Harpswell Foundation
- Assets
- $9.1m
- Revenue
- $817.2k
- Investments
- $8.5m
- Employees
- 0
- Location
- Concord, MA
- Founding
- 08/1999
- Data as of
- 12/2023
- EIN
- 04-3474498
Organization Overview
Harpswell Foundation is located in Concord, MA. The organization was established in 1999. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harpswell 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, Harpswell Foundation generated $817.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $982.0k during the year ending 12/2023. 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
OPERATION OF DORMITORIES AND LEADERSHIP CENTERS FOR OUTSTANDING YOUNG WOMEN ATTENDING UNIVERSITY IN PHNOM PENH.
SUPPORT OF HARPSWELL ASEAN PROGRAM IN WOMEN'S LEADERSHIP.
PROVIDING U.S. EDUCATIONAL FELLOWSHIPS TO CAMBODIAN WOMEN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Lightman Trustee | 1 | $0 | |
Clara Peron Trustee | 1 | $0 | |
David Roe Trustee | 1 | $0 | |
Jojo Lam Trustee | 1 | $0 | |
Jonathan Saunders Trustee | 1 | $0 | |
Marie Eckstein Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $317,337 |
| Interest on Savings | $0 |
| Dividends & Interest | $180,599 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $319,146 |
| Capital Gain Net Income | $319,146 |
| Net ST Capital Gain | $181,323 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $97 |
| Total Revenue | $817,179 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $326,742 |
| Pension plans, employee benefits | $6,373 |
| Interest | $0 |
| Taxes | $17,843 |
| Depreciation | $11,147 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14,410 |
| Printing and publications | $1,218 |
| Other expenses | $571,604 |
| Total operating and administrative expenses | $982,043 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $982,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,282 |
| Savings and temporary cash investments | $634 |
| 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 | $2,442,398 |
| Net Land, buildings, and equipment | $446,973 |
| Other assets | $0 |
| Total assets | $9,126,366 |
| 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 | $0 |
| Other liabilities | $68,120 |
| Total liabilities | $68,120 |
Grants Awarded
Over the last fiscal year, Harpswell Foundation has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LEADERSHIP CONFERENCE ON CIVIL AND HUMAN RIGHTS PURPOSE: FUNDING FOR EDUCATIONAL PURPOSES | $5,000 |
NAACP LEGAL DEFENSE AND EDUCATION FUND PURPOSE: FUNDING FOR EDUCATIONAL PURPOSES | $5,000 |