Turkeyland Cove Foundation Inc
- Assets
- $407.2k
- Revenue
- $9.3k
- Investments
- $361.6k
- Employees
- 0
- Location
- Waltham, MA
- Founding
- 03/2011
- Data as of
- 12/2022
- EIN
- 27-3887812
Organization Overview
Turkeyland Cove Foundation Inc is located in Waltham, MA. The organization was established in 2011. 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. Turkeyland Cove 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, Turkeyland Cove Foundation Inc generated $9.3k 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 (26.8%) each year. All expenses for the organization totaled $67.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE FOUNDATION PROVIDES A RETREAT FOR WOMEN IN VARIOUS STAGES OF TRANSITION TO HELP PROPEL THEIR LIVES IN A NEW DIRECTION, WHETHER IT BE A CAREER CHANGE, ACADEMIC ACHIEVEMENT, PERSONAL EVOLUTION OR OTHERWISE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverly Mazza Director | 2.5 | $0 | |
Barbara Welsh Former Executive Director | 15 | $21,600 | |
Colleen Delvecchio President | 5 | $0 | |
Kathy Torantola Clerk | 5 | $0 | |
Elizabeth Cullen Treasurer | 5 | $0 | |
Melissa Welch Director | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,595 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,255 |
| Capital Gain Net Income | $6,255 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,250 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,600 |
| Other employee salaries and wages | $1,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,994 |
| Depreciation | $0 |
| Occupancy | $6,782 |
| Travel, conferences, and meetings | $1,823 |
| Printing and publications | $0 |
| Other expenses | $16,997 |
| Total operating and administrative expenses | $66,450 |
| Contributions, gifts, grants paid | $581 |
| Total expenses and disbursements | $67,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,046 |
| Savings and temporary cash investments | $0 |
| 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 | $361,579 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $544 |
| Total assets | $407,169 |
| Accounts payable and accrued expenses | $3,250 |
| 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 | $3,250 |
Grants Awarded
Over the last fiscal year, Turkeyland Cove Foundation Inc has awarded $581 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JULIA FORREST PURPOSE: TO ASSIST WITH EXPENSES | $281 |
KATHRYNE RUSSELL PURPOSE: TO ASSIST WITH EXPENSES | $300 |