Turning Point Inc
- Assets
- $1.6m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 56
- Location
- Minneapolis, MN
- Founding
- 12/1975
- Data as of
- 12/2021
- EIN
- 51-0164092
Organization Overview
Turning Point Inc is located in Minneapolis, MN. The organization was established in 1975. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2021, Turning Point Inc employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Turning Point 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, Turning Point Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 2.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHEMICAL DEPENDENCY TREATMENT AND SOCIAL SERVICE PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHEMICAL DEPENDENCY - LICENSED, RESIDENTIAL PROGRAMS ARE DESIGNED TO PROVIDE TREATMENT SERVICES WITH HOUSING AND TRANSITIONAL SUPPORT FOR PRIMARLY AFRICAN AMERICAN MALE CLIENTS. MEN WHO HAVE BEED ASSESSED AS CHEMICALLY DEPENDENT MAY PARTICIPATE IN THIS PRIMARY TREATMENT PROGRAM. THEY RECEIVE GENDER SPECIFIC TREATMENT IN A 90 DAY INPATIENT PROGRAM. THE PROGRAM IS SPLIT INTO TWO PHASES. PHASE 1 BEING 30 DAYS AND PHASE 2 UP TO 60 DAYS. A CLIENT WHO SUCESSFULLY COMPLETESE PHASE 1 MAY ENTER PHASE 2 FOR ADDITIONAL CARE AND SUPPORT.
SEE SCHEDULE O
SUPPORTIVE HOUSING - THIS PROGRAM'S PRIMARY GOAL IS TO ASSIST PEOPLE WHO HAVE BARRIERS TO SECURING SAFE, SECURE AND AFFORDABLE HOUSING. BARRIERS MAY INCLUDE HIV/AIDS DIAGNOSIS, CHEMICAL DEPENDENCY, MENTAL ILLNESS, AND UNSTABLE RENTAL ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Hayden | Officer | 40 | $184,864 |
Elizabeth Reed | Officer | 40 | $106,181 |
Greg Jones | Officer | 40 | $103,897 |
Angela Reed | Officer | 40 | $102,782 |
Erin Hayden | Trustee | 0.5 | $0 |
Henry Crosby | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $786,369 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,035 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $828,404 |
| Total Program Service Revenue | $2,697,599 |
| 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 | $3,532,909 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $497,724 |
| Compensation of current officers, directors, key employees. | $291,045 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,391,790 |
| Pension plan accruals and contributions | $26,644 |
| Other employee benefits | $50,720 |
| Payroll taxes | $135,460 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $98,661 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,937 |
| Office expenses | $133,866 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $270,778 |
| Travel | $25,256 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,198 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,404 |
| Insurance | $113,663 |
| All other expenses | $18,907 |
| Total functional expenses | $3,201,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $487,835 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $203,386 |
| 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 | $874,583 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,565,804 |
| Accounts payable and accrued expenses | $202,875 |
| 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 | $716,476 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $919,351 |
| Net assets without donor restrictions | $486,426 |
| Net assets with donor restrictions | $160,027 |
| 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 | $1,565,804 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Turning Point Inc has recieved totaling $29,870.
| Awarding Organization | Amount |
|---|---|
Weekes Family Foundation Hudson, WI PURPOSE: CHARITABLE | $23,000 |
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, HEALTH | $6,865 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Area Substance Abuse Council Cedar Rapids, IA | $11,919,914 | $12,188,379 |
Tubman Minneapolis, MN | $17,800,603 | $11,842,964 |
Reverence For Life & Concern For People Inc Granite Falls, MN | $32,754,729 | $12,373,698 |
Center For Alcohol & Drug Treatment Inc Duluth, MN | $7,223,543 | $9,794,445 |
Heartview Foundation Bismarck, ND | $12,961,123 | $10,576,696 |
Prelude Behavioral Services Iowa City, IA | $7,107,907 | $7,728,524 |
Mooring Programs Incorporated Neenah, WI | $2,098,833 | $6,922,837 |
House Of Mercy Des Moines, IA | $3,800,476 | $8,298,538 |
Minnesota Indian Primary Residental Treatment Center Inc Sawyer, MN | $12,554,536 | $7,543,605 |
Nuway Recovery Foundation Minneapolis, MN | $2,836,058 | $6,551,015 |
Share House Inc Fargo, ND | $8,286,212 | $7,856,343 |
Center For Alcohol & Drug Services Inc Davenport, IA | $6,325,120 | $4,957,237 |