Harman Family Foundation
- Assets
- $35.7m
- Revenue
- $706.6k
- Investments
- $35.1m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 10/2011
- Data as of
- 12/2022
- EIN
- 45-6495102
Organization Overview
Harman Family Foundation is located in Los Angeles, CA. The organization was established in 2011. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Harman Family 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, Harman Family Foundation generated $706.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.3%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Harman Family Foundation has awarded 425 individual grants totaling $9,176,250. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GRANTS AND OPERATIONS MANAGER VOLUNTEERS FIFTY PERCENT OF HER TIME IN SENIOR STAFF POSITIONS AS EDITOR AND EVENTS DIRECTOR FOR CATALOGUE FOR PHILANTHROPY: GREATER WASHINGTON DC, FOUNDED BY THE HARMAN FAMILY FOUNDATION AND ONE OF ITS MOST SIGNIFICANT NONPROFIT PARTNERS.
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 |
|---|---|---|---|
Jane Harman Trustee | 4 | $0 | |
Barbara Harman Trustee/ex Director | 40 | $192,133 | |
Brian Frank Trustee | 0 | $0 | |
Julia Cain Trustee | 0 | $0 | |
Molly Small Trustee | 0 | $0 | |
Grace Harman Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $699,985 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,628 |
| Capital Gain Net Income | $6,628 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $706,613 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $192,133 |
| Other employee salaries and wages | $109,068 |
| Pension plans, employee benefits | $3,272 |
| Interest | $0 |
| Taxes | $142,896 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,610 |
| Printing and publications | $0 |
| Other expenses | $12,758 |
| Total operating and administrative expenses | $747,397 |
| Contributions, gifts, grants paid | $2,673,080 |
| Total expenses and disbursements | $3,420,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,494 |
| Savings and temporary cash investments | $501,854 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $10,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $102,311 |
| Total assets | $35,681,476 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Harman Family Foundation has awarded $2,673,080 in support to 148 organizations.
| Grant Recipient | Amount |
|---|---|
DEPRESSION AND BIPOLAR SUPPORT ALLIANCE (DBSA) PURPOSE: MOOD DISORDER ORGANIZATION | $10,000 |
FRIENDS OF TEACH FOR ITALY PURPOSE: RACE & RELIGIOUS DIVERSITY TRAINING | $5,000 |
INNER-CITY ARTS PURPOSE: ARTS EDUCATION | $10,000 |
MASS AUDUBON SOCIETY PURPOSE: LAND PROTECTION | $5,000 |
DC ABORTION FUND PURPOSE: ABORTION FUNDS | $10,000 |
NEIGHBORS TOGETHER PURPOSE: EMERGENCY ASSISTANCE ORGANIZATION | $5,000 |