The Turner Family Foundation Inc
- Assets
- $15.2m
- Revenue
- $1.3m
- Investments
- $14.8m
- Employees
- 0
- Location
- Athens, GA
- Founding
- 04/1995
- Data as of
- 12/2022
- EIN
- 58-2145915
Organization Overview
The Turner Family Foundation Inc is located in Athens, GA. 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. Turner Family 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 12/2022, Turner Family Foundation Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 3.1% 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.
Since 2016, Turner Family Foundation Inc has awarded 250 individual grants totaling $6,326,902. 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 |
|---|---|---|---|
Barbara A Turner Vice President | 5 | $0 | |
Elbert N Whitmire III Secretary | 1 | $0 | |
James C Turner President | 5 | $0 | |
Jesse A Hickey Treasurer | 5 | $5,000 | |
Paul Bowles III Trustee | 1 | $0 | |
William Zakaria Goekjian Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $74,807 |
| Interest on Savings | $25,249 |
| Dividends & Interest | $402,137 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $832,482 |
| Capital Gain Net Income | $845,382 |
| Net ST Capital Gain | $36,090 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,334,675 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $39,789 |
| Depreciation | $0 |
| Occupancy | $3,145 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $66,992 |
| Total operating and administrative expenses | $118,201 |
| Contributions, gifts, grants paid | $902,700 |
| Total expenses and disbursements | $1,020,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,517 |
| Savings and temporary cash investments | $373,324 |
| 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 | $8,087,990 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,151,886 |
| 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 | $38,476 |
| Total liabilities | $38,476 |
Grants Awarded
Over the last fiscal year, The Turner Family Foundation Inc has awarded $902,700 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS GIRLS CLUBS OF ATHENS PURPOSE: EDUCATION OF YOUTH, EXPANSION OF FACILITY, SPORTS EQUIPMENT | $30,000 |
YWCO PURPOSE: GIRLS CLUB PROGRAM SUPPORT, POOL OPERATING EXPENSES AND LOBBY AND WEIGHT ROOM RENOVATIONS. | $30,000 |
UNIVERSITY OF GEORGIA FOUNDATI PURPOSE: STATEWIDE ARTS EDUCATION; CONSTRUCTION OF BUSINESS LEARNING COMMUNITY | $50,000 |
GIRL SCOUTS OF HISTORIC GEORGIA PURPOSE: GIRLS' EDUCATION AND SOFTWARE DEVELOPMENT TO INCREASE PRODUCTIVITY. | $27,000 |
EAGLE RANCH INC PURPOSE: NEW TRUCK AND GENERAL OPERATING BUDGET. | $60,000 |
BOY SCOUTS OF NORTHEAST GEORGI PURPOSE: HANDBOOKS, UNIFORMS AND CAMP SCHOLARSHIPS FOR LOW-INCOME BOYS. | $27,000 |