Harwood Center Inc
- Assets
- $4.1m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 46
- Location
- Memphis, TN
- Founding
- 07/1981
- Data as of
- 06/2022
- EIN
- 62-1104419
Organization Overview
Harwood Center Inc is located in Memphis, TN. The organization was established in 1981. According to its NTEE Classification (G25) the organization is classified as: Down Syndrome, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2022, Harwood Center Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harwood Center 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 06/2022, Harwood Center Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 5.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENABLE CHILDREN WITH SPECIAL DEVELOPMENTAL NEEDS TO REACH THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVED CHILDREN WITH SPECIAL DEVELOPMENTAL NEEDS, AGED BIRTH TO 5 YEARS OLD, IN HOME, COMMUNITY, AND CENTER BASED SETTINGS. SOCIALIZED INSTRUCTION INCLUDING SPEECH, LANGUAGE SERVICES, AND APPLIED BEHAVIOR ANALYSIS WERE AVAILABLE FOR THOSE REQUIRING SUCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrs Rachel Lauletta Executive Director | Officer | 50 | $76,317 |
Mrsalice Trottman Secretary | OfficerTrustee | 1 | $0 |
Mr Jeff Perlman Treasurer | OfficerTrustee | 1 | $0 |
Ms Perre Coleman Magness Vice Chairman | OfficerTrustee | 1 | $0 |
Mr James E Harwood IV Chairman | OfficerTrustee | 2 | $0 |
Mr William Loveless Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $243,712 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,329,952 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,573,664 |
| Total Program Service Revenue | $1,123,119 |
| Investment income | $192,619 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,748 |
| Net Income from Fundraising Events | -$1,257 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,916,893 |
| 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. | $80,279 |
| Compensation of current officers, directors, key employees. | $20,873 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,339,842 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $176,948 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $150,308 |
| Advertising and promotion | $6,710 |
| Office expenses | $108,710 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,735 |
| 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 | $19,366 |
| Insurance | $17,886 |
| All other expenses | $0 |
| Total functional expenses | $1,957,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $702,136 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $76,550 |
| 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 | $12,664 |
| Net Land, buildings, and equipment | $1,362,428 |
| Investments—publicly traded securities | $1,885,479 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,726 |
| Total assets | $4,064,983 |
| Accounts payable and accrued expenses | $79,572 |
| 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 | $79,572 |
| Net assets without donor restrictions | $3,948,942 |
| Net assets with donor restrictions | $36,469 |
| 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 | $4,064,983 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Harwood Center Inc has recieved totaling $113,130.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $63,000 |
United Way Of The Mid-South Memphis, TN PURPOSE: SEE SCH O | $25,130 |
T W Briggs Foundation Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $15,000 |
The Urban Child Institute Memphis, TN PURPOSE: PROGRAM SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $1,818,579 |
| Earnings | -$327,473 |
| Ending Balance | $1,491,106 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harwood Center Inc Memphis, TN | $4,064,983 | $2,916,893 |
National Down Syndrome Congress Roswell, GA | $533,990 | $732,155 |
Down Syndrome Association Of Greater St Louis Saint Louis, MO | $1,288,297 | $641,765 |
Down Syndrome Association Of Middle Tennessee Hermitage, TN | $522,901 | $544,904 |
Barclay Downs Swim & Racquet Club Inc Charlotte, NC | $1,611,831 | $500,979 |
Downs Syndrome Association Of Greater Richmond Inc Richmond, VA | $450,527 | $389,056 |
Down Syndrome Association Of Northern Virginia Oakton, VA | $404,197 | $269,507 |
Down Syndrome Association Of Greater Charlotte Charlotte, NC | $457,544 | $352,182 |
Down Syndrome Association Of Central Kentucky Inc Lexington, KY | $327,788 | $253,838 |
Downside Up Hixson, TN | $15,712 | $0 |
Angels In Disguise Inc Louisville, KY | $54,472 | $59,513 |
Down Country Taylor, MO | $42,792 | $38,239 |