Turner Family Foundation
- Assets
- $1.1m
- Revenue
- $99.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Franklin, TN
- Founding
- 01/1995
- Data as of
- 12/2023
- EIN
- 23-2792012
Organization Overview
Turner Family Foundation is located in Franklin, TN. The organization was established in 1995. 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. Turner Family 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, Turner Family Foundation generated $99.2k 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 (18.2%) each year. All expenses for the organization totaled $151.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (22.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Turner Family Foundation has awarded 205 individual grants totaling $10,625,145. 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 |
|---|---|---|---|
Robert E Turner Jr President | 1 | $0 | |
Carolyn Turner Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,233 |
| Dividends & Interest | $4,010 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $73,112 |
| Capital Gain Net Income | $73,112 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,857 |
| Total Revenue | $99,212 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,252 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,751 |
| Total operating and administrative expenses | $21,003 |
| Contributions, gifts, grants paid | $130,250 |
| Total expenses and disbursements | $151,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $311,292 |
| 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 | $815,573 |
| Total assets | $1,126,865 |
| 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 | $11,618 |
| Total liabilities | $11,618 |
Grants Awarded
Over the last fiscal year, Turner Family Foundation has awarded $130,250 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
EPISCOPAL ACADEMY PURPOSE: EPISCOPAL FUND | $5,000 |
UNIVERSITY OF NOTRE DAME PURPOSE: GENERAL | $25,000 |
PHILADELPHIA ZOO PURPOSE: GENERAL | $5,000 |
UNITY OF SAVANNAH PURPOSE: GENERAL OPERATIONS | $65,000 |
HOP ON A CURE PURPOSE: GENERAL | $500 |
SECOND HARVEST PURPOSE: GENERAL | $26,750 |