Harvard Business School Club Of New York Inc
- Assets
- $2.5m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 12
- Location
- New York, NY
- Founding
- 07/1964
- Data as of
- 06/2022
- EIN
- 13-6159699
Organization Overview
Harvard Business School Club Of New York Inc is located in New York, NY. The organization was established in 1964. As of 06/2022, Harvard Business School Club Of New York Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvard Business School Club Of New York 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 06/2022, Harvard Business School Club Of New York Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Harvard Business School Club Of New York Inc has awarded 23 individual grants totaling $1,476,955. 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 HARVARD BUSINESS SCHOOL OF GREATER NEW YORK IS A UNIQUE, POWERFUL PLATFORM CONNECTING THE LEADERSHIP AND MANAGEMENT EXPERTISE OF HARVARD BUSINESS SCHOOL AND ITS ALUMNI WITH THE VITAL, CREATIVE AND DYNAMIC COMMUNITY OF GREATER NEW YORK CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HBSC OF NEW YORK OFFERS A WIDE VARIETY OF ACTIVITIES FOR THE PROFESSIONAL AND PERSONAL ENRICHMENT OF MEMBERS AND THE HBS ALUMNI. EVENTS INCLUDE FINANCE, LIFESTYLE AND MARKETING, MEDIA, ART, SOCIAL ENTERPRISE & NONPROFIT SECTOR, CAREER/ PROFESSIONAL DEVELOPMENT, HBS PROFESSORS, SOCIAL AND SERVICE THE NEW YORK COMMUNITY.
CONTRIBUTIONS TO HARVARD BUSINESS SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Lawler Executive Dir. | Officer | 40 | $127,781 |
Clare Peeters President | OfficerTrustee | 20 | $0 |
Mark Tatum Chairman | Trustee | 2 | $0 |
Todd Benson Board Member | Trustee | 2 | $0 |
Katherine Bahamonde Monasebian Board Member | Trustee | 2 | $0 |
Dan Biederman Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $92,125 |
| Fundraising events | $1,864,432 |
| 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 | $1,956,557 |
| Total Program Service Revenue | $48,807 |
| Investment income | $13,358 |
| 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 | $2,020,153 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $155,000 |
| 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. | $166,643 |
| Compensation of current officers, directors, key employees. | $124,982 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $352,924 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $87,032 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80 |
| Fees for services: Other | $67,570 |
| Advertising and promotion | $0 |
| Office expenses | $7,832 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,072 |
| Travel | $20,838 |
| 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 | $18,500 |
| All other expenses | $1,372 |
| Total functional expenses | $1,044,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,350 |
| Savings and temporary cash investments | $100,947 |
| Pledges and grants receivable | $6,000 |
| 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 | $73,221 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,141,868 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,494,386 |
| Accounts payable and accrued expenses | $52,247 |
| Grants payable | $0 |
| Deferred revenue | $41,184 |
| 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 | $11,875 |
| Total liabilities | $105,306 |
| Net assets without donor restrictions | $2,389,080 |
| 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 | $2,494,386 |
Grants Awarded
Over the last fiscal year, Harvard Business School Club Of New York Inc has awarded $150,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MA PURPOSE: Scholarship | $140,000 |
STEEPT COCKTAILS INC PURPOSE: Grant | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Harvard Business School Club Of New York Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Steven M And Anita C Heller Family Foundation New York, NY PURPOSE: PROGRAMS SUPPORTING HARVARD BUSINESS SCHOOL AND IMPACING COMMUNITY | $50,000 |
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 |