Harbor Community Benefit Foundation
- Assets
- $709.3k
- Revenue
- $705.8k
- Investments
- $0.0
- Employees
- 3
- Location
- San Pedro, CA
- Founding
- 08/2011
- Data as of
- 12/2022
- EIN
- 45-2487333
Organization Overview
Harbor Community Benefit Foundation is located in San Pedro, CA. The organization was established in 2011. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. As of 12/2022, Harbor Community Benefit Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harbor Community Benefit 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, Harbor Community Benefit Foundation generated $705.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $840.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Harbor Community Benefit Foundation has awarded 81 individual grants totaling $4,295,526. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HEALTHY HARBOR COMMUNITY INITIATIVE (HHCI) GRANT PROGRAM AWARDED A TOTAL OF $400,000 TO FOUR COMMUNITY ORGANIZATIONS, DEDICATED TO OFFSETTING THE IMPACTS OF PORT-RELATED OPERATIONS. IN ITS SECOND YEAR, GRANTS RANGED FROM $50,000 TO $250,000.IN ITS 8TH ROUND OF FUNDING, COMMUNITY BENEFIT GRANTS (CBG) TOTALING 131,800 WERE AWARDED TO TWO ORGANIZATIONS, IN THE AMOUNTS OF 21,800 AND 110,000. THIS ANNUAL INITIATIVE IS PART OF A LARGER STRATEGY TO BRING RESOURCES INTO THE COMMUNITY, SUPPORT ONGOING COLLABORATIONS, AND ESTABLISH NEW PARTNERSHIPS THAT BENEFIT THE COMMUNITIES OF SAN PEDRO AND WILMINGTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meghan Reese Executive Director | Officer | 40 | $120,000 |
Jayme Wilson Director | Trustee | 3 | $0 |
Hannah Bentley Director | Trustee | 3 | $0 |
Magali Sanchez-Hall Director | Trustee | 3 | $0 |
Gabriela Medina Vice Chair | OfficerTrustee | 4 | $0 |
Ed Avol Chair | OfficerTrustee | 4 | $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 | $705,814 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $705,814 |
| Total Program Service Revenue | $0 |
| Investment income | $17 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $705,831 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $531,800 |
| 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. | $120,000 |
| Compensation of current officers, directors, key employees. | $28,499 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,991 |
| Pension plan accruals and contributions | $7,565 |
| Other employee benefits | $0 |
| Payroll taxes | $16,270 |
| Fees for services: Management | $1,720 |
| Fees for services: Legal | $13,498 |
| Fees for services: Accounting | $20,623 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,519 |
| Advertising and promotion | $4,897 |
| Office expenses | $5,370 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,388 |
| 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 | $7,131 |
| All other expenses | $0 |
| Total functional expenses | $840,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $478,468 |
| Savings and temporary cash investments | $225,969 |
| 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 | $4,831 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $709,268 |
| Accounts payable and accrued expenses | $18,160 |
| Grants payable | $256,800 |
| 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 | $191,050 |
| Total liabilities | $466,010 |
| Net assets without donor restrictions | $240,445 |
| Net assets with donor restrictions | $2,813 |
| 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 | $709,268 |
Grants Awarded
Over the last fiscal year, Harbor Community Benefit Foundation has awarded $531,800 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MEMORIAL MEDICAL CENTER | | | $110,000 |
SOUTH BAY CENTER FOR COUNSELING | | | $50,000 |
LA WALKS | | | $71,800 |
WILMINGTON COMMUNITY CLINIC | | | $300,000 |