Civic Intelligence

Rap Snacks Foundation Inc.

990EZ • Fiscal year 2022 • EIN 83-0781316

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

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 2022

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2022

Net Margin

29th percentile

-7.1%

Higher net margin than 29% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

17th percentile

-29%

Faster asset growth than 17% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

16th percentile

-35%

Faster revenue growth than 16% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$19,736

Down $8,217 (-29%) from 2021

Net Assets

Down

$19,736

Down $8,217 (-29%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin29th percentile

Revenue

Down

$115,151

Down $62,603 (-35%) from 2021

Expenses

Down

$123,368

Down $18,491 (-13%) from 2021

Net Income

Down

-$8,217

Down $44,112 (-123%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

2022

Assets$19,736
Liabilities-
Net Assets$19,736
Open 2022 Filing

Operations Trend

Revenue Growth16th percentile

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

2022

Revenue$115,151
Expenses$123,368
Net Income-$8,217
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$115,151
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.-$107,035
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
TIMOTHY GRIMESOfficerFT$0--
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
2023-11-15
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 advertising 2,733 office expenses 1,065 contracted services 66,000 meals 47 supplies 1,000 travel 99 mentorship 24,424 total 95,368”

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 Appendix132 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
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/BOYAmt027953
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt019736
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0115151
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-8217
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt05000
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt027953
IRS990EZ/Form990TotalAssetsGrp/EOYAmt019736
IRS990EZ/GrossReceiptsAmt0115151
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt027953
IRS990EZ/NetAssetsOrFundBalancesEOYAmt019736
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt019736
IRS990EZ/OccupancyRentUtltsAndMaintAmt023000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
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/OtherExpensesTotalAmt095368
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/ProgramServiceExpensesAmt0107035
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0FL
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0123368
IRS990EZ/TotalProgramServiceExpensesAmt0107035
IRS990EZ/TotalRevenueAmt0115151
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0THERAPSNACKSFOUNDATION.ORG
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0115151
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0177754
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0292905
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0292905
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0115151
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0177754
IRS990ScheduleA/Total509Grp/TotalAmt0292905
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0115151
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0177754
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0292905
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 ADVERTISING 2,733 OFFICE EXPENSES 1,065 CONTRACTED SERVICES 66,000 MEALS 47 SUPPLIES 1,000 TRAVEL 99 MENTORSHIP 24,424 TOTAL 95,368
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TEACHING 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 III
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIMOTHY GRIMES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum03054981022
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
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/IRSResponsiblePrtyInfoCurrInd0true
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/PreparationDt02023-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EMERY B SHEER CPA
ReturnHeader/ReturnTs02023-11-15T19:45:31-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TIMOTHY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GRIMES
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,736
Liabilities
-
Net assets
$19,736
Revenue
$115,151
Expenses
$123,368
Net income
-$8,217
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