it primarily derives its support from contributions, fees, and gross receipts related to exempt purposes rather than from investments.

Classification and Operations

• Classification: It operates as a charitable organization and is classified as an independent organization.
• Operations: Despite its focus on supporting youth in martial arts, particularly karate, specific operational details about its programs or partnerships are not widely documented.

Financial Status

As per its tax filings, the organization has reported no assets, income, or revenue in recent years. It is required to file Form 990-N due to its annual income being less than $25,000.

Distinction from Similar Organizations

While not directly affiliated with Syracuse Martial Arts Kenkyukai, both entities share a common interest in martial arts in the Syracuse area. However, Syracuse Martial Arts Kenkyukai is a distinct organization known for its affiliation with the Okinawa Goju-ryu Karate-do Kenkyukai and its presence in local and international competitions.