Turning Point Foundation FY2022 filing

Tax-deductible

Visalia, CA501(c)(3)Since 1979EIN 94-2674284

Turning point foundation is created to devote and apply the trust fund for the benefit of turning point of central california, INC., a non-profit charitable corporation.

501(c)(3) charity; gifts are tax-deductible.
93¢ 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $10K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.9M
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.9M
+9% vs prior year
Spent
$5.5M
To programs
93%
Net assets
$10.6M
By yearFY2020–FY2024
Revenue
$5.9M
FY2022▲ +9%
Revenue by fiscal year
FY2020$5.1M
FY2021$5.4M
FY2022$5.9M
FY2023$5.0M
FY2024$5.6M
FY2024$6.2M
Expenses
$5.5M
FY2022▲ +10%
Expenses by fiscal year
FY2020$4.3M
FY2021$5.0M
FY2022$5.5M
FY2023$5.6M
FY2024$6.5M
FY2024$5.4M
Net assets
$10.6M
FY2022▲ +3%
Net assets by fiscal year
FY2020$9.8M
FY2021$10.2M
FY2022$10.6M
FY2023$10.0M
FY2024$9.1M
FY2024$9.8M

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

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1980.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $5.1M Management & general 7% · $407K

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

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
See Turning Point 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 15aNo

Programs and updates

Funds programs and services for Turning Point of Central California.

Provided by the organization

This section is blank until Turning Point Foundation claims this page.

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3 program services account for $5.1M of program spending, described in the organization's own filed words · FY2021.
01

Administration of the self-insurance health insurance program for turning point of central california, inc.

$5.0Mprogram expense
02

Other support activities for turning point of central california, inc.

$73Kprogram expense
03

Provided support for turning point of central california inc., including a scholarship program for its employees.

$12Kprogram 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 · 10 grants · $546K · 2019–2024
Unitemized GrantFY2022$5,000
Unitemized GrantFY2021$11,786
Unitemized GrantFY2020$7,500
Unitemized GrantFY2019$9,700

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$5.9M
Ln 12
Fees for servicesLn 2g$5.1M
Investment incomeLn 3$785K
Money outPt IX
$5.5M
Ln 25
Programscol B$5.1M
Managementcol C$407K
Owns and owesPt X
$10.6M
net assets · Ln 32
Cash and savingsLn 1–2$5.7M
Total assetsLn 16$12.4M
LiabilitiesLn 26$1.9M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$5.1M
Investment incomeLn 3$785K
Gains on assetsLn 7$685K
Total revenueLn 12$5.9M
Assets in detailPt X, end of year
CashLn 1$5.1M
SavingsLn 2$604K
Cash and savings togetherLn 1–2$5.7M
InvestmentsLn 11–13$2K
Land, buildings, equipmentLn 10c$2.6M
Other assetsLn 15$1.9M
Total assetsLn 16$12.4M
LiabilitiesLn 26$1.9M
Net assetsLn 32$10.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
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$4.8M$5.7M
InvestmentsLn 11–13$2K$2K
Land, buildings, equipmentLn 10c$2.8M$2.6M
Total assetsLn 16$12.1M$12.4M
LiabilitiesLn 26$1.9M$1.9M
Net assetsLn 32$10.2M$10.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$73K$73K
Grants to domestic individualsLn 2$12K$12K
Accounting feesLn 11c$2K$2K
Office expensesLn 13$42K$42K
OccupancyLn 16$124K$124K
InterestLn 20$37K$37K
Depreciation, depletion and amortizationLn 22$203K$203K
Other expenses (24a–d)Ln 24$5.0M$5.0M
Total functional expensesLn 25$5.5M$5.1M$407K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $5.6M$6.5M−$899K$9.1M 990 PDF
FY2023 $5.0M$5.6M−$536K$10.0M 990 PDF
FY2022 Viewing $5.9M$5.5M$354K$10.6M 990 PDF
FY2021 $5.4M$5.0M$367K$10.2M 990 PDF
FY2020 $5.1M$4.3M$766K$9.8M 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 (4 parts)
Part VIII · Statement of revenue $5,892,432 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,107,592$5,107,592
VIII-3 Investment incomeExcluded from tax $99,739$99,739
VIII-7 Net gain or loss on sales of assetsExcluded from tax $685,101$685,101
VIII-12 Total revenueRelated to mission $5,107,592 · Unrelated business $0 · Excluded from tax $784,840$5,892,432
Part IX · Statement of functional expenses $5,538,407 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $73,272$73,272
IX-2 Grants to domestic individualsPrograms $11,786$11,786
IX-11c Accounting feesManagement $1,500$1,500
IX-13 Office expensesManagement $41,534$41,534
IX-16 OccupancyManagement $123,632$123,632
IX-20 InterestManagement $36,785$36,785
IX-22 Depreciation, depletion and amortizationManagement $203,363$203,363
IX-24 Other expenses (24a–d)Programs $5,046,535$5,046,535
IX-25 Total functional expensesPrograms $5,131,593 · Management $406,814 · Fundraising $0$5,538,407
Part X · Balance sheet $12,423,714 assets, 15 lines filed
Asset lines not itemized here account for $1,623,284; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $4,197,281$5,109,343
X-2 Savings and temporary cash investmentsStart of year $602,676$604,305
X-4 Accounts receivableStart of year $588,623$584,819
X-8 Inventories for sale or useStart of year $279,826$0
X-9 Prepaid expenses and deferred chargesStart of year $14,184$9,004
X-10c Land, buildings and equipment, netStart of year $2,826,626$2,566,481
X-11 Publicly traded securitiesStart of year $1,906$1,836
X-15 Other assetsStart of year $1,999,320$1,924,642
X-16 Total assetsStart of year $12,063,659$12,423,714
X-17 Accounts payable and accrued expensesStart of year $18,250$44,980
X-25 Other liabilitiesStart of year $1,098,926$1,223,863
X-26 Total liabilitiesStart of year $1,853,093$1,859,193
X-27 Net assets without donor restrictionsStart of year $10,210,566$10,564,521
X-32 Total net assets or fund balancesStart of year $10,210,566$10,564,521
X-33 Total liabilities and net assetsStart of year $12,063,659$12,423,714
Part XI · Reconciliation of net assets $10,564,521 net assets at year end
XI-1 Total revenue$5,892,432
XI-2 Total expenses$5,538,407
XI-3 Revenue less expenses$354,025
XI-4 Net assets at start of year$10,210,566
XI-5 Net unrealized gains (losses) on investments−$70
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,564,521

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

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