Harvard Club Of Naples
- Assets
- $713.1k
- Revenue
- $49.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Naples, FL
- Founding
- 12/1982
- Data as of
- 08/2023
- EIN
- 59-2226964
Organization Overview
Harvard Club Of Naples is located in Naples, FL. The organization was established in 1982. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvard Club Of Naples 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 08/2023, Harvard Club Of Naples generated $49.3k 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 (14.2%) each year. All expenses for the organization totaled $47.0k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB IS ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES. IN FURTHERANCE OF SUCH PURPOSES THE CLUB SHALL FOSTER A SPIRIT OF FRATERNITY AMONG GRADUATES FACULTY AND STUDENTS ALONG WITH SERVICE TO THE COMMUNITY; ENCOURAGE RECREATIONAL ACTIVITIES FOR ITS MEMBERS; SERVE IN EXTENDING KNOWLEDGE OF THE AIMS AND ACHIEVEMENTS OF HARVARD UNIVERSITY; PROMOTE THE INTEREST OF ALL ALUMNI ALUMNAE IN THE ACADEMIC AND EXTRACURRICULAR ACTIVITIES OF HARVARD UNIVERSITY; REPRESENT THE INTERESTS OF THE UNIVERSITY IN SOUTHWEST FLORIDA; AND GENERALLY DO ALL THINGS TO PROMOTE AND ENCOURAGE COMMUNICATIONS BETWEEN HARVARD UNIVERSITY AND ITS ALUMNI ALUMNAE RESIDENT IN ITS CLUB AREA OF COLLIER AND LEE COUNTIES FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS ARE DESIGNED TO PROMOTE INTEREST IN THE ACADEMIC AND EXTRACURRICULAR ACTIVITIES OF HARVARD UNIVERSITY TO ENCOURAGE COMMUNICATION BETWEEN HARVARD AND THE GREATER NAPLES COMMUNITY AND TO PROVIDE RECREATIONAL AND EDUCATIONAL ACTIVITIES FOR MEMBERS. THE ORGANIZATION MAKES A FINANCIAL CONTRIBUTION TO HARVARD UNIVERSITY IN SUPPORT OF FINANCIAL AID PROVIDED TO UNDERGRADUATES FROM COLLIER COUNTY FL; SUPPORTS INTERNSHIPS FOR HARVARD STUDENTS WORKING AT NON-PROFIT ORGANIZATIONS IN COLLIER COUNTY FL; AND PROVIDES FINANCIAL SUPPORT FOR NON-PROFIT EXECUTIVES FROM COLLIER COUNTY FL TO ATTEND SUMMER PROGRAMS AT HARVARD UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Leber President | OfficerTrustee | 4 | $0 |
Mark Rubin Vice President | OfficerTrustee | 3 | $0 |
David Sissman Vice President | OfficerTrustee | 3 | $0 |
Matthew Temple Treasurer | OfficerTrustee | 3 | $0 |
Bill Humenuk Secretary | OfficerTrustee | 3 | $0 |
Roy D Farmer Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,860 |
| Fundraising events | $3,439 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,459 |
| Total Program Service Revenue | $21,934 |
| Investment income | $5,226 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $702 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,321 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,000 |
| Grants and other assistance to domestic individuals. | $2,340 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $652 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $586 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,831 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $479 |
| All other expenses | $0 |
| Total functional expenses | $46,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,526 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $675,543 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $713,069 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $713,069 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $713,069 |
Grants Awarded
Over the last fiscal year, Harvard Club Of Naples has awarded $17,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD UNIVERSITY PURPOSE: Financial Aid Support for undergraduate students from Collier County | $6,000 |
HARVARD BUSINESS SCHOOL PURPOSE: Financial Support for non-profit executive to attend a program | $11,000 |