Turning Point Usa Inc
- Assets
- $7.3m
- Revenue
- $39.8m
- Investments
- $2.2k
- Employees
- 457
- Location
- Phoenix, AZ
- Founding
- 07/2014
- Data as of
- 06/2020
- EIN
- 80-0835023
Organization Overview
Turning Point Usa Inc is located in Phoenix, AZ. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2021, Turning Point USA Inc employed 457 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Turning Point USA 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 06/2020, Turning Point USA Inc generated $39.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 44.8% each year . All expenses for the organization totaled $38.4m during the year ending 06/2020. While expenses have increased by 46.6% per year over the past 6 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 2019, Turning Point USA Inc has awarded 13 individual grants totaling $60,146,380. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TURNING POINT USA EDUCATES STUDENTS ABOUT THE IMPORTANCE OF FISCAL RESPONSIBILITY, FREE MARKETS, AND CAPITALISM. THROUGH NON-PARTISAN DEBATE, DIALOGUE, AND DISCUSSION, TURNING POINT USA BELIEVES THAT EVERY YOUNG PERSON CAN BE ENLIGHTENED TO TRUE FREE MARKET VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TURNING POINT USA RAISES FUNDS FOR ITS LONG-TERM VITALITY AND SPECIAL PROJECTS, ALL IN FURTHERANCE OF ITS TAX-EXEMPT PURPOSES. TURNING POINT USA DISTRIBUTED $18,825,000 TO ITS RELATED ENTITY TURNING POINT ENDOWMENT, WHICH IS ANOTHER 501C3 TAX-EXEMPT CORPORATION ORGANIZED AND OPERATED AS A TYPE I SUPPORTING ORGANIZATION EXCLUSIVELY FOR TURNING POINT USA'S BENEFIT.
THE TURNING POINT USA EVENTS PROGRAM PROVIDES STUDENTS FROM ALL 50 STATES THE UNIQUE EDUCATIONAL OPPORTUNITY OF LEARNING FIRST HAND FROM THOUGHT LEADERS THAT HAVE EXPERTISE IN FISCAL RESPONSIBILITY, FREE MARKETS, AND CAPITALISM. ADDITIONALLY, THESE EVENTS PROVIDE STUDENTS THE OPPORTUNITY TO LEARN FROM ONE ANOTHER AS THEY GATHER WITH THEIR PEERS FROM ALL ACROSS THE COUNTRY. IN THE FISCAL YEAR ENDING 6/30/2021, THE EVENTS PROGRAM HOSTED A COMBINED 4,490 ATTENDEES AT ITS REGIONAL AND NATIONAL EVENTS.
THE TURNING POINT USA FIELD PROGRAM FULFILLS A CRITICAL ROLE IN TURNING POINT'S MISSION OF EDUCATING STUDENTS ABOUT THE IMPORTANCE OF FISCAL RESPONSIBILITY, FREE MARKETS, AND CAPITALISM. TURNING POINT FIELD REPRESENTATIVES ARE ON COLLEGE AND HIGH SCHOOL CAMPUSES ACROSS THE COUNTRY DAILY ACCOMPLISHING THIS MISSION BY PROVIDING INTERACTIVE INSTRUCTION AND DISTRIBUTING EDUCATIONAL MATERIALS. DURING THE FISCAL YEAR ENDING 6/30/2021, THE FIELD PROGRAM ORGANIZED 857 NEW CAMPUS CHAPTERS TO FACILITATE THESE ON-CAMPUS EDUCATIONAL EFFORTS. THE FIELD PROGRAM HOSTED 515 INSTRUCTIONAL CAMPUS EVENTS THAT WERE ATTENDED BY 50 OR MORE STUDENTS EACH. THE FIELD PROGRAM'S EFFORTS REACHED 132,645 STUDENTS.
OTHER PROGRAM SERVICES INCLUDE TURNING POINT USA'S CAMPUS LEADERSHIP PROGRAMS, INFLUENCER MEDIA PROGRAMS, PRODUCTION PROGRAMS, AND DISTRIBUTION PROGRAMS. TURNING POINT USA DISTRIBUTES GRANTS TO NONPROFIT ORGANIZATIONS THAT PURSUE EFFORTS FURTHERING TURNING POINT USA'S MISSION OF EDUCATING STUDENTS ABOUT THE IMPORTANCE OF FISCAL RESPONSIBILITY, FREE MARKETS, AND CAPITALISM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Kirk President/ceo | OfficerTrustee | 65 | $307,216 |
Joshua Thifault Advancement Strategic Dire | 40 | $284,511 | |
Tyler Bowyer Assistant Secretary/coo | Officer | 40 | $196,528 |
Benjamin Johnson Management | 40 | $178,758 | |
Justin Olson Assistant Treasurer/cfo | Officer | 50 | $155,769 |
Tom Sodeika Secretary/treasurer | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mosaic Event Productions Llc Dba Phx Ev Video Production | 6/29/21 | $714,820 |
Mwpolitical Inc Text Message Advertising | 6/29/21 | $385,777 |
Lionrock Ventures Fundraising And Event Planning | 6/29/21 | $386,693 |
Mentzer Media Services Television Ads | 6/29/21 | $1,500,000 |
Strategic Partners & Media Llc Tv & Online Ads | 6/29/21 | $350,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,345,750 |
| Investment income | $1,297 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,827 |
| Net Gain/Loss on Asset Sales | -$12,755 |
| Net Income from Fundraising Events | -$116,982 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,596 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,843,289 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $205,811 |
| Grants and other assistance to Foreign Orgs/Individuals | $52,865 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $526,756 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,572,135 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $151,786 |
| Payroll taxes | $552,345 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $121,470 |
| Fees for services: Accounting | $285,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $768,936 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $974,107 |
| Office expenses | $648,106 |
| Information technology | $330,992 |
| Royalties | $0 |
| Occupancy | $414,845 |
| Travel | $351,363 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,664,502 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,137 |
| Insurance | $84,626 |
| All other expenses | $0 |
| Total functional expenses | $38,386,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,789,305 |
| Savings and temporary cash investments | $760,966 |
| Pledges and grants receivable | $2,282,275 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,913 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,200 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $92,122 |
| Total assets | $7,306,560 |
| Accounts payable and accrued expenses | $767,888 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $767,888 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $6,538,672 |
Grants Awarded
Over the last fiscal year, Turning Point Usa Inc has awarded $18,853,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Phoenix, AZ PURPOSE: AWARENESS OF FREE MARKETS | $18,825,000 |
Alexandria, VA PURPOSE: AWARENESS OF FREE MARKETS | $28,000 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Turning Point Usa Inc has recieved totaling $40,200.
| Awarding Organization | Amount |
|---|---|
Lazof Family Foundation Inc Dallas, TX PURPOSE: CHARITABLE | $10,000 |
Larry And Anna B Harris Foundation Albuquerque, NM PURPOSE: PROMOTE THE PRINCIPALS OF FREE MARKETS AND FREEDOM | $8,500 |
Timothy T Day Foundation Inc Phoenix, AZ PURPOSE: SOCIAL SERVICES | $5,000 |
Morrison Family Foundation Inc Mount Olive, NJ PURPOSE: CHECK WRITTEN IN 2021 AND CLEARED IN 2022CHECK #367CHARITABLE PURPOSES | $5,000 |
James Deering Danielson Foundation Chicago, IL PURPOSE: SOCIAL SERVICES | $4,000 |
Christian Charities Foundation Peoria, IL PURPOSE: CHRISTIAN MINISTRY | $1,800 |
Endowment Analysis
| Beg. Balance | $20,127,640 |
| Earnings | $5,959,278 |
| Admin Expense | $99,416 |
| Net Contributions | $18,934,324 |
| Other Expense | $2,241,162 |
| Ending Balance | $42,680,664 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Calstart Inc Pasadena, CA | $45,392,493 | $103,313,426 |
Terros Inc Phoenix, AZ | $47,004,822 | $84,266,385 |
Community Research Foundation Inc San Diego, CA | $20,745,009 | $77,081,989 |
Independent Order Of Odd Fellows San Jose, CA | $263,514,735 | $67,258,563 |
Gallo Employee Benefit Trust Modesto, CA | $5,341,212 | $62,468,490 |
Childrens Miracle Network Salt Lake City, UT | $141,998,389 | $48,445,595 |
Arizona Behavioral Health Corporation Phoenix, AZ | $19,459,678 | $40,892,493 |
Turning Point Usa Inc Phoenix, AZ | $7,306,560 | $39,843,289 |
Central City Community Health Center Monterey Park, CA | $37,966,009 | $52,273,838 |
Koret Foundation San Francisco, CA | $515,520,670 | $39,088,314 |
South Coast Childrens Society Inc Mission Viejo, CA | $13,233,032 | $36,840,141 |
Partnerships To Uplift Communities Valley Burbank, CA | $45,863,273 | $39,395,312 |