Harnum Family Foundation
- Assets
- $362.3k
- Revenue
- $6.8k
- Investments
- $349.0k
- Employees
- 0
- Location
- Bangor, ME
- Founding
- 10/2018
- Data as of
- 12/2023
- EIN
- 83-1402866
Organization Overview
Harnum Family Foundation is located in Bangor, ME. The organization was established in 2018. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Harnum Family 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 12/2023, Harnum Family Foundation generated $6.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (36.6%) each year. All expenses for the organization totaled $24.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard B Harnum Jr Trustee | 0.1 | $0 | |
Keeley Harnum Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,806 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$976 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,830 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $119 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,424 |
| Contributions, gifts, grants paid | $19,600 |
| Total expenses and disbursements | $24,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,558 |
| Savings and temporary cash investments | $9,749 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $362,312 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Harnum Family Foundation has awarded $19,600 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
LITERACY VOLUNTEERS OF BANGOR PURPOSE: GENERAL SUPPORT | $500 |
HUSSON UNIVERSITY PURPOSE: GENERAL SUPPORT | $3,000 |
REEDS BROOK MIDDLE SCHOOL PURPOSE: GENERAL SUPPORT | $100 |
SARAH'S HOUSE PURPOSE: GENERAL SUPPORT | $5,000 |
PENOBSCOT COMMUNITY HEALTH CARE PURPOSE: GENERAL SUPPORT | $1,000 |
HEART OF MAINE UNITED WAY PURPOSE: GENERAL SUPPORT | $5,000 |