Civic Intelligence

Rapids Sports Foundation

990EZ • Fiscal year 2015 • EIN 47-2569352

Jan 01, 2015 to Dec 31, 2015 • Filed on May 13, 2016

Organization Profile
3960 Wilshire Blvd Ste 306Los Angeles, CA 90010

(818) 299-7977

Siviq Scores

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

Liabilities / Assets

99th percentile

5.81x

Higher debt load relative to assets than 99% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

91st percentile

0.44x

Higher debt load relative to revenue than 91% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

10th percentile

-36%

Higher net margin than 10% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

80th percentile

$12,132

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 46.4% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Balance Sheet
Liabilities / Assets99th percentile

Assets

$1,966

No earlier filing loaded for comparison.

Net Assets

-$9,461

No earlier filing loaded for comparison.

Liabilities

$11,427

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin10th percentile

Revenue

$26,172

No earlier filing loaded for comparison.

Expenses

$35,633

No earlier filing loaded for comparison.

Net Income

-$9,461

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$20K$10K$0-$10K-$20KAssets 2015: $1,966Liabilities 2015: $11,427Net Assets 2015: -$9,4612015Assets 2016: $1,611Liabilities 2016: $14,732Net Assets 2016: -$13,1212016Assets 2017: $9,244Liabilities 2017: $14,872Net Assets 2017: -$5,6282017Assets 2018: $1,925Liabilities 2018: $11,793Net Assets 2018: -$9,8682018Assets 2019: $7Net Assets 2019: $72019Assets 2020: $364Net Assets 2020: $3642020Assets 2021: $164Net Assets 2021: $1642021Assets 2022: $14Liabilities 2022: $02022

Highlighted filing

2015

Assets$1,966
Liabilities$11,427
Net Assets-$9,461
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$150K$100K$50K$0-$50KRevenue 2015: $26,172Expenses 2015: $35,633Net Income 2015: -$9,4612015Revenue 2016: $58,866Expenses 2016: $62,526Net Income 2016: -$3,6602016Revenue 2017: $145,098Expenses 2017: $137,605Net Income 2017: $7,4932017Revenue 2018: $25,698Expenses 2018: $29,836Net Income 2018: -$4,1382018Revenue 2019: $27,505Expenses 2019: $27,482Net Income 2019: $232019Revenue 2020: $1,227Expenses 2020: $870Net Income 2020: $3572020Expenses 2021: $2002021Revenue 2022: $0Expenses 2022: $150Net Income 2022: -$1502022

Highlighted filing

2015

Revenue$26,172
Expenses$35,633
Net Income-$9,461
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 13, 2016
Return Version
2015v2.1
Gross Receipts
$26,172
Mission and Program Overview

Mission

Educate the general public in swimming other sports

Program Services

DescriptionGrantsExpenses
EDUCATE THE GENERAL PUBLIC IN SWIMMING OTHER SPORTS-$35,631
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
-PresidentFT$12,132-$12,132
-Secretary-$0--
-Director-$0--
-Director-$0--
Filing and Contact Details

Filer

Filer Name
Rapids Sports Foundation
EIN
47-2569352
Address
3960 WILSHIRE BLVD STE 306, LOS ANGELES, CA 90010

Signing Officer

Name
Albert M Sung
Title
President
Phone
8182997977
Signed
2016-05-13
Discuss with paid preparer
No

Preparer

Firm
Soo Hyun park CPA A Professional Corporation
Address
936 Crenshaw Blvd 300, Los Angeles, CA 90019
Preparer
Soohyun Park
Phone
2133852051
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16, Other Expenses

“Meals and entertainment 844”

Form 990-EZ, Part I, Line 16, Other Expenses

“Conferences, conventions, and meetings 7,345”

Form 990-EZ, Part I, Line 16, Other Expenses

“Supplies 1,828”

Form 990-EZ, Part I, Line 16, Other Expenses

“Automobile Expenses 131”

Form 990-EZ, Part I, Line 16, Other Expenses

“Bank Service Fees 3”

Form 990-EZ, Part I, Line 16, Other Expenses

“Business Licenses and Permits 30”

Form 990-EZ, Part I, Line 16, Other Expenses

“Dues 164”

Form 990-EZ, Part I, Line 16, Other Expenses

“Membership Renew 1,189”

Form 990-EZ, Part I, Line 16, Other Expenses

“Office Expense 362”

Form 990-EZ, Part I, Line 16, Other Expenses

“Payroll Tax Expenses 3,249”

Form 990-EZ, Part I, Line 16, Other Expenses

“Uniform 891”

Form 990-EZ, Part I, Line 16, Other Expenses

“Website 995”

Form 990-EZ, Part II, Line 26, Liabilities

“Payroll Liabilities Beginning of year 0, End of year 3,315”

Form 990-EZ, Part II, Line 26, Liabilities

“Long Term Liablilties Beginning of year 0, End of year 8,112”

Raw XML Appendix155 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0ALBERT M SUNG
IRS990EZ/BooksInCareOfDetail/PhoneNum08182997977
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt03960 WILSHIRE BLVD STE 306
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LOS ANGELES
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd090010
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt01966
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-9461
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0950
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt01966
IRS990EZ/GrossReceiptsAmt026172
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitialReturnInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-9461
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-9461
IRS990EZ/OccupancyRentUtltsAndMaintAmt05520
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1001.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2001.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3001.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/BusinessName/BusinessNameLine1Txt0ALBERT M SUNG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/BusinessName/BusinessNameLine1Txt1YOUNG JIN PARK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/BusinessName/BusinessNameLine1Txt2NAMKOONG KWON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/BusinessName/BusinessNameLine1Txt3SUNHYE CHO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt012132
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt017031
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0EDUCATE THE GENERAL PUBLIC IN SWIMMING OTHER SPORTS
IRS990EZ/ProgramServiceRevenueAmt026172
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0EDUCATE THE GENERAL PUBLIC IN SWIMMING OTHER SPORTS
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt035631
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt012132
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt011427
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TotalExpensesAmt035633
IRS990EZ/TotalProgramServiceExpensesAmt035631
IRS990EZ/TotalRevenueAmt026172
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt026172
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt026172
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt026172
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt026172
IRS990ScheduleA/Total509Grp/TotalAmt026172
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt026172
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt026172
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Meals and entertainment 844
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conferences, conventions, and meetings 7,345
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Supplies 1,828
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Automobile Expenses 131
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Bank Service Fees 3
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Business Licenses and Permits 30
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Dues 164
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Membership Renew 1,189
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Office Expense 362
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Payroll Tax Expenses 3,249
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Uniform 891
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Website 995
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Payroll Liabilities Beginning of year 0, End of year 3,315
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Long Term Liablilties Beginning of year 0, End of year 8,112
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990-EZ, Part II, Line 26, Liabilities
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990-EZ, Part II, Line 26, Liabilities
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0ALBERT M SUNG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08182997977
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RAPIDS SPORTS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0RAPI
ReturnHeader/Filer/EIN0472569352
ReturnHeader/Filer/USAddress/AddressLine1Txt03960 WILSHIRE BLVD STE 306
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090010
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Soo Hyun park CPA A Professional Corporation
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0936 Crenshaw Blvd 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Los Angeles
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090019
ReturnHeader/PreparerPersonGrp/PhoneNum02133852051
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Soohyun Park
ReturnHeader/ReturnTs02016-05-13T02:17:04-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,966
Liabilities
$11,427
Net assets
-$9,461
Revenue
$26,172
Expenses
$35,633
Net income
-$9,461
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.01$0.01$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.28$0.27$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.02$0.12$0.10$0.26$0.30$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.09$0.15$0.06$1.45$1.38$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.02$0.15$0.13$0.59$0.63$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.02$0.11$0.09$0.26$0.36$0.09