Tomorrows America Foundation Inc is located in Clover, SC. The organization was established in 1979. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Tomorrows America Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tomorrows America Foundation Inc 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, Tomorrows America Foundation Inc generated $179.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $165.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT YOUTH LEADERSHIP CONFERENCES IN NORTH CAROLINA AND SOUTH CAROLINA
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOMORROWS AMERICA FOUNDATION INC CONDUCTS YOUTH LEADERSHIP CONFERENCES IN NC AND SC. THESE CAMPS LAST SEVERAL DAYS AND THEY REQUIRE THE YOUTH TO STAY OVERNIGHT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Karen Broome Vice President | Officer | 30 | $27,000 |
Michael Broome President | Officer | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $115,000 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $115,000 |
Total Program Service Revenue | $53,312 |
Investment income | $11,225 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $179,667 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $27,000 |
Compensation of current officers, directors, key employees. | $27,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $27,545 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $4,173 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $7,655 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $2,928 |
Office expenses | $2,351 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $54,916 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $780 |
Insurance | $7,197 |
All other expenses | $5,171 |
Total functional expenses | $165,348 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $53,366 |
Savings and temporary cash investments | $36,366 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $780 |
Investments—publicly traded securities | $566,109 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,440 |
Total assets | $658,061 |
Accounts payable and accrued expenses | $771 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $771 |
Net assets without donor restrictions | $657,290 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $658,061 |
Over the last fiscal year, we have identified 1 grants that Tomorrows America Foundation Inc has recieved totaling $100,000.
Awarding Organization | Amount |
---|---|
Broyhill Family Foundation Inc Lenoir, NC PURPOSE: YOUTH DEVELOPMENT | $100,000 |
Organization Name | Assets | Revenue |
---|---|---|
Iptay Clemson, SC | $124,989,602 | $72,209,791 |
Youth Enrichment Program Of Wilson Wilson, NC | $22,968,665 | $15,099,824 |
National Association Of Competitive Soccer Clubs Myrtle Beach, SC | $2,349,314 | $12,740,248 |
National Honorary Beta Club Spartanburg, SC | $16,976,895 | $7,178,910 |
Girls On The Run International Charlotte, NC | $10,723,648 | $6,480,865 |
Corners Outreach Inc Peachtree Corners, GA | $1,471,202 | $3,739,961 |
Horizons Atlanta Inc Atlanta, GA | $3,035,876 | $3,541,460 |
Durham Childrens Initiative Durham, NC | $2,025,864 | $2,503,533 |
Camp Kudzu Inc Atlanta, GA | $2,213,204 | $2,347,555 |
Childrens Cancer Partners Of The Carolinas Inc Spartanburg, SC | $2,472,941 | $2,689,678 |
Urbanpromise Charlotte Charlotte, NC | $1,805,956 | $3,303,316 |
Future Foundation Inc Atlanta, GA | $453,569 | $1,952,212 |