Turning Point Christian Center Inc
- Assets
- $357.0k
- Revenue
- $173.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Bristol, CT
- Founding
- 10/1997
- Data as of
- 12/2020
- EIN
- 06-1418609
Organization Overview
Turning Point Christian Center Inc is located in Bristol, CT. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2020, Turning Point Christian Center Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Turning Point Christian Center 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 12/2020, Turning Point Christian Center Inc generated $173.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $197.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TURNING POINT IS A CUTTING EDGE, 15 MONTH, FAITH-BASED RESIDENTIAL PROGRAM FOR MEN WHICH PROVIDES HEALING FROM LIFE-CONTROLLING ADDICTIONS. OUR VISION IS TO SEE EVERY PERSON WITH AN ALCOHOL OR SUBSTANCE ABUSE ADDICTION FREED, RESTORED AND PREPARED TO MAKE A VALUABLE CONTRIBUTION TO SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TURNING POINT IS A CUTTING EDGE, 15 MONTH, FAITH-BASED RESIDENTIAL MEN'S PROGRAM WHICH PROVIDES HEALING FROM LIFE-CONTROLLING ADDICTIONS. OUR VISION IS TO SEE EVERY PERSON WITH AN ALCOHOL OR SUBSTANCE ABUSE ADDICTION FREED, RESTORED AND PREPARED TO MAKE A VALUABLE CONTRIBUTION TO SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Rascati President | Officer | 40 | $60,291 |
Terrie Rascati Secretary/treasurer | Officer | 5 | $27,210 |
Thomas Trapiano Director | Trustee | 5 | $0 |
Jeannine Lavalle Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,599 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,599 |
| Total Program Service Revenue | $53,881 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,334 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,398 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $173,555 |
| 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. | $87,501 |
| Compensation of current officers, directors, key employees. | $27,210 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,528 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $405 |
| Payroll taxes | $3,346 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $699 |
| Fees for services: Accounting | $2,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,113 |
| Information technology | $180 |
| Royalties | $0 |
| Occupancy | $26,403 |
| Travel | $5,258 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,978 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,427 |
| Insurance | $23,012 |
| All other expenses | $1,928 |
| Total functional expenses | $196,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,637 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,862 |
| 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 | $600 |
| Net Land, buildings, and equipment | $252,861 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $356,960 |
| Accounts payable and accrued expenses | $10,881 |
| 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 | $300,697 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $311,578 |
| Net assets without donor restrictions | $45,382 |
| 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 | $356,960 |
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