Turnaround Tuesday Inc
- Assets
- $394.7k
- Revenue
- $791.3k
- Investments
- $0.0
- Employees
- 19
- Location
- Baltimore, MD
- Founding
- Data as of
- 12/2021
- EIN
- 83-3204982
Organization Overview
Turnaround Tuesday Inc is located in Baltimore, MD. According to its NTEE Classification (P19) the organization is classified as: Support N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2021, Turnaround Tuesday Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Turnaround Tuesday 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 12/2021, Turnaround Tuesday Inc generated $791.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 40.8% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE, TRAIN, AND CONNECT "RETURNING", UNEMPLOYED, AND UNDEREMPLOYED CITIZENS TO LIVING WAGE JOBS AND TO BUILD A VIBRANT PUBLIC LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, IN CARRYING OUT THE ORGANIZATION'S MISSION, TURNAROUND TUESDAY HELD NUMEROUS TRAINING SESSIONS AND ESSENTIAL SKILLS COURSES, SERVING 372 PARTICIPANTS AND PLACING 239 PARTICIPANTS IN LIVEABLE WAGE JOBS. TAT ALSO PARTNERED WITH LOCAL COMMUNITY HEALTHCARE ORGANIZATIONS TO PROVIDE TRAINING AND SUPPORT.
COVID RELIEF ASSISTANCE PROVIDED TO PROGRAM PARTICIPANTS WITH PAYING BILLS THAT WERE DIFFICULT TO PAY AS A RESULT OF THE PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Farfel Secretary | OfficerTrustee | 4 | $0 |
Joanne Stanton Vice Preside | OfficerTrustee | 4 | $0 |
Martin King Treasurer | OfficerTrustee | 4 | $0 |
Ronald Peterson Co-Chair | OfficerTrustee | 4 | $0 |
Marshall Prentice Co-Chair | OfficerTrustee | 4 | $0 |
Peter Bain Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,488 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $194,432 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $426,758 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $622,678 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $791,310 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,087 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $690,150 |
| Pension plan accruals and contributions | $82,911 |
| Other employee benefits | $52,125 |
| Payroll taxes | $56,304 |
| Fees for services: Management | $3,197 |
| Fees for services: Legal | $7,122 |
| Fees for services: Accounting | $74,238 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $820 |
| Advertising and promotion | $0 |
| Office expenses | $36,277 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,605 |
| Travel | $460 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,610 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,046,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,285 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $102,397 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,969 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $394,651 |
| Accounts payable and accrued expenses | $21,107 |
| Grants payable | $0 |
| Deferred revenue | $148,380 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $374,458 |
| Other liabilities | $0 |
| Total liabilities | $543,945 |
| Net assets without donor restrictions | -$149,294 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $394,651 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Turnaround Tuesday Inc has recieved totaling $656,500.
| Awarding Organization | Amount |
|---|---|
The Harry & Jeanette Weinberg Foundation Inc Owings Mills, MD PURPOSE: TO SUPPORT TURNAROUND TUESDAY IN PREPARING RETURNING, UNEMPLOYED, AND UNDEREMPLOYED CITIZENS TO RE-ENTER THE WORKFORCE. | $200,000 |
The Abell Foundation Inc Baltimore, MD PURPOSE: WORKFORCE DEVELOPMENT | $125,000 |
Hofffberger Foundation Inc Baltimore, MD PURPOSE: UNRESTRICTED | $100,000 |
The Harry & Jeanette Weinberg Foundation Inc Owings Mills, MD PURPOSE: TO SUPPORT TURNAROUND TUESDAY IN PREPARING RETURNING, UNEMPLOYED, AND UNDEREMPLOYED CITIZENS TO RE-ENTER THE WORKFORCE. | $100,000 |
M Goldseker Foundation Of Md Baltimore, MD PURPOSE: SUPPORTING GRANT | $75,000 |
Alliance For Open Society International Inc New York, NY PURPOSE: TO PROVIDE GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
People-Centered Research Foundation Washington, DC | $8,465,362 | $17,764,685 |
Landis Communities Lititz, PA | $2,732,817 | $5,852,358 |
Bhp Services Philadelphia, PA | $4,760,730 | $6,563,621 |
Christian Alliance For Orphans McLean, VA | $4,229,337 | $4,343,152 |
American Association For Marriage And Family Therapy Research And Ed Alexandria, VA | $1,594,981 | $1,658,269 |
Multicultural Community Resource Center Erie, PA | $2,319,348 | $1,918,528 |
Family Of Care Alliance Inc La Plata, MD | $3,822,202 | $1,760,828 |
Turnaround Tuesday Inc Baltimore, MD | $394,651 | $791,310 |
Abuse Network Inc Lewistown, PA | $353,158 | $1,005,541 |
Georgetown Ministry Center Washington, DC | $794,791 | $868,850 |
Lutheran Volunteer Corps Washington, DC | $725,625 | $903,984 |
The Genieve Shelter Suffolk, VA | $1,678,612 | $1,015,543 |