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← TUMO FOUNDATION

Form 990 for tax year 2022

Filed by TUMO FOUNDATION.

What the amendment changed

Compared with the return it replaced , filed 1 May 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$35,265,307 changed to $27,622,376
Total expenses
$9,892,679 changed to $9,892,450
Contributions and grants received
$35,125,571 changed to $27,716,945
Investment income
$112,007 changed to -$122,298
Total assets, end of year
$36,706,549 changed to $37,377,322
Total liabilities, end of year
$15,000 changed to $1,728,720
Net assets or fund balances, end of year
$36,691,549 changed to $35,648,602
Management and general expenses
$6,532 changed to $943
Fundraising expenses
$0 changed to $5,360

Listed only on the earlier return

  • Elie Akilian

Listed only on the later return

  • Ellie Akilian

Totals

Total revenue
$27,622,376
Total expenses
$9,892,450
Contributions and grants received
$27,716,945
Grants paid
$9,743,500
Program service revenue
$0
Investment income
-$122,298
Other revenue
$27,729
Total assets, end of year
$37,377,322
Total liabilities, end of year
$1,728,720
Net assets or fund balances, end of year
$35,648,602
Program services expenses (Part IX)
$9,886,147
Management and general expenses
$943
Fundraising expenses
$5,360
Program service expenses (Part III)
$9,886,147

Program services were 99.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $27,716,945

  • 1g · Noncash contributions included above

    $9,116,780

  • 3 · Investment income

    total $185,746 · excluded $185,746

  • 6a · Gross rents

    real property $27,729

  • 6c · Rental income or loss

    real property $27,729

  • 6d · Net rental income or loss

    total $27,729 · excluded $27,729

  • 7a · Gross sales of assets other than inventory

    securities $15,258,256

  • 7b · Less cost or other basis and sales expenses

    securities $15,566,300

  • 7c · Gain or loss

    securities -$308,044

  • 7d · Net gain or loss

    total -$308,044 · excluded -$308,044

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $9,743,500 · program services $9,743,500

  • 11c · Fees: accounting

    total $5,360 · fundraising $5,360

  • 11g · Fees: other

    total $82,301 · program services $82,301

  • 17 · Travel

    total $48,404 · program services $48,404

  • 24a · Other expenses: PROPERTY TAX

    total $11,942 · program services $11,942

  • 24b · Other expenses: BANK FEES

    total $146 · management and general $146

  • 24c · Other expenses: COLLECTION FEES

    total $797 · management and general $797

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,956

  • 2 · Savings and temporary cash investments

    beginning of year $1,228,421 · end of year $10,397,104

  • 4 · Accounts receivable

    end of year $20,061

  • 10a · Land, buildings and equipment: cost or other basis

    $24,953,357

  • 10c · Land, buildings and equipment, net

    end of year $24,953,357

  • 11 · Investments: publicly traded securities

    beginning of year $16,688,299 · end of year $2,006,800

  • 23 · Secured mortgages and notes payable

    end of year $1,713,720

  • 25 · Other liabilities

    end of year $15,000

  • 27 · Net assets without donor restrictions

    beginning of year $17,918,676 · end of year $35,648,602

Mission and programs · 2022

Mission

FINANCIAL SUPPORT FOR TUMO LEARNING CENTER (ARMENIA), A FREE-OF-CHARGE EDUCATIONALPROGRAM THAT PUTS TEENS IN CHARGE OF THEIR OWN LEARNING. SELF LEARNING ACTIVITIES,WORKSHOPS AND PROJECT LABS AROUND TECHNOLOGICAL AND BUSINESS APPLICATIONS.

  • FINANCIAL SUPPORT FOR TUMO LEARNING CENTER (ARMENIA)

    Expenses $9,886,147 · Grants $9,743,500

As filed on the 2022 return.

Listed in Part VII

  • Vahe Kuzoyan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nairi Hourdajian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Raffi Krikorian

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Sam Simonian

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4
  • Ellie Akilian

    TREASURER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
5 February 2025
IRS schema version
2022v5.0
Source object
202510369349300841

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