Toms Foundation
- Assets
- $504.8k
- Revenue
- $216.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 01/1981
- Data as of
- 06/2022
- EIN
- 62-6037668
Organization Overview
Toms Foundation is located in Knoxville, TN. The organization was established in 1981. 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. Toms 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 06/2022, Toms Foundation generated $216.2k 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 (13.2%) each year. All expenses for the organization totaled $254.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (14.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A MUSEUM WHICH IS MADE AVAILABLE FOR PUBLIC VIEWING AND SPECIAL EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | 0 | $0 | |
Janet L Grimm Officer | 0 | $0 | |
R Brett Grimm Officer | 40 | $4,160 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,373 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $203,837 |
| Total Revenue | $216,210 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,160 |
| Other employee salaries and wages | $32,980 |
| Pension plans, employee benefits | $2,878 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $33,411 |
| Occupancy | $11,895 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $169,308 |
| Total operating and administrative expenses | $254,632 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $254,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $252,916 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $251,881 |
| Total assets | $504,797 |
| Accounts payable and accrued expenses | $3,241 |
| 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 | $3,241 |