The Tomorrow Fund
- Assets
- $4.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Providence, RI
- Founding
- 03/1994
- Data as of
- 09/2022
- EIN
- 05-0450569
Organization Overview
The Tomorrow Fund is located in Providence, RI. The organization was established in 1994. According to its NTEE Classification (G30) the organization is classified as: Cancer, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 09/2022, Tomorrow Fund employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tomorrow Fund 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 09/2022, Tomorrow Fund generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.0m during the year ending 09/2022. While expenses have increased by 1.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE TOMORROW FUND PROVIDES A COMPREHENSIVE PROGRAM OF CONTINUING DAILY FINANCIAL AND EMOTIONAL SUPPORT TO CHILDREN WITH CANCER, SURVIVORS, AND THEIR FAMILIES WHO ARE TREATED AT HASBRO CHILDREN'S HOSPITAL IN PROVIDENCE, RI AND DILIGENTLY STRIVES
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY SERVICES PROGRAM - EMOTIONAL, PSYCHOLOGICAL AND FINANCIAL SUPPORT FOR CHILDREN WITH CANCER AND THEIR FAMILIES. IN EXCESS OF 200 FAMILIES ARE PROVIDED SERVICES AT ANY GIVEN TIME.
CLINICAL SUPPORT - FUNDS FOR MEDICAL & PSYCHOLOGICAL RESEARCH FOR CHILDHOOD CANCER AND PUBLIC EDUCATION. IN EXCESS OF 100 PEDIATRIC PATIENTS WERE SERVED THROUGH THIS PROGRAM IN THE CURRENT YEAR. ADDITIONALLY, IN A PRIOR FISCAL YEAR, THE TOMMOROW FUND GRANTED $500,000 TO RENOVATE AND EXPAND THE "EVERY CHILD, EVERY DAY" CAMPAIGN FOR THE HASBRO CHILDREN'S TOMORROW FUND CLINIC EXPANSION AND RENOVATIONS WITH PAYMENTS DUE OVER A 7-YEAR PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Abbenante Executive Director | Officer | 40 | $100,858 |
Rosemary Heustis President | OfficerTrustee | 2.25 | $0 |
Ralph A Palumbo Former Treasurer | OfficerTrustee | 1.75 | $0 |
Cathy Vitalo Vice President | OfficerTrustee | 1.75 | $0 |
Karin Marzilli Secretary Through 12/31/21 | OfficerTrustee | 1.75 | $0 |
Mary Macari Treasurer | OfficerTrustee | 1.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $6,385 |
| Membership dues | $0 |
| Fundraising events | $417,529 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $781,040 |
| Noncash contributions included in lines 1a–1f | $119,537 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,204,954 |
| Total Program Service Revenue | $0 |
| Investment income | $118,161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,026 |
| Net Income from Fundraising Events | -$23,443 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,310,799 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $25,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $138,511 |
| Compensation of current officers, directors, key employees. | $29,780 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,029 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,339 |
| Payroll taxes | $21,779 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $63,924 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31,971 |
| Office expenses | $45,803 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $4,666 |
| All other expenses | $44,646 |
| Total functional expenses | $1,033,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,013 |
| Savings and temporary cash investments | $287,541 |
| Pledges and grants receivable | $19,250 |
| 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 | $13,013 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,761,024 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,228,841 |
| Accounts payable and accrued expenses | $87,532 |
| Grants payable | $240,000 |
| Deferred revenue | $161,100 |
| 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 | $488,632 |
| Net assets without donor restrictions | $2,917,035 |
| Net assets with donor restrictions | $823,174 |
| 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 | $4,228,841 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Tomorrow Fund has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Philip Snyder Foundation Providence, RI PURPOSE: GENERAL OPERATIONS | $2,000 |
Endowment Analysis
| Beg. Balance | $4,000,118 |
| Earnings | -$707,116 |
| Other Expense | $3,809 |
| Grants | $25,000 |
| Ending Balance | $3,264,193 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joe Andruzzi Foundation Inc North Attleboro, MA | $2,725,360 | $3,860,461 |
Prostate Health Education Network Inc Quincy, MA | $2,883,861 | $2,311,778 |
Circle Of Care For Families With Cancer Wilton, CT | $816,581 | $1,195,859 |
Childrens Oncology Services Of Massachusetts Inc Brookline, MA | $7,042,968 | $1,487,753 |
The Tomorrow Fund Providence, RI | $4,228,841 | $1,310,799 |
Tufts Medical Center Parent Inc Boston, MA | $8,173,489 | $935,524 |
Reel Recovery Inc Needham, MA | $254,363 | $472,534 |
Cancer Couch Foundation Inc Fairfield, CT | $333,216 | $351,528 |
Podari Life Inc Stoneham, MA | $2,620,840 | $1,963,795 |
Thin Blue Ride Inc Worcester, MA | $11,982 | $263,261 |
International Neuroendocrine Cancer Alliance Inc Newton, MA | $320,758 | $257,057 |
Ron Foley Pancreatic Cancer Foundation Inc West Hartford, CT | $453,915 | $184,605 |