Harry K Foundation EIN 46-2934019

Harry K Foundation

EIN  46-2934019 Public charity (501(c)(3)) Rehoboth Bch, DE
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Feeds hungry and food-insecure children in Delaware.
Leadership
Laura Glascoe · Vice Preside
Money in and out
$465K revenue, $561K expenses
Bottom line
84% program efficiency

Feeds hungry and food-insecure children in Delaware. For fiscal year 2024 it reported $465K in revenue, $561K in expenses, and $680K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$465K
Pt VIII · Ln 12
Total expenses
$561K
Pt IX · Ln 25
Net assets
$680K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$96K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.15 Fundraising $0.01
Program efficiency
84%
of spending reaches programs▲ +12% vs prior filing year
Operating runway
14.5mo
months of highly liquid reserves at operating expense rate▼ -42% vs prior filing year
Surplus margin
-21%
revenue over expenses, this year▼ -227% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$465K
FY2024▲ +4%
Expenses
$561K
FY2024▲ +50%
Total assets
$681K
FY2024▼ -12%
Total liabilities
$127
FY2024▼ -70%
Total revenue
$465K
Pt VIII · Ln 12
Total expenses
$561K
Pt IX · Ln 25
Net assets
$680K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$96K
Total assetsPt X · Ln 16$681K
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $470K of program spending, described in the organization's own filed words · FY2024.
01

Donations to food banks and exempt organizations.

$470Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHarry K Foundation
EINHdr · item D46-2934019
Principal addressHdr · item CRehoboth Bch, DE
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B80)
Ruling yearIRS BMFJul 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Harry K Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$376K · 81%
Other revenue$88K · 19%
Contributions & grants81%$376K
Other revenue19%$88K
Investment income$748
— government grantsLn 1e$6K
Total revenueLn 12$465K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.15 Fundraising $0.01
Program services84%$470K
Management & general15%$84K
Fundraising1%$8K
Total functional expensesLn 25$561K

Balance Sheet

Part X · end of year
CashLn 1$681K
Total assetsLn 16$681K
Total liabilitiesLn 26$127
Total net assetsLn 32$680K
Months of cash on handcomputed14.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $681K · Operating expenses/yr $561K
14.5 months
Where the money goes
Program services
Program services $470K · Total expenses $561K
84%
Management & General
Management & general $84K · Total expenses $561K
15%
Fundraising
Fundraising $8K · Total expenses $561K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $7K · Solicited contributions (3-yr avg) $338K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $376K · Total revenue $465K
81%
Government reliance
Government grants $6K · Total revenue $465K
1%
Earned-income share
Program service revenue $0 · Total revenue $465K
0%
Investment reliance
Investment income $748 · Total revenue $465K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $561K
0%
Growth & trend
Revenue growth (YoY)
This year $465K · Prior year $447K
+4%
Revenue CAGR
FY2019 $469K · FY2024 $465K
0%
Net-asset trend (YoY)
End of year $680K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $465K · Expenses $561K
-21%
Liabilities-to-Assets
Total liabilities — · Total assets $681K
Net-asset ratio
Net assets $680K · Total assets $681K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $681K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Laura Glascoe · Reported title VICE PRESIDE · Highest reported compensation $0 · Total expenses $561K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $561K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 15%
Fundraising cost ratio 2%
Revenue growth 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 6 grants · $1.6M · 2021–2024
Food Bank of DelmarvaFY2024$440,745
Food Bank of DelmarvaFY2023$257,395
Food Bank of DelmarvaFY2022$273,079
Food Bank of DelmarvaFY2022$273,079
Food Bank of DelmarvaFY2021$303,692
What Is Your Voice INCDE · FY2021$15,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$465K revenue · viewing · ⤓ 990 PDF
FY2023$447K revenue · ⤓ 990 PDF
FY2022$497K revenue · ⤓ 990 PDF
FY2021$624K revenue · ⤓ 990 PDF
FY2020$469K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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