Pearl M & Julia J Harmon Foundation
- Assets
- $57.0m
- Revenue
- $3.3m
- Investments
- $3.7m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 11/1963
- Data as of
- 05/2023
- EIN
- 73-6095893
Organization Overview
Pearl M & Julia J Harmon Foundation is located in Tulsa, OK. The organization was established in 1963. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Pearl M & Julia J Harmon 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 05/2023, Pearl M & Julia J Harmon Foundation generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $702.7k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Pearl M & Julia J Harmon Foundation has awarded 15 individual grants totaling $110,343. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION AND MAINTENANCE - PROVIDE CONSTRUCTION ASSISTANCE AND MAINTENANCE SERVICES TO THE NOWATA CITY-COUNTY LIBRARY TULSA CITY-COUNTY LIBRARY GRAND LAKE MENTAL HEALTH CENTER NOWATA CITY SCHOOLS
HARMON COMMUNITY CENTER LIBRARY IN NOWATA FACILITIES
TULSA LIBRARY LITERACY OUTREACH AND VOLUNTEER CENTER FACILITIES
GRAND MENTAL HEALTH FACILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George L Hangs Exec Dir & Tty | 40 | $88,910 | |
C K Owens Off Mgr & Tty | 40 | $67,349 | |
Julia Hangs Legal & Tty | 40 | $66,567 | |
G E Holmes Tty | 0.2 | $3,300 | |
Cathey Frederick Tty | 0.2 | $3,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $687,194 |
| Dividends & Interest | $369,366 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,542 |
| Capital Gain Net Income | $26,542 |
| Net ST Capital Gain | $1 |
| Income Modifications | $1,715,829 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,251,878 |
| Total Revenue | $3,334,980 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $229,426 |
| Other employee salaries and wages | $82,813 |
| Pension plans, employee benefits | $126,470 |
| Interest | $364 |
| Taxes | $68,206 |
| Depreciation | $688 |
| Occupancy | $13,374 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75,035 |
| Total operating and administrative expenses | $618,941 |
| Contributions, gifts, grants paid | $83,748 |
| Total expenses and disbursements | $702,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,719 |
| Savings and temporary cash investments | $24,397,716 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| 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 | $82,659 |
| Other assets | $28,708,570 |
| Total assets | $56,959,288 |
| Accounts payable and accrued expenses | $7 |
| 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 | $7 |
Grants Awarded
Over the last fiscal year, Pearl M & Julia J Harmon Foundation has awarded $83,748 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF NOWATA PURPOSE: AMBULANCE PURCHASE | $73,248 |
DELAWARE UNITED METHODIST CHURCH PURPOSE: UNRESTRICTED GRANT | $5,000 |
CITY OF NOWATA PURPOSE: 2023 FIREWORKS | $3,000 |
HOW FOUNDATION PURPOSE: UNRESTRICTED GRANT | $2,500 |