Turtle Trust Foundation
- Assets
- $218.8k
- Revenue
- $11.7k
- Investments
- $207.3k
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 08/1996
- Data as of
- 12/2021
- EIN
- 41-1850596
Organization Overview
Turtle Trust Foundation is located in Minneapolis, MN. The organization was established in 1996. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Turtle Trust Foundation 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, Turtle Trust Foundation generated $11.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (57.3%) each year. All expenses for the organization totaled $21.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy Markowitz Director | 1 | $0 | |
Warren S Watson Secretary/treasurer | 1 | $0 | |
Wendy K Watson President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $7,042 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,615 |
| Capital Gain Net Income | $4,615 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14 |
| Total Revenue | $11,672 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,660 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,067 |
| Contributions, gifts, grants paid | $18,500 |
| Total expenses and disbursements | $21,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,523 |
| 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 | $207,294 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $218,817 |
| 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, Turtle Trust Foundation has awarded $18,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: GENERAL SUPPORT | $6,000 |
Boston, MA PURPOSE: MARK JOSEPHSON, MD SCHOLARSHIP | $5,000 |
MINNESOTA CENTRAL KITCHEN PURPOSE: GENERAL SUPPORT | $4,000 |
SOUTHERN ANOKA COMMUNITY ASSISTANCE PURPOSE: GENERAL SUPPORT | $3,000 |
Burnsville, MN PURPOSE: GENERAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sioux Empire United Way Inc Sioux Falls, SD | $14,046,411 | $8,857,048 |
New Harmony Care Center Inc Edina, MN | $17,674,874 | $11,846,414 |
United Way Of East Central Iowa Cedar Rapids, IA | $18,620,645 | $6,956,778 |
Wisconsin Regional Training Partnership Inc Milwaukee, WI | $5,167,350 | $7,096,517 |
United Way Quad Cities Bettendorf, IA | $12,852,824 | $6,411,474 |
Marquardt Management Services Inc Watertown, WI | $6,505,877 | $7,287,760 |
United Way Of Racine County Inc Racine, WI | $12,886,220 | $9,907,710 |
United Way Of Cass-Clay Fargo, ND | $8,673,446 | $5,532,076 |
Midamerican Energy Foundation Des Moines, IA | $31,627,129 | $16,741,976 |
Hills Bank Donor Advised Gift Fund North Liberty, IA | $13,364,606 | $6,107,675 |
Minnesota Independence College And Community Richfield, MN | $4,038,115 | $5,662,588 |
Dana Brown Charitable Trust Milwaukee, WI | $43,840,273 | $5,865,507 |