Michigan · Nonprofit
HARBOR SHORES PUBLIC ASSET FUND INC
HARBOR SHORES PUBLIC ASSET FUND INC (Michigan) receives grants from 5 organizations whose IRS filings report $603,845 to it, the largest being BERRIEN COMMUNITY FOUNDATION INC ($504,595). 4 of them have funded it in more than one year, and 96% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $11M
- Funders on record
- 5
- Grants received
- $604k
- Net assets
- $29M
What Harbor Shores Public Asset Fund Inc does
Mission
Harbor shores public asset fund, inc is engaged in the development and implementation of economic growth in partnership with local communitites and municipalities. It operates as a supporting organization to cornerstone alliance, a public charity.
As stated on its FY2025 Form 990.
Programs
Operation of a public golf course: harbor shores public asset fund, inc. ("hspaf") is organized and operated to provide public recreational facilities for the benefit of the community of benton harbor, michigan. During the fiscal year ended, as part of its mission to restore a blighted area of the community and enhance community access to this area, hspaf owned and operated a public golf course and public park area that is open to the community. The golf course is partially located within the city of benton harbor's jean klock park. The city, through the oversight committee that it controls, reviews and approves the operations of the entire golf course, including the fees to be charged to the public. This ensures that the facilities are available to the community at large for their recreational enjoyment. In addition, hspaf provides the following benefits to the community: 1. Provided days of use to the local first tee golf program for underprivileged youth, at no charge. 2. Provided days of use to local public high schools for practice rounds and matches, at no charge. 3. Provided unlimited passes to residents of the city of benton harbor at significantly reduced cost. 4.…
$3,605,922 spent$3,850,925 earned by the program55% of program spendingWhirlpool 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 programs and organizations.
$2,847,067 spentof which $2,316,489 as grants44% of program spendingMichigan'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.
$80,581 spent1% of program spending
The 3 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $6,533,570.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $30M to $24M (−19%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2020 12%. Grants only. Government contracts and fees sit inside program revenue.
68% of HARBOR SHORES PUBLIC ASSET FUND INC’s revenue is contributions — about as donation-reliant as the typical peer (87% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2022 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $10k → $169k.
4 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 96% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $18M from 2 payers (the payer shares this organization's board, largest Whirlpool Foundation); $50k from one payer (the same organization on both sides, largest Harbor Shores Public Asset Fund Inc). These are real filings, and they are not money HARBOR SHORES PUBLIC ASSET FUND INC raised.
From the IRS filings of HARBOR SHORES PUBLIC ASSET FUND INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
HARBOR SHORES PUBLIC ASSET FUND INC leans on a few funders — its largest provides 84% of grant income and the top three 94%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
96% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund HARBOR SHORES PUBLIC ASSET FUND INC.
Largest funder’s share by year: 2022 100% · 2023 96% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
96% of HARBOR SHORES PUBLIC ASSET FUND INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $25k that is directly attributable, 100% of it comes from funders outside Michigan, across 1 state.
Funder states come from each funder’s own filing. $579k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
HARBOR SHORES PUBLIC ASSET FUND INC runs a healthier operating margin than half of the 195 environment nonprofits its size.
this organization peer median middle 50% of peers· 195 environment nonprofits $10M–$100M, FY2025
Organizations like HARBOR SHORES PUBLIC ASSET FUND INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Michigan
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
90% of spending goes to programs.
Governance
Public support
85%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 4 related entities
- Harbor Shores Golf Course LLC · disregarded
- Southwest Michigan Youth Collective Impact Fund · disregarded
- Cornerstone Alliance · exempt
- Renaissance Development Fund · exempt
Screen this organization
A dated, signed PDF of the compliance screen for HARBOR SHORES PUBLIC ASSET FUND INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds HARBOR SHORES PUBLIC ASSET FUND INC?
- HARBOR SHORES PUBLIC ASSET FUND INC (Michigan) receives grants from 5 organizations whose IRS filings report $603,845 to it, the largest being BERRIEN COMMUNITY FOUNDATION INC ($504,595). 4 of them have funded it in more than one year, and 96% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does HARBOR SHORES PUBLIC ASSET FUND INC have?
- IRS filings report 5 organizations giving $603,845 in grants to HARBOR SHORES PUBLIC ASSET FUND INC, 4 of which have funded it in more than one year.
- Who is the largest funder of HARBOR SHORES PUBLIC ASSET FUND INC?
- BERRIEN COMMUNITY FOUNDATION INC is the largest funder on record, with $504,595 in grants. The full list of funders is on this page.
- How can an organization like HARBOR SHORES PUBLIC ASSET FUND INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Michigan. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing