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← TURNING POINT MINISTRIES FOUNDATION

Form 990 for tax year 2022

Filed by TURNING POINT MINISTRIES FOUNDATION.

Totals

Total revenue
-$33,866
Total expenses
$965,797
Contributions and grants received
$84,947
Grants paid
$887,352
Program service revenue
$0
Investment income
-$118,813
Other revenue
$0
Total assets, end of year
$629,169
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$629,169
Program services expenses (Part IX)
$900,124
Management and general expenses
$64,922
Fundraising expenses
$751
Program service expenses (Part III)
$900,124

Program services were 93.2% 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

    $84,947

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $197 · excluded $197

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    other assets $887,352

  • 7b · Less cost or other basis and sales expenses

    other assets $1,006,362

  • 7c · Gain or loss

    securities $0 · other assets -$119,010

  • 7d · Net gain or loss

    total -$119,010 · excluded -$119,010

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $887,352 · program services $887,352

  • 11c · Fees: accounting

    total $2,562 · management and general $2,562

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $60,856 · management and general $60,856

  • 16 · Occupancy

    total $12,778 · program services $10,861 · management and general $1,278 · fundraising $639

  • 22 · Depreciation, depletion and amortization

    total $2,249 · program services $1,911 · management and general $226 · fundraising $112

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $557,573 · end of year $629,169

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,071,259 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0

  • 18 · Grants payable

    beginning of year $0

  • 19 · Deferred revenue

    beginning of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,628,832 · end of year $629,169

  • 28 · Net assets with donor restrictions

    beginning of year $0

Mission and programs · 2022

Mission

Turning Point Ministries Foundation was formed to support Turning Point for God, a California nonprofit religious corporation, in its mission to promote awareness of the need for a personal relationship with Jesus Christ and to depend upon Him as the source of strength, wisdom, understanding and ability to deal with one's personal problems and affairs.

Activities or mission (Part I)

Supporting Turning Point for God, a California nonprofit organization, in reaching its mission.

  • The specific purpose for which this corporation is formed is to present Jesus Christ, God in the flesh, the Son of God, as the source and means for the realization and fulfillment of people's basic needs and desires, both eternally and temporally, and to support Turning Point for God, a California nonprofit religious corporation, in its mission to promote awareness of the need for a personal relationship with Jesus Christ and to depend upon Him as the source of strength, wisdom, understanding and ability to deal with one's personal problems and affairs.

    Expenses $900,124 · Grants $887,352

As filed on the 2022 return.

Listed in Part VII

  • David M Jeremiah

    Director / Secretary

    Total calculated
    $523,124
    From this org
    $0
    From related orgs
    $300,821
    Other
    $222,303
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $288,656 related
    Bonus
    $0 + $1,851 related
    Other
    $0 + $10,314 related
    Deferred
    $0 + $47,500 related
    Nontaxable benefits
    $0 + $174,803 related
    Filer's total
    $0 + $523,124 related

  • David P Jeremiah

    Director/Co-Chairman

    Total calculated
    $113,162
    From this org
    $0
    From related orgs
    $113,162
    Other
    $0
    Hours/week
    0.1 + 40 related

  • Dick Korpan

    Director/Co-Chairman

    Total calculated
    $0
    Hours/week
    0.1

  • Brian Cook

    CFO

    Total calculated
    $224,143
    From this org
    $0
    From related orgs
    $200,714
    Other
    $23,429
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,784 related
    Bonus
    $0 + $1,690 related
    Other
    $0 + $240 related
    Deferred
    $0 + $10,139 related
    Nontaxable benefits
    $0 + $13,290 related
    Filer's total
    $0 + $224,143 related

  • Lisa Reschetnikow

    President

    Total calculated
    $385,663
    From this org
    $0
    From related orgs
    $341,278
    Other
    $44,385
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $339,655 related
    Bonus
    $0 + $1,623 related
    Other
    $0
    Deferred
    $0 + $17,581 related
    Nontaxable benefits
    $0 + $26,804 related
    Filer's total
    $0 + $385,663 related

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

None.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
5 April 2024
IRS schema version
2022v5.0
Source object
202420969349301507

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