Tomorrow's America Foundation
Legal name: Tomorrows America Foundation Inc
Nonprofit profile at a glance
- EIN
- 581346815
- IRS 990 coverage
- 2014–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Clover, SC, USA
- Phone
- 8036280000
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $261,759
- Expenses
- $241,497
- Assets
- $718,406
- Liabilities
- $738
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Karen Broome (Vice President)
- Michael Broome (President)
Highest reported compensation
- Karen Broome (Vice President): $27,000 total reported compensation
- Michael Broome (President): $21,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Tomorrow’s America Foundation, Inc. is a non-profit, tax exempt 501(c)(3) organization that provides opportunities through the Broyhill Leadership Conferences for youth to become effective leaders who will strengthen our nation and build a better world tomorrow. In 1946 Paul and his father began a charitable fund that would help children of their employees go to college. That fund grew over the years in financial worth and areas of interest into the current Broyhill Family Foundation. The foundation has given millions of dollars to support higher education, medical research, and other charitable endeavors. Endowment funds at numerous universities and hospitals provide ongoing support of programs and research. Paul and his brother, U.S. Senator Jim Broyhill, were instrumental in establishing Caldwell Community College & Technical Institute. Paul believed that students who did not want...
What it reported doing in 2024
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.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 92
- Accountability: 40
- Sustainability: 55
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.7%; rating input score 90
- Program expense ratio: 93.7%; rating input score 94
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 33.3%; rating input score 33; 15th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 7.7%; rating input score 56; 56th percentile among comparable filings
- Total-asset coverage ratio: 2.97; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 56; 56th percentile among comparable filings
- Officer compensation ratio: 19.9%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 3.1% per year; rating input score 100; 45th percentile among comparable filings
- Revenue growth: 0.7% per year; rating input score 100; 27th percentile among comparable filings
- Asset growth: 8.8% per year; rating input score 100; 62nd percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 89.7% of revenue deployed · 93.7% of spending went to programs
- Governance: 1 of 3 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $226K in reported program spending
- Leadership: top reported pay $27K · 3 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 9 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Independent voting board scored 33/100.
- Review — Accountability: Governance controls: 4 of 8 not reported.
- Review — Sustainability: Operating margin scored 56/100.
- High — Sustainability: Officer compensation ratio scored 19/100.
- Review — Sustainability: Liabilities to assets ratio scored 56/100.