Turning Point Endowment Inc

Organization Overview

Turning Point Endowment Inc is located in Phoenix, AZ. The organization was established in 2018. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Turning Point Endowment 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 06/2021, Turning Point Endowment Inc generated $19.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 60.6% each year . All expenses for the organization totaled $276.8k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TURNING POINT ENDOWMENT IS A SUPPORTING ORGANIZATION TO TURNING POINT USA. THE ORGANIZATION'S MISSION IS TO SUPPORT AND BENEFIT TURNING POINT USA'S CHARITABLE PURPOSES AND LONG-TERM VITALITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TURNING POINT ENDOWMENT IS A SUPPORTING ORGANIZATION TO TURNING POINT USA ("TP USA"), WHICH IS A 501C3 ENTITY WITH A MISSION TO EDUCATE STUDENTS ABOUT THE IMPORTANCE OF FISCAL RESPONSIBILITY, FREE MARKETS, AND CAPITALISM. THE ORGANIZATION SUPPORTS TP USA THROUGH CONTRIBUTIONS AND BY MAINTAINING INVESTMENTS TO SUPPORT TPUSA'S LONG-TERM VITALITY.


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Board, Officers & Key Employees

Name (title)Compensation
Charles Kirk
President
$0
Peter Theron
Director
$0
Jim Holden
Secretary/treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$18,825,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$18,825,000
Total Program Service Revenue$0
Investment income $556,821
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $109,324
Net Gain/Loss on Asset Sales $2,504
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $19,493,649

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Turning Point Endowment Inc has recieved totaling $18,825,000.

Awarding OrganizationAmount
Turning Point Usa Inc

Phoenix, AZ

PURPOSE: AWARENESS OF FREE MARKETS

$18,825,000
View Grant Recipient Profile

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

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