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← TUMO FOUNDATION

Form 990 for tax year 2024

Filed by TUMO FOUNDATION.

Totals

Total revenue
$16,919,215
Total expenses
$16,234,753
Contributions and grants received
$16,251,360
Grants paid
$15,359,530
Program service revenue
$0
Investment income
$730,757
Other revenue
-$62,902
Total assets, end of year
$30,360,194
Total liabilities, end of year
$1,730,470
Net assets or fund balances, end of year
$28,629,724
Program services expenses (Part IX)
$15,574,178
Management and general expenses
$311,135
Fundraising expenses
$349,440
Program service expenses (Part III)
$15,574,178

Program services were 95.9% 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.

  • 1e · Government grants (contributions)

    $5,700,000

  • 1f · All other contributions, gifts and grants

    $10,551,360

  • 1g · Noncash contributions included above

    $174,067

  • 3 · Investment income

    total $730,764 · excluded $730,764

  • 6a · Gross rents

    real property $62,807

  • 6b · Less rental expenses

    real property $145,115

  • 6c · Rental income or loss

    real property -$82,308

  • 6d · Net rental income or loss

    total -$82,308 · excluded -$82,308

  • 7a · Gross sales of assets other than inventory

    securities $173,592

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

    securities $173,599

  • 7c · Gain or loss

    securities -$7

  • 7d · Net gain or loss

    total -$7 · excluded -$7

  • 8a · Fundraising events: gross income

    $35,745

  • 8b · Fundraising events: direct expenses

    $16,339

  • 8c · Net income from fundraising events

    total $19,406 · excluded $19,406

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,060 · program services $2,060

  • 3 · Grants to foreign organizations and individuals

    total $15,357,470 · program services $15,357,470

  • 5 · Compensation of officers, directors and key employees

    total $415,584 · program services $31,517 · management and general $136,112 · fundraising $247,955

  • 7 · Other salaries and wages

    total $127,227 · program services $53,625 · management and general $5,942 · fundraising $67,660

  • 9 · Other employee benefits

    total $5,053 · fundraising $5,053

  • 10 · Payroll taxes

    total $36,765 · program services $5,882 · management and general $9,559 · fundraising $21,324

  • 11b · Fees: legal

    total $10,329 · management and general $10,329

  • 11c · Fees: accounting

    total $26,945 · management and general $26,945

  • 11e · Fees: professional fundraising services

    total $4,948 · fundraising $4,948

  • 11g · Fees: other

    total $5,769 · management and general $5,769

  • 12 · Advertising and promotion

    total $11,636 · program services $11,636

  • 13 · Office expenses

    total $22,768 · program services $3,917 · management and general $16,351 · fundraising $2,500

  • 17 · Travel

    total $108,204 · program services $107,692 · management and general $512

  • 19 · Conferences, conventions and meetings

    total $574 · program services $379 · management and general $195

  • 23 · Insurance

    total $53,111 · management and general $53,111

  • 24a · Other expenses: PENALTIES

    total $46,310 · management and general $46,310

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $511,399 · end of year $385,434

  • 2 · Savings and temporary cash investments

    beginning of year $9,097,830 · end of year $9,076,897

  • 3 · Pledges and grants receivable

    beginning of year $1,622,042 · end of year $375,265

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

    $18,007,607

  • 10b · Land, buildings and equipment: accumulated depreciation

    $138,850

  • 10c · Land, buildings and equipment, net

    beginning of year $17,926,641 · end of year $17,868,757

  • 11 · Investments: publicly traded securities

    beginning of year $6,132

  • 15 · Other assets

    beginning of year $599,492 · end of year $2,653,841

  • 17 · Accounts payable and accrued expenses

    beginning of year $87,804

  • 24 · Unsecured notes and loans payable

    beginning of year $1,713,720 · end of year $1,713,720

  • 25 · Other liabilities

    beginning of year $16,750 · end of year $16,750

  • 27 · Net assets without donor restrictions

    beginning of year $8,936,940 · end of year $9,621,402

  • 28 · Net assets with donor restrictions

    beginning of year $19,008,322 · end of year $19,008,322

Mission and programs · 2024

Mission

TUMO FOUNDATION SERVES TO PROVIDE FREE AFTER-SCHOOL EDUCATIONAL PROGRAMMING TO TEENS AT THE INTERSECTION OF DESIGN AND TECHNOLOGY.

  • TUMO FOUNDATION CREATES AND FUNDS CENTERS FOCUSED ON PROVIDING AFTER SCHOOL ACTIVITIES TO PROMOTE EDUCATIONAL PURPOSES IN DESIGN AND TECHNOLOGY. THE PROGRAMS ARE FREE TO QUALIFYING STUDENTS. IN 2024, SUPPORT FOR A CENTER IN ARMENIA ALLOWED IT TO CONTINUE SERVING MORE THAN 25,000 STUDENTS. ADDITIONALLY, THE RENOVATION OF PROPERTY IN THE UNITED STATES CONTINUED TO PREPARE FOR A NEW CENTER TO BE OPENED IN 2025.

    Expenses $15,574,178 · Grants $15,359,530

As filed on the 2024 return.

Listed in Part VII

  • SAMUEL SIMONIAN

    PRESIDENT/DI

    Total calculated
    $0
    Hours/week
    10

  • RAFFI KRIKORIAN

    SECRETARY/DI

    Total calculated
    $0
    Hours/week
    0.5

  • ELIE AKILIAN

    TREASURER/DI

    Total calculated
    $0
    Hours/week
    0.5

  • VAHE KUZOYAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • NAIRI TASHIJAN HOURDAJIAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • SAWYER HESCOCK

    CEO TUMO LA

    Total calculated
    $157,589
    From this org
    $150,000
    From related orgs
    $0
    Other
    $7,589
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $7,589
    Filer's total
    $157,589

  • ANGELA KHURDAJIAN

    VP PHILANTHR

    Total calculated
    $257,995
    From this org
    $248,237
    From related orgs
    $0
    Other
    $9,758
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,237
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $9,758
    Filer's total
    $257,995

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • TUMO LA LLC

    REAL EST. · CA · assets $377,652

    Directly controlled by TUMO FOUND

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.0
Source object
202503189349304310

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