Harvard Club of Naples

Nonprofit profile at a glance

EIN
592226964
IRS 990 coverage
2013–2024
Forms available
Form 990 2024, Form 990-N 2012
Location
Naples, FL, USA
Phone
3107209903
Rating
44
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$74,975
Expenses
$84,900
Assets
$874,435
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • Peggy Lamb (President)
  • David Sissman (Vice President)
  • Karen Schmitt (Vice President)

People named in this filing

  • Peggy Lamb (President)
  • David Sissman (Vice President)
  • Karen Schmitt (Vice President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The club is organized and operated exclusively for educational and charitable purposes. In furtherance of such purposes the club shall foster a spirit of fraternity among graduates faculty and students along with service to the community; encourage recreational activities for its members; serve in extending knowledge of the aims and achievements of harvard university; promote the interest of all alumni alumnae in the academic and extracurricular activities of harvard university; represent the interests of the university in southwest Florida; and generally do all things to promote and encourage communications between harvard university and its alumni alumnae resident in its club area of collier and lee counties Florida.

What it reported doing in 2024

Programs are designed to promote interest in the academic and extracurricular activities of Harvard University to encourage communication between Harvard and the greater Naples Community and to provide recreational and educational activities for members. The organization makes a financial contribution to Harvard University in support of financial aid provided to undergraduates from Collier County FL; supports internships for Harvard students working at non-profit organizations in Collier County FL; and provides financial support for non-profit executives from Collier County FL to attend summer programs at Harvard University.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 22
  • Transparency & Controls: 61
  • Accountability: 64
  • Sustainability: 55
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 25.6%; rating input score 26
  • Program expense ratio: 22.6%; rating input score 23
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 81.8%; rating input score 82; 3rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 29.1%; rating input score 29; 42nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -13.2%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 10.3; rating input score 64; 64th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -7.6% per year; rating input score 0; 33rd percentile among comparable filings
  • Revenue growth: -21.9% per year; rating input score 0; 18th percentile among comparable filings
  • Asset growth: 4% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 25.6% of revenue deployed · 22.6% of spending went to programs
  • Governance: 15 of 15 board members independent · 1 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $19K in reported program spending
  • Leadership: top reported pay $0 · 15 people listed
  • Consistency: 32 of 42 current checks pass · 10 findings to review
  • Schedules: 3 filed schedules · includes grants
  • Filing history: 8 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 26/100.
  • High — Financial Efficiency: Program expense ratio scored 23/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Transparency & Controls: Grant itemization coverage scored 29/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 44/100.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Part IX FeesForServicesAccounting column sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Part IX FeesForServicesInvstMgmntFees column sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Part IX FeesForServicesLegal column sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Part IX GrantsToDomesticIndividuals column sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Part IX GrantsToDomesticOrgs column sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Part IX Insurance column sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Part IX OfficeExpenses column sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Part IX OtherSalariesAndWages column sum did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.