Turkish Cultural Foundation in Washington, District of Columbia (DC)
Table of contents:
| Turkish Cultural Foundation | |
| Employer Identification Number (EIN) | 043484459 |
| Name of Organization | Turkish Cultural Foundation |
| In Care of Name | Dr Yalcin Ayasli |
| Address | 1510 H St Nw Ste 900, Washington, DC 20005-1014 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $14,152,624 |
| Amount of Income | $11,121,296 |
| Form 990 Revenue Amount | $44,976 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Cultural, Ethnic Awareness |
Non-representatives - add comments:
Amount of income in 2012: $11,121,296 (it was $6,281,067 in 2011)
| Turkish Cultural Foundation: | $11,121,296 |
| Other organizations performing similar types of work: | $120,360 |
Assets in 2012: $14,152,624 (it was $19,073,857 in 2011)
| Turkish Cultural Foundation: | $14,152,624 |
| Other organizations performing similar types of work: | $169,282 |
Expenses in 2012: $2,102,928
| Turkish Cultural Foundation: | $2,102,928 |
| Other organizations performing similar types of work: | $104,111 |
Income to expenses ratio in 2012: 5.3
| Turkish Cultural Foundation: | 5.3 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 276.9%
| Turkish Cultural Foundation: | 276.9% |
| Other organizations performing similar types of work: | 0.0% |
Revenue for 2012
Functional expenses for 2012
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $44,976 |
| Contributions, Gifts, Grants and Other Similar Amounts | $124,554 |
| Program Service Revenue | $53,410 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $157,394 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental loss | $-686,621 |
| Gross rents (Real / Personal) | $-686,621 / $0 |
| Less: rental expenses (Real / Personal) | $0 / $0 |
| Rental income or (loss) (Real / Personal) | $0 / $0 |
| Net gain from sales of assets other than inventory | $381,150 |
| Gross amount from sales of assets other than inventory (Securities / Other) | $11,457,470 / $0 |
| Less: cost or other basis and sales expenses (Securities / Other) | $11,076,320 / $0 |
| Gain or (loss) (Securities / Other) | $381,150 / $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $15,089 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $2,102,928 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $342,516 |
| Payroll taxes | $0 |
| Professional fundraising services | $0 |
| Other | $1,760,412 |
| Balance Sheet (for 2012) | |
| Total assets | $14,152,624 |
| Total liabilities | $1,231,072 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $1,231,072 |
| Total net assets or fund balances | $12,921,552 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total support | $1,907,573 |
| Gifts, grants, contributions, and membership fees received | $387,806 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $266,471 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $1,208,221 |
| Other | $45,075 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Workmens Circle Arbeter Ring Incorporated | 247 W 37th St Frnt 5, New York, NY 10018-5129 | NY | 1965-06 | $54,135,638 |
| 2 | Turkish Cultural Foundation | 1510 H St Nw Ste 900, Washington, DC 20005-1014 | DC | 2000-06 | $11,121,296 |
| 3 | National Italian American Foundation Inc | 1860 19th St Nw, Washington, DC 20009-5501 | DC | 1976-12 | $8,599,048 |
| 4 | Sealaska Heritage Institute | 1 Sealaska Plz Ste 301, Juneau, AK 99801-1245 | AK | 1982-02 | $7,870,397 |
| 5 | Telugu Association Of North America Incorporated, Tana Foundation | 6200 Savoy Dr Ste 530, Houston, TX 77036-3325 | TX | 1980-03 | $3,734,274 |
| 6 | Russian American Foundation Inc | 70 West 36th Street, New York, NY 10018-8007 | NY | 1997-06 | $3,187,340 |
| 7 | Tekeyan Cultural Association Inc | 755 Mount Auburn St, Watertown, MA 02472-1509 | MA | 1970-02 | $2,838,672 |
| 8 | Tibet House Inc | 22 West 15th St, New York, NY 10011-6842 | NY | 1988-03 | $2,741,346 |
| 9 | Silk Road Project Inc | 175 N Harvard St, Allston, MA 02134-1003 | MA | 1999-04 | $2,168,943 |
| 10 | San Diego Center For Jews Culture | 4126 Executive Dr, La Jolla, CA 92037-1348 | CA | 1999-11 | $2,034,241 |
| 11 | Alliance Francaise De Washington Inc | 2142 Wyoming Ave Nw, Washington, DC 20008-3906 | DC | 1956-10 | $1,800,738 |
| 12 | Swiss Institute | 18 Wooster St, New York, NY 10013-2227 | NY | 1989-03 | $1,566,078 |
| 13 | Southwestern Association For Indian Arts Inc | PO BOX 969, Santa Fe, NM 87504-0969 | NM | 1971-06 | $1,394,409 |
| 14 | Tohono Oodham Community Action | PO BOX 1790, Sells, AZ 85634-1790 | AZ | 1998-03 | $1,296,076 |
| 15 | The Chinese Consolidated Benevolent Association Of Washington Dc | 510 I Street Nw, Washington, DC 20001-2618 | DC | 1997-11 | $565,900 |
| 16 | The Robbins Center For Cross Cultural Communication | 530 6th St Se, Washington, DC 20003-2705 | DC | 1964-01 | $466,880 |
| 17 | The American Center Of Polish Culture Inc | 2025 O St Nw, Washington, DC 20036-5913 | DC | 1989-10 | $155,041 |
| 18 | Swedish Womens Educational Association, Washington Dc | 2900 K Street Nw, Washington, DC 20007-5105 | DC | 1979-12 | $52,593 |
| 19 | D C Caribbean Carnival Inc | 4809 A Georgia Ave Nw Suite 112, Washington, DC 20011 | DC | 1995-12 | $10,446 |
| 20 | American Kurdish Information Network | 2722 Connecticut Ave Nw Apt 42, Washington, DC 20008-5316 | DC | 1998-07 | $3,445 |
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| Total | 1,085 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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