Civic Intelligence

Turner Charitable Memorial Trust

EIN 26-6502560 • 501(c)3 • Milwaukee, WI

Profile

The trust is to support or benefit sansum diabetes research institute, santa barbara, california for the primary purpose of medical research and education in the field of diabetes.

PO Box 0634Milwaukee, WI 53201-0634

n/A

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 2024

Liabilities / Revenue

20th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

80th percentile

30%

Higher net margin than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

43rd percentile

$19,480

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

51st percentile

3.7%

Faster asset growth than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

96th percentile

229%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,152,869

Down $13,354 (-1.1%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$1,152,869

Down $13,354 (-1.1%) from 2022

Revenue

Up

$139,239

Up $64,944 (+87%) from 2022

Expenses

Down

$97,933

Down $37,239 (-28%) from 2022

Net Income

Up

$41,306

Up $102,183 (+168%) from 2022

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2019: $1,383,701Liabilities 2019: $0Net Assets 2019: $1,383,7012019Assets 2020: $1,240,771Liabilities 2020: $0Net Assets 2020: $1,240,7712020Assets 2022: $1,166,223Liabilities 2022: $0Net Assets 2022: $1,166,2232022Assets 2024: $1,152,869Liabilities 2024: $0Net Assets 2024: $1,152,8692024

Highlighted filing

2024

Assets$1,152,869
Liabilities$0
Net Assets$1,152,869

Operations Trend

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

$200K$100K$0-$100K-$200KRevenue 2019: $73,773Expenses 2019: $167,180Net Income 2019: -$93,4072019Revenue 2020: $3,964Expenses 2020: $146,818Net Income 2020: -$142,8542020Revenue 2022: $74,295Expenses 2022: $135,172Net Income 2022: -$60,8772022Revenue 2024: $139,239Expenses 2024: $97,933Net Income 2024: $41,3062024

Highlighted filing

2024

Revenue$139,239
Expenses$97,933
Net Income$41,306

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 26, 2025
Return Version
2024v5.1
Gross Receipts
$825,462
Mission and Program Overview

Mission

The trust is to support or benefit sansum diabetes research institute, santa barbara, california for the primary purpose of medical research and education in the field of diabetes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$547,014$1,130,987▲ $583,973
Investments Other Securities$540,255--
Savings and Temporary Cash Investments$23,844$20,500▼ $3,344
Total Assets$1,111,992$1,152,869▲ $40,877
Other Assets Total$879$1,382▲ $503
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,111,992$1,152,869▲ $40,877
Total Net Assets Fund Balance$1,111,992$1,152,869▲ $40,877
Total Liabilities and Net Assets / Fund Balance$1,111,992$1,152,869▲ $40,877
Compensation and Service Providers

Employees

NameTitleBaseTotal
US Bank NaTrustee$19,480$19,480
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$139,239
Other Revenue
$0
Change in Net Assets
$41,306
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$76,977
Salaries, Compensation, and Employee Benefits$19,480
Other Expenses$1,476
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$76,977--$76,977
Current Officers, Directors, Trustees, and Key Employees$1,948$17,532-$19,480
Other Expenses-$1,476-$1,476
Total Functional Expenses$78,925$19,008$0$97,933
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sansum Diabetes Research InstituteSanta Barbara, CA--$76,977
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8A

The trustee attends regular meetings with the supported organization. The trustee's practice includes placing notes from the meeting in the account's file.

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8B

The trustee attends regular meetings with the supported organization.the trustee's practice includes placing notes from the meeting in theaccount's file.

Form 990, Page 6, Part VI, Line 11-description of Process for Review

Draft of 990 is sent to trust officer for review before filing.

Form 990, Page 6, Part VI, Line 19

Governing documents, as included with form 1023 are available to the general public upon request. Conflict of interest policy and financial statements are not available to the public.

Filing and Contact Details

Filer

Filer Name
Turner Charitable Memorial Trust
EIN
26-6502560
Phone
6514668040
Address
PO BOX 0634, MILWAUKEE, WI 53201-0634

Signing Officer

Name
Vice President
Title
Trustee
Phone
6514668040
Signed
2025-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Same as C Above
Formed
2009
Legal Domicile
CA
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Pwc US Tax Llp
Address
301 GRANT STREET 45TH FLOOR, PITTSBURGH, PA 15219
Preparer
Allison J Valenty
Phone
4123556000
Supplemental Narrative

Additional Explanations

No Backup Withholding Was Required for Any Payments to Vendors

The organization is not involved with any gaming activities.

No Contributions of Cars, Boats, Planes or Other Vehicles Were

Received by the organization. No reporting forms required.

PAGE 12, PART II, LINE 3B

This question does not apply

Explanation for Form 990, Part XI, Line 9

Py purchase of accrued interest 13; roc on cy sales (74); py return of capital adjustment (364); rounding (4)

Raw XML Appendix363 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RECEIVED BY THE ORGANIZATION. NO REPORTING FORMS REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THIS QUESTION DOES NOT APPLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TRUSTEE ATTENDS REGULAR MEETINGS WITH THE SUPPORTED ORGANIZATION. THE TRUSTEE'S PRACTICE INCLUDES PLACING NOTES FROM THE MEETING IN THE ACCOUNT'S FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE TRUSTEE ATTENDS REGULAR MEETINGS WITH THE SUPPORTED ORGANIZATION.THE TRUSTEE'S PRACTICE INCLUDES PLACING NOTES FROM THE MEETING IN THEACCOUNT'S FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DRAFT OF 990 IS SENT TO TRUST OFFICER FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS, AS INCLUDED WITH FORM 1023 ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PY PURCHASE OF ACCRUED INTEREST 13; ROC ON CY SALES (74); PY RETURN OF CAPITAL ADJUSTMENT (364); ROUNDING (4)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0NO BACKUP WITHHOLDING WAS REQUIRED FOR ANY PAYMENTS TO VENDORS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1NO CONTRIBUTIONS OF CARS, BOATS, PLANES OR OTHER VEHICLES WERE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PAGE 12, PART II, LINE 3b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7EXPLANATION FOR FORM 990, PART XI, LINE 9
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IRS990/TotalFunctionalExpensesGrp/TotalAmt097933
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01152869
IRS990/TotalOtherCompensationAmt00
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IRS990/TotalReportableCompFromOrgAmt019480
IRS990/TotalRevenueGrp/ExclusionAmt0139239
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0139239
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01111992
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum06514668040
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TURNER CHARITABLE MEMORIAL TRUST
ReturnHeader/Filer/BusinessNameControlTxt0TURN
ReturnHeader/Filer/EIN0266502560
ReturnHeader/Filer/PhoneNum06514668040
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 0634
ReturnHeader/Filer/USAddress/CityNm0MILWAUKEE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd0532010634
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0920460586
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PWC US TAX LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0301 GRANT STREET 45TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PITTSBURGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd015219
ReturnHeader/PreparerPersonGrp/PhoneNum04123556000
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALLISON J VALENTY
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-05-13T09:01:36-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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