Harbor District Inc
- Assets
- $1.7m
- Revenue
- $574.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Milwaukee, WI
- Founding
- 04/2015
- Data as of
- 06/2023
- EIN
- 47-1388101
Organization Overview
Harbor District Inc is located in Milwaukee, WI. The organization was established in 2015. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. As of 06/2023, Harbor District Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harbor District 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 06/2023, Harbor District Inc generated $574.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $795.6k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF HARBOR DISTRICT, INC. IS TO LEAD THE REVITALIZATION OF MILWAUKEE'S HARBOR DISTRICT BY CONNECTING PEOPLE, SUPPORTING A HEALTHY BUSINESS COMMUNITY, AND IMPROVING THE QUALITY OF OUR NATURAL ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE 2022-23 FISCAL YEAR, HARBOR DISTRICT, INC. OFFERED COMMUNITY EVENTS; PROVIDED SUPPORT AND CONNECTIONS TO OTHER RESOURCES FOR BUSINESS IN OUR DISTRICT; ORGANIZED SUMMER EVENTS FOR 2023; HELD A COMMUNITY FESTIVAL IN PARTNERSHIP WITH TWO OTHER NOT-FOR-PROFITS TO EDUCATE AND ENTERTAIN THEM PUBLIC ON ALL THINGS FISH, WATER AND BOATS, AND PLANNED NEW PUBLIC SPACES AND IMPROVEMENTS TO OUR AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tia Torhorst CEO | Officer | 40 | $83,141 |
Marvin Bynum II President | OfficerTrustee | 5 | $0 |
Rosamaria Martinez Vice President | OfficerTrustee | 2 | $0 |
Kathryn Berger Secretary | OfficerTrustee | 2 | $0 |
Nahid Afsari Treasurer | OfficerTrustee | 2 | $0 |
Carolyn Esswein Past President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $282,169 |
| All other contributions, gifts, grants, and similar amounts not included above | $240,751 |
| Noncash contributions included in lines 1a–1f | $2,855 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $522,920 |
| Total Program Service Revenue | $51,443 |
| Investment income | $418 |
| 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 | $574,781 |
| 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. | $115,000 |
| Compensation of current officers, directors, key employees. | $11,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $197,033 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,407 |
| Payroll taxes | $25,576 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,696 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $282,667 |
| Advertising and promotion | $4,495 |
| Office expenses | $16,677 |
| Information technology | $4,139 |
| Royalties | $0 |
| Occupancy | $8,753 |
| Travel | $6,371 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,851 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,538 |
| Insurance | $6,742 |
| All other expenses | $0 |
| Total functional expenses | $795,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,163 |
| Savings and temporary cash investments | $175,625 |
| Pledges and grants receivable | $230,565 |
| Accounts receivable, net | $19,988 |
| 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 | $59,466 |
| Net Land, buildings, and equipment | $1,191,777 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,866 |
| Total assets | $1,722,450 |
| Accounts payable and accrued expenses | $183,088 |
| Grants payable | $0 |
| Deferred revenue | $1,280 |
| 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 | $26,175 |
| Total liabilities | $210,543 |
| Net assets without donor restrictions | $1,273,038 |
| Net assets with donor restrictions | $238,869 |
| 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 | $1,722,450 |