Harbor Shores Public Asset Fund
Harbor Shores Public Asset Fund reported $10.7 million in revenue and $7.2 million in expenses for calendar year 2025. Of every $100 it spent, $90.15 went to program services, $9.85 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 68.2% of the total. The highest compensation it reported for one person was $273,714 (TREASURER). 2 people received more than $100,000 in reportable compensation. Revenue rose 480% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $7.2MFor context, the median across 371 covered environment charities: $85.82 programs, $10.80 management, $3.38 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $11MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.2% | 83.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.8% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 3.3% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.03 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 68.2% | 87.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 4.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 29.5% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $273,714 | $293,532 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.78% | 1.74% |
| People paid over $100,000 Part VII, line 2 | 2 | 7 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 48.0 | 18.8 |
| Independent voting board members Part VI 1a–1b | 5 of 5 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2025 · Form 990, Part III · the three largest programs by expenseNo description in Part III; see the filing.
Whirlpool corporation community charity golf event: the whirlpool community charity golf event (wccge) is conducted each summer. Over the past 20 years, the wccge has raised over $30 million to support area youth in the community. The fundraising from the wccge has enabled the expansion and growth of local organizations, and the money raised helps around 10,000 youth a year. These organizations include the boys & girls clubs of greater southwest michigan, first tee of benton harbor and the local public school foundations of benton harbor, lakeshore and st. Joseph as well as other youth…
Michigan's great southwest strategic leadership council: the role of the council is to bring leaders from business, government, nonprofit, and education together to work collaboratively to achieve the mission of the council. Leaders are based locally in berrien county, mi and are all volunteer participants
Highest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| TREASURER Officer, 40.00 hrs/week | $247,714 | $0 | $26,000 | $273,714 |
| GENERAL MANAGER Officer, 40.00 hrs/week | $222,243 | $0 | $18,000 | $240,243 |
2 people received more than $100,000 in reportable compensation from Harbor Shores Public Asset Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $470K (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b5 · 5 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5100
- Volunteers Part I, line 650
Private foundation grants it received
1 private foundation reported grants to Harbor Shores Public Asset Fund totaling $500K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Harbor Shores Public Asset Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Harbor Shores Public Asset Fund, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Harbor Shores Public Asset Fund spent in 2025, $90.15 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- California Environmental Justice AllianceOakland, CA · revenue $11M · programs 71.7% · FY2024
- The Trust for TomorrowCreston, NC · revenue $11M · programs 95.4% · FY2025
- Trees AtlantaAtlanta, GA · revenue $11M · programs 88.4% · FY2025
- Center for EcotechnologyDalton, MA · revenue $11M · programs 82.4% · FY2025
- The Holden ArboretumKirtland, OH · revenue $11M · programs 53.3% · FY2025
Questions people ask
How much of Harbor Shores Public Asset Fund's spending goes to programs?
In calendar year 2025, Harbor Shores Public Asset Fund reported that 90.2% of its $7.2 million in expenses went to program services, 9.8% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Harbor Shores Public Asset Fund pay its top executive?
The largest total compensation Harbor Shores Public Asset Fund reported for one person in calendar year 2025 was $273,714, for the role of TREASURER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Harbor Shores Public Asset Fund get its money?
Of $10.7 million in revenue in calendar year 2025, 68.2% came from contributions and grants and 29.5% from program service revenue (Form 990, Part VIII).
Is Harbor Shores Public Asset Fund a registered charity?
The IRS lists EIN 46-4405437 as a 501(c)(3) organization (supporting organization, type i), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202621219349300912 · read the filing · XML
- 2024: Form 990 for calendar year 2024, object 202501259349301430 · read the filing
- 2023: Form 990 for calendar year 2023, object 202421209349301137 · read the filing
- 2022: Form 990 for calendar year 2022, object 202312369349301621 · read the filing
- 2021: Form 990 for calendar year 2021, object 202330129349301713 · read the filing
- 2020: Form 990 for calendar year 2020, object 202112229349300526 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013029349301536 · read the filing
All filings for EIN 46-4405437: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.