The Turn
- Assets
- $3.1m
- Revenue
- $947.0k
- Investments
- $0.0
- Employees
- 0
- Location
- North Olmsted, OH
- Founding
- 12/1970
- Data as of
- 12/2021
- EIN
- 34-6519665
Organization Overview
The Turn is located in North Olmsted, OH. The organization was established in 1970. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Turn 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, Turn generated $947.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $938.5k during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING THE HEALTH AND WELLNESS OF PEOPLE WITH PHYSICAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEEKLY PROGRAMS FOR BOTH INDIVIDUALS AND LOCAL GROUPS ARE CONDUCTED YEAR-ROUND AT THE CAMPUS OF THE WHARTON CENTER AT NORTH OLMSTED GOLF CLUB, WHICH IT OWNS AND OPERATES. THE FULLY-ACCESSIBLE, STATE-OF-THE-ART CAMPUS INCLUDES A FITNESS CENTER, INDOOR ADAPTIVE RECREATION CENTER AND A 9-HOLE, EXECUTIVE GOLF COURSE BOASTING A FLEET OF ADAPTIVE VEHICLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Abbey Treasurer And Secretary | OfficerTrustee | 1 | $0 |
Mark Telerico Immediate Past President | OfficerTrustee | 1 | $0 |
Howard Essner President | OfficerTrustee | 1 | $0 |
Bill Fry Vice President | OfficerTrustee | 1 | $0 |
Frank Rihtar Director | Officer | 20 | $0 |
Robert J Schulze Jr Chief Executive Officer | Officer | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,185 |
| Fundraising events | $33,900 |
| Related organizations | $15,000 |
| Government grants | $96,729 |
| All other contributions, gifts, grants, and similar amounts not included above | $281,885 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $438,699 |
| Total Program Service Revenue | $312,307 |
| Investment income | $11,114 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,958 |
| Net Income from Fundraising Events | $158,947 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $947,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $12,235 |
| Fees for services: Legal | $1,618 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,195 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,256 |
| Office expenses | $23,303 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,084 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,970 |
| Interest | $21,316 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,386 |
| Insurance | $16,586 |
| All other expenses | $64,577 |
| Total functional expenses | $938,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,126 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $37,500 |
| Accounts receivable, net | $917 |
| 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 | $1,898 |
| Net Land, buildings, and equipment | $2,324,304 |
| Investments—publicly traded securities | $448,992 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,140,737 |
| Accounts payable and accrued expenses | $36,974 |
| Grants payable | $0 |
| 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 | $302,822 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,888 |
| Total liabilities | $356,684 |
| Net assets without donor restrictions | $2,703,217 |
| Net assets with donor restrictions | $80,836 |
| 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 | $3,140,737 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Turn has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Wadsworth Golf Charities Foundation Plainfield, IL PURPOSE: TO FURTHER THE FOUNDATION'S EXEMPT PURPOSES. | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard U Light Foundation Kalamazoo, MI | $629,730 | $25,417,215 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Ruth Mott Foundation Flint, MI | $290,091,185 | $30,117,543 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |