Tomares Family Foundation Inc
- Assets
- $559.0k
- Revenue
- $115.4k
- Investments
- $473.0k
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 03/1999
- Data as of
- 12/2023
- EIN
- 52-2103332
Organization Overview
Tomares Family Foundation Inc is located in Rockville, MD. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tomares Family Foundation Inc 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, Tomares Family Foundation Inc generated $115.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $121.0k during the year ending 12/2023. While expenses have increased by 10.1% per year over the past 5 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 2020, Tomares Family Foundation Inc has awarded 145 individual grants totaling $406,791. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CHARITABLE DONATIONS FOR GENERAL SUPPORT OF VARIOUS CHARITIES NATIONWIDE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Tomares Director | 0 | $0 | |
Ziva Tomares Director | 0 | $0 | |
Jonathan Tomares Director | 0 | $0 | |
Steven Tomares Director | 0 | $0 | |
Stuart Tomares Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $681 |
| Dividends & Interest | $57,449 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,309 |
| Capital Gain Net Income | $57,309 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $115,439 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,500 |
| Total operating and administrative expenses | $2,500 |
| Contributions, gifts, grants paid | $118,490 |
| Total expenses and disbursements | $120,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $85,949 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $558,966 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Tomares Family Foundation Inc has awarded $118,490 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
ADEL FUND PURPOSE: GENERAL SUPPORT | $10,000 |
AMERICAN FRIENDS OF THE ISRAELI OPERA PURPOSE: GENERAL SUPPORT | $6,000 |
AMERICAN ISRAEL CULTURAL FOUNDATION PURPOSE: GENERAL SUPPORT | $1,800 |
AMERICAN RED CROSS PURPOSE: GENERAL SUPPORT | $500 |
ANTI DEFAMATION LEAGUE PURPOSE: GENERAL SUPPORT | $1,500 |
AVALON THEATER PURPOSE: GENERAL SUPPORT | $200 |