Form 990 for tax year 2022
Filed by TURKISH PHILANTHROPY FUNDS INC.
Totals
- Total revenue
- $28,424,188
- Total expenses
- $12,876,766
- Contributions and grants received
- $28,495,599
- Grants paid
- $11,281,657
- Program service revenue
- $0
- Investment income
- -$71,411
- Other revenue
- $0
- Total assets, end of year
- $36,046,741
- Total liabilities, end of year
- $3,241,961
- Net assets or fund balances, end of year
- $32,804,780
- Program services expenses (Part IX)
- $12,249,408
- Management and general expenses
- $553,745
- Fundraising expenses
- $73,613
- Program service expenses (Part III)
- $12,249,408
Program services were 95.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$28,495,599
-
1g · Noncash contributions included above
$277,718
-
3 · Investment income
total $414,906 · excluded $414,906
-
7a · Gross sales of assets other than inventory
securities $8,954,366
-
7b · Less cost or other basis and sales expenses
securities $9,440,683
-
7c · Gain or loss
securities -$486,317
-
7d · Net gain or loss
total -$486,317 · excluded -$486,317
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $501,287 · program services $501,287
-
3 · Grants to foreign organizations and individuals
total $10,780,370 · program services $10,780,370
-
5 · Compensation of officers, directors and key employees
total $233,504 · program services $93,402 · management and general $128,427 · fundraising $11,675
-
7 · Other salaries and wages
total $239,457 · program services $138,987 · management and general $49,951 · fundraising $50,519
-
8 · Pension plan contributions
total $11,623 · program services $6,625 · management and general $2,480 · fundraising $2,518
-
9 · Other employee benefits
total $11,140 · program services $3,316 · management and general $7,758 · fundraising $66
-
10 · Payroll taxes
total $38,412 · program services $19,888 · management and general $12,688 · fundraising $5,836
-
11b · Fees: legal
total $7,700 · management and general $7,700
-
11c · Fees: accounting
total $139,618 · management and general $139,618
-
11f · Fees: investment management
total $29,297 · management and general $29,297
-
11g · Fees: other
total $14,229 · program services $3,148 · management and general $11,081
-
12 · Advertising and promotion
total $92,554 · program services $9,788 · management and general $82,722 · fundraising $44
-
13 · Office expenses
total $38,760 · program services $23,876 · management and general $14,839 · fundraising $45
-
16 · Occupancy
total $23,530 · program services $9,885 · management and general $10,758 · fundraising $2,887
-
17 · Travel
total $12,489 · management and general $12,489
-
19 · Conferences, conventions and meetings
total $11,163 · management and general $11,140 · fundraising $23
-
23 · Insurance
total $3,626 · management and general $3,626
-
24a · Other expenses: BANK CHARGES
total $653,688 · program services $640,614 · management and general $13,074
-
24e · All other expenses
total $34,319 · program services $18,222 · management and general $16,097
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $2,166,889 · end of year $16,773,475
-
3 · Pledges and grants receivable
beginning of year $105,561 · end of year $3,177,657
-
9 · Prepaid expenses and deferred charges
beginning of year $51,385 · end of year $50,302
-
10a · Land, buildings and equipment: cost or other basis
$7,179
-
10b · Land, buildings and equipment: accumulated depreciation
$7,179
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $13,621,793 · end of year $16,045,307
-
17 · Accounts payable and accrued expenses
beginning of year $116,601 · end of year $100,107
-
18 · Grants payable
beginning of year $83,509 · end of year $3,141,854
-
27 · Net assets without donor restrictions
beginning of year $9,579,144 · end of year $13,992,250
-
28 · Net assets with donor restrictions
beginning of year $6,166,374 · end of year $18,812,530
Mission and programs · 2022
Mission
THE ORGANIZATION'S MISSION IS HELPING INDIVIDUAL AND CORPORATE DONORS REALIZE THEIR PHILANTHROPIC GOALS TO MEET COMMUNITY NEEDS IN THE UNITED STATES OF AMERICA AND IN TURKEY
Activities or mission (Part I)
THE ORGANIZATION'S MISSION IS HELPING INDIVIDUAL AND CORPORATE DONORS REALIZE THEIR PHILANTHROPIC GOALS TO MEET COMMUNITY NEEDS IN THE UNITED STATES OF AMERICA AND IN TURKEY.
-
DISCRETIONARY GRANTMAKING: TPF PARTNERS WITH NON-PROFIT ORGANIZATIONS IN TURKEY WHICH CAN SUBMIT APPLICATIONS TO BE CONSIDERED FOR A GRANT IN THE AREAS OF EDUCATION, GENDER EQUALITY, SOCIAL AND ECONOMIC DEVELOPMENT, AND DISASTER RELIEF. ALL GRANTS ARE APPROVED BY THE BOARD OF DIRECTORS.
Expenses $10,398,266 · Grants $9,430,515
-
TRANSITIONARY GRANTMAKING: TPF PARTNERS WITH NON-PROFIT ORGANIZATIONS IN TURKEY WHICH CAN RAISE FUNDS IN THE USA THROUGH TPF (ONLINE, ETC). THESE FUNDS ARE THEN GRANTED TO THESE ORGANIZATIONS WITH APPROVAL FROM THE BOARD.
Expenses $1,349,855 · Grants $1,349,855
-
DONOR-ADVISED GRANTMAKING: TPF OFFERS CERTAIN FUND TYPES INCLUDING ADVISED DESIGNATED AND FRIENDS OF FUNDS THAT ALLOW DONORS TO REMAIN ENGAGED IN THE GRANTMAKING PROCESS BY SUGGESTING USES FOR THEIR GIFT. DONORS MAKE GRANT RECOMMENDATIONS FOR A GRANT TO A SPECIFIC ORGANIZATION OR A PROJECT ONCE TPF'S STAFF HAVE ENSURED THE RECIPIENT ORGANIZATION IS A 501(C)(3) EQUIVALENT (FOR TURKEY) OR IN GOOD STANDING (FOR U.S.) AND THAT THE ORGANIZATION IS FINANCIALLY SOUND AND HAS FILED THE NECESSARY TAX DOCUMENTS. TPF'S BOARD OF DIRECTORS REVIEWS AND APPROVES THE GRANT. GRANTS ARE MONITORED AND EVALUATED BASED ON TPF'S GRANT MANAGEMENT PROCEDURES.
Expenses $501,287 · Grants $501,287
As filed on the 2022 return.
Listed in Part VII
-
Mehmet KirdarMEHMET KIRDAR
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 10
-
Mustafa Kemal AbadanMUSTAFA KEMAL ABADAN
CO-VICE CHAIR
- Total calculated
- $0
- Hours/week
- 8
-
Osman Coskun KurtulusOSMAN COSKUN KURTULUS
CO-VICE CHAIR
- Total calculated
- $0
- Hours/week
- 8
-
Ersin KaraogluERSIN KARAOGLU
INVESTMENT COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 6
-
Lawrence KayeLAWRENCE KAYE
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Selin GulcelikSELIN GULCELIK
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Ahmet BozerAHMET BOZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Alp OnalanALP ONALAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Aykut AtaliAYKUT ATALI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Aysegul IldenizAYSEGUL ILDENIZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 6
-
Barbaros KaraahmetBARBAROS KARAAHMET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Civan GokayCIVAN GOKAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Didem AltopDIDEM ALTOP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Ergun KirlikovaliERGUN KIRLIKOVALI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Gulden MesaraGULDEN MESARA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Maria Kupcu FigueroaMARIA KUPCU FIGUEROA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Merve GurselMERVE GURSEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Onur ErzanONUR ERZAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Onur KarayalONUR KARAYAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rahmi SayderRAHMI SAYDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Seran TrehanSERAN TREHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Ulku RoweULKU ROWE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Zeynep Oguz BilmerZEYNEP OGUZ BILMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Senay Ataselim YilmazSENAY ATASELIM YILMAZ
EXECUTIVE DIRECTOR
- Total calculated
- $242,051
- From this org
- $187,835
- From related orgs
- $0
- Other
- $54,216
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,835
- Bonus
- $19,000
- Other
- $0
- Deferred
- $8,900
- Nontaxable benefits
- $45,316
- Filer's total
- $242,051
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
GENDER EQUALITY
-
GENDER EQUALITY
-
GENDER EQUALITY
-
SOCIAL&ECONOMIC DEVELOPMENT
-
SOCIAL&ECONOMIC DEVELOPMENT
-
ARIZONA STATE UNIVERSITY WP SCHOOL OF BUSINESS
$0
SOCIAL&ECONOMIC DEVELOPMENT
-
DISASTER RELIEF
-
DISASTER RELIEF
-
DISASTER RELIEF
-
EQUALITY & EQUITY IN EDUCATION-
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431319349303018
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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