Harbor District INC FY2024 filing

Tax-deductible

Milwaukee, WI501(c)(3)EnvironmentEIN 47-1388101Revenue $981K in FY2024

On file with the IRSharbordistrict.org600 E Greenfield Ste 124, 53204-2944 · Milwaukee, WITax-exempt since Apr 2015Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of Harbor District, INC. Is to lead the revitalization of milwaukee's Harbor District by connecting people, supporting a healthy business community, and improving the quality of our natural environment.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$115K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $21K a year · 3% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$115K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $532K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$43K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$981K
+71% vs prior year
Spent
$931K
To programs
90%
Net assets
$1.6M
By yearFY2021–FY2025
Revenue
$981K
FY2024▲ +71%
Tap a bar for its year
Revenue by fiscal year
FY2021$429K
FY2023$575K
FY2024$981K
FY2025$1.1M
Expenses
$931K
FY2024▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2021$504K
FY2023$796K
FY2024$931K
FY2025$975K
Net assets
$1.6M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.7M
FY2023$1.5M
FY2024$1.6M
FY2025$1.7M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2015.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $834K Management & general 7% · $65K Fundraising 3% · $32K

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

19 people listed on the 990; $115K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$115,000Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Cynthia Torhorst’s $115K as CEO is at the 40th percentile of top reported officer pay among 1851 $1–10M environment 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2021
Cynthia Torhorst$115,000———
Tia Torhorst—$115,000$83,141—
Lilith Fowler———$87,890

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.

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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

Revitalizing Milwaukee's harbor by connecting people, supporting businesses, and improving the environment.

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Provided by the organization

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1 program · $834K · in their own filed words · FY2023
01

In the 2023-24 fiscal year, Harbor District, Inc. offered community events; provided support and connections to other resources for business in our district; organized summer events for 2024; held a community festival in partnership with two other organizations to educate and entertain them public on all things fish, water and boats, and…

$834Kprogram expense

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
See all 7 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$981K
Ln 12
Gifts and grantsLn 1h$922K
Fees for servicesLn 2g$58K
Investment incomeLn 3$1K
Money outPt IX
$931K
Ln 25
Programscol B$834K
Managementcol C$65K
Fundraisingcol D$32K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$229K
Total assetsLn 16$1.6M
LiabilitiesLn 26$43K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$922K
Government grantsLn 1e$386K
Noncash giftsLn 1g$4K
Fees for servicesLn 2g$58K
Investment incomeLn 3$1K
Total revenueLn 12$981K
Assets in detailPt X, end of year
CashLn 1$27K
SavingsLn 2$202K
Cash and savings togetherLn 1–2$229K
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$18K
Total assetsLn 16$1.6M
LiabilitiesLn 26$43K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 57
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$195K$229K
Land, buildings, equipmentLn 10c$1.2M$1.1M
Total assetsLn 16$1.7M$1.6M
LiabilitiesLn 26$211K$43K
Net assetsLn 32$1.5M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$108K$79K$12K$17K
Other salaries and wagesLn 7$234K$214K$13K$7K
Other employee benefitsLn 9$18K$16K$1K$1K
Payroll taxesLn 10$29K$25K$2K$2K
Legal feesLn 11b$5K$5K$0$0
Accounting feesLn 11c$31K$4K$27K$0
Other fees for servicesLn 11g$368K$363K$1K$4K
Advertising and promotionLn 12$5K$5K$0$0
Office expensesLn 13$17K$12K$6K$192
Information technologyLn 14$3K$2K$207$198
OccupancyLn 16$9K$7K$637$610
TravelLn 17$3K$3K$0$0
Conferences, conventions and meetingsLn 19$1K$1K$0$0
Depreciation, depletion and amortizationLn 22$60K$60K$86$83
InsuranceLn 23$8K$7K$876$84
Other expenses (24a–d)Ln 24$33K$31K$1K$139
Total functional expensesLn 25$931K$834K$65K$32K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$975K$161K$1.7M 990 PDF
FY2024 Viewing $981K$931K$50K$1.6M 990 PDF
FY2023 $575K$796K−$221K$1.5M 990 PDF
FY2022 Not on file
FY2021 $429K$504K−$75K$1.7M 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 FY2024 990 (6 parts)
Part I · Summary $981,154 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $522,920$922,094
I-9 Program service revenuePrior year $51,443$57,563
I-10 Investment incomePrior year $418$1,497
I-11 Other revenue$0
I-12 Total revenuePrior year $574,781$981,154
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $347,016$388,722
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $448,609$542,469
I-18 Total expensesPrior year $795,625$931,191
I-19 Revenue less expensesPrior year −$220,844$49,963
Part VI · Governance 18 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $981,154 across 7 lines filed
VIII-1e Government grants$385,820
VIII-1f All other contributions, gifts and grants$536,274
VIII-1g Noncash contributions (included above)$3,500
VIII-1h Total contributions, gifts and grants$922,094
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$57,563
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $1,497$1,497
VIII-12 Total revenueRelated to mission $57,563 · Unrelated business $0 · Excluded from tax $1,497$981,154
Part IX · Statement of functional expenses $931,191 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $79,212 · Management $11,500 · Fundraising $17,250$107,962
IX-7 Other salaries and wagesPrograms $213,773 · Management $13,421 · Fundraising $6,644$233,838
IX-9 Other employee benefitsPrograms $15,935 · Management $1,086 · Fundraising $1,041$18,062
IX-10 Payroll taxesPrograms $24,739 · Management $2,104 · Fundraising $2,017$28,860
IX-11b Legal feesPrograms $4,748 · Management $0 · Fundraising $0$4,748
IX-11c Accounting feesPrograms $3,863 · Management $26,718 · Fundraising $0$30,581
IX-11g Other fees for servicesPrograms $362,767 · Management $1,365 · Fundraising $3,915$368,047
IX-12 Advertising and promotionPrograms $4,837 · Management $0 · Fundraising $0$4,837
IX-13 Office expensesPrograms $11,529 · Management $5,699 · Fundraising $192$17,420
IX-14 Information technologyPrograms $2,432 · Management $207 · Fundraising $198$2,837
IX-16 OccupancyPrograms $7,486 · Management $637 · Fundraising $610$8,733
IX-17 TravelPrograms $3,130 · Management $0 · Fundraising $0$3,130
IX-19 Conferences, conventions and meetingsPrograms $1,345 · Management $0 · Fundraising $0$1,345
IX-22 Depreciation, depletion and amortizationPrograms $60,260 · Management $86 · Fundraising $83$60,429
IX-23 InsurancePrograms $6,816 · Management $876 · Fundraising $84$7,776
IX-24 Other expenses (24a–d)Programs $31,032 · Management $1,415 · Fundraising $139$32,586
IX-25 Total functional expensesPrograms $833,904 · Management $65,114 · Fundraising $32,173$931,191
Part X · Balance sheet $1,605,064 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $19,163$27,097
X-2 Savings and temporary cash investmentsStart of year $175,625$202,101
X-3 Pledges and grants receivableStart of year $230,565$163,265
X-4 Accounts receivableStart of year $19,988$1,124
X-9 Prepaid expenses and deferred chargesStart of year $59,466$62,078
X-10c Land, buildings and equipment, netStart of year $1,191,777$1,131,348
X-15 Other assetsStart of year $25,866$18,051
X-16 Total assetsStart of year $1,722,450$1,605,064
X-17 Accounts payable and accrued expensesStart of year $183,088$24,702
X-25 Other liabilitiesStart of year $26,175$18,492
X-26 Total liabilitiesStart of year $210,543$43,194
X-27 Net assets without donor restrictionsStart of year $1,273,038$1,223,714
X-28 Net assets with donor restrictionsStart of year $238,869$338,156
X-32 Total net assets or fund balancesStart of year $1,511,907$1,561,870
X-33 Total liabilities and net assetsStart of year $1,722,450$1,605,064
Part XI · Reconciliation of net assets $1,561,870 net assets at year end
XI-1 Total revenue$981,154
XI-2 Total expenses$931,191
XI-3 Revenue less expenses$49,963
XI-4 Net assets at start of year$1,511,907
XI-10 Net assets at end of year$1,561,870

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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