Tankproof
- Assets
- $21.2k
- Revenue
- $293.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Prairieville, LA
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 47-2705011
Organization Overview
Tankproof is located in Prairieville, LA. The organization was established in 2015. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tankproof is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Tankproof generated $293.4k in total revenue. All expenses for the organization totaled $277.6k during the year ending 12/2021. While expenses have increased by 95.6% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE TANKPROOF, A NONPROFIT THAT GIVES YOUTH IN UNDER-SERVED COMMUNITIES EDUCATION AND ESSENTIALS TO NAVIGATE LIFE'S CURRENTS. FROM PROVIDING QUALITY SWIM INSTRUCTION TO FEEDING HUNDREDS ON OUR NEIGHBORHOOD FOOD ROUTES, WE HAVE HAD THE OPPORTUNITY TO IMPACT MULTIPLE CITIES, AND WILL CONTINUE TO EXPAND TO OTHERS. OUR GOAL IS TO PROVIDE ACCESS, EQUITY, AND OPPORTUNITY THROUGH OUR SWIMMING LESSONS TO MAKE COMMUNITIES SAFER AND EVEN SAVE LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TANKPROOK PROVIDES FREE SWIM LESSONS ACROSS THE UNITED STATES TO UNDER-SERVED COMMUNITITES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thurman Thomas III Co-Executive Director | Trustee | 40 | $32,892 |
Torrence L Thomas Co-Executive Director | Trustee | 40 | $32,892 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $293,422 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $293,422 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $293,422 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,995 |
| Grants and other assistance to domestic individuals. | $2,540 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,874 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,039 |
| Fees for services: Management | $744 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,655 |
| Advertising and promotion | $2,762 |
| Office expenses | $8,850 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,174 |
| Travel | $75,325 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $9,075 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $279 |
| All other expenses | $22,282 |
| Total functional expenses | $277,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,194 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,194 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $21,194 |
| Total liabilities and net assets/fund balances | $21,194 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Tankproof has recieved totaling $35,047.
| Awarding Organization | Amount |
|---|---|
Philanthropitch Austin, TX PURPOSE: A NONPROFIT THAT GIVES YOUTH IN UNDER-SERVED COMMUNITIES EDUCATION AND ESSENTIALS TO NAVIGATE LIFES CURRENTS. | $13,233 |
Baton Rouge Area Foundation Baton Rouge, LA PURPOSE: GENERAL SUPPORT | $8,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $7,409 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,405 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Sky Ranch Inc Van, TX | $1,693,523 | $2,755,522 |
Boys & Girls Clubs In Texas Austin, TX | $259,579 | $927,363 |
Td Club Foundation Dallas, TX | $394,708 | $882,882 |
Angelina County Fair Foundation Lufkin, TX | $220,186 | $574,723 |
Hill Country Youth Ranch Foundation Ingram, TX | $26,320,394 | $4,304,449 |
Bcs Marathon Bryan, TX | $184,849 | $471,973 |
Tankproof Prairieville, LA | $21,194 | $293,422 |
Lone Star High School Band Boosters Association Frisco, TX | $37,807 | $192,766 |
Boys And Girls Clubs Of Greater Houston Foundation Houston, TX | $5,493,480 | $630,165 |
Pottsboro Kids Club Pottsboro, TX | $93,731 | $0 |
Mineola Youth Foundation Inc Mineola, TX | $678,417 | $155,645 |
San Angelo Stock Show & Rodeo Syndicate Wall, TX | $23,156 | $0 |