Harbor Fund Inc
- Assets
- $2.7m
- Revenue
- $146.9k
- Investments
- $2.1m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 02/2018
- Data as of
- 12/2021
- EIN
- 82-2596941
Organization Overview
Harbor Fund Inc is located in Bethesda, MD. The organization was established in 2018. According to its NTEE Classification (T30) the organization is classified as: Public 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. Harbor Fund 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 12/2021, Harbor Fund Inc generated $146.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (26.6%) each year.
Since 2019, Harbor Fund Inc has awarded 82 individual grants totaling $1,713,000. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HARBOR FUND, INC. MAXIMIZES DONOR EFFECTIVENESS IN CREATING A HEALTHY AND JUST SOCIETY FULL OF OPPORTUNITY FOR YOUTH TO LEARN, GROW AND SUCCEED IN SUSTAINABLE CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HARBOR FUND, INC. SEEKS TO FACILITATE, SUPPORT AND INCREASE CHARITABLE ACTIVITIES IN THE AREAS INCLUDING, BUT NOT LIMITED TO, YOUTH EDUCATION AND DEVELOPMENT, SCIENCE TECHNOLOGY, ENGINEERING, AND MATHEMATICS ("STEM") EDUCATION, NUTRITION AND FOOD RESCUE/RECOVERY, INTEGRATIVE MEDICINE, CONSERVATION AND THE ARTS. DURING THE YEAR ENDED DECEMBER 31, 2021, HARBOR FUND, INC. FACILITATED AND PAID 33 GRANTS TO VARIOUS ORGANIZATIONS FOR PROJECTS OR PURPOSES MEETING THE AREAS OF CHARITABLE ACTIVITIES OUTLINED ABOVE TOTALING $677,700.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holli Rivera President And Executive Di | OfficerTrustee | 1 | $0 |
Russ Hargrove Secretary | OfficerTrustee | 1 | $0 |
Essi Egbeto Treasurer | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $58,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $88,648 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $146,912 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $677,700 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,121 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,022 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $41 |
| Information technology | $0 |
| 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 | $0 |
| Insurance | $1,823 |
| All other expenses | $82 |
| Total functional expenses | $717,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,743 |
| Savings and temporary cash investments | $16,648 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $567,576 |
| Investments—other securities | $2,065,826 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,653,793 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $2,653,204 |
| Net assets with donor restrictions | $589 |
| 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 | $2,653,793 |
Grants Awarded
Over the last fiscal year, Harbor Fund Inc has awarded $665,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: PROGRAM SUPPORT - NYC WORKFORCE DEVELOPMENT FUND | $100,000 |
New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
New York, NY PURPOSE: PROGRAM SUPPORT - OPTIONS CENTER | $40,000 |
New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
Bronx, NY PURPOSE: GENERAL OPERATING SUPPORT | $27,500 |
New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Harbor Fund Inc has recieved totaling $2,037,532.
| Awarding Organization | Amount |
|---|---|
Solon E Summerfield Foundation Inc Bethesda, MD PURPOSE: DONOR ADVISED FUND | $986,053 |
Solon E Summerfield Foundation Inc Bethesda, MD PURPOSE: DONOR ADVISED FUND | $986,053 |
Peter Alfond Foundation Bethesda, MD PURPOSE: COVID INITIATIVES | $65,426 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |