Harvard Business School Association Of Boston
- Assets
- $278.6k
- Revenue
- $363.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Milton, MA
- Founding
- 11/1964
- Data as of
- 06/2019
- EIN
- 04-6114711
Organization Overview
Harvard Business School Association Of Boston is located in Milton, MA. The organization was established in 1964. As of 06/2015, Harvard Business School Association Of Boston employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvard Business School Association Of Boston 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 06/2019, Harvard Business School Association Of Boston generated $363.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $342.1k during the year ending 06/2019. While expenses have increased by 4.2% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE HARVARD BUSINESS SCHOOL ASSOCIATION OF BOSTON (THE ASSOCIATION) IS A NOT-FOR-PROFIT ORGANIZATION, WHICH WAS FORMED IN 1923 AS AN ALUMNI ASSOCIATION. THE ASSOCIATION IS DEDICATED TO COOPERATING WITH AND PROMOTING THE INTERESTS OF THE HARVARD BUSINESS SCHOOL, AND PROMOTING DISCUSSIONS WHICH WILL EDUCATE ITS MEMBERS. THE ASSOCIATION ALSO PROVIDES PRO-BONO CONSULTING ASSISTANCE TO LOCAL NOT-FOR-PROFIT ORGANIZATIONS THROUGH ITS COMMUNITY ACTION PARTNERS (CAP) PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS AND SEMINARS PRESENTING FEATURED SPEAKERS WERE HELD. THEY WERE DESIGNED TO PROMOTE THE BEST INTERESTS OF THE HARVARD UNIVERSITY GRADUATE SCHOOL OF BUSINESS ADMINISTRATION AND ALUMNI, AND TO PROVIDE PROFESSORS AN OPPORTUNITY TO SHARE THEIR RESEARCH.
MEETINGS AND SEMINARS PRESENTING FEATURED SPEAKERS WERE HELD. THEY WERE DESIGNED TO PROMOTE THE BEST INTERESTS OF THE HARVARD UNIVERSITY GRADUATE SCHOOL OF BUSINESS ADMINISTRATION AND ALUMNI, AND TO PROVIDE PROFESSORS AN OPPORTUNITY TO SHARE THEIR RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Christian Mackenzie President | Officer | 10 | $0 |
Habib Rahman Clerk | Officer | 1 | $0 |
Hayden Anderson Treasurer | Officer | 1 | $0 |
Steve Perry Vice President | Officer | 1 | $0 |
Kathryn Mckinnon Vice President | Officer | 1 | $0 |
Renee Fry Governor | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,743 |
| Investment income | $3,238 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $69,133 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $363,912 |
| 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 | $149,316 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,898 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,174 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,778 |
| Advertising and promotion | $4,017 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| 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 | $907 |
| All other expenses | $34,741 |
| Total functional expenses | $342,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,769 |
| Savings and temporary cash investments | $221,858 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $28,988 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $278,615 |
| Accounts payable and accrued expenses | $15,611 |
| Grants payable | $0 |
| Deferred revenue | $53,199 |
| 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 | $68,810 |
| Net assets without donor restrictions | $209,805 |
| 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 | $209,805 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Harvard Business School Association Of Boston has recieved totaling $25,707.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,857 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |