Civic Intelligence

Rap Snacks Foundation Inc.

990EZ • Fiscal year 2021 • EIN 83-0781316

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

Organization ProfileTHERAPSNACKSFOUNDATION.ORG
150 SE 2nd Ave Ph6Miami, FL 33130

(305) 498-1022

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

65th percentile

20%

Higher net margin than 65% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

89th percentile

$38,000

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 21.4% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

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

Source year 2021

Revenue Growth

Score unavailable

No value available

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

Source year 2021

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

$27,953

No earlier filing loaded for comparison.

Net Assets

$27,953

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin65th percentile

Revenue

$177,754

No earlier filing loaded for comparison.

Expenses

$141,859

No earlier filing loaded for comparison.

Net Income

$35,895

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.

$30K$20K$10K$0Assets 2021: $27,953Net Assets 2021: $27,9532021Assets 2022: $19,736Net Assets 2022: $19,7362022Assets 2023: $3,942Net Assets 2023: $3,9422023Assets 2024: $6,503Liabilities 2024: $0Net Assets 2024: $6,5032024

Highlighted filing

2021

Assets$27,953
Liabilities-
Net Assets$27,953
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0-$100KRevenue 2021: $177,754Expenses 2021: $141,859Net Income 2021: $35,8952021Revenue 2022: $115,151Expenses 2022: $123,368Net Income 2022: -$8,2172022Revenue 2023: $133,546Expenses 2023: $149,343Net Income 2023: -$15,7972023Revenue 2024: $204,037Expenses 2024: $201,475Net Income 2024: $2,5622024

Highlighted filing

2021

Revenue$177,754
Expenses$141,859
Net Income$35,895
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.0
Gross Receipts
$177,754
Mission and Program Overview

Mission

Teaching the spirit of entrepeneurship to inspire creative ways for young men and women and youth from under resourced communities to solve social problems

Program Services

DescriptionGrantsExpenses
BOSS UP INITIATIVE IS A REAL WORLD EXPERIENTIAL ENTREPENERUSHIP PROGRAM THAT TEACHES PARTICIPANTS HOW TO PLAN, START AND RUN PROFITABLE BUSINESSES BY OFFERING ONE ON ONE MENTORSHIPS AND GROUP LECTURES AND CLASSES.-$130,399
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
TIMOTHY GRIMESOfficer-$38,000-$38,000
TAYLOR MCCAINSecretary-$0--
JAMES LINDSAYProgram Dire-$0--
DEAETTA GRINNAGEOfficer-$0--
Filing and Contact Details

Filer

Filer Name
Rap Snacks Foundation Inc
EIN
83-0781316
Phone
3054981022
Address
150 SE 2ND AVE PH6, MIAMI, FL 33130

Signing Officer

Name
Timothy Grimes
Title
Officer
Phone
3054981022
Signed
2022-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Sheer & Company
Address
3350 SW 27 AVE SUITE1602, MIAMI, FL 33133
Preparer
Emery B Sheer CPA
Phone
3054981022
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses 56,380 office expenses 590 automobile expenses 100 award and grants 1,000 contracted services 39,250 dues and subscriptions 5,650 licenses and fees 40 meals 3,734 bank charges 80 postage 715 software and apps 1,066 supplies 2,137 travel 8,879 mentorship 4,000 total 123,621”

Form 990-ez, Part II, Line 26

“Other liabilities 8,010 0”

Form 990-ez, Part III

“Teaching the spirit of entrepeneurship to inspire creative ways for young men and women and youth from under resourced communities to solve social problems”

Raw XML Appendix131 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/PersonNm0TIMOTHY GRIMES
IRS990EZ/BooksInCareOfDetail/PhoneNum03054981022
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0150 SE 2ND AVE
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt0PH6
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MIAMI
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd033130
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt068
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt027953
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0177754
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt035895
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0688
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt068
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IRS990EZ/GrossReceiptsAmt0177754
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt038000
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0TIMOTHY GRIMES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1TAYLOR MCCAIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JAMES LINDSAY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3DEAETTA GRINNAGE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0OFFICER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PROGRAM DIRE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3OFFICER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0123621
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TEACHING THE SPIRIT OF ENTREPENEURSHIP TO INSPIRE CREATIVE WAYS FOR YOUNG MEN AND WOMEN AND YOUTH FROM UNDER RESOURCED COMMUNITIES TO SOLVE SOCIAL PROBLEMS
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0BOSS UP INITIATIVE IS A REAL WORLD EXPERIENTIAL ENTREPENERUSHIP PROGRAM THAT TEACHES PARTICIPANTS HOW TO PLAN, START AND RUN PROFITABLE BUSINESSES BY OFFERING ONE ON ONE MENTORSHIPS AND GROUP LECTURES AND CLASSES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0130399
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0FL
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt08010
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0141859
IRS990EZ/TotalProgramServiceExpensesAmt0130399
IRS990EZ/TotalRevenueAmt0177754
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0THERAPSNACKSFOUNDATION.ORG
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0177754
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0177754
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0177754
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0177754
IRS990ScheduleA/Total509Grp/TotalAmt0177754
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0177754
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0177754
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/ExplanationTxt0EXPENSES 56,380 OFFICE EXPENSES 590 AUTOMOBILE EXPENSES 100 AWARD AND GRANTS 1,000 CONTRACTED SERVICES 39,250 DUES AND SUBSCRIPTIONS 5,650 LICENSES AND FEES 40 MEALS 3,734 BANK CHARGES 80 POSTAGE 715 SOFTWARE AND APPS 1,066 SUPPLIES 2,137 TRAVEL 8,879 MENTORSHIP 4,000 TOTAL 123,621
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OTHER LIABILITIES 8,010 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TEACHING THE SPIRIT OF ENTREPENEURSHIP TO INSPIRE CREATIVE WAYS FOR YOUNG MEN AND WOMEN AND YOUTH FROM UNDER RESOURCED COMMUNITIES TO SOLVE SOCIAL PROBLEMS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIMOTHY GRIMES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum03054981022
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RAP SNACKS FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0RAPS
ReturnHeader/Filer/EIN0830781316
ReturnHeader/Filer/PhoneNum03054981022
ReturnHeader/Filer/USAddress/AddressLine1Txt0150 SE 2ND AVE PH6
ReturnHeader/Filer/USAddress/CityNm0MIAMI
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033130
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0592412733
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHEER & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03350 SW 27 AVE SUITE1602
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIAMI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033133
ReturnHeader/PreparerPersonGrp/PhoneNum03054981022
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EMERY B SHEER CPA
ReturnHeader/ReturnTs02022-11-16T08:41:04-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TIMOTHY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GRIMES
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,953
Liabilities
-
Net assets
$27,953
Revenue
$177,754
Expenses
$141,859
Net income
$35,895
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$2.04$2.01$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.04$0.04$1.34$1.49$0.16
2022Detailed filing. Detailed filing data is available for this year.$0.20$0.20$1.15$1.23$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.28$0.28$1.78$1.42$0.36