Civic Intelligence

Harmony Institute Inc

990 • Fiscal year 2018 • EIN 26-2506162

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 07, 2019

311 West 43rd Street - 12th FloorNew York, NY 10036

(212) 966-7606

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

62nd percentile

0.12x

Higher debt load relative to assets than 62% of similar nonprofits.

2018 filings • NTEE A • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

38th percentile

0.04x

Higher debt load relative to revenue than 38% of similar nonprofits.

2018 filings • NTEE A • $1M-$5M nonprofits • Source year 2018

Net Margin

9th percentile

-38%

Higher net margin than 9% of similar nonprofits.

2018 filings • NTEE A • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

99th percentile

$336,752

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

2018 filings • NTEE A • $1M-$5M nonprofits • Source year 2018

Asset Growth

1st percentile

-50%

Faster asset growth than 1% of similar nonprofits.

2018 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

53rd percentile

6.8%

Faster revenue growth than 53% of similar nonprofits.

2018 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$781,698

Down $789,079 (-50%) from 2017

Net Assets

Down

$684,183

Down $792,973 (-54%) from 2017

Liabilities

Up

$97,515

Up $3,894 (+4.2%) from 2017

Revenue

Up

$2,410,876

Up $153,621 (+6.8%) from 2017

Expenses

Up

$3,333,828

Up $1,436,699 (+76%) from 2017

Net Income

Down

-$922,952

Down $1,283,078 (-356%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0-$5.0MAssets 2010: $176,102Liabilities 2010: $5,000Net Assets 2010: $171,1022010Assets 2011: $206,854Liabilities 2011: $12,103Net Assets 2011: $194,7512011Assets 2012: $162,496Liabilities 2012: $43,097Net Assets 2012: $119,3992012Assets 2013: $51,582Liabilities 2013: $33,986Net Assets 2013: $17,5962013Assets 2014: $37,335Liabilities 2014: $95,749Net Assets 2014: -$58,4142014Assets 2015: $290,064Liabilities 2015: $51,962Net Assets 2015: $238,1022015Assets 2016: $1,158,365Liabilities 2016: $41,335Net Assets 2016: $1,117,0302016Assets 2017: $1,570,777Liabilities 2017: $93,621Net Assets 2017: $1,477,1562017Assets 2018: $781,698Liabilities 2018: $97,515Net Assets 2018: $684,1832018Assets 2019: $1,567,990Liabilities 2019: $109,617Net Assets 2019: $1,458,3732019Assets 2020: $779,528Liabilities 2020: $372,016Net Assets 2020: $407,5122020Assets 2021: $1,565,051Liabilities 2021: $134,889Net Assets 2021: $1,430,1622021Assets 2022: $1,414,783Liabilities 2022: $158,189Net Assets 2022: $1,256,5942022Assets 2023: $828,877Liabilities 2023: $351,628Net Assets 2023: $477,2492023Assets 2024: $13,316,440Liabilities 2024: $190,673Net Assets 2024: $13,125,7672024

Highlighted filing

2018

Assets$781,698
Liabilities$97,515
Net Assets$684,183

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $225,6802010Expenses 2011: $350,3762011Expenses 2012: $457,8612012Revenue 2013: $568,004Expenses 2013: $669,807Net Income 2013: -$101,8032013Revenue 2014: $940,978Expenses 2014: $1,016,988Net Income 2014: -$76,0102014Revenue 2015: $2,018,840Expenses 2015: $1,722,324Net Income 2015: $296,5162015Revenue 2016: $2,420,423Expenses 2016: $1,541,495Net Income 2016: $878,9282016Revenue 2017: $2,257,255Expenses 2017: $1,897,129Net Income 2017: $360,1262017Revenue 2018: $2,410,876Expenses 2018: $3,333,828Net Income 2018: -$922,9522018Revenue 2019: $3,622,394Expenses 2019: $2,848,204Net Income 2019: $774,1902019Revenue 2020: $2,339,160Expenses 2020: $3,390,021Net Income 2020: -$1,050,8612020Revenue 2021: $4,701,199Expenses 2021: $3,631,674Net Income 2021: $1,069,5252021Revenue 2022: $3,895,727Expenses 2022: $4,069,295Net Income 2022: -$173,5682022Revenue 2023: $3,396,262Expenses 2023: $4,175,607Net Income 2023: -$779,3452023Revenue 2024: $17,216,233Expenses 2024: $4,758,798Net Income 2024: $12,457,4352024

Highlighted filing

2018

Revenue$2,410,876
Expenses$3,333,828
Net Income-$922,952
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 7, 2019
Return Version
2018v3.1
Gross Receipts
$2,410,876
Mission and Program Overview

Mission

Harmony labs aims to promote and advance research and understanding of how media influence works within society and partners with relevant stakeholders, including research, industry and media practicioners to address knowledge gaps and to experiment with and develop solutions that have positive social outcomes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$397,649-
Cash and Non-Interest-Bearing Accounts$1,324,472$216,908▼ $1,107,564
Pledges and Grants Receivable$127,192--
Land, Buildings, and Equipment, Net$58,625$50,234▼ $8,391
Accounts Receivable-$28,422-
Prepaid Expenses and Deferred Charges$488$8,735▲ $8,247
Total Assets$1,570,777$781,698▼ $789,079
Other Assets Total$60,000$79,750▲ $19,750
Liabilities
Accounts Payable and Accrued Expenses$93,621$97,515▲ $3,894
Total Liabilities$93,621$97,515▲ $3,894
Net Assets / Fund Balance
Unrestricted Net Assets$1,477,156$534,183▼ $942,973
Temporarily Rstr Net Assets-$150,000-
Total Net Assets Fund Balance$1,477,156$684,183▼ $792,973
Total Liabilities and Net Assets / Fund Balance$1,570,777$781,698▼ $789,079

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19,162$18,008$37,170
Leasehold Improvements$9,761$25,247$35,008
Other Land Buildings$21,311$6,956$28,267
Other Assets Org$79,750--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brian WaniewskiExecutive DirectorFT$263,023$73,729$336,752
H P JohnsonMarcomm DirectorFT$152,225$24,305$176,530
Elizabeth StewartManaging Director - AcceleratorFT$147,899$7,403$155,302
Melissa EllamilData ScientistFT$104,986$16,735$121,721
Sayed Azver HussainTech.prgm. Mng.directorFT$103,389$7,822$111,211

Board Members and Trustees

NameTitle
John S JohnsonChairman
Adam WolfensohnDirector
Charles MelcherDirector
Jonah PerettiDirector
Matthew BarzunDirector
Emma CanarickSecretary
Jed AlpertTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Jesse KnightTechnology Consultant1 NORTH 4TH PLACE APT 32I, Brooklyn, NY 11249$202,855
Revenue and Support

Revenue Composition

Contributions and Grants
$2,305,309
Program Service Revenue
$65,991
Investment Income
$0
Other Revenue
$39,576
All Other Contributions
$2,305,309
Change in Net Assets
$-922,952

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,410,876
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,410,876
Total Revenue per Form 990
$2,410,876
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,493,666
Other Expenses$1,481,887
Grants and Similar Amounts Paid$358,275
Total Fundraising Expense$253,788
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$783,643$144,731$13,539$941,913
Fees for Services Other$658,178$31,086-$689,264
Grants to Domestic Orgs$358,275--$358,275
Current Officers, Directors, Trustees, and Key Employees$101,026$33,675$202,051$336,752
Occupancy$219,412$65,571$17,654$302,637
Other Employee Benefits$83,397$15,523$3,206$102,126
Payroll Taxes$61,199$12,229$13,524$86,952
Fees for Services Legal$74,025$8,225-$82,250
Conferences and Meetings$57,732$21,982-$79,714
Information Technology$28,205$17,423-$45,628
Fees for Services Accounting-$27,078-$27,078
Pension Plan Contributions$22,007$3,916-$25,923
Depreciation Depletion$17,257$3,448$3,814$24,519
Office Expenses$7,431$1,858-$9,289
Insurance-$2,892-$2,892
Other Expenses$70,525$1,437-$1,437
Total Functional Expenses$2,685,307$394,733$253,788$3,333,828

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,333,828
Total Expenses per Audited Statements$3,333,828
Total Expenses per Form 990$3,333,828
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Impact Assets IncBethesda, MD501(c)(3)To Establish Donor Advised Fund for Accelerator Program Investments$358,275
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared by the organization's independent accountants, and is reviewed by the organization's business manager and executive director. A copy of the form 990 is provided to all officers and directors before the return is filed.

Form 990, Part VI, Section B, Line 12C

Purusant to the organization's conflict of interest policy, each director shall complete a conflict of interest questionnaire prior to becoming a director and annually thereafter. Each officer or key person shall complete a conflict of interest questionnaire when assuming the relevant position and annually thereafter. Each director, officer, or key person shall promptly advise the secretary or designated compliance officer of any changes to the information provided in that individual's last completed conflict of interest questionnaire. If during the course of a board of directors or any committee meeting, discussion, or deliberation any actual or potential conflict of interest or related party transaction becomes apparent to a board of directors or any committee member, the individual must disclose such actual or potential conflict to the board of directors or the committee. If another director or any committee member becomes aware of any actual or potential conflict of interest or related party transaction, he or she shall disclose such conflict if the conflicted board of directors or committee member is absent. In both cases, such disclosure shall be made a matter of record. Once a related party transaction is identified, the individual who identified the related party transaction shall complete a related party transaction review request and submit the form to the secretary or designated compliance officer. Upon receipt of a related party transaction review request, the secretary or designated compliance officer shall convene a meeting of the board of directors to review the related party transaction before it is entered into by the corporation. The board of directors shall review the related party transaction to confirm that it is fair, reasonable and in the corporation's best interests to enter into the transaction. The board of directors shall utilize the following process to approve transactions subject to this policy: (a) the board of directors must approve in advance the related party transaction. Any member of the board of directors who has a financial interest in the transaction may not participate in the vote, nor may he or she be present during voting or deliberations. (b) the board of directors must make its decision in reliance on appropriate data as to comparable arrangements to the extent they are available. (c) the board of directors must adequately document its decision and deliberations in the corporate records. A potential conflict of interest should be disclosed as it arises for consideration by the board of directors, a committee or individuals reviewing the matter to determine whether a conflict of interest exists and whether the individual should be recused from deliberations and voting. If the board of directors or a committee determines that a conflict of interest exists, then the individual with the conflict of interest may not participate in the vote, nor may he or she be present during voting or deliberations on the matter. The board of directors or a committee should also adequately document its decision and deliberations in the corporate records. Directors or committee members who must leave a meeting due to a conflict of interest or related party transaction shall be deemed present for voting purposes regardless of whether the individual returns to the meeting.

Form 990, Part VI, Section B, Line 15

Approval of compensation: the board of directors must approve in advance the amount of all compensation to be paid to an officer. Before approving such compensation, the board shall determine that the total compensation to be provided by the corporation to the officer is reasonable in amount in light of the position, responsibility and qualification of the individual for the position, including the result of an evaluation of the individual's prior performance for the corporation, if applicable. In making the determination, the board shall consider total compensation to include the salary and the value of all benefits provided by the corporation to the individual in payment for services. At the time of the board's deliberation or vote concerning an officer's compensation, such officer shall not be present. The board may request that the officer provide information as background or answer questions at a board meeting prior to start of deliberations or voting on the compensation. Documentation of approval:the board shall set forth the basis for its decisions with respect to compensation in the minutes of the meeting at which the decisions are made, including the conclusions of the evaluation and the basis for determining that the individual's compensation was reasonable in light of the evaluation and the comparability data.

Form 990, Part VI, Section C, Line 19

These documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Harmony Labs Inc
EIN
26-2506162
Phone
2129667606
Address
311 WEST 43RD STREET - 12TH FLOOR, NEW YORK, NY 10036

Signing Officer

Name
Brian Waniewski
Title
Executive Director
Phone
2129667606
Signed
2019-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Waniewski
Formed
2008
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
7
Employees
14
Volunteers
7

Preparer

Firm
Lutz and Carr Cpas Llp
Address
551 FIFTH AVENUE SUITE 400, NEW YORK, NY 10176
Preparer
Frederick Martens
Phone
2126972299
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Harmony labs identified a need for (1) better access to proprietary industry data; (2) augmented analytic capabilities on the "cutting edge" of what is possible in data science, machine learning, artificial intelligence (ai) and other emerging technical domains; and (3) a stronger practitioner community to complement the researcher networks already connected to harmony. These have helped harmony more effectively pursue its mission to understand media influence at scale, and to experiment with using media to support an open, resilient democratic society, and, more specifically, to more rapidly address issues of immediate public importance, such as media systems vulnerable to manipulation, the spread of disinformation, and the polarization of civic discourse. To answer this need, harmony created an accelerator program (the "accelerator"). The accelerator is operated through a wholly owned limited liability company of harmony, and it works to support specific projects of organizations working in the media space (both for-profit and nonprofit) that further harmony's charitable goals, including through data generation and the development of analytic tools and predictive models.

Form 990, Part IX, Line 11G

Technology consultants: program service expenses 331,886. Management and general expenses 0. Fundraising expenses 0. Total expenses 331,886. Payroll service fees: program service expenses 0. Management and general expenses 29,914. Fundraising expenses 0. Total expenses 29,914. Program consulting: program service expenses 54,841. Management and general expenses 0. Fundraising expenses 0. Total expenses 54,841. Design and communications production: program service expenses 117,536. Management and general expenses 0. Fundraising expenses 0. Total expenses 117,536. Other consultants and expenses: program service expenses 153,915. Management and general expenses 1,172. Fundraising expenses 0. Total expenses 155,087.

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IRS990/Form990PartVIISectionAGrp/PersonNm4MATTHEW BARZUN
IRS990/Form990PartVIISectionAGrp/PersonNm5CHARLES MELCHER
IRS990/Form990PartVIISectionAGrp/PersonNm6JONAH PERETTI
IRS990/Form990PartVIISectionAGrp/PersonNm7ADAM WOLFENSOHN
IRS990/Form990PartVIISectionAGrp/PersonNm8ELIZABETH STEWART
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8MANAGING DIRECTOR - ACCELERATOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9MARCOMM DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10TECH.PRGM. MNG.DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DATA SCIENTIST
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IRS990/MissionDesc0HARMONY LABS AIMS TO PROMOTE AND ADVANCE RESEARCH AND UNDERSTANDING OF HOW MEDIA INFLUENCE WORKS WITHIN SOCIETY AND PARTNERS WITH RELEVANT STAKEHOLDERS, INCLUDING RESEARCH, INDUSTRY AND MEDIA PRACTICIONERS TO ADDRESS KNOWLEDGE GAPS AND TO EXPERIMENT WITH AND DEVELOP SOLUTIONS THAT HAVE POSITIVE SOCIAL OUTCOMES.
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0HARMONY LABS INC. ("HL") QUALIFIES AS A PUBLICLY SUPPORTED ORGANIZATION BECAUSE IT MEETS THE 10% FACTS AND CIRCUMSTANCES TEST SET FORTH IN 1.170A-9(E)(3) OF THE TREASURY REGULATIONS. AN ORGANIZATION THAT FAILS TO MEET THE 33 1/3% PUBLIC SUPPORT TEST IS PUBLICLY SUPPORTED IF: (1) IT NORMALLY RECEIVES A SUBSTANTIAL PART OF ITS SUPPORT FROM GOVERNMENTAL UNITS, FROM CONTRIBUTIONS MADE DIRECTLY OR INDIRECTLY BY THE GENERAL PUBLIC, OR FROM A COMBINATION OF THESE SOURCES; (2) IT IS ORGANIZED AND OPERATED SO AS TO ATTRACT NEW AND ADDITIONAL PUBLIC OR GOVERNMENTAL SUPPORT ON A CONTINUOUS BASIS; AND (3) IT IS IN THE NATURE OF A PUBLICLY SUPPORTED ORGANIZATION, TAKING INTO CONSIDERATION CERTAIN FACTS AND CIRCUMSTANCES. AMONG THE FACTORS TO BECONSIDERED ARE WHETHER THE ORGANIZATION HAS A GOVERNING BODY THAT IS REPRESENTATIVE OF THE BROAD INTERESTS OF THE PUBLIC, THE PERCENTAGE OF THE ORGANIZATION'S PUBLIC SUPPORT ABOVE THE 10% THRESHOLD, THE SOURCES OF THEORGANIZATION'S SUPPORT,AND THE AVAILABILITY OF THE ORGANIZATION'S FACILITIES OR SERVICES TO THE GENERAL PUBLIC.1. SUBSTANTIAL SUPPORT FROM THE GENERAL PUBLIC. AN ORGANIZATION IS TREATED AS NORMALLY RECEIVING A SUBSTANTIAL AMOUNT OF GOVERNMENTAL OR PUBLIC SUPPORT IF THE TOTAL AMOUNT OF GOVERNMENTAL AND PUBLIC SUPPORT NORMALLY RECEIVED EQUALS AT LEAST 10% OF THE TOTAL SUPPORT NORMALLY RECEIVED BY THE ORGANIZATION. FOR THE FIVE-YEAR PERIOD FROM 2014 THROUGH 2018, HL RECEIVED 10.50% OF ITS TOTAL SUPPORT FROM CONTRIBUTIONS MADE BY THE GENERAL PUBLIC.2. ATTRACTION OF PUBLIC SUPPORT. TO SATISFY THE 10% FACTS AND CIRCUMSTANCES TEST, AN ORGANIZATION "MUST BE SO ORGANIZED AND OPERATED AS TO ATTRACT NEW AND ADDITIONAL PUBLIC OR GOVERNMENTAL SUPPORT ON A CONTINUOUS BASIS." TREAS. REG. 1.170A-9(E)(3)(II). THE TREASURY REGULATIONS PROVIDE THAT AN ORGANIZATION WILL BE CONSIDERED TO MEET THIS REQUIREMENT IF IT MAINTAINS A CONTINUOUS AND BONA FIDEPROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC OR COMMUNITY, OR IF IT CARRIES ON ACTIVITIES DESIGNED TO ATTRACT SUPPORT FROM GOVERNMENTAL UNITS OR OTHER PUBLIC CHARITIES. IN DETERMINING WHETHER AN ORGANIZATION MAINTAINS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC OR COMMUNITY, CONSIDERATION IS TO BE GIVEN TO WHETHER THE SCOPE OF THE ORGANIZATION'S FUND-RAISING ACTIVITIES IS REASONABLE IN LIGHT OF ITS CHARITABLE ACTIVITIES. TO DATE, HL HAS BEEN FOCUSED PRIMARILY ON ITS CHARITABLE MISSION AND OPERATIONS. HL'S DEVELOPMENT STAFF DUTIES AND RESPONSIBILITIES INCLUDE PURSUING TRADITIONAL SOURCES OF SUPPORT FOR THE ORGANIZATION'S OPERATIONS AND CHARITABLE ACTIVITIES (SUCH AS FOUNDATION AND CORPORATION GRANTS AND CONTRIBUTIONS FROM THE GENERAL PUBLIC) AND WORKING WITH STAFF AND THE BOARD OF DIRECTORS (THE "BOARD") TO DEVELOP AN INDIVIDUAL MAJOR GIFT CAMPAIGN. IN ADDITION, HL SOLICITS INDIVIDUAL DONATIONS THROUGH A LINK ON ITS WEBSITE HTTP://HARMONYLABS.ORG). ACCORDINGLY, HL IS CLEARLY "SO ORGANIZED AND OPERATED AS TO ATTRACT NEW AND ADDITIONAL PUBLIC OR GOVERNMENTAL SUPPORT ON A CONTINUOUS BASIS," AS EQUIRED BY TREAS. REG. 1.170A-9(E)(3)(II).3. COMMUNITY BOARD. THE FACT THAT AN ORGANIZATION HAS A GOVERNING BODY WHICH REPRESENTS THE BROAD INTERESTS OF THE PUBLIC, RATHER THAN THE PERSONAL OR PRIVATE INTERESTS OF A LIMITED NUMBER OF DONORS (OR PERSONS STANDING IN A RELATIONSHIP TO SUCH DONORS WHICH IS DESCRIBED IN SECTION 4946(A)(1)(C) THROUGH (A)(1)(G) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED) WILL BE CONSIDERED EVIDENCE OF AN ORGANIZATION BEING PUBLICLY SUPPORTED. HL'S BOARD CONSISTS OF CIVIC AND COMMUNITYLEADERS WHO ARE BROADLY REPRESENTATIVE OF THE COMMUNITY WITHIN THE MEANING OF TREAS. REG. 1.170A-9(E)(3)(V), AMONG THEM THE MANAGING DIRECTOR OF AN INVESTMENT FIRM, AN INTERNET ENTREPRENEUR, THE FOUNDER OF AN INDEPENDENT BOOK PACKAGER AND PUBLISHER, A FOUNDATION PROGRAM OFFICER AND ONE OF THE FOREMOST AUTHORITIES ON MOBILE COMMUNICATIONS STRATEGY. THROUGH THEIR VARIED BACKGROUNDS AND EXPERTISE, THE MEMBERS OF TH
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO ESTABLISH DONOR ADVISED FUND FOR ACCELERATOR PROGRAM INVESTMENTS
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0HARMONY LABS OPERATES AN ACCELERATOR PROGRAM TO PROMOTE AND SUPPORT PROMISING, EARLY-STAGE MEDIA AND TECHNOLOGY ENTITIES AND VENTURES THAT HAVE THE POTENTIAL TO MAKE IMPORTANT CONTRIBUTIONS TOWARD THE ACHIEVEMENT OF HARMONY LABS' CHARITABLE AND EDUCATIONAL MISSION THROUGH IMPACT INVESTMENTS, TECHNICAL ADVICE, AND OTHER SUPPORT TO THESE ENTITIES AND VENTURES. HARMONY LABS MAKES ITS ACCELERATOR PROGRAM IMPACT INVESTMENTS THROUGH A DONOR ADVISED FUND HARMONY LABS HAS ESTABLISHED AT IMPACT ASSETS, INC. ("IMPACT ASSETS"), WHICH SERVES AS A SPONSORING ORGANIZATION FOR DONOR ADVISED FUNDS FOCUSED SPECIFICALLY ON SOCIALLY RESPONSIBLE IMPACT INVESTING AND RELATED FIELD BUILDING ACTIVITIES. PRIOR TO MAKING AN IMPACT INVESTMENT RECOMMENDATION TO IMPACT ASSETS, HARMONY LABS CONDUCTS THOROUGH DUE DILIGENCE ON THE PROPOSED RECIPIENT OF SUCH INVESTMENT. TO DATE, HARMONY LABS HAS RECOMMENDED THREE IMPACT INVESTMENTS, AND THROUGH ITS DUE DILIGENCE PROCESS, HAS DETERMINED THAT THE RECIPIENTS' MISSIONS ARE CONSISTENT AND ALIGNED WITH THE MISSION AND EXEMPT PURPOSE OF HARMONY LABS. HARMONY LABS ALSO MONITORS THE STATUS AND PROGRESS OF ITS IMPACT INVESTMENTS THROUGH THE INVESTMENT RECIPIENTS' PARTICIPATION IN HARMONY LABS' ACCELERATOR PROGRAM, AND THROUGH THE ANNUAL IMPACT AND FINANCIAL REPORTS (AUDITED WHERE POSSIBLE) THAT HARMONY LABS RECEIVES FROM IMPACT ASSETS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd01
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IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.3$0.19$13.1$17.2$4.76$12.5
2023Detailed filing. Detailed filing data is available for this year.$0.83$0.35$0.48$3.40$4.18$0.78
2022Detailed filing. Detailed filing data is available for this year.$1.41$0.16$1.26$3.90$4.07$0.17
2021Detailed filing. Detailed filing data is available for this year.$1.57$0.13$1.43$4.70$3.63$1.07
2020Detailed filing. Detailed filing data is available for this year.$0.78$0.37$0.41$2.34$3.39$1.05
2019Detailed filing. Detailed filing data is available for this year.$1.57$0.11$1.46$3.62$2.85$0.77
2018Detailed filing. Detailed filing data is available for this year.$0.78$0.10$0.68$2.41$3.33$0.92
2017Detailed filing. Detailed filing data is available for this year.$1.57$0.09$1.48$2.26$1.90$0.36
2016Detailed filing. Detailed filing data is available for this year.$1.16$0.04$1.12$2.42$1.54$0.88
2015Detailed filing. Detailed filing data is available for this year.$0.29$0.05$0.24$2.02$1.72$0.30
2014Detailed filing. Detailed filing data is available for this year.$0.04$0.10$0.06$0.94$1.02$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.05$0.03$0.02$0.57$0.67$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.04$0.12$0.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.01$0.19$0.35
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.01$0.17$0.23