Harbor Centers Inc
- Assets
- $38.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Duluth, MN
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 04-3840480
Organization Overview
Harbor Centers Inc is located in Duluth, MN. The organization was established in 2007. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 12/2022, Harbor Centers Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harbor Centers Inc 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 12/2022, Harbor Centers Inc generated $138.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $171.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
EXPENSES ASSOCIATED WITH PROVIDING INFORMATION TO SENIORS ON HEALTH, WELLNESS, EDUCATION, RECREATION, AND HOUSING THROUGH GUIDES AND PUBLICATIONS. 65,000 COPIES OF THE SENIOR REPORTER MAGAZINE WERE PRINTED AND 63,000 OF THE COPIES WERE GIVEN OUT FREE. THE PURPOSE OF THE MAGAZINE IS TO ENCOURAGE SENIORS TO STAY AS HEALTHY AND ACTIVE AS POSSIBLE FOR AS LONG AS POSSIBLE. 32,000 COPIES OF SENIOR RESOURCE GUIDES WERE PRINTED AND PROVIDED FREE TO THE PUBLIC. THE PURPOSE OF THE RESOURCE GUIDES IS TO HELP SENIORS CONNECT WITH RESOURCES AND HOUSING WHEN THEY NEED ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Burton Laine Executive Director | 32 | $45,893 | |
Luann Tiege Chairperson | 0.3 | $0 | |
Marshall Thornton Vice Chairperson | 0.3 | $0 | |
Mary Alice Carlson Director | 0.3 | $0 | |
Robert Olen Director | 0.3 | $0 | |
Michelle Robertson Director | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $95 |
| Total Program Service Revenue | $138,034 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $138,129 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $45,893 |
| Professional fees and other payments to independent contractors | $39,081 |
| Occupancy, rent, utilities, and maintenance | $7,200 |
| Printing, publications, postage, and shipping | $44,902 |
| Other expenses | $33,969 |
| Total expenses | $171,045 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,938 |
| Other assets | $0 |
| Total assets | $38,787 |
| Total liabilities | $42,712 |
| Net assets or fund balances | -$3,925 |