Alice E Turner Memorial Trust
- Assets
- $1.1m
- Revenue
- $66.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Saginaw, MI
- Founding
- 01/1994
- Data as of
- 12/2022
- EIN
- 38-6501366
Organization Overview
Alice E Turner Memorial Trust is located in Saginaw, MI. The organization was established in 1994. 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. Alice E Turner Memorial Trust 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, Alice E Turner Memorial Trust generated $66.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $91.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Alice E Turner Memorial Trust has awarded 140 individual grants totaling $371,523. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DOES NOT CONDUCT DIRECT CHARITABLE ACTIVITIES OR INCUR EXPENSES RELATIVE TO CHARITABLE ACTIVITIES, EXCEPT IN THE PERFORMANCE OF THE NECESSARY EVALUATION OF GRANTS TO THE ORGINIZATION AS SET FORTH IN PART XV.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Humphreys President | 1 | $8,520 | |
Suzanne Lozano Treasurer | 1 | $1,200 | |
Randy Wierda Vice Preside | 1 | $1,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $184 |
| Dividends & Interest | $22,519 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $44,044 |
| Capital Gain Net Income | $44,044 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $66,747 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,920 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,656 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,148 |
| Total operating and administrative expenses | $36,405 |
| Contributions, gifts, grants paid | $55,037 |
| Total expenses and disbursements | $91,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,244 |
| 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 | $1,076,605 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,092,849 |
| 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, Alice E Turner Memorial Trust has awarded $55,037 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTER PURPOSE: SAGINAW OUTREACH PROGRAM | $2,500 |
CITY RESCUE MISSION OF SAGINAW INC PURPOSE: FINANCIAL SUPPORT FOR PROGRAM | $1,000 |
ASHRAT PURPOSE: GENERAL FUND | $1,000 |
BOYS SCOUTS OF AMERICA PURPOSE: FINANCIAL SUPPORT FOR PROGRAM | $2,000 |
EMMAUS HOUSE PURPOSE: DISTRIBUTION CENTER | $6,000 |
GIRL SCOUTS HEART OF MICHIGAN PURPOSE: GENERAL FUND | $1,000 |