Overview
What is Harbor Community Benefit Foundation?
Harbor Community Benefit Foundation is a nonprofit organization based in San Pedro, California. Established in 2020, they launched the Healthy Harbor Community Initiative (HHCI) grant program, an annual health-focused initiative aimed at offsetting the impacts of port-related operations. In the year 2021, grants ranging from $21,000 to $135,000 were awarded to four organizations. This initiative is part of the foundation's ongoing commitment to improving community health within the San Pedro area. While specific activities or mission details are not explicitly stated, the foundation's actions suggest a focus on supporting local organizations and promoting health and wellness in the community.
Official website here: www.hcbf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 84% - Three-Star out of Four Star rating
The Harbor Community Benefit Foundation has received a Three-Star rating from Charity Navigator, reflecting an overall score of 84%. This rating is primarily based on the organization's performance in Accountability & Finance, which indicates a strong commitment to transparency and responsible financial management.
One of the foundation's notable strengths is its governance structure, with a fully independent board comprising seven members, which enhances its accountability. The organization has demonstrated excellent financial practices, as evidenced by a high program expense ratio of 86.86%, indicating that a significant portion of its funding is directed towards its programs rather than administrative costs. Additionally, it has established various policies, including those for conflict of interest and whistleblower protections, further bolstering its transparency.
However, the foundation has room for improvement, particularly in its liabilities to assets ratio, which stands at 65.70%. This score may signal potential concerns regarding financial stability if not addressed. Overall, while the Harbor Community Benefit Foundation showcases commendable accountability and financial management, attention to its financial ratios could enhance its overall standing and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Harbor Community Benefit Foundation legitimate?
Harbor Community Benefit Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harbor Community Benefit Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $120,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $69,991
For more financial information, click here
Official website here: www.hcbf.org
What is the mission statement of Harbor Community Benefit Foundation?
The Harbor Community Benefit Foundation, through its Healthy Harbor Community Initiative (HHCI) grant program, aims to alleviate the health impacts caused by port-related operations. Initiated in 2020, this annual grant supports various organizations, allocating funds ranging from $21,000 to $135,000. This initiative is part of the foundation's broader efforts to promote community health. The foundation's work focuses on the city of San Pedro, California.
Official website here: www.hcbf.org
Who is the CEO of Harbor Community Benefit Foundation?
Ed Avol is the Chair of Harbor Community Benefit Foundation.
Official website here: www.hcbf.org
What is the revenue of Harbor Community Benefit Foundation?
Harbor Community Benefit Foundation's revenue in 2022 was $705,831.
Official website here: www.hcbf.org
Who are the executives of Harbor Community Benefit Foundation and what are their salaries?
The average compensation at Harbor Community Benefit Foundation during 2022 was $63,330. There are 3 employees and 1 volunteer at Harbor Community Benefit Foundation.
Here are 8 key members and their salaries:
- Compensation: $120,000
- Related: $0
- Other: $4,800
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hcbf.org
Where can I find the form 990 for Harbor Community Benefit Foundation?
Harbor Community Benefit Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hcbf.org
Learn more at the official website: www.hcbf.org
Mission Statement of Harbor Community Benefit Foundation
The Harbor Community Benefit Foundation, headquartered in an unspecified location, is a charitable organization that focuses on promoting community health. One of its key initiatives is the Healthy Harbor Community Initiative (HHCI) grant program, which was established in 2020. This program aims to provide financial support to various organizations, with grants ranging from $21,000 to $135,000 in 2021, to help mitigate the impacts of port-related operations. This initiative is an annual event, demonstrating the foundation's ongoing commitment to health-focused projects. The HHCI grant program is an integral part of the foundation's efforts in San Pedro, California. By funding organizations in this way, the Harbor Community Benefit Foundation is working towards bettering the health of its community.
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Impact
July, 2024
The Harbor Community Benefit Foundation's impact can be seen through its Healthy Harbor Community Initiative (HHCI) grant program, which aims to offset the impacts of port-related operations in San Pedro, California. This initiative provides annual health-focused grants to organizations, ranging from $21,000 to $135,000. Such grants contribute to improving the well-being of the community and addressing environmental concerns, aligning with the foundation's mission to support the health and vitality of the San Pedro area.
This information is meant to be a general summary of Harbor Community Benefit Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $17
- Gross Receipts: $705,831
Assets and Liabilities:
- Total Assets: $709,268
- Total Liabilities: $466,010
- Net Assets: $243,258
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Organization Details
Founding Year
2011
Principal Officer
Ed Avol
Main Address
302 W 5TH STREET STE 300, San Pedro, CA, 90731
Website
www.hcbf.orgNTEE Category
Code: C20 - Environment
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