F Allen & Louise K Turner Charitable Foundation
- Assets
- $1.5m
- Revenue
- $71.0k
- Investments
- $1.4m
- Employees
- 0
- Location
- Auburn, AL
- Founding
- 12/2001
- Data as of
- 12/2022
- EIN
- 63-1286914
Organization Overview
F Allen & Louise K Turner Charitable Foundation is located in Auburn, AL. The organization was established in 2001. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. F Allen & Louise K Turner Charitable 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 12/2022, F Allen & Louise K Turner Charitable Foundation generated $71.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $101.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, F Allen & Louise K Turner Charitable Foundation has awarded 34 individual grants totaling $545,414. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR HISTORIC CEMETARY
SUPPORT FOR ECOLOGY FOUNDATION
SUPPORT FOR WATER RESOURCE CENTER
SUPPORT FOR RECONSTRUCTION OF HISTORIC FIRE TOWER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alesia M Davenport President | 1 | $0 | |
Kimberly E Walker Vice President | 1 | $0 | |
Brian Walker Treasurer | 1 | $0 | |
Naomi Brooks Corresponding Sec | 1 | $0 | |
Marcalyn Price Secretary | 1 | $0 | |
Karen Mccauley Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $32,733 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,271 |
| Capital Gain Net Income | $38,271 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $71,009 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,876 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $637 |
| Total operating and administrative expenses | $12,557 |
| Contributions, gifts, grants paid | $89,000 |
| Total expenses and disbursements | $101,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,966 |
| Savings and temporary cash investments | $65,952 |
| 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 | $2,715 |
| Total assets | $1,483,953 |
| 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, F Allen & Louise K Turner Charitable Foundation has awarded $89,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN UNIVERSITY FOUNDATION PURPOSE: LOUISE KREHER FOREST ECOLOGY PRESERVE | $25,000 |
AUBURN HERITAGE ASSOCIATION PURPOSE: CLEANREPAIR GRAVESITE HISTORIC MARKERS EQUIP HISTORIC PINE HILL LANTERN TOUR | $30,000 |
KALMIA GARDENS OF COKER UNIVERSITY PURPOSE: ENHANCEMENTS TO GARDENS | $1,000 |
CHEROKEE RIDGE ALPINE TRAIL ASSOCIATION PURPOSE: LAND TO RECONSTRUCT HISTORIC FIRE TOWER | $8,000 |
AUBURN UNIVERSITY FOUNDATION PURPOSE: AUBURN UNIVERSITY WATER RESOURCE CENTER | $25,000 |