Civic Intelligence

Harc Foundation Inc.

990 • Fiscal year 2015 • EIN 46-3961921

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 03, 2016

Organization ProfileN/A
900 Asylum AvenueHartford, CT 06105

(860) 218-6000

Siviq Scores

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

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

15th percentile

0.03x

Higher debt load relative to revenue than 15% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

91st percentile

48%

Higher net margin than 91% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Balance Sheet
Liabilities / Assets14th percentile

Assets

$3,892,343

No earlier filing loaded for comparison.

Net Assets

$3,869,708

No earlier filing loaded for comparison.

Liabilities

$22,635

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin91st percentile

Revenue

$784,459

No earlier filing loaded for comparison.

Expenses

$406,973

No earlier filing loaded for comparison.

Net Income

$377,486

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0Assets 2015: $3,892,343Liabilities 2015: $22,635Net Assets 2015: $3,869,7082015Assets 2016: $3,645,390Liabilities 2016: $13,628Net Assets 2016: $3,631,7622016Assets 2017: $3,894,606Liabilities 2017: $10,287Net Assets 2017: $3,884,3192017Assets 2018: $3,931,931Liabilities 2018: $10,287Net Assets 2018: $3,921,6442018Assets 2019: $3,824,273Liabilities 2019: $0Net Assets 2019: $3,824,2732019Assets 2020: $3,786,954Liabilities 2020: $0Net Assets 2020: $3,786,9542020Assets 2021: $4,857,622Liabilities 2021: $90,000Net Assets 2021: $4,767,6222021Assets 2022: $4,120,915Liabilities 2022: $99,679Net Assets 2022: $4,021,2362022Assets 2023: $4,408,967Liabilities 2023: $128,838Net Assets 2023: $4,280,1292023Assets 2024: $4,707,967Liabilities 2024: $34,339Net Assets 2024: $4,673,6282024Assets 2025: $5,134,925Liabilities 2025: $59,186Net Assets 2025: $5,075,7392025

Highlighted filing

2015

Assets$3,892,343
Liabilities$22,635
Net Assets$3,869,708
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2015: $784,459Expenses 2015: $406,973Net Income 2015: $377,4862015Revenue 2016: $179,760Expenses 2016: $233,949Net Income 2016: -$54,1892016Revenue 2017: $103,571Expenses 2017: $230,192Net Income 2017: -$126,6212017Revenue 2018: $101,472Expenses 2018: $214,337Net Income 2018: -$112,8652018Revenue 2019: $56,875Expenses 2019: $209,818Net Income 2019: -$152,9432019Revenue 2020: $175,635Expenses 2020: $212,954Net Income 2020: -$37,3192020Revenue 2021: $1,140,594Expenses 2021: $204,926Net Income 2021: $935,6682021Revenue 2022: -$529,015Expenses 2022: $217,371Net Income 2022: -$746,3862022Revenue 2023: $127,990Expenses 2023: $213,045Net Income 2023: -$85,0552023Revenue 2024: $133,954Expenses 2024: $171,685Net Income 2024: -$37,7312024Revenue 2025: $192,132Expenses 2025: $209,258Net Income 2025: -$17,1262025

Highlighted filing

2015

Revenue$784,459
Expenses$406,973
Net Income$377,486
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 3, 2016
Return Version
2014v6.0
Gross Receipts
$9,048,143
Mission and Program Overview

Mission

The corporation is formed to develop, prudently manage and disburse financial and other resources to support harc, inc. And its programs and services.

The foundation operates exclusively for the benefit of, to perform the function of, to carry out the purposes of and to uphold, promote and further the welfare and activities of harc, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$3,811,519-
Cash and Non-Interest-Bearing Accounts-$79,574-
Total Assets$0$3,892,343▲ $3,892,343
Other Assets Total$0$1,250▲ $1,250
Liabilities
Other Liabilities$0$22,635▲ $22,635
Total Liabilities$0$22,635▲ $22,635
Net Assets / Fund Balance
Permanently Rstr Net Assets-$1,958,450-
Unrestricted Net Assets-$1,700,734-
Temporarily Rstr Net Assets-$210,524-
Total Net Assets Fund Balance$0$3,869,708▲ $3,869,708
Total Liabilities and Net Assets / Fund Balance$0$3,892,343▲ $3,892,343

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$0$4,227,803▲ $48,878$363,351$3,892,343
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Seth Fierston CPA CfpChairman
John Horak EsqPresident
SHELAGH O'NEILLBoard Member
Martin J CarrollSecretary
Frank Sambor CPATreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$18,433
Program Service Revenue
$0
Investment Income
$766,026
Other Revenue
$0
All Other Contributions
$18,433
Change in Net Assets
$377,486
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$406,973
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$385,987--$385,987
Fees for Service Investment Mgmnt Fees-$20,986-$20,986
Total Functional Expenses$385,987$20,986$0$406,973
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Harc, Inc.$22,635
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
Other officer compensation reviewed
No
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, Part VI, Section B, Line 11

“The board of directors will review the irs form 990 prior to filing.”

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

“Conflict of interest statements are signed annually by officers and directors.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements of the organization are available upon request”

Filing and Contact Details

Filer

Filer Name
Harc Foundation Inc
EIN
46-3961921
Phone
8602186000
Address
900 ASYLUM AVENUE, HARTFORD, CT 06105

Signing Officer

Name
Andrea Barton Reeves
Title
President/CEO
Phone
8602186000
Signed
2016-02-03

Organization Details

Principal Officer
Andrea Barton Reeves
Formed
2013
Legal Domicile
Ct
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
BLUM SHAPIRO & COMPANY PC CPA'S
Address
29 S MAIN STREET, WEST HARTFORD, CT 06127-2000
Preparer
Lori Budnick
Phone
8605614000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Transfer from harc, inc. 4,209,370.”

Financial Statement Notes

PART V, LINE 4:

“The endowment fund and similar funds of harc foundation are governed by the donor designated document established by the donor and harc foundation. It is the foundation's intent that the funds will be invested with a long-term time horizon. The objective of the funds is to seek regular income, conservation of principal, and an opportunity for long-term growth of principal and income. It is expected that this fund will invest in a combination of equity securities and fixed income securities. It is further expected that the fund will be invested in such a way as to preserve purchasing power.”

Raw XML Appendix333 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS WILL REVIEW THE IRS FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST STATEMENTS ARE SIGNED ANNUALLY BY OFFICERS AND DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS OF THE ORGANIZATION ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TRANSFER FROM HARC, INC. 4,209,370.
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0385987
IRS990/TotalFunctionalExpensesGrp/TotalAmt0406973
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt022635
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt022635
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03869708
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0385987
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0766026
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0784459
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03892343
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01700734
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0900 ASYLUM AVENUE
IRS990/USAddress/CityNm0HARTFORD
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006105
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREA BARTON REEVES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08602186000
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HARC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0HARC
ReturnHeader/Filer/EIN0463961921
ReturnHeader/Filer/PhoneNum08602186000
ReturnHeader/Filer/USAddress/AddressLine1Txt0900 ASYLUM AVENUE
ReturnHeader/Filer/USAddress/CityNm0HARTFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006105
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061009205
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BLUM SHAPIRO & COMPANY PC CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt029 S MAIN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST HARTFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0061272000
ReturnHeader/PreparerPersonGrp/PhoneNum08605614000
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LORI BUDNICK
ReturnHeader/ReturnTs02016-02-12T08:37:24-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,892,343
Liabilities
$22,635
Net assets
$3,869,708
Revenue
$784,459
Expenses
$406,973
Net income
$377,486
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.13$0.06$5.08$0.19$0.21$0.02
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.71$0.03$4.67$0.13$0.17$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.41$0.13$4.28$0.13$0.21$0.09
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.12$0.10$4.02$0.53$0.22$0.75
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.86$0.09$4.77$1.14$0.20$0.94
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.79$0.00$3.79$0.18$0.21$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.82$0.00$3.82$0.06$0.21$0.15
2018Summary only. Only limited summary data is available for this year.$3.93$0.01$3.92$0.10$0.21$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.89$0.01$3.88$0.10$0.23$0.13
2016Detailed filing. Detailed filing data is available for this year.$3.65$0.01$3.63$0.18$0.23$0.05
2015Detailed filing. Detailed filing data is available for this year.$3.89$0.02$3.87$0.78$0.41$0.38