Turning Point Action Inc
- Assets
- $2.3m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 17
- Location
- Crown Point, IN
- Founding
- Data as of
- 06/2021
- EIN
- 46-4331510
Organization Overview
Turning Point Action Inc is located in Crown Point, IN. As of 06/2021, Turning Point Action Inc employed 17 individuals. Turning Point Action Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2021, Turning Point Action Inc generated $11.3m in total revenue. All expenses for the organization totaled $9.3m during the year ending 06/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SOCIAL WELFARE THROUGH RAISING AWARENESS ABOUT FREE MARKETS AND CAPITALISM, INITIATING CIVIC ACTION AMONGST THE YOUNGER GENERATION AND EDUCATING YOUTH IN ORDER TO BE A RESOURCE FOR FREE MARKET THINKERS TO FUTHER ADVANCE THEIR VALUES TO EDUCATE AND EMPOWER THE YOUNGER GENERATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE SOCIAL WELFARE THROUGH RAISING AWARENESS ABOUT FREE MARKETS AND CAPITALISM, INITIATING CIVIC ACTION AMONGST THE YOUNGER GENERATION AND EDUCATING YOUTH IN ORDER TO BE A RESOURCE FOR FREE MARKET THINKERS TO FURTHER ADVANCE THEIR VALUES TO EDUCATE AND EMPOWER THE YOUNGER GENERATION.
TO PROMOTE SOCIAL WELFARE THROUGH RAISING AWARENESS ABOUT FREE MARKETS AND CAPITALISM, INITIATING CIVIC ACTION AMONGST THE YOUNGER GENERATION AND EDUCATING YOUTH IN ORDER TO BE A RESOURCE FOR FREE MARKET THINKERS TO FURTHER ADVANCE THEIR VALUES TO EDUCATE AND EMPOWER THE YOUNGER GENERATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Kirk President/ceo | OfficerTrustee | 8 | $98,200 |
Tyler Bowyer Chief Operating Officer | Officer | 5 | $62,100 |
Tom Sodeika Treasurer | OfficerTrustee | 1 | $0 |
Scott Studebaker Secretary | OfficerTrustee | 1 | $0 |
Bob Mcewen Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rally Forge Llc Social/digital Media/ad Placement | 6/29/21 | $1,816,775 |
Arsenal Media Group Marketing: Videos/add Placement | 6/29/21 | $613,750 |
Pursuit Venture Llc Book Publisher | 6/29/21 | $333,926 |
Arsenal Media Group Marketing: Videos/add Placement | 6/29/21 | $613,750 |
Pursuit Venture Llc Book Publisher | 6/29/21 | $333,926 |
Cloverstone Ventures Llc Fundraising | 6/29/21 | $101,065 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,279,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,279,325 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,279,325 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,360,000 |
| 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. | $89,600 |
| Compensation of current officers, directors, key employees. | $4,480 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $429,182 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $34,413 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $151,023 |
| Fees for services: Accounting | $25,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,263,749 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,182,620 |
| Advertising and promotion | $741,194 |
| Office expenses | $73,253 |
| Information technology | $3,542 |
| Royalties | $0 |
| Occupancy | $5,269 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,947,350 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,800 |
| All other expenses | $187 |
| Total functional expenses | $9,314,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,277,550 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $668 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,632 |
| Total assets | $2,281,850 |
| Accounts payable and accrued expenses | $52,583 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $52,583 |
| Net assets without donor restrictions | $2,229,267 |
| 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 | $2,281,850 |
Grants Awarded
Over the last fiscal year, Turning Point Action Inc has awarded $2,720,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Phoenix, AZ PURPOSE: AWARENESS OF FREE MARKETS | $1,350,000 |
Phoenix, AZ PURPOSE: AWARENESS OF FREE MARKETS | $1,350,000 |
Houston, TX PURPOSE: GENERAL SUPPORT | $10,000 |
Houston, TX PURPOSE: GENERAL SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Turning Point Action Inc has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
The Concord Fund Washington, DC PURPOSE: general support | $50,000 |
45committee Inc Herndon, VA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinese American Service League Inc Chicago, IL | $15,835,299 | $20,315,146 |
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Leavenworth-Jefferson Electric Cooperative Inc Topeka, KS | $0 | $20,178,550 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Botsford Continuing Care Corporation Southfield, MI | $28,554,348 | $16,692,642 |
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Blackburn University Carlinville, IL | $69,417,787 | $20,572,819 |
Community Support Services Inc Akron, OH | $23,036,222 | $26,517,082 |
Montgomery Place Chicago, IL | $31,885,880 | $16,111,662 |
Region 3b Area Agency On Aging Battle Creek, MI | $12,282,051 | $21,229,876 |
Southwest Counseling Solutions Inc Detroit, MI | $10,435,524 | $23,926,279 |
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |