Overview
What is The Toma Foundation Inc?
The Toma Foundation Inc, situated in New Haven, Indiana, is a compassionate nonprofit organization with a focus on empowering children struggling with learning disabilities. By offering educational assistance, the foundation aims to enhance their overall quality of life. With a dedicated team of one individual, The Toma Foundation Inc works tirelessly to make a positive impact in these children's lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 10%
The Toma Foundation Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored only 10% in this category, highlighting a lack of transparency and governance. Notably, the foundation lacks independent board members, which raises questions about its decision-making processes and oversight.
Additionally, the financial statements are not available, indicating potential issues with accountability. The charity has several missing policies, such as conflict of interest and whistleblower policies, which are essential for ensuring ethical operations. Furthermore, the foundation's program expense ratio is only 34.21%, suggesting that a less significant portion of its funds are directed toward its charitable mission.
Overall, the low rating reflects considerable gaps in transparency, board independence, and essential organizational policies. Potential donors and stakeholders should exercise caution and seek further information before engaging with this nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is The Toma Foundation Inc legitimate?
The Toma Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Toma Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Toma Foundation Inc?
The Toma Foundation Inc's mission is centered around offering educational aid and enhancing the overall quality of life for children who struggle with learning disabilities. By providing this assistance, the foundation aims to make a significant impact in their lives, enabling them to thrive in their academic pursuits and overall well-being. The organization's activities are geared towards fostering an environment that caters to the unique needs of these children, ensuring they receive the support they require to reach their full potential.
Who is the CEO of The Toma Foundation Inc?
Matthew Tsuleff is the President of The Toma Foundation Inc.
What is the revenue of The Toma Foundation Inc?
The Toma Foundation Inc's revenue in 2022 was $603,070.
Who are the executives of The Toma Foundation Inc and what are their salaries?
There is 1 employee and 10 volunteers at The Toma Foundation Inc.
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for The Toma Foundation Inc?
The Toma Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Toma Foundation Inc
The Toma Foundation Inc, as a nonprofit organization, is devoted to providing educational assistance and enhancing the quality of life for children struggling with learning disabilities. Its mission, in essence, is to offer support and improvement in various aspects of life for these children, enabling them to overcome their academic challenges. By focusing on education, The Toma Foundation aims to empower these children, helping them to reach their full potential and lead fulfilling lives.
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Impact
July, 2024
The Toma Foundation Inc's impact lies in providing educational assistance and improvements in the quality of life for children with learning disabilities. By focusing on supporting these children, the foundation is making a significant difference in enhancing their education and overall well-being.
This information is meant to be a general summary of The Toma Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $138
- Gross Receipts: $4,085,786
Assets and Liabilities:
- Total Assets: $876,518
- Total Liabilities: $806,701
- Net Assets: $69,817
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Restaurant
Organization Details
Phone
(260) 413-5486Principal Officer
Matthew Tsuleff
Main Address
330 Entrance Drive, New Haven, IN, 46774
NTEE Category
Code: T30 - Philanthropy
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