Harvard Business School Student Association Inc
- Assets
- $1.1m
- Revenue
- $176.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Boston, MA
- Founding
- 08/1949
- Data as of
- 05/2021
- EIN
- 04-6054794
Organization Overview
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 05/2023, Harvard Business School Student Association Inc employed 5 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 7 years, the organization has seen revenues fall by an average of (22.4%) 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 (17.3%) per year over the past 7 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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zoe Matthew Co-President Thru 04/2023 | OfficerTrustee | 10 | $0 |
Sebastian Negron-Reichard Co-President Thru 04/2023 | OfficerTrustee | 10 | $0 |
Adhavan Adityan Co-President As Of 04/2023 | OfficerTrustee | 10 | $0 |
Michelle Jeong Co-President As Of 04/2023 | OfficerTrustee | 10 | $0 |
Katharine Ann Kondry Senator 10/22 & Head Sen 04/23 | OfficerTrustee | 10 | $0 |
Tyler Hunter Alfriend Senator | Trustee | 3.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,063 |
| 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 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 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 |
| 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 | $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 | $994,589 |
Grants Awarded
Over the last fiscal year, Harvard Business School Student Association Inc has awarded $18,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL DIVERSITY COUNCIL PURPOSE: CHARITABLE DONATION TO PROMOTE DIVERSITY IN US | $9,000 |
INROADS INC PURPOSE: CHARITABLE DONATION TO PROMOTE LEADERSHIP DEVELOPMENT IN UNDERREPRESENTED COMMUNITIES | $9,000 |