Turners INC FY2022 filing

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EIN 74-0955310 Mutual-benefit / member-serving Kirby, TX NTEE N30
Form 990 (PDF)

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Revenue & expenses by yearFY2021–FY2025
Revenue
$378K
FY2022▲ +66%
Expenses
$379K
FY2022▲ +16%

Form 990 for the fiscal year ending May 2022 (IRS tax year 2021).


Preserves history and fosters community development through physical, intellectual, and social programs. For fiscal year 2022 it reported $378K in revenue, $379K in expenses, and $1.0M in net assets.Pt I

Type
Mutual-benefit / member-serving · Recreation & Sports
Location
Kirby, TX
Website
www.turnerclub.org
Filings
5 on file (2021–2022)
Revenue
$378KFY2022
Expenses
$379K
Net assets
$1.0M
People
8
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Size
$100K–1M
What they do
Preserves history and fosters community development through physical, intellectual, and social programs.
Leadership
Richard Quiroga · President
Money in and out
$378K revenue, $379K expenses
Bottom line
-0.3% surplus margin
Reported financial activity · FY2022
Total revenue
$378K
Pt VIII · Ln 12
Total expenses
$379K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1K
Where spending went · Part IX cols B–D
Program services $0.60 Management & general $0.40
Surplus margin
-0.3%
revenue over expenses, this year
Program spending
60%
of expenses reach programs

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Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$1.8M
FY2022▼ -3%
Total liabilities
$728K
FY2022▼ -8%
Revenue less expensesPt I · Ln 19−$1K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B60%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CTurners INC
EINHdr · item D74-0955310
Principal addressHdr · item CKirby, TX
WebsiteHdr · item Jwww.turnerclub.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(7) · active
NTEE classificationIRS BMFRecreation & Sports (N30)
Ruling yearIRS BMFJun 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $227K of program spending, described in the organization's own filed words · FY2021.
01

Social venue

$120Kprogram expense
02

Expenses associated for providing bowling venues venue for its members

$93Kprogram expense
03

Social and intellectual venue

$14Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$182K · 48%
Other revenue$132K · 35%
Contributions & grants$64K · 17%
Program service revenue48%$182K
Other revenue35%$132K
Contributions & grants17%$64K
— government grantsLn 1e$50K
Total revenueLn 12$378K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.60 Management & general $0.40
Program services60%$227K
Management & general40%$152K
Total functional expensesLn 25$379K

Balance Sheet

Part X · end of year
CashLn 1$44K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$728K
Total net assetsLn 32$1.0M
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $44K · Operating expenses/yr $379K
1.4 months
Where the money goes
Program services
Program services $227K · Total expenses $379K
60%
Management & General
Management & general $152K · Total expenses $379K
40%
Fundraising
Fundraising $0 · Total expenses $379K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $12K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $64K · Total revenue $378K
17%
Government reliance
Government grants $50K · Total revenue $378K
13%
Earned-income share
Program service revenue $182K · Total revenue $378K
48%
Investment reliance
Investment income $0 · Total revenue $378K
0%
Program self-sufficiency
Program service revenue $182K · Total expenses $379K
48%
Growth & trend
Revenue growth (YoY)
This year $378K · Prior year $227K
+66%
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $378K · Expenses $379K
-0.3%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
—
Net-asset ratio
Net assets $1.0M · Total assets $1.8M
59%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Richard Quiroga · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $379K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $138K · Total expenses $379K
36%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 60%——
Overhead ratio 40%——
Fundraising cost ratio 0%——
Revenue growth 66%——
Accounting fee ratio 2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$522K revenue · ⤓ 990 PDF
FY2024$465K revenue · ⤓ 990 PDF
FY2023$422K revenue · ⤓ 990 PDF
FY2022$378K revenue · viewing · ⤓ 990 PDF
FY2021$227K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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