Turo Foundation
- Assets
- $145.3k
- Revenue
- $13.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Holly Springs, PA
- Founding
- 02/2012
- Data as of
- 12/2023
- EIN
- 45-2446944
Organization Overview
Turo Foundation is located in Mount Holly Springs, PA. The organization was established in 2012. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Turo Foundation 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 12/2023, Turo Foundation generated $13.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $16.9k during the year ending 12/2023. While expenses have increased by 13.4% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATE TO OTHER CHARITIES TO FURTHER THEIR MISSIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,146 |
| Interest on Savings | $0 |
| Dividends & Interest | $463 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,609 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $412 |
| Total operating and administrative expenses | $412 |
| Contributions, gifts, grants paid | $16,441 |
| Total expenses and disbursements | $16,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,174 |
| Savings and temporary cash investments | $15,462 |
| 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 | $123,657 |
| Total assets | $145,293 |
| 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, Turo Foundation has awarded $15,441 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS PURPOSE: PROVIDE SMALL CASH AID TO NUMEROUS INDIVIDUALS TO | $5,971 |
VARIOUS PURPOSE: FURTHER THEIR MISSIONS | $4,870 |
ST PATRICK SCHOOL PURPOSE: FURTHER THE SCHOOLS MISSION | $4,600 |