THE HARBUS FOUNDATION

EIN: 043386445 501(c)(3)

BOSTON, MA

Total Revenue
$34,831
Total Expenses
$2,084
Total Assets
$1,371,765
Net Assets
$1,369,915
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MA
Principal Officer
MICHI FERREOL
Phone
6174956528
Tax Period
2019-07-01 to 2020-06-30

THE HARBUS FOUNDATION is a 501(c)(3) with EIN 043386445, based in BOSTON, MA. Founded in 1997, the organization files IRS Form 990 and reported its most recent data for fiscal year 2019. In that period, it reported $34,831 in total revenue and $2,084 in total expenses, with net assets of $1,369,915.

Mission

SUPPORT PROJECTS AND AWARDING GRANTS AND SCHOLARSHIPS TO PROGRAMS INVOLVED IN JOURNALISM, LITERACY AND EDUCATIONAL ACTIVITIES SURROUNDING THE HARVARD BUSINESS SCHOOL.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $34,831
Other Revenue $0
TOTAL REVENUE $34,831

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,084
TOTAL EXPENSES $2,084

Year-over-Year Comparison

2019 2018 Change
Revenue $34,831 $35,154 0.0%
Expenses $2,084 $64,251 -1.0%
Net Income $32,747 $-29,097 -2.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
5

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHI FERREOL TRUSTEE 5.00
Director
$0 $0 $0
ALICE WANG TRUSTEE 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2020 $34,831 $2,084 $1,371,765 $32,747
2019 $35,154 $64,251 $1,330,331 $-29,097
2018 $51,839 $66,019 $1,312,563 $-14,180
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