Hult International Business School Inc
- Assets
- $109.5m
- Revenue
- $179.1m
- Investments
- $0.0
- Employees
- 468
- Location
- Cambridge, MA
- Founding
- 06/1997
- Data as of
- 07/2022
- EIN
- 04-3348440
Organization Overview
Hult International Business School Inc is located in Cambridge, MA. The organization was established in 1997. As of 07/2022, Hult International Business School Inc employed 468 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hult International Business School Inc 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 07/2022, Hult International Business School Inc generated $179.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $181.7m during the year ending 07/2022. While expenses have increased by 12.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HULT INTERNATIONAL BUSINESS SCHOOL IS A GLOBAL INSTITUTION THAT TRANSFORMS LIVES BY PROVIDING AN EXCEPTIONALLY VALUABLE AND ENDURING EDUCATION THAT BRINGS TOGETHER PEOPLE, CULTURES AND IDEAS FROM ALL AROUND THE WORLD. THE SCHOOL ENCOURAGES PERSONAL GROWTH, INTELLECTUAL INTEGRITY, GLOBAL SENSITIVITY, LOCAL ENGAGEMENT, AND CIVIC VALUES, SO THAT STUDENTS ARE ABLE TO FLOURISH IN THE GLOBAL ECONOMY AND ARE EMPOWERED TO CONTRIBUTE MEANINGFULLY TO THEIR BUSINESS AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL OFFERS ONE YEAR MASTERS PROGRAMS IN BUSINESS ADMINISTRATION, FINANCE, INTERNATIONAL BUSINESS AND INTERNATIONAL MARKETING, AS WELL AS A BACHELORS PROGRAM IN BUSINESS ADMINISTRATION, TO A BROADLY-BASED INTERNATIONAL STUDENT BODY. THE SCHOOL HAS CAMPUS LOCATIONS IN CAMBRIDGE, MASSACHUSETTS, AND SAN FRANCISCO, CALIFORNIA, AND ALSO SERVICES STUDENTS IN LONDON, UNITED KINGDOM, DUBAI, UNITED ARAB EMIRATES AND SHANGHAI, CHINA. DURING THE 2022 ACADEMIC YEAR, THE SCHOOL HAD APPROXIMATELY 3,700 STUDENTS ENROLLED IN ALL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Omar Romero Hernandez Hult School Professor | 40 | $363,971 | |
Manpreet Dhillon Executive VP Of Pg & Dean Of Faculty | 40 | $327,011 | |
Luis Escamilla Arroyo Full Time Faculty | 40 | $323,973 | |
Gonzalo Chavez Hult School Professor | 40 | $297,266 | |
Ahmad Ashkar COO Global Case Challenge | 40 | $281,091 | |
Marcus Friberg Clerk/financial Manager | Officer | 40 | $141,311 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kirkland & Ellis Llp Legal Services | 7/30/22 | $1,247,762 |
Brunswick Legal Services | 7/30/22 | $500,000 |
Mintz Levin Legal Services | 7/30/22 | $198,123 |
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 | $179,058,503 |
| Investment income | $79,017 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $179,137,520 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,160,977 |
| Grants and other assistance to Foreign Orgs/Individuals | $39,462,644 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $162,394 |
| Compensation of current officers, directors, key employees. | $162,394 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,480,594 |
| Pension plan accruals and contributions | $223,342 |
| Other employee benefits | $1,481,472 |
| Payroll taxes | $1,281,551 |
| Fees for services: Management | $11,275,266 |
| Fees for services: Legal | $4,145,924 |
| Fees for services: Accounting | $93,677 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,289,544 |
| Advertising and promotion | $0 |
| Office expenses | $1,000,432 |
| Information technology | $0 |
| Royalties | $8,095,000 |
| Occupancy | $20,340,282 |
| Travel | $213,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $660,372 |
| Insurance | $0 |
| All other expenses | $1,064,367 |
| Total functional expenses | $181,717,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,437,025 |
| Savings and temporary cash investments | $69,637,003 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,296,266 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,618,488 |
| Net Land, buildings, and equipment | $1,329,664 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,207,060 |
| Total assets | $109,525,506 |
| Accounts payable and accrued expenses | $14,301,107 |
| Grants payable | $0 |
| Deferred revenue | $61,962,132 |
| 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 | $9,865,916 |
| Total liabilities | $86,129,155 |
| Net assets without donor restrictions | $23,396,351 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $109,525,506 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hult International Business School Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $7,000 |
Endowment Analysis
| Beg. Balance | $7,110 |
| Ending Balance | $7,110 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hult International Business School Inc Cambridge, MA | $109,525,506 | $179,137,520 |
Massachusetts Museum Of Contemporary Art Foundation Inc North Adams, MA | $85,285,918 | $22,079,829 |
Harvard Business School Club Of New York Inc New York, NY | $2,494,386 | $2,020,153 |
Harvard Business School Association Of Boston Milton, MA | $278,615 | $363,912 |
National Graduate School Of Quality Management Inc West Falmouth, MA | $0 | $2,519 |
Lynn Business-Education Foundation Inc Lynn, MA | $111,500 | $0 |
Harbus News Corporation Boston, MA | $173,768 | $0 |
Granville Academy Of Waterbury Inc Waterbury, CT | $25,336 | $0 |
Vscpa Educational Foundation Danville, VT | $26,038 | $0 |