Civic Intelligence

Rapids Sports Foundation

990EZ • Fiscal year 2017 • EIN 47-2569352

Jan 01, 2017 to Dec 31, 2017 • Filed on May 10, 2018

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

96th percentile

1.61x

Higher debt load relative to assets than 96% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

82nd percentile

0.10x

Higher debt load relative to revenue than 82% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

54th percentile

5.2%

Higher net margin than 54% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

97th percentile

474%

Faster asset growth than 97% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

95th percentile

146%

Faster revenue growth than 95% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$9,244

Up $7,633 (+474%) from 2016

Net Assets

Up

-$5,628

Up $7,493 (+57%) from 2016

Liabilities

Up

$14,872

Up $140 (+1.0%) from 2016

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin54th percentile

Revenue

Up

$145,098

Up $86,232 (+146%) from 2016

Expenses

Up

$137,605

Up $75,079 (+120%) from 2016

Net Income

Up

$7,493

Up $11,153 (+305%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

2017

Assets$9,244
Liabilities$14,872
Net Assets-$5,628
Open 2017 Filing

Operations Trend

Revenue Growth95th percentile

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

2017

Revenue$145,098
Expenses$137,605
Net Income$7,493
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 10, 2018
Return Version
2017v2.3
Gross Receipts
$145,098
Mission and Program Overview

Mission

Educate the general public in swimming other sports

Program Services

DescriptionGrantsExpenses
EDUCATE THE GENERAL PUBLIC IN SWIMMING OTHER SPORTS--
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
-PresidentFT$0--
-Secretary-$0--
-Director-$0--
-DirectorFT$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 Min Sung
Title
President
Phone
8182997977
Signed
2018-05-10
Discuss with paid preparer
No

Preparer

Firm
Soohyun Park CPA a Professional Corporation
Address
936 CRENSHAW BLVD STE 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 2,224”

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

“Conferences, conventions, and meetings 16,929”

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

“Supplies 831”

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

“Automobile Expenses 369”

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

“Bank Service Fees 158”

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

“Business Licenses and Permits 101”

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

“Membership Renew 200”

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

“Office Expense 377”

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

“Payroll Tax Expenses 6,171”

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

“Uniform 3,372”

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

“Website 5,214”

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

“Insurance Expense 1,481”

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

“Payroll Liabilities Beginning of year 6,621, End of year 3,703”

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

“Long Term Liablilties Beginning of year 8,111, End of year 11,169”

Raw XML Appendix160 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/BOYAmt01611
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt09244
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0145098
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt07493
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt07050
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
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IRS990EZ/Form990TotalAssetsGrp/EOYAmt09244
IRS990EZ/GrossReceiptsAmt0145098
IRS990EZ/InfoInScheduleOPartIIInd0X
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IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-13121
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-5628
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-13121
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-5628
IRS990EZ/OccupancyRentUtltsAndMaintAmt020460
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0040.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/BusinessName/BusinessNameLine1Txt0ALBERT M SUNG
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/BusinessName/BusinessNameLine1Txt2NAMKOONG KWON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/BusinessName/BusinessNameLine1Txt3SEUNGKI LEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt037427
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0EDUCATE THE GENERAL PUBLIC IN SWIMMING OTHER SPORTS
IRS990EZ/PrintingPublicationsPostageAmt01150
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0EDUCATE THE GENERAL PUBLIC IN SWIMMING OTHER SPORTS
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt071518
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt014732
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt014872
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TotalExpensesAmt0137605
IRS990EZ/TotalRevenueAmt0145098
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0145098
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0145098
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt058866
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt026172
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt085038
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0230136
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0145098
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt058866
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt026172
IRS990ScheduleA/Total509Grp/TotalAmt0230136
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0145098
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt058866
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt026172
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0230136
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Meals and entertainment 2,224
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conferences, conventions, and meetings 16,929
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Supplies 831
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Automobile Expenses 369
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Bank Service Fees 158
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Business Licenses and Permits 101
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Membership Renew 200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Office Expense 377
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Payroll Tax Expenses 6,171
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Uniform 3,372
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Website 5,214
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Insurance Expense 1,481
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Payroll Liabilities Beginning of year 6,621, End of year 3,703
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Long Term Liablilties Beginning of year 8,111, End of year 11,169
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/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Albert Min Sung
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08182997977
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-10
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
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt076.175.50.99
ReturnHeader/FilingSecurityInformation/IPDt02018-05-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm000:43:01
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SOOHYUN PARK CPA A PROFESSIONAL CORPORATION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0936 CRENSHAW BLVD STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOS ANGELES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090019
ReturnHeader/PreparerPersonGrp/PhoneNum02133852051
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SOOHYUN PARK
ReturnHeader/ReturnTs02018-05-10T05:44:00-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,244
Liabilities
$14,872
Net assets
-$5,628
Revenue
$145,098
Expenses
$137,605
Net income
$7,493
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