David Toms Charitable Foundation
- Assets
- $2.4m
- Revenue
- $150.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Shreveport, LA
- Founding
- 11/2003
- Data as of
- 12/2021
- EIN
- 58-2670763
Organization Overview
David Toms Charitable Foundation is located in Shreveport, LA. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. David Toms Charitable Foundation 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, David Toms Charitable Foundation generated $150.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.3%) each year. All expenses for the organization totaled $79.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (33.4%) per year over the past 7 years. 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
PRIOR TO THE WINDING DOWN PHASE, THE MISSION WAS AS FOLLOWS: THE DAVID TOMS FOUNDATION PROVIDES OPPORTUNITIES FOR AT-RISK BOYS AND GIRLS. THE FOUNDATION HAS BUILT A STATE-OF-THE ART GOLF PRACTICE AND YOUTH ACADEMY. THE ACADEMY'S GOAL IS INCREASE SELF-ESTEEM AND IMPROVE CHILDREN'S LIFE SKILLS BY TEACHING INTEGRITY, SPORTSMANSHIP, RESPONSIBILITY. THE FOUNDATION ALSO HELPS UNDERPRIVILEGED, ABUSED AND ABANDONED CHILDREN THROUGH FUNDING PROGRAMS THAT ARE DESIGNED TO ENHANCE A CHILD'S CHARACTER, SELF-ESTEEM AND CAREER POSSIBILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DAVID TOMS CHARITABLE FOUNDATION IS IN THE WINDING DOWN PHASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Toms President | OfficerTrustee | 10 | $0 |
Sonya Toms Vice President | OfficerTrustee | 5 | $0 |
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 | $32,220 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,220 |
| Total Program Service Revenue | $0 |
| Investment income | $117,744 |
| 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 | $149,964 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $169 |
| 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 | $47,263 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $79,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,371 |
| 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 | $2,365,070 |
| 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 | $2,366,441 |
| Accounts payable and accrued expenses | $1,359 |
| 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 | $1,740,777 |
| Secured mortgages and notes payable | $832,309 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,574,445 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $100 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$208,104 |
| Total liabilities and net assets/fund balances | $2,366,441 |
Grants Awarded
Over the last fiscal year, David Toms Charitable Foundation has awarded $47,925 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Livingston, LA PURPOSE: TO SUPPORT FLOOD VICTIMS IN BATON ROUGE AREA BY PROVIDING SCHOOL SUPPLIES. | $40,000 |
Shreveport, LA PURPOSE: ASSISTING YOUTH IN LEARNING ABOUT GOLF AND THE LIFE LESSONS IT TEACHES. | $5,000 |
Braselton, GA PURPOSE: TO SUPPORT SCHOLARSHIP OPPORTUNITIES FOR JUNIOR GOLF. | $2,800 |
Shreveport, LA PURPOSE: TO SUPPORT THEIR MISSION IN HELPING ABUSED CHILDREN. | $125 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that David Toms Charitable Foundation has recieved totaling $11.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jane P And Wiley L Mossy Jr Foundation Houston, TX | $339,084 | $6,855,893 |
Oakwood Foundation Charitable Tr Tupelo, MS | $13,916,638 | $13,351,239 |
Gene And Jerry Jones Family-Dallas Cowboys Charities Frisco, TX | $3,095,461 | $7,273,707 |
Marshall Legacy Foundation Metairie, LA | $37,157,594 | $21,197,543 |
Marshall Heritage Foundation Metairie, LA | $15,210,686 | $21,134,216 |
Mary E Bivins Trust Amarillo, TX | $23,577,867 | $7,091,283 |
Norman H Read 1985 Trust Amarillo, TX | $61,022,769 | $8,703,971 |
Arlene And Joseph Meraux Charitable Foundation Violet, LA | $95,291,949 | $9,307,858 |
East Texas Medical Center Regional Healthcare System Tyler, TX | $164,248,819 | $57,646,365 |
James A Buddy Davidson Charitable Foundation Midland, TX | $104,683,845 | $20,028,427 |
Tejemos Foundation San Antonio, TX | $56,096,568 | $3,968,002 |
H E B Tournament Of Champions Charitable Tr San Antonio, TX | $9,707,479 | $8,431,787 |