THE HARWOOD INSTITUTE FOR PUBLIC INNOVATION

EIN: 311510297 501(c)(3) Community Improvement

BETHESDA, MD

Total Revenue
$3,282,138
Total Expenses
$1,637,964
Total Assets
$3,520,328
Net Assets
$2,675,427
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
DE
Principal Officer
RICHARD C HARWOOD
Phone
3016563669
Tax Period
2023-01-01 to 2023-12-31

THE HARWOOD INSTITUTE FOR PUBLIC INNOVATION, founded in 1997, is a community nonprofit in the Community Improvement sector that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 111% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 50% operating margin.

Mission

THE HARWOOD INSTITUTE IS A NON-PROFIT, NONPARTISAN ORGANIZATION THAT EQUIPS PEOPLE, ORGANIZATIONS, COMMUNITIES, AND NETWORKS WITH THE TOOLS TO BRIDGE DIVIDES, BUILD CAPACITY, AND TACKLE SHARED CHALLENGES.

Program Service Accomplishments

Program 1
Expenses: $954,657

COMMUNITY PROGRAMSHARWOOD WORKS WITH LOCAL PARTNERS ACROSS THE COUNTRY TO BUILD MORE EQUITABLE, INCLUSIVE AND HOPEFUL COMMUNITIES ROOTED IN A CULTURE OF SHARED RESPONSIBILITY WHERE COMMUNITY IS A...

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COMMUNITY PROGRAMSHARWOOD WORKS WITH LOCAL PARTNERS ACROSS THE COUNTRY TO BUILD MORE EQUITABLE, INCLUSIVE AND HOPEFUL COMMUNITIES ROOTED IN A CULTURE OF SHARED RESPONSIBILITY WHERE COMMUNITY IS A COMMON ENTERPRISE. THIS WORK HELPS COMMUNITIES COME TOGETHER TO STRENGTHEN THEIR CIVIC CULTURE WHILE EFFECTIVELY ADDRESSING SOCIETY'S GROWING FAULT LINES.

Program 2
Expenses: $495,358 Revenue: $160,047

CONVENINGS AND TRAININGSTHROUGH VARIOUS CONVENINGS AND TRAININGS, HARWOOD TEACHES PEOPLE HOW TO TURN OUTWARD AND TO UNLEASH A CHAIN REACTION OF ACTIONS TO CATALYZE CHANGE IN THEIR COMMUNITIES.

Program 3
Expenses: $16,629

RESEARCH PROGRAMSHARWOOD CONDUCTS VARIOUS RESEARCH PROGRAMS TO UNEARTH HOW COMMUNITIES AND THE COUNTRY ARE AFFECTED BY PREVAILING CONDITIONS, AS WELL AS HOW PEOPLE ARE DEALING WITH AND RESPONDING TO...

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RESEARCH PROGRAMSHARWOOD CONDUCTS VARIOUS RESEARCH PROGRAMS TO UNEARTH HOW COMMUNITIES AND THE COUNTRY ARE AFFECTED BY PREVAILING CONDITIONS, AS WELL AS HOW PEOPLE ARE DEALING WITH AND RESPONDING TO CHALLENGES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,113,187
Program Service Revenue $160,047
Investment Income $8,904
Other Revenue $0
TOTAL REVENUE $3,282,138

Expense Breakdown

Grants Paid $0
Salaries & Benefits $949,320
Fundraising Expenses $880
Program Expenses $1,466,644
Other Expenses $688,644
TOTAL EXPENSES $1,637,964

Year-over-Year Comparison

2023 2022 Change
Revenue $3,282,138 $1,555,496 +1.1%
Expenses $1,637,964 $1,357,000 +0.2%
Net Income $1,644,174 $198,496 +7.3%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
9
Employees
17
Volunteers
9

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
4
$291,866
Total Directors
10
$291,866
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD HARWOOD PRESIDENT 60.00
Officer Director
$277,649 $14,217 $291,866
FORREST MOORE CHAIRMAN 0.40
Officer Director
$0 $0 $0
SHARON ORLOPP TREASURER 0.40
Officer Director
$0 $0 $0
BEVERLY SCHWARTZ SECRETARY 0.40
Officer Director
$0 $0 $0
DAVID SELEB DIRECTOR 0.40
Director
$0 $0 $0
JORGE REINA SCHEMENT DIRECTOR 0.40
Director
$0 $0 $0
SUZANNE WALSH DIRECTOR 0.40
Director
$0 $0 $0
SUZANNE MINECK DIRECTOR 0.40
Director
$0 $0 $0
ROB BARRON DIRECTOR 0.40
Director
$0 $0 $0
VON GORDON DIRECTOR 0.40
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $3,282,138 $1,637,964 $3,520,328 $1,644,174
2022 $1,555,496 $1,357,000 $1,922,248 $198,496
2021 $1,471,274 $1,149,673 $1,218,328 $321,601
2020 $1,095,768 $1,021,444 $783,907 $74,324
2019 $1,655,210 $1,643,889 $687,886 $11,321
2018 $1,819,895 $1,676,878 $685,267 $143,017
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