Harmon Foundation Inc
- Assets
- $296.9k
- Revenue
- $319.5k
- Investments
- $258.1k
- Employees
- 0
- Location
- Jericho, NY
- Founding
- 06/1939
- Data as of
- 12/2022
- EIN
- 13-5562236
Organization Overview
Harmon Foundation Inc is located in Jericho, NY. The organization was established in 1939. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harmon Foundation 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, Harmon Foundation Inc generated $319.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $313.7k during the year ending 12/2022. While expenses have increased by 0.1% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barnes Mcnevin Chairperson | 0.5 | $0 | |
Rob Smith President | 0.5 | $0 | |
James King Harmon Vice President | 0.5 | $0 | |
Andrew Persson Treasurer | 2 | $0 | |
Elizabeth Mcnevin Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $240,000 |
| Interest on Savings | $6 |
| Dividends & Interest | $9,692 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69,819 |
| Capital Gain Net Income | $69,819 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $319,517 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,062 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14,125 |
| Printing and publications | $170 |
| Other expenses | $182 |
| Total operating and administrative expenses | $44,197 |
| Contributions, gifts, grants paid | $269,500 |
| Total expenses and disbursements | $313,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $38,834 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $296,905 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |