Digital Harbor Foundation Inc
- Assets
- $6.7m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 94
- Location
- Baltimore, MD
- Founding
- 02/2013
- Data as of
- 12/2021
- EIN
- 45-2536579
Organization Overview
Digital Harbor Foundation Inc is located in Baltimore, MD. The organization was established in 2013. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Digital Harbor Foundation Inc employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Digital Harbor Foundation Inc 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 12/2021, Digital Harbor Foundation Inc generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 22.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOSTERING INNOVATION, TECHNOLOGICAL ADVANCEMENT AND ENTREPRENEURSHIP THROUGH EDUCATIONAL INITIATIVES INCLUDING DIRECT SERVICE PROGRAMS FOR YOUTH AND CAPACITY-BUILDING FOR EDUCATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECH CENTER:THE DIGITAL HARBOR FOUNDATION (DHF) TECH CENTER IS LOCATED IN THE FORMER SOUTH BALTIMORE RECRECATION CENTER AND WAS OPENED BY DHF IN JANUARY 2013. THE TECH CENTER PROVIDES OUT-OF-SCHOOL-TIME STEM-RELATED SCIENCE, TECHNOLOGY,ENGINEERING, MATH) PROGRAMS FOR YOUTH. THE SPACE IS APPROXIMATELY 5,000 SQUARE FEET IN SIZE. PROGRAMS CREATED BY DHF AND RUN AT THE TECH CENTER INCLUDE A SERIES OF SUMMER TECHNOLOGY CAMPS, AFTER SCHOOL TECHNOLOGY EDUCATION PROGRAMS TEACHING WEB OR MOBILE APPLICATION DEVELOPMENT, DIGITAL FABRICATION (INCLUDING 3D PRINTING), AND OTHER RELATED SKILLS.
CENTER OF EXCELLENCE:THE DHF CENTER OF EXCELLENCE FOR INNOVATION IN TECHNOLOGY EDUCATION BUILDS THE CAPACITY OF OTHER ORGANIZATIONS TO DELIVER INNOVATIVETECHNOLOGY EDUCATION PROGRAMS. SERVING AS A TECHNICAL ASSISTANCEAND TRAINING ARM, THE CENTER OF EXCELLENCE WAS FOUNDED TO EXPANDOPPORTUNITIES FOR MORE YOUTH IN DIGITAL-AGE TECHNOLOGY EDUCATIONAND ALIGN K-12 TECHNOLOGY EDUCATION WITH THE NEEDS OF A GROWING TECHECONOMY.
FISCAL SPONSORSHIPS:DIGITAL HARBOR FOUNDATION PROVIDES FISCAL SPONSORSHIP. BEFORE THEY ARE ACCEPTED THEY MUST PASS A THREE-PART TEST. THE FIRST IS A TEST OF SUFFICIENT MISSION-ALIGNMENT. THE SECOND EVALUATES THE STRENGTHS OF THE INDIVIDUAL LEADING THE WORK. IF THESE TWO ARE POSITIVE, THE FINAL TEST IS AN ASSESSMENT OF DIGITAL HARBOR'S ORGANIZATIONAL CAPACITY TO MEET THE NEEDS ASSOCIATED WITH THE PROJECT. IN 2021, THE FISCAL SPONSORSHIPS INCLUDED LAST MILE EDUCATION FUND, PROJECT WAVES, ARTIST RESCUE TRUST, BALTIMORE DIGITAL EQUITY COALITION, YOUTH JOBS CONNECT AND TDC NETWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruthe Farmer Director - Last Mile Education Fund | 40 | $165,080 | |
Andrew Coy Executive Director | Officer | 40 | $135,466 |
Mike Hinkey Board Treasurer | OfficerTrustee | 1 | $0 |
Christofer Nelson Secretary | OfficerTrustee | 1 | $0 |
Frank Bonsal III Board Chair | OfficerTrustee | 1 | $0 |
David Stone Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $359,537 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,454,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,813,656 |
| Total Program Service Revenue | $197,097 |
| Investment income | $713 |
| 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 | $6,011,466 |
| 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. | $137,926 |
| Compensation of current officers, directors, key employees. | $103,445 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,711,913 |
| Pension plan accruals and contributions | $39,001 |
| Other employee benefits | $167,229 |
| Payroll taxes | $143,417 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $60,224 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $342,401 |
| Advertising and promotion | $24,000 |
| Office expenses | $70,959 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,292 |
| Travel | $19,451 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,525 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,354 |
| Insurance | $9,107 |
| All other expenses | $14,037 |
| Total functional expenses | $3,907,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,657,777 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,961,343 |
| Accounts receivable, net | $6,950 |
| 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 | $76,177 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,702,247 |
| Accounts payable and accrued expenses | $162,463 |
| 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 | $162,463 |
| Net assets without donor restrictions | $378,814 |
| Net assets with donor restrictions | $6,160,970 |
| 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 | $6,702,247 |
Grants Recieved
Over the last fiscal year, we have identified 32 grants that Digital Harbor Foundation Inc has recieved totaling $4,055,772.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $672,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $545,489 |
Hopper-Dean Foundation Menlo Park, CA PURPOSE: CHARITABLE | $500,000 |
Capital One Foundation Inc Mclean, VA PURPOSE: LAST MILE EDUCATION FUND | $500,000 |
The Harry & Jeanette Weinberg Foundation Inc Owings Mills, MD PURPOSE: TO SUPPORT THE OPERATIONS OF THIS ORGANIZATION, WHICH PROVIDES YOUTH IN THE BALTIMORE REGION WITH STEM AND TECHNOLOGY PROGRAMS RANGING FROM AFTERSCHOOL AND SUMMER PROGRAMS TO PAID YOUTH EMPLOYMENT IN VARIOUS STEM JOBS. | $350,000 |
The Patrick J Mcgovern Foundation Inc Boston, MA PURPOSE: IN SUPPORT OF THE LAST MILE EDUCATION FUND, TO INVEST IN TALENT FROM LOW-INCOME HOUSEHOLDS IN THE TECHNOLOGY AND ENGINEERING SECTOR | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |
District Of Columbia College Access Program Washington, DC | $105,959,870 | $18,161,486 |
Asian And Pacific Islander American Scholarship Fund Washington, DC | $37,686,826 | $13,616,717 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
James Annenberg La Vea Charitable Foundation Philadelphia, PA | $176,224,277 | $5,500,392 |