Harad Family Foundation
- Assets
- $6.6m
- Revenue
- $681.9k
- Investments
- $6.5m
- Employees
- 0
- Location
- Boise, ID
- Founding
- 09/2010
- Data as of
- 12/2022
- EIN
- 27-6366249
Organization Overview
Harad Family Foundation is located in Boise, ID. The organization was established in 2010. 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. Harad Family 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 12/2022, Harad Family Foundation generated $681.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.4%) each year. All expenses for the organization totaled $451.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Harad Family Foundation has awarded 106 individual grants totaling $1,056,306. 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 |
|---|---|---|---|
George J Harad Trustee | 2 | $0 | |
Beverly M Harad Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $244,496 |
| Dividends & Interest | $318,905 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $78,728 |
| Capital Gain Net Income | $78,728 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $39,747 |
| Total Revenue | $681,876 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $22,602 |
| Taxes | $10,108 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $73,521 |
| Total operating and administrative expenses | $110,961 |
| Contributions, gifts, grants paid | $340,894 |
| Total expenses and disbursements | $451,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,693 |
| 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 | $761 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,388,042 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,594,271 |
| 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 | $25,000 |
| Other liabilities | $2 |
| Total liabilities | $25,002 |
Grants Awarded
Over the last fiscal year, Harad Family Foundation has awarded $340,894 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BOISE PUBLIC SCHOOLS FOUNDATION PURPOSE: GENERAL SUPPORT | $30,000 |
TREASURE VALLEY INST FOR CHILDRENS PURPOSE: GENERAL SUPPORT | $5,000 |
BOISE ART MUSEUM PURPOSE: GENERAL SUPPORT | $17,500 |
BOISE PHILHARMONIC ASSOCIATION PURPOSE: GENERAL SUPPORT | $1,000 |
IDAHO NON-PROFIT CENTER PURPOSE: GENERAL SUPPORT | $20,000 |
IDAHO PUBLIC TELEVISION PURPOSE: GENERAL SUPPORT | $5,000 |