Tap Cancer Out Inc
- Assets
- $784.3k
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 4
- Location
- Indian Land, SC
- Founding
- 06/2012
- Data as of
- 12/2023
- EIN
- 90-0694278
Organization Overview
Tap Cancer Out Inc, operating under the name Tap Cancer Out, is located in Indian Land, SC. The organization was established in 2012. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Tap Cancer Out employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tap Cancer Out 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 12/2023, Tap Cancer Out generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 38.4% each year . All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 37.3% per year over the past 9 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.
Since 2016, Tap Cancer Out has awarded 44 individual grants totaling $4,570,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TAP CANCER OUT IS A 501(C)3 NON PROFIT RAISING AWARENESS AND FUNDS FOR CANCER-FIGHTING ORGANIZATIONS ON BEHALF OF THE BRAZILIAN JIU-JITSU COMMUNITY THROUGH UNIQUE FUNDRAISING EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TWENTY TAP CANCER OUT BJJ OPENS EMPOWER BRAZILIAN JIU-JITSU COMPETITORS TO FIGHT THE FIGHT FOR THOSE WHO ARE IN THE FIGHT OF THEIR LIVES. THESE INNOVATIVE TOURNAMENTS ENCOURAGE COMPETITORS TO RAISE FUNDS, BUY MERCHANGISE, AND OTHERWISE SUPPORT OUR MISSION AND SPONSOR. WITHOUT THESE EVENTS WE WOULD NOT BE ABLE TO GIVE OUR BENEFICIARIES THE GIFTS WE PLEDGED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Thomas President/chair | OfficerTrustee | 40 | $141,551 |
Becky Thomas VP Marketing | Trustee | 40 | $123,333 |
Mark Amoroso Director | Trustee | 8 | $40,000 |
Patrick Walsh Secretary | OfficerTrustee | 8 | $0 |
Andrew Myerson Director | Trustee | 5 | $0 |
Geof Corb Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,447,509 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $349,394 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,796,903 |
| Total Program Service Revenue | $0 |
| Investment income | $26,694 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,329 |
| Net Income from Fundraising Events | -$321,316 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,508,106 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $329,716 |
| Compensation of current officers, directors, key employees. | $108,807 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,578 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,563 |
| Payroll taxes | $26,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,453 |
| Advertising and promotion | $75,556 |
| Office expenses | $27,197 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,773 |
| Travel | $1,301 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,234 |
| Insurance | $7,265 |
| All other expenses | $2,371 |
| Total functional expenses | $2,482,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $448,177 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,145 |
| 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 | $62,758 |
| Net Land, buildings, and equipment | $65,594 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $198,577 |
| Total assets | $784,251 |
| Accounts payable and accrued expenses | $222,952 |
| Grants payable | $0 |
| Deferred revenue | $48,438 |
| 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 | $195,610 |
| Total liabilities | $467,000 |
| Net assets without donor restrictions | $317,251 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $784,251 |
Grants Awarded
Over the last fiscal year, Tap Cancer Out Inc has awarded $1,500,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXS LEMONADE STAND FOUND PURPOSE: Support (2) ALSF programs: Support | $250,000 |
AMERICAN BRAIN TUMOR ASSOCIAT PURPOSE: Mestastic brain tumor research | $125,000 |
CAMP SUNSHINE PURPOSE: Sponsor 25 families to attend camp | $150,000 |
CHRISTOPHERS HAVEN PURPOSE: Funding to maintain family apartmen | $150,000 |
CURECERVICALCANCER PURPOSE: Funding of the HPV Testing & Treatm | $100,000 |
FIRST DESCENTS PURPOSE: Surviviorship programming | $175,000 |