Tomara Corporation
- Assets
- $188.7k
- Revenue
- $108.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Collinsville, IL
- Founding
- 01/1987
- Data as of
- 12/2023
- EIN
- 37-1193115
Organization Overview
Tomara Corporation is located in Collinsville, IL. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Tomara Corporation 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 12/2023, Tomara Corporation generated $108.9k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $126.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Tomara Corporation has awarded 120 individual grants totaling $400,800. 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 |
|---|---|---|---|
Thomas Welch President And Trustee | 0 | $0 | |
Kevin M Welch Trustee And Secretary/ Treasurer | 0 | $0 | |
Robert Herr Trustee | 0 | $0 | |
Carolyn J Welch Asst Secretary/ Treasurer | 0 | $0 | |
Paul A Welch Attorney And Administrator | 3 | $30,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $108,861 |
| Interest on Savings | $21 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $108,882 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $712 |
| Total operating and administrative expenses | $35,237 |
| Contributions, gifts, grants paid | $91,000 |
| Total expenses and disbursements | $126,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $188,662 |
| 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 | $188,662 |
| 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, Tomara Corporation has awarded $91,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
HANNAH FEDORCHAK PURPOSE: SCHOLARSHIP | $3,000 |
JONATHAN FILGES PURPOSE: SCHOLARSHIP | $1,500 |
WADE FILGES PURPOSE: SCHOLARSHIP | $1,500 |
ABIGAIL FOSTER PURPOSE: SCHOLARSHIP | $3,000 |
LUCAS J GEISEN PURPOSE: SCHOLARSHIP | $3,000 |
ALEXYS HAM PURPOSE: SCHOLARSHIP | $3,000 |