Nonprofit · EIN 34-1847687
TURN 2 FOUNDATION INC
Tax-exempt · INDEPENDENCE, OH 44131
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,394,112 | $2,129,600 | -$735,488 | $541,900 | $68,252 | $473,648 |
| December 31, 2023 | 990 | $4,156,204 | $2,629,205 | $1,526,999 | $1,531,742 | $319,797 | $1,211,945 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,311,694
- Program service revenue
- $0
- Investment income
- $16,715
- Net gain from sales of assets
- $4,368
- Net income from fundraising events
- -$942,766
- Other revenue
- -$934,297
Expenses
- Grants and similar amounts paid
- $225,000
- Other salaries and wages
- $393,780
- Salaries, compensation and benefits (total)
- $745,592
- Professional fundraising fees
- $0
- Occupancy
- $97,271
- Travel
- $162,168
- Depreciation
- $4,519
- Program services (functional)
- $1,568,936
- Management and general (functional)
- $508,896
- Fundraising (functional)
- $51,768
Balance sheet and other
- Total assets, start of year
- $1,531,742
- Total assets, end of year
- $541,900
- Total liabilities, end of year
- $68,252
- Net assets, end of year
- $473,648
- Land, buildings and equipment
- $12,394
- Net assets without donor restrictions
- $473,648
- Gross receipts
- $3,440,522
- Employees
- 7
- Volunteers
- 40
- Year formed
- 1996
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEREK S JETER | CHAIRMAN, DIRECTOR Trustee or director, Officer | 1 | $0 |
| SANDERSON CHARLES JETER | VICE CHAIRMAN, DIRECTOR Trustee or director, Officer | 1 | $0 |
| DOROTHY JETER | TREASURER, DIRECTOR Trustee or director, Officer | 1 | $0 |
| SHARLEE JETER | PRESIDENT/SECRETARY, DIREC Trustee or director, Officer | 20 | $0 |
| NNEKA FRYE | DIRECTOR Trustee or director | 1 | $0 |
| HANNAH JETER | DIRECTOR Trustee or director | 1 | $0 |
| KIMBERLY BARR | DIRECTOR Trustee or director | 1 | $0 |
| GEOFF WALKER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANLI GUZMAN | VICE PRESIDENT Officer | 40 | $110,206 |
| DEREK S JETER | CHAIRMAN, DIRECTOR Trustee or director, Officer | 1 | $0 |
| SANDERSON CHARLES JETER | VICE CHAIRMAN, DIRECTOR Trustee or director, Officer | 1 | $0 |
| DOROTHY JETER | TREASURER, DIRECTOR Trustee or director, Officer | 1 | $0 |
| SHARLEE JETER | PRESIDENT/SECRETARY, DIREC Trustee or director, Officer | 20 | $0 |
| NNEKA FRYE | DIRECTOR Trustee or director | 1 | $0 |
| GERALD WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| HANNAH JETER | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 6050 OAK TREE BLVD STE 500, INDEPENDENCE, OH 44131-6951
- In care of
- % KIM WILSON
- Principal officer (990 for 2024)
- SHARLEE JETER, C/O MAI 6050 OAK TREE BLVD SUITE, 500, INDEPENDENCE, OH 44131
- Signed the 990
- SHARLEE JETER, PRESIDENT
- Phone
- (216) 920-4800
- Website
- TURN2FOUNDATION.ORG
- Return prepared by
- MAI CAPITAL MANAGEMENT LLC
Mission
SEE SCHEDULE O
Program accomplishments
- SPONSOR JETER'S LEADERS LEADERSHIP SUMMIT HELD IN WASHINGTON, DC THAT RECOGNIZES STUDENTS FOR THEIR ACADEMIC ACHIEVEMENT, EXTRACURRICULAR ACTIVITIES, & COMMUNITY SERVICEExpenses $269,445
- SPONSOR JETER'S LEADERS PROGRAMS IN THE NEW YORK CITY AREA AND KALAMAZOO AREA THAT RECOGNIZE STUDENTS FOR THEIR ACADEMIC ACHIEVEMENT, EXTRACURRICULAR ACTIVITIES, & COMMUNITY SERVICEExpenses $235,944
- 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.Expenses $225,000 · grants $225,000
- OTHER CHARITABLE PROGRAMSExpenses $838,547
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1847687
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22J)
- Assets (IRS master file)
- $541,900
- Income (IRS master file)
- $3,440,522
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,394,112 | $2,129,600 | $541,900 | IRS |
| 990 | December 2023 | $4,156,204 | $2,629,205 | $1,531,742 | XML |
| 990 | December 2022 | $1,793,494 | $4,233,304 | $5,569,855 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-1847687).
Questions about TURN 2 FOUNDATION INC
- What is the EIN of TURN 2 FOUNDATION INC?
- The employer identification number (EIN) of TURN 2 FOUNDATION INC is 34-1847687.
- Is TURN 2 FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to TURN 2 FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TURN 2 FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TURN 2 FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TURN 2 FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TURN 2 FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names SHARLEE JETER.
- Who are the officers and directors of TURN 2 FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does TURN 2 FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,394,112, expenses of $2,129,600 and total assets of $541,900 at year end.
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