Harmony Fund INC FY2023 filing

Tax-deductible

Holden, MA501(c)(3)AnimalsEIN 27-1293736

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The Harmony Fund sponsors international animal rescue and wildlife protection.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$92K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $819 a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$92K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $25K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-20% vs prior year
Spent
$1.2M
To programs
93%
Net assets
$161K
By yearFY2019–FY2024
Revenue
$1.1M
FY2023▼ -20%
Revenue by fiscal year
FY2019$599K
FY2020$685K
FY2021$747K
FY2022$1.4M
FY2023$1.1M
FY2024$1.4M
Expenses
$1.2M
FY2023▼ -6%
Expenses by fiscal year
FY2019$623K
FY2020$613K
FY2021$743K
FY2022$1.2M
FY2023$1.2M
FY2024$1.5M
Net assets
$161K
FY2023▼ -31%
Net assets by fiscal year
FY2019$12K
FY2020$87K
FY2021$92K
FY2022$235K
FY2023$161K
FY2024$56K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $1.1M Management & general 4% · $51K Fundraising 2% · $28K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $92K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice President
$92,200Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Laura Simpson’s $92K as Vice President is at the 38th percentile of top reported officer pay among 1137 $1–10M animals nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Laura Simpson$92,200$92,200$92,200$84,400$84,565$81,828

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Harmony Fund INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Sponsors international animal rescue and wildlife protection efforts.

Provided by the organization

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1 program · $1.1M · in their own filed words · FY2023
01

To sustain and expand powerful initiatives to protect animals and the environment.

$1.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$25K
Grants paid · 11 grants · $209K · 2019–2023
Unitemized GrantFY2023$26,163
Unitemized GrantFY2023$3,000
Unitemized GrantFY2023$1,560
Unitemized GrantFY2022$24,300
Unitemized GrantFY2022$2,750
Unitemized GrantFY2022$1,560
Unitemized GrantFY2021$28,045
Unitemized GrantFY2021$2,605
Unitemized GrantFY2020$53,716
Unitemized GrantFY2019$32,443
Unitemized GrantFY2019$32,443

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$3K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.1M
Managementcol C$51K
Fundraisingcol D$28K
Owns and owesPt X
$161K
net assets · Ln 32
Cash and savingsLn 1–2$166K
Total assetsLn 16$172K
LiabilitiesLn 26$10K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$3K
Gains on assetsLn 7$3K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$166K
Cash and savings togetherLn 1–2$166K
InvestmentsLn 11–13$2K
Total assetsLn 16$172K
LiabilitiesLn 26$10K
Net assetsLn 32$161K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$215K$166K
InvestmentsLn 11–13$27K$2K
Total assetsLn 16$246K$172K
LiabilitiesLn 26$11K$10K
Net assetsLn 32$235K$161K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$31K$31K
Grants and assistance to foreign recipientsLn 3$897K$897K
Pay of current officers, directors and key staffLn 5$92K$74K$12K$6K
Other employee benefitsLn 9$13K$10K$2K$909
Payroll taxesLn 10$7K$6K$942$507
Legal feesLn 11b$572$572
Accounting feesLn 11c$21K$21K
Other fees for servicesLn 11g$7K$7K
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$4K$4K
Information technologyLn 14$2K$706$947$240
Other expenses (24a–d)Ln 24$73K$63K$3K$6K
Total functional expensesLn 25$1.2M$1.1M$51K$28K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.4M$1.5M−$104K$56K 990 PDF
FY2023 Viewing $1.1M$1.2M−$75K$161K 990 PDF
FY2022 $1.4M$1.2M$132K$235K 990 PDF
FY2021 $747K$743K$5K$92K 990 PDF
FY2020 $685K$613K$72K$87K 990 PDF
FY2019 $599K$623K−$24K$12K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $1,085,536 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,082,581
VIII-1h Total contributions, gifts and grants$1,082,581
VIII-3 Investment incomeExcluded from tax $109$109
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,846$2,846
VIII-12 Total revenueRelated to mission $2,846 · Unrelated business $0 · Excluded from tax $109$1,085,536
Part IX · Statement of functional expenses $1,160,562 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $30,723$30,723
IX-3 Grants and assistance to foreign recipientsPrograms $897,248$897,248
IX-5 Pay of current officers, directors and key staffPrograms $73,760 · Management $11,986 · Fundraising $6,454$92,200
IX-9 Other employee benefitsPrograms $10,390 · Management $1,689 · Fundraising $909$12,988
IX-10 Payroll taxesPrograms $5,795 · Management $942 · Fundraising $507$7,244
IX-11b Legal feesManagement $572$572
IX-11c Accounting feesManagement $20,710$20,710
IX-11g Other fees for servicesManagement $7,251$7,251
IX-12 Advertising and promotionFundraising $13,524$13,524
IX-13 Office expensesManagement $3,679$3,679
IX-14 Information technologyPrograms $706 · Management $947 · Fundraising $240$1,893
IX-24 Other expenses (24a–d)Programs $63,447 · Management $3,109 · Fundraising $5,974$72,530
IX-25 Total functional expensesPrograms $1,082,069 · Management $50,885 · Fundraising $27,608$1,160,562
Part X · Balance sheet $171,524 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $214,568$166,025
X-4 Accounts receivableStart of year $4,350$3,750
X-11 Publicly traded securitiesStart of year $27,175$1,749
X-16 Total assetsStart of year $246,093$171,524
X-17 Accounts payable and accrued expensesStart of year $11,420$10,223
X-26 Total liabilitiesStart of year $11,420$10,223
X-27 Net assets without donor restrictionsStart of year $234,673$161,301
X-32 Total net assets or fund balancesStart of year $234,673$161,301
X-33 Total liabilities and net assetsStart of year $246,093$171,524
Part XI · Reconciliation of net assets $161,301 net assets at year end
XI-1 Total revenue$1,085,536
XI-2 Total expenses$1,160,562
XI-3 Revenue less expenses−$75,026
XI-4 Net assets at start of year$234,673
XI-5 Net unrealized gains (losses) on investments$1,654
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$161,301

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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