Civic Intelligence

Turkish Educational Foundation

EIN 23-7050060 • 501(c)3 • Mountain View, CA

Profile

The Turkish Educational Foundation runs a scholarship program for poor students attending middle schools and high schools in Turkey to improve access to education.

PO Box 391165Mountain View, CA 94039-1165

www.tef-usa.org

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

33rd percentile

-2.4%

Higher net margin than 33% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

30th percentile

-2.7%

Faster asset growth than 30% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

28th percentile

-5.4%

Faster revenue growth than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets19th percentile

Assets

Down

$1,061,866

Down $29,419 (-2.7%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Down

$1,061,866

Down $29,419 (-2.7%) from 2024

Operations
Liabilities / Revenue20th percentileNet Margin33rd percentile

Revenue

Down

$615,090

Down $35,446 (-5.4%) from 2024

Expenses

Up

$629,618

Up $209,238 (+50%) from 2024

Net Income

Down

-$14,528

Down $244,684 (-106%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth30th percentile

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

$1.5M$1.0M$500K$0Assets 2012: $493,538Liabilities 2012: $0Net Assets 2012: $493,5382012Assets 2013: $585,790Liabilities 2013: $0Net Assets 2013: $585,7902013Assets 2014: $574,279Liabilities 2014: $0Net Assets 2014: $574,2792014Assets 2015: $588,113Liabilities 2015: $0Net Assets 2015: $588,1132015Assets 2021: $917,351Liabilities 2021: $0Net Assets 2021: $917,3512021Assets 2022: $970,355Liabilities 2022: $0Net Assets 2022: $970,3552022Assets 2023: $861,129Liabilities 2023: $0Net Assets 2023: $861,1292023Assets 2024: $1,091,285Liabilities 2024: $0Net Assets 2024: $1,091,2852024Assets 2025: $1,061,866Liabilities 2025: $0Net Assets 2025: $1,061,8662025

Highlighted filing

2025

Assets$1,061,866
Liabilities$0
Net Assets$1,061,866
Open 2025 Filing

Operations Trend

Revenue Growth28th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2012: $199,005Expenses 2012: $108,869Net Income 2012: $90,1362012Expenses 2013: $197,4812013Revenue 2014: $162,317Expenses 2014: $189,637Net Income 2014: -$27,3202014Revenue 2015: $203,257Expenses 2015: $189,423Net Income 2015: $13,8342015Revenue 2021: $647,587Expenses 2021: $391,420Net Income 2021: $256,1672021Revenue 2022: $339,918Expenses 2022: $286,914Net Income 2022: $53,0042022Revenue 2023: $440,382Expenses 2023: $549,608Net Income 2023: -$109,2262023Revenue 2024: $650,536Expenses 2024: $420,380Net Income 2024: $230,1562024Revenue 2025: $615,090Expenses 2025: $629,618Net Income 2025: -$14,5282025

Highlighted filing

2025

Revenue$615,090
Expenses$629,618
Net Income-$14,528
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,061,866
Liabilities
$0
Net assets
$1,061,866
Revenue
$615,090
Expenses
$629,618
Net income
-$14,528
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.62$0.63$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$0.65$0.42$0.23
2023Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$0.44$0.55$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.34$0.29$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$0.65$0.39$0.26
2015Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.59$0.20$0.19$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$0.16$0.19$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.00$0.59$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.00$0.49$0.20$0.11$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2024 to May 31, 2025
Signed
Oct 13, 2025
Return Version
2024v5.1
Gross Receipts
$690,036
Mission and Program Overview

Mission

The Turkish Educational Foundation runs a scholarship program for poor students attending middle schools and high schools in Turkey to improve access to education.

Our mission is to improve access to education in Turkey. Towards this goal TEF offers scholarship programs for students from low income families with particular emphasis on the education of female students in rural areas as well as in poor districts of mega cities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,091,285$1,061,867▼ $29,418
Investments in Publicly Traded Securities$798,902$927,209▲ $128,307
Savings and Temporary Cash Investments$292,383$134,657▼ $157,726
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,091,285$1,061,866▼ $29,419
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,091,285$1,061,867▼ $29,418
Total Liabilities and Net Assets / Fund Balance$1,091,285$1,061,867▼ $29,418
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Duygu DemirliogluPresident
Melek Pelen EsinVice President
Can MutganTrustee
Dilek ZafarTrustee
Goksin ErdoganTrustee
Sezer SezginTrustee
Kutay UstunerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$509,696
Program Service Revenue
$0
Investment Income
$96,445
Other Revenue
$8,949
All Other Contributions
$500,135
Change in Net Assets
$-14,528

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$100,522Fair market value of the stock on the date of donation.
Total Noncash Contributions1$100,522-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$627,486
Other Expenses$2,132
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$627,486--$627,486
Information Technology$0$0$0$1,082
Office Expenses$0$0$0$749
Fees for Services Accounting$0$0$0$201
Total Functional Expenses$627,486$0$0$629,618
International Activity

International Summary

Offices
0
Employees
0
Spending
$627,486

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Middle East and North AfricaGrants to recipientsscholarship to students00$627,486
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$15,654
Fundraising Direct Expenses$6,705
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Concert$15,654$15,654$0$15,654
Event 2$0$0$0$0
Total Events$15,654$15,654$6,704$8,950
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 6

“TEF is formed as a corporation under section 501c3 as a charitable educational organization with no stock holders. The donors elect the Board of Trustees via annual elections.”

Part VI, Line 7A

“All donors who have donated $30 or more during a fiscal year are eligible to vote at the Board of Trustees elections at the end of the financial year. The term of a trustee is two years with no term limits. There are no stock holders.”

Part VI, Line 11A

“A PDF version of the form is shared with the Board for review prior to filing.”

Part VI, Line 19

“990 tax forms are published in web site.”

Filing and Contact Details

Filer

Filer Name
Turkish Educational Foundation
EIN
23-7050060
Phone
6504506781
Address
PO BOX 391165, MOUNTAIN VIEW, CA 94039-1165

Signing Officer

Name
Kutay
Title
Ustuner
Phone
6504506781
Signed
2025-10-13

Organization Details

Principal Officer
Kutay Ustuner
Formed
1970
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
15
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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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