Civic Intelligence

Tom Tom Foundation

990 • Fiscal year 2021 • EIN 46-2048771

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 18, 2021

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

99th percentile

3.10x

Higher debt load relative to assets than 99% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

88th percentile

0.73x

Higher debt load relative to revenue than 88% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

68th percentile

25%

Higher net margin than 68% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

70th percentile

$55,567

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 11.0% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

3rd percentile

-40%

Faster asset growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

91st percentile

156%

Faster revenue growth than 91% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$119,408

Down $81,229 (-40%) from 2020

Net Assets

Up

-$250,206

Up $126,037 (+33%) from 2020

Liabilities

Down

$369,614

Down $207,266 (-36%) from 2020

Revenue

Up

$507,188

Up $309,195 (+156%) from 2020

Expenses

Down

$381,151

Down $249,939 (-40%) from 2020

Net Income

Up

$126,037

Up $559,134 (+129%) from 2020

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

2021

Assets$119,408
Liabilities$369,614
Net Assets-$250,206

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

2021

Revenue$507,188
Expenses$381,151
Net Income$126,037
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 18, 2021
Return Version
2020v4.1
Gross Receipts
$507,188
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
Cash and Non-Interest-Bearing Accounts$175,879$97,777▼ $78,102
Prepaid Expenses and Deferred Charges$17,026$14,988▼ $2,038
Land, Buildings, and Equipment, Net$7,732$6,643▼ $1,089
Total Assets$200,637$119,408▼ $81,229
Liabilities
Other Liabilities$234,989$309,505▲ $74,516
Deferred Revenue$341,891$60,109▼ $281,782
Total Liabilities$576,880$369,614▼ $207,266
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-376,243$-250,206▲ $126,037
Total Net Assets Fund Balance$-376,243$-250,206▲ $126,037
Total Liabilities and Net Assets / Fund Balance$200,637$119,408▼ $81,229

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$755$11,148$11,903
Buildings$5,888$1,089$6,977
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Paul BeyerExecutive DirectorFT$55,567$55,567

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
$502,801
Program Service Revenue
$3,547
Investment Income
$840
Other Revenue
$0
All Other Contributions
$458,678
Change in Net Assets
$126,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$280,820
Other Expenses$100,331
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$187,467--$187,467
Current Officers, Directors, Trustees, and Key Employees$41,675$13,892-$55,567
Occupancy$24,633$8,211-$32,844
Other Employee Benefits$14,135$4,712-$18,847
Payroll Taxes$13,541$4,514-$18,055
Advertising$9,121$1,034-$10,155
Information Technology$6,589$2,196-$8,785
Fees for Services Accounting$3,563$1,188-$4,751
Fees for Services Other$3,506$1,169-$4,675
Office Expenses$2,729$909-$3,638
Depreciation Depletion$910$179-$1,089
Pension Plan Contributions$663$221-$884
Other Expenses$389$127-$516
Travel$56$19-$75
Total Functional Expenses$342,780$38,371$0$381,151
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Federal Aid - Covid Pandemic$305,667
Prizes Payable$2,006
Rent Payable$1,201
Credit Card Payable$631
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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
2021-11-18
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
8
Volunteers
0

Preparer

Firm
White Beckert & Associates LLC
Address
893 KING WILLIAM DRIVE, CHARLOTTESVILLE, VA 22901
Preparer
Alice D Laluna
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, 2021, 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/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt02988
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt07100
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt03763539
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0507189
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0197993
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01197763
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01210697
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0649897
IRS990ScheduleA/Total509Grp/TotalAmt03763539
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0507189
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0197993
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01197763
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01210697
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0649897
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03763539
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt05888
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01089
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06977
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0755
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011148
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011903
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0631
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11201
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2305667
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt32006
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RENT PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2FEDERAL AID - COVID PANDEMIC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PRIZES 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, 2021, 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
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06643
IRS990ScheduleD/TotalLiabilityAmt0309505
IRS990/ScheduleJRequiredInd00
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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt0200637
IRS990/TotalAssetsGrp/EOYAmt0119408
IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0342780
IRS990/TotalFunctionalExpensesGrp/TotalAmt0381151
IRS990/TotalGrossUBIAmt0840
IRS990/TotalLiabilitiesBOYAmt0576880
IRS990/TotalLiabilitiesEOYAmt0369614
IRS990/TotalLiabilitiesGrp/BOYAmt0576880
IRS990/TotalLiabilitiesGrp/EOYAmt0369614
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-376243
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-250206
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0342780
IRS990/TotalProgramServiceRevenueAmt03547
IRS990/TotalReportableCompFromOrgAmt055567
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03547
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0507188
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0840
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0200637
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0119408
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt019
IRS990/TravelGrp/ProgramServicesAmt056
IRS990/TravelGrp/TotalAmt075
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0100 W SOUTH STREET 1D
IRS990/USAddress/CityNm0CHARLOTTESVILLE
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd022902
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.TOMTOMFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PAUL BEYER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04349817045
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TOM TOM FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0TOMT
ReturnHeader/Filer/EIN0462048771
ReturnHeader/Filer/PhoneNum04349817045
ReturnHeader/Filer/USAddress/AddressLine1Txt0100 W SOUTH STREET 1D
ReturnHeader/Filer/USAddress/CityNm0CHARLOTTESVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd022902
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460597233
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WHITE BECKERT & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0893 KING WILLIAM DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTESVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd022901
ReturnHeader/PreparerPersonGrp/PhoneNum04343265210
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALICE D LALUNA
ReturnHeader/ReturnTs02021-12-01T09:32:26-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PAUL

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