Tumo Foundation
- Assets
- $11.3m
- Revenue
- $13.8m
- Investments
- $10.1m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 08/2012
- Data as of
- 12/2021
- EIN
- 45-2130686
Organization Overview
Tumo Foundation is located in Dallas, TX. The organization was established in 2012. 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. Tumo Foundation 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 12/2021, Tumo Foundation generated $13.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.8% each year . All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAKING GRANTS TO CHARITABLE ORGANIZATIONS THAT EDUCATE CHILDREN, TEACHERS AND ENTREPENEURS IN THE AREAS OF COMPUTERS, BUSINESS AND BASIC ENGLISH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Mina Director | 0 | $0 | |
Sylva Simonian Secretary | 1 | $0 | |
Annie Ghannoum Director | 0 | $0 | |
Boghos Kirazian Director | 0 | $0 | |
Zapur Ohanian Director | 0 | $0 | |
Aida Kantzabedian Nanikian Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clark Hill Strasburger | 12/30/19 | $7,739 |
Brorson & Associates Pc | 12/30/19 | $1,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,752,835 |
| Interest on Savings | $186 |
| 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 | $13,753,021 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $15,733 |
| Printing and publications | $0 |
| Other expenses | $25,013 |
| Total operating and administrative expenses | $48,789 |
| Contributions, gifts, grants paid | $2,618,000 |
| Total expenses and disbursements | $2,666,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,800 |
| Savings and temporary cash investments | $1,224,621 |
| 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 | $11,318,921 |
| 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, Tumo Foundation has awarded $2,710,472 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SIMONIAN EDUCATION FOUNDATION PURPOSE: EDUCATION OF ARMENIAN YOUTH IN BUSINESS, COMPUTER AND ENGLISH | $2,630,472 |
New York, NY PURPOSE: CHARITABLE GIFT | $80,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tumo Foundation has recieved totaling $210,637.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $210,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $637 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |