Seven Turns Fund Inc
- Assets
- $2.1m
- Revenue
- $1.8m
- Investments
- $2.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2006
- Data as of
- 11/2023
- EIN
- 20-3992304
Organization Overview
Seven Turns Fund Inc is located in New York, NY. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Seven Turns Fund 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 11/2023, Seven Turns Fund Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 40.3% each year . All expenses for the organization totaled $3.0m during the year ending 11/2023. While expenses have increased by 23.7% per year over the past 8 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 2016, Seven Turns Fund Inc has awarded 218 individual grants totaling $22,783,719. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dara Metz Director | 1 | $0 | |
Jonathan Friedland Director | 1 | $0 | |
Shaiza Rizavi Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,998,315 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,744 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$179,555 |
| Capital Gain Net Income | $46,057 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,821,504 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $393 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $393 |
| Contributions, gifts, grants paid | $2,954,451 |
| Total expenses and disbursements | $2,954,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,159 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,086,235 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Seven Turns Fund Inc has awarded $2,954,451 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION AGAINST HUNGER USA PURPOSE: FOR DONEE'S EXEMPT PURPOSE | $10,253 |
ACUMEN FUND INC PURPOSE: FOR DONEE'S EXEMPT PURPOSE | $1,502,160 |
AMERICAN MUSEUM OF NATURAL HISTORY PURPOSE: FOR DONEE'S EXEMPT PURPOSE | $847,693 |
ASIA ART ARCHIVE IN AMERICA INC PURPOSE: FOR DONEE'S EXEMPT PURPOSE | $2,500 |
CATSKILL ART SOCIETY INC PURPOSE: FOR DONEE'S EXEMPT PURPOSE | $5,000 |
CATSKILL FLY FISHING CENTER PURPOSE: FOR DONEE'S EXEMPT PURPOSE | $1,000 |