W H Turner & Sara Elizabeth Turner Medical Trust
- Assets
- $13.0m
- Revenue
- $587.4k
- Investments
- $12.7m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 06/2000
- Data as of
- 10/2022
- EIN
- 63-6219873
Organization Overview
W H Turner & Sara Elizabeth Turner Medical Trust is located in Birmingham, AL. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. W H Turner & Sara Elizabeth Turner Medical Trust 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 10/2022, W H Turner & Sara Elizabeth Turner Medical Trust generated $587.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $978.8k during the year ending 10/2022. While expenses have increased by 3.6% per year over the past 4 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.
Since 2020, W H Turner & Sara Elizabeth Turner Medical Trust has awarded 17 individual grants totaling $3,314,226. 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 |
|---|---|---|---|
Regions Bank Trustee | 4 | $85,064 | |
Chuck Ledbetter Dothan City School Scholarship Comm | 1 | $0 | |
Mark Scott Houston County School Scholarship Comm | 1 | $0 | |
Chris Nicholls Houston County Medi Scholarship Comm | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $353,289 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $234,116 |
| Capital Gain Net Income | $234,116 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $587,405 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $85,064 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,405 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $381 |
| Total operating and administrative expenses | $131,886 |
| Contributions, gifts, grants paid | $846,891 |
| Total expenses and disbursements | $978,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $241,175 |
| 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 | $12,715,899 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,957,074 |
| 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, W H Turner & Sara Elizabeth Turner Medical Trust has awarded $846,891 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UAB SCHOOL OF MEDICINE PURPOSE: SCHOLARSHIPS | $632,385 |
Mobile, AL PURPOSE: SCHOLARSHIP | $198,792 |
UNIVERSITY OF ALABAMA PURPOSE: SCHOLARSHIP | $9,970 |
Dothan, AL PURPOSE: GENERAL OPERATING | $5,744 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |