Harry M And Violet Turner Charitable Trust
- Assets
- $29.2m
- Revenue
- $2.3m
- Investments
- $27.8m
- Employees
- 0
- Location
- Springfield, OH
- Founding
- 06/2000
- Data as of
- 12/2021
- EIN
- 31-1711190
Organization Overview
Harry M And Violet Turner Charitable Trust is located in Springfield, OH. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Harry M And Violet Turner Charitable Trust 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, Harry M And Violet Turner Charitable Trust generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Harry M And Violet Turner Charitable Trust has awarded 119 individual grants totaling $2,286,849. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Landess Executive Director | 40 | $270,405 | |
Daren Cotter CFO | 40 | $203,852 | |
Karen Wooten Accounting Manager | 40 | $91,325 | |
Kevin Rose Historian | 40 | $66,480 | |
Roderick Hatfield Creative Director | 40 | $55,840 | |
Elizabeth Coffman Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $151,410 |
| Interest on Savings | $39,220 |
| Dividends & Interest | $255,660 |
| Net Rental Income | $1,311 |
| Net Gain on Sale of Assets | $1,291,452 |
| Capital Gain Net Income | $1,177,380 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$489 |
| Other Income | $61,153 |
| Total Revenue | $2,348,308 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $474,257 |
| Other employee salaries and wages | $251,254 |
| Pension plans, employee benefits | $109,995 |
| Interest | $3,467 |
| Taxes | $61,283 |
| Depreciation | $13,776 |
| Occupancy | $49,834 |
| Travel, conferences, and meetings | $28,980 |
| Printing and publications | $0 |
| Other expenses | $708,343 |
| Total operating and administrative expenses | $1,868,229 |
| Contributions, gifts, grants paid | $920,455 |
| Total expenses and disbursements | $2,788,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $89,248 |
| 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 | $865,782 |
| Inventories for sale or use | $170,982 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $27,846,387 |
| Net Land, buildings, and equipment | $244,666 |
| Other assets | $0 |
| Total assets | $29,217,065 |
| 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 | $87,503 |
| Other liabilities | $0 |
| Total liabilities | $87,503 |
Grants Awarded
Over the last fiscal year, Harry M And Violet Turner Charitable Trust has awarded $920,455 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
CLARK STATE FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $259,167 |
Springfield, OH PURPOSE: CHARITABLE CONTRIBUTION | $256,692 |
Springfield, OH PURPOSE: CHARITABLE CONTRIBUTION | $106,749 |
NATIONAL CHRISTIAN FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $40,000 |
Springfield, OH PURPOSE: CHARITABLE CONTRIBUTION | $30,500 |
MISSION INCREASE PURPOSE: CHARITABLE CONTRIBUTIONS | $29,919 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Progressive Insurance Foundation Cleveland, OH | $7,804,354 | $47,823,383 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Alcoa Foundation Pittsburgh, PA | $146,938,296 | $5,082,676 |
Third Federal Foundation Cleveland, OH | $35,709,526 | $3,618,702 |
Gii Charities Grand Rapids, MI | $4,065,002 | $6,112,431 |
Star Foundation Bethlehem, PA | $0 | $17,247 |
Westfield Insurance Foundation Westfield Center, OH | $42,931,784 | $4,362,594 |
Giant Eagle Foundation Pittsburgh, PA | $15,044,604 | $6,408,453 |
Morgan Family Foundation Yellow Springs, OH | $51,827,477 | $1,582,241 |
Harry M And Violet Turner Charitable Trust Springfield, OH | $29,217,065 | $2,348,308 |
Penske Foundation Inc Bloomfield Hills, MI | $17,008,099 | $10,243,924 |