Turn 2 Foundation Inc
- Assets
- $7.1m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 11
- Location
- Independence, OH
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 34-1847687
Organization Overview
Turn 2 Foundation Inc is located in Independence, OH. The organization was established in 1997. 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. As of 12/2021, Turn 2 Foundation Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Turn 2 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 12/2021, Turn 2 Foundation Inc generated $3.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Turn 2 Foundation Inc has awarded 60 individual grants totaling $2,617,666. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND SUPPORT SIGNATURE PROGRAMS AND ACTIVITIES THAT MOTIVATE YOUNG PEOPLE TO TURN AWAY FROM DRUGS AND ALCOHOL AND "TURN 2" HEALTHY LIFESTYLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSOR GRANTS AND SCHOLARSHIPS FOR PROGRAMS THAT ENCOURAGE AND SUPPORT STUDENTS WHO ACHIEVE ACADEMICALLY, DISPLAY POSITIVE BEHAVIOR, LEAD HEALTHY LIFESTYLES, AND PARTICIPATE IN COMMUNITY ACTIVITIES.
SPONSOR JETER'S LEADERS PROGRAMS IN THE NEW YORK CITY AND KALAMAZOO AREAS THAT RECOGNIZE STUDENTS FOR THEIR ACADEMIC ACHIEVEMENT, EXTRACURRICULAR ACTIVITIES, & COMMUNITY SERVICE
SPONSOR AFTER SCHOOL PROGRAMS THAT ENCOURAGE AND SUPPORT STUDENTS WHO ACHIEVE ACADEMICALLY, DISPLAY POSITIVE BEHAVIOR, LEAD HEALTHY LIFESTYLES, AND PARTICIPATE IN COMMUNITY ACTIVITIES.
OTHER CHARITABLE PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Franli Guzman Vice President | Officer | 40 | $102,760 |
Sanderson Charles Jeter Vice Chairman, Director | OfficerTrustee | 1 | $0 |
Derek S Jeter Chairman, Director | OfficerTrustee | 1 | $0 |
Dorothy Jeter Treasurer, Director | OfficerTrustee | 1 | $0 |
Sharlee Jeter President/secretary, Director | OfficerTrustee | 20 | $0 |
Nneka Frye Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,450,735 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,077,347 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,528,082 |
| Total Program Service Revenue | $0 |
| Investment income | $49,750 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $248,799 |
| Net Income from Fundraising Events | -$262,910 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,566,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,227,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,760 |
| Compensation of current officers, directors, key employees. | $11,304 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $657,391 |
| Pension plan accruals and contributions | $19,939 |
| Other employee benefits | $158,979 |
| Payroll taxes | $57,611 |
| Fees for services: Management | $185 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,142 |
| Advertising and promotion | $116,564 |
| Office expenses | $52,253 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,948 |
| Travel | $15,977 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,607 |
| Insurance | $13,207 |
| All other expenses | $149,374 |
| Total functional expenses | $2,683,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186 |
| Savings and temporary cash investments | $1,759,019 |
| Pledges and grants receivable | $1,552,573 |
| Accounts receivable, net | $71,176 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,429 |
| Net Land, buildings, and equipment | $16,553 |
| Investments—publicly traded securities | $3,666,610 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,853 |
| Total assets | $7,094,399 |
| Accounts payable and accrued expenses | $10,338 |
| Grants payable | $2,760,000 |
| Deferred revenue | $1,025,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,795,338 |
| Net assets without donor restrictions | $3,299,061 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,094,399 |
Grants Awarded
Over the last fiscal year, Turn 2 Foundation Inc has awarded $210,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PHOENIX HOUSE PURPOSE: DEREK JETER CENTER AT PHOENIX HOUSE | $100,000 |
New York, NY PURPOSE: TURN 2 US PROGRAM | $75,000 |
Miami, FL PURPOSE: GENERAL FUNDING | $25,000 |
New York, NY PURPOSE: GENERAL FUNDING | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Turn 2 Foundation Inc has recieved totaling $47,152.
| Awarding Organization | Amount |
|---|---|
The Kimmelman Fam Foundation Summit, NJ PURPOSE: GENERAL CHARITABLE PURPOSES | $30,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $10,870 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,790 |
Chubb Charitable Foundation Philadelphia, PA PURPOSE: MATCHING GIFTS | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $242 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |
Mathile Family Foundation Dayton, OH | $0 | $5,909,915 |
John W Anderson Foundation Valparaiso, IN | $342,409,938 | $34,395,256 |
Gilbert Fam Foundation Detroit, MI | $16,505,480 | $22,733,689 |
Herbert Simon Family Foundation Indianapolis, IN | $26,075,189 | $9,696,254 |
Richard And Helen Devos Foundation Grand Rapids, MI | $31,037 | $11,215,000 |
Huntington Foundation Columbus, OH | $456,967 | $10,970,786 |
Zachary Smith Reynolds Trust Pittsburgh, PA | $187,892,547 | $20,789,622 |
Franciscan Health Foundation Inc Mishawaka, IN | $46,155,507 | $9,741,999 |
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |
The Steve & Amy Van Andel Foundation Grand Rapids, MI | $111,040,892 | $8,504,096 |