Harvard Business School Student Association Inc is located in Boston, MA. The organization was established in 1949. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2022, Harvard Business School Student Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvard Business School Student Association 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 05/2021, Harvard Business School Student Association Inc generated $176.0k 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 (25.6%) each year. All expenses for the organization totaled $268.5k during the year ending 05/2021. As we would expect to see with falling revenues, expenses have declined by (19.9%) per year over the past 6 years. 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
ENHANCING STUDENT EXPERIENCE THROUGH SOCIAL EVENTS
ORIENTATION PROGRAMS FOR NEW STUDENTS AT HBS
OTHER ACTIVITIES TO ENHANCE THE STUDENT EXPERIENCE AT HBS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Zoe Matthew Co-President As Of 04/2022 | OfficerTrustee | 10 | $0 |
Sebastian Negron-Reichard Co-President As Of 04/2022 | OfficerTrustee | 10 | $0 |
Samuel Deutsch Senator At 10/21 Head Sen04/22 | OfficerTrustee | 10 | $0 |
Brandon Angelini Head Senator & Senator | OfficerTrustee | 10 | $0 |
Irvin Antonio Gomez Juarez Co-President Thru 04/2022 | OfficerTrustee | 10 | $0 |
Brett Caroline Andersen Co-President Thru 04/2022 | OfficerTrustee | 10 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $74,563 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $27,500 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $102,063 |
Total Program Service Revenue | $8,547 |
Investment income | $1,305 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $2,640 |
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 | $61,265 |
Miscellaneous Revenue | $0 |
Total Revenue | $176,030 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $5,111 |
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 | $82,880 |
Pension plan accruals and contributions | $11,687 |
Other employee benefits | $9,996 |
Payroll taxes | $3,030 |
Fees for services: Management | $0 |
Fees for services: Legal | $5,000 |
Fees for services: Accounting | $37,900 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $1,732 |
Information technology | $494 |
Royalties | $1,961 |
Occupancy | $0 |
Travel | $0 |
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 | $0 |
Insurance | $998 |
All other expenses | $0 |
Total functional expenses | $268,495 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $342,335 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $6,756 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $4,920 |
Prepaid expenses and deferred charges | $197,403 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $570,065 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,121,479 |
Accounts payable and accrued expenses | $71,493 |
Grants payable | $0 |
Deferred revenue | $55,397 |
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 | $0 |
Total liabilities | $126,890 |
Net assets without donor restrictions | $994,589 |
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 | $1,121,479 |
Over the last fiscal year, Harvard Business School Student Association Inc has awarded $18,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Houston, TX PURPOSE: CHARITABLE DONATION TO PROMOTE DIVERSITY IN US | $9,000 |
INROADS INC PURPOSE: CHARITABLE DONATION TO PROMOTE LEADERSHIP DEVELOPMENT IN UNDERREPRESENTED COMMUNITIES | $9,000 |
Over the last fiscal year, we have identified 1 grants that Harvard Business School Student Association Inc has recieved totaling $298,315.
Awarding Organization | Amount |
---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $298,315 |
Organization Name | Assets | Revenue |
---|---|---|
National Minority Supplier Development Council Inc New York, NY | $14,151,024 | $19,123,388 |
All Stars Project Inc New York, NY | $22,721,562 | $11,310,796 |
The Hyams Foundation Inc Boston, MA | $163,844,341 | $20,347,329 |
Neighborhood Trust Financial Partners Inc New York, NY | $10,875,094 | $7,150,796 |
African Services Committee Inc New York, NY | $2,169,110 | $5,702,295 |
Urban Arts Partnership New York, NY | $4,790,105 | $5,921,037 |
Artpark & Company Inc Lewiston, NY | $3,327,523 | $5,321,157 |
Education Through Music Inc New York, NY | $3,082,173 | $4,504,496 |
Ridgefield Playhouse For Movies And The Performing Arts Inc Ridgefield, CT | $15,840,106 | $10,052,125 |
City Access New York Staten Island, NY | $3,686,366 | $4,897,308 |
Partnership Inc Boston, MA | $5,653,072 | $4,577,511 |
Multicultural Aids Coalition Inc Roxbury, MA | $1,116,469 | $3,034,089 |