Harden Foundation
- Assets
- $70.7m
- Revenue
- $21.3m
- Investments
- $63.0m
- Employees
- 0
- Location
- Salinas, CA
- Founding
- 09/1964
- Data as of
- 12/2023
- EIN
- 94-6098887
Organization Overview
Harden Foundation is located in Salinas, CA. The organization was established in 1964. 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. Harden 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 12/2023, Harden Foundation generated $21.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $6.0m during the year ending 12/2023. While expenses have increased by 6.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HARDEN FOUNDATION IS NOT INVOLVED IN THE DIRECT ACTIVE CONDUCT OF CHARITABLE ACTIVITIES. THE FOUNDATION PROVIDES SUPPORT TO 501(C)(3) ORGANIZATIONS WITH A DEMONSTRATED ABILITY TO PROVIDE MEANINGFUL AND MEASURABLE ONGOING BENEFITS TO THE PEOPLE OF MONTEREY COUNTY, CALIFORNIA. AFTER GRANTING SUPPORT, HARDEN FOUNDATION DOES NOT MAINTAIN SIGNIFICANT INVOLVEMENT WITH THE GRANTEE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Taylor President | 0 | $0 | |
Lydia M Torres Non-Voting/nbm | 40 | $88,727 | |
Chris Dalman V.p./secretary | 0 | $0 | |
Tom Bryan Vice President | 0 | $0 | |
Joseph C Grainger Exec. Director | 40 | $209,324 | |
Mike Antle VP & Treasurer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The London Co | 12/30/23 | $79,087 |
Reik & Co Llc | 12/30/23 | $78,072 |
Icapital-brep X Offshore Access Fund Lp | 12/30/23 | $60,000 |
Jp Morgan | 12/30/23 | $53,227 |
Master Landscapes | 12/30/23 | $63,571 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $219,421 |
| Dividends & Interest | $1,326,498 |
| Net Rental Income | $14,230 |
| Net Gain on Sale of Assets | $14,616,701 |
| Capital Gain Net Income | $14,616,701 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,072,545 |
| Total Revenue | $21,273,551 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $298,052 |
| Other employee salaries and wages | $123,298 |
| Pension plans, employee benefits | $127,346 |
| Interest | $0 |
| Taxes | $322,737 |
| Depreciation | $163,425 |
| Occupancy | $47,262 |
| Travel, conferences, and meetings | $3,859 |
| Printing and publications | $5,000 |
| Other expenses | $195,372 |
| Total operating and administrative expenses | $1,745,007 |
| Contributions, gifts, grants paid | $4,269,891 |
| Total expenses and disbursements | $6,014,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,705 |
| Savings and temporary cash investments | $3,952,757 |
| Net Accounts receivable | $58,440 |
| 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 | $19,052 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,343,362 |
| Other assets | $10,966 |
| Total assets | $70,688,757 |
| Accounts payable and accrued expenses | $12,136 |
| Grants payable | $1,970,500 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $168,253 |
| Total liabilities | $2,150,889 |