TAPFOUND INC

EIN: 912162645 501(c)(3) Philanthropy & Grantmaking

NEW YORK, NY

Total Revenue
$5,312,367
Total Expenses
$6,428,460
Total Assets
$4,120,942
Net Assets
$1,097,401
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
CA
Principal Officer
KELLIE KRUG
Phone
2122577660
Tax Period
2023-01-01 to 2023-12-31

TAPFOUND INC, founded in 2002, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.3M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $6.4M exceeded revenue, resulting in a 21% operating deficit.

Mission

TAPFOUND, INC., D/B/A TAPROOT FOUNDATION, ("TAPROOT OR ORGANIZATION") IS A NATIONAL NONPROFIT ORGANIZATION THAT CONNECTS NONPROFITS AND SOCIAL CHANGE ORGANIZATIONS WITH PASSIONATE, SKILLED VOLUNTEERS WHO SHARE THEIR EXPERTISE PRO BONO. TAPROOT IS CREATING A WORLD WHERE ORGANIZATIONS DEDICATED TO SOCIAL CHANGE HAVE FULL ACCESS TO THE MARKETING, STRATEGY, HR, AND IT RESOURCES THEY NEED TO BE MOST EFFECTIVE. SINCE 2001, TAPROOT HAS FACILITATED MORE THAN 2,109,064 HOURS TO SUPPORT SOCIAL CHANGE ORGANIZATIONS WORTH OVER $320,658,085 MILLION IN VALUE. TAPROOT ALSO PARTNERED TO CO-FOUND A NETWORK OF GLOBAL PRO BONO PROVIDERS IN OVER 30 COUNTRIES AROUND THE WORLD.

Program Service Accomplishments

Program 1
Expenses: $3,395,678 Revenue: $4,553,171

CORPORATE ADVISORY SERVICES ADVISES AND WORKS WITH COMPANIES IN DEVELOPING AND RUNNING HIGH-IMPACT PRO BONO PROGRAMS THAT CONNECT THEIR EMPLOYEE TALENT TO THE NEEDS OF SOCIAL GOOD ORGANIZATIONS.

Program 2
Expenses: $399,492

SPEED CONSULTING AND PRO BONO MARATHONS ARE DONE-IN-A-DAY EVENTS WHERE NONPROFIT PARTICIPANTS ARE PAIRED WITH PRO BONO CONSULTANTS FOR THE PURPOSE OF CONSULTATIONS OR TO TACKLE A SCOPED PROJECT...

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SPEED CONSULTING AND PRO BONO MARATHONS ARE DONE-IN-A-DAY EVENTS WHERE NONPROFIT PARTICIPANTS ARE PAIRED WITH PRO BONO CONSULTANTS FOR THE PURPOSE OF CONSULTATIONS OR TO TACKLE A SCOPED PROJECT. SPEED CONSULTING CONNECTS NONPROFITS WITH PRO BONO CONSULTANTS FOR A HALF-DAY, ROUND-ROBIN WORKSHOP TO GAIN INSIGHTS AND SUPPORT ON A FEW KEY CHALLENGES ACROSS MULTIPLE AREAS. PRO BONO MARATHONS MATCH NONPROFITS WITH TEAMS OF 2 - 4 PRO BONO CONSULTANTS TO ADDRESS A CRITICAL, SCOPED CHALLENGE FROM ASSESSMENT TO DELIVERABLE - IN ONE DAY.

Program 3
Expenses: $1,198,475 Revenue: $336,438

TAPROOT PLUS IS AN OPEN-ACCESS, ONLINE PLATFORM WHICH ENABLES NONPROFITS (AS WELL AS SMALL BUSINESSES) TO CONNECT DIRECTLY WITH SKILLED PROFESSIONALS ANYTIME AND ANYWHERE THROUGH VIRTUAL PRO BONO...

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TAPROOT PLUS IS AN OPEN-ACCESS, ONLINE PLATFORM WHICH ENABLES NONPROFITS (AS WELL AS SMALL BUSINESSES) TO CONNECT DIRECTLY WITH SKILLED PROFESSIONALS ANYTIME AND ANYWHERE THROUGH VIRTUAL PRO BONO OPPORTUNITIES. OUR TECHNOLOGY PLATFORM INSTANTLY PROVIDES GREATER ACCESSIBILITY AND REACH OF THESE IMPORTANT RESOURCES, CONNECTING USERS WITH 1-2 PRO BONO CONSULTANTS FOR THE PURPOSE OF ONE-HOUR VIRTUAL CONSULTATIONS SESSIONS OR TACKLING SMALL-SCALE PROJECTS. TAPROOT PLUS IS FREE FOR ALL USERS NONPROFITS, AND VOLUNTEERS - AND OFFERS THESE CRITICAL ORGANIZATIONS IN THE US AND MANY PLACES AROUND THE WORLD ON-DEMAND ACCESS TO VIRTUAL PRO BONO SUPPORT. WITH THE ONSET OF THE COVID-19 PANDEMIC IN 2020, TAPROOT PLUS FURTHER EXPANDED ITS REACH, OFFERING SUPPORT TO SMALL BUSINESSES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $422,169
Program Service Revenue $4,889,609
Investment Income $531
Other Revenue $58
TOTAL REVENUE $5,312,367

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,756,974
Fundraising Expenses $505,733
Program Expenses $4,993,645
Other Expenses $1,671,486
TOTAL EXPENSES $6,428,460

Year-over-Year Comparison

2023 2022 Change
Revenue $5,312,367 $5,664,173 -0.1%
Expenses $6,428,460 $6,226,238 +0.0%
Net Income $-1,116,093 $-562,065 +1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
60
Volunteers
3947

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$818,507
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REBECCA WANG CO-CHAIR 3.00
Officer Director
$0 $0 $0
PAUL ACEVEDO MEMBER 3.00
Director
$0 $0 $0
ELAINE MASON MEMBER 3.00
Director
$0 $0 $0
JASON MADHOSINGH MEMBER 3.00
Director
$0 $0 $0
SPRING LACY MEMBER 3.00
Director
$0 $0 $0
SARAH MERON MEMBER 3.00
Director
$0 $0 $0
PEGGY DUVETTE MEMBER 3.00
Director
$0 $0 $0
ANJANETTE BROWN TREASURER 3.00
Officer Director
$0 $0 $0
PATRICIA LANGER CO-CHAIR 3.00
Officer Director
$0 $0 $0
MATT HOLFORD MEMBER 3.00
Director
$0 $0 $0
VINCENT IAROPOLI HEAD OF FINANCE AND ADMINISTRATION 40.00
Officer
$40,436 $0 $40,436
KELLIE KRUG CHIEF OPERATIONS OFFICER 40.00
Officer
$145,616 $17,300 $162,916
JACKSON THOMAS CHIEF PROGRAM OFFICER 40.00
Officer
$147,058 $10,298 $157,356
CARLTON FORD CHIEF EFFECTIVE PHILANTHROPY OFFICER 40.00
Officer
$148,560 $11,271 $159,831
LINDSAY FIRESTONE GRUBER PRESIDENT & CEO 40.00
Officer
$198,180 $28,400 $226,580
SARAH HINAWI CHIEF IMPACT OFFICER OF ADMIN 40.00
Officer
$71,388 $0 $71,388
DAVID KAISER-JONES DIRECTOR OF ADVISORY SERVICES 40.00
Highest
$111,137 $8,096 $119,233
JOSHUA ANDERSON DIRECTOR OF PRODUCT 40.00
Highest
$134,618 $8,643 $143,261
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $5,312,367 $6,428,460 $4,120,942 $-1,116,093
2022 $5,664,173 $6,226,238 $5,622,782 $-562,065
2021 $7,053,619 $4,999,150 $4,933,878 $2,054,469
2020 $4,346,730 $3,881,445 $3,205,538 $465,285
2019 $4,527,173 $3,962,836 $2,239,592 $564,337
2018 $3,709,957 $4,162,011 $1,327,671 $-452,054
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