Tome Foundation
- Assets
- $13.3m
- Revenue
- $1.6m
- Investments
- $11.2m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- Data as of
- 12/2022
- EIN
- 84-2782103
Organization Overview
Tome Foundation is located in Atlanta, GA. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Tome 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 12/2022, Tome Foundation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (45.7%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Tome Foundation has awarded 15 individual grants totaling $1,807,088. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Tome President | 2 | $0 | |
Ramon Tome Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,120,253 |
| Interest on Savings | $0 |
| Dividends & Interest | $502,455 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,694 |
| Capital Gain Net Income | $1,694 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,624,402 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $143,334 |
| Pension plans, employee benefits | $0 |
| Interest | $159 |
| Taxes | $13,190 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,281 |
| Total operating and administrative expenses | $248,766 |
| Contributions, gifts, grants paid | $1,106,533 |
| Total expenses and disbursements | $1,355,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,083,953 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,457,543 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,322,305 |
| 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, Tome Foundation has awarded $1,106,533 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MOREHOUSE SCHOOL OF MEDICINE PURPOSE: TO FURTHER THE ORGANIZATION'S MISSION | $150,222 |
UNIVERSITY OF DENVER PURPOSE: TO FURTHER THE ORGANIZATION'S MISSION | $150,222 |
UNIVERSITY OF WYOMING PURPOSE: TO FURTHER THE ORGANIZATION'S MISSION | $225,283 |
QUALITY GROWTH INSTITUTE PURPOSE: TO FURTHER THE ORGANIZATION'S MISSION | $23,340 |
BERRY COLLEGE PURPOSE: TO FURTHER THE ORGANIZATION'S MISSION | $155,139 |
AMERICAN COLLEGE OF BUILDING ARTS PURPOSE: TO FURTHER THE ORGANIZATION'S MISSION | $138,042 |