Turkanis Family Foundation
Turkanis Family Foundation shows consistent asset growth and zero officer compensation over a decade.
EIN: 208678978 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is Turkanis Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Turkanis Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Turkanis Family Foundation
Turkanis Family Foundation (EIN: 208678978) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $57K and total assets of $658K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Turkanis Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Turkanis Family Foundation is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $49K |
| Total Expenses | $56K |
| Surplus / Deficit | $-6,332 |
| Total Assets | $685K |
| Total Liabilities | $1 |
| Net Assets | $685K |
| Operating Margin | -12.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 147.2 months |
Financial Health Grade: B
In 2023, Turkanis Family Foundation reported a deficit of $6K with expenses exceeding revenue, holds 147.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Turkanis Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.0% | +3.9% | -0.9% |
| 2022 | -79.9% | +18.2% | +0.6% |
| 2021 | +137.3% | +2.3% | +54.0% |
| 2020 | +1032.6% | +10.0% | +20.6% |
| 2019 | -81.4% | +56.8% | +3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Turkanis Family Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Turkanis Family Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers. This is highly efficient for an organization of its size, ensuring that resources are directed towards its charitable purpose.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Turkanis Family Foundation's IRS 990 filings:
- Significant revenue fluctuations year-to-year, such as $286,421 in 2021 compared to $49,488 in 2023, which could indicate reliance on volatile investment returns or large, infrequent donations.
Strengths
The following positive indicators were identified for Turkanis Family Foundation:
- Consistent asset growth, from $331,249 in 2011 to $684,882 in 2023, demonstrating financial stability.
- Zero officer compensation reported across all filings, indicating high efficiency and dedication of funds to mission.
- Extremely low liabilities (consistently $1), reflecting a very healthy balance sheet.
- Consistent IRS 990 filings over a decade, showing good transparency and compliance.
Frequently Asked Questions about Turkanis Family Foundation
Is Turkanis Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Turkanis Family Foundation (EIN: 208678978) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Turkanis Family Foundation spend its money?
Turkanis Family Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Turkanis Family Foundation tax-deductible?
Turkanis Family Foundation is registered as a tax-exempt nonprofit (EIN: 208678978). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Turkanis Family Foundation a good charity?
Based on the available data, the Turkanis Family Foundation appears to be a well-managed private foundation. It demonstrates strong financial health with growing assets, very low liabilities ($1 consistently), and a highly efficient spending model with 0% officer compensation. Its consistent grantmaking (implied by expenses) and transparent filings suggest it is effectively fulfilling its mission.
How does the foundation manage its expenses?
The foundation manages its expenses very efficiently, primarily by not paying any officer compensation. Its expenses, such as $55,820 in 2023, are likely almost entirely program-related (grants) and minimal administrative costs, given its nature as a private grantmaking foundation.
What is the trend in the foundation's assets?
The foundation's assets have shown a strong upward trend over the past decade, growing from $331,249 in 2011 to $684,882 in 2023, indicating sound financial management and investment growth.
Filing History
IRS 990 filing history for Turkanis Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Turkanis Family Foundation's revenue has grown by 117.1%, moving from $23K to $49K. Total assets increased by 106.8% over the same period, from $331K to $685K. Total functional expenses rose by 70.2%, from $33K to $56K. In its most recent filing year (2023), Turkanis Family Foundation reported a deficit of $6K, with expenses exceeding revenue. The organization holds $1 in liabilities against $685K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $685K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $49K | $56K | $685K | $1 | — | — |
| 2022 | $58K | $54K | $691K | $1 | — | — |
| 2021 | $286K | $45K | $687K | $1 | — | — |
| 2020 | $121K | $44K | $446K | $1 | — | — |
| 2019 | $11K | $40K | $370K | $1 | — | View 990 |
| 2015 | $57K | $26K | $358K | $1 | — | View 990 |
| 2014 | $61K | $36K | $326K | $1 | — | View 990 |
| 2013 | $49K | $34K | $300K | $1 | — | View 990 |
| 2012 | $7K | $53K | $286K | $1 | — | View 990 |
| 2011 | $23K | $33K | $331K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $49K, expenses of $56K, and assets of $685K (revenue -14.0% year-over-year).
- 2022: Revenue of $58K, expenses of $54K, and assets of $691K (revenue -79.9% year-over-year).
- 2021: Revenue of $286K, expenses of $45K, and assets of $687K (revenue +137.3% year-over-year).
- 2020: Revenue of $121K, expenses of $44K, and assets of $446K (revenue +1032.6% year-over-year).
- 2019: Revenue of $11K, expenses of $40K, and assets of $370K (revenue -81.4% year-over-year).
- 2015: Revenue of $57K, expenses of $26K, and assets of $358K (revenue -6.5% year-over-year).
- 2014: Revenue of $61K, expenses of $36K, and assets of $326K (revenue +25.3% year-over-year).
- 2013: Revenue of $49K, expenses of $34K, and assets of $300K (revenue +578.2% year-over-year).
- 2012: Revenue of $7K, expenses of $53K, and assets of $286K (revenue -68.4% year-over-year).
- 2011: Revenue of $23K, expenses of $33K, and assets of $331K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Turkanis Family Foundation:
Data Sources and Methodology
This transparency report for Turkanis Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.