Civic Intelligence

Harc Foundation Inc.

990 • Fiscal year 2023 • EIN 46-3961921

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 12, 2024

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

40th percentile

0.03x

Higher debt load relative to assets than 40% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

88th percentile

1.01x

Higher debt load relative to revenue than 88% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

5th percentile

-66%

Higher net margin than 5% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

78th percentile

$129,115

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 100.9% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

56th percentile

7.0%

Faster asset growth than 56% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$4,408,967

Up $288,052 (+7.0%) from 2022

Net Assets

Up

$4,280,129

Up $258,893 (+6.4%) from 2022

Liabilities

Up

$128,838

Up $29,159 (+29%) from 2022

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin5th percentile

Revenue

Up

$127,990

Up $657,005 (+124%) from 2022

Expenses

Down

$213,045

Down $4,326 (-2.0%) from 2022

Net Income

Up

-$85,055

Up $661,331 (+89%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

2023

Assets$4,408,967
Liabilities$128,838
Net Assets$4,280,129
Open 2023 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

2023

Revenue$127,990
Expenses$213,045
Net Income-$85,055
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 12, 2024
Return Version
2022v5.0
Gross Receipts
$127,990
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,817,548$4,144,511▲ $326,963
Cash and Non-Interest-Bearing Accounts$74,103$35,192▼ $38,911
Total Assets$4,120,915$4,408,967▲ $288,052
Other Assets Total$229,264$229,264→ $0
Liabilities
Other Liabilities$99,679$107,555▲ $7,876
Deferred Revenue-$21,283-
Total Liabilities$99,679$128,838▲ $29,159
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,941,597$2,154,734▲ $213,137
Net Assets Without Donor Restrictions$2,079,639$2,125,395▲ $45,756
Total Net Assets Fund Balance$4,021,236$4,280,129▲ $258,893
Total Liabilities and Net Assets / Fund Balance$4,120,915$4,408,967▲ $288,052

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$229,264--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$4,021,236$36,575▲ $456,647$187,876$4,301,413
2021$4,767,622$11,900▼ $540,915$189,679$4,021,236
2020$3,831,954$93,466▲ $1,047,128$180,000$4,767,622
2019$3,824,273$106,289▲ $69,337$145,000$3,831,954
2018$3,921,644-▲ $112,447$186,356$3,824,273
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleOtherTotal
Daniel S Mclaughlin CPAFormer Presi$129,115$129,115
Russell ColemanPresident/ce$16,911$16,911

Board Members and Trustees

NameTitle
Daniel ProspectBoard Member
Patrice CalnenBoard Member
William DominelloBoard Member
Emma LaddBoard Mmeber
Revenue and Support

Revenue Composition

Contributions and Grants
$16,576
Program Service Revenue
$0
Investment Income
$111,414
Other Revenue
$0
All Other Contributions
$16,576
Change in Net Assets
$-85,055

Audited Revenue Reconciliation

Revenue per Audited Statements
$102,821
Revenue Not Reported on Financial Statements
$25,169
Revenue Not Reported on Form 990
$343,948
Total Revenue per Audited Statements
$446,769
Total Revenue per Form 990
$127,990
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$213,045
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$187,876--$187,876
Fees for Service Investment Mgmnt Fees-$25,169-$25,169
Total Functional Expenses$187,876$25,169$0$213,045

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$213,045
Expenses per Audited Statements$187,876
Total Expenses per Audited Statements$187,876
Expenses Not Reported on Financial Statements$25,169
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.$107,555
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
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, Page 6, Part VI, Line 11B

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

Form 990, Page 6, Part VI, Line 12C

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

Form 990, Page 6, Part VI, 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 Foundationinc
EIN
46-3961921
Phone
8602186000
Address
900 ASYLUM AVENUE, HARTFORD, CT 06105

Signing Officer

Name
Russell Coleman
Title
President/CEO
Phone
8602186000
Signed
2024-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Russell Coleman
Formed
2013
Legal Domicile
Ct
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
2

Preparer

Firm
Fiondella Milone & Lasaracina Llp
Address
300 WINDING BROOK DR STE 1, GLASTONBURY, CT 06033
Preparer
Amber D Tucker
Phone
8606573651
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, 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.”

Schedule D, Page 3, Part X

“The foundation is exempt from federal and state income taxes as a public charity under section 501(c)3 of the internal revenue code. The foundation has no uncertain tax positions at june 30, 2023. The foundations u.s. Federal and state information returns prior to 2019 are closed and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings.”

Raw XML Appendix395 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE CORPORATION IS FORMED TO DEVELOP, PRUDENTLY MANAGE AND DISBURSE FINANCIAL AND OTHER RESOURCES TO SUPPORT HARC, INC. AND ITS PROGRAMS AND SERVICES.
IRS990/AllOtherContributionsAmt016576
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0JOSHUA LABONTE
IRS990/BooksInCareOfDetail/PhoneNum08602186000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0900 ASYLUM AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0HARTFORD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd006105
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt074103
IRS990/CashNonInterestBearingGrp/EOYAmt035192
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt016576
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0111414
IRS990/CYOtherExpensesAmt0213045
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-85055
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0213045
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0127990
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/EOYAmt021283
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0TO SUPPORT THE PROGRAMS AND SERVICES OF HARC, INC.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt01941597
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt02154734
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0187876
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt025169
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt025169
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt039.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt139.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt13065
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0DANIEL S MCLAUGHLIN CPA
IRS990/Form990PartVIISectionAGrp/PersonNm1RUSSELL COLEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm2PATRICE CALNEN
IRS990/Form990PartVIISectionAGrp/PersonNm3WILLIAM DOMINELLO
IRS990/Form990PartVIISectionAGrp/PersonNm4EMMA LADD
IRS990/Form990PartVIISectionAGrp/PersonNm5DANIEL PROSPECT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0129115
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt113846
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0FORMER PRESI
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT/CE
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MMEBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0127990
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0111414
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0111414
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03817548
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04144511
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CT
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE CORPORATION IS FORMED TO DEVELOP, PRUDENTLY MANAGE AND DISBURSE FINANCIAL AND OTHER RESOURCES TO SUPPORT HARC, INC. AND ITS PROGRAMS AND SERVICES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt04021236
IRS990/NetAssetsOrFundBalancesEOYAmt04280129
IRS990/NetUnrlzdGainsLossesInvstAmt0343948
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02079639
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02125395
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0229264
IRS990/OtherAssetsTotalGrp/EOYAmt0229264
IRS990/OtherExpensesGrp/Desc0TRANSFER TO HARC, INC.
IRS990/OtherExpensesGrp/ProgramServicesAmt0187876
IRS990/OtherExpensesGrp/TotalAmt0187876
IRS990/OtherLiabilitiesGrp/BOYAmt099679
IRS990/OtherLiabilitiesGrp/EOYAmt0107555
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RUSSELL COLEMAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt011900
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-540915
IRS990/PYOtherExpensesAmt0217371
IRS990/PYRevenuesLessExpensesAmt0-746386
IRS990/PYTotalExpensesAmt0217371
IRS990/PYTotalRevenueAmt0-529015
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-85055
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0060710289
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0187876
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0HARC INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0187876
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.49410
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt025169
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt04021236
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt036575
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04301413
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0456647
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0187876
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt027692
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt04767622
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt011900
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04021236
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-540915
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0189679
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt024926
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03831954
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt093466
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04767622
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01047128
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0180000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt022945
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03824273
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0106289
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03831954
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt069337
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0145000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt023462
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03921644
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03824273
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0112447
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0186356
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt025169
IRS990ScheduleD/ExpensesSubtotalAmt0187876
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt025169
IRS990ScheduleD/InvestmentExpensesNotIncldAmt025169
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0343948
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0229264
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM HARC, INC.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0107555
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO HARC, INC.
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.50590
IRS990ScheduleD/RevenueNotReportedAmt0343948
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt025169
IRS990ScheduleD/RevenueSubtotalAmt0102821
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE. THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2023. THE FOUNDATIONS U.S. FEDERAL AND STATE INFORMATION RETURNS PRIOR TO 2019 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0229264
IRS990ScheduleD/TotalExpensesPerForm990Amt0213045
IRS990ScheduleD/TotalLiabilityAmt0107555
IRS990ScheduleD/TotalRevenuePerForm990Amt0127990
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0446769
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0187876
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HARC INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0060710289
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0NON PROFIT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0900 ASYLUM AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0HARTFORD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd006105
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0true
IRS990ScheduleR/TransferToOtherOrgInd0true
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04120915
IRS990/TotalAssetsEOYAmt04408967
IRS990/TotalAssetsGrp/BOYAmt04120915
IRS990/TotalAssetsGrp/EOYAmt04408967
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt016576
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025169
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0187876
IRS990/TotalFunctionalExpensesGrp/TotalAmt0213045
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt099679
IRS990/TotalLiabilitiesEOYAmt0128838
IRS990/TotalLiabilitiesGrp/BOYAmt099679
IRS990/TotalLiabilitiesGrp/EOYAmt0128838
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04021236
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04280129
IRS990/TotalOtherCompensationAmt03065
IRS990/TotalProgramServiceExpensesAmt0187876
IRS990/TotalRevenueGrp/ExclusionAmt0111414
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0127990
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04120915
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04408967
IRS990/TotReportableCompRltdOrgAmt0142961
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0900 ASYLUM AVENUE
IRS990/USAddress/CityNm0HARTFORD
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006105
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RUSSELL COLEMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08602186000
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HARC FOUNDATIONINC
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/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061648707
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FIONDELLA MILONE & LASARACINA LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0300 WINDING BROOK DR STE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLASTONBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006033
ReturnHeader/PreparerPersonGrp/PhoneNum08606573651
ReturnHeader/PreparerPersonGrp/PreparationDt02024-02-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AMBER D TUCKER
ReturnHeader/ReturnTs02024-02-19T13:56:41-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RUSSLL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0COLEMAN
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,408,967
Liabilities
$128,838
Net assets
$4,280,129
Revenue
$127,990
Expenses
$213,045
Net income
-$85,055
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
2023Detailed filing. Detailed filing data is available for this year.$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