Turkeyland Cove Foundation Inc
- Assets
- $463.3k
- Revenue
- $108.8k
- Investments
- $361.6k
- Employees
- 0
- Location
- Edgartown, MA
- Founding
- 03/2011
- Data as of
- 12/2021
- EIN
- 27-3887812
Organization Overview
Turkeyland Cove Foundation Inc is located in Edgartown, MA. The organization was established in 2011. 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. Turkeyland Cove 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 12/2021, Turkeyland Cove Foundation Inc generated $108.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $140.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
THE FOUNDATION PROVIDES A RETREAT FOR WOMEN IN VARIOUS STAGES OF TRANSITION TO HELP PROPEL THEIR LIVES IN A NEW DIRECTION, WHETHER IT BE A CAREER CHANGE, ACADEMIC ACHIEVEMENT, PERSONAL EVOLUTION OR OTHERWISE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Welsh Executive Director | 15 | $35,467 | |
Katherine M Burke Fmr. President, Treasurer, Clerk | 20.5 | $0 | |
Colleen Delvecchio President | 5 | $0 | |
Beverly Mazza Director | 2.5 | $0 | |
Kathy Torantola Clerk | 5 | $0 | |
Melissa Welch Director | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,550 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,813 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,472 |
| Capital Gain Net Income | $23,472 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $108,835 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,467 |
| Other employee salaries and wages | $21,630 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,548 |
| Depreciation | $0 |
| Occupancy | $13,164 |
| Travel, conferences, and meetings | $8,237 |
| Printing and publications | $0 |
| Other expenses | $38,199 |
| Total operating and administrative expenses | $140,046 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $140,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,677 |
| 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 | $361,579 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $463,256 |
| Accounts payable and accrued expenses | $850 |
| 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 | $706 |
| Total liabilities | $1,556 |
Grants Awarded
Over the last fiscal year, Turkeyland Cove Foundation Inc has awarded $1,507 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
TINA JENKINS BELL PURPOSE: TO ASSIST WITH EXPENSES | $450 |
LAURIE REYMAN PURPOSE: TO ASSIST WITH EXPENSES | $350 |
KELLY ALLEN THOMAS PURPOSE: TO ASSIST WITH EXPENSES | $350 |
JENNIFER LEONARD PURPOSE: TO ASSIST WITH EXPENSES | $200 |
CJ SCARLET PURPOSE: TO ASSIST WITH EXPENSES | $157 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |
Paul E Singer Foundation New York, NY | $412,018,579 | $19,273,091 |
Bernard And Anne Spitzer Charitable Tr New York, NY | $0 | $17,565,686 |