Turning Point Foundation FY2024 filing

Tax-deductible

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

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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.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.5M
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.6M
+11% vs prior year
Spent
$6.5M
To programs
95%
Net assets
$9.1M
By yearFY2020–FY2024
Revenue
$5.6M
FY2024▲ +11%
Revenue by fiscal year
FY2020$5.1M
FY2021$5.4M
FY2022$5.9M
FY2023$5.0M
FY2024$5.6M
FY2024$6.2M
Expenses
$6.5M
FY2024▲ +17%
Expenses by fiscal year
FY2020$4.3M
FY2021$5.0M
FY2022$5.5M
FY2023$5.6M
FY2024$6.5M
FY2024$5.4M
Net assets
$9.1M
FY2024▼ -9%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

You’re viewing the FY2024 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

95 cents of each dollar spent went to programs.

Program services 95% · $6.2M Management & general 5% · $345K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chief Financial Officer
$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

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3 program services account for $6.2M of program spending, described in the organization's own filed words · FY2023.
01

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

$5.9Mprogram expense
02

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

$234Kprogram expense
03

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

$4Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$5.6M
Ln 12
Fees for servicesLn 2g$5.5M
Investment incomeLn 3$125K
Money outPt IX
$6.5M
Ln 25
Programscol B$6.2M
Managementcol C$345K
Owns and owesPt X
$9.1M
net assets · Ln 32
Cash and savingsLn 1–2$4.3M
Total assetsLn 16$11.6M
LiabilitiesLn 26$2.5M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$5.5M
Investment incomeLn 3$125K
Gains on assetsLn 7−$175
Total revenueLn 12$5.6M
Assets in detailPt X, end of year
CashLn 1$3.8M
SavingsLn 2$584K
Cash and savings togetherLn 1–2$4.3M
InvestmentsLn 11–13$2.8M
Land, buildings, equipmentLn 10c$2.8M
Other assetsLn 15$664K
Total assetsLn 16$11.6M
LiabilitiesLn 26$2.5M
Net assetsLn 32$9.1M
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 FY24End FY24
Cash and savingsLn 1–2$3.2M$4.3M
InvestmentsLn 11–13$1.0M$2.8M
Land, buildings, equipmentLn 10c$3.0M$2.8M
Total assetsLn 16$12.2M$11.6M
LiabilitiesLn 26$2.2M$2.5M
Net assetsLn 32$10.0M$9.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$234K$234K
Grants to domestic individualsLn 2$4K$4K
Legal feesLn 11b$97$97
Office expensesLn 13$71K$71K
OccupancyLn 16$22K$22K
InterestLn 20$47K$47K
Depreciation, depletion and amortizationLn 22$192K$192K
Other expenses (24a–d)Ln 24$5.9M$5.9M
All other expensesLn 24e$13K$13K
Total functional expensesLn 25$6.5M$6.2M$345K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $5.6M$6.5M−$899K$9.1M 990 PDF
FY2023 $5.0M$5.6M−$536K$10.0M 990 PDF
FY2022 $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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $5,611,438 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,486,847$5,486,847
VIII-3 Investment incomeExcluded from tax $124,766$124,766
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$175−$175
VIII-12 Total revenueRelated to mission $5,486,847 · Unrelated business $0 · Excluded from tax $124,591$5,611,438
Part IX · Statement of functional expenses $6,510,664 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $233,537$233,537
IX-2 Grants to domestic individualsPrograms $3,740$3,740
IX-11b Legal feesManagement $97$97
IX-13 Office expensesManagement $70,961$70,961
IX-16 OccupancyManagement $21,600$21,600
IX-20 InterestManagement $46,910$46,910
IX-22 Depreciation, depletion and amortizationManagement $192,390$192,390
IX-24 Other expenses (24a–d)Programs $5,928,081$5,928,081
IX-24e All other expensesManagement $13,348$13,348
IX-25 Total functional expensesPrograms $6,165,358 · Management $345,306 · Fundraising $0$6,510,664
Part X · Balance sheet $11,587,827 assets, 14 lines filed
Asset lines not itemized here account for $78,442; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,607,062$3,760,030
X-2 Savings and temporary cash investmentsStart of year $562,146$584,247
X-4 Accounts receivableStart of year $845,119$843,812
X-9 Prepaid expenses and deferred chargesStart of year $800$2,846
X-10c Land, buildings and equipment, netStart of year $3,020,807$2,834,591
X-11 Publicly traded securitiesStart of year $1,006,726$2,819,933
X-15 Other assetsStart of year $897,508$663,926
X-16 Total assetsStart of year $12,228,477$11,587,827
X-17 Accounts payable and accrued expensesStart of year $22,682$225,897
X-25 Other liabilitiesStart of year $1,276,537$1,383,806
X-26 Total liabilitiesStart of year $2,200,000$2,458,067
X-27 Net assets without donor restrictionsStart of year $10,028,477$9,129,760
X-32 Total net assets or fund balancesStart of year $10,028,477$9,129,760
X-33 Total liabilities and net assetsStart of year $12,228,477$11,587,827
Part XI · Reconciliation of net assets $9,129,760 net assets at year end
XI-1 Total revenue$5,611,438
XI-2 Total expenses$6,510,664
XI-3 Revenue less expenses−$899,226
XI-4 Net assets at start of year$10,028,477
XI-5 Net unrealized gains (losses) on investments$509
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,129,760

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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