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Turkish-American Cultural Foundation

Tax-deductible

Sunnyvale, CA501(c)(3)Since 2022ReligionEIN 88-2677342Revenue $206K in FY2025

On file with the IRS863 Mango Ave, 94087-1661 · Sunnyvale, CATax-exempt since Jul 2023Publicly supported charity — 170(b)(1)(A)(vi)

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The specific purpose of this corporation is to convey the true spiritual and moral values of islam and provide social, Cultural, and educational programs to preserve, promote and teach Turkish language, history, culture and traditions.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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
3 of 4
filings with a surplus
Average surplus $345K a year · 89% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $51K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$418K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$206K
+64% vs prior year
Spent
$50K
Net assets
$1.5M
By yearFY2022–FY2025
Revenue
$206K
FY2025▲ +64%
Tap a bar for its year
Revenue by fiscal year
FY2022$1.2M
FY2023$0
FY2024$126K
FY2025$206K
Expenses
$50K
FY2025▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2022$14K
FY2023$50K
FY2024$52K
FY2025$50K
Net assets
$1.5M
FY2025▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2022$1.3M
FY2023$1.3M
FY2024$1.3M
FY2025$1.5M

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2023.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $50K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Oguz Olcay
Chief Executive Officer
$0Pt VII · Sec A
Suleyman Yesilyurt
Chief Financial Officer
$0Pt VII · Sec A
Ali Atesoglu
Secretary
$0Pt VII · Sec A
Adam Arz
Board Member
$0Pt VII · Sec A
Baki Yasar
Board Member
$0Pt VII · Sec A
See Turkish-American Cultural Foundation 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

Promotes Islamic values and Turkish culture through social, educational, and language programs.

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1 program · in their own filed words · FY2025
01

Please see schedule o for achievements during the year in the general explanation statements.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Turkish-American Religious FoundationFY2024$51K
Total grants receivedfrom 1 funder$51K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$206K
Ln 12
Gifts and grantsLn 1h$206K
Money outPt IX
$50K
Ln 25
Managementcol C$50K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$12K
Total assetsLn 16$1.9M
LiabilitiesLn 26$418K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$206K
Total revenueLn 12$206K
Assets in detailPt X, end of year
CashLn 1$12K
Cash and savings togetherLn 1–2$12K
Land, buildings, equipmentLn 10c$1.9M
Total assetsLn 16$1.9M
LiabilitiesLn 26$418K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$12K$12K
Land, buildings, equipmentLn 10c$1.9M$1.9M
Total assetsLn 16$1.9M$1.9M
LiabilitiesLn 26$574K$418K
Net assetsLn 32$1.3M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Depreciation, depletion and amortizationLn 22$16K$16K
Other expenses (24a–d)Ln 24$34K$34K
Total functional expensesLn 25$50K$0$50K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $206K$50K$156K$1.5M 990 PDF
FY2024 $126K$52K$74K$1.3M 990 PDF
FY2023 $0$50K−$50K$1.3M 990 PDF
FY2022 $1.2M$14K$1.2M$1.3M 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 (6 parts)
Part I · Summary $205,644 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $125,627$205,644
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $80$0
I-12 Total revenuePrior year $125,707$205,644
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $51,831$49,830
I-18 Total expensesPrior year $51,831$49,830
I-19 Revenue less expensesPrior year $73,876$155,814
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $205,644 across 4 lines filed
VIII-1f All other contributions, gifts and grants$205,644
VIII-1h Total contributions, gifts and grants$205,644
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$205,644
Part IX · Statement of functional expenses $49,830 across 2 lines filed
IX-22 Depreciation, depletion and amortizationManagement $15,733$15,733
IX-24 Other expenses (24a–d)Management $34,097$34,097
IX-25 Total functional expensesPrograms $0 · Management $49,830 · Fundraising $0$49,830
Part X · Balance sheet $1,868,098 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $11,968$11,515
X-10c Land, buildings and equipment, netStart of year $1,856,583$1,856,583
X-16 Total assetsStart of year $1,868,551$1,868,098
X-24 Unsecured notes and loans payableStart of year $574,000$417,733
X-26 Total liabilitiesStart of year $574,000$417,733
X-27 Net assets without donor restrictionsStart of year $1,294,551$1,450,365
X-32 Total net assets or fund balancesStart of year $1,294,551$1,450,365
X-33 Total liabilities and net assetsStart of year $1,868,551$1,868,098
Part XI · Reconciliation of net assets $1,450,365 net assets at year end
XI-1 Total revenue$205,644
XI-2 Total expenses$49,830
XI-3 Revenue less expenses$155,814
XI-4 Net assets at start of year$1,294,551
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,450,365

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

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