HARC FOUNDATION INC

Address
900 ASYLUM AVENUE
HARTFORD, CT 06105
Contact
Phone: +1 (860) 218-6000
Nonprofit
NTEE: P11 - Single Organization Support
EIN: 46-3961921

Mission

THE CORPORATION IS FORMED TO DEVELOP, PRUDENTLY MANAGE AND DISBURSE FINANCIAL AND OTHER RESOURCES TO SUPPORT HARC, INC. AND ITS PROGRAMS AND SERVICES.
 20162015
Basic features of the organization
Year of formation2013
Metropolitan statistical area3283
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00$0.00
Number of employees00
Number of people compensated >$100k00
Number of volunteers60
Number of highly compensated contractors00
Personnel
Calnen, Patrice
TitleBOARD MEMBER 
Name of key/compensated personPATRICE CALNEN 
Position of compensated person
Current individual trustee or directorTrue 
Average hours per week working for org1.00 
Reportable compensation from org$0.00 
Other comp, non-reportable, from org and related orgs$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00 
Carroll, Martin
TitleSECRETARYSECRETARY
Name of key/compensated personMARTIN J CARROLLMARTIN J CARROLL
Position of compensated person
Current individual trustee or directorTrueTrue
Average hours per week working for org1.001.00
Reportable compensation from org$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00
Fierston, Seth
TitleCHAIRMANCHAIRMAN
Name of key/compensated personSETH FIERSTON CPA CFPSETH FIERSTON CPA CFP
Position of compensated person
Current individual trustee or directorTrueTrue
Average hours per week working for org1.001.00
Reportable compensation from org$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00
Horak, John
TitlePRESIDENTPRESIDENT
Name of key/compensated personJOHN HORAK ESQJOHN HORAK ESQ
Position of compensated person
Current individual trustee or directorTrueTrue
Average hours per week working for org1.001.00
Reportable compensation from org$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00
O'Neill, Shelagh
TitleBOARD MEMBERBOARD MEMBER
Name of key/compensated personSHELAGH O'NEILLSHELAGH O'NEILL
Position of compensated person
Current individual trustee or directorTrueTrue
Average hours per week working for org1.001.00
Reportable compensation from org$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00
Sambor, Frank
TitleTREASURERTREASURER
Name of key/compensated personFRANK SAMBOR CPAFRANK SAMBOR CPA
Position of compensated person
Current individual trustee or directorTrueTrue
Average hours per week working for org1.001.00
Reportable compensation from org$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTHE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, TO CARRY OUT THE PURPOSES OF AND TO UPHOLD, PROMOTE AND FURTHER THE WELFARE AND ACTIVITIES OF HARC, INC.THE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, TO CARRY OUT THE PURPOSES OF AND TO UPHOLD, PROMOTE AND FURTHER THE WELFARE AND ACTIVITIES OF HARC, INC.
Program service expenses, total$210,698.00$385,987.00
Programs, including revenue & expenses
TO SUPPORT THE PROGRAMS AND SERVICES OF HARC, INC.
Program expenses$210,698.00$385,987.00
Program descriptionTO SUPPORT THE PROGRAMS AND SERVICES OF HARC, INC.TO SUPPORT THE PROGRAMS AND SERVICES OF HARC, INC.
Financial data
Revenue
Total revenue$179,760.00$784,459.00
Revenue from contributions (total)$88,016.00$18,433.00
Investment income, current yr$91,744.00$766,026.00
Total revenue from grants, etc., current yr$88,016.00$18,433.00
Total unrelated business revenue$0.00$0.00
Other revenue, current yr$0.00$0.00
Net unrelated business taxable revenue$0.00$0.00
Program service revenue (total)$0.00 
Gross receipts$1,115,048.00$9,048,143.00
Sources of contributions
Revenue from all other contributions$88,016.00$18,433.00
Other types of revenue
Income from dividends, interest, and similar investments$70,554.00$93,702.00
Net rental income$0.00 
Expense categories (totals)
Total functional expenses: sum of all$233,949.00$406,973.00
Total functional expenses: program service $210,698.00$385,987.00
Total functional expenses: management and general$23,251.00$20,986.00
Total functional expenses: fundraising$0.00$0.00
Fees for services
Fundraising service fees (total)$0.00$0.00
Investment management fees (total)$23,251.00$20,986.00
Assets and liabilities
Total assets$3,645,390.00$3,892,343.00
Total assets, beginning of year$3,892,343.00 
Total liabilities$13,628.00$22,635.00
Total liabilities, beginning of year$22,635.00 
Unrestricted net assets, end of yr$1,673,312.00$1,700,734.00
Temporarily restricted net assets$0.00$210,524.00
Permanently restricted net assets, end of yr$1,958,450.00$1,958,450.00
Net assets$3,631,762.00$3,869,708.00
Net assets, beginning of year$3,869,708.00 
Other liabilities$13,628.00$22,635.00
Other assets$4,843.00$1,250.00
Investments: publicly traded securities$3,496,433.00$3,811,519.00
Cash: non-interest bearing$144,114.00$79,574.00
Cash: non-interest bearing, beginning of year$79,574.00 
Other financial variables
Revenue less expenses-$54,189.00$377,486.00
Total net assets or fund balances$3,631,762.00$3,869,708.00
Governance and accountability
Number of voting members65
Number of independent voting members65
Financial sheets auditedTrueTrue
Audit on consolidated basisTrueTrue
Accrual accountingTrueTrue
Tax year start date2015-07-012014-07-01
Tax year end date2016-06-012015-06-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990
Reason for form submission
First filing True
Date e-filing submitted2017-04-192016-07-13
IRS schema version2015v2.12014v6.0
Filing identifier201613569349300316201600439349300910
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