Turkish Cultural Foundation

EIN 04-3484459 • 501(c)3 • Concord, MA

48 Jonas Brown CircleConcord, MA 01742

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

0.00x

Higher debt load relative to assets than 13% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2020

0.01x

Higher debt load relative to revenue than 16% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2020

-157%

Higher net margin than 2% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2020

$244,200

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 24.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2020

-18%

Faster asset growth than 7% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Balance Sheet

Liabilities / Assets13th percentile

Assets

Down

$6,986,025

Down $1,585,650 (-18%) from 2019

Liabilities

$11,937

Up $11,364 (+1983%) from 2019

Net Assets

Down

$6,974,088

Down $1,597,014 (-19%) from 2019

Operations

Liabilities / Revenue16th percentile Net Margin2nd percentile

Revenue

$1,016,240

Up $1,272,339 (+497%) from 2019

Expenses

$2,613,254

Up $1,886,744 (+260%) from 2019

Net Income

Down

-$1,597,014

Down $614,405 (-63%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth7th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

Highlighted filing

2020

Assets$6,986,025

Liabilities$11,937

Net Assets$6,974,088

Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

Highlighted filing

2020

Revenue$1,016,240

Expenses$2,613,254

Net Income-$1,597,014

Open 2020 Filing

Filings

Most recent year

2020 • Form 990PFXML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing

Assets: $6,986,025
Liabilities: $11,937
Net assets: $6,974,088
Revenue: $1,016,240
Expenses: $2,613,254
Net income: -$1,597,014

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$6.99	$0.01	$6.97	$1.02	$2.61	$1.60
2019Detailed filing. Detailed filing data is available for this year.	$8.57	$0.00	$8.57	$0.26	$0.73	$0.98
2018Summary only. Only limited summary data is available for this year.	$9.41	$0.00	$9.41	$0.90	$0.38	$0.52
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$13.4	$0.00	$13.4	$0.12	$0.85	$0.72
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$14.1	$0.00	$14.1	$0.03	$1.89	$1.86
2014Summary only. Only limited summary data is available for this year.	$15.3	$0.00	$15.3	$0.98	$1.51	$0.54
2013Summary only. Only limited summary data is available for this year.	$17.3	$0.01	$17.3	$3.39	$1.72	$1.66
2012Summary only. Only limited summary data is available for this year.	$14.2	$1.23	$12.9	$0.04	$2.10	$2.06
2011Summary only. Only limited summary data is available for this year.	$19.1	$4.25	$14.8	$0.09	$2.15	$2.24
2010Summary only. Only limited summary data is available for this year.	$17.1	$0.00	$17.1	$0.67	$2.07	$2.74

Latest Detailed Filing

The latest 2020 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2019 below.

Jump To

Filing Snapshot

Filing Period: Jan 1, 2019 to Dec 31, 2019
Signed: Jul 23, 2021
Return Version: 2019v5.2

Mission and Program Overview

Mission

The turkish cultural foundation mission is to support the preservation and promotion of turkish culture and heritage worldwide, through original programs and cooperation with like minded organizations. The foundation's main mission is to build cultural bridges between the united states and turkey, increase knowledge on turkish cultural heritage and its contributions to world culture and humanity. In support of promoting turkish art and culture in the united states and around the world, the turkish cultural foundation underwrites major cultural and arts events related to turkish culture, including festivals, exhibitions, workshops and lectures. Over the years, the foundation has grown into the largest private grant-maker for projects related to turkish culture. Supporting people to people cultural exchanges between the united states and turkey, the turkish cultural foundation organizes teachers study tours, cultural tours and provides visiting fellowships to turkish artists and museum s

Compensation and Service Providers

Top Officer Pay82nd percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
YALCIN AYASLI	Trustee	FT	$274,200	-	$274,200
DR SERPIL AYASLI	Trustee	PT	$0	-	-

Filing and Contact Details

Filer

Filer Name: Turkish Cultural Foundation
EIN: 04-3484459
In Care Of: % THE ORGANIZATION
Phone: 2023701399
Address: 48 JONAS BROWN CIRCLE, CONCORD, MA 01742

Signing Officer

Name: Yalcin Ayasli
Title: Trustee
Phone: 2023701399
Signed: 2021-07-23

Preparer

Firm: SE McMASTER & ASSOCIATES PLLC
Address: 1825 K STREET NW STE 705, WASHINGTON, DC 20006
Preparer: S E McMaster CPA
Phone: 2022235001

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd	0	false
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt	0	WWW.TURKISHCULTURALFOUNDATION.ORG
IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt	0	TCF CONTINUED TO RESEARCH, DOCUMENT, PRESERVE, AND PROMOTE TURKEY'S HERITAGE THROUGH THE WORK OF PRESERVATION, CUTURAL LECTURES SERIES AND VIRTUAL GALLERY.
IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses1Amt	0	480036
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd	0	X
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd	0	false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt	0	388058
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt	0	388058
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt	0	2305264
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt	0	2397242
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt	0	91978
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt	0	2305264
IRS990PF/UndistributedIncomeGrp/PriorYear1Yr	0	2017
IRS990PF/UndistributedIncomeGrp/PriorYear2Yr	0	2016
IRS990PF/UndistributedIncomeGrp/PriorYear3Yr	0	2015
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt	0	480036
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt	0	91978
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt	0	2397242
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt	0	2305264
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt	0	0
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc	0	OTHER ASSETS
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc	1	ACCRUED INTEREST
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	0	OFFICE EXPENSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	1	INSURANCE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	2	BANK FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	3	FEDERAL TAXES AND PENALTIES
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	0	13967
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	1	17866
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	0	731
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	1	8326
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	0	13967
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	1	17866
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	2	731
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	3	8326
OtherIncomeSchedule2/OtherIncomeDetail/Desc	0	limited partnership income
OtherIncomeSchedule2/OtherIncomeDetail/Desc	1	reimbursements
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt	0	-367415
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	0	-367415
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	1	6215
OtherIncreasesSchedule/OtherIncreasesDetail/Amt	0	142672
OtherIncreasesSchedule/OtherIncreasesDetail/Desc	0	UNREALIZED GAIN ON INVESTMENTS
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt	0	5185
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt	0	MANAGEMENT FEES
ReturnHeader/BuildTS	0	2022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	YALCIN AYASLI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	2023701399
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2021-07-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	TURKISH CULTURAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt	0	TURK
ReturnHeader/Filer/EIN	0	043484459
ReturnHeader/Filer/InCareOfNm	0	% THE ORGANIZATION
ReturnHeader/Filer/PhoneNum	0	2023701399
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	48 JONAS BROWN CIRCLE
ReturnHeader/Filer/USAddress/CityNm	0	CONCORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	MA
ReturnHeader/Filer/USAddress/ZIPCd	0	01742
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	SE McMASTER & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	1825 K STREET NW STE 705
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	WASHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	DC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	20006
ReturnHeader/PreparerPersonGrp/PhoneNum	0	2022235001
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	S E McMaster CPA
ReturnHeader/ReturnTs	0	2021-11-15T22:36:58-06:00
ReturnHeader/ReturnTypeCd	0	990PF
ReturnHeader/TaxPeriodBeginDt	0	2019-01-01
ReturnHeader/TaxPeriodEndDt	0	2019-12-31
ReturnHeader/TaxYr	0	2019