Harvard Club Of New York City
- Assets
- $56.9m
- Revenue
- $29.6m
- Investments
- $0.0
- Employees
- 340
- Location
- New York, NY
- Founding
- 01/1942
- Data as of
- 06/2022
- EIN
- 13-0827620
Organization Overview
Harvard Club Of New York City is located in New York, NY. The organization was established in 1942. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Harvard Club Of New York City employed 340 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvard Club Of New York City is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Harvard Club Of New York City generated $29.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $27.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Harvard Club Of New York City has awarded 18 individual grants totaling $1,834,580. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB PROMOTES SOCIAL INTERACTION AMONG MEMBERS WHO HAVE BEEN WITH HARVARD UNIVERSITY AS STUDENTS OR INSTRUCTORS, OR WHO HAVE RECEIVED HONORARY DEGREES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James D Coady President | OfficerTrustee | 15 | $0 |
Stephen P Younger 1st Vice President | OfficerTrustee | 15 | $0 |
Caroline Benveniste Vice President | OfficerTrustee | 15 | $0 |
Perry Hewitt Vice President | OfficerTrustee | 15 | $0 |
Angela K Dorn Secretary | OfficerTrustee | 10 | $0 |
John J Moon Treasurer | OfficerTrustee | 10 | $0 |
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 | $13,649,156 |
| Investment income | $32,926 |
| 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 | $15,118,525 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,641,179 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $212,113 |
| 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. | $975,149 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,392,290 |
| Pension plan accruals and contributions | $278,804 |
| Other employee benefits | $3,188,534 |
| Payroll taxes | $1,179,050 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $153,127 |
| Fees for services: Accounting | $96,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $124,271 |
| Advertising and promotion | $51,538 |
| Office expenses | $1,601,815 |
| Information technology | $187,105 |
| Royalties | $0 |
| Occupancy | $2,255,150 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,284 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,393,758 |
| Insurance | $492,080 |
| All other expenses | $249,013 |
| Total functional expenses | $27,499,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,508,920 |
| Savings and temporary cash investments | $14,193,837 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,817,177 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $167,063 |
| Prepaid expenses and deferred charges | $1,110,333 |
| Net Land, buildings, and equipment | $33,095,797 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $56,893,127 |
| Accounts payable and accrued expenses | $5,102,044 |
| Grants payable | $0 |
| Deferred revenue | $2,696,040 |
| 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 | $1,125,471 |
| Total liabilities | $8,923,555 |
| Net assets without donor restrictions | $47,863,515 |
| Net assets with donor restrictions | $106,057 |
| 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 | $56,893,127 |
Grants Awarded
Over the last fiscal year, Harvard Club Of New York City has awarded $212,113 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD CLUB OF NEW YORK FOUNDATION PURPOSE: GENERAL SUPPORT | $14,837 |
THE HARVARD LIBRARY IN NEW YORK PURPOSE: GENERAL SUPPORT | $197,276 |