W H Turner & Sara Elizabeth Turner Medical Trust
- Assets
- $12.7m
- Revenue
- $643.0k
- Investments
- $12.5m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 06/2000
- Data as of
- 10/2023
- EIN
- 63-6219873
Organization Overview
W H Turner & Sara Elizabeth Turner Medical Trust is located in Birmingham, AL. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. W H Turner & Sara Elizabeth Turner Medical Trust 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 10/2023, W H Turner & Sara Elizabeth Turner Medical Trust generated $643.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $847.7k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, W H Turner & Sara Elizabeth Turner Medical Trust has awarded 16 individual grants totaling $3,289,603. 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 |
|---|---|---|---|
Regions Bank Trustee | 4 | $84,816 | |
Chuck Ledbetter Dothan City School Scholarship Comm | 1 | $0 | |
Chris Nicholls Houston County Medi Scholarship Comm | 1 | $0 | |
Mark Scott Houston County School Scholarship Comm | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $412,433 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $230,556 |
| Capital Gain Net Income | $230,556 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $642,989 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $84,816 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,963 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,053 |
| Total operating and administrative expenses | $109,769 |
| Contributions, gifts, grants paid | $737,930 |
| Total expenses and disbursements | $847,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $223,439 |
| 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 | $12,516,475 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,739,914 |
| 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, W H Turner & Sara Elizabeth Turner Medical Trust has awarded $737,930 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UAB SCHOOL OF MEDICINE PURPOSE: SCHOLARSHIPS | $522,293 |
HOUSTON COUNTY MEDICAL SOCIETY PURPOSE: GENERAL OPERATING | $4,533 |
UNIVERSITY OF SOUTH ALABAMA PURPOSE: SCHOLARSHIP | $211,104 |