BETA

TOM TOM FOUNDATION: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
TOM TOM FOUNDATION (EIN 46-2048771)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-11-13
IRS object ID
201503179349308010
Schema version
2014v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2015-11-13T15:19:57-06:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN460597233PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WHITE BECKERT AND ASSOCIATES LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1210 RIDGE MCINTIRE ROAD SUITE 250AddressLine1Txt
CityCHARLOTTESVILLECityNm
State AbbreviationVAStateAbbreviationCd
ZIP22903ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN462048771EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TOM TOM FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTOMTBusinessNameControlTxt
Phone4349817045PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1660 HUNTERS PLACE SUITE 101AddressLine1Txt
CityCHARLOTTESVILLECityNm
State AbbreviationVAStateAbbreviationCd
ZIP22911ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPAUL BEYERPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone4349817045PhoneNum
Signature2015-11-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPAUL G BECKERTPreparerPersonNm
PTINP01081545PTIN
Phone4343265210PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-03-07 17:11:31ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRICHARD BEYERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1660 HUNTERS PLACE SUITE 101AddressLine1Txt
CityCHARLOTTESVILLECityNm
State AbbreviationVAStateAbbreviationCd
ZIP22911ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$228,640GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.TOMTOMFOUNDATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2013FormationYr
Legal Domicile StateVALegalDomicileStateCd
Activity Or MissionTO CELEBRATE AND EMPOWER THE FOUNDERS OF CREATIVE, CIVIC, AND ENTREPRENEURIAL PROJECTS.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers291TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$62,500PYContributionsGrantsAmt
CY Contributions Grants$177,615CYContributionsGrantsAmt
PY Program Service Revenue$250PYProgramServiceRevenueAmt
CY Program Service Revenue$51,025CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$62,750PYTotalRevenueAmt
CY Total Revenue$228,640CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$48,000PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$39,214CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$4,433CYTotalFundraisingExpenseAmt
PY Other Expenses$15,294PYOtherExpensesAmt
CY Other Expenses$180,740CYOtherExpensesAmt
PY Total Expenses$63,294PYTotalExpensesAmt
CY Total Expenses$219,954CYTotalExpensesAmt
PY Revenues Less Expenses-$544PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$8,686CYRevenuesLessExpensesAmt
Total Assets BOY$456TotalAssetsBOYAmt
Total Assets EOY$8,600TotalAssetsEOYAmt
Total Liabilities BOY$1,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$458TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$544NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$8,142NetAssetsOrFundBalancesEOYAmt
MissionTO PROMOTE PUBLIC EDUCATION AND AWARENESS ABOUT ART,INNOVATION, AND ENTREPRENEURSHIP IN CHARLOTTESVILLE, VIRGINIA AND SURROUNDING AREAS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$188,741ExpenseAmt
Revenue$51,025RevenueAmt
DescTHE ANNUAL TOM TOM FOUNDERS FESTIVAL HOSTS OVER 238 HOURS OF COMMUNITY BASED EVENTS, FORUMS, LECTURES, CONCERTS, AND WORKSHOPS. TOM TOM'S FLAGSHIP PROGRAM, FOUNDERS DAY WEEKEND, PROVIDES OPPORTUNITIES TO EXPERIENCE AND LEARN ABOUT LOCAL MUSIC, ART, DESIGN, BUSINESS, SCIENCE, TECHNOLOGY, AND AN OPPORTUNITY TO EXPLORE NEW IDEAS AND ENTERPRISES. OVER 22,000 VISTORS ATTENDED EVENTS BENEFITING THE CITY OF CHARLOTTESVILLE AND SURROUNDING REGIONS.Desc
Total Program Service Expenses$188,741TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan OutstandingYes (1)LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer EntYes (1)BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document18IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind0Form8899Filedind
Form1098 C Filed0Form1098CFiledInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PAUL BEYERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4349817045PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1100 W SOUTH STREET 1DAddressLine1Txt
CityCHARLOTTESVILLECityNm
State AbbreviationVAStateAbbreviationCd
ZIP229025099ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeInd
RICHARD BEYER
TRUSTEE1.00Yes (X)$0$0$0
JOHN E HARDING
TRUSTEE1.00Yes (X)$0$0$0
BLAKE HURT
TRUSTEE1.00Yes (X)$0$0$0
PAUL BEYER
EXECUTIVE DIRECTOR40.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$949FundraisingAmt
Government Grants$27,525GovernmentGrantsAmt
All Other Contributions$149,141AllOtherContributionsAmt
Total Contributions$177,615TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescTOM TOM FOUNDERS FESTIDesc
Business813410BusinessCd
Total Revenue Column$51,025TotalRevenueColumnAmt
Related Or Exempt Func Income$51,025RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$51,025TotalProgramServiceRevenueAmt
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$949ContriRptFundraisingEventAmt
Fundraising Direct Expenses$0FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$228,640TotalRevenueColumnAmt
Related Or Exempt Func Income$51,025RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$39,214TotalAmt
Program Services$34,014ProgramServicesAmt
Management And General$5,200ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$2,406TotalAmt
Management And General$2,406ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$1,225TotalAmt
Management And General$1,225ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$12,910TotalAmt
Program Services$12,910ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$52,490TotalAmt
Program Services$49,690ProgramServicesAmt
Fundraising$2,800FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$8,860TotalAmt
Management And General$8,860ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$32,677TotalAmt
Program Services$28,924ProgramServicesAmt
Management And General$2,120ManagementAndGeneralAmt
Fundraising$1,633FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$13,100TotalAmt
Program Services$6,875ProgramServicesAmt
Management And General$6,225ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$6,462TotalAmt
Program Services$5,718ProgramServicesAmt
Management And General$744ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescFESTIVAL EXPENSEDesc
Total$50,610TotalAmt
Program Services$50,610ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$219,954TotalAmt
Program Services$188,741ProgramServicesAmt
Management And General$26,780ManagementAndGeneralAmt
Fundraising$4,433FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$456BOYAmt
EOY$8,600EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$456BOYAmt
EOY$8,600EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$1,000BOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$458EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,000BOYAmt
EOY$458EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY-$544BOYAmt
EOY$8,142EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$544BOYAmt
EOY$8,142EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$456BOYAmt
EOY$8,600EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$8,686ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$62,500CurrentTaxYearMinus1YearAmt
Current Tax Year$177,614CurrentTaxYearAmt
Total$240,114TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$250CurrentTaxYearMinus1YearAmt
Current Tax Year$51,025CurrentTaxYearAmt
Total$51,275TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$62,750CurrentTaxYearMinus1YearAmt
Current Tax Year$228,639CurrentTaxYearAmt
Total$291,389TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$291,389PublicSupportTotal509Amt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$62,750CurrentTaxYearMinus1YearAmt
Current Tax Year$228,639CurrentTaxYearAmt
Total$291,389TotalAmt
FieldValueIRS element (for citing)
Public Support CY5091.00000PublicSupportCY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescCREDIT CARD PAYABLEDesc
Amt$458Amt
FieldValueIRS element (for citing)
Total Liability$458TotalLiabilityAmt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

FieldValueIRS element (for citing)
PersonPAUL BEYERPersonNm
Relationship With OrgKEY EMPLOYEE - DIRECTOR OF BUSINESS OPERATIONSRelationshipWithOrgTxt
Loan PurposeTO PROVIDE A SHORT-TERM CASH LOAN FOR OPENING CHECKING ACCOUNT DEPOSIT.LoanPurposeTxt
Loan To OrganizationYes (X)LoanToOrganizationInd
Original Principal$1,000OriginalPrincipalAmt
Balance Due$0BalanceDueAmt
Default0DefaultInd
Board Or Committee ApprovalYes (1)BoardOrCommitteeApprovalInd
Written Agreement0WrittenAgreementInd

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TOM TOM FOUNDERS FESTIVAL LLC 45-4371565BusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship DescriptionPAUL BEYER, EXECUTIVE DIRECTOR, OWNS 100% OF TOM TOM FOUNDERS FESTIVAL, LLCRelationshipDescriptionTxt
Transaction$30,000TransactionAmt
TransactionTHE TOM TOM FOUNDATION, 46-2048771, (FOUNDATION) CONTRACTED WITH TOM TOM FOUNDERS FESTIVAL, LLC, 45-4371565, (LLC) TO ASSIST IN THE MANAGEMENT AND PRODUCTION OF THE 2013 AND 2014 TOM TOM FOUNDERS FESTIVALS. THE LLC ORGANIZED THE INITIAL TOM TOM FOUNDERS FESTIVAL IN MARCH 2012. AFTER THE 2012 EVENT, MR. BEYER ORGANIZED THE FOUNDATION AS A 501(C)(3) NOT-FOR-PROFIT CORPORATION. TRANSACTIONS BETWEEN THE LLC AND FOUNDATION WERE NECESSARY TO TRANSITION MANGEMENT AND ASSOCIATED BUSINESS TRANSACTIONS TO THE FOUNDATION. AS OF DECEMBER 31, 2014, THE FOUNDATION HAD ASSUMED FULL RESPONSIBILITY FOR ALL FACETS OF THE FESTIVAL, RELATED EVENTS, AND NO LONGER CONTRACTED WITH THE LLC. THE FOUNDATION HAS NO FUTURE PLANS TO CONTRACT WITH THE LLC. FOR THE TAX YEAR ENDED DECEMBER 31, 2014, THE FOUNDATION HAD ACCRUED PAYABLES TO THE LLC OF $17,131. THE OUTSTANDING BALANCE WAS PAID IN FULL ON FEBRUARY 19, 2015 TERMINATING THE RELATIONSHIP BETWEEN THE TWO ENTITIES.TransactionDesc
Sharing Of Revenues0SharingOfRevenuesInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2A FAMILY RELATIONSHIP EXISTS BETWEEN THE TOM TOM FOUNDATION'S EXECUTIVE DIRECTOR, PAUL BEYER, AND BOARD OF DIRECTOR, TRUSTEE, RICHARD BEYER.
FORM 990, PART VI, SECTION B, LINE 11TOM TOM POLICY REQUIRES THE BOARD OF DIRECTORS REVIEW AND APPROVE THE TAX RETURN PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE BUSINESS OF THE FOUNDATION IS CONSISTENTLY REVIEWED AND MONITORED BY THE TRUSTEES AT THEIR REGULAR MEETINGS. THE TRUSTEES ENSURE EACH OF THEM IS KNOWLEDGEABLE ABOUT AND COMFORTABLE WITH THE DEALINGS OF THE FOUNDATION, INCLUDING THAT ITS OPERATIONS ARE TRANSPARENT, THAT ITS CHARITABLE PURPOSE IS BEING FURTHERED AND THAT NO CONFLICTS OF INTEREST EXIST.
FORM 990, PART VI, SECTION C, LINE 18ALL RECORDS ARE AVAILABLE UPON REQUEST.
FORM 990, PART VI, SECTION C, LINE 19TOM TOM FOUNDATION'S GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.

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