Nonprofit · EIN 85-0415080
NEW MEXICO KARATE ASSOCIATION INC
Tax-exempt · ALBUQUERQUE, NM 87113
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $78,967 | $94,777 | -$15,810 | $19,339 | $113,000 | -$93,661 |
| December 31, 2024 | 990-EZ | $110,350 | $97,448 | $12,902 | $35,149 | $103,000 | -$67,851 |
| December 31, 2023 | 990-EZ | $73,620 | $72,129 | $1,491 | $22,247 | $73,000 | -$50,753 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $121
- Membership dues
- $70,503
- Program service revenue
- $8,343
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $20,000
- Salaries, compensation and benefits (total)
- $21,530
- Occupancy
- $53,103
- Printing, publications and postage
- $1,450
- Other expenses
- $18,694
Balance sheet and other
- Total assets, start of year
- $35,149
- Total assets, end of year
- $19,339
- Total liabilities, end of year
- $113,000
- Net assets, end of year
- -$93,661
- Cash, savings and investments
- $19,339
- Gross receipts
- $78,967
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Yasuaki Nagatomo | Chief Instructor | 40 | $20,000 |
| Jeffrey Sollins | President, Director | 0 | $0 |
| Albert Thiel | Treasurer, Director | 1 | $0 |
| Richard Alberti | Secretary, Director | 0.2 | $0 |
990-EZ for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jeffrey Sollins | President, Director | 0 | $0 |
| Albert Thiel | Treasurer, Director | 1 | $0 |
| Richard Alberti | Secretary, Director | 0.2 | $0 |
| Yasuaki Nagatomo | Chief Instructor | 40 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Yasuaki Nagatomo | Chief Instructor | 40 | $10,000 |
| Jeffrey Sollins | President, Director | 0 | $0 |
| Albert Thiel | Treasurer, Director | 1 | $0 |
| Richard Alberti | Secretary, Director | 0.2 | $0 |
Address and contacts
- Address (IRS master file)
- 6501 EAGLE ROCK AVE NE A-1, ALBUQUERQUE, NM 87113-2478
- In care of
- % ALBERT THIEL
- Signed the 990-EZ
- Albert Thiel, Treasurer/Director
- Phone
- (505) 256-0700
- Website
- www.stancefinder.com
Mission
Karate Club
Program accomplishments
- Training in traditional JKA style karate, organization of dojo tournaments, participation in regional and national camps, examination for ranking and qualifications, instructor training.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 85-0415080
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $19,339
- Income (IRS master file)
- $78,967
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $78,967 | $94,777 | $19,339 | IRS |
| 990-EZ | December 2024 | $110,350 | $97,448 | $35,149 | IRS |
| 990-EZ | December 2023 | $73,620 | $72,129 | $22,247 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-0415080).
Questions about NEW MEXICO KARATE ASSOCIATION INC
- What is the EIN of NEW MEXICO KARATE ASSOCIATION INC?
- The employer identification number (EIN) of NEW MEXICO KARATE ASSOCIATION INC is 85-0415080.
- Is NEW MEXICO KARATE ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1995.
- Are donations to NEW MEXICO KARATE ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEW MEXICO KARATE ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW MEXICO KARATE ASSOCIATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW MEXICO KARATE ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of NEW MEXICO KARATE ASSOCIATION INC?
- The 990-EZ for the year ended December 31, 2025 lists 4 people; 1 received compensation from the organization, the highest $20,000 (Yasuaki Nagatomo, Chief Instructor).
- How much revenue does NEW MEXICO KARATE ASSOCIATION INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $78,967, expenses of $94,777 and total assets of $19,339 at year end.
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