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Toma Foundation

Tax-deductible

Austin, TX501(c)(3)EIN 75-2221904Revenue $293K in FY2024

On file with the IRStxosteo.org3305 Steck Ave, 78757-8154 · Austin, TXTax-exempt since Apr 2019Publicly supported — 509(a)(2)

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The Foundation is organized exclusively for charitable, educational and scientific purposes and more specifically to perform, in whole or in part, the charitable, educational and scientific purposes of the texas osteopathic medical association.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 4 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $3K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$61K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$293K
-4% vs prior year
Spent
$301K
To programs
80%
Net assets
$181K
By yearFY2020–FY2024
Revenue
$293K
FY2024▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$190K
FY2021$316K
FY2022$291K
FY2023$304K
FY2024$293K
Expenses
$301K
FY2024▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$191K
FY2021$294K
FY2022$305K
FY2023$317K
FY2024$301K
Net assets
$181K
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$194K
FY2021$216K
FY2022$202K
FY2023$190K
FY2024$181K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $240K Management & general 20% · $62K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
David Garza DO
Chairmain/President
$0Pt VII · Sec A
Lawrence Verfurth DO
Vice President/ Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Toma Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports charitable, educational, and scientific medical purposes for the Texas Osteopathic Medical Association.

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Provided by the organization

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1 program · $240K · in their own filed words · FY2024
01

Conducted educational annual meeting and mid-year meetings for texas osteopathic medical professionals.

$240Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 23 grants · $646K · 2020–2024
Texas Osteopathic Medical AssociationTX · FY2024$112,875
TX AcofpTX · FY2024$19,904
Unt Health Science CenterFY2024$10,682
University of the Incarnate WordTX · FY2024$9,045
Sam Houston State UniverstiyFY2024$5,620
Texas Osteopathic Medical AssociationTX · FY2023$90,226
Unt Health Science CenterFY2023$10,946
AcofpIL · FY2023$9,200
University of the Incarnate WordTX · FY2023$8,703
Sam Houston State UniverstiyFY2023$7,335
Texas Osteopathic Medical AssociationTX · FY2022$93,001
Unt Health Science CenterFY2022$9,334
AcofpIL · FY2022$8,415
University of the Incarnate WordTX · FY2022$8,009
Sam Houston State UniverstiyFY2022$7,334
Texas Osteopathic Medical AssociationTX · FY2021$128,063
AcofpIL · FY2021$15,464
Unt Health Science CenterFY2021$7,855
See all 23 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$293K
Ln 12
Fees for servicesLn 2g$274K
Gifts and grantsLn 1h$18K
Investment incomeLn 3$1K
Money outPt IX
$301K
Ln 25
Programscol B$240K
Managementcol C$62K
Owns and owesPt X
$181K
net assets · Ln 32
Cash and savingsLn 1–2$214K
Total assetsLn 16$242K
LiabilitiesLn 26$61K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18K
Fees for servicesLn 2g$274K
Investment incomeLn 3$1K
Total revenueLn 12$293K
Assets in detailPt X, end of year
CashLn 1$68K
SavingsLn 2$146K
Cash and savings togetherLn 1–2$214K
Total assetsLn 16$242K
LiabilitiesLn 26$61K
Net assetsLn 32$181K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$265K$214K
Total assetsLn 16$278K$242K
LiabilitiesLn 26$88K$61K
Net assetsLn 32$190K$181K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$159K$159K
Accounting feesLn 11c$6K$0$6K$0
Investment management feesLn 11f$4K$4K$0$0
Advertising and promotionLn 12$750$0$750$0
Office expensesLn 13$17K$0$17K$0
Information technologyLn 14$39K$0$39K$0
TravelLn 17$14K$14K$0$0
Conferences, conventions and meetingsLn 19$63K$63K$0$0
Total functional expensesLn 25$301K$240K$62K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $293K$301K−$8K$181K 990 PDF
FY2023 $304K$317K−$13K$190K 990 PDF
FY2022 $291K$305K−$14K$202K 990 PDF
FY2021 $316K$294K$22K$216K 990 PDF
FY2020 $190K$191K−$1K$194K 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
See the full FY2024 990 (6 parts)
Part I · Summary $293,136 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,904$18,200
I-9 Program service revenuePrior year $296,073$273,713
I-10 Investment incomePrior year $1,123$1,223
I-11 Other revenue$0
I-12 Total revenuePrior year $304,100$293,136
I-13 Grants and similar amounts paidPrior year $126,410$159,026
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $190,533$142,377
I-18 Total expensesPrior year $316,943$301,403
I-19 Revenue less expensesPrior year −$12,843−$8,267
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $293,136 across 5 lines filed
VIII-1f All other contributions, gifts and grants$18,200
VIII-1h Total contributions, gifts and grants$18,200
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$273,713
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $1,223$1,223
VIII-12 Total revenueRelated to mission $273,713 · Unrelated business $0 · Excluded from tax $1,223$293,136
Part IX · Statement of functional expenses $301,403 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $159,026$159,026
IX-11c Accounting feesPrograms $0 · Management $5,860 · Fundraising $0$5,860
IX-11f Investment management feesPrograms $3,698 · Management $0 · Fundraising $0$3,698
IX-12 Advertising and promotionPrograms $0 · Management $750 · Fundraising $0$750
IX-13 Office expensesPrograms $0 · Management $16,582 · Fundraising $0$16,582
IX-14 Information technologyPrograms $0 · Management $38,585 · Fundraising $0$38,585
IX-17 TravelPrograms $13,524 · Management $0 · Fundraising $0$13,524
IX-19 Conferences, conventions and meetingsPrograms $63,378 · Management $0 · Fundraising $0$63,378
IX-25 Total functional expensesPrograms $239,626 · Management $61,777 · Fundraising $0$301,403
Part X · Balance sheet $242,143 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $120,065$67,775
X-2 Savings and temporary cash investmentsStart of year $144,812$146,035
X-4 Accounts receivableStart of year $6,804$7,150
X-9 Prepaid expenses and deferred chargesStart of year $6,144$21,183
X-16 Total assetsStart of year $277,825$242,143
X-19 Deferred revenueStart of year $88,300$60,885
X-26 Total liabilitiesStart of year $88,300$60,885
X-27 Net assets without donor restrictionsStart of year $189,525$181,258
X-32 Total net assets or fund balancesStart of year $189,525$181,258
X-33 Total liabilities and net assetsStart of year $277,825$242,143
Part XI · Reconciliation of net assets $181,258 net assets at year end
XI-1 Total revenue$293,136
XI-2 Total expenses$301,403
XI-3 Revenue less expenses−$8,267
XI-4 Net assets at start of year$189,525
XI-10 Net assets at end of year$181,258

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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