Harold Family Foundation Inc
- Assets
- $1.8m
- Revenue
- $163.9k
- Investments
- $1.8m
- Employees
- 0
- Location
- Cutchogue, NY
- Founding
- 02/2020
- Data as of
- 09/2023
- EIN
- 83-2884994
Organization Overview
Harold Family Foundation Inc is located in Cutchogue, NY. The organization was established in 2020. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. Harold Family Foundation 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 09/2023, Harold Family Foundation Inc generated $163.9k 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 (15.2%) each year. All expenses for the organization totaled $157.1k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Harold Family Foundation Inc has awarded 27 individual grants totaling $463,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATIONS ACTIVITIES CONSIST OF MAINTAINING A PORTFOLIO SO AS TO MAKE GRANTS TO ORGANIZATIONS QUALIFYING AS IRS SEC 501 C 3 ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter J Harold President | 6 | $0 | |
Erica Harold Treasurer | 6 | $0 | |
Siobhan Harold-Fink Vice President | 6 | $0 | |
Peter Harold Secretary | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $82,604 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $81,308 |
| Capital Gain Net Income | $81,308 |
| Net ST Capital Gain | $2,345 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $163,912 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $179 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,883 |
| Total operating and administrative expenses | $7,062 |
| Contributions, gifts, grants paid | $150,000 |
| Total expenses and disbursements | $157,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,761 |
| 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 | $1,813,391 |
| Accounts payable and accrued expenses | $2,278 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $3,860 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,138 |
Grants Awarded
Over the last fiscal year, Harold Family Foundation Inc has awarded $150,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CAST PURPOSE: GENERAL | $5,000 |
CUTCHOGUE NEW SUFFOLK FREE LIBRARY PURPOSE: GENERAL | $5,000 |
CUTCHOGUE-NEW SUFFOLK HISTORICAL SO PURPOSE: GENERAL | $5,000 |
SOUTHOLD HISTORICAL MUSEUM PURPOSE: GENERAL | $5,000 |
ST FRANCIS HOSPITAL FOUNDATION PURPOSE: GENERAL | $130,000 |