Tom Tom Foundation FY2024 filing

Charlottesvle, VA · Public charity (501(c)(3)) · Arts & Culture

✓ Tax-deductible
Revenue
$555K
+41% vs prior year
Spent
$615K
To programs
93%
Net assets
$122K
By yearFY2021–FY2025
Revenue
$555K
FY2024▲ +41%
Revenue by fiscal year
FY2021$507K
FY2022$768K
FY2023$394K
FY2024$555K
FY2025$549K
Expenses
$615K
FY2024▲ +42%
Expenses by fiscal year
FY2021$381K
FY2022$288K
FY2023$434K
FY2024$615K
FY2025$628K
Net assets
$122K
FY2024▼ -36%
Net assets by fiscal year
FY2021−$250K
FY2022$230K
FY2023$191K
FY2024$122K
FY2025$44K

From the FY2024 Form 990 (year ending June 2024) · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CTom Tom Foundation
EINHdr · item D46-2048771
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 2014
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CCharlottesvle, VA
NTEE classificationIRS BMFArts & Culture (A23)
WebsiteHdr · item Jwww.tomtomfoundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$572K
Management & general7%$43K
Total functional expensesLn 25$615K

Financial health

Is it on solid ground?

Program efficiency
93%
of spending reaches programs
Operating runway
8.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$581K
FY2024▼ -11%
Total assets by fiscal year
FY2021$119K
FY2022$694K
FY2023$651K
FY2024$581K
FY2025$513K
Total liabilities
$458K
FY2024-0.4%
Total liabilities by fiscal year
FY2021$370K
FY2022$464K
FY2023$460K
FY2024$458K
FY2025$470K
Revenue less expensesPt I · Ln 19−$61K
Total assetsPt X · Ln 16$581K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$98K
Total assetsLn 16$581K
Total liabilitiesLn 26$458K
Total net assetsLn 32$122K
Months of cash on handcomputed1.9

Statement of Revenue

Part VIII
Contributions & grants$403K · 73%
Program service revenue$145K · 26%
Other revenue$5K · 1%
Contributions & grants73%$403K
Program service revenue26%$145K
Other revenue1%$5K
Investment income$761
— government grantsLn 1e$43K
Total revenueLn 12$555K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $453K · Operating expenses/yr $615K
8.8 months
Where the money goes
Program services
Program services $572K · Total expenses $615K
93%
Management & General
Management & general $43K · Total expenses $615K
7%
Fundraising
Fundraising $0 · Total expenses $615K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $386K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $403K · Total revenue $555K
73%
Government reliance
Government grants $43K · Total revenue $555K
8%
Earned-income share
Program service revenue $145K · Total revenue $555K
26%
Investment reliance
Investment income $761 · Total revenue $555K
+0.1%
Program self-sufficiency
Program service revenue $145K · Total expenses $615K
24%
Growth & trend
Revenue growth (YoY)
This year $555K · Prior year $394K
+41%
Net-asset trend (YoY)
End of year $122K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $555K · Expenses $615K
-11%
Liabilities-to-Assets
Total liabilities — · Total assets $581K
—
Net-asset ratio
Net assets $122K · Total assets $581K
21%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $355K · Total assets (Pt X, ln 16) $581K
61%
People & payroll
Highest Reported Total Compensation
Individual Paul Beyer · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $81K · Total expenses $615K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $296K · Total expenses $615K
48%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 93%——
Overhead ratio 7%——
Fundraising cost ratio 0%——
Revenue growth 41%——
Accounting fee ratio 1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$80,630Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Paul Beyer’s $95K as Executive Director is at the 86th percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Paul Beyer$95,290$80,630$86,889$87,960$55,567

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Tom Tom Foundation executive salaries →

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Empowers founders of creative, civic, and entrepreneurial projects.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $572K of program spending, described in the organization's own filed words · FY2023.
01

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…

$572Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$2K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $549K$628K-0.9% 990 PDF
FY2024 Viewing $555K$615K+41% 990 PDF
FY2023 $394K$434K-49% 990 PDF
FY2022 $768K$288K+51% 990 PDF
FY2021 $507K$381K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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