Reed L Harmon & Nan H Harman Foundation
- Assets
- $4.4m
- Revenue
- $386.7k
- Investments
- $4.1m
- Employees
- 0
- Location
- Rolling Hills Estates, CA
- Founding
- 02/1988
- Data as of
- 12/2022
- EIN
- 33-0271109
Organization Overview
Reed L Harmon & Nan H Harman Foundation is located in Rolling Hills Estates, CA. The organization was established in 1988. 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. Reed L Harmon & Nan H Harman 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, Reed L Harmon & Nan H Harman Foundation generated $386.7k 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 (4.4%) each year. All expenses for the organization totaled $316.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Reed L Harmon & Nan H Harman Foundation has awarded 188 individual grants totaling $1,825,192. 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 |
|---|---|---|---|
Reed L Harman President | 10 | $0 | |
Nan M Harman Vice President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,367 |
| Dividends & Interest | $94,601 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $257,045 |
| Capital Gain Net Income | $257,045 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $27,676 |
| Total Revenue | $386,689 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $342 |
| Taxes | $10,328 |
| Depreciation | $0 |
| Occupancy | $17,400 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,715 |
| Total operating and administrative expenses | $117,331 |
| Contributions, gifts, grants paid | $199,484 |
| Total expenses and disbursements | $316,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $245,697 |
| 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 | $1,008,927 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,376,927 |
| Accounts payable and accrued expenses | $14,195 |
| 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 | $14,195 |
Grants Awarded
Over the last fiscal year, Reed L Harmon & Nan H Harman Foundation has awarded $199,484 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
COACHELLA VALLEY HIGH SCHOOL PURPOSE: SUPPORT | $100 |
CEDARS SINAI MEDICAL GROUP PURPOSE: SUPPORT | $30,000 |
DESERT COMMUNITY FOUNDATION PURPOSE: SUPPORT | $6,000 |
DESERT SCHOLARSHIP FOUNDATION PURPOSE: SUPPORT | $10,000 |
FRED HUTCH CANCER CENTER PURPOSE: SUPPORT | $10,000 |
FROM PASS THROUGH ENTITIES PURPOSE: SUPPORT | $8 |