Harmony Foundation Inc
- Assets
- $321.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Milwaukee, WI
- Founding
- 12/2008
- Data as of
- 12/2020
- EIN
- 59-3833244
Organization Overview
Harmony Foundation Inc is located in Milwaukee, WI. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harmony 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 12/2020, Harmony Foundation Inc generated $70.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $73.1k during the year ending 12/2020. While expenses have increased by 11.0% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
EDUCATIONAL AND CHARITABLE COMMUNITY CENTER ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David B Sengun Executive Director | 40 | $37,500 | |
Sadi Unal Director/vp | 2 | $0 | |
Mevlut Alcay Director/president | 2 | $0 | |
David Chief Director/secretary | 2 | $0 | |
Selma Harpci Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,591 |
| Total Program Service Revenue | $1,687 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $70,278 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $40,386 |
| Professional fees and other payments to independent contractors | $754 |
| Occupancy, rent, utilities, and maintenance | $11,313 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,685 |
| Total expenses | $73,138 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,154 |
| Other assets | $0 |
| Total assets | $321,139 |
| Total liabilities | $198,144 |
| Net assets or fund balances | $122,995 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Harmony Foundation Inc has recieved totaling $7,820.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $7,820 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Cleveland Avenue Foundation For Education Group Chicago, IL | $12,236,345 | $15,309,295 |
Western Illinois Regional Council Community Action Agency Macomb, IL | $2,081,443 | $6,378,655 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Guaranteed Rate Foundation Nfp Chicago, IL | $1,798,790 | $5,812,096 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |