Turner Charitable Memorial Trust

Tax-deductible

Eagan, MN501(c)(3)Since 2009Medical ResearchEIN 26-6502560

The trust is to support or benefit sansum diabetes research institute, santa barbara, california for the primary purpose of medical research and education in the field of diabetes.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$22K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $45K a year · 59% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$22K
to officers and key staff · 23% of spending
Top officer’s pay higher than 54% of similar orgs
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$61K
-56% vs prior year
Spent
$97K
To programs
80%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$61K
FY2025▼ -56%
Revenue by fiscal year
FY2020$4K
FY2021$133K
FY2022$74K
FY2023$42K
FY2024$139K
FY2025$61K
Expenses
$97K
FY2025▼ -1%
Expenses by fiscal year
FY2020$147K
FY2021$146K
FY2022$135K
FY2023$98K
FY2024$98K
FY2025$97K
Net assets
$1.1M
FY2025▼ -3%
Net assets by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.2M
FY2023$1.1M
FY2024$1.2M
FY2025$1.1M

From the FY2025 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $77K Management & general 20% · $19K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

1 person listed on the 990; $22K paid to officers and key staff.

Part VII, Section A · reportable compensation
Trustee
$22,401Pt VII · Sec A

US Bank NA’s $22K as Trustee is at the 54th percentile of top reported officer pay among 89 <$100K medical research nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
US Bank NA$22,401$19,480$17,553———
Mufg Union Bank NA———$18,974$20,380$18,268

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Turner Charitable Memorial Trust executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds medical research and education for diabetes.

Provided by the organization

This section is blank until Turner Charitable Memorial Trust claims this page.

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1 program service account for $77K of program spending, described in the organization's own filed words · FY2025.
01

To support sansum diabetes research institute, santa barbara, ca

$77Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $231K · 2023–2025

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$61K
Ln 12
Investment incomeLn 3$61K
Money outPt IX
$97K
Ln 25
Programscol B$77K
Managementcol C$19K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$9K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$61K
Gains on assetsLn 7$17K
Total revenueLn 12$61K
Assets in detailPt X, end of year
SavingsLn 2$9K
Cash and savings togetherLn 1–2$9K
InvestmentsLn 11–13$1.1M
Other assetsLn 15$1K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$20K$9K
InvestmentsLn 11–13$1.1M$1.1M
Total assetsLn 16$1.2M$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.2M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$75K$75K
Pay of current officers, directors and key staffLn 5$20K$2K$18K
Other fees for servicesLn 11g$0$0
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$97K$77K$19K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $61K$97K−$36K$1.1M 990 PDF
FY2024 $139K$98K$41K$1.2M 990 PDF
FY2023 $42K$98K−$55K$1.1M 990 PDF
FY2022 $74K$135K−$61K$1.2M 990 PDF
FY2021 $133K$146K−$14K$1.2M 990 PDF
FY2020 $4K$147K−$143K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $60,647 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $43,914$43,914
VIII-7 Net gain or loss on sales of assetsExcluded from tax $16,733$16,733
VIII-12 Total revenueExcluded from tax $60,647$60,647
Part IX · Statement of functional expenses $96,637 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $75,150$75,150
IX-5 Pay of current officers, directors and key staffPrograms $2,040 · Management $18,361$20,401
IX-11g Other fees for servicesManagement $0$0
IX-24 Other expenses (24a–d)Management $1,086$1,086
IX-25 Total functional expensesPrograms $77,190 · Management $19,447 · Fundraising $0$96,637
Part X · Balance sheet $1,116,876 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $20,500$8,934
X-11 Publicly traded securitiesStart of year $1,130,987$1,106,603
X-15 Other assetsStart of year $1,382$1,339
X-16 Total assetsStart of year $1,152,869$1,116,876
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,152,869$1,116,876
X-32 Total net assets or fund balancesStart of year $1,152,869$1,116,876
X-33 Total liabilities and net assetsStart of year $1,152,869$1,116,876
Part XI · Reconciliation of net assets $1,116,876 net assets at year end
XI-1 Total revenue$60,647
XI-2 Total expenses$96,637
XI-3 Revenue less expenses−$35,990
XI-4 Net assets at start of year$1,152,869
XI-9 Other changes in net assets−$3
XI-10 Net assets at end of year$1,116,876

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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