Thomas L Turner Charitable Tr
- Assets
- $1.2m
- Revenue
- $79.1k
- Investments
- $1.2m
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 72-6179272
Organization Overview
Thomas L Turner Charitable Tr is located in Mobile, AL. The organization was established in 1998. 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. Thomas L Turner Charitable Tr 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, Thomas L Turner Charitable Tr generated $79.1k 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 (4.6%) each year. All expenses for the organization totaled $191.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Thomas L Turner Charitable Tr has awarded 121 individual grants totaling $1,171,785. 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 |
|---|---|---|---|
Edmon H Mckinley Distribution Comm. Chair | 2 | $4,710 | |
James A Cox Distribution Comm. Member | 1 | $3,140 | |
Louis Finlay Distribution Comm. Member | 1 | $0 | |
Emory Mosley Distribution Comm. Member | 1 | $3,140 | |
Regions Bank Trustee | 5 | $42,476 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,307 |
| Dividends & Interest | $14,011 |
| Net Rental Income | -$8,067 |
| Net Gain on Sale of Assets | $26,168 |
| Capital Gain Net Income | $26,168 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35,650 |
| Total Revenue | $79,136 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $53,466 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $328 |
| Taxes | $126 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,019 |
| Total operating and administrative expenses | $70,739 |
| Contributions, gifts, grants paid | $121,010 |
| Total expenses and disbursements | $191,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,112 |
| 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 | $645,180 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,210,038 |
| 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, Thomas L Turner Charitable Tr has awarded $121,010 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ALABAMA SOCIETY SONS OF AMERICAN REVOLUTION PURPOSE: ASSIST IN ITS CHARITABLE PURPOSE - SAR MUSEUM SHIP | $10,000 |
ARCHEOLOGY OF CLARK COUNTY PURPOSE: ASSIST IN ITS CHARITABLE PURPOSE | $5,000 |
BOYS AND GIRLS CLUB PURPOSE: ASSIST IN ITS CHARITABLE PURPOSE | $2,500 |
CLARKE COUNTY HISTORICAL SOCIETY PURPOSE: ASSIST IN ITS CHARITABLE PURPOSES | $46,000 |
CITY OF THOMASVILLE RECREATION DEPT PURPOSE: ASSIST IN ITS CHARITABLE PURPOSE | $5,000 |
GAINESTOWN UNITED METHODIST CHURCH PURPOSE: ASSIST IN ITS CHARITABLE PURPOSE | $5,000 |