Civic Intelligence

Harp Foundation

990 • Fiscal year 2020 • EIN 84-1308918

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 30, 2021

125 Riverwalk PlacePueblo, CO 81003

(719) 295-7238

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Higher debt load relative to assets than 33% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

39th percentile

0.02x

Higher debt load relative to revenue than 39% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

11th percentile

-35%

Higher net margin than 11% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

23rd percentile

-3.2%

Faster asset growth than 23% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

20th percentile

-29%

Faster revenue growth than 20% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$775,368

Down $25,556 (-3.2%) from 2019

Net Assets

Down

$772,554

Down $25,392 (-3.2%) from 2019

Liabilities

Down

$2,814

Down $164 (-5.5%) from 2019

Revenue

Down

$173,547

Down $69,928 (-29%) from 2019

Expenses

Down

$235,062

Down $42,067 (-15%) from 2019

Net Income

Down

-$61,515

Down $27,861 (-83%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $844,012Liabilities 2010: $450,593Net Assets 2010: $393,4192010Assets 2011: $506,322Liabilities 2011: $160,842Net Assets 2011: $345,4802011Assets 2012: $545,714Liabilities 2012: $108,595Net Assets 2012: $437,1192012Assets 2013: $490,189Liabilities 2013: $4,786Net Assets 2013: $485,4032013Assets 2014: $541,487Liabilities 2014: $1,680Net Assets 2014: $539,8072014Assets 2015: $613,222Liabilities 2015: $0Net Assets 2015: $613,2222015Assets 2016: $663,029Liabilities 2016: $12,019Net Assets 2016: $651,0102016Assets 2017: $703,394Liabilities 2017: $195Net Assets 2017: $703,1992017Assets 2018: $783,674Liabilities 2018: $3,410Net Assets 2018: $780,2642018Assets 2019: $800,924Liabilities 2019: $2,978Net Assets 2019: $797,9462019Assets 2020: $775,368Liabilities 2020: $2,814Net Assets 2020: $772,5542020Assets 2021: $1,027,411Liabilities 2021: $5,884Net Assets 2021: $1,021,5272021Assets 2022: $1,055,391Liabilities 2022: $0Net Assets 2022: $1,055,3912022Assets 2023: $1,236,027Liabilities 2023: $31Net Assets 2023: $1,235,9962023Assets 2024: $1,428,136Liabilities 2024: $0Net Assets 2024: $1,428,1362024

Highlighted filing

2020

Assets$775,368
Liabilities$2,814
Net Assets$772,554

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,013,6602010Expenses 2011: $416,7792011Expenses 2012: $564,3022012Revenue 2013: $491,569Expenses 2013: $457,212Net Income 2013: $34,3572013Revenue 2014: $389,309Expenses 2014: $329,925Net Income 2014: $59,3842014Revenue 2015: $530,785Expenses 2015: $442,223Net Income 2015: $88,5622015Revenue 2016: $355,528Expenses 2016: $322,511Net Income 2016: $33,0172016Revenue 2017: $490,825Expenses 2017: $459,238Net Income 2017: $31,5872017Revenue 2018: $307,016Expenses 2018: $204,078Net Income 2018: $102,9382018Revenue 2019: $243,475Expenses 2019: $277,129Net Income 2019: -$33,6542019Revenue 2020: $173,547Expenses 2020: $235,062Net Income 2020: -$61,5152020Revenue 2021: $291,321Expenses 2021: $68,656Net Income 2021: $222,6652021Revenue 2022: $295,921Expenses 2022: $180,117Net Income 2022: $115,8042022Revenue 2023: $202,214Expenses 2023: $93,066Net Income 2023: $109,1482023Revenue 2024: $272,263Expenses 2024: $140,962Net Income 2024: $131,3012024

Highlighted filing

2020

Revenue$173,547
Expenses$235,062
Net Income-$61,515
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 30, 2021
Return Version
2020v4.0
Gross Receipts
$192,087
Mission and Program Overview

Mission

The mission of the harp foundation is to secure funding to enhance and enrich the infrastructure of the historic arkansas riverwalk of pueblo and transform it into a cultural, educational, economic, recreational and social centerpiece.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$446,726$448,525▲ $1,799
Cash and Non-Interest-Bearing Accounts$214,614$204,604▼ $10,010
Land, Buildings, and Equipment, Net$139,084$122,239▼ $16,845
Pledges and Grants Receivable$500--
Total Assets$800,924$775,368▼ $25,556
Liabilities
Accounts Payable and Accrued Expenses$2,978$2,814▼ $164
Total Liabilities$2,978$2,814▼ $164
Net Assets / Fund Balance
Net Assets With Donor Restrictions$597,109$555,120▼ $41,989
Net Assets Without Donor Restrictions$200,837$217,434▲ $16,597
Total Net Assets Fund Balance$797,946$772,554▼ $25,392
Total Liabilities and Net Assets / Fund Balance$800,924$775,368▼ $25,556

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$122,239$80,034$202,273

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$15,000-▲ $1,850$1,850$15,000
2019$15,000-▲ $2,457$2,457$15,000
2018$15,000---$15,000
2017$15,000---$15,000
2016$15,000---$15,000
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$150,655
Program Service Revenue
$2,500
Investment Income
$9,294
Other Revenue
$11,098
All Other Contributions
$150,655
Change in Net Assets
$-61,515

Audited Revenue Reconciliation

Revenue per Audited Statements
$173,547
Revenue Not Reported on Form 990
$49,163
Total Revenue per Audited Statements
$222,710
Total Revenue per Form 990
$173,547
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$235,062
Total Fundraising Expense$2,916
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$30,000-$30,000
Fees for Services Accounting-$7,000-$7,000
Advertising--$2,916$2,916
Other Expenses$487$715-$487
Office Expenses-$288-$288
Fees for Services Other-$240-$240
All Other Expenses-$209-$209
Total Functional Expenses$193,694$38,452$2,916$235,062

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$236,757
Total Expenses per Form 990$235,062
Expenses per Audited Statements$223,717
Expenses Not Reported on Form 990$13,040
Expenses Not Reported on Financial Statements$11,345
Other Expense Adjustments$11,345
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
No
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
No
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The harp foundation has a contract for management services with the harp authority.

Form 990, Page 6, Part VI, Line 11B

Members of the board receive copies of the tax return prior to filing; a signature is required from a member of the board of directors in order to file the return

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

The organization's policies and procedures regarding conflict of interest are maintained annually and followed.

Form 990, Page 6, Part VI, Line 19

The organization makes it governing documents, conflict of interest policy and financial statements available to the public upon request to the main office

Filing and Contact Details

Filer

Filer Name
Harp Foundation
EIN
84-1308918
Phone
7192957238
Address
125 RIVERWALK PLACE, PUEBLO, CO 81003

Signing Officer

Name
Laurie Kilpatrick
Title
Chair
Phone
7192957238
Signed
2021-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laurie Kilpatrick
Formed
1995
Legal Domicile
Co
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
100

Preparer

Firm
Mgpm Pc
Address
503 N MAIN ST STE 740, PUEBLO, CO 81003
Preparer
Todd S Mihelich
Phone
7195430516
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the harp foundation is to secure funding to enhance and enrich the infrastructure of the historic arkansas riverwalk of pueblo and transform it into a cultural, educational, economic, recreational and social centerpiece.

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Depreciation and expenses claimed against rental income 13,040

Schedule D, Page 4, Part XII, Line 2D

Depreciation and expenses claimed against rental income 13,040

Schedule D, Page 4, Part XII, Line 4B

Book / tax depreciation difference 11,345

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DEPRECIATION AND EXPENSES CLAIMED AGAINST RENTAL INCOME 13,040
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BOOK / TAX DEPRECIATION DIFFERENCE 11,345
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE HARP FOUNDATION IS TO SECURE FUNDING TO ENHANCE AND ENRICH THE INFRASTRUCTURE OF THE HISTORIC ARKANSAS RIVERWALK OF PUEBLO AND TRANSFORM IT INTO A CULTURAL, EDUCATIONAL, ECONOMIC, RECREATIONAL AND SOCIAL CENTERPIECE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE HARP FOUNDATION HAS A CONTRACT FOR MANAGEMENT SERVICES WITH THE HARP AUTHORITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE BOARD RECEIVE COPIES OF THE TAX RETURN PRIOR TO FILING; A SIGNATURE IS REQUIRED FROM A MEMBER OF THE BOARD OF DIRECTORS IN ORDER TO FILE THE RETURN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S POLICIES AND PROCEDURES REGARDING CONFLICT OF INTEREST ARE MAINTAINED ANNUALLY AND FOLLOWED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST TO THE MAIN OFFICE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$0.27$0.14$0.13
2023Detailed filing. Detailed filing data is available for this year.$1.24$0.00$1.24$0.20$0.09$0.11
2022Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.30$0.18$0.12
2021Detailed filing. Detailed filing data is available for this year.$1.03$0.01$1.02$0.29$0.07$0.22
2020Detailed filing. Detailed filing data is available for this year.$0.78$0.00$0.77$0.17$0.24$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$0.24$0.28$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.78$0.00$0.78$0.31$0.20$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$0.49$0.46$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.66$0.01$0.65$0.36$0.32$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.61$0.53$0.44$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.39$0.33$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.49$0.00$0.49$0.49$0.46$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.11$0.44$0.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.16$0.35$0.42
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.45$0.39$1.01