Turning Point Endowment INC FY2022 filing

Tax-deductible

Indianapolis, IN501(c)(3)Since 2017Human ServicesEIN 82-1225311Revenue $12.6M in FY2022

On file with the IRS135 N Pennsylvania St Ste 1610, 46204-2448 · Indianapolis, INTax-exempt since Feb 2018Supporting org, Type I — 509(a)(3)

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Turning Point Endowment is a supporting organization to Turning Point USA. The organization's mission is to support and benefit Turning Point usa's charitable purposes and long-term vitality.

501(c)(3) charity; gifts are tax-deductible.
59¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
6 of 6
filings with a surplus
Average surplus $9.3M a year · 94% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
59%
of spending
Worth a look: 59% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $3.7M
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$62K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.6M
-35% vs prior year
Spent
$399K
To programs
59%
Net assets
$55.9M
By yearFY2020–FY2025
Revenue
$12.6M
FY2022▼ -35%
Tap a bar for its year
Revenue by fiscal year
FY2020$16.6M
FY2021$19.5M
FY2022$12.6M
FY2023$2.0M
FY2024$3.5M
FY2025$5.3M
Expenses
$399K
FY2022▲ +44%
Tap a bar for its year
Expenses by fiscal year
FY2020$106K
FY2021$277K
FY2022$399K
FY2023$499K
FY2024$1.6M
FY2025$533K
Net assets
$55.9M
FY2022▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$23.5M
FY2021$48.1M
FY2022$55.9M
FY2023$61.0M
FY2024$69.7M
FY2025$80.9M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2018.

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

Where the money goes

59 cents of each dollar spent went to programs.

Program services 59% · $234K Management & general 41% · $165K

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

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Turning Point Endowment INC 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 15aYes

Programs and updates

Supports Turning Point USA's charitable goals and long-term health.

Questions for Turning Point Endowment INC

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Provided by the organization

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1 program · $234K · in their own filed words · FY2021
01

Turning point endowment is a supporting organization to turning point usa ("tpusa"), which is a 501c3 entity with a mission to educate students about the importance of fiscal responsibility, free markets, and capitalism.

$234Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$3.7M
Grants paid · 1 grant · $1.2M · 2023–2023
Turning Point USA INCIN · FY2023$1,200,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$12.6M
Ln 12
Gifts and grantsLn 1h$11.0M
Investment incomeLn 3$1.6M
Other incomeLn 4–11$25K
Money outPt IX
$399K
Ln 25
Programscol B$234K
Managementcol C$165K
Owns and owesPt X
$55.9M
net assets · Ln 32
Cash and savingsLn 1–2$33K
Total assetsLn 16$56.0M
LiabilitiesLn 26$62K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11.0M
Investment incomeLn 3$1.6M
Other incomeLn 4–11$25K
Total revenueLn 12$12.6M
Assets in detailPt X, end of year
CashLn 1$33K
Cash and savings togetherLn 1–2$33K
InvestmentsLn 11–13$50.5M
Land, buildings, equipmentLn 10c$5.3M
Other assetsLn 15$87K
Total assetsLn 16$56.0M
LiabilitiesLn 26$62K
Net assetsLn 32$55.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$48K$33K
InvestmentsLn 11–13$42.6M$50.5M
Land, buildings, equipmentLn 10c$5.5M$5.3M
Total assetsLn 16$48.1M$56.0M
LiabilitiesLn 26$0$62K
Net assetsLn 32$48.1M$55.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$145K$145K
Office expensesLn 13$946$946
OccupancyLn 16$105K$105K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$129K$129K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$4K$4K
Total functional expensesLn 25$399K$234K$165K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.3M$533K$4.8M$80.9M 990 PDF
FY2024 $3.5M$1.6M$1.8M$69.7M 990 PDF
FY2023 $2.0M$499K$1.5M$61.0M 990 PDF
FY2022 Viewing $12.6M$399K$12.2M$55.9M 990 PDF
FY2021 $19.5M$277K$19.2M$48.1M 990 PDF
FY2020 $16.6M$106K$16.5M$23.5M 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 FY2022 990 (6 parts)
Part I · Summary $12,624,532 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $18,825,000$11,043,050
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $559,325$1,556,832
I-11 Other revenuePrior year $109,324$24,650
I-12 Total revenuePrior year $19,493,649$12,624,532
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $276,819$398,791
I-18 Total expensesPrior year $276,819$398,791
I-19 Revenue less expensesPrior year $19,216,830$12,225,741
Part VI · Governance 2 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $12,624,532 across 6 lines filed
VIII-1d Related organizations$11,000,000
VIII-1f All other contributions, gifts and grants$43,050
VIII-1h Total contributions, gifts and grants$11,043,050
VIII-3 Investment incomeExcluded from tax $1,556,832$1,556,832
VIII-6 Net rental income or lossExcluded from tax $24,650$24,650
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,581,482$12,624,532
Part IX · Statement of functional expenses $398,791 across 9 lines filed
IX-11b Legal feesManagement $3,990$3,990
IX-11c Accounting feesManagement $3,681$3,681
IX-11f Investment management feesManagement $145,264$145,264
IX-13 Office expensesManagement $946$946
IX-16 OccupancyPrograms $104,909$104,909
IX-20 InterestManagement $3,335$3,335
IX-22 Depreciation, depletion and amortizationPrograms $128,851$128,851
IX-23 InsuranceManagement $3,368$3,368
IX-24 Other expenses (24a–d)Management $4,447$4,447
IX-25 Total functional expensesPrograms $233,760 · Management $165,031 · Fundraising $0$398,791
Part X · Balance sheet $55,992,781 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $48,125$32,654
X-4 Accounts receivableStart of year $3,600$13,600
X-10c Land, buildings and equipment, netStart of year $5,452,624$5,323,773
X-11 Publicly traded securitiesStart of year $34,462,006$37,646,415
X-12 Other securitiesStart of year $8,090,016$12,888,957
X-15 Other assetsStart of year $76,917$87,382
X-16 Total assetsStart of year $48,133,288$55,992,781
X-17 Accounts payable and accrued expenses$57,724
X-25 Other liabilitiesStart of year $0$4,250
X-26 Total liabilitiesStart of year $0$61,974
X-27 Net assets without donor restrictionsStart of year $48,133,288$55,930,807
X-32 Total net assets or fund balancesStart of year $48,133,288$55,930,807
X-33 Total liabilities and net assetsStart of year $48,133,288$55,992,781
Part XI · Reconciliation of net assets $55,930,807 net assets at year end
XI-1 Total revenue$12,624,532
XI-2 Total expenses$398,791
XI-3 Revenue less expenses$12,225,741
XI-4 Net assets at start of year$48,133,288
XI-5 Net unrealized gains (losses) on investments−$4,428,222
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$55,930,807

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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