Civic Intelligence

Tom Tom Foundation

990 • Fiscal year 2018 • EIN 46-2048771

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 17, 2018

100 W South Street 1DCharlottesville, VA 22902

(434) 981-7045

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.31x

Higher debt load relative to assets than 71% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

38th percentile

0.05x

Higher debt load relative to revenue than 38% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

43rd percentile

0.9%

Higher net margin than 43% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

90th percentile

41%

Faster asset growth than 90% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

79th percentile

26%

Faster revenue growth than 79% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$204,870

Up $59,492 (+41%) from 2017

Net Assets

Up

$142,026

Up $10,538 (+8.0%) from 2017

Liabilities

Up

$62,844

Up $48,954 (+352%) from 2017

Revenue

Up

$1,213,737

Up $249,434 (+26%) from 2017

Expenses

Up

$1,203,199

Up $298,309 (+33%) from 2017

Net Income

Down

$10,538

Down $48,875 (-82%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500KAssets 2013: $456Liabilities 2013: $1,000Net Assets 2013: -$5442013Assets 2014: $8,600Liabilities 2014: $458Net Assets 2014: $8,1422014Assets 2015: $56,914Liabilities 2015: $20,112Net Assets 2015: $36,8022015Assets 2016: $126,802Liabilities 2016: $54,727Net Assets 2016: $72,0752016Assets 2017: $145,378Liabilities 2017: $13,890Net Assets 2017: $131,4882017Assets 2018: $204,870Liabilities 2018: $62,844Net Assets 2018: $142,0262018Assets 2019: $65,138Liabilities 2019: $8,284Net Assets 2019: $56,8542019Assets 2020: $200,637Liabilities 2020: $576,880Net Assets 2020: -$376,2432020Assets 2021: $119,408Liabilities 2021: $369,614Net Assets 2021: -$250,2062021Assets 2022: $694,434Liabilities 2022: $464,101Net Assets 2022: $230,3332022Assets 2023: $651,341Liabilities 2023: $468,274Net Assets 2023: $183,0672023Assets 2024: $580,527Liabilities 2024: $458,368Net Assets 2024: $122,1592024Assets 2025: $513,118Liabilities 2025: $469,534Net Assets 2025: $43,5842025

Highlighted filing

2018

Assets$204,870
Liabilities$62,844
Net Assets$142,026

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2013: $62,750Expenses 2013: $63,294Net Income 2013: -$5442013Revenue 2014: $228,640Expenses 2014: $219,954Net Income 2014: $8,6862014Revenue 2015: $316,743Expenses 2015: $288,083Net Income 2015: $28,6602015Revenue 2016: $649,897Expenses 2016: $614,624Net Income 2016: $35,2732016Revenue 2017: $964,303Expenses 2017: $904,890Net Income 2017: $59,4132017Revenue 2018: $1,213,737Expenses 2018: $1,203,199Net Income 2018: $10,5382018Revenue 2019: $1,197,762Expenses 2019: $1,282,934Net Income 2019: -$85,1722019Revenue 2020: $197,993Expenses 2020: $631,090Net Income 2020: -$433,0972020Revenue 2021: $507,188Expenses 2021: $381,151Net Income 2021: $126,0372021Revenue 2022: $768,107Expenses 2022: $287,568Net Income 2022: $480,5392022Revenue 2023: $402,369Expenses 2023: $449,635Net Income 2023: -$47,2662023Revenue 2024: $554,521Expenses 2024: $615,429Net Income 2024: -$60,9082024Revenue 2025: $549,272Expenses 2025: $627,847Net Income 2025: -$78,5752025

Highlighted filing

2018

Revenue$1,213,737
Expenses$1,203,199
Net Income$10,538
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 17, 2018
Return Version
2017v2.3
Gross Receipts
$1,213,737
Mission and Program Overview

Mission

To champion innovation, creativity, and entrepreneurship in america's small cities, and promote public awareness of best practices for more prosperous and equitable cities.

To celebrate and empower the founders of creative, civic, and entrepreneurial projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$150,000-
Cash and Non-Interest-Bearing Accounts$134,323$43,154▼ $91,169
Land, Buildings, and Equipment, Net$10,221$11,716▲ $1,495
Total Assets$145,378$204,870▲ $59,492
Other Assets Total$834--
Liabilities
Unsecured Notes Loans Payable-$45,000-
Other Liabilities$11,509$15,463▲ $3,954
Accounts Payable and Accrued Expenses$2,381$2,381→ $0
Total Liabilities$13,890$62,844▲ $48,954
Net Assets / Fund Balance
Unrestricted Net Assets$131,488$142,026▲ $10,538
Total Net Assets Fund Balance$131,488$142,026▲ $10,538
Total Liabilities and Net Assets / Fund Balance$145,378$204,870▲ $59,492

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,291$6,612$11,903
Buildings$6,425$552$6,977
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Paul BeyerExecutive DirectorFT$84,932$84,932

Board Members and Trustees

NameTitle
Blake HurtPresident
John E HardingTrustee
Paul G BeckertTrustee
Peter CaramanisTrustee
Richard BeyerTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$959,020
Program Service Revenue
$254,694
Investment Income
$23
Other Revenue
$0
All Other Contributions
$731,288
Change in Net Assets
$10,538
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$799,652
Salaries, Compensation, and Employee Benefits$403,547
Total Fundraising Expense$67,971
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$225,026$28,128$28,128$281,282
Advertising$171,335$6,681$26,510$204,526
Current Officers, Directors, Trustees, and Key Employees$67,946$8,493$8,493$84,932
Office Expenses$13,778$13,094$649$27,521
Occupancy$11,828$11,829-$23,657
Payroll Taxes$18,701$2,338$2,338$23,377
Other Expenses$16,230--$16,230
Other Employee Benefits$11,165$1,396$1,395$13,956
Insurance$8,143$2,036-$10,179
Information Technology$3,661$458$458$4,577
Fees for Services Accounting$1,796$1,796-$3,592
Depreciation Depletion$2,226$179-$2,405
Interest-$1,573-$1,573
Total Functional Expenses$1,057,227$78,001$67,971$1,203,199
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$11,649
Payroll Liabilities$3,264
Rent Payable$550
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

A familial relationship exists between the tom tom foundation's executive director, paul beyer, and board of director, trustee, richard beyer.

Form 990, Part VI, Section B, Line 11B

Tom tom policy requires the board of directors review and approve the tax return prior to filing.

Form 990, Part VI, Section B, Line 12C

The trustees review and monitor the foundation's business transactions on a consistent basis. At each board meeting the trustees review the foundations accounting records ensuring the records are accurate and transparent to the public. At each meeting the trustees monitor the foundation, its employees, donors, and agents for actual and potential conflict of interests.

Form 990, Part VI, Section B, Line 15B

The foundation's board of directors has ultimate authority of determing the executive director's compensation.

Form 990, Part VI, Section C, Line 18

All records are available upon request.

Form 990, Part VI, Section C, Line 19

Tom tom foundation's governing documents, policies, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Tom Tom Foundation
EIN
46-2048771
Phone
4349817045
Address
100 W SOUTH STREET 1D, CHARLOTTESVILLE, VA 22902

Signing Officer

Name
Paul Beyer
Title
Executive Director
Phone
4349817045
Signed
2018-12-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Beyer
Formed
2013
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
5
Employees
9
Volunteers
322

Preparer

Firm
White Beckert and Associates LLC
Address
210 RIDGE MCINTIRE ROAD SUITE 250, CHARLOTTESVILLE, VA 22903
Preparer
Paul G Beckert
Phone
4343265210
Supplemental Narrative

Financial Statement Notes

Form 990 - Part XII - Line 1

Tom tom foundation maintains its books and records in accordance sfas 116 and sfas 117. For the fiscal year ended june 30, 2018, the foundation's financial statements were not audited. The foundation has voluntarily submitted schedule d reconciling the accounting financial statements with the income tax return.

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0250
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0567377
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt03011
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2RENT PAYABLE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TOM TOM FOUNDATION MAINTAINS ITS BOOKS AND RECORDS IN ACCORDANCE SFAS 116 AND SFAS 117. FOR THE FISCAL YEAR ENDED JUNE 30, 2018, THE FOUNDATION'S FINANCIAL STATEMENTS WERE NOT AUDITED. THE FOUNDATION HAS VOLUNTARILY SUBMITTED SCHEDULE D RECONCILING THE ACCOUNTING FINANCIAL STATEMENTS WITH THE INCOME TAX RETURN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - PART XII - LINE 1
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A FAMILIAL RELATIONSHIP EXISTS BETWEEN THE TOM TOM FOUNDATION'S EXECUTIVE DIRECTOR, PAUL BEYER, AND BOARD OF DIRECTOR, TRUSTEE, RICHARD BEYER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TOM TOM POLICY REQUIRES THE BOARD OF DIRECTORS REVIEW AND APPROVE THE TAX RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TRUSTEES REVIEW AND MONITOR THE FOUNDATION'S BUSINESS TRANSACTIONS ON A CONSISTENT BASIS. AT EACH BOARD MEETING THE TRUSTEES REVIEW THE FOUNDATIONS ACCOUNTING RECORDS ENSURING THE RECORDS ARE ACCURATE AND TRANSPARENT TO THE PUBLIC. AT EACH MEETING THE TRUSTEES MONITOR THE FOUNDATION, ITS EMPLOYEES, DONORS, AND AGENTS FOR ACTUAL AND POTENTIAL CONFLICT OF INTERESTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION'S BOARD OF DIRECTORS HAS ULTIMATE AUTHORITY OF DETERMING THE EXECUTIVE DIRECTOR'S COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL RECORDS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TOM TOM FOUNDATION'S GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
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IRS990/USAddress/CityNm0CHARLOTTESVILLE
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IRS990/WebsiteAddressTxt0WWW.TOMTOMFOUNDATION.ORG
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PAUL BEYER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04349817045
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-12-17
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09D77D5089F6CFDFA10E33FA204CA8B8BB51CC565
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ReturnHeader/FilingSecurityInformation/IPDt02018-12-17
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm014:32:02
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460597233
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WHITE BECKERT AND ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0210 RIDGE MCINTIRE ROAD SUITE 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTESVILLE
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ReturnHeader/PreparerPersonGrp/PhoneNum04343265210
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAUL G BECKERT

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