Turo Foundation
- Assets
- $148.5k
- Revenue
- $100.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Holly Springs, PA
- Founding
- 02/2012
- Data as of
- 12/2022
- EIN
- 45-2446944
Organization Overview
Turo Foundation is located in Mount Holly Springs, PA. The organization was established in 2012. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, 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. Turo 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 12/2022, Turo Foundation generated $100.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.7% each year . All expenses for the organization totaled $18.5k during the year ending 12/2022. While expenses have increased by 31.5% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATE TO OTHER CHARITIES TO FURTHER THEIR MISSIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $33,291 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $67,429 |
| Total Revenue | $100,720 |
| 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 | $447 |
| Total operating and administrative expenses | $447 |
| Contributions, gifts, grants paid | $18,072 |
| Total expenses and disbursements | $18,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,882 |
| 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 | $123,655 |
| Total assets | $148,537 |
| 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, Turo Foundation has awarded $14,580 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UKRAINIAN CATHOLIC EPARCHY PURPOSE: PROVIDE AID TO UKRAINE | $10,000 |
VARIOUS PURPOSE: FURTHER THEIR MISSIONS | $4,580 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maria L Varisco-Rogers Charter School Newark, NJ | $5,290,053 | $11,323,219 |
Caravel Academy Inc Bear, DE | $15,134,520 | $11,726,062 |
Mathematics Civic & Sciences Charter School Of Philadelphia Inc Philadelphia, PA | $10,694,323 | $13,238,093 |
Focus Learning Academy Of Northern Columbus Columbus, OH | $4,955,005 | $10,294,417 |
American Cooperative School Of Tunis Acst Association Seaford, DE | $24,162,067 | $10,809,438 |
Yeshiva Tiferes Yisroel Brooklyn, NY | $12,406,666 | $10,084,609 |
Banyan School Inc Fairfield, NJ | $2,901,931 | $9,400,396 |
Metropolitan Montessori School New York, NY | $29,899,366 | $8,129,408 |
The Gesu School Inc Philadelphia, PA | $39,919,489 | $10,953,464 |
Universal Institute Charter School Philadelphia, PA | $3,423,551 | $10,521,421 |
University Urology Inc Buffalo, NY | $263,782 | $9,014,963 |
The New Life Child Development Center Inc Brooklyn, NY | $2,502,824 | $9,022,777 |