Nonprofit · EIN 47-1421022
TURKEN FOUNDATION INC
Tax-exempt · NEW YORK, NY 10017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 (amended) | $19,646,301 | $3,117,849 | $16,528,452 | $117,368,470 | $40,377,676 | $76,990,794 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $19,629,757
- Program service revenue
- $16,289
- Investment income
- $255
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $174,214
- Accounting fees
- $18,000
- Occupancy
- $37,863
- Travel
- $19,149
- Depreciation
- $92,204
- Program services (functional)
- $2,732,068
- Management and general (functional)
- $385,781
Balance sheet and other
- Total assets, start of year
- $99,212,722
- Total assets, end of year
- $117,368,470
- Total liabilities, end of year
- $40,377,676
- Net assets, end of year
- $76,990,794
- Land, buildings and equipment
- $114,670,242
- Net assets without donor restrictions
- $12,859,727
- Net assets with donor restrictions
- $64,131,067
- Gross unrelated business income
- $16,289
- Gross receipts
- $19,646,301
- Employees
- 0
- Volunteers
- 44
- Year formed
- 2014
- State of legal domicile
- NY
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 June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEHRAM TURAN | CHAIRMAN Trustee or director | 0 | $0 |
| MEMIS YETIM | TREASURER Trustee or director, Institutional trustee | 0 | $0 |
| ESRA ALBAYRAK | DIRECTOR Trustee or director | 0 | $0 |
| OMER FARUK ALBAYRAK | DIRECTOR Trustee or director | 0 | $0 |
| IBRAHIM BACACI | DIRECTOR Trustee or director | 0 | $0 |
| AHMET BAYRAKTUTAR | DIRECTOR Trustee or director | 0 | $0 |
| SELIM CAKIR | DIRECTOR Trustee or director | 0 | $0 |
| MUSTAFA ILBEYLI | DIRECTOR Trustee or director | 0 | $0 |
| ZULKARNEYN VARDAR | DIRECTOR Trustee or director | 0 | $0 |
| MELIKE KABATAS | DIRECTOR Trustee or director | 0 | $0 |
| FEHMI BILGE | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 300 E 41ST ST, NEW YORK, NY 10017-5911
- Principal officer (990 for 2023)
- BEHRAM TURAN, 4 WEST 43RD ST SUITE 316, NEW YORK, NY 10036
- Signed the 990
- BEHRAM TURAN, CHAIRMAN
- Phone
- (646) 585-4510
- Return prepared by
- M Hassanali CPA PLLC
Mission
PROVIDE STUDENT HOUSING, EDUCATIONAL GRANTS AND SCHOLARSHIPS AND PROMOTE CULTURAL AWARENESS THROUGH EDUCATION.
Program accomplishments
- TO PROVIDE EDUCATIONAL OPPURTUNITIES INCLUDING STUDENTS SCHOLORSHIPS & GRANT AWARDS BASED ON FINANCIAL NEEDS AND OR MERITS.0
- PROVIDE STUDENT HOUSING INCLUDING GRANTS & SUBSIDIES TO MEET THE GAP IN CULTURALLY & RELIGIOUSLY APPROPRIATE HOUSING IN THE NEW YORK CITY & BEYOND FOR MUSLIM STUDENTS. THE HOUSING TO INCLUDE PROTECTING THE PRIVACY OF FEMALE STUDENTS, PROVIDE GENDER SEPARATION IN LIVING ACCOMODATIONS, PROVIDE HALAL FOOD SERVICE, ENFORCE RESTRICTIONS AGAINST THE USE OF DRUGS, ALCOHOL AND TO PROVIDE PRAYER ROOMS AND RELIGIOUS SUPPORT FOR HOLY DAYS.THE FOUNDATION HAS ALSO PROVIDED SUBSIDIZED HOUSING TO VARIOUS STUDENTS DURING THE CURRENT YEARExpenses $2,732,068 · revenue $19,646,301
- CULTURAL AND SOCIAL AWARENESS PROGRAMS AND EXPERIENCES FOR STUDENTS TO LEARN MORE ABOUT MUSLIM CULTURES AND TO PROMOTE CROSS-CULTURAL RELATIONSHIPS BETWEEN MUSLIM CULTURES AND TRADITIONS WITH AMERICAN CULTURES AND TRADITIONS.0
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-1421022
- 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
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $117,368,470
- Income (IRS master file)
- $19,646,301
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $2,497,019 | $2,800,822 | $99,212,722 | IRS |
| 990 | June 2022 | $18,984 | $807,223 | $94,636,659 | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about TURKEN FOUNDATION INC
- What is the EIN of TURKEN FOUNDATION INC?
- The employer identification number (EIN) of TURKEN FOUNDATION INC is 47-1421022.
- Is TURKEN FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to TURKEN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TURKEN 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 TURKEN FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TURKEN FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of TURKEN FOUNDATION INC?
- The 990 for the year ended June 30, 2024 names BEHRAM TURAN.
- Who are the officers and directors of TURKEN FOUNDATION INC?
- The 990 for the year ended June 30, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does TURKEN FOUNDATION INC have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $19,646,301, expenses of $3,117,849 and total assets of $117,368,470 at year end.
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