Turney Foundation
- Assets
- $499.5k
- Revenue
- $127.5k
- Investments
- $375.6k
- Employees
- 0
- Location
- Marshall, TX
- Founding
- 07/1964
- Data as of
- 12/2022
- EIN
- 75-1043523
Organization Overview
Turney Foundation is located in Marshall, TX. The organization was established in 1964. 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. Turney 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, Turney Foundation generated $127.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $36.1k during the year ending 12/2022. While expenses have increased by 6.4% per year over the past 8 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 2015, Turney Foundation has awarded 74 individual grants totaling $187,340. 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
HARRISON COUNTY CHARITIES - PROVIDES CLOTHING FOOD AND CHRISTMAS PRESENTS FOR ECONOMICALLY DEPRIVED FAMILIES. SERVES 600 PLUS PERSONS ANNUALLY.
THE BOYS & GIRLS CLUBS OF THE BIG PINES - PROVIDES MORE THAN 100 YOUTH DEVELOPMENT PROGRAMS AT THE ORGANIZATION'S 13 BRANCHES LOCATED IN ELYSIAN FIELDS, HALLSVILLE, JEFFERSON, MARSHALL AND WASKOM. THE ORGANIZATION CURRENTLY SERVES 3,000 MEMBERS WITH AN AVERAGE DAILY ATTENDANCE OF 1,500.
MISSION MARSHALL - PROVIDES A LOCAL FOOD PANTRY TO THE NEEDY IN MARSHALL, TEXAS AND PROVIDES BICYCLES TO MISD ELEMENTARY STUDENTSTHROUGH THE READ TO RIDE PROGRAM.
MARSHALL DEPOT - ASSISTS IN MAINTAINING THE FUNDING NEEDED FOR THE OPERATION OF THE DEPOT, THE AMTRAK STATION, AND THE T & P RAILWAY MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cary M Abney Secretary | 2 | $0 | |
Chase Palmer Vice President | 1 | $0 | |
Glenn Bickerdike President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $312 |
| Dividends & Interest | $10,605 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $116,173 |
| Capital Gain Net Income | $116,173 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $408 |
| Total Revenue | $127,498 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,075 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $139 |
| Total operating and administrative expenses | $10,264 |
| Contributions, gifts, grants paid | $25,850 |
| Total expenses and disbursements | $36,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,287 |
| Savings and temporary cash investments | $0 |
| 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 | $50,000 |
| Net Land, buildings, and equipment | $560 |
| Other assets | $0 |
| Total assets | $499,459 |
| 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, Turney Foundation has awarded $25,850 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
HARRISON COUNTY CHARITIES PURPOSE: OPERATIONS | $8,000 |
MARSHALL DEPOT INC PURPOSE: OPERATIONS | $3,000 |
WINDRIDGE THERAPEUTIC EQUESTRIAN CE PURPOSE: OPERATIONS | $1,000 |
TWELVE WAY FOUNDATION PURPOSE: OPERATIONS | $1,000 |
THE BOYS GIRLS CLUBS OF THE BIG PIN PURPOSE: OPERATIONS | $2,000 |
MARSHALL EDUCATION FOUNDATION PURPOSE: OPERATIONS | $3,000 |