Tomson Fam Foundation Tr
- Assets
- $13.7m
- Revenue
- $1.5m
- Investments
- $13.5m
- Employees
- 0
- Location
- Mason City, IA
- Founding
- 02/2014
- Data as of
- 12/2022
- EIN
- 35-6947483
Organization Overview
Tomson Fam Foundation Tr is located in Mason City, IA. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Tomson Fam Foundation Tr 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, Tomson Fam Foundation Tr generated $1.5m 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 (16.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Tomson Fam Foundation Tr has awarded 163 individual grants totaling $2,895,500. 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 |
|---|---|---|---|
O Jay Tomson President/secretary | 0.1 | $0 | |
Patricia A Tomson Vice President | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $885,753 |
| Interest on Savings | $4,057 |
| Dividends & Interest | $377,258 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $255,104 |
| Capital Gain Net Income | $255,104 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,522,172 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,839 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,469 |
| Contributions, gifts, grants paid | $1,048,000 |
| Total expenses and disbursements | $1,064,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,019 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,726,838 |
| 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, Tomson Fam Foundation Tr has awarded $1,048,000 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
43 NORTH IOWA PURPOSE: GENERAL SUPPORT | $1,000 |
ARTIGRAS PURPOSE: ANNUAL FUNDRAISING EVENT FOR THE ARTS | $10,000 |
CASA PURPOSE: GENERAL SUPPORT | $2,000 |
CEDAR VALLEY SEMINARY FOUNDATION PURPOSE: OPERATING EXPENSES | $5,000 |
CERRO GORDO COUNTY SHERIFF PURPOSE: SHERIFF'S DISCRETION | $2,000 |
CHARLES CITY FAMILY YMCA PURPOSE: GENERAL SUPPORT | $5,000 |