Civic Intelligence

Harbor Community Benefit Foundation

990 • Fiscal year 2021 • EIN 45-2487333

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 07, 2022

302 W 5th Street Ste 300San Pedro, CA 90731

(310) 997-7116

Siviq Scores

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

Liabilities / Assets

84th percentile

0.44x

Higher debt load relative to assets than 84% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

81st percentile

0.36x

Higher debt load relative to revenue than 81% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

69th percentile

26%

Higher net margin than 69% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

92nd percentile

$124,800

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 15.3% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

85th percentile

56%

Faster asset growth than 85% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

84th percentile

89%

Faster revenue growth than 84% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$670,814

Up $241,276 (+56%) from 2020

Net Assets

Up

$378,199

Up $213,078 (+129%) from 2020

Liabilities

Up

$292,615

Up $28,198 (+11%) from 2020

Revenue

Up

$815,839

Up $383,677 (+89%) from 2020

Expenses

Up

$602,761

Up $76,121 (+14%) from 2020

Net Income

Up

$213,078

Up $307,556 (+326%) from 2020

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $130,475Liabilities 2011: $9,0552011Assets 2012: $768,174Liabilities 2012: $219,541Net Assets 2012: $548,6332012Assets 2013: $1,576,121Liabilities 2013: $760,016Net Assets 2013: $816,1052013Assets 2014: $1,197,952Liabilities 2014: $358,753Net Assets 2014: $839,1992014Assets 2015: $959,186Liabilities 2015: $195,672Net Assets 2015: $763,5142015Assets 2016: $925,906Liabilities 2016: $125,106Net Assets 2016: $800,8002016Assets 2017: $954,849Liabilities 2017: $350,079Net Assets 2017: $604,7702017Assets 2018: $465,963Liabilities 2018: $10,905Net Assets 2018: $455,0582018Assets 2019: $780,715Liabilities 2019: $521,116Net Assets 2019: $259,5992019Assets 2020: $429,538Liabilities 2020: $264,417Net Assets 2020: $165,1212020Assets 2021: $670,814Liabilities 2021: $292,615Net Assets 2021: $378,1992021Assets 2022: $709,268Liabilities 2022: $466,010Net Assets 2022: $243,2582022Assets 2023: $393,779Liabilities 2023: $64,358Net Assets 2023: $329,4212023Assets 2024: $899,118Liabilities 2024: $2,261Net Assets 2024: $896,8572024

Highlighted filing

2021

Assets$670,814
Liabilities$292,615
Net Assets$378,199

Operations Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2011: $137,577Expenses 2011: $16,157Net Income 2011: $121,4202011Revenue 2012: $1,217,940Expenses 2012: $790,727Net Income 2012: $427,2132012Revenue 2013: $1,797,893Expenses 2013: $1,530,421Net Income 2013: $267,4722013Revenue 2014: $1,621,991Expenses 2014: $1,598,897Net Income 2014: $23,0942014Revenue 2015: $1,583,155Expenses 2015: $1,658,840Net Income 2015: -$75,6852015Revenue 2016: $1,659,364Expenses 2016: $1,622,078Net Income 2016: $37,2862016Revenue 2017: $435,590Expenses 2017: $631,620Net Income 2017: -$196,0302017Revenue 2018: $900,011Expenses 2018: $1,049,721Net Income 2018: -$149,7102018Revenue 2019: $922,295Expenses 2019: $1,117,754Net Income 2019: -$195,4592019Revenue 2020: $432,162Expenses 2020: $526,640Net Income 2020: -$94,4782020Revenue 2021: $815,839Expenses 2021: $602,761Net Income 2021: $213,0782021Revenue 2022: $705,831Expenses 2022: $840,772Net Income 2022: -$134,9412022Revenue 2023: $2,200,050Expenses 2023: $2,304,987Net Income 2023: -$104,9372023Revenue 2024: $242,171Expenses 2024: $2,407,590Net Income 2024: -$2,165,4192024

Highlighted filing

2021

Revenue$815,839
Expenses$602,761
Net Income$213,078
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 7, 2022
Return Version
2021v4.1
Gross Receipts
$815,839
Mission and Program Overview

Mission

The mission of the foundation is to carry out public benefit projects that assess, protect, and improve public health, quality of life and the natural environment, including but not limited to noise mitigation, air quality, health care, workforce development, land use, and community benefit programs.

SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$402,309$351,747▼ $50,562
Savings and Temporary Cash Investments$23,929$313,938▲ $290,009
Prepaid Expenses and Deferred Charges$3,300$5,129▲ $1,829
Total Assets$429,538$670,814▲ $241,276
Liabilities
Grants Payable-$271,050-
Accounts Payable and Accrued Expenses$264,417$21,565▼ $242,852
Total Liabilities$264,417$292,615▲ $28,198
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$60,881$314,803▲ $253,922
Net Assets With Donor Restrictions$104,240$63,396▼ $40,844
Total Net Assets Fund Balance$165,121$378,199▲ $213,078
Total Liabilities and Net Assets / Fund Balance$429,538$670,814▲ $241,276
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Meghan ReeseExecutive DirectorFT$120,000$4,800$124,800

Board Members and Trustees

NameTitle
Gisele FongBoard President
Gabriela MedinaVice President
Charlene ContrerasDirector
Jayme WilsonDirector
Magali Sanchez-hallDirector
Ed AvolSecretary
Richard HavenickTreasurercfo
Revenue and Support

Revenue Composition

Contributions and Grants
$815,827
Program Service Revenue
$0
Investment Income
$12
Other Revenue
$0
Change in Net Assets
$213,078

Audited Revenue Reconciliation

Revenue per Audited Statements
$815,839
Total Revenue per Audited Statements
$815,839
Total Revenue per Form 990
$815,839
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$290,831
Salaries, Compensation, and Employee Benefits$225,779
Other Expenses$86,151
Total Fundraising Expense$5,530
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$290,831--$290,831
Current Officers, Directors, Trustees, and Key Employees$97,492$22,508-$120,000
Other Salaries and Wages$64,579$14,910-$79,489
Fees for Services Accounting$8,667$23,052$3,017$34,736
Fees for Services Other$5,650$15,028$1,966$22,644
Payroll Taxes$13,011$3,004-$16,015
Occupancy$9,909$1,748-$11,657
Pension Plan Contributions$6,361$1,468-$7,829
Fees for Services Legal$1,572$4,181$547$6,300
Office Expenses$4,335$840-$5,175
Insurance-$4,047-$4,047
Other Employee Benefits$1,987$459-$2,446
Advertising$1,353$239-$1,592
Total Functional Expenses$505,747$91,484$5,530$602,761

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$602,761
Total Expenses per Audited Statements$602,761
Total Expenses per Form 990$602,761
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
St Mary Medical CenterLong Beach, CA501c3Healthy Harbor Comm Initiative Grant$174,194
Memorial Medical CenterLong Beach, CA501c3Healthy Harbor Comm Initiative Grant$60,000
Buddhist Tzu Chi Medical FoundationAlhambra, CA501c3Healthy Harbor Comm Initiative Grant$35,000
American Cancer SocietyKennesaw, GA501c3Healthy Harbor Comm Initiative Grant$21,637
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 35% controlled entity
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The foundations audit committee will review the draft of the form 990 on behalf of the entire board and make a recommendation to approve the return as prepared. However, following the audit committees review, the return will be presented to the entire board for discussion before it is signed and filed with the irs.

Conflict of interest policy compliance Part VI line 12C

Legal counsel attends all public board meetings. As a matter of protocol, conflict of interest inquiries are made when a board vote is required to enter into contracts or recommend grant awards. Board members may volunteer information during board comments or before any regular agenda item, and will recuse themselves from any discussion of said action items.

CEO executive director top management comp Part VI line 15A

The board approves an operating budget each year, with a line item for payroll and benefits equal to a set amount. This amount includes the executive directors compensation package, which is set by the board. The executive director cannot make any changes to her compensation, but within the remaining payroll and benefits portion as allocated by the board, she has full discretion to determine who gets the remaining portions.

Other officer or key employee compensation Part VI line 15B

The board approves an operating budget each year, with a line item for payroll and benefits equal to a set amount.

Governing documents etc available to public Part VI line 19

These documents are available on the organizations website at http://hcbf.org/about/ and are available upon request.

Filing and Contact Details

Filer

Filer Name
Harbor Community Benefit Foundation
EIN
45-2487333
Address
302 W 5TH STREET STE 300, San Pedro, CA 90731

Signing Officer

Name
Meghan Reese
Title
Executive Direc
Phone
3109977116
Signed
2022-04-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gisele Fong
Formed
2011
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
7

Preparer

Firm
Mullins PC
Address
7625 Wisconsin Avenue, Bethesda, MD 20814
Preparer
John Mullins
Phone
2027706371
Supplemental Narrative

Additional Explanations

Part III response or note to any other line in Part III

Form 990, part i, line 1, description of organization mission:the mission of the foundation is to carry out public benefit projects that assess, protect, and improve public health, quality of life and the natural environment, including but not limited to noise mitigation, air quality, health care, workforce development, land use, and community benefit programs.

Part XII Response or note to any line in Part XIII

Form 990, part xii, line 2cthis process has not changed from the prior year.

Financial Statement Notes

Footnote for uncertain tax position under FIN 48 (Part X)

The Organization requires that a tax position be recognized or derecognized based on a morelikely-than-not threshold. This applies to positions taken or expected to be taken in a tax return. The Organization does not believe its financial statements include, or reflect, and uncertain tax positions. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the Organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Organization and various positions related to the potential sources of unrelated business taxable income (UBIT). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for at year end.The Organizations policy would be to recognize interest and penalties, if any, on tax positions related to its unrecognized tax benefits in income tax expense in the financial statements. No interest and penalties were assessed or recorded during the year.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization requires that a tax position be recognized or derecognized based on a morelikely-than-not threshold. This applies to positions taken or expected to be taken in a tax return. The Organization does not believe its financial statements include, or reflect, and uncertain tax positions. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the Organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Organization and various positions related to the potential sources of unrelated business taxable income (UBIT). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for at year end.The Organizations policy would be to recognize interest and penalties, if any, on tax positions related to its unrecognized tax benefits in income tax expense in the financial statements. No interest and penalties were assessed or recorded during the year.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Footnote for uncertain tax position under FIN 48 (Part X)
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Healthy Harbor Comm Initiative Grant
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Healthy Harbor Comm Initiative Grant
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Healthy Harbor Comm Initiative Grant
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Healthy Harbor Comm Initiative Grant
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Memorial Medical Center
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1St Mary Medical Center
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Buddhist Tzu Chi Medical Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3American Cancer Society
IRS990ScheduleI/RecipientTable/RecipientEIN0956105984
IRS990ScheduleI/RecipientTable/RecipientEIN1237153876
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IRS990ScheduleI/RecipientTable/RecipientEIN3131788491
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02801 Atlantic Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11050 Linden Avenue
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21008 S Garfield Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt33380 Chastain Meadows Parkway NW
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Long Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Long Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Alhambra
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Kennesaw
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATIONS AUDIT COMMITTEE WILL REVIEW THE DRAFT OF THE FORM 990 ON BEHALF OF THE ENTIRE BOARD AND MAKE A RECOMMENDATION TO APPROVE THE RETURN AS PREPARED. HOWEVER, FOLLOWING THE AUDIT COMMITTEES REVIEW, THE RETURN WILL BE PRESENTED TO THE ENTIRE BOARD FOR DISCUSSION BEFORE IT IS SIGNED AND FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LEGAL COUNSEL ATTENDS ALL PUBLIC BOARD MEETINGS. AS A MATTER OF PROTOCOL, CONFLICT OF INTEREST INQUIRIES ARE MADE WHEN A BOARD VOTE IS REQUIRED TO ENTER INTO CONTRACTS OR RECOMMEND GRANT AWARDS. BOARD MEMBERS MAY VOLUNTEER INFORMATION DURING BOARD COMMENTS OR BEFORE ANY REGULAR AGENDA ITEM, AND WILL RECUSE THEMSELVES FROM ANY DISCUSSION OF SAID ACTION ITEMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD APPROVES AN OPERATING BUDGET EACH YEAR, WITH A LINE ITEM FOR PAYROLL AND BENEFITS EQUAL TO A SET AMOUNT. THIS AMOUNT INCLUDES THE EXECUTIVE DIRECTORS COMPENSATION PACKAGE, WHICH IS SET BY THE BOARD. THE EXECUTIVE DIRECTOR CANNOT MAKE ANY CHANGES TO HER COMPENSATION, BUT WITHIN THE REMAINING PAYROLL AND BENEFITS PORTION AS ALLOCATED BY THE BOARD, SHE HAS FULL DISCRETION TO DETERMINE WHO GETS THE REMAINING PORTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD APPROVES AN OPERATING BUDGET EACH YEAR, WITH A LINE ITEM FOR PAYROLL AND BENEFITS EQUAL TO A SET AMOUNT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THESE DOCUMENTS ARE AVAILABLE ON THE ORGANIZATIONS WEBSITE AT HTTP://HCBF.ORG/ABOUT/ AND ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:THE MISSION OF THE FOUNDATION IS TO CARRY OUT PUBLIC BENEFIT PROJECTS THAT ASSESS, PROTECT, AND IMPROVE PUBLIC HEALTH, QUALITY OF LIFE AND THE NATURAL ENVIRONMENT, INCLUDING BUT NOT LIMITED TO NOISE MITIGATION, AIR QUALITY, HEALTH CARE, WORKFORCE DEVELOPMENT, LAND USE, AND COMMUNITY BENEFIT PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FORM 990, PART XII, LINE 2CTHIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part III response or note to any other line in Part III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part XII Response or note to any line in Part XIII
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.00$0.90$0.24$2.41$2.17
2023Detailed filing. Detailed filing data is available for this year.$0.39$0.06$0.33$2.20$2.30$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.71$0.47$0.24$0.71$0.84$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.67$0.29$0.38$0.82$0.60$0.21
2020Detailed filing. Detailed filing data is available for this year.$0.43$0.26$0.17$0.43$0.53$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.78$0.52$0.26$0.92$1.12$0.20
2018Detailed filing. Detailed filing data is available for this year.$0.47$0.01$0.46$0.90$1.05$0.15
2017Detailed filing. Detailed filing data is available for this year.$0.95$0.35$0.60$0.44$0.63$0.20
2016Detailed filing. Detailed filing data is available for this year.$0.93$0.13$0.80$1.66$1.62$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.96$0.20$0.76$1.58$1.66$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.20$0.36$0.84$1.62$1.60$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.58$0.76$0.82$1.80$1.53$0.27
2012Summary only. Only limited summary data is available for this year.$0.77$0.22$0.55$1.22$0.79$0.43
2011Summary only. Only limited summary data is available for this year.$0.13$0.01$0.14$0.02$0.12