Todays Harbor For Children
- Assets
- $701.7k
- Revenue
- $84.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 03/1950
- Data as of
- 06/2024
- EIN
- 74-1117339
Organization Overview
Todays Harbor For Children is located in Houston, TX. The organization was established in 1950. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Todays Harbor For Children 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 06/2024, Todays Harbor For Children generated $84.8k 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 (40.4%) each year. All expenses for the organization totaled $31.6k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (47.6%) per year over the past 7 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH ITS PROGRAMS, THE HARBOR STRIVES TO HELP CHILDREN LEARN TO OVERCOME SELF-DESTRUCTIVE PATTERNS, BREAK CYCLES OF ABUSE, DEVELOP SOCIAL SKILLS, LEARN RESPONSIBILITY, AND WORK TOWARDS BECOMING HEALTHY, HAPPY, AND PRODUCTIVE MEMBERS OF SOCIETY. TODAY'S HARBOR FOR CHILDREN PROVIDES A HOME AND PROMOTES THE WELFARE FOR NEGLECTED AND HOMELESS CHILDREN BETWEEN THE AGES OF FIVE AND EIGHTEEN. TODAY'S HARBOR FOR CHILDREN CEASED ACTIVE OPERATIONS ON 11/10/2022 AND TRANSFERRED ITS OPERATING AND FOUNDATION ASSETS TO DEPELCHIN (A 501C ORGANIZATION) IN THE PRIOR FISCAL YEAR FOR DEPELCHIN TO ACTIVELY CONTINUE THE MANAGEMENT OF THE HARBOR'S CAMPUS AND OPERATIONS AS WELL AS PROVIDE CARE FOR CHILDREN IN NEED. THE HARBOR MONITORS THESE OPERATIONS AND ALSO RETAINS THE RIGHT TO DEMAND THE RETURN OF THOSE ASSETS SHOULD DEPELCHIN NOT MEET THE HARBOR'S EXPECTATIONS FOR PROVIDING CARE TO THE CHILDREN IN NEED.
OTHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Degeurin-Remington Director | Trustee | 0.15 | $0 |
Michael Knudsen Director | Trustee | 0.12 | $0 |
Elizabeth Pelham Director | Trustee | 0.15 | $0 |
Fred Wahrlich Director | Trustee | 1.83 | $0 |
Sarah Hudgins Secretary | Officer | 0.15 | $0 |
Tim Nesler Treasurer | Officer | 1.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,685 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,685 |
| Total Program Service Revenue | $41,712 |
| Investment income | $17,745 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,501 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,797 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | -$2,500 |
| Fees for services: Accounting | $20,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,564 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,214 |
| Information technology | $2,579 |
| Royalties | $0 |
| Occupancy | -$2,855 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,382 |
| All other expenses | -$41 |
| Total functional expenses | $31,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,597 |
| 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 | $476 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $637,625 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $701,698 |
| 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 | $701,698 |
| 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 | $701,698 |