Civic Intelligence

Turning Point Endowment Inc.

990 • Fiscal year 2020 • EIN 82-1225311

Jul 01, 2019 to Jun 30, 2020 • Filed on May 12, 2021

4940 E Beverly RdPhoenix, AZ 85044

(844) 872-1776

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

5th percentile

0.00x

Higher debt load relative to revenue than 5% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

99th percentile

99%

Higher net margin than 99% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

82nd percentile

$329,727

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

98th percentile

228%

Faster asset growth than 98% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

95th percentile

137%

Faster revenue growth than 95% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$23,516,605

Up $16,337,457 (+228%) from 2019

Net Assets

Up

$23,516,505

Up $16,337,357 (+228%) from 2019

Liabilities

Up

$100

Up $100 from 2019

Revenue

Up

$16,576,350

Up $9,569,923 (+137%) from 2019

Expenses

Down

$106,452

Down $1,556,669 (-94%) from 2019

Net Income

Up

$16,469,898

Up $11,126,592 (+208%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2017: $1,825,019Liabilities 2017: $0Net Assets 2017: $1,825,0192017Assets 2018: $1,782,707Liabilities 2018: $0Net Assets 2018: $1,782,7072018Assets 2019: $7,179,148Liabilities 2019: $0Net Assets 2019: $7,179,1482019Assets 2020: $23,516,605Liabilities 2020: $100Net Assets 2020: $23,516,5052020Assets 2021: $48,133,288Liabilities 2021: $0Net Assets 2021: $48,133,2882021Assets 2022: $55,992,781Liabilities 2022: $61,974Net Assets 2022: $55,930,8072022Assets 2024: $69,742,379Liabilities 2024: $56,960Net Assets 2024: $69,685,4192024

Highlighted filing

2020

Assets$23,516,605
Liabilities$100
Net Assets$23,516,505

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0Revenue 2017: $1,825,040Expenses 2017: $21Net Income 2017: $1,825,0192017Revenue 2018: $14,858Expenses 2018: $4,033Net Income 2018: $10,8252018Revenue 2019: $7,006,427Expenses 2019: $1,663,121Net Income 2019: $5,343,3062019Revenue 2020: $16,576,350Expenses 2020: $106,452Net Income 2020: $16,469,8982020Revenue 2021: $19,493,649Expenses 2021: $276,819Net Income 2021: $19,216,8302021Revenue 2022: $12,624,532Expenses 2022: $398,791Net Income 2022: $12,225,7412022Revenue 2024: $3,459,607Expenses 2024: $1,646,928Net Income 2024: $1,812,6792024

Highlighted filing

2020

Revenue$16,576,350
Expenses$106,452
Net Income$16,469,898
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 12, 2021
Return Version
2019v5.2
Gross Receipts
$17,288,258
Mission and Program Overview

Mission

Turning Point Endowment (the Organization) is a non-profit organization. The Organizations mission is to support and benefit Turning Point USA NFPs charitable purposes and long-term vitality.

Turning point endowment is a supporting organization to turning point usa. The organization's mission is to support and benefit turning point usa's charitable purposes and long-term vitality.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$15,042,161-
Cash and Non-Interest-Bearing Accounts$5,425,684$5,085,568▼ $340,116
Land, Buildings, and Equipment, Net$1,639,117$3,388,865▲ $1,749,748
Savings and Temporary Cash Investments$114,347--
Total Assets$7,179,148$23,516,605▲ $16,337,457
Other Assets Total$0$11▲ $11
Liabilities
Accounts Payable and Accrued Expenses-$100-
Total Liabilities$0$100▲ $100
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,179,148$23,516,505▲ $16,337,357
Total Net Assets Fund Balance$7,179,148$23,516,505▲ $16,337,357
Total Liabilities and Net Assets / Fund Balance$7,179,148$23,516,605▲ $16,337,457

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,041,145$44,258$3,085,403
Land$347,720-$347,720
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charles KirkPresident
Jim HoldenDirector
Peter TheronDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$16,789,257
Program Service Revenue
$0
Investment Income
$-212,907
Other Revenue
$0
Change in Net Assets
$16,469,898

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$1,789,257Fair Market Value (FMV)
Total Noncash Contributions1$1,789,257-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$106,452
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$39,509--$39,509
Occupancy$39,104--$39,104
Fees for Service Investment Mgmnt Fees-$26,737-$26,737
Fees for Services Legal-$1,002-$1,002
Other Expenses-$100-$100
Total Functional Expenses$78,613$27,839$0$106,452
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
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The finance committee reviews the 990 forms.

Form 990, Part VI, Section B, Line 12C

On an annual basis, board members and key staff, are required to complete a conflict of interest form. The intent of completing this form is to disclose any interests that could pose a potential conflict. Any potential conflicts that are identified are reviewed by the board's governance committee - with relevant members recusing themselves on matters that directly affect them. Signed forms are maintained in the individual board member's file. Management staff are also required to complete these forms and are secured in a separate file.

Form 990, Part VI, Section B, Line 15

The organization does not have any employees. The president listed in form 990, part vii is paid by the supported organization, turning point usa. Compensation for this individual is determined by turning point usa which is done through the use of a compensation committee, comparisons to forms 990 of other organizations, compensation surveys, and is subject to board approval.

Form 990, Part VI, Section C, Line 19

Governing documents, confilict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Turning Point Endowment Inc
EIN
82-1225311
Phone
8448721776
Address
4940 E BEVERLY RD, PHOENIX, AZ 85044

Signing Officer

Name
Jim Holden
Title
Secretary/treasurer
Phone
8448721776
Signed
2021-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Kirk
Formed
2017
Legal Domicile
In
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
4

Preparer

Firm
Henry & Horne Llp
Address
2055 E WARNER ROAD SUITE 101, TEMPE, AZ 85284
Preparer
Colette Kamps CPA
Phone
4808394900
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES. THE PRESIDENT LISTED IN FORM 990, PART VII IS PAID BY THE SUPPORTED ORGANIZATION, TURNING POINT USA. COMPENSATION FOR THIS INDIVIDUAL IS DETERMINED BY TURNING POINT USA WHICH IS DONE THROUGH THE USE OF A COMPENSATION COMMITTEE, COMPARISONS TO FORMS 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEYS, AND IS SUBJECT TO BOARD APPROVAL.
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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE NUMBER IN PART I, COLUMN B REPRESENTS THE NUMBER OF INDIVIDUAL CONTRIBUTIONS.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FINANCE COMMITTEE REVIEWS THE 990 FORMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ON AN ANNUAL BASIS, BOARD MEMBERS AND KEY STAFF, ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM. THE INTENT OF COMPLETING THIS FORM IS TO DISCLOSE ANY INTERESTS THAT COULD POSE A POTENTIAL CONFLICT. ANY POTENTIAL CONFLICTS THAT ARE IDENTIFIED ARE REVIEWED BY THE BOARD'S GOVERNANCE COMMITTEE - WITH RELEVANT MEMBERS RECUSING THEMSELVES ON MATTERS THAT DIRECTLY AFFECT THEM. SIGNED FORMS ARE MAINTAINED IN THE INDIVIDUAL BOARD MEMBER'S FILE. MANAGEMENT STAFF ARE ALSO REQUIRED TO COMPLETE THESE FORMS AND ARE SECURED IN A SEPARATE FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES. THE PRESIDENT LISTED IN FORM 990, PART VII IS PAID BY THE SUPPORTED ORGANIZATION, TURNING POINT USA. COMPENSATION FOR THIS INDIVIDUAL IS DETERMINED BY TURNING POINT USA WHICH IS DONE THROUGH THE USE OF A COMPENSATION COMMITTEE, COMPARISONS TO FORMS 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEYS, AND IS SUBJECT TO BOARD APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFILICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0TURNING POINT USA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1TURNING POINT ACTION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2AMERICA'S TURNING POINT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0800835023
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1464331510
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2814294120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(4)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION OF STUDENTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1EDUCATION OF STUDENTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2EDUCATION OF STUDENTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1501(C)(4)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04940 E BEVERLY RD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1756 N MAIN ST C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2756 N MAIN ST C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PHOENIX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1CROWN POINT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2CROWN POINT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0AZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd085044
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd146307
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd246307
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt016789257
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV/CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0TURNING POINT USA
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07179148
IRS990/TotalAssetsEOYAmt023516605
IRS990/TotalAssetsGrp/BOYAmt07179148
IRS990/TotalAssetsGrp/EOYAmt023516605
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt016789257
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027839
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt078613
IRS990/TotalFunctionalExpensesGrp/TotalAmt0106452
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0100
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0100
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07179148
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt023516505
IRS990/TotalOtherCompensationAmt01854
IRS990/TotalProgramServiceExpensesAmt078613
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-212907
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt016576350
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07179148
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt023516605
IRS990/TotReportableCompRltdOrgAmt0327873
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JIM HOLDEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08448721776
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TURNING POINT ENDOWMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0TURN
ReturnHeader/Filer/EIN0821225311
ReturnHeader/Filer/PhoneNum08448721776
ReturnHeader/Filer/USAddress/AddressLine1Txt04940 E BEVERLY RD
ReturnHeader/Filer/USAddress/CityNm0PHOENIX
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085044

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