Foundations For Tomorrow Inc in Rome, Georgia (GA)

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Foundations For Tomorrow Inc
Employer Identification Number (EIN)201919433
Name of OrganizationFoundations For Tomorrow Inc
In Care of NamePatrick Oneal
Address15 Mimosa Dr Se, Rome, GA 30161
Websitehttp://foundations1.com
SubsectionCharitable Organization
Ruling Date06/2006
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2014
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$37,151
Amount of Income$393,072
Form 990 Revenue Amount$393,072
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


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Amount of income in 2014: $393,072 (it was $24,596 in 2012)
This organization: 

 $393,072
Other organizations performing similar types of work: 

 $105,489

Assets in 2014: $37,151 (it was $23,939 in 2012)
Foundations For Tomorrow Inc: 

 $37,151
Other organizations performing similar types of work: 

 $325,460

Expenses in 2012: $27,358
Foundations For Tomorrow Inc: 

 $27,358
Other organizations performing similar types of work: 

 $49,058

Income to expenses ratio in 2012: 14.4
This organization: 

 14.4
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2012: 2.7%
This organization: 

 2.7%
Other organizations performing similar types of work: 

 22.8%

Financial snapshot ($)

Revenue for 2012

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$24,596
Contributions, gifts, grants, and similar amounts received$675
Program service revenue including government fees and contracts$23,920
Membership dues and assessments$0
Investment income$1
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$27,358
Total net assets$23,939
Deficit for the year$-2,762
Net assets or fund balances at beginning of year$26,701
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$23,939
Total liabilities$0
Net assets or fund balances$23,939
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
2008 - 2012 Total
Total support$1,522,486
Gifts, grants, contributions, and membership fees received$1,498,566
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$23,920
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Correll Family Foundation Inc191 Peachtree St Ste 4050, Atlanta, GA 30303-1786GA2005-12$21,778,557
2Naserian Foundation Inc3223 Howell Mill Rd Nw, Atlanta, GA 30327-4105GA2013-06$10,139,438
3The Gaby Family Foundation400 Galleria Pkwy Se Ste 1050, Atlanta, GA 30339-5934GA2012-02$8,225,749
4Soma Foundation IncPO BOX 5346, Columbus, GA 31906-0346GA2014-10$7,554,465
5Graham Family Foundation IncPO BOX 52047, Atlanta, GA 30355-0047GA2010-11$7,264,309
6Eden Charitable Foundation Inc9182 Selborne Ln, Palmetto, GA 30268-2268GA2012-07$6,521,959
7Tom And Linda Hannon Foundation Inc1851 Collinsworth Rd, Palmetto, GA 30268-9407GA2005-04$5,933,914
8Melvin Douglas And Victoria Kay Ivester Foundation Inc411 Peachtree Battle Ave Nw, Atlanta, GA 30305-4032GA2012-11$5,478,044
9Jesse David Hendley Foundation Inc380 Boling Dr, Marietta, GA 30068-3601GA2012-12$5,422,494
10Tillotson-Menlo Charitablefoundation IncPO BOX 389, Menlo, GA 30731-0389GA2006-01$3,805,889
11Virginia Kimbrough Clark Reese & Thomas Matt Reese TrustPO BOX 23024, Columbus, GA 31902-3024GA2000-03$3,605,675
12The Klump Family Foundation Inc3060 Peachtree Rd Nw Ste 400, Atlanta, GA 30305-2239GA2008-05$3,521,432
13Entelechy FoundationPO BOX 57343, Atlanta, GA 30343-1343GA2015-04$3,500,000
14Another Chance Foundation Inc3259 Duluth Highway 120 Suite 200, Duluth, GA 30096-3652GA2015-02$3,003,256
15Simmons Family Foundation Trust 111003 3025889073, Simmons Norbert Et Al Ttee75 14th St Ne Unit 3240, Atlanta, GA 30309-7607GA2004-02$2,743,272
16Dan Laz Foundation Inc40 Kenmare Hall Ne, Atlanta, GA 30324-2566GA2013-05$2,107,316
17Waters Foundation Inc35 Island Dr, Savannah, GA 31406-5238GA2006-10$2,099,691
18Sophia Academy Inc1199 Bellaire Dr Ne, Brookhaven, GA 30319-1105GA2000-01$1,981,384
19Go Big Red Foundation, James K & Sarah J Walton Ttee5038 Carol Ln Nw, Atlanta, GA 30327-4615GA2013-06$1,952,345
20Shoff Foundation Inc1325 Satellite Blvd Nw Ste 1001, Suwanee, GA 30024-4698GA2012-06$1,927,566
Number of organizations performing similar types of work
Alaska25
Alabama219
Arkansas78
Arizona303
California2,586
Colorado408
Connecticut419
District of Columbia111
Delaware583
Florida1,525
Georgia481
Hawaii85
Iowa178
Idaho58
Illinois1,113
Indiana311
Kansas157
Kentucky167
Louisiana161
Massachusetts705
Maryland425
Maine85
Michigan619
Minnesota384
Missouri346
Mississippi70
Montana69
North Carolina788
North Dakota20
Nebraska169
New Hampshire75
New Jersey876
New Mexico92
Nevada215
New York2,617
Ohio698
Oklahoma228
Oregon208
Pennsylvania1,086
Rhode Island184
South Carolina171
South Dakota32
Tennessee266
Texas1,263
Utah274
Virginia477
Vermont54
Washington401
Wisconsin354
West Virginia69
Wyoming63
International44
Total22,395

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