Laura G Turner Charitable Foundation Inc
- Assets
- $14.4m
- Revenue
- $1.9m
- Investments
- $14.0m
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 03/1990
- Data as of
- 12/2021
- EIN
- 61-1170828
Organization Overview
Laura G Turner Charitable Foundation Inc is located in Nashville, TN. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Laura G Turner Charitable 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 12/2021, Laura G Turner Charitable Foundation Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 22.1% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Laura G Turner Charitable Foundation Inc has awarded 124 individual grants totaling $5,494,604. 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 |
|---|---|---|---|
Katherine Sikora Executive Director | 2 | $31,963 | |
James Stephen Turner Jr Treasury/director | 2 | $5,000 | |
Janet Johnson Secretary/director | 2 | $5,000 | |
Susan Wimpee Director | 2 | $5,000 | |
Charlie Payne Director | 2 | $5,000 | |
Pam Carris Assistant Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $495,029 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,455,448 |
| Capital Gain Net Income | $1,455,448 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$30,581 |
| Total Revenue | $1,919,896 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $232,646 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $435 |
| Printing and publications | $0 |
| Other expenses | $236,577 |
| Total operating and administrative expenses | $567,408 |
| Contributions, gifts, grants paid | $734,563 |
| Total expenses and disbursements | $1,301,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $381,006 |
| Net Accounts receivable | $23,799 |
| 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 | $13,956,549 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,361,354 |
| 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, Laura G Turner Charitable Foundation Inc has awarded $2,063,664 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
ALLEN COUNTY SCOTTSVILLE ARTS COUNCIL PURPOSE: GENERAL OPERATING AND PROGRAM SUPPORT | $35,000 |
ARTS OF SOUTHERN KENTUCKY PURPOSE: PROGRAM SUPPORT FOR ARTS-IN-EDUCATION | $8,440 |
ALLEN COUNTY-SCOTTSVILLE PUBLIC SCHOOLS PURPOSE: PROGRAM SUPPORT FOR THE FRYSC | $75,000 |
ARTS OF SOUTHERN KENTUCKY PURPOSE: PROGRAM SUPPORT FOR ARTS-IN-EDUCATION | $8,280 |
ARTS OF SOUTHERN KENTUCKY PURPOSE: PROGRAM SUPPORT FOR ARTS-IN-EDUCATION | $50,000 |
ARTS OF SOUTHERN KENTUCKY PURPOSE: PROGRAM SUPPORT FOR ARTS-IN-EDUCATION | $15,929 |