Nonprofit · EIN 82-1225311
TURNING POINT ENDOWMENT INC
Tax-exempt · INDIANAPOLIS, IN 46204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,287,186 | $533,297 | $4,753,889 | $80,982,834 | $54,652 | $80,928,182 |
| June 30, 2024 | 990 | $3,459,607 | $1,646,928 | $1,812,679 | $69,742,379 | $56,960 | $69,685,419 |
| June 30, 2023 | 990 | $1,980,990 | $498,704 | $1,482,286 | $61,010,081 | $35,025 | $60,975,056 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,650,000
- Program service revenue
- $0
- Investment income
- $1,586,186
- Net rental income
- $51,000
- Other revenue
- $51,000
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $5,360
- Accounting fees
- $3,360
- Occupancy
- $151,311
- Depreciation
- $137,490
- Program services (functional)
- $288,801
- Management and general (functional)
- $244,496
Balance sheet and other
- Total assets, start of year
- $69,742,379
- Total assets, end of year
- $80,982,834
- Total liabilities, end of year
- $54,652
- Net assets, end of year
- $80,928,182
- Land, buildings and equipment
- $5,209,115
- Publicly traded securities
- $39,006,904
- Net assets without donor restrictions
- $80,928,182
- Gross receipts
- $5,287,186
- Employees
- 0
- Volunteers
- 2
- Year formed
- 2017
- State of legal domicile
- IN
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHARLIE KIRK | PRESIDENT Trustee or director, Officer | 1 | $0 | $384,859 | $5,778 |
| JUSTIN OLSON | ASSISTANT TREASURER Officer | 1 | $0 | $264,894 | $5,811 |
| PETER THERON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JIM HOLDEN | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| FRANK CARNI II | ASSISTANT SECRETARY Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHARLES KIRK | PRESIDENT Trustee or director, Officer | 1 | $0 | $385,769 | $4,724 |
| PETER THERON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JIM HOLDEN | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHARLES KIRK | PRESIDENT Trustee or director, Officer | 1 | $0 | $389,191 | $3,675 |
| PETER THERON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JIM HOLDEN | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 135 N PENNSYLVANIA ST STE 1610, INDIANAPOLIS, IN 46204-2448
- Principal officer (990 for 2024)
- ERIKA KIRK, 135 N PENNSYLVANIA ST, INDIANAPOLIS, IN 46204
- Signed the 990
- JIM HOLDEN, SECRETARY/TREASURER
- Phone
- (844) 872-1776
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
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.
Program accomplishments
- TURNING POINT ENDOWMENT IS A SUPPORTING ORGANIZATION TO TURNING POINT USA ("TPUSA"), WHICH IS A 501(C)(3) ENTITY WITH A MISSION TO EDUCATE STUDENTS ABOUT THE IMPORTANCE OF FISCAL RESPONSIBILITY, FREE MARKETS, AND CAPITALISM. THE ORGANIZATION SUPPORTS TPUSA THROUGH CONTRIBUTIONS AND BY MAINTAINING INVESTMENTS TO SUPPORT TPUSA'S LONG-TERM VITALITY.Expenses $288,801
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 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 82-1225311
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2018
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $80,982,834
- Income (IRS master file)
- $5,287,186
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,287,186 | $533,297 | $80,982,834 | IRS |
| 990 | June 2024 | $3,459,607 | $1,646,928 | $69,742,379 | IRS |
| 990 | June 2023 | $1,980,990 | $498,704 | $61,010,081 | XML |
| 990 | June 2022 | $12,624,532 | $398,791 | $55,992,781 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 82-1225311).
Questions about TURNING POINT ENDOWMENT INC
- What is the EIN of TURNING POINT ENDOWMENT INC?
- The employer identification number (EIN) of TURNING POINT ENDOWMENT INC is 82-1225311.
- Is TURNING POINT ENDOWMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to TURNING POINT ENDOWMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does TURNING POINT ENDOWMENT 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 TURNING POINT ENDOWMENT 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 TURNING POINT ENDOWMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of TURNING POINT ENDOWMENT INC?
- The 990 for the year ended June 30, 2025 names ERIKA KIRK.
- Who are the officers and directors of TURNING POINT ENDOWMENT INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does TURNING POINT ENDOWMENT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,287,186, expenses of $533,297 and total assets of $80,982,834 at year end.
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