Harpswell Foundation
- Assets
- $9.7m
- Revenue
- $1.5m
- Investments
- $9.0m
- Employees
- 0
- Location
- Concord, MA
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 04-3474498
Organization Overview
Harpswell Foundation is located in Concord, MA. The organization was established in 1999. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harpswell Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Harpswell Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $639.0k during the year ending 12/2021. While expenses have increased by 12.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF DORMITORIES AND LEADERSHIP CENTERS FOR OUTSTANDING YOUNG WOMEN ATTENDING UNIVERSITY IN PHNOM PENH.
PROVIDING U.S. EDUCATIONAL FELLOWSHIPS TO CAMBODIAN WOMEN.
SUPPORT OF WOMEN'S DIGITAL ENTREPRENEURSHIP PROGRAM.
SUPPORT OF HARPSWELL ASEAN PROGRAM IN WOMEN'S LEADERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Lightman Chairman | 10 | $0 | |
Elyse Lightman Samuels Trustee | 1 | $0 | |
Renay Loper Trustee | 1 | $0 | |
Kara Lightman Trustee | 1 | $0 | |
Clara Peron Trustee | 1 | $0 | |
Jojo Lam Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $505,260 |
| Interest on Savings | $2,016 |
| Dividends & Interest | $121,776 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $868,529 |
| Capital Gain Net Income | $868,529 |
| Net ST Capital Gain | $158,440 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,497,581 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $176,708 |
| Pension plans, employee benefits | $13,118 |
| Interest | $0 |
| Taxes | $21,910 |
| Depreciation | $11,420 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,833 |
| Printing and publications | $1,028 |
| Other expenses | $373,584 |
| Total operating and administrative expenses | $639,024 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $639,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,342 |
| Savings and temporary cash investments | $1,675 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,085,117 |
| Net Land, buildings, and equipment | $469,267 |
| Other assets | $0 |
| Total assets | $9,704,680 |
| Accounts payable and accrued expenses | $15,833 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,833 |
Grants Awarded
Over the last fiscal year, Harpswell Foundation has awarded $20,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LEADERSHIP CONFERENCE ON CIVIL AND HUMAN RIGHTS PURPOSE: FUNDING FOR EDUCATIONAL PURPOSES | $5,000 |
New York, NY PURPOSE: FUNDING FOR EDUCATIONAL PURPOSES | $5,000 |
LEADERSHIP CONFERENCE ON CIVIL AND HUMAN RIGHTS PURPOSE: FUNDING FOR EDUCATIONAL PURPOSES | $5,000 |
New York, NY PURPOSE: FUNDING FOR EDUCATIONAL PURPOSES | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Harpswell Foundation has recieved totaling $72,237.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: PUBLIC AFFAIRS | $21,800 |
Childrens Tr 04132005 New York, NY PURPOSE: SOCIAL WELFARE | $20,000 |
Geoffrey Gund Foundation Brooklyn, OH PURPOSE: GENERAL OPERATING | $10,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $9,436 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $6,001 |
Philantropic Foundation Washington, DC PURPOSE: HELP EDUCATE YOUNG WOMEN IN CAMBODIA | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Advisors Charitable Gift Fund Inc Woburn, MA | $25,560,118 | $6,290,034 |
The Afsm Foundation New Haven, CT | $1,606,071 | $1,000,000 |
Constructive Dialogue Institute Inc New York, NY | $2,018,471 | $1,187,467 |
Shekel Hakodesh Dsatmar Inc Monroe, NY | $92,066 | $1,180,269 |
Uwvc Foundation Inc New York, NY | $541,216 | $743,045 |
Harpswell Foundation Concord, MA | $9,704,680 | $1,497,581 |
Milford Community Media Center Inc Milford, MA | $557,673 | $474,965 |
Np Minneapolis Industrial Llc Boston, MA | $18,987,088 | $1,225,241 |
Gateway Demonstration Assistance Corporation Brooklyn, NY | $54,240 | $0 |
New York State Local Government Services Corporation Albany, NY | $2,522,500 | $0 |
Ims Foundation Brooklyn, NY | $12,335 | $250,000 |
Children Of Long Island Inc Moriches, NY | $1,474,750 | $1,240,000 |