Turn 2 Foundation Inc
- Assets
- $5.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 9
- Location
- Independence, OH
- Founding
- 07/1997
- Data as of
- 12/2022
- EIN
- 34-1847687
Organization Overview
Turn 2 Foundation Inc is located in Independence, OH. The organization was established in 1997. 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. As of 12/2022, Turn 2 Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Turn 2 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 12/2022, Turn 2 Foundation Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $4.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Turn 2 Foundation Inc has awarded 68 individual grants totaling $2,874,666. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND SUPPORT SIGNATURE PROGRAMS AND ACTIVITIES THAT MOTIVATE YOUNG PEOPLE TO TURN AWAY FROM DRUGS AND ALCOHOL AND "TURN 2" HEALTHY LIFESTYLES. THROUGH THESE VENTURES, THE FOUNDATION STRIVES TO CREATE OUTLETS TO PROMOTE & REWARD ACADEMIC EXCELLENCE, LEADERSHIP DEVELOPMENT & POSITIVE BEHAVIOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSOR GRANTS AND SCHOLARSHIPS FOR PROGRAMS THAT ENCOURAGE AND SUPPORT STUDENTS WHO ACHIEVE ACADEMICALLY, DISPLAY POSITIVE BEHAVIOR, LEAD HEALTHY LIFESTYLES, AND PARTICIPATE IN COMMUNITY ACTIVITIES.
OTHER CHARITABLE PROGRAMS
SPONSOR JETER'S LEADERS PROGRAMS IN THE NEW YORK CITY AREA THAT RECOGNIZE STUDENTS FOR THEIR ACADEMIC ACHIEVEMENT, EXTRACURRICULAR ACTIVITIES, & COMMUNITY SERVICE
SPONSOR JETER'S LEADERS PROGRAMS IN THE KALAMAZOO AREA THAT RECOGNIZE STUDENTS FOR THEIR ACADEMIC ACHIEVEMENT, EXTRACURRICULAR ACTIVITIES, & COMMUNITY SERVICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek S Jeter Chairman, Director | OfficerTrustee | 1 | $0 |
Sanderson Charles Jeter Vice Chairman, Director | OfficerTrustee | 1 | $0 |
Dorothy Jeter Treasurer, Director | OfficerTrustee | 1 | $0 |
Sharlee Jeter President/secretary, Direc | OfficerTrustee | 20 | $0 |
Nneka Frye Director | Trustee | 1 | $0 |
Gerald Williams Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $712,028 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,582,517 |
| Noncash contributions included in lines 1a–1f | $1,530 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,294,545 |
| Total Program Service Revenue | $0 |
| Investment income | $56,245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,416 |
| Net Income from Fundraising Events | -$551,012 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,793,494 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,737,700 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $25,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,713 |
| Compensation of current officers, directors, key employees. | $11,738 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $527,253 |
| Pension plan accruals and contributions | $18,149 |
| Other employee benefits | $118,855 |
| Payroll taxes | $52,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $203,719 |
| Advertising and promotion | $0 |
| Office expenses | $61,199 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,354 |
| Travel | $150,205 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,014 |
| Insurance | $16,946 |
| All other expenses | $10,471 |
| Total functional expenses | $4,233,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135 |
| Savings and temporary cash investments | $2,046,656 |
| Pledges and grants receivable | $358,592 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,398 |
| Net Land, buildings, and equipment | $13,031 |
| Investments—publicly traded securities | $3,120,419 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,624 |
| Total assets | $5,569,855 |
| Accounts payable and accrued expenses | $8,889 |
| Grants payable | $5,235,700 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,244,589 |
| Net assets without donor restrictions | $325,266 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,569,855 |
Grants Awarded
Over the last fiscal year, Turn 2 Foundation Inc has awarded $257,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF JOE W BROWN MEMORIAL PARK & LOUISIANA NATURE CENTER PURPOSE: GENERAL SUPPORT | $10,000 |
HANDS ON NEW ORLEANS PURPOSE: GENERAL SUPPORT | $17,000 |
NEW YORK PRESBYTERIAN HOSPITAL PURPOSE: GENERAL SUPPORT | $75,000 |
AARON JUDGE ALL RISE FOUNDATION PURPOSE: GENERAL SUPPORT | $25,000 |
PHOENIX HOUSE PURPOSE: GENERAL SUPPORT | $100,000 |
STAND UP TO CANCER PURPOSE: GENERAL SUPPORT | $10,000 |