Phemus Corporation
- Assets
- $816.5m
- Revenue
- $2.6m
- Investments
- $764.2m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 08/1989
- Data as of
- 06/2021
- EIN
- 04-2997367
Organization Overview
Phemus Corporation is located in Boston, MA. The organization was established in 1989. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phemus Corporation 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, Phemus Corporation generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (49.4%) each year. All expenses for the organization totaled $4.8m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
INVEST FUNDS FOR THE BENEFIT OF PRESIDENT & FELLOWS OF HARVARD COLLEGE, A RELATED 501(C)(3) SUPPORTED ORGANIZATION.
Describe the Organization's Program Activity:
PHEMUS CORPORATION INVESTS FUNDS FOR THE BENEFIT OF PRESIDENT AND FELLOWS OF HARVARD COLLEGE, A RELATED 501(C)(3) SUPPORTED ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Treasurer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ropes & Gray Llp Legal Services | 6/29/21 | $2,058,259 |
Solum Partners Lp Investment Management | 6/29/21 | $897,677 |
Fti Consulting Inc Advisory Services | 6/29/21 | $854,000 |
Intralinks Inc Information Services | 6/29/21 | $615,906 |
Grapevine Capital Partners Llc Investment Management | 6/29/21 | $594,725 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | -$9,819,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,658,015 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,773,607 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,564,792 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $214,497 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,589 |
| Payroll taxes | $15,065 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,321 |
| Fees for services: Accounting | $2,708 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $151,224 |
| Advertising and promotion | $627 |
| Office expenses | $49,779 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,476 |
| Travel | $227 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $409 |
| Interest | $298,917 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $37,184 |
| All other expenses | -$99,914 |
| Total functional expenses | $4,804,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,896,286 |
| Savings and temporary cash investments | $20,062 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,534,216 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,058,969 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,711,653 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $764,158,591 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,099,738 |
| Total assets | $816,479,515 |
| Accounts payable and accrued expenses | $6,526,195 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $468,040 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,069,693 |
| Total liabilities | $33,063,928 |
| 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 | $2,298,400,794 |
| Retained earnings, endowment, accumulated income, or other funds | -$1,514,985,207 |
| Total liabilities and net assets/fund balances | $816,479,515 |
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| Organization Name | Assets | Revenue |
|---|---|---|
Hunter College Foundation Inc New York, NY | $144,509,988 | $37,248,838 |
The American Friends Of Winchester College New York, NY | $259,900 | $15,435,931 |
Friends Of@ascend Charter Schools Inc Brooklyn, NY | $51,013,536 | $16,135,870 |
Equitable Facilities Fund Inc New York, NY | $843,754,758 | $34,535,002 |
Dudley Square Realty Corporation Boston, MA | $98,074,702 | $123 |
Auxiliary Campus Enterprises And Services State University College Alfred, NY | $11,814,689 | $16,740,654 |
College Of Staten Island Auxiliary Services Corp Inc Staten Island, NY | $62,695,629 | $9,780,570 |
American Friends Of The National Gallery London Inc New York, NY | $305,852,204 | $2,300,126 |
Auxiliary Services Corporation Of Suny Cortland Cortland, NY | $19,099,097 | $10,450,642 |
The Roosevelt Institute New York, NY | $39,947,474 | $14,561,739 |
Empire Commons Student Housing Inc Albany, NY | $47,889,992 | $16,000,956 |
Prep For Prep New York, NY | $67,702,952 | $11,458,262 |