Turnip Top Foundation
- Assets
- $1.6m
- Revenue
- $61.5k
- Investments
- $1.6m
- Employees
- 0
- Location
- Santa Fe, NM
- Founding
- 09/2005
- Data as of
- 12/2023
- EIN
- 20-1510559
Organization Overview
Turnip Top Foundation is located in Santa Fe, NM. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Turnip Top Foundation 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 12/2023, Turnip Top Foundation generated $61.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $206.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Turnip Top Foundation has awarded 328 individual grants totaling $1,290,600. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Magowan Director | 2 | $0 | |
Juliet Mattila Director | 2 | $0 | |
Felix Magowan Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $341 |
| Dividends & Interest | $16,321 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $44,825 |
| Capital Gain Net Income | $44,825 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $61,487 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $27 |
| Taxes | $687 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $23,311 |
| Contributions, gifts, grants paid | $183,350 |
| Total expenses and disbursements | $206,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108 |
| 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 | $449 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,612,218 |
| 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, Turnip Top Foundation has awarded $183,350 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
1350 PURPOSE: SUPPORT - 501C3 ORGANIZATION | $1,350 |
MESA PRIETA PETROGLYPH PURPOSE: SUPPORT - 501C3 ORGANIZATION | $500 |
METRO OPERA FUND PURPOSE: SUPPORT - 501C3 ORGANIZATION | $500 |
SANTA FE FAT TIRE SOC PURPOSE: SUPPORT - 501C3 ORGANIZATION | $1,000 |
PLANNED PARENTHOOD PURPOSE: SUPPORT - 501C3 ORGANIZATION | $1,000 |
SOUTHWEST NORDIC SKI CLUB PURPOSE: SUPPORT - 501C3 ORGANIZATION | $1,000 |