Civic Intelligence

Harmundi Foundation Inc.

990EZ • Fiscal year 2023 • EIN 83-1914252

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 25, 2024

Organization Profilewww.harmundifoundation.org
8 Pilgrim CirRochester, NY 14618

(000) 000-0000

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.26x

Higher debt load relative to assets than 82% of similar nonprofits.

2023 filings • NTEE A25 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

87th percentile

0.18x

Higher debt load relative to revenue than 87% of similar nonprofits.

2023 filings • NTEE A25 • <$500k nonprofits • Source year 2023

Net Margin

84th percentile

40%

Higher net margin than 84% of similar nonprofits.

2023 filings • NTEE A25 • <$500k nonprofits • Source year 2023

Top Officer Pay

75th percentile

$5,400

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2023 filings • NTEE A25 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

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

Source year 2023

Revenue Growth

Score unavailable

No value available

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

Source year 2023

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$47,448

Up $40,998 (+636%) from 2019

Net Assets

$35,192

No earlier filing loaded for comparison.

Liabilities

Up

$12,256

Up $12,256 from 2019

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin84th percentile

Revenue

Down

$67,826

Down $7,592 (-10%) from 2019

Expenses

Down

$40,878

Down $28,090 (-41%) from 2019

Net Income

Up

$26,948

Up $20,498 (+318%) from 2019

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$80K$60K$40K$20K$0Assets 2019: $6,450Liabilities 2019: $02019Assets 2023: $47,448Liabilities 2023: $12,256Net Assets 2023: $35,1922023Assets 2024: $70,939Liabilities 2024: $52,900Net Assets 2024: $18,0392024

Highlighted filing

2023

Assets$47,448
Liabilities$12,256
Net Assets$35,192
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$100K$50K$0-$50KRevenue 2019: $75,418Expenses 2019: $68,968Net Income 2019: $6,4502019Revenue 2023: $67,826Expenses 2023: $40,878Net Income 2023: $26,9482023Revenue 2024: $59,124Expenses 2024: $76,277Net Income 2024: -$17,1532024

Highlighted filing

2023

Revenue$67,826
Expenses$40,878
Net Income$26,948
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 25, 2024
Return Version
2023v5.0
Gross Receipts
$67,826
Mission and Program Overview

Mission

To connect young people from diverse backgrounds and cultures around the world through music

To connect young people from around the world through music

Program Services

DescriptionGrantsExpenses
Harmundi Foundation launched its pilot program online in November 2023 connecting a diverse group of fifty young people from twenty countries eight states and Puerto Rico for an intensive series of workshops cultural exchange and musical collaboration over a three-day weekend-$29,178
In advance of these workshops Harmundi purchased and distributed music-making technology kits to every student including a microphone audio interface headphones midi keyboard and ring light-$11,193
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Aaron SperberExecutive DirectorPT$5,400-$5,400
Richard FeldmanBoard Chair-$0--
Charles OwensTreasurer And Secretary-$0--
Joan BealBoard Member-$0--
Gwen GreeneBoard Member-$0--
Ralph KunclBoard Member-$0--
Lisa NorwoodBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Harmundi Foundation Inc
EIN
83-1914252
Phone
0000000000
Address
8 PILGRIM CIR, ROCHESTER, NY 14618

Signing Officer

Name
Charles Owens
Title
Treasurer and Secretary
Phone
0000000000
Signed
2024-08-25
Supplemental Narrative

Additional Explanations

Schedule O:

“990-EZ Part I line 16, Other Expenses: Equipment: $11,192 Travel & Meals: $3,585 Office Expenses: $2,051 Part II line 26, Total Liabilities: Accounts Payable: $12,256”

Raw XML Appendix194 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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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Harmundi Foundation launched its pilot program online in November 2023 connecting a diverse group of fifty young people from twenty countries eight states and Puerto Rico for an intensive series of workshops cultural exchange and musical collaboration over a three-day weekend
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1In advance of these workshops Harmundi purchased and distributed music-making technology kits to every student including a microphone audio interface headphones midi keyboard and ring light
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Harmundi Foundation Inc was formed in 2018 and began planning and fundraising in 2019 but it lost momentum during the pandemic delaying the launch of its initial pilot program until 2023 In this start-up phase the organization has relied heavily on the support of its board members who in turn have solicited support from other individuals within their networks With a successful pilot program now complete the organization is now promoting its achievements publicly and a more broad-based public fundraising program is being developed incorporating social media the website HarmundiFoundationorg peer-to-peer solicitation and corporate and foundation grant proposals The Board of Directors - 3 women and 2 men at 123123 - represents such diverse backgrounds as academic banking the for-profit music industry and the nonprofit performing arts sector Its core purpose - to unite young people from around the world through the international language of music - centers around an annual summit focused on cultural exchange and collaborative music-making
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990-EZ Part I line 16, Other Expenses: Equipment: $11,192 Travel & Meals: $3,585 Office Expenses: $2,051 Part II line 26, Total Liabilities: Accounts Payable: $12,256
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule O:
ReturnHeader/BuildTS02024-08-08 14:25:15Z
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ReturnHeader/ReturnTs02024-08-25T16:00:02Z
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$47,448
Liabilities
$12,256
Net assets
$35,192
Revenue
$67,826
Expenses
$40,878
Net income
$26,948
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$70.9$52.9$18.0$59.1$76.3$17.2
2023Detailed filing. Detailed filing data is available for this year.$47.4$12.3$35.2$67.8$40.9$26.9
2019Summary only. Only limited summary data is available for this year.$6.45$0.00$75.4$69.0$6.45