Jane Smith Turner Foundation Inc
- Assets
- $15.6m
- Revenue
- $339.5k
- Investments
- $14.8m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 01/1995
- Data as of
- 12/2023
- EIN
- 38-3199326
Organization Overview
Jane Smith Turner Foundation Inc is located in Detroit, MI. The organization was established in 1995. 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. Jane Smith Turner 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 12/2023, Jane Smith Turner Foundation Inc generated $339.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (24.4%) each year. All expenses for the organization totaled $998.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jane Smith Turner Foundation Inc has awarded 45 individual grants totaling $681,000. 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 |
|---|---|---|---|
Jane Smith Turner President | 0.5 | $0 | |
Rhett Lee Turner Director | 0.25 | $0 | |
Sarah Jane Turner Garlington Director | 0.25 | $0 | |
David W Laughlin Treasurer | 0.25 | $0 | |
Laura Turner Seydel Director | 0.25 | $0 | |
Reed Beauregard Turner Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $75,127 |
| Dividends & Interest | $376,449 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$102,198 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$9,869 |
| Total Revenue | $339,509 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $106,635 |
| Contributions, gifts, grants paid | $891,500 |
| Total expenses and disbursements | $998,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $805,880 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,579,612 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Jane Smith Turner Foundation Inc has awarded $681,000 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN BIRD CONSERVANCY PURPOSE: CHARITABLE | $1,000 |
AMERICAN FARMLAND TRUST PURPOSE: CHARITABLE | $20,000 |
AMERICAN INDIAN COLLEGE FUND PURPOSE: CHARITABLE | $15,000 |
BROOKS SCHOOL PURPOSE: CHARITABLE | $5,000 |
CAMPS SUNSHINE PURPOSE: CHARITABLE | $10,000 |
BLUEGRASS LAND CONSERVANCY PURPOSE: CHARITABLE | $5,000 |