Turpin Foundation Inc
- Assets
- $458.5k
- Revenue
- $10.5k
- Investments
- $430.8k
- Employees
- 0
- Location
- Rhinebeck, NY
- Founding
- 02/2001
- Data as of
- 12/2022
- EIN
- 14-1818722
Organization Overview
Turpin Foundation Inc is located in Rhinebeck, NY. The organization was established in 2001. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Turpin Foundation 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 12/2022, Turpin Foundation Inc generated $10.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $57.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Turpin Foundation Inc has awarded 275 individual grants totaling $118,338. 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
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Ivers Turpin Director | 15 | $15,000 | |
J Louis Turpin Director | 15 | $15,000 | |
Kris Ivers Hayes Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,354 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,812 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,542 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,017 |
| Depreciation | $0 |
| Occupancy | $4,800 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,234 |
| Total operating and administrative expenses | $44,291 |
| Contributions, gifts, grants paid | $13,056 |
| Total expenses and disbursements | $57,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,024 |
| Savings and temporary cash investments | $8,712 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| 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 | $430,766 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $458,502 |
| Accounts payable and accrued expenses | $650 |
| Grants payable | $0 |
| 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 | $650 |
Grants Awarded
Over the last fiscal year, Turpin Foundation Inc has awarded $13,056 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
REFORMED CHURCH OF RHINEBECK PURPOSE: OPERATING | $1,170 |
MILLS MANSION HISTORIC SITES PURPOSE: OPERATING | $100 |
ROTARY CLUB OF RHINEBECK PURPOSE: OPERATING | $1,765 |
WINNAKEE LAND TRUST PURPOSE: OPERATING | $100 |
SHELTER BOX USA PURPOSE: OPERATING | $1,601 |
PLANNED PARENTHOOD PURPOSE: OPERATING | $600 |