TOM TOM FOUNDATION

EIN: 462048771 501(c)(3) Arts, Culture & Humanities

CHARLOTTESVILLE, VA

Total Revenue
$549,272
Total Expenses
$627,847
Total Assets
$513,118
Net Assets
$43,584
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
VA
Principal Officer
RICHARD BEYER
Phone
4349817045
Tax Period
2024-07-01 to 2025-06-30

TOM TOM FOUNDATION, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $549K in total revenue in fiscal year 2024. Expenses of $628K exceeded revenue, resulting in a 14% operating deficit.

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.

Program Service Accomplishments

Program 1
Expenses: $579,628 Revenue: $147,286

THE TOM TOM FOUNDATION IS A NONPROFIT ORGANIZATION IN CHARLOTTESVILLE VA. OUR MISSION IS TO BRING TOGETHER DIVERSE COMMUNITIES AND SPARK INSPIRATION FOR A BRIGHTER FUTURE. STARTED IN 2012, OUR ANNUAL...

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THE TOM TOM FOUNDATION IS A NONPROFIT ORGANIZATION IN CHARLOTTESVILLE VA. OUR MISSION IS TO BRING TOGETHER DIVERSE COMMUNITIES AND SPARK INSPIRATION FOR A BRIGHTER FUTURE. STARTED IN 2012, OUR ANNUAL TOM TOM FESTIVAL NOW ATTRACTS 25,000+ ATTENDEES, AND IS CO-CREATED WITH HUNDREDS OF LOCAL PARTNERS WHO TELL THE STORY OF OUR COMMUNITY'S FUTURE THROUGH MUSIC, ART, AND IDEAS EACH APRIL. THROUGHOUT THE YEAR, WE CHAMPION CREATIVE EXPRESSION AND INNOVATION IN OUR HOMETOWN THROUGH DANCE GATHERINGS, TALKS, AND LEADERSHIP CONVENINGS THAT SERVE ANOTHER 3,000+ CITIZEN LEADERS. THE TOM TOM FOUNDATION RECEIVED $211,000 IN NON-CASH DONATIONS IN THE FORM OF SERVICES, DISCOUNTS, AND SPACE USE FROM BUSINESS, EDUCATIONAL, AND GOVERNMENT INSTITUTIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $393,136
Program Service Revenue $147,286
Investment Income $113
Other Revenue $8,737
TOTAL REVENUE $549,272

Expense Breakdown

Grants Paid $0
Salaries & Benefits $386,003
Fundraising Expenses $0
Program Expenses $579,628
Other Expenses $241,844
TOTAL EXPENSES $627,847

Year-over-Year Comparison

2024 2023 Change
Revenue $549,272 $554,521 0.0%
Expenses $627,847 $615,429 +0.0%
Net Income $-78,575 $-60,908 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
100

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
3
$0
Key Employees
1
$95,290
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD BEYER TRUSTEE 1.00
Director
$0 $0 $0
JOHN E HARDING TRUSTEE 1.00
Director
$0 $0 $0
PETER CARAMANIS TRUSTEE 1.00
Director
$0 $0 $0
PAUL BEYER EXECUTIVE DIRECTOR 40.00
Key Emp
$95,290 $0 $95,290
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $549,272 $627,847 $513,118 $-78,575
2024 $554,521 $615,429 $580,527 $-60,908
2023 $402,369 $449,635 $651,341 $-47,266
2023 $394,369 $433,645 $651,341 $-39,276
2022 $768,107 $287,568 $694,434 $480,539
2021 $507,188 $381,151 $119,408 $126,037
2020 $197,993 $631,090 $200,637 $-433,097
2019 $1,197,762 $1,282,934 $65,138 $-85,172
2018 $1,213,737 $1,203,199 $204,870 $10,538
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