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Nonprofit · EIN 58-1346815

TOMORROWS AMERICA FOUNDATION INC

Tax-exempt · CLOVER, SC 29710

Financials

$310K$242K2023$262K$241K2024
Revenue Expenses · by fiscal year end
Financials of TOMORROWS AMERICA FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$261,759$241,497$20,262$718,406$738$717,668
December 31, 2023990$309,864$242,189$67,675$632,552$716$631,836
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$114,750
Program service revenue
$120,094
Investment income
$23,682
Net gain from sales of assets
$7,525
Other revenue
$3,233

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$48,000
Other salaries and wages
$30,428
Salaries, compensation and benefits (total)
$87,006
Professional fundraising fees
$0
Occupancy
$6,000
Program services (functional)
$226,246
Management and general (functional)
$15,251

Balance sheet and other

Total assets, start of year
$632,552
Total assets, end of year
$718,406
Total liabilities, end of year
$738
Net assets, end of year
$717,668
Publicly traded securities
$671,892
Net assets without donor restrictions
$717,668
Gross receipts
$315,084
Employees
17
Year formed
1982
State of legal domicile
SC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Karen BroomeVice President
Trustee or director
30$27,000
Michael BroomePresident
Trustee or director
1$21,000
Sheila Triplett-BradyDirector
Trustee or director
1$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
Karen BroomeVice President
Trustee or director
30$27,000
Michael BroomePresident
Trustee or director
1$21,000
Sheila Triplett-BradyDirector
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1450 BEERSHEBA RD S, CLOVER, SC 29710-7754
Principal officer (990 for 2024)
Karen Broome, 1450 S Beersheba Road, Clover, SC 29710
Signed the 990
Karen Broome, Vice President
Phone
(803) 628-0000
Return prepared by
The Hobbs Group PA

Mission

To conduct youth leadership conferences in North Carolina and South Carolina.

990 for the year ended December 31, 2024

Program accomplishments

  • Tomorrow's America Foundation Inc. conducts youth leadership conferences in NC and SC. These camps last several days and they require the youth to stay overnight.
    Expenses $226,246 · revenue $120,094

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
58-1346815
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1979
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$718,406
Income (IRS master file)
$315,084

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$261,759$241,497$718,406XML
990December 2023$309,864$242,189$632,552IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-1346815).

Questions about TOMORROWS AMERICA FOUNDATION INC

What is the EIN of TOMORROWS AMERICA FOUNDATION INC?
The employer identification number (EIN) of TOMORROWS AMERICA FOUNDATION INC is 58-1346815.
Is TOMORROWS AMERICA FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
Are donations to TOMORROWS AMERICA FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TOMORROWS AMERICA FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of TOMORROWS AMERICA FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TOMORROWS AMERICA FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of TOMORROWS AMERICA FOUNDATION INC?
The 990 for the year ended December 31, 2024 names Karen Broome.
Who are the officers and directors of TOMORROWS AMERICA FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 3 people; 2 received compensation from the organization, the highest $27,000 (Karen Broome, Vice President).
How much revenue does TOMORROWS AMERICA FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $261,759, expenses of $241,497 and total assets of $718,406 at year end.

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