Civic Intelligence

Tap Inc

990 • Fiscal year 2015 • EIN 36-4679803

Jan 01, 2015 to Dec 31, 2015 • Filed on May 12, 2016

1063 Hyde CourtMobile, AL 36608

(305) 479-3247

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

16th percentile

0.00x

Higher debt load relative to revenue than 16% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

98th percentile

92%

Higher net margin than 98% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

100th percentile

45011%

Faster asset growth than 100% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

100th percentile

9558%

Faster revenue growth than 100% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$4,003,118

Up $3,994,244 (+45011%) from 2014

Net Assets

Up

$3,992,441

Up $3,983,567 (+44890%) from 2014

Liabilities

Up

$10,677

Up $10,677 from 2014

Revenue

Up

$4,317,115

Up $4,272,415 (+9558%) from 2014

Expenses

Up

$333,549

Up $299,485 (+879%) from 2014

Net Income

Up

$3,983,566

Up $3,972,930 (+37354%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2014: $8,874Liabilities 2014: $0Net Assets 2014: $8,8742014Assets 2015: $4,003,118Liabilities 2015: $10,677Net Assets 2015: $3,992,4412015Assets 2016: $197,247Liabilities 2016: $3,081Net Assets 2016: $194,1662016Assets 2017: $13,066Liabilities 2017: $2,776Net Assets 2017: $10,2902017Assets 2018: $6,360Liabilities 2018: $0Net Assets 2018: $6,3602018Assets 2019: $13,388Liabilities 2019: $2,609Net Assets 2019: $10,7792019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2015

Assets$4,003,118
Liabilities$10,677
Net Assets$3,992,441

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$5.0M$0-$5.0MRevenue 2014: $44,700Expenses 2014: $34,064Net Income 2014: $10,6362014Revenue 2015: $4,317,115Expenses 2015: $333,549Net Income 2015: $3,983,5662015Revenue 2016: $60,834Expenses 2016: $3,859,109Net Income 2016: -$3,798,2752016Revenue 2017: $139,352Expenses 2017: $164,321Net Income 2017: -$24,9692017Revenue 2018: $93,040Expenses 2018: $96,970Net Income 2018: -$3,9302018Revenue 2019: $218,625Expenses 2019: $210,529Net Income 2019: $8,0962019Revenue 2020: $127,500Expenses 2020: $125,765Net Income 2020: $1,7352020Revenue 2021: $40,307Expenses 2021: $36,329Net Income 2021: $3,9782021Revenue 2022: $50,000Expenses 2022: $35,434Net Income 2022: $14,5662022Revenue 2023: $50,000Expenses 2023: $24,154Net Income 2023: $25,8462023

Highlighted filing

2015

Revenue$4,317,115
Expenses$333,549
Net Income$3,983,566
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 12, 2016
Return Version
2015v2.1
Gross Receipts
$4,317,115
Mission and Program Overview

Mission

The mission of tap is to prepare student athletes to succeed in life outside of athletics.

Prepare student athletes to succeed in life outside of athletics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$8,875$4,003,118▲ $3,994,243
Total Assets$8,875$4,003,118▲ $3,994,243
Liabilities
Accounts Payable and Accrued Expenses-$10,677-
Total Liabilities$0$10,677▲ $10,677
Net Assets / Fund Balance
Unrestricted Net Assets$8,875$3,992,441▲ $3,983,566
Total Net Assets Fund Balance$8,875$3,992,441▲ $3,983,566
Total Liabilities and Net Assets / Fund Balance$8,875$4,003,118▲ $3,994,243
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tim FinniganPresident
Desyree DixonVice President
Greg ThompsonDirector
Christopher RogersFounder/CEO
Marquis HeathSecretary
Rick LeeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,317,115
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$4,317,115
Change in Net Assets
$3,983,566
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$277,506
Grants and Similar Amounts Paid$56,043
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$56,043--$56,043
Travel$15,170--$15,170
Fees for Services Management$7,485--$7,485
Office Expenses-$5,149-$5,149
Other Expenses$244,790$2,520-$2,520
Occupancy$1,749--$1,749
Insurance-$325-$325
Fees for Services Other-$318-$318
Total Functional Expenses$325,237$8,312$0$333,549
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Birmingham Athletic Club--Donation$10,000
Huffman High School--Donation$10,000
Ymca--Donation$7,500
Wahouma Seminoles--Donation$6,600
Birmingham Civil Rights Institute--Donation$5,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The 990 is reviewed by a director and made available to board and executive committee after filing.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Tap Inc
EIN
36-4679803
Phone
3054793247
Address
1063 HYDE COURT, MOBILE, AL 36608

Signing Officer

Name
Chris Rogers
Title
Officer
Phone
3054793247
Signed
2016-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Rogers
Formed
2014
Legal Domicile
Al
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Jamison Money Farmer Pc
Address
PO BOX 2347, TUSCALOOSA, AL 35403
Preparer
Stacie a Kirkland
Phone
2053458440
Raw XML Appendix316 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/PreparerPersonGrp/PhoneNum02053458440
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STACIE A KIRKLAND
ReturnHeader/ReturnTs02016-05-16T10:13:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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