Turningpoint Foundation
- Assets
- $20.1m
- Revenue
- -$1.1m
- Investments
- $18.3m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 06/2006
- Data as of
- 12/2022
- EIN
- 20-3979782
Organization Overview
Turningpoint Foundation is located in Dallas, TX. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Turningpoint Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Turningpoint Foundation has awarded 96 individual grants totaling $3,262,150. 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 |
|---|---|---|---|
Molly L Byrne Pres/director | 2 | $0 | |
Robert Byrne Sec/director | 1 | $0 | |
Trevor Colhoun Director | 1 | $0 | |
Ian Colhoun Treas/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,008 |
| Dividends & Interest | $282,422 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,371,196 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$1,086,766 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,275 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $261 |
| Total operating and administrative expenses | $146,974 |
| Contributions, gifts, grants paid | $1,218,400 |
| Total expenses and disbursements | $1,365,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,835,066 |
| 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 | $2,180,739 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,538 |
| Total assets | $20,112,313 |
| 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 | $1,218,400 |
| Total liabilities | $1,218,400 |
Grants Awarded
Over the last fiscal year, Turningpoint Foundation has awarded $1,218,400 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
BONTON ENTERPRISES PURPOSE: TOWARDS THE HOUSING PROGRAM | $25,000 |
THE BRIDGE HOMELESS RECOVERY CENTER PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
CHS COYOTE FOOTBALL PURPOSE: SUPPORT FOR YOUTH SPORTS | $20,000 |
DALLAS HOLOCAUST AND HUMAN RIGHTS MUSEUM PURPOSE: SUPPORT FOR THE HOPE FOR HUMANITY EVENT | $5,500 |
DALLAS MUSEUM OF ART PURPOSE: TOWARDS THE MUSEUM REDESIGN CAPITAL PROJCET | $200,000 |
FAMILY CENTERS OF GREENWICH PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |