Turquoise Charitable Foundation
- Assets
- $154.9m
- Revenue
- -$5.3m
- Investments
- $138.2m
- Employees
- 0
- Location
- Clearwater, FL
- Founding
- Data as of
- 12/2022
- EIN
- 87-1174327
Organization Overview
Turquoise Charitable Foundation is located in Clearwater, FL. 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. Turquoise 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,800 |
| Interest on Savings | $128 |
| Dividends & Interest | $541,189 |
| Net Rental Income | $269,459 |
| Net Gain on Sale of Assets | -$6,473,819 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $205,332 |
| Total Revenue | -$5,251,648 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $61,413 |
| Taxes | $89,042 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $585,116 |
| Total operating and administrative expenses | $777,202 |
| Contributions, gifts, grants paid | $23,836,176 |
| Total expenses and disbursements | $24,613,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,280,513 |
| 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 | $14,371,745 |
| Investments—mortgage loans | $0 |
| Investments—other | $38,090,893 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $154,851,232 |
| 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, Turquoise Charitable Foundation has awarded $23,836,176 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
US IAS MEMBERS TRUST PURPOSE: SOCIAL BETTERMENT | $3,136,176 |
US IAS MEMBERS TRUST PURPOSE: SOCIAL BETTERMENT | $20,700,000 |