Harmony Fund Inc
- Assets
- $1.0m
- Revenue
- $57.4k
- Investments
- $1.0m
- Employees
- 0
- Location
- Warren, NJ
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 22-3693795
Organization Overview
Harmony Fund Inc is located in Warren, NJ. The organization was established in 2000. 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. Harmony Fund 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, Harmony Fund Inc generated $57.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $50.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Harmony Fund Inc has awarded 206 individual grants totaling $379,250. 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 |
|---|---|---|---|
Michael Solondz President/trustee | 1 | $0 | |
Barry Solondz Secretary/trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,939 |
| Dividends & Interest | $41,072 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$210 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,595 |
| Total Revenue | $57,396 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $481 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $174 |
| Total operating and administrative expenses | $2,605 |
| Contributions, gifts, grants paid | $47,750 |
| Total expenses and disbursements | $50,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,771 |
| Savings and temporary cash investments | $0 |
| 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 | $1,031,516 |
| 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, Harmony Fund Inc has awarded $53,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ACROSS THE RIVER RANCH PURPOSE: ANIMAL WELFARE | $1,000 |
AMYLOIDOSIS FOUNDATION PURPOSE: MEDICAL SERVICE | $5,000 |
ASPEN VALLEY SKI AND SNOWBOARD CLUB PURPOSE: EDUCATION | $2,500 |
ASPEN EDUCATION FOUNDATION PURPOSE: EDUCATION | $2,000 |
BOOST OREGON PURPOSE: MEDICAL SERVICE | $1,000 |
CHARITY WATCH PURPOSE: EDUCATION | $500 |