Turner Farm Foundation Inc
- Assets
- $38.7m
- Revenue
- $5.6m
- Investments
- $35.0m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 07/2011
- Data as of
- 12/2021
- EIN
- 80-0727539
Organization Overview
Turner Farm Foundation Inc is located in Cincinnati, OH. The organization was established in 2011. According to its NTEE Classification (T21) the organization is classified as: Corporate 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 Farm 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, Turner Farm Foundation Inc generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 1.4% 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 2014, Turner Farm Foundation Inc has awarded 43 individual grants totaling $24,422,226. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
PROVIDED SUPPORT FOR TURNER FARM, INC. AND OTHER CHARITABLE ORGANIZATIONS FOR FURTHERANCE OF THEIR CHARITABLE MISSIONS. (SEE PART XV FOR LIST.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles T Mitsui Treasurer | 1 | $0 | |
Robert G Edmiston President/secretary | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,562,541 |
| Interest on Savings | $583,344 |
| Dividends & Interest | $285,382 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $968,311 |
| Capital Gain Net Income | $2,535,376 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $177,224 |
| Total Revenue | $5,576,802 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34,247 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $754 |
| Total operating and administrative expenses | $211,768 |
| Contributions, gifts, grants paid | $1,400,000 |
| Total expenses and disbursements | $1,611,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,692 |
| Savings and temporary cash investments | $3,389,104 |
| 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 | $328,215 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,965,202 |
| Net Land, buildings, and equipment | $0 |
| Other assets | -$4,826 |
| Total assets | $38,718,048 |
| 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, Turner Farm Foundation Inc has awarded $1,400,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Honolulu, HI PURPOSE: UNRESTRICTED CHARITABLE CONTRIBUTION | $500,000 |
Cincinnati, OH PURPOSE: UNRESTRICTED CHARITABLE CONTRIBUTION | $360,000 |
TURNER FARM INC PURPOSE: UNRESTRICTED CHARITABLE CONTRIBUTION | $350,000 |
Cincinnati, OH PURPOSE: UNRESTRICTED CHARITABLE CONTRIBUTION | $190,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Turner Farm Foundation Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Vijay R Sanghvi Family Foundation Wilmington, DE PURPOSE: FURTHER EXEMPT PURPOSE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Progressive Insurance Foundation Cleveland, OH | $7,804,354 | $47,823,383 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Alcoa Foundation Pittsburgh, PA | $146,938,296 | $5,082,676 |
Third Federal Foundation Cleveland, OH | $35,709,526 | $3,618,702 |
Gii Charities Grand Rapids, MI | $4,065,002 | $6,112,431 |
Star Foundation Bethlehem, PA | $0 | $17,247 |
Westfield Insurance Foundation Westfield Center, OH | $42,931,784 | $4,362,594 |
Giant Eagle Foundation Pittsburgh, PA | $15,044,604 | $6,408,453 |
Morgan Family Foundation Yellow Springs, OH | $51,827,477 | $1,582,241 |
Harry M And Violet Turner Charitable Trust Springfield, OH | $29,217,065 | $2,348,308 |
Penske Foundation Inc Bloomfield Hills, MI | $17,008,099 | $10,243,924 |