Overview
What is Turken Foundation Inc?
Turken Foundation Inc, headquartered in New York City, is a dedicated nonprofit organization that aims to expand educational opportunities. They provide financial aid in the form of scholarships and grants to deserving students based on their financial needs or merits. The foundation's mission extends beyond financial assistance, as it also promotes cultural awareness through educational programs. Additionally, Turken Foundation Inc offers student housing, further contributing to its comprehensive approach to supporting students' academic journeys.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating.
The Turken Foundation Inc has earned an 84% rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization scored full marks for having an independent board, with 100% of its members being independent, and for its audit and oversight practices. This indicates a robust governance structure, contributing to transparency and trust.
While the foundation shows strengths in most governance aspects, the program expense ratio of 62.01% received a lower score of 15 out of 25 points. This may suggest that while the foundation is managing its finances well, there is room for improvement in the proportion of funds directly allocated to its programs versus administrative costs.
Overall, the Turken Foundation demonstrates strong financial accountability and governance practices, which are essential for its sustainability and effectiveness in achieving its mission. However, stakeholders may want to consider the program expense ratio as a point of ongoing evaluation for the foundation's operational focus.
This AI summary has been generated from information found on Charity Navigator.
Is Turken Foundation Inc legitimate?
Turken Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Turken 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:
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What is the mission statement of Turken Foundation Inc?
The Turken Foundation Inc's mission is centered around providing student housing, educational grants, and scholarships, aimed at fostering cultural awareness. This is achieved through education, with the foundation offering opportunities for students based on their financial needs or merits. By promoting cultural awareness, the foundation seeks to contribute to a more diverse and understanding society.
What is the revenue of Turken Foundation Inc?
Turken Foundation Inc's revenue in 2023 was $2,497,019.
Who are the executives of Turken Foundation Inc and what are their salaries?
There 44 volunteers at Turken Foundation Inc.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Turken Foundation Inc?
Turken Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Turken Foundation Inc
Turken Foundation Inc is committed to providing educational opportunities and fostering cultural awareness. One of its key activities involves offering scholarships and grants to students based on their financial needs or merits. The organization seeks to promote cultural understanding through education, aiming to empower students and broaden their perspectives. In addition to financial aid, Turken Foundation Inc also provides student housing, further supporting its mission of enabling access to quality education. The foundation's mission is to make education more accessible and enriching for individuals, while simultaneously promoting cultural awareness and sensitivity.
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Impact
August, 2024
Turken Foundation Inc has a significant impact on providing educational opportunities through student housing, grants, and scholarships. They play a crucial role in supporting students in need by offering financial assistance and recognizing academic achievements. Additionally, the foundation's focus on promoting cultural awareness through education contributes to a more diverse and inclusive learning environment. Their work in New York helps foster a community that values education and provides resources for students to succeed.
This information is meant to be a general summary of Turken 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 2023.
- Program Service Revenue: $145
- Gross Receipts: $2,497,019
Assets and Liabilities:
- Total Assets: $94,636,659
- Total Liabilities: $32,876,494
- Net Assets: $61,760,165
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest
Revenue
$145
Organization Details
Founding Year
2014
Principal Officer
Behram Turan
NTEE Category
Code: B82 - Education
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