President And Fellows Of Harvard College
- Assets
- $72.6b
- Revenue
- $8.9b
- Investments
- $23.6b
- Employees
- 34,241
- Location
- Cambridge, MA
- Founding
- 12/1967
- Data as of
- 06/2021
- EIN
- 04-2103580
Organization Overview
President And Fellows Of Harvard College is located in Cambridge, MA. The organization was established in 1967. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, President And Fellows Of Harvard College employed 34,241 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. President And Fellows Of Harvard College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, President And Fellows Of Harvard College generated $8.9b in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $5.5b during the year ending 06/2021. While expenses have increased by 1.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, President And Fellows Of Harvard College has awarded 2,740 individual grants totaling $1,306,187,765. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
UNDERGRADUATE, GRADUATE, AND PROFESSIONAL EDUCATION AND RESEARCH ACROSS A BROAD ARRAY OF ACADEMIC DOMAINS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND OTHER INSTITUTIONAL ACTIVITIES: HARVARD UNIVERSITY (THE "UNIVERSITY") IS A PRIVATE, NOT-FOR-PROFIT INSTITUTION OF HIGHER EDUCATION WITH APPROXIMATELY 7,131 UNDERGRADUATE AND 14,101 GRADUATE STUDENTS. THE UNIVERSITY INCLUDES THE FACULTY OF ARTS AND SCIENCES (HARVARD COLLEGE), THE JOHN A. PAULSON SCHOOL OF ENGINEERING AND APPLIED SCIENCES, THE DIVISION OF CONTINUING EDUCATION, TEN GRADUATE AND PROFESSIONAL SCHOOLS, THE RADCLIFFE INSTITUTE FOR ADVANCED STUDY, A VARIETY OF RESEARCH MUSEUMS AND INSTITUTES, AND AN EXTENSIVE LIBRARY SYSTEM TO SUPPORT THE TEACHING AND RESEARCH ACTIVITIES OF THE HARVARD COMMUNITY.
SPONSORED RESEARCH ACTIVITIES: THE RANGE OF RESEARCH ACTIVITIES AT HARVARD IS BROAD AND DEEP. HARVARD SCHOLARS CONDUCT RESEARCH IN ALMOST EVERY FIELD, AND SEEK TO EXPAND HUMAN KNOWLEDGE THROUGH ANALYSIS, INNOVATION, AND INSIGHT. AS REPORTED ON PART VIII, RESEARCH IS SUPPORTED BY FEDERAL GRANTS (LINE 1E), NON-FEDERAL SPONSORED GRANTS (LINE 1F) AND NON-FEDERAL SPONSORED CONTRACTS (LINE 2B). THE UNIVERSITY'S PRINCIPAL SOURCE OF FEDERAL SPONSORED FUNDS IS THE DEPARTMENT OF HEALTH AND HUMAN SERVICES. THE UNIVERSITY ALSO HAS MANY NON-FEDERAL SOURCES OF SPONSORED AWARDS, GRANTS, AND CONTRACTS, INCLUDING RESEARCH INSTITUTES, FOUNDATIONS, STATE AND LOCAL GOVERNMENTS, FOREIGN GOVERNMENTS, AND CORPORATIONS. SPONSORED GRANTS AND CONTRACTS NORMALLY PROVIDE FOR THE RECOVERY OF DIRECT AND INDIRECT COSTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Fellow/president | OfficerTrustee | 60 | $1,048,985 |
Name Not Listed Fellow/treasurer | OfficerTrustee | 5 | $0 |
Name Not Listed Fellow | Trustee | 5 | $0 |
Name Not Listed Fellow | Trustee | 5 | $0 |
Name Not Listed Fellow | Trustee | 5 | $0 |
Name Not Listed Fellow; Senior Fellow At Hbs | Trustee | 45 | $172,032 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Yoh Services Llc Employment Services | 6/29/22 | $56,482,576 |
Shawmut Design And Construction Construction Contractor | 6/29/22 | $89,873,727 |
Turner Construction Construction Contractor | 6/29/22 | $35,652,836 |
Lee Kennedy Co Inc Construction Contractor | 6/29/22 | $37,466,152 |
Securitas Security Security Services | 6/29/22 | $31,094,613 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,877,529,760 |
| Investment income | $214,934,659 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $125,483,481 |
| Net Rental Income | $23,912,242 |
| Net Gain/Loss on Asset Sales | $5,042,318,424 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,943,246,824 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $597,352,246 |
| Grants and other assistance to Foreign Orgs/Individuals | $24,514,215 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $10,547,558 |
| Compensation to disqualified persons | $2,161,089 |
| Other salaries and wages | $1,957,424,770 |
| Pension plan accruals and contributions | $205,621,335 |
| Other employee benefits | $213,685,924 |
| Payroll taxes | $124,118,233 |
| Fees for services: Management | $25,860,117 |
| Fees for services: Legal | $21,730,567 |
| Fees for services: Accounting | $2,585,388 |
| Fees for services: Lobbying | $293,393 |
| Fees for services: Fundraising | $238,257 |
| Fees for services: Investment Management | $150,336,248 |
| Fees for services: Other | $440,138,206 |
| Advertising and promotion | $31,658,856 |
| Office expenses | $162,366,385 |
| Information technology | $98,821,037 |
| Royalties | $3,673,471 |
| Occupancy | $272,337,558 |
| Travel | $1,736,885 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,676,151 |
| Interest | $180,250,402 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $387,680,363 |
| Insurance | $15,154,691 |
| All other expenses | $0 |
| Total functional expenses | $5,468,821,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,802,000 |
| Savings and temporary cash investments | $72,302,000 |
| Pledges and grants receivable | $2,396,903,000 |
| Accounts receivable, net | $197,152,000 |
| Loans from Officers, Directors, or Controlling Persons | $2,036,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $375,472,000 |
| Inventories for sale or use | $4,995,000 |
| Prepaid expenses and deferred charges | $297,747,000 |
| Investments—publicly traded securities | $35,558,106,000 |
| Investments—other securities | $23,564,711,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,908,254,000 |
| Total assets | $72,612,094,000 |
| Accounts payable and accrued expenses | $588,490,000 |
| Grants payable | $0 |
| Deferred revenue | $541,028,000 |
| Tax-exempt bond liabilities | $2,133,050,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $3,370,149,000 |
| Other liabilities | $4,544,112,000 |
| Total liabilities | $11,176,829,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $61,435,265,000 |
Grants Awarded
Over the last fiscal year, President And Fellows Of Harvard College has awarded $157,508,356 in support to 334 organizations.
| Grant Recipient | Amount |
|---|---|
FRONTIER SCI TECH FDN PURPOSE: RESEARCH SUB-AWARD | $15,220,846 |
BRIGHAM AND WOMEN'S HOSPITAL INC PURPOSE: RESEARCH SUB-AWARD | $14,247,148 |
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: RESEARCH SUB-AWARD | $10,910,731 |
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: RESEARCH SUB-AWARD | $11,370,365 |
CHILDREN'S HOSPITAL BOSTON PURPOSE: RESEARCH SUB-AWARD | $7,322,192 |
DANA-FARBER CANCER INSTITUTE PURPOSE: RESEARCH SUB-AWARD | $5,594,378 |