philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Harbour School Foundation INC FY2021 filing

Tax-deductible

Annapolis, MD501(c)(3)Education EIN 52-2045745Revenue $2.3M in FY2021Latest return filed Mar 23, 2026

On file with the IRSAnnapolis, MDTax-exempt since Jan 1998Supporting organization — 509(a)(3)

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $1,000 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

To provide fundraising support to innovative learning, INC., a non-profit School that provides education to students with learning disabilities. Also to provide programs outside of the School day to further the social education of the students.

501(c)(3) charity; gifts are tax-deductible.
81¢ 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
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
5 of 5
filings with a surplus
Average surplus $1.9M a year · 70% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Plus $13.5M in investments, Pt X · Ln 11–13
Looks good: 6.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $18K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$655K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 7 voting members
Looks good: 5 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
Spent
$630K
To programs
81%
Net assets
$20.5M
By yearFY2021–FY2025
Revenue
$2.3M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$2.3M
FY2022$2.6M
FY2023$1.9M
FY2024$3.1M
FY2025$3.6M
Expenses
$630K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$630K
FY2022$656K
FY2023$647K
FY2024$918K
FY2025$1.1M
Net assets
$20.5M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$20.5M
FY2022$19.9M
FY2023$22.6M
FY2024$26.1M
FY2025$29.1M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 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 Jan 1998.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $513K Management & general 17% · $110K Fundraising 1% · $8K

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

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Martha Schneider
Secretarytreasurer
$0Pt VII · Sec A
Linda Jacobs
President
$0Pt VII · Sec A
Jay Turakhia
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Yvonne Callaway
Vice-President
$0Pt VII · Sec A
See Harbour School Foundation INC executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises funds and offers after-school programs for students with learning disabilities.

Questions for Harbour School Foundation INC

Tap to ask. Harbour School Foundation INC sees how many people are interested.

Your first name shows with your question. Harbour School Foundation INC answers here, for everyone.

1 program · $513K · in their own filed words · FY2020
01

Provided fundraising support to Innovative Learning, Inc, a non-profit school that provides education to students with learning disabilities and programs outside the school to further the social eduction of the students.

$513Kprogram 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
American Online Giving Foundation INCFY2024$10K
T Rowe Price Program for Charitable Giving INCFY2024$8K
Total grants receivedfrom 2 funders$18K
Grants paid · 5 grants · $2.6M · 2020–2024
Innovative Learning INCMD · FY2024$825,000
Innovative Learning INCMD · FY2023$624,200
Innovative Learning INCMD · FY2022$387,000
Innovative Learning INCMD · FY2021$380,000
Innovative Learning INCMD · FY2020$380,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.3M
Ln 12
Other incomeLn 4–11$1.4M
Investment incomeLn 3$667K
Gifts and grantsLn 1h$188K
Money outPt IX
$630K
Ln 25
Programscol B$513K
Managementcol C$110K
Fundraisingcol D$8K
Owns and owesPt X
$20.5M
net assets · Ln 32
Cash and savingsLn 1–2$321K
Total assetsLn 16$21.2M
LiabilitiesLn 26$655K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$188K
Investment incomeLn 3$667K
Other incomeLn 4–11$1.4M
Gains on assetsLn 7$437K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$321K
Cash and savings togetherLn 1–2$321K
Accounts receivableLn 4$2K
Land, buildings, equipmentLn 10c$5.7M
InvestmentsLn 11–13$13.5M
Other assetsLn 15$1.7M
Total assetsLn 16$21.2M
LiabilitiesLn 26$655K
Net assetsLn 32$20.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$187K$321K
InvestmentsLn 11–13$9.9M$13.5M
Land, buildings, equipmentLn 10c$5.8M$5.7M
Total assetsLn 16$17.5M$21.2M
LiabilitiesLn 26$757K$655K
Net assetsLn 32$16.7M$20.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$380K$380K
Investment management feesLn 11f$88K$88K
InterestLn 20$272$272
Depreciation, depletion and amortizationLn 22$156K$133K$16K$8K
Other expenses (24a–d)Ln 24$6K$6K
Total functional expensesLn 25$630K$513K$110K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 23, 2026 $3.6M$1.1M$2.5M$29.1M 990 PDF
FY2024Filed with the IRS Mar 26, 2025 $3.1M$918K$2.2M$26.1M 990 PDF
FY2023Filed with the IRS Apr 11, 2024 $1.9M$647K$1.3M$22.6M 990 PDF
FY2022Filed with the IRS Mar 23, 2023 $2.6M$656K$2.0M$19.9M 990 PDF
FY2021 ViewingFiled with the IRS Feb 23, 2022 $2.3M$630K$1.6M$20.5M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $2,278,682 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $161,735$188,360
I-9 Program service revenue$0
I-10 Investment incomePrior year $609,206$666,651
I-11 Other revenuePrior year $1,542,683$1,423,671
I-12 Total revenuePrior year $2,313,624$2,278,682
I-13 Grants and similar amounts paidPrior year $380,000$380,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $244,317$250,292
I-18 Total expensesPrior year $624,317$630,292
I-19 Revenue less expensesPrior year $1,689,307$1,648,390
Part VI · Governance 5 of 7 board members independent, 5 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $2,278,682 across 8 lines filed
VIII-1f All other contributions, gifts and grants$188,360
VIII-1h Total contributions, gifts and grants$188,360
VIII-3 Investment incomeExcluded from tax $229,199$229,199
VIII-6 Net rental income or lossExcluded from tax $1,379,807$1,379,807
VIII-7 Net gain or loss on sales of assetsExcluded from tax $437,452$437,452
VIII-8 Net income from fundraising eventsExcluded from tax $42,814$42,814
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,050$1,050
VIII-12 Total revenueRelated to mission $1,050 · Unrelated business $0 · Excluded from tax $2,089,272$2,278,682
Part IX · Statement of functional expenses $630,292 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $380,000$380,000
IX-11f Investment management feesManagement $88,110$88,110
IX-20 InterestManagement $272$272
IX-22 Depreciation, depletion and amortizationPrograms $132,578 · Management $15,597 · Fundraising $7,799$155,974
IX-24 Other expenses (24a–d)Management $5,936$5,936
IX-25 Total functional expensesPrograms $512,578 · Management $109,915 · Fundraising $7,799$630,292
Part X · Balance sheet $21,159,746 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $187,449$321,428
X-4 Accounts receivableStart of year $2,239$2,239
X-10c Land, buildings and equipment, netStart of year $5,810,030$5,654,056
X-11 Publicly traded securitiesStart of year $9,936,335$13,501,114
X-15 Other assetsStart of year $1,545,251$1,680,909
X-16 Total assetsStart of year $17,481,304$21,159,746
X-25 Other liabilitiesStart of year $655,101$655,078
X-26 Total liabilitiesStart of year $756,829$655,078
X-27 Net assets without donor restrictionsStart of year $16,611,846$20,391,960
X-28 Net assets with donor restrictionsStart of year $112,629$112,708
X-32 Total net assets or fund balancesStart of year $16,724,475$20,504,668
X-33 Total liabilities and net assetsStart of year $17,481,304$21,159,746
Part XI · Reconciliation of net assets $20,504,668 net assets at year end
XI-1 Total revenue$2,278,682
XI-2 Total expenses$630,292
XI-3 Revenue less expenses$1,648,390
XI-4 Net assets at start of year$16,724,475
XI-5 Net unrealized gains (losses) on investments$2,131,803
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$20,504,668

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.