Overview
What is Turn 2 Foundation Inc?
The Turn 2 Foundation Inc, based in its operations, is a nonprofit organization committed to inspiring young individuals to distance themselves from substance abuse and embrace healthier lifestyles. They achieve this goal by sponsoring various programs and initiatives, granting funds, and offering scholarships. These ventures aim to promote academic success, foster responsible behavior, and encourage healthy living, while also recognizing and rewarding students for their exceptional academic achievements, extracurricular involvement, and community service in the New York City area through the Jeter's Leaders Programs.
Official website here: www.turn2foundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
The Turn 2 Foundation Inc has received a score of 73%, which reflects a moderate level of accountability and financial health within the organization. Their independent board size is strong with 3 independent members, but the overall percentage of independent board members is low at 37%, which may indicate potential governance concerns. Despite this, they excelled in areas such as financial statements audit and policies related to conflict of interest and whistleblower protections.
Financially, the foundation demonstrates a high program expense ratio of 89.79%, suggesting that the majority of its expenditures are directed towards its programs rather than administrative costs. However, the organization's liabilities to assets ratio of 94.16% is a significant concern, indicating that liabilities are nearly equal to total assets, which may affect long-term sustainability. While the foundation maintains good financial practices, the absence of their tax form on the nonprofit's website is a notable limitation in transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Turn 2 Foundation Inc legitimate?
Turn 2 Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Turn 2 Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $106,713
Professional Fundraising Fees: $0
Other Salaries and Wages: $527,253
For more financial information, click here
Official website here: www.turn2foundation.org
What is the mission statement of Turn 2 Foundation Inc?
The Turn 2 Foundation's mission is centered around establishing and sustaining significant initiatives that inspire young individuals to abandon substance abuse and embrace healthier lifestyles. Through these endeavors, the foundation aims to provide platforms to promote academic excellence, leadership development, and the fostering of positive behaviors. By sponsoring grants and scholarships, the Turn 2 Foundation supports programs that encourage academic achievement, positive behavior, health consciousness, and community involvement. Additionally, they sponsor Jeter's Leaders Programs in various locations to acknowledge students for their academic achievements, extracurricular activities, and community service contributions.
Official website here: www.turn2foundation.org
Who is the CEO of Turn 2 Foundation Inc?
Sharlee Jeter is the Chairman, Director of Turn 2 Foundation Inc.
Official website here: www.turn2foundation.org
What is the revenue of Turn 2 Foundation Inc?
Turn 2 Foundation Inc's revenue in 2022 was $1,793,494.
Official website here: www.turn2foundation.org
Who are the executives of Turn 2 Foundation Inc and what are their salaries?
The average compensation at Turn 2 Foundation Inc during 2022 was $70,441. There are 9 employees and 40 volunteers at Turn 2 Foundation Inc.
Here are 8 key members and their salaries:
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- Compensation: $106,713
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Official website here: www.turn2foundation.org
Where can I find the form 990 for Turn 2 Foundation Inc?
Turn 2 Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.turn2foundation.org
Learn more at the official website: www.turn2foundation.org
Mission Statement of Turn 2 Foundation Inc
The Turn 2 Foundation, named after baseball player Derek Jeter, aims to establish and endorse distinctive programs and activities that inspire young individuals to abandon substance abuse, specifically drugs and alcohol, and adopt a healthier lifestyle. By engaging in these initiatives, the foundation aims to foster outlets promoting academic excellence, leadership development, and positive behavior. In pursuit of this mission, the Turn 2 Foundation sponsors grants and scholarships for programs that encourage academic achievements, positive behaviors, and community involvement. Furthermore, the foundation supports Jeter's Leaders Programs in the New York City area to recognize and commend students for their exceptional academic performance, extracurricular activities, and community service.
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Impact
October, 2024
Turn 2 Foundation Inc has a significant impact on young people by motivating them to turn away from drugs and alcohol and embrace healthy lifestyles. Through its signature programs and activities, the foundation fosters an environment that promotes academic excellence, leadership development, and positive behavior.
By sponsoring grants and scholarships, Turn 2 Foundation supports various initiatives that encourage youth engagement in academics, community service, and extracurricular activities. The foundation's Jeter's Leaders Programs in the New York City area are particularly noteworthy, as they recognize and reward students for their achievements, further instilling a sense of purpose and community involvement.
Overall, Turn 2 Foundation Inc not only helps young individuals navigate the challenges of adolescence but also equips them with the skills and recognition needed to succeed in their personal and academic pursuits, ultimately contributing to a healthier, more engaged society.
This information is meant to be a general summary of Turn 2 Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $49,829
- Gross Receipts: $3,377,941
Assets and Liabilities:
- Total Assets: $5,569,855
- Total Liabilities: $5,244,589
- Net Assets: $325,266
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Organization Details
Founding Year
1996
Phone
(216) 920-4800Principal Officer
Sharlee Jeter
Main Address
6050 OAK TREE BLVD SUITE 500, INDEPENDENCE, OH, 44131
Website
www.turn2foundation.orgNTEE Category
Code: T22J - Philanthropy
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