2024-11-15T13:50:30-06:00 2023-12-31 611495162 MAI CAPITAL MANAGEMENT LLC 6050 OAK TREE BLVD SUITE 500 INDEPENDENCE OH 44131 990 2023-01-01 341847687 TURN 2 FOUNDATION INC TURN 2169204800 6050 OAK TREE BLVD SUITE 500 INDEPENDENCE OH 44131 SHARLEE JETER PRESIDENT 2169204800 2024-11-15 1 0 KIM M WILSON P00051718 2169204800 2023 2024-10-15 13:58:12Z SHARLEE JETER C/O MAI 6050 OAK TREE BLVD SUITE 500 INDEPENDENCE OH 44131 7986753 0 X TURN2FOUNDATION.ORG X 1996 FL TO CREATE AND SUPPORT SIGNATURE PROGRAMS AND ACTIVITIES THAT MOTIVATE YOUNG PEOPLE TO TURN AWAY FROM DRUGS AND ALCOHOL AND "TURN 2" HEALTHY LIFESTYLES. THROUGH THESE VENTURES, THE FOUNDATION STRIVES TO CREATE OUTLETS TO PROMOTE & REWARD ACADEMIC EXCELLENCE, LEADERSHIP DEVELOPMENT & POSITIVE BEHAVIOR. 8 3 8 40 0 0 2294545 3563455 0 0 49829 973660 -550880 -380911 1793494 4156204 2762700 444180 0 0 823813 780112 0 0 83909 646791 1404913 4233304 2629205 -2439810 1526999 5569855 1531742 5244589 319797 325266 1211945 X SEE SCHEDULE O 0 0 444180 444180 SPONSOR GRANTS AND SCHOLARSHIPS FOR PROGRAMS THAT ENCOURAGE AND SUPPORT STUDENTS WHO ACHIEVE ACADEMICALLY, DISPLAY POSITIVE BEHAVIOR, LEAD HEALTHY LIFESTYLES, AND PARTICIPATE IN COMMUNITY ACTIVITIES. 341534 SPONSOR JETER'S LEADERS LEADERSHIP SUMMIT HELD IN ATLANTA GA THAT RECOGNIZES STUDENTS FOR THEIR ACADEMIC ACHIEVEMENT, EXTRACURRICULAR ACTIVITIES, & COMMUNITY SERVICE 206408 SPONSOR JETER'S LEADERS PROGRAMS IN THE NEW YORK CITY AREA AND KALAMAZOO AREA THAT RECOGNIZE STUDENTS FOR THEIR ACADEMIC ACHIEVEMENT, EXTRACURRICULAR ACTIVITIES, & COMMUNITY SERVICE 899024 OTHER CHARITABLE PROGRAMS 899024 1891146 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 31 0 1 8 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 8 3 1 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 FL MI NJ NY OH X KIM WILSON 2169204800 6050 OAK TREE BLVD SUITE 500 INDEPENDENCE OH 44131 DEREK S JETER CHAIRMAN, DIRECTOR 1.00 X X 0 0 0 SANDERSON CHARLES JETER VICE CHAIRMAN, DIRECTOR 1.00 X X 0 0 0 DOROTHY JETER TREASURER, DIRECTOR 1.00 X X 0 0 0 SHARLEE JETER PRESIDENT/SECRETARY, DIREC 20.00 X X 0 0 0 NNEKA FRYE DIRECTOR 1.00 X 0 0 0 GERALD WILLIAMS DIRECTOR 1.00 X 0 0 0 HANNAH JETER DIRECTOR 1.00 X 0 0 0 FRANLI GUZMAN VICE PRESIDENT 40.00 X 110206 0 0 110206 0 0 1 0 0 0 0 330860 3232595 499204 3563455 84680 84680 3360665 15611 2487296 0 873369 15611 888980 888980 385155 330860 1343253 -958098 -958098 MISCELLANEOUS INCOME 900099 577187 577187 577187 4156204 888980 0 -296231 X 444180 444180 110206 98083 12123 400961 356855 24058 20048 14238 12672 854 712 206152 183475 12369 10308 48555 43214 2913 2428 488670 746 487924 1931 1931 68825 51619 17206 104399 92915 6264 5220 373129 332085 22388 18656 3924 3924 18855 18855 MISCELLANEOUS 117188 27361 63290 26537 STIPENDS 90875 90875 MEALS & BEVERAGES 48851 48851 EVENT COORDINATOR 18649 18649 69617 68780 837 2629205 1891146 654150 83909 135 187 2046656 430381 358592 482960 22351 50559 13398 13959 203883 191276 13031 12607 3120419 502013 17624 16725 5569855 1531742 8889 66122 5235700 253675 5244589 319797 X 325266 1211945 325266 1211945 5569855 1531742 1526999 -640321 0 X 0 1 X 0 0 X 2024579 951554 3778333 2294544 3563455 12612465 2024579 951554 3778333 2294544 3563455 12612465 5241117 7371348 95410 70943 49750 56245 84681 357029 516 35 2532 132 577187 580402 13549896 0.54400 0.49730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10288 7493 2795 80541 70729 9812 113054 113054 0 12607 X 4859136 -640321 -640321 5499457 -1343253 -1343253 4156204 3972457 1343253 1343253 2629204 0 2629204 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN CERTAIN TAX POSITIONS THAT MORE-LIKELY-THAN-NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY APPLICABLE TAXING AUTHORITIES. THE FOUNDATION WOULD RECOGNIZE INTEREST AND PENALTIES ACCRUED, IF ANY, RELATED TO UNRECOGNIZED TAX UNCERTAINTIES IN INCOME TAX EXPENSE. MANAGEMENT HAS ANALYZED TAX POSITIONS TAKEN AND HAS CONCLUDED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART XI, LINE 4B: SPECIAL EVENT EXPENSES........................................($1,343,253) SCHEDULE D, PAT XII, LINE 2D: SPECIAL EVENT EXPENSES..........................................$1,343,253 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 FUNDRAISING, GRANTS 50000 0 0 0 0 0 0 50000 0 50000 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, GENERAL SUPPORT 50000 0 1 0 0 0 0 0 0 INVITATIONAL GOLF OUTING 691410 325510 365900 18355 176097 367328 750573 HOLIDAY EVENT 24605 5350 19255 651 2062 2 28187 716015 330860 385155 18355 176748 367328 780822 1343253 -958098 0 ONE HUNDRED BLACK MEN INC 2601 FREDERICK DOUGLASS BLVD NEW YORK NY 10030 237379940 501 (C) (3) 25000 0 GENERAL SUPPORT NEW YORK PRESBYTERIAN HOSPITAL 622 WEST 168 STREET NEW YORK NY 10032 133957095 501 (C) (3) 75000 0 GENERAL SUPPORT PHOENIX HOUSE 5501 WEST WATERS ROAD TAMPA FL 33634 651159661 100000 0 GENERAL SUPPORT AJ25 FOUNDATION 516 FLYINGBOLT RUN ATLANTA GA 30115 832702302 501 (C) (3) 20000 0 GENERAL SUPPORT PITCCH IN FOUNDATION PO BOX 38 ALPINE NJ 07620 272988945 501 (C) (3) 35000 0 GENERAL SUPPORT THE SEED AT CAMP NETIMUS 288 NELSON RD SUGAR RUN PA 18846 262094488 25000 0 GENERAL SUPPORT COMMUNITY LEAGUE OF THE HEIGHTS 500 WEST 159TH STREET NEW YORK NY 10032 132564241 501 (C) (3) 0 15611 FMV FURNITURE GENERAL SUPPORT CAL RIPKEN SR FOUNDATION 1427 CLARKVIEW ROAD SUITE 100 BALTIMORE MD 21209 522310500 501 (C) (3) 4819825 0 KALAMAZOO CENTRAL HIGH SCHOOL FIELD RENOVATIONS 6 2 PART I, LINE 2 THE ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES INCLUDE: EXECUTIVE COUNCIL MEETINGS, FORMAL SITE VISITS, INFORMAL SITE VISITS, WEEKLY/QUARTERLY/ANNUAL REPORTS, DAILY/WEEKLY COMMUNICATION, BIANNUAL SURVEYS, PROGRAM SUMMARIES, DIRECTOR'S MEETINGS, PERIODIC UPDATES, ANNUAL EVALUATIONS, ANNUAL SCHOLAR REPORTS, AND ANNUAL REVIEW OF CRITERIA FOR SCHOLARSHIPS. X 1 499204 STOCK QUOTE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 NAME OF OFFICER, DIRECTOR, ETC: DEREK S. JETER NAME OF RELATED PARTIES: SANDERSON C. JETER, DOROTHY JETER, SHARLEE JETER, AND HANNAH JETER TITLE OR ROLE OF RELATED PARTY: VICE CHAIRMAN, TREASURER, PRESIDENT/SECRETARY, AND DIRECTOR RELATIONSHIP: FAMILY RELATIONSHIP NAME OF OFFICER, DIRECTOR, ETC: SANDERSON C. JETER NAME OF RELATED PARTY: DEREK S. JETER, DOROTHY JETER, SHARLEE JETER, AND HANNAH JETER TITLE OR ROLE OF RELATED PARTY: CHAIRMAN, TREASURER, PRESIDENT/SECRETARY, AND DIRECTOR RELATIONSHIP: FAMILY RELATIONSHIP NAME OF OFFICER, DIRECTOR, ETC: DOROTHY JETER NAME OF RELATED PARTY: DEREK S. JETER, SANDERSON C. JETER, SHARLEE JETER, AND HANNAH JETER TITLE OR ROLE OF RELATED PARTY: CHAIRMAN, VICE CHAIRMAN, PRESIDENT/SECRETARY,AND DIRECTOR RELATIONSHIP: FAMILY RELATIONSHIP NAME OF OFFICER, DIRECTOR, ETC: SHARLEE JETER NAME OF RELATED PARTY: DEREK S. JETER, SANDERSON C. JETER, DOROTHY JETER, AND HANNAH JETER TITLE OR ROLE OF RELATED PARTY: CHAIRMAN, VICE CHAIRMAN,TREASURER, AND DIRECTOR RELATIONSHIP: FAMILY RELATIONSHIP NAME OF OFFICER, DIRECTOR, ETC: DEREK S. JETER, SANDERSON C. JETER, DOROTHY JETER, AND SHARLEE JETER TITLE OR ROLE OF RELATED PARTY: CHAIRMAN, VICE CHAIRMAN, PRESIDENT/SECRETARY,AND TREASURER RELATIONSHIP: FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 5 DURING THE 2023 TAX YEAR, THE FOUNDATION BECAME AWARE OF A THEFT OF FOUNDATION PROPERTY BY A FOUNDATION OFFICER/EMPLOYEE. THIS INDIVIDUAL IS NOT A "DISQUALIFIED PERSON" WITHIN THE MEANING OF THE IRC. THE STOLEN PROPERTY CONSISTED OF SPORTS MEMORABILIA WORTH APPROXIMATELY $385,000 IF PROPERLY SOLD ON THE MARKET; HOWEVER, THE FOUNDATION ACQUIRED THE MEMORABILIA FOR FAR LESS, AS THE BULK OF ITS VALUE WAS CREATED BY THE CHAIRMAN OF THE FOUNDATION ADDING HIS SIGNATURE TO THE MEMORABILIA ITEMS. THE FOUNDATION OFFICER/EMPLOYEE WAS TERMINIATED PROMPTLY UPON DISCOVERY OF THE THEFT, ON DECEMBER 21, 2023. ALSO PROMPTLY UPON LEARNING OF THE THEFT THE FOUNDATION ENGAGED OUTSIDE COUNSEL TO CONDUCT AN INVESTIGATION INTO THE CIRCUMSTANCES OF THE THEFT, LEADING TO A REPORT FROM OUTSIDE COUNSEL TO THE BOARD OF THE FOUNDATION AND PRESENTATION BY OUTSIDE COUNSEL TO THE NEW YORK STATE ATTORNEY GENERAL ABOUT THE THEFT. THE FOUNDATION HAS IMPLEMENTED A NUMBER OF CORRECTIVE ACTIONS IN RESPONSE TO THE THEFT, INCLUDING CHANGING GOVERNANCE POLICIES AND INTERNAL PROCEDURES. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A CHARITABLE CORPORATION ORGANIZED UNDER THE NON-PROFIT CORPORATION LAWS OF FLORIDA. THE MEMBERS OF THE CORPORATION CONSIST OF THE INITIAL MEMBERS DESIGNATED IN THE ARTICLES OF INCORPORATION, IN ADDITION TO SHARLEE JETER. THE NUMBER OF DIRECTORS SHALL BE NOT LESS THAN THREE (3) NOR MORE THAN FIVE (5). THE CHAIRMAN MAY DESIGNATE ADDITIONAL MEMBERS, WITH APPROVAL BY THE BOARD OF DIRECTORS, BY AN INSTRUMENT IN WRITING DELIVERED TO THE SECRETARY OF THE CORPORATION. THE RESOURCE COUNCIL SHALL BE APPOINTED BY THE MEMBERS OF THE CORPORATION. ANY OFFICER MAY BE REMOVED FROM OFFICE WITH OR WITHOUT CAUSE. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION IS A CHARITABLE CORPORATION ORGANIZED UNDER THE NON-PROFIT CORPORATION LAWS OF FLORIDA. THE MEMBERS OF THE CORPORATION CONSIST OF THE INITIAL MEMBERS DESIGNATED IN THE ARTICLES OF INCORPORATION, IN ADDITION TO SHARLEE JETER. THE NUMBER OF DIRECTORS SHALL BE NOT LESS THAN THREE (3) NOR MORE THAN FIVE (5). THE CHAIRMAN MAY DESIGNATE ADDITIONAL MEMBERS, WITH APPROVAL BY THE BOARD OF DIRECTORS, BY AN INSTRUMENT IN WRITING DELIVERED TO THE SECRETARY OF THE CORPORATION. THE RESOURCE COUNCIL SHALL BE APPOINTED BY THE MEMBERS OF THE CORPORATION. ANY OFFICER MAY BE REMOVED FROM OFFICE WITH OR WITHOUT CAUSE. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION IS A CHARITABLE CORPORATION ORGANIZED UNDER THE NON-PROFIT CORPORATION LAWS OF FLORIDA. THE MEMBERS OF THE CORPORATION CONSIST OF THE INITIAL MEMBERS DESIGNATED IN THE ARTICLES OF INCORPORATION, IN ADDITION TO SHARLEE JETER. THE NUMBER OF DIRECTORS SHALL BE NOT LESS THAN THREE (3) NOR MORE THAN FIVE (5). THE CHAIRMAN MAY DESIGNATE ADDITIONAL MEMBERS, WITH APPROVAL BY THE BOARD OF DIRECTORS, BY AN INSTRUMENT IN WRITING DELIVERED TO THE SECRETARY OF THE CORPORATION. THE RESOURCE COUNCIL SHALL BE APPOINTED BY THE MEMBERS OF THE CORPORATION. ANY OFFICER MAY BE REMOVED FROM OFFICE WITH OR WITHOUT CAUSE. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED FOR REVIEW TO EACH MEMBER OF THE ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION REVIEWS ITS CONFLICT OF INTEREST POLICY ANNUALLY, AND EACH BOARD MEMBER IS REQUIRED TO SIGN OFF ON THE POLICY. DURING EACH YEAR, EMPLOYEES MUST STAY ACCOUNTABLE FOR ANY TRANSACTIONS OR RELATIONSHIPS THAT MAY GIVE RISE TO A CONFLICT. IF EITHER ITEM ARISES, THE EMPLOYEE INVOLVED MUST IMMEDIATELY REPORT IT TO A SUPERVISOR OR HUMAN RESOURCES, OR THEY MAY BE SUBJECT TO DISMISSAL. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION PROVIDES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST TO THE FOUNDATION, AND THROUGH GUIDESTAR.ORG. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 746. MANAGEMENT AND GENERAL EXPENSES 487,924. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 488,670. PART III, LINE 4D: OTHER PROGRAM SERVICES OTHER PROGRAM SERVICES INCLUDE: NEW YORK AFTER SCHOOL PROGRAM, DEREK JETER CENTER AT PHOENIX HOUSE, TURN 2 US PROGRAM, BOYS & GIRLS CLUB OF GREATER KALAMAZOO, DEREK JETER/HILLSBOROUGH EDUCATION FOUNDATION SCHOLARSHIP, DEREK JETER/KALAMAZOO COMMUNITY FOUNDATION SCHOLARSHIP, UNCF - SHARLEE JETER SCHOLARSHIP, AND JETER'S LEADERS ALUMNI GRANT.