Harvard Business School Club Of Chicago Inc
- Assets
- $38.5k
- Revenue
- $50.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/1965
- Data as of
- 06/2022
- EIN
- 36-2549230
Organization Overview
Harvard Business School Club Of Chicago Inc is located in Chicago, IL. The organization was established in 1965. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvard Business School Club Of Chicago Inc 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 Business School Club Of Chicago Inc generated $50.1k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $37.6k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO COOPERATE AND PROMOTE THE BEST INTERESTS OF THE HARVARD BUSINESS SCHOOL AND BUSINESS EDUCATION IN GENERAL IN THE GREATER CHICAGO AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER PROGRAMS DURING THE COURSE OF THE FISCAL YEAR ALL ALUMNIAE ABOUT 2500 INDIVIDUALS , FRIENDS, FAMILY AND GUESTS ARE INVITED TO PARTICIPATE IN CLUB ACTIVITIES. ACTUAL PAID MEMBERSHIP IN THE CLUB RANGES FROM 250 - 400 EACH YEAR. EVENTS ARE ORGANIZED TO PROVIDE CONTINUING EDUCATIONAL OPPORTINITES, PARTICULARLY IN THE AREAS OF BUSINESS AND MANAGEMENT. PROGRAMS ARE PLANNED FOR THE MEMBERS AT LARGE AS WELL AS SPECIFIC SEGMENTS OF THE MEMBERSHIP SUCH AS RECENT GRADUATES. OVER 67 WERE ORGANIZED IN FY20 WITH ATTANDANCE RANGING FROM 5 TO 162 TOTALING OVER 1082 ATTENDEES. CATEGORIES OF PROGRAMS INCLUDE GENERAL INTEREST PROGRAMS , CEO LEADERSHIP PROGRAMS, SOCIAL PROGRAMS AND VARIOUS INTERST GROUP IG PROGRAMS SUCH AS THE ENTREPRENURSHIP COUNCIL, THE WOMENS IG, AND THE INVETMENT IG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Wasko President | Officer | 10 | $0 |
Steve Schaumberger Past President | Officer | 1 | $0 |
Stephen Wasko Treasurer | Officer | 2 | $0 |
Hysam Galal Secretary | Officer | 1 | $0 |
Fabio Armaganijan Director | Officer | 1 | $0 |
Willard Mcnitt Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $31,260 |
| 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 | $31,260 |
| Total Program Service Revenue | $18,822 |
| Investment income | $0 |
| 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 | $50,082 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,672 |
| Office expenses | $3,107 |
| Information technology | $3,937 |
| 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 | $18,922 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $37,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,485 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,485 |
| Accounts payable and accrued expenses | $1,100 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,100 |
| Net assets without donor restrictions | $37,385 |
| 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 | $38,485 |