Harps Foundation FY2021 filing

Tax-deductible

Richmond, VA501(c)(3)Arts & CultureEIN 31-1657824

To develop programs and performance opportunities for children & youth, regardless of financial means or disability, utilizing music as a catalyst for personal growth and community service.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
2 of 5
filings with a surplus
Average surplus $10K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $61K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$17K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$439K
+92% vs prior year
Spent
$290K
To programs
83%
Net assets
$268K
By yearFY2020–FY2024
Revenue
$439K
FY2021▲ +92%
Revenue by fiscal year
FY2020$229K
FY2021$439K
FY2022$191K
FY2023$318K
FY2024$210K
Expenses
$290K
FY2021▲ +67%
Expenses by fiscal year
FY2020$174K
FY2021$290K
FY2022$258K
FY2023$357K
FY2024$256K
Net assets
$268K
FY2021▲ +125%
Net assets by fiscal year
FY2020$119K
FY2021$268K
FY2022$202K
FY2023$162K
FY2024$117K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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 Dec 1999.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $240K Management & general 6% · $19K Fundraising 11% · $31K

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

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Harps Foundation 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 15aNo
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Provides music programs and performance opportunities for children and youth, fostering growth and service.

Provided by the organization

This section is blank until Harps Foundation claims this page.

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1 program service account for $240K of program spending, described in the organization's own filed words · FY2021.
01

Acclaimed as "a national cultural treasure" by the U.S. Department of state, the richmond, va-based harps foundation (dba greenspring foundation) founded in 1999, was created as a 501(c)(3) social justice music education and performance-focused organization.

$240Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$61K
See all 3 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$439K
Ln 12
Gifts and grantsLn 1h$429K
Fees for servicesLn 2g$21K
Money outPt IX
$290K
Ln 25
Programscol B$240K
Managementcol C$19K
Fundraisingcol D$31K
Owns and owesPt X
$268K
net assets · Ln 32
Cash and savingsLn 1–2$162K
Total assetsLn 16$286K
LiabilitiesLn 26$17K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$429K
Government grantsLn 1e$161K
Noncash giftsLn 1g$122K
Fees for servicesLn 2g$21K
Gains on assetsLn 7−$10K
Total revenueLn 12$439K
Assets in detailPt X, end of year
CashLn 1$162K
Cash and savings togetherLn 1–2$162K
Land, buildings, equipmentLn 10c$124K
Total assetsLn 16$286K
LiabilitiesLn 26$17K
Net assetsLn 32$268K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$12K$162K
Land, buildings, equipmentLn 10c$128K$124K
Total assetsLn 16$140K$286K
LiabilitiesLn 26$21K$17K
Net assetsLn 32$119K$268K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$46K$46K
Other employee benefitsLn 9$25K$25K
Payroll taxesLn 10$11K$11K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$22K$9K$13K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$5K$4K$910
Information technologyLn 14$13K$2K$12K
OccupancyLn 16$66K$66K
TravelLn 17$443$443
InterestLn 20$139$139
Depreciation, depletion and amortizationLn 22$21K$21K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$56K$54K$2K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$290K$240K$19K$31K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $210K$256K−$46K$117K 990 PDF
FY2023 $318K$357K−$39K$162K 990 PDF
FY2022 $191K$258K−$67K$202K 990 PDF
FY2021 Viewing $439K$290K$149K$268K 990 PDF
FY2020 $229K$174K$55K$119K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $439,266 across 7 lines filed
VIII-1e Government grants$160,793
VIII-1f All other contributions, gifts and grants$267,728
VIII-1g Noncash contributions (included above)$121,819
VIII-1h Total contributions, gifts and grants$428,521
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,523$20,523
VIII-7 Net gain or loss on sales of assetsRelated to mission −$9,778−$9,778
VIII-12 Total revenueRelated to mission $10,745 · Unrelated business $0 · Excluded from tax $0$439,266
Part IX · Statement of functional expenses $290,047 across 16 lines filed
IX-7 Other salaries and wagesPrograms $46,190$46,190
IX-9 Other employee benefitsPrograms $25,013$25,013
IX-10 Payroll taxesPrograms $11,280$11,280
IX-11b Legal feesManagement $1,092$1,092
IX-11c Accounting feesManagement $5,033$5,033
IX-11g Other fees for servicesPrograms $8,530 · Fundraising $13,483$22,013
IX-12 Advertising and promotionFundraising $5,288$5,288
IX-13 Office expensesPrograms $4,381 · Fundraising $910$5,291
IX-14 Information technologyPrograms $1,504 · Fundraising $11,782$13,286
IX-16 OccupancyPrograms $66,000$66,000
IX-17 TravelPrograms $443$443
IX-20 InterestManagement $139$139
IX-22 Depreciation, depletion and amortizationPrograms $21,445$21,445
IX-23 InsuranceManagement $10,708$10,708
IX-24 Other expenses (24a–d)Programs $54,061 · Management $1,739$55,800
IX-24e All other expensesPrograms $1,026$1,026
IX-25 Total functional expensesPrograms $239,873 · Management $18,711 · Fundraising $31,463$290,047
Part X · Balance sheet $285,568 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $12,125$161,688
X-4 Accounts receivableStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $127,830$123,880
X-16 Total assetsStart of year $139,955$285,568
X-17 Accounts payable and accrued expensesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $7,673$4,066
X-25 Other liabilitiesStart of year $13,355$0
X-26 Total liabilitiesStart of year $21,028$17,421
X-27 Net assets without donor restrictionsStart of year $116,727$265,947
X-28 Net assets with donor restrictionsStart of year $2,200$2,200
X-32 Total net assets or fund balancesStart of year $118,927$268,147
X-33 Total liabilities and net assetsStart of year $139,955$285,568
Part XI · Reconciliation of net assets $268,147 net assets at year end
XI-1 Total revenue$439,266
XI-2 Total expenses$290,047
XI-3 Revenue less expenses$149,219
XI-4 Net assets at start of year$118,927
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$268,147

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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