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Nonprofiteer
← THE TURNER FOUNDATION - SINCE 1958

Form 990 for tax year 2022

Filed by THE TURNER FOUNDATION - SINCE 1958.

Totals

Total revenue
$3,001,578
Total expenses
$3,682,434
Contributions and grants received
$296,427
Grants paid
$0
Program service revenue
$2,704,530
Investment income
$621
Other revenue
$0
Total assets, end of year
$24,589,649
Total liabilities, end of year
$18,469,488
Net assets or fund balances, end of year
$6,120,161
Program services expenses (Part IX)
$2,553,913
Management and general expenses
$827,518
Fundraising expenses
$301,003
Program service expenses (Part III)
$2,553,913

Program services were 69.4% 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.

  • 1e · Government grants (contributions)

    $5,400

  • 1f · All other contributions, gifts and grants

    $291,027

  • 2a · Program service revenue: RENTAL INCOME

    total $1,656,464 · related or exempt $1,656,464

  • 2b · Program service revenue: GOVERNMENT FUNDED RENT

    total $1,020,900 · related or exempt $1,020,900

  • 2c · Program service revenue: LAUNDRY ROOM INCOME

    total $27,166 · related or exempt $27,166

  • 3 · Investment income

    total $621 · excluded $621

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $313,512 · program services $106,225 · management and general $207,287

  • 7 · Other salaries and wages

    total $679,365 · program services $371,972 · management and general $97,618 · fundraising $209,775

  • 9 · Other employee benefits

    total $81,288 · program services $39,890 · management and general $24,525 · fundraising $16,873

  • 10 · Payroll taxes

    total $78,358 · program services $37,583 · management and general $24,156 · fundraising $16,619

  • 11a · Fees: management

    total $94,961 · program services $94,961

  • 11b · Fees: legal

    total $25,439 · management and general $25,439

  • 11c · Fees: accounting

    total $122,042 · program services $30,000 · management and general $92,042

  • 11e · Fees: professional fundraising services

    total $22,548 · fundraising $22,548

  • 11g · Fees: other

    total $862 · management and general $862

  • 12 · Advertising and promotion

    total $35,188 · fundraising $35,188

  • 16 · Occupancy

    total $760,905 · program services $439,330 · management and general $321,575

  • 17 · Travel

    total $10,865 · program services $10,865

  • 20 · Interest

    total $551,254 · program services $551,254

  • 22 · Depreciation, depletion and amortization

    total $675,246 · program services $675,246

  • 23 · Insurance

    total $115,458 · program services $90,505 · management and general $24,953

  • 24a · Other expenses: TENANT ACTIVITIES

    total $41,570 · program services $41,570

  • 24b · Other expenses: IMPACT VISION

    total $38,468 · program services $38,468

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $30,597 · program services $24,116 · management and general $6,481

  • 24d · Other expenses: BOARD OF DIRECTORS EXPE

    total $2,580 · management and general $2,580

  • 24e · All other expenses

    total $1,928 · program services $1,928

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $495,282 · end of year $544,004

  • 4 · Accounts receivable

    beginning of year $139,388 · end of year $20,819

  • 9 · Prepaid expenses and deferred charges

    end of year $22,329

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

    $30,391,692

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

    $6,672,006

  • 10c · Land, buildings and equipment, net

    beginning of year $24,077,802 · end of year $23,719,686

  • 14 · Intangible assets

    beginning of year $273,241 · end of year $262,929

  • 15 · Other assets

    beginning of year $19,882 · end of year $19,882

  • 17 · Accounts payable and accrued expenses

    beginning of year $93,077 · end of year $135,639

  • 23 · Secured mortgages and notes payable

    beginning of year $18,147,671 · end of year $17,926,828

  • 25 · Other liabilities

    beginning of year $241,189 · end of year $407,021

  • 27 · Net assets without donor restrictions

    beginning of year $6,523,658 · end of year $6,120,161

Mission and programs · 2022

Mission

THE MISSION OF THE TURNER FOUNDATION IS TO PROVIDE SAFE, AFFORDABLE HOUSING AS WELL AS PROGRAMS AND SERVICES THAT WILL IMPROVE THE QUALITY OF LIFE FOR THE RESIDENTS AND SURROUNDING SANTA BARBARA COMMUNITY.

Activities or mission (Part I)

PROVIDE AFFORDABLE HOUSING, PROGRAMS AND SERVICES TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS

  • THE TURNER FOUNDATION (SINCE 1958) OWNS AND OPERATES A 70-UNIT AFFORDABLE HOUSING COMPLEX ON THE WEST SIDE OF SANTA BARBARA, CALIFORNIA. THE HOUSING COMMUNITY IS CALLED "THE VILLAGE OF SANTA BARBARA." THE APARTMENT COMPLEX HAS A MIX OF STUDIOS, ONE, AND TWO-BEDROOM UNITS. A PLAYGROUND, BASKETBALL COURT, AND SWIMMING POOL ARE ALL AMENITIES AT THE VILLAGE. IN AUGUST OF 2014, THE TURNER FOUNDATION ACQUIRED A 45-UNIT COMPLEX ON THE WEST SIDE OF SANTA BARBARA. THIS HOUSING COMMUNITY IS CALLED "THE LIGHTHOUSE OF SANTA BARBARA." THROUGH CITY FUNDING, GRANTS, DONATIONS, AND OTHER FUNDS THE ORGANIZATION IMPROVES LIVING CONDITIONS FOR LOW-INCOME FAMILIES AT BOTH PROPERTIES THROUGH NEW AND ONGOING REMODELS AND RENOVATIONS.

    Expenses $2,298,522 · Revenue $2,704,530

  • THE ORGANIZATION'S ON-SITE PROGRAMMING AIMS TO PROMOTE THE WELFARE OF THE WHOLE FAMILY BY OFFERING HIGH QUALITY SERVICES. AN ON-SITE LEARNING CENTER AND COMMUNITY CENTER ARE THE APEX ENVIRONMENTS FOR MEETING THE EDUCATIONAL NEEDS FOR CHILDREN (PRESCHOOL - TWELFTH GRADE). ON-SITE PROGRAMMING INCLUDES AN AFTER SCHOOL ENRICHMENT PROGRAM, YOUTH SUMMER PROGRAM, PERFORMING ARTS PROGRAM AND ART PROGRAM. ALL ON-SITE PROGRAMS ARE AT NO COST TO THE TENANTS AND OFFER POSITIVE, EDUCATIONAL AND ENRICHING EXPERIENCES FOR THE CHILDREN LIVING IN THE COMMUNITY. PROGRAMMING IS MADE POSSIBLE THROUGH COMMUNITY PARTNERSHIPS, GRANTS, DONATIONS, AND OTHER FUNDS.

    Expenses $255,391

  • THE TURNER FOUNDATION RUNS PROGRAMS TO PROMOTE THE WELFARE OF AND PROVIDE SPIRITUAL, EDUCATIONAL, AND FINANCIAL SUPPORT FOR PERSONS WITH DISABILITIES AND SPECIAL NEEDS, FAMILIES AND YOUTH. THERE ARE ALSO PROGRAMS TO PROMOTE HEALING AND RESTORATION THROUGH PRAYER AND SPIRITUAL SERVICES.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Curtis Yates

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Bryan Westerfeld

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nathaniel Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Olson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Dean Wilson

    CEO

    Total calculated
    $207,287
    From this org
    $207,287
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,287
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $207,287

  • Donald Feller

    SECRETARY/DIRECTOR OF OPERATIONS

    Total calculated
    $106,225
    From this org
    $106,225
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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 · 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349328104

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