Turrell Fund
- Assets
- $0.0
- Revenue
- $5.8m
- Investments
- $125.9m
- Employees
- 0
- Location
- Montclair, NJ
- Founding
- 02/1937
- Data as of
- 12/2021
- EIN
- 22-1551936
Organization Overview
Turrell Fund is located in Montclair, NJ. The organization was established in 1937. 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. Turrell Fund 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 12/2021, Turrell Fund generated $5.8m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $7.1m during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Turrell Fund has awarded 824 individual grants totaling $19,405,785. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STMT 16
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtland E Fields President & Ceo/secretary | 50 | $754,425 | |
Richard A Ribeiro Cfo/treasurer | 50 | $256,500 | |
S Lawrence Prendergast Chairperson | 10 | $2,500 | |
Robert E Angelica Trustee | 3 | $2,500 | |
Elizabeth W Christie Trustee | 3 | $0 | |
Reverend William S Gannon Thru 523 Trustee | 3 | $2,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Strategic Investment Group | 12/30/23 | $422,927 |
Bny Mellon | 12/30/23 | $97,928 |
Northeast Technology Support | 12/30/23 | $166,572 |
Pkf O'connor Davies Llp | 12/30/23 | $66,750 |
Chiesa Shahinian Giantomasi | 12/30/23 | $56,313 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $7,864 |
| Dividends & Interest | $386,682 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,954 |
| Total Revenue | $5,785,897 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $779,080 |
| Pension plans, employee benefits | $449,765 |
| Depreciation | $0 |
| Occupancy | $93,873 |
| Travel, conferences, and meetings | $40,491 |
| Printing and publications | $227 |
| Total operating and administrative expenses | $3,142,018 |
| Contributions, gifts, grants paid | $3,968,675 |
| Total expenses and disbursements | $7,110,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Investments—mortgage loans | $1,579 |
| Investments—other | $118,859,070 |
| Other assets | $100,795 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $96,295 |
Grants Awarded
Over the last fiscal year, Turrell Fund has awarded $3,634,933 in support to 156 organizations.
| Grant Recipient | Amount |
|---|---|
ACRE FAMILY CHILD CARE PURPOSE: PROGRAM SUPPORT | $7,500 |
AMERICAN COMPOSERS ORCHESTRA PURPOSE: PROGRAM SUPPORT | $2,000 |
BARTON LIBRARY CLUB PURPOSE: PROGRAM SUPPORT | $1,000 |
ARTS BUS INC PURPOSE: PROGRAM SUPPORT | $7,900 |
BOYS & GIRLS CLUB OF PATERSON INC PURPOSE: PROGRAM SUPPORT | $20,000 |
APOSTLES' HOUSE PURPOSE: PROGRAM SUPPORT | $3,500 |