Turner Construction Company Foundation
- Assets
- $361.7k
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Montvale, NJ
- Founding
- 01/1983
- Data as of
- 12/2021
- EIN
- 13-3072570
Organization Overview
Turner Construction Company Foundation is located in Montvale, NJ. The organization was established in 1983. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Turner Construction Company Foundation 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 Construction Company Foundation generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 8.2% per year over the past 4 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 2020, Turner Construction Company Foundation has awarded 315 individual grants totaling $2,544,748. 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.
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Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,624,047 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,624,047 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $793,006 |
| Total operating and administrative expenses | $811,540 |
| Contributions, gifts, grants paid | $1,701,912 |
| Total expenses and disbursements | $2,513,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $297,642 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $64,020 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $361,662 |
| Accounts payable and accrued expenses | $4,015 |
| Grants payable | $39,500 |
| 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 | $43,515 |
Grants Awarded
Over the last fiscal year, Turner Construction Company Foundation has awarded $1,681,913 in support to 175 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONWIDE CHILDREN'S HOSPITAL PURPOSE: GENERAL SUPPORT | $85,000 |
NEW ALBANY COMMUNITY PURPOSE: GENERAL SUPPORT | $75,209 |
THE METROHEALTH FOUNDATION INC PURPOSE: GENERAL SUPPORT | $65,000 |
Cincinnati, OH PURPOSE: GENERAL SUPPORT | $50,000 |
Toledo, OH PURPOSE: GENERAL SUPPORT | $40,481 |
Dallas, TX PURPOSE: GENERAL SUPPORT | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Turner Construction Company Foundation has recieved totaling $9,500.
| Awarding Organization | Amount |
|---|---|
Glass Solutions Foundation Itasca, IL PURPOSE: CHARITABLE | $7,000 |
Marek Family Foundation Houston, TX PURPOSE: EXPANDING OPPORTUNITIES AVAILABLE TO MINORITY AND WOMEN OWNED BUSINESSES | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Construction Financial Management Association Princeton, NJ | $11,734,249 | $6,816,166 |
G R Robert Construction Co Inc Usw Welfare Tr Fund Farmingdale, NJ | $3,505,634 | $4,353,086 |
Heavy Construction Industry Fund New York, NY | $24,457,135 | $4,942,939 |
Turner Construction Company Foundation Montvale, NJ | $361,662 | $2,624,047 |
Forum To Advance Minorities In Engineering Inc Wilmington, DE | $4,753,288 | $5,079,647 |
Construction Contractors Assn Of The Hudson Valley Inc Newburgh, NY | $1,019,153 | $947,733 |
Construction Exchange Of Buffalo Western New York Buffalo, NY | $2,118,263 | $1,098,271 |
American Council Of Engineering Companies Of Pennsylvania Harrisburg, PA | $346,690 | $701,084 |
American Society Of Highway Engineers Johnstown, PA | $2,471,910 | $829,039 |
Heavy Construction Industry Promotional Fund Melville, NY | $4,649,755 | $1,071,612 |
Construction Industry Association Of Rochester Ny Inc Rochester, NY | $1,438,677 | $500,575 |
Open Transformation Lab Inc Flushing, NY | $27,316 | $315,900 |