Harvard Business School Publishing Corporation
- Assets
- $197.8m
- Revenue
- $278.3m
- Investments
- $0.0
- Employees
- 526
- Location
- Brighton, MA
- Founding
- 12/1993
- Data as of
- 06/2021
- EIN
- 04-3177990
Organization Overview
Harvard Business School Publishing Corporation is located in Brighton, MA. The organization was established in 1993. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Harvard Business School Publishing Corporation employed 526 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvard Business School Publishing 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, Harvard Business School Publishing Corporation generated $278.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $270.4m during the year ending 06/2021. While expenses have increased by 2.9% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O MANAGEMENT EDUCATION TO INDIVIDUAL MANAGERS
SEE SCHEDULE O MANAGEMENT EDUCATION IN SUPPORT OF HIGHER EDUCATION
SEE SCHEDULE O MANAGEMENT EDUCATION TO CORPORATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Wan Director, Former Pres/ceo | Trustee | 45 | $1,248,109 |
Suraj Srinivasan Director | Trustee | 2 | $0 |
Das Narayandas Chairman Of The Board | Trustee | 5 | $9,000 |
Joshua Macht Acting CEO | Officer | 45 | $602,484 |
Nicholas Clayton Vp, Global Sales | 45 | $628,894 | |
Robin L Camara Sr Vp/clerk | 45 | $602,822 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Knft Temporary Help | 6/29/22 | $2,673,830 |
Unosquare Llc Employment Agency | 6/29/22 | $2,673,104 |
Beacon Hill Staffing Group Llc Temporary Help | 6/29/22 | $1,940,954 |
Norris Group Llc Temporary Help | 6/29/22 | $1,189,970 |
Alight Solutions Llc Consultants | 6/29/22 | $1,035,088 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $12,656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $17,051,910 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $278,305,243 |
| Statement of Expenses | |
|---|---|
| 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. | $4,786,276 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,548,021 |
| Pension plan accruals and contributions | $5,023,935 |
| Other employee benefits | $7,113,003 |
| Payroll taxes | $4,364,495 |
| Fees for services: Management | $74,948 |
| Fees for services: Legal | $59,851 |
| Fees for services: Accounting | $507,572 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,197,702 |
| Advertising and promotion | $6,434,109 |
| Office expenses | $5,425,922 |
| Information technology | $8,552,497 |
| Royalties | $15,683,976 |
| Occupancy | $4,477,356 |
| Travel | $184,420 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,981 |
| Interest | $0 |
| Payments to affiliates | $66,088,849 |
| Depreciation, depletion, and amortization | $3,119,349 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $270,364,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $95,222,511 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,234,826 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,808,826 |
| Prepaid expenses and deferred charges | $6,986,951 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,924 |
| Intangible assets | $0 |
| Other assets | $28,538,613 |
| Total assets | $197,818,423 |
| Accounts payable and accrued expenses | $45,185,126 |
| Grants payable | $0 |
| Deferred revenue | $66,562,258 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,613,516 |
| Total liabilities | $151,360,900 |
| 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 | $46,457,523 |