Turner Foundation Inc
- Assets
- $6.5m
- Revenue
- $3.0m
- Investments
- $1.0m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 01/1991
- Data as of
- 12/2023
- EIN
- 58-1924590
Organization Overview
Turner Foundation Inc is located in Atlanta, GA. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Turner 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 12/2023, Turner Foundation Inc generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (17.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Turner Foundation Inc has awarded 378 individual grants totaling $8,112,376. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Re Turner III Chairman | 1 | $0 | |
J Rutherford Seydel II Secretary | 1 | $0 | |
Laura Lee Turner Seydel Director | 1 | $0 | |
Robert Edward Turner IV Director | 1 | $0 | |
Rhett Lee Turner Director | 1 | $0 | |
Reed Beauregard Turner Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,840,475 |
| Interest on Savings | $106,920 |
| Dividends & Interest | $23,205 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,932 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $49 |
| Total Revenue | $2,963,717 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $163,104 |
| Other employee salaries and wages | $123,771 |
| Pension plans, employee benefits | $61,811 |
| Interest | $0 |
| Taxes | $216 |
| Depreciation | $9,493 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $36,728 |
| Printing and publications | $0 |
| Other expenses | $26,583 |
| Total operating and administrative expenses | $441,993 |
| Contributions, gifts, grants paid | $2,336,892 |
| Total expenses and disbursements | $2,778,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55 |
| Savings and temporary cash investments | $5,484,660 |
| 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 | $11,105 |
| Net Investments - land, buildings, equipment | $25,197 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,521,097 |
| Accounts payable and accrued expenses | $25,807 |
| Grants payable | $592,000 |
| 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 | $617,807 |
Grants Awarded
Over the last fiscal year, Turner Foundation Inc has awarded $2,696,992 in support to 158 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: FURTHER ORG'S EXEMPT PURPOSE | $3,500 |
AMERICAN MUSEUM OF FLY FISHING PURPOSE: FURTHER ORG'S EXEMPT PURPOSE | $5,000 |
ATLANTA CHILDREN'S SHELTER PURPOSE: FURTHER ORG'S EXEMPT PURPOSE | $500 |
ATLANTA HUMANE SOCIETY PURPOSE: FURTHER ORG'S EXEMPT PURPOSE | $2,500 |
BOY SCOUTS OF AMERICA PURPOSE: FURTHER ORG'S EXEMPT PURPOSE | $10,000 |
BOY SCOUTS OF AMERICA PURPOSE: FURTHER ORG'S EXEMPT PURPOSE | $10,000 |