The George And Ruth Harms Foundation Inc
- Assets
- $256.5k
- Revenue
- $104.5k
- Investments
- $220.5k
- Employees
- 0
- Location
- Farmingdale, NJ
- Founding
- 01/1998
- Data as of
- 12/2021
- EIN
- 22-3548916
Organization Overview
The George And Ruth Harms Foundation Inc is located in Farmingdale, NJ. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. George And Ruth Harms 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 12/2021, George And Ruth Harms Foundation Inc generated $104.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $68.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, George And Ruth Harms Foundation Inc has awarded 216 individual grants totaling $890,848. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Harms Trustee | 0 | $0 | |
George Harms President/trustee | 0 | $0 | |
Gary Abadrabo Secretary/trustee | 0 | $0 | |
Ruth Harms Vice President/trustee | 0 | $0 | |
Kathy Duffe Treasurer | 0 | $0 | |
Lauren Harms Kreig Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $103,627 |
| Interest on Savings | $7 |
| Dividends & Interest | $876 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $104,510 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34 |
| Total operating and administrative expenses | $70 |
| Contributions, gifts, grants paid | $68,700 |
| Total expenses and disbursements | $68,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $35,532 |
| 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 | $456 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $256,477 |
| 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 |
Grants Awarded
Over the last fiscal year, The George And Ruth Harms Foundation Inc has awarded $68,700 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
OCEAN MEDICAL FOUNDATION PURPOSE: 2021 GOLF OUTING SPONSOR | $30,000 |
Manasquan, NJ PURPOSE: 2021 DONATION | $17,700 |
MANASQUAN PRESBYTERIAN CHURCH PURPOSE: 2021 DONATION | $6,000 |
ALLAIRE COMMUNITY FARM PURPOSE: 2021 HOEDOWN SPONSOR | $5,000 |
Havre De Grace, MD PURPOSE: 2021 GOLF OUTING SPONSOR | $3,500 |
THE KEYS CHILDREN FUND PURPOSE: 2021 LUNCHEON SPONSOR | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healthcare Foundation Of New Jersey Inc Millburn, NJ | $201,281,752 | $11,925,991 |
Tr Ua 06162003 New York, NY | $24,153,189 | $17,543,623 |
Linlundh Foundation Huntingdon Valley, PA | $26,974,319 | $5,576,892 |
Hamilton Family Charitable Trust Wayne, PA | $141,914,105 | $43,786,350 |
Daniel B And Florence E Green Foundation Conshohocken, PA | $179,390,509 | $18,946,870 |
Price Family Foundation Inc New York, NY | $4,922,654 | $6,599,359 |
Seed The Dream Foundation Gladwyne, PA | $47,208,358 | $1,088,502 |
Vf Foundation Wilmington, DE | $28,556,217 | $960,441 |
Ruth Lilly Philanthropic Foundation Wilmington, DE | $89,481,864 | $12,222,478 |
Virginia B Toulmin Charitable Foundation Iii 20-102080246164 New York, NY | $0 | $3,507,979 |
Foundation For Excellence In Higher Education Inc Princeton, NJ | $10,905,740 | $10,645,198 |
Margaret A Nagel Tr Uw Art 2 Jericho, NY | $960,283 | $58,879 |