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Nonprofiteer
← TURN 2 FOUNDATION INC

Form 990 for tax year 2024

Filed by TURN 2 FOUNDATION INC.

Totals

Total revenue
$1,394,112
Total expenses
$2,129,600
Contributions and grants received
$2,311,694
Grants paid
$225,000
Program service revenue
$0
Investment income
$16,715
Other revenue
-$934,297
Total assets, end of year
$541,900
Total liabilities, end of year
$68,252
Net assets or fund balances, end of year
$473,648
Program services expenses (Part IX)
$1,568,936
Management and general expenses
$508,896
Fundraising expenses
$51,768
Program service expenses (Part III)
$1,568,936

Program services were 73.7% 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.

  • 1c · Fundraising events

    $1,161,254

  • 1f · All other contributions, gifts and grants

    $1,150,440

  • 1g · Noncash contributions included above

    $228,153

  • 3 · Investment income

    total $12,347 · excluded $12,347

  • 7a · Gross sales of assets other than inventory

    securities $731,725

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

    securities $727,357

  • 7c · Gain or loss

    securities $4,368

  • 7d · Net gain or loss

    total $4,368 · related or exempt $4,368

  • 8a · Fundraising events: gross income

    $376,287

  • 8a · Fundraising events: contributions included on line 1c

    $1,161,254

  • 8b · Fundraising events: direct expenses

    $1,319,053

  • 8c · Net income from fundraising events

    total -$942,766 · excluded -$942,766

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $8,469 · excluded $8,469

  • 11e · Other revenue, total

    $8,469

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $225,000 · program services $225,000

  • 7 · Other salaries and wages

    total $393,780 · program services $350,464 · management and general $23,627 · fundraising $19,689

  • 8 · Pension plan contributions

    total $15,055 · program services $13,399 · management and general $903 · fundraising $753

  • 9 · Other employee benefits

    total $287,839 · program services $256,177 · management and general $17,270 · fundraising $14,392

  • 10 · Payroll taxes

    total $48,918 · program services $43,537 · management and general $2,935 · fundraising $2,446

  • 11g · Fees: other

    total $435,394 · program services $2,897 · management and general $432,497

  • 13 · Office expenses

    total $36,183 · program services $27,137 · management and general $9,046

  • 16 · Occupancy

    total $97,271 · program services $86,571 · management and general $5,836 · fundraising $4,864

  • 17 · Travel

    total $162,168 · program services $144,330 · management and general $9,730 · fundraising $8,108

  • 22 · Depreciation, depletion and amortization

    total $4,519 · management and general $4,519

  • 23 · Insurance

    total $18,951 · program services $18,951

  • 24a · Other expenses: FACILITY EXPENSE

    total $167,375 · program services $167,375

  • 24b · Other expenses: STIPENDS

    total $89,500 · program services $89,500

  • 24c · Other expenses: MEALS & BEVERAGES

    total $57,956 · program services $57,956

  • 24d · Other expenses: MISCELLANEOUS

    total $30,284 · program services $26,949 · management and general $1,819 · fundraising $1,516

  • 24e · All other expenses

    total $59,407 · program services $58,693 · management and general $714

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $187 · end of year $783

  • 2 · Savings and temporary cash investments

    beginning of year $430,381 · end of year $226,994

  • 3 · Pledges and grants receivable

    beginning of year $482,960 · end of year $195,248

  • 4 · Accounts receivable

    beginning of year $22,351 · end of year $25,000

  • 8 · Inventories for sale or use

    beginning of year $50,559 · end of year $50,559

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,959 · end of year $14,197

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

    $208,189

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

    $195,795

  • 10c · Land, buildings and equipment, net

    beginning of year $12,607 · end of year $12,394

  • 11 · Investments: publicly traded securities

    beginning of year $502,013 · end of year $0

  • 15 · Other assets

    beginning of year $16,725 · end of year $16,725

  • 17 · Accounts payable and accrued expenses

    beginning of year $66,122 · end of year $8,252

  • 18 · Grants payable

    beginning of year $253,675 · end of year $60,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,211,945 · end of year $473,648

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO CREATE AND SUPPORT SIGNATURE PROGRAMS AND ACTIVITIES THAT MOTIVATE YOUNG PEOPLE TO TURN AWAY FROM DRUGS AND ALCOHOL AND "TURN 2" HEALTHY LIFESTYLES. THROUGH THESE VENTURES, THE FOUNDATION STRIVES TO CREATE OUTLETS TO PROMOTE & REWARD ACADEMIC EXCELLENCE, LEADERSHIP DEVELOPMENT & POSITIVE BEHAVIOR.

  • SPONSOR JETER'S LEADERS LEADERSHIP SUMMIT HELD IN WASHINGTON, DC THAT RECOGNIZES STUDENTS FOR THEIR ACADEMIC ACHIEVEMENT, EXTRACURRICULAR ACTIVITIES, & COMMUNITY SERVICE

    Expenses $269,445

  • SPONSOR JETER'S LEADERS PROGRAMS IN THE NEW YORK CITY AREA AND KALAMAZOO AREA THAT RECOGNIZE STUDENTS FOR THEIR ACADEMIC ACHIEVEMENT, EXTRACURRICULAR ACTIVITIES, & COMMUNITY SERVICE

    Expenses $235,944

  • SPONSOR GRANTS AND SCHOLARSHIPS FOR PROGRAMS THAT ENCOURAGE AND SUPPORT STUDENTS WHO ACHIEVE ACADEMICALLY, DISPLAY POSITIVE BEHAVIOR, LEAD HEALTHY LIFESTYLES, AND PARTICIPATE IN COMMUNITY ACTIVITIES.

    Expenses $225,000 · Grants $225,000

  • OTHER CHARITABLE PROGRAMS

    Expenses $838,547

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Derek S Jeter

    CHAIRMAN, DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sanderson Charles Jeter

    VICE CHAIRMAN, DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dorothy Jeter

    TREASURER, DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sharlee Jeter

    PRESIDENT/SECRETARY, DIREC

    Total calculated
    $0
    Hours/week
    20

  • Nneka Frye

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hannah Jeter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Barr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Geoff Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202533089349302743

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