Harwood Center Inc
- Assets
- $4.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 54
- Location
- Memphis, TN
- Founding
- 07/1981
- Data as of
- 06/2023
- 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 06/2023, Harwood Center Inc employed 54 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 06/2023, Harwood Center Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $2.2m during the year ending 06/2023. While expenses have increased by 6.0% per year over the past 8 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
2023
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, AGE 18 MONTHS TO 6 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 |
|---|---|---|---|
Jeff Perlman Chairman | OfficerTrustee | 1 | $0 |
James E Harwood IV Board Member | Trustee | 2 | $0 |
Stephen Hall Vice Chairman | OfficerTrustee | 1 | $0 |
Perre Magnes Board Member | Trustee | 1 | $0 |
Alice Trottman Secretary | OfficerTrustee | 1 | $0 |
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 | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $251,140 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $251,140 |
| Total Program Service Revenue | $1,403,517 |
| Investment income | $34,912 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,186 |
| Net Income from Fundraising Events | -$5,068 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,725,687 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,513,317 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $209,891 |
| 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 | $9,425 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,585 |
| Office expenses | $50,378 |
| Information technology | $18,396 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $91,055 |
| Insurance | $27,220 |
| All other expenses | $10,192 |
| Total functional expenses | $2,196,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $297,072 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $59,294 |
| Accounts receivable, net | $26,146 |
| 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 | $3,378 |
| Net Land, buildings, and equipment | $1,307,685 |
| Investments—publicly traded securities | $2,151,589 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $635,705 |
| Total assets | $4,480,869 |
| Accounts payable and accrued expenses | $53,074 |
| 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 | $719,709 |
| Total liabilities | $772,783 |
| Net assets without donor restrictions | $3,681,940 |
| Net assets with donor restrictions | $26,146 |
| 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 | $4,480,869 |