The Turner Foundation - Since 1958
- Assets
- $23.3m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 26
- Location
- Santa Barbara, CA
- Founding
- 12/1964
- Data as of
- 12/2023
- EIN
- 95-6111806
Organization Overview
The Turner Foundation - Since 1958 is located in Santa Barbara, CA. The organization was established in 1964. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Turner Foundation - Since 1958 employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Turner Foundation - Since 1958 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 12/2023, Turner Foundation - Since 1958 generated $3.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $4.1m during the year ending 12/2023. While expenses have increased by 6.5% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AFFORDABLE HOUSING, PROGRAMS AND SERVICES TO IMPORVE THE QUALITY OF LIFE FOR RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TURNER FOUNDATION (SINCE 1958) OWNS AND OPERATES A 70 UNIT AFFORDABLE HOUSING COMPLEX ON THE WEST SIDE OF SANTA BARBARA, CALIFORNIA. THE HOUSING COMMUNITY IS CALLED "THE VILLAGE OF SANTA BARBARA." THE APARTMENT COMPLEX HAS A MIX OF STUDIOS, ONE, AND TWO BEDROOM UNITS. A PLAYGROUND, BASKETBALL COURT, AND SWIMMING POOL ARE ALL AMENITIES AT THE VILLAGE. IN AUGUST OF 2014, THE TURNER FOUNDATION ACQUIRED A 45 UNIT COMPLEX ON THE WEST SIDE OF SANTA BARBARA. THIS HOUSING COMMUNITY IS CALLED "THE LIGHTHOUSE OF SANTA BARBARA." THROUGH CITY FUNDING,GRANTS, DONATIONS, AND OTHER FUNDS THE ORGANIZATION IMPROVES LIVING CONDITIONS FOR LOW INCOME FAMILIES AT BOTH PROPERTIES THROUGH NEW AND ONGOING REMODELS AND RENOVATIONS
THE ORGANIZATION'S ONSITE PROGRAMMING AIMS TO PROMOTE THE WELFARE OF THE WHOLE FAMILY BY OFFERING HIGH QUALITY SERVICES. AN ONSITE LEARNING CENTER AND COMMUNITY CENTER ARE THE APEX ENVIRONMENTS FOR MEETING THE EDUCATIONAL NEEDS FOR CHILDREN (PRESCHOOL TWELFTH GRADE). ONSITE PROGRAMMING INCLUDES AN AFTER SCHOOL ENRICHMENT PROGRAM, YOUTH SUMMER PROGRAM, PERFORMING ARTS PROGRAM AND ART PROGRAM. ALL ONSITE PROGRAMS ARE AT NO COST TO THE TENANTS AND OFFER POSITIVE, EDUCATIONAL AND ENRICHING EXPERIENCES FOR THE CHILDREN LIVING IN THE COMMUNITY. PROGRAMMING IS MADE POSSIBLE THROUGH COMMUNITY PARTNERSHIPS, GRANTS, DONATIONS, AND OTHER FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis Yates President | OfficerTrustee | 2 | $0 |
Bryan Westerfeld Director | Trustee | 2 | $0 |
Nathaniel Bailey Director | Trustee | 2 | $0 |
Stephanie Olson Treasurer | OfficerTrustee | 2 | $0 |
Aisha Oyarekhua Director | Trustee | 2 | $0 |
Dean Wilson CEO | Officer | 40 | $198,109 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dean Wilson Consulting | 12/30/19 | $132,408 |
Genesis Concrete Maintenance | 12/30/19 | $103,562 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $569,402 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $569,402 |
| Total Program Service Revenue | $2,667,243 |
| Investment income | $385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$612 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,236,418 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $299,794 |
| Compensation of current officers, directors, key employees. | $196,343 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $761,966 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $102,082 |
| Payroll taxes | $80,139 |
| Fees for services: Management | $106,778 |
| Fees for services: Legal | $25,260 |
| Fees for services: Accounting | $122,261 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $44,862 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,270 |
| Advertising and promotion | $35,499 |
| Office expenses | $12,634 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $657,542 |
| Travel | $7,461 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $532,289 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $707,464 |
| Insurance | $106,804 |
| All other expenses | $13,230 |
| Total functional expenses | $4,063,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,167 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,717 |
| 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 | $8,653 |
| Net Land, buildings, and equipment | $23,039,403 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $252,619 |
| Other assets | $21,608 |
| Total assets | $23,346,167 |
| Accounts payable and accrued expenses | $137,591 |
| Grants payable | $0 |
| Deferred revenue | $13,948 |
| 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 | $17,698,173 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $203,819 |
| Total liabilities | $18,053,531 |
| Net assets without donor restrictions | $5,292,636 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,346,167 |