Turning Leaf Foundation Inc
- Assets
- $11.8m
- Revenue
- $9.6m
- Investments
- $3.0m
- Employees
- 0
- Location
- Natick, MA
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 04-3397818
Organization Overview
Turning Leaf Foundation Inc is located in Natick, MA. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Turning Leaf Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Turning Leaf Foundation Inc generated $9.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 57.7% each year . All expenses for the organization totaled $54.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Turning Leaf Foundation Inc has awarded 38 individual grants totaling $1,263,830. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE OPPORTUNITIES FOR POST SECONDARY EDUCATION TO STUDENTS FOR WHOM SUCH EDUCATION WOULD NOT OTHERWISE BE AVAILABLE
GRANTS TO 501(C)(3) OR EQUIVALENT ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Jacobson President, Secretary & Dir | 0 | $0 | |
Nancy L Jacobson Treasurer & Director | 0 | $0 | |
Joseph C Jacobson Director | 0 | $0 | |
Thomas M Vaubel Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,812,946 |
| Interest on Savings | $0 |
| Dividends & Interest | $127,228 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,624,229 |
| Capital Gain Net Income | $6,772,427 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,564,403 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,313 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,213 |
| Contributions, gifts, grants paid | $46,606 |
| Total expenses and disbursements | $54,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,835,866 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,821,273 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Turning Leaf Foundation Inc has awarded $46,606 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALAKRA - TANZANIA (ADDRESS INFORMATION AVAILABLE UPON REQUEST) PURPOSE: EDUCATION | $13,000 |
JOHN HAUF PRGMS - TANZANIA (ADDRESS INFORMATION AVAILABLE UPON REQUEST) PURPOSE: EDUCATION | $33,606 |