Overview
What is Turning Point Endowment Inc?
Turning Point Endowment Inc, located at 4940 E Beverly Rd, Phoenix, AZ 85044, functions as a supporting organization for Turning Point USA. This nonprofit is committed to furthering Turning Point USA's mission, which emphasizes educating students about fiscal responsibility, free markets, and capitalism. By making contributions and maintaining investments, Turning Point Endowment contributes to the long-term vitality of Turning Point USA, enabling it to effectively carry out its charitable objectives.
What are the reviews and ratings of this charity?
Charity Navigator Rating 74% - Two-Star out of Four Star Rating
Turning Point Endowment Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization shows some strengths, it falls short in certain areas. The rating is derived entirely from an Accountability & Finance beacon score, suggesting a focus on financial practices rather than overall operational effectiveness.
One notable strength of the organization is the composition of its board, with 66% independent members, which promotes good governance. Furthermore, the charity has a strong commitment to financial oversight, evidenced by a perfect score regarding its Audit and Oversight Committee, as well as no reported material diversion of assets. Their policies on conflicts of interest, whistleblower protections, and document retention are also well-established.
However, the organization has room for improvement, particularly in its Program Expense Ratio, which at 59.91% is below the ideal range expected for nonprofits. This suggests that a smaller portion of expenditures is directed toward program services, which might raise concerns among donors about the effectiveness of the organization’s impact. Overall, while Turning Point Endowment Inc demonstrates sound financial practices, enhancing its program spending could improve its overall rating and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Turning Point Endowment Inc legitimate?
Turning Point Endowment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Turning Point Endowment 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Turning Point Endowment Inc?
Turning Point Endowment Inc serves as a supporting organization for Turning Point USA. Its primary mission is to contribute to and bolster the charitable endeavors and long-term sustainability of Turning Point USA. The endowment accomplishes this by making donations and managing investments specifically intended to enhance the financial stability of Turning Point USA.
Who is the CEO of Turning Point Endowment Inc?
Charles Kirk is the President of Turning Point Endowment Inc.
What is the revenue of Turning Point Endowment Inc?
Turning Point Endowment Inc's revenue in 2022 was $12,624,532.
Who are the executives of Turning Point Endowment Inc and what are their salaries?
There 2 volunteers at Turning Point Endowment Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $393,676
- Other: $2,071
Where can I find the form 990 for Turning Point Endowment Inc?
Turning Point Endowment Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Turning Point Endowment Inc
Turning Point Endowment, a supporting organization, plays a crucial role in furthering the charitable purposes and long-term sustainability of Turning Point USA (TPUSA). By maintaining investments and providing contributions, Turning Point Endowment bolsters TPUSA's mission to educate students on fiscal responsibility, free markets, and capitalism. Through this supportive relationship, Turning Point Endowment enhances TPUSA's capacity to instill essential values in the next generation.
In essence, Turning Point Endowment serves as a pillar of strength for Turning Point USA. Its primary objective is to ensure TPUSA's financial stability and enable it to continue its invaluable work in the educational sphere. By providing TPUSA with a steady source of funds, Turning Point Endowment empowers the organization to expand its reach and make a more significant impact on students across the nation. Thus, Turning Point Endowment's mission can be paraphrased as fostering the sustainable growth of Turning Point USA, safeguarding its future endeavors, and ultimately, contributing to the broader cause of fostering a generation of informed citizens versed in the principles of financial prudence and economic freedom.
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Impact
October, 2024
Turning Point Endowment Inc. significantly impacts the educational landscape by bolstering the efforts of Turning Point USA (TPUSA). By providing vital financial support and maintaining investments, it ensures that TPUSA can continue its mission of educating students about fiscal responsibility, free markets, and the principles of capitalism. This support not only aids in the immediate operational needs of TPUSA but also enhances its long-term stability and effectiveness in reaching and influencing young minds. The organization plays a crucial role in advancing the dialogue around important economic concepts and fosters a generation equipped to engage thoughtfully in discussions about free enterprise and individual liberties. Through its contributions, Turning Point Endowment Inc. empowers future leaders and promotes a deeper understanding of the values that underpin a thriving democratic society.
This information is meant to be a general summary of Turning Point Endowment 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: $1,556,832
- Gross Receipts: $12,624,532
Assets and Liabilities:
- Total Assets: $55,992,781
- Total Liabilities: $61,974
- Net Assets: $55,930,807
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Organization Details
Founding Year
2017
Phone
(844) 872-1776Principal Officer
Charles Kirk
Main Address
4940 E BEVERLY RD, PHOENIX, AZ, 85044
NTEE Category
Code: P51 - Human services
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