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 4 years, it has increased revenue by an average of 16.7% 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 74 individual grants totaling $3,430,940. 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 |
|---|---|---|---|
James Stephen Turner Jr Treasury/director | 2 | $5,000 | |
Katherine Sikora Co-Chairman/director | 2 | $5,000 | |
Janet Johnson Secretary/director | 2 | $5,000 | |
Laura Jo Turner Dugas Chairman Emeritus/director | 2 | $5,000 | |
Susan Wimpee Director | 2 | $5,000 | |
Laura Anne Turner Co-Chairman/director | 2 | $5,000 |
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 $1,470,480 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF SCOTTSVILLE-ALLEN COUNTY PURPOSE: GENERAL OPERATING AND PROGRAM SUPPORT | $190,000 |
KENTUCKY LEGAL AID PURPOSE: LAURA GOAD TURNER DOMESTIC VIOLENCE PROJECT | $85,000 |
KENTUCKY LEGAL AID PURPOSE: LAURA GOAD TURNER DOMESTIC VIOLENCE PROJECT | $85,000 |
ALLEN COUNTY-SCOTTSVILLE PUBLIC SCHOOLS PURPOSE: SUPPORT FOR FAMILY RESOURCE YOUTH SERVICE CENTER | $75,000 |
Bowling Green, KY PURPOSE: OPERATING ENDOWMENT CAMPAIGN (5 YEAR MATCHING GRANT, STARTING 6.2016) | $66,051 |
ALLEN COUNTY FISCAL COURT PURPOSE: OPERATING EXPENSES AND DEBT SERVICE FOR THE YOUTH SPORTS COMPLEX | $55,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |