Tm23 Foundation EIN 83-3013087

Tm23 Foundation

EIN  83-3013087 Public charity (501(c)(3)) Los Angeles, CA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Builds fields and programs to teach kids life skills through sports.
Leadership
Nikki · Mark
Money in and out
$295K revenue, $24K expenses
Bottom line
89% program efficiency

Builds fields and programs to teach kids life skills through sports. For fiscal year 2024 it reported $295K in revenue, $24K in expenses, and $429K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$295K
Pt VIII · Ln 12
Total expenses
$24K
Pt IX · Ln 25
Net assets
$429K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $271K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.11
Program efficiency
89%
of spending reaches programs▲ +26% vs prior filing year
Operating runway
187.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+92%
revenue over expenses, this year▼ -1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$295K
FY2024▲ +145%
Expenses
$24K
FY2024▲ +191%
Total assets
$432K
FY2024▲ +167%
Total liabilities
$3K
FY2024▼ -12%
Total revenue
$295K
Pt VIII · Ln 12
Total expenses
$24K
Pt IX · Ln 25
Net assets
$429K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$271K
Total assetsPt X · Ln 16$432K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $21K of program spending, described in the organization's own filed words · FY2024.
01

Support and develop programming and infrastructure that teach children and young adults the heart of life. Initiatives include the development of public multi-sport fields and related PROGRAMMING/TOURNAMENTS to increase access for all

$21Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTm23 Foundation
EINHdr · item D83-3013087
Principal addressHdr · item CLos Angeles, CA
WebsiteHdr · item Jtm23foundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFFeb 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Mark
$0Pt VII · Sec A
Kaufman
$0Pt VII · Sec A
Lewis
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$289K · 98%
Investment income$5K · 2%
Contributions & grants98%$289K
Investment income2%$5K
Total revenueLn 12$295K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.11
Program services89%$21K
Management & general11%$3K
Total functional expensesLn 25$24K

Balance Sheet

Part X · end of year
CashLn 1$252K
Total assetsLn 16$432K
Total liabilitiesLn 26$3K
Total net assetsLn 32$429K
Months of cash on handcomputed125.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $377K · Operating expenses/yr $24K
187.2 months
Where the money goes
Program services
Program services $21K · Total expenses $24K
89%
Management & General
Management & general $3K · Total expenses $24K
11%
Fundraising
Fundraising $0 · Total expenses $24K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $434K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $289K · Total revenue $295K
98%
Government reliance
Government grants — · Total revenue $295K
Earned-income share
Program service revenue $0 · Total revenue $295K
0%
Investment reliance
Investment income $5K · Total revenue $295K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $24K
0%
Growth & trend
Revenue growth (YoY)
This year $295K · Prior year $120K
+145%
Revenue CAGR
FY2020 $151K · FY2024 $295K
+18%
Net-asset trend (YoY)
End of year $429K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $295K · Expenses $24K
+92%
Liabilities-to-Assets
Total liabilities — · Total assets $432K
Net-asset ratio
Net assets $429K · Total assets $432K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $125K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $432K
29%
People & payroll
Highest Reported Total Compensation
Individual Nikki · Reported title MARK · Highest reported compensation $0 · Total expenses $24K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $24K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 11%
Fundraising cost ratio 0%
Revenue growth 145%
Accounting fee ratio 8%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$40K
See all 3 funders →
Grants paid · 2 grants · $2.4M · 2020–2022
Vista Del MarFY2022$1,196,500
Los Angeles Parks and RecreationFY2020$1,200,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$295K revenue · viewing · ⤓ 990 PDF
FY2023$120K revenue · ⤓ 990 PDF
FY2022$892K revenue · ⤓ 990 PDF
FY2021$224K revenue · ⤓ 990 PDF
FY2020$151K revenue · ⤓ 990 PDF

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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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