Tap INC EIN 36-4679803

Tap INC

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Prepares student athletes for success beyond sports. For fiscal year 2023 it reported $50K in revenue, $24K in expenses.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Birmingham, AL
Filings
5 on file (2019–2023)
Revenue
$50KFY2023
Expenses
$24K
Net assets
$0
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  36-4679803 Unknown exempt organization Birmingham, AL
Form 990 (PDF)
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Size
<$100K
What they do
Prepares student athletes for success beyond sports.
Leadership
1 Dr Nathan Fletcher · Vice President
Money in and out
$50K revenue, $24K expenses
Bottom line
+52% surplus margin
Reported financial activity · FY2023
Total revenue
$50K
Pt VIII · Ln 12
Total expenses
$24K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $26K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.16
Surplus margin
+52%
revenue over expenses, this year▲ +77% vs prior filing year
Program spending
84%
of expenses reach programs▼ -6% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$50K
FY20230%
Expenses
$24K
FY2023▼ -32%
Total assets
$0
FY2023
Total liabilities
$0
FY2023
Total revenue
$50K
Pt VIII · Ln 12
Total expenses
$24K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$26K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $20K of program spending, described in the organization's own filed words · FY2023.
01

Tap is a developing mentoring program which uses a holistic approach to improve the overall well-being of our youth. The foundation provides opportunities to young people who may be struggling to find purpose and direction. Tap provides programs which emphasize the importance of having a sound mind, body ad spirit.

$20Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTap INC
EINHdr · item D36-4679803
Principal addressHdr · item CBirmingham, AL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$50K
Total revenueLn 12$50K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16
Program services84%$20K
Management & general16%$4K
Total functional expensesLn 25$24K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $24K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $20K · Total expenses $24K
84%
Management & General
Management & general $4K · Total expenses $24K
16%
Fundraising
Fundraising $0 · Total expenses $24K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $47K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $50K · Total revenue $50K
100%
Government reliance
Government grants — · Total revenue $50K
Earned-income share
Program service revenue $0 · Total revenue $50K
0%
Investment reliance
Investment income $0 · Total revenue $50K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $24K
0%
Growth & trend
Revenue growth (YoY)
This year $50K · Prior year $50K
0%
Revenue CAGR
FY2019 $219K · FY2023 $50K
-31%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $50K · Expenses $24K
+52%
Liabilities-to-Assets
Total liabilities — · Total assets $0
Net-asset ratio
Net assets $0 · Total assets $0
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual 1 Dr Nathan Fletcher · Reported title VICE PRESIDENT · Highest reported compensation $0 · Total expenses $24K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $24K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 16%
Fundraising cost ratio 0%
Revenue growth 0%
Legal fee ratio 7%
Accounting fee ratio 17%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$50K revenue · viewing · ⤓ 990 PDF
FY2022$50K revenue · ⤓ 990 PDF
FY2021$40K revenue · ⤓ 990 PDF
FY2020$128K revenue · ⤓ 990 PDF
FY2019$219K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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