Tap INC FY2019 filing

Birmingham, AL · Unknown exempt organization

Revenue
$219K
Spent
$211K
To programs
89%
Net assets
$11K
By yearFY2019–FY2023
Revenue
$219K
FY2019
Revenue by fiscal year
FY2019$219K
FY2020$128K
FY2021$40K
FY2022$50K
FY2023$50K
Expenses
$211K
FY2019
Expenses by fiscal year
FY2019$211K
FY2020$126K
FY2021$36K
FY2022$35K
FY2023$24K
Net assets
$11K
FY2019
Net assets by fiscal year
FY2019$11K
FY2020$0
FY2021$0
FY2022$0
FY2023$0

From the FY2019 Form 990 · see the original

You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2023) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
Yes — exemption reinstated (2013-05-15)
Per the IRS revocation list.
Filing up to date?
Last filed FY2023 — 3 yrs ago
Legal name (IRS)Hdr · item CTap INC
EINHdr · item D36-4679803
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2023 · Form 990
Principal addressHdr · item CBirmingham, AL
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.11
Program services89%$187K
Management & general11%$23K
Total functional expensesLn 25$211K

Financial health

Is it on solid ground?

Surplus margin
+4%
revenue over expenses, this year
Program spending
89%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2019 · Form 990
Total assets
$13K
FY2019
Total assets by fiscal year
FY2019$13K
FY2020$0
FY2021$0
FY2022$0
FY2023$0
Total liabilities
$3K
FY2019
Total liabilities by fiscal year
FY2019$3K
FY2020$0
FY2021$0
FY2022$0
FY2023$0
Revenue less expensesPt I · Ln 19$8K
Total assetsPt X · Ln 16$13K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$13K
Total assetsLn 16$13K
Total liabilitiesLn 26$3K
Total net assetsLn 32$11K
Months of cash on handcomputed0.8

Statement of Revenue

Part VIII
Contributions & grants100%$219K
Total revenueLn 12$219K

Financial Metrics

Form 990 · FY2019 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $13K · Operating expenses/yr $211K
0.8 months
Where the money goes
Program services
Program services $187K · Total expenses $211K
89%
Management & General
Management & general $23K · Total expenses $211K
11%
Fundraising
Fundraising $0 · Total expenses $211K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $219K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $219K · Total revenue $219K
100%
Government reliance
Government grants — · Total revenue $219K
—
Earned-income share
Program service revenue $0 · Total revenue $219K
0%
Investment reliance
Investment income $0 · Total revenue $219K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $211K
0%
Growth & trend
Revenue growth (YoY)
This year $219K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $11K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $219K · Expenses $211K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $13K
—
Net-asset ratio
Net assets $11K · Total assets $13K
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $13K
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 $211K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $50K · Total expenses $211K
24%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%——
Overhead ratio 11%——
Fundraising cost ratio 0%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Tap INC executive salaries →

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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Prepares student athletes for success beyond sports.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $187K of program spending, described in the organization's own filed words · FY2019.
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.

$187Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2023 Latest $50K$24K0% 990 PDF
FY2022 $50K$35K+24% 990 PDF
FY2021 $40K$36K-68% 990 PDF
FY2020 $128K$126K-42% 990 PDF
FY2019 Viewing $219K$211K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2019IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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