Civic Intelligence

The Harbor Entrepreneur Center

EIN 46-5536852 • 501(c)3 • Charleston, SC

Profile

To create collision among the entrepreneur community. By nature, entrepreneurs are problem solvers. We believe by connecting the thinkers, the doers and visionaries we will support the economic vitality of the region. An entrepreneur's journey is a unique one. Founded and operated by entrepreneurs who live the journey, the harbor leverages this experience to support entrepreneurs at any stage.

2070 Sam Rittenberg Blvd Ste B-272Charleston, SC 29407

www.harborec.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

75th percentile

0.33x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.08x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

43rd percentile

1.2%

Higher net margin than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

12th percentile

-14%

Faster asset growth than 12% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

38%

Faster revenue growth than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$306,725

Down $51,903 (-14%) from 2023

Liabilities

Down

$100,187

Down $66,817 (-40%) from 2023

Net Assets

Up

$206,538

Up $14,914 (+7.8%) from 2023

Revenue

Up

$1,193,845

Up $331,454 (+38%) from 2023

Expenses

Up

$1,178,931

Up $463,493 (+65%) from 2023

Net Income

Down

$14,914

Down $132,039 (-90%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2015: $185,137Liabilities 2015: $27,549Net Assets 2015: $157,5882015Assets 2016: $167,645Liabilities 2016: $17,222Net Assets 2016: $150,4232016Assets 2017: $142,763Liabilities 2017: $92,994Net Assets 2017: $49,7692017Assets 2018: $120,151Liabilities 2018: $73,249Net Assets 2018: $46,9022018Assets 2019: $174,767Liabilities 2019: $106,697Net Assets 2019: $68,0702019Assets 2020: $149,611Liabilities 2020: $119,021Net Assets 2020: $30,5902020Assets 2021: $169,966Liabilities 2021: $163,246Net Assets 2021: $6,7202021Assets 2022: $127,201Liabilities 2022: $78,630Net Assets 2022: $48,5712022Assets 2023: $358,628Liabilities 2023: $167,004Net Assets 2023: $191,6242023Assets 2024: $306,725Liabilities 2024: $100,187Net Assets 2024: $206,5382024

Highlighted filing

2024

Assets$306,725
Liabilities$100,187
Net Assets$206,538

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2015: $432,038Expenses 2015: $525,374Net Income 2015: -$93,3362015Revenue 2016: $541,896Expenses 2016: $549,212Net Income 2016: -$7,3162016Revenue 2017: $405,065Expenses 2017: $502,824Net Income 2017: -$97,7592017Revenue 2018: $494,880Expenses 2018: $497,747Net Income 2018: -$2,8672018Revenue 2019: $432,082Expenses 2019: $410,914Net Income 2019: $21,1682019Revenue 2020: $388,526Expenses 2020: $340,371Net Income 2020: $48,1552020Revenue 2021: $252,698Expenses 2021: $276,568Net Income 2021: -$23,8702021Revenue 2022: $382,126Expenses 2022: $345,275Net Income 2022: $36,8512022Revenue 2023: $862,391Expenses 2023: $715,438Net Income 2023: $146,9532023Revenue 2024: $1,193,845Expenses 2024: $1,178,931Net Income 2024: $14,9142024

Highlighted filing

2024

Revenue$1,193,845
Expenses$1,178,931
Net Income$14,914

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 10, 2023
Return Version
2022v5.0
Gross Receipts
$392,663
Mission and Program Overview

Mission

To create collision among the entrepreneur community. By nature, entrepreneurs are problem solvers. We believe by connecting the thinkers, the doers and visionaries we will support the economic vitality of the region. An entrepreneur's journey is a unique one. Founded and operated by entrepreneurs who live the journey, the harbor leverages this experience to support entrepreneurs at any stage.

To create collision among the entrepreneur community. By nature, entrepreneurs are problem solvers. We believe by connecting the thinkers, the doers and visionaries we (see sch. O)

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$59,962$78,479▲ $18,517
Land, Buildings, and Equipment, Net$59,879$40,077▼ $19,802
Loans From Officers Directors$12,500--
Other Notes and Loans Receivable, Net-$5,000-
Prepaid Expenses and Deferred Charges-$2,682-
Accounts Receivable$49,875$713▼ $49,162
Total Assets$169,966$127,201▼ $42,765
Other Assets Total$250$250→ $0
Liabilities
Unsecured Notes Loans Payable$46,538$41,699▼ $4,839
Deferred Revenue$73,387$36,406▼ $36,981
Accounts Payable and Accrued Expenses$30,821$525▼ $30,296
Total Liabilities$163,246$78,630▼ $84,616
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,720$48,571▲ $41,851
Total Net Assets Fund Balance$6,720$48,571▲ $41,851
Total Liabilities and Net Assets / Fund Balance$169,966$127,201▼ $42,765

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$27,485$27,855$55,340
Leasehold Improvements$12,592$5,396$17,988
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Grady JohnsonExecutive DiFT$80,192$80,192

Board Members and Trustees

NameTitle
Patrick BryanChairman
Eric BowmanBoard Member
Joe WarrenBoard Member
Lauren SturdivantBoard Member
Seth HortonBoard Member
Tom WilsonBoard Member
Dave BrownForum Office
John OsborneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$129,733
Program Service Revenue
$262,286
Investment Income
$-9,893
Other Revenue
$0
All Other Contributions
$94,173
Change in Net Assets
$36,851
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$224,220
Salaries, Compensation, and Employee Benefits$113,405
Total Fundraising Expense$8,703
Grants and Similar Amounts Paid$7,650
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$81,845$773-$82,618
Current Officers, Directors, Trustees, and Key Employees$56,135$16,038$8,019$80,192
Fees for Services Other$56,583$355-$56,938
Occupancy$26,792$2,466$511$29,769
Other Salaries and Wages$20,463--$20,463
Office Expenses$9,645$8,583$173$18,401
Payroll Taxes$11,475$1,275-$12,750
Fees for Services Accounting-$10,189-$10,189
Information Technology$9,139$319-$9,458
Depreciation Depletion$8,987$278-$9,265
Grants to Domestic Individuals$5,000--$5,000
Advertising$2,840--$2,840
Grants to Domestic Orgs$2,650--$2,650
Insurance-$1,822-$1,822
Interest-$368-$368
Travel$216--$216
Other Expenses$457$14-$14
Total Functional Expenses$294,092$42,480$8,703$345,275
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$12,500--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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, Page 6, Part VI, Line 11B

The organization provides its form 990 to its board of advisors for a comment period of five days. Upon addressing any comments or questions, the form 990 is filed with the internal revenue service.

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

The organization requires an annual sign off of the conflict of interest policy.

Form 990, Page 6, Part VI, Line 15A

The director's compensation is approved by the board of advisors annually. The compensation is determined through comparable data from other nonprofit organizations, salary surveys and other resources.

Form 990, Page 6, Part VI, Line 19

The organization makes its conflict of interest policy, governing documents and financial statements available upon request at its corporate offices.

Filing and Contact Details

Filer

Filer Name
The Harbor Entrepreneur Center
EIN
46-5536852
Phone
8438858913
Address
2070 SAM RITTENBERG BLVD STE B-272, CHARLESTON, SC 29407

Signing Officer

Name
Grady Johnson
Title
Executive Director
Phone
8432596427
Signed
2023-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Grady Johnson
Formed
2014
Legal Domicile
Sc
Voting Board Members
8
Independent Board Members
8
Employees
3
Volunteers
36

Preparer

Firm
Glaser and Company LLC
Address
1859 SUMMERVILLE AVE STE 800, CHARLESTON, SC 29405
Preparer
Erik M Glaser CPA
Phone
8438490179
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To create collision among the entrepreneur community. By nature, entrepreneurs are problem solvers. We believe by connecting the thinkers, the doers and visionaries we will support the economic vitality of the region. An entrepreneur's journey is a unique one. Founded and operated by entrepreneurs who live the journey, the harbor leverages this experience to support entrepreneurs at any stage.

Form 990

Page 1, part 1, line 1 will support the economic vitality of the region.

Form 990, Part III

Page 2, part iii, line 4a continued: we offer a few different membership options for you to choose from and they are all month-to-month. Float space: if you need to get out of the house or youre feeling distracted at your local coffee shop, this is the plan for you dedicated desk space: pick a spot and make it your own. This is perfect if you have additional monitors, printers, files, etc. That you need a place for. Private office/pod: this plan is perfect for growing teams who are working towards getting their own office and need a place to get things done until then. Accelerator program the harbor accelerator program brings a new concept to charleston's booming entrepreneur economy by giving participants the opportunity to spend 14 weeks fully focased on their start-up concept while gleaning invaluable insights from proven business leaders. The team of mentors already committed to the program includes a list of entrepreneurial heavyweights in the lowcountry. Entrepreneur studios entrepreneur studios happens twice during each accelerator program and features a rock start, made entrepreneur in an "inside the actors studio" style interview elaborating on their journey as an entrepreneur. We know by now that successful entrepreneurs don't often ride in on a white horse and get presented the keys to the building and sustaining a multi-million dollar business on a silver platter. Dispellings these myths and digging down to the bare bones of perserverance are where our studios come in. Harbor retreat time is often the most treasured resource of any entrepreneur. They do some awesome things at the harbor that allow entrepreneurs to get outside of their day to day grind, and enjoy the beautiful place we live, with those on the same page. Harbor retreat integrates breathtaking settings, fun activities, and quality time with friends in a entrepreneur style getaway to a unique desitination, whether it be camping and hanging by the fire, beaching on one of charleston's many islands, or cruising to desirable locations, those who come along will have the opportunity to build an incomparable bond with like-minded individuals in a relaxing environment. Made entrepreneur gathering we host these private gatherings in the spring and fall every year at various locations. Made entrepreneur gatherings are invitation-only and allow entrepreneurs from our region to come together and meet over drinks and hors doeuvres. Gatherings are always held on a weekday at 4 pm. We generally look to invite founders with companies that exceed 250k in revenue annually and have at least 3 employees. Forum forum is the process of meeting with other like-minded individuals that are charging for the same goals. These focused mastermind groups provide a new dimension on your business and life. Meeting with like minded individuals allows for feedback in a trusting and confidential way. You will be amazed by the power of having different perspectives from peers that have gone through similar circumstances. Group membership includes: forum mentor, forum process, 11 forum meetings per year, lunch provided at each forum, conference room space for each meeting, and access to all harbor sites. 1 million cups we've partnered with 1 million cups (1mc) , an initiative by the kauffman organization based in kansas city that created a simple way to engage entrepreneurs in communities around the world. Their weekly "caffeinated" events offer local entrepreneurs valuable exposure and feedback on their startups in a supportive environment.

Form 990, Part IX, Line 11G

Payroll provider 578 64 0 recruiting 0 291 0 instructor - commissions 56,005 0 0 total 56,583 355 0

Form 990, Part XI, Line 9

Prior period adjustment 5,000

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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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 93,746
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO CREATE COLLISION AMONG THE ENTREPRENEUR COMMUNITY. BY NATURE, ENTREPRENEURS ARE PROBLEM SOLVERS. WE BELIEVE BY CONNECTING THE THINKERS, THE DOERS AND VISIONARIES WE WILL SUPPORT THE ECONOMIC VITALITY OF THE REGION. AN ENTREPRENEUR'S JOURNEY IS A UNIQUE ONE. FOUNDED AND OPERATED BY ENTREPRENEURS WHO LIVE THE JOURNEY, THE HARBOR LEVERAGES THIS EXPERIENCE TO SUPPORT ENTREPRENEURS AT ANY STAGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PAGE 1, PART 1, LINE 1 WILL SUPPORT THE ECONOMIC VITALITY OF THE REGION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PAGE 2, PART III, LINE 4A CONTINUED: WE OFFER A FEW DIFFERENT MEMBERSHIP OPTIONS FOR YOU TO CHOOSE FROM AND THEY ARE ALL MONTH-TO-MONTH. FLOAT SPACE: IF YOU NEED TO GET OUT OF THE HOUSE OR YOURE FEELING DISTRACTED AT YOUR LOCAL COFFEE SHOP, THIS IS THE PLAN FOR YOU DEDICATED DESK SPACE: PICK A SPOT AND MAKE IT YOUR OWN. THIS IS PERFECT IF YOU HAVE ADDITIONAL MONITORS, PRINTERS, FILES, ETC. THAT YOU NEED A PLACE FOR. PRIVATE OFFICE/POD: THIS PLAN IS PERFECT FOR GROWING TEAMS WHO ARE WORKING TOWARDS GETTING THEIR OWN OFFICE AND NEED A PLACE TO GET THINGS DONE UNTIL THEN. ACCELERATOR PROGRAM THE HARBOR ACCELERATOR PROGRAM BRINGS A NEW CONCEPT TO CHARLESTON'S BOOMING ENTREPRENEUR ECONOMY BY GIVING PARTICIPANTS THE OPPORTUNITY TO SPEND 14 WEEKS FULLY FOCASED ON THEIR START-UP CONCEPT WHILE GLEANING INVALUABLE INSIGHTS FROM PROVEN BUSINESS LEADERS. THE TEAM OF MENTORS ALREADY COMMITTED TO THE PROGRAM INCLUDES A LIST OF ENTREPRENEURIAL HEAVYWEIGHTS IN THE LOWCOUNTRY. ENTREPRENEUR STUDIOS ENTREPRENEUR STUDIOS HAPPENS TWICE DURING EACH ACCELERATOR PROGRAM AND FEATURES A ROCK START, MADE ENTREPRENEUR IN AN "INSIDE THE ACTORS STUDIO" STYLE INTERVIEW ELABORATING ON THEIR JOURNEY AS AN ENTREPRENEUR. WE KNOW BY NOW THAT SUCCESSFUL ENTREPRENEURS DON'T OFTEN RIDE IN ON A WHITE HORSE AND GET PRESENTED THE KEYS TO THE BUILDING AND SUSTAINING A MULTI-MILLION DOLLAR BUSINESS ON A SILVER PLATTER. DISPELLINGS THESE MYTHS AND DIGGING DOWN TO THE BARE BONES OF PERSERVERANCE ARE WHERE OUR STUDIOS COME IN. HARBOR RETREAT TIME IS OFTEN THE MOST TREASURED RESOURCE OF ANY ENTREPRENEUR. THEY DO SOME AWESOME THINGS AT THE HARBOR THAT ALLOW ENTREPRENEURS TO GET OUTSIDE OF THEIR DAY TO DAY GRIND, AND ENJOY THE BEAUTIFUL PLACE WE LIVE, WITH THOSE ON THE SAME PAGE. HARBOR RETREAT INTEGRATES BREATHTAKING SETTINGS, FUN ACTIVITIES, AND QUALITY TIME WITH FRIENDS IN A ENTREPRENEUR STYLE GETAWAY TO A UNIQUE DESITINATION, WHETHER IT BE CAMPING AND HANGING BY THE FIRE, BEACHING ON ONE OF CHARLESTON'S MANY ISLANDS, OR CRUISING TO DESIRABLE LOCATIONS, THOSE WHO COME ALONG WILL HAVE THE OPPORTUNITY TO BUILD AN INCOMPARABLE BOND WITH LIKE-MINDED INDIVIDUALS IN A RELAXING ENVIRONMENT. MADE ENTREPRENEUR GATHERING WE HOST THESE PRIVATE GATHERINGS IN THE SPRING AND FALL EVERY YEAR AT VARIOUS LOCATIONS. MADE ENTREPRENEUR GATHERINGS ARE INVITATION-ONLY AND ALLOW ENTREPRENEURS FROM OUR REGION TO COME TOGETHER AND MEET OVER DRINKS AND HORS DOEUVRES. GATHERINGS ARE ALWAYS HELD ON A WEEKDAY AT 4 PM. WE GENERALLY LOOK TO INVITE FOUNDERS WITH COMPANIES THAT EXCEED 250K IN REVENUE ANNUALLY AND HAVE AT LEAST 3 EMPLOYEES. FORUM FORUM IS THE PROCESS OF MEETING WITH OTHER LIKE-MINDED INDIVIDUALS THAT ARE CHARGING FOR THE SAME GOALS. THESE FOCUSED MASTERMIND GROUPS PROVIDE A NEW DIMENSION ON YOUR BUSINESS AND LIFE. MEETING WITH LIKE MINDED INDIVIDUALS ALLOWS FOR FEEDBACK IN A TRUSTING AND CONFIDENTIAL WAY. YOU WILL BE AMAZED BY THE POWER OF HAVING DIFFERENT PERSPECTIVES FROM PEERS THAT HAVE GONE THROUGH SIMILAR CIRCUMSTANCES. GROUP MEMBERSHIP INCLUDES: FORUM MENTOR, FORUM PROCESS, 11 FORUM MEETINGS PER YEAR, LUNCH PROVIDED AT EACH FORUM, CONFERENCE ROOM SPACE FOR EACH MEETING, AND ACCESS TO ALL HARBOR SITES. 1 MILLION CUPS WE'VE PARTNERED WITH 1 MILLION CUPS (1MC) , AN INITIATIVE BY THE KAUFFMAN ORGANIZATION BASED IN KANSAS CITY THAT CREATED A SIMPLE WAY TO ENGAGE ENTREPRENEURS IN COMMUNITIES AROUND THE WORLD. THEIR WEEKLY "CAFFEINATED" EVENTS OFFER LOCAL ENTREPRENEURS VALUABLE EXPOSURE AND FEEDBACK ON THEIR STARTUPS IN A SUPPORTIVE ENVIRONMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION PROVIDES ITS FORM 990 TO ITS BOARD OF ADVISORS FOR A COMMENT PERIOD OF FIVE DAYS. UPON ADDRESSING ANY COMMENTS OR QUESTIONS, THE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REQUIRES AN ANNUAL SIGN OFF OF THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE DIRECTOR'S COMPENSATION IS APPROVED BY THE BOARD OF ADVISORS ANNUALLY. THE COMPENSATION IS DETERMINED THROUGH COMPARABLE DATA FROM OTHER NONPROFIT ORGANIZATIONS, SALARY SURVEYS AND OTHER RESOURCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST AT ITS CORPORATE OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PAYROLL PROVIDER 578 64 0 RECRUITING 0 291 0 INSTRUCTOR - COMMISSIONS 56,005 0 0 TOTAL 56,583 355 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PRIOR PERIOD ADJUSTMENT 5,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART III
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
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