Toomer Family Foundation Tr Ua 07232004
Toomer Family Foundation maintains asset growth despite volatile revenue and consistent grantmaking expenses.
EIN: 206259017 · Carmel, IN · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $778K |
| Total Expenses | $92K |
| Program Spending | 90% |
| Net Assets | $1.3M |
| Transparency Score | 85/100 |
Is Toomer Family Foundation Tr Ua 07232004 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Toomer Family Foundation Tr Ua 07232004 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Toomer Family Foundation Tr Ua 07232004
Toomer Family Foundation Tr Ua 07232004 (EIN: 206259017) is a nonprofit organization based in Carmel, IN, classified under NTEE code T22. The organization reported total revenue of $778K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Toomer Family Foundation Tr Ua 07232004's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Toomer Family Foundation Tr Ua 07232004 is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13K |
| Total Expenses | $92K |
| Surplus / Deficit | $-78,335 |
| Total Assets | $1.3M |
| Total Liabilities | $1 |
| Net Assets | $1.3M |
| Operating Margin | -591.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 172.4 months |
Financial Health Grade: B
In 2023, Toomer Family Foundation Tr Ua 07232004 reported a deficit of $78K with expenses exceeding revenue, holds 172.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Toomer Family Foundation Tr Ua 07232004's revenue has declined at a compound annual growth rate (CAGR) of -5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -102.4% | -13.2% | -7.1% |
| 2021 | +446.4% | +46.4% | +31.1% |
| 2020 | -24.3% | -4.8% | +0.9% |
| 2019 | -33.7% | +67.1% | +49.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Toomer Family Foundation Tr Ua 07232004 with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Toomer Family Foundation Tr Ua 07232004 allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $78K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Toomer Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly favorable for resource allocation directly to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Toomer Family Foundation Tr Ua 07232004's IRS 990 filings:
- Volatile revenue, including negative revenue in 2022 ($-11,288) and a significant drop in 2023 ($13,234) from 2021 ($465,411).
Strengths
The following positive indicators were identified for Toomer Family Foundation Tr Ua 07232004:
- Consistent asset growth over the long term, from $350,029 in 2011 to $1,315,737 in 2023.
- Zero officer compensation reported across all filings, indicating efficient use of funds for its mission.
- Minimal liabilities ($0 or $1) across all reported periods, suggesting strong financial stability and low debt.
- As a private grantmaking foundation (NTEE T22), its expenses are primarily program-related (grants).
Frequently Asked Questions about Toomer Family Foundation Tr Ua 07232004
Is Toomer Family Foundation Tr Ua 07232004 a legitimate charity?
Toomer Family Foundation Tr Ua 07232004 (EIN: 206259017) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $778K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Toomer Family Foundation Tr Ua 07232004 spend its money?
Toomer Family Foundation Tr Ua 07232004 directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Toomer Family Foundation Tr Ua 07232004 tax-deductible?
Toomer Family Foundation Tr Ua 07232004 is registered as a tax-exempt nonprofit (EIN: 206259017). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Toomer Family Foundation Tr Ua 07232004 compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Toomer Family Foundation Tr Ua 07232004 is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Toomer Family Foundation Tr Ua 07232004 located?
Toomer Family Foundation Tr Ua 07232004 is headquartered in Carmel, Indiana and files with the IRS under EIN 206259017. It is classified under NTEE code T22.
How many years of IRS 990 filings does Toomer Family Foundation Tr Ua 07232004 have?
Toomer Family Foundation Tr Ua 07232004 has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $778K in total revenue.
What is the primary focus of the grants made by the Toomer Family Foundation?
Based on the NTEE code T22 (Private Grantmaking Foundations), the foundation's primary focus is making grants to other organizations or individuals, but the specific areas of these grants are not detailed in the provided financial summary.
Why was there negative revenue in 2022?
Negative revenue of $-11,288 in 2022 could be due to investment losses, returns of grants, or other non-operating income adjustments. The specific reason is not detailed in the provided summary.
How does the foundation manage its assets to achieve consistent growth?
The foundation's assets have grown from $350,029 in 2011 to $1,315,737 in 2023. This growth suggests effective investment strategies, though the specific investment portfolio or management approach is not detailed in the provided data.
Filing History
IRS 990 filing history for Toomer Family Foundation Tr Ua 07232004 showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Toomer Family Foundation Tr Ua 07232004's revenue has declined by 47%, moving from $25K to $13K. Total assets increased by 275.9% over the same period, from $350K to $1.3M. Total functional expenses rose by 294.2%, from $23K to $92K. In its most recent filing year (2023), Toomer Family Foundation Tr Ua 07232004 reported a deficit of $78K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13K | $92K | $1.3M | $1 | — | View 990 |
| 2022 | $-11,288 | $95K | $1.4M | $1 | — | View 990 |
| 2021 | $465K | $109K | $1.5M | $1 | — | — |
| 2020 | $85K | $75K | $1.1M | $1 | — | — |
| 2019 | $113K | $79K | $1.1M | $0 | — | View 990 |
| 2015 | $170K | $47K | $759K | $0 | — | View 990 |
| 2014 | $66K | $42K | $636K | $0 | — | View 990 |
| 2013 | $74K | $45K | $612K | $0 | — | View 990 |
| 2012 | $98K | $29K | $583K | $0 | — | View 990 |
| 2011 | $25K | $23K | $350K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13K, expenses of $92K, and assets of $1.3M.
- 2022: Revenue of $-11,288, expenses of $95K, and assets of $1.4M (revenue -102.4% year-over-year).
- 2021: Revenue of $465K, expenses of $109K, and assets of $1.5M (revenue +446.4% year-over-year).
- 2020: Revenue of $85K, expenses of $75K, and assets of $1.1M (revenue -24.3% year-over-year).
- 2019: Revenue of $113K, expenses of $79K, and assets of $1.1M (revenue -33.7% year-over-year).
- 2015: Revenue of $170K, expenses of $47K, and assets of $759K (revenue +156.0% year-over-year).
- 2014: Revenue of $66K, expenses of $42K, and assets of $636K (revenue -10.6% year-over-year).
- 2013: Revenue of $74K, expenses of $45K, and assets of $612K (revenue -24.6% year-over-year).
- 2012: Revenue of $98K, expenses of $29K, and assets of $583K (revenue +294.1% year-over-year).
- 2011: Revenue of $25K, expenses of $23K, and assets of $350K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Toomer Family Foundation Tr Ua 07232004:
Data Sources and Methodology
This transparency report for Toomer Family Foundation Tr Ua 07232004 is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.