Trustees For Harvard University
- Assets
- $1.5b
- Revenue
- $65.9m
- Investments
- $566.2m
- Employees
- 161
- Location
- Cambridge, MA
- Founding
- 09/1958
- Data as of
- 06/2022
- EIN
- 53-0199180
Organization Overview
Trustees For Harvard University is located in Cambridge, MA. The organization was established in 1958. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Trustees For Harvard University employed 161 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustees For Harvard University 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, Trustees For Harvard University generated $65.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $42.7m during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE HARVARD UNIVERSITY'S SCIENTIFIC, LITERARY, AND EDUCATIONAL ACTIVITIES IN WASHINGTON, DC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUMBARTON OAKS IS A MUSEUM, RESEARCH LIBRARY, AND EDUCATIONAL FACILITY FOR THE STUDY OF BYZANTINE AND MEDIEVAL HUMANITIES, PRE-COLUMBIAN ART, AND LANDSCAPE ARCHITECTURE. THE FACILITY SERVES APPROXIMATELY 71 FELLOWS.
CENTER FOR HELLENIC STUDIES IS AN EDUCATIONAL CENTER IN THE FIELD OF HELLENIC STUDIES DESIGNED TO REDISCOVER HUMANISM OF THE HELLENIC GREEKS. HELLENISM FOR THE CENTER ENCOMPASSES THE EVOLUTION OF THE GREEK LANGUAGE AND ITS CULTURE AS A CENTRAL POINT OF CONTACT FOR ALL OF THE DIFFERENT CIVILIZATIONS OF THE ANCIENT MEDITERRANEAN WORLD. IT ALSO INCLUDES INTERACTIONS WITH FOREIGN CULTURES AND THE DIFFUSION OF ROMAN INFLUENCES. THIS HUMANISTIC VISION ANIMATES THE CENTER'S MAIN ACTIVITIES: (1) BUILDING AND MAINTAINING A WORLD-CLASS COLLECTION OF RESOURCES FOR THE STUDY OF THE ANCIENT GRECO-ROMAN WORLD; (2) MAKING THESE RESOURCES AVAILABLE TO THE COMMUNITY OF SCHOLARS, OFFERING RESIDENTIAL AND NON-RESIDENTIAL FELLOWSHIPS TO SUPPORT RESEARCH IN THE FIELD, AND PROVIDING A VENUE WHERE THE FELLOWS AND OTHER SCHOLARS CAN COLLABORATE AND SHARE THEIR INSIGHTS WITH DIVERSE AUDIENCES BOTH AT THE CENTER AND BEYOND THROUGH SEMINARS, OTHER FORMS OF LIVE PRESENTATIONS, AND PUBLICATIONS; (3) DISSEMINATING SCHOLARSHIP ON THE HELLENIC WORLD IN PRINTED AND ELECTRONIC FORMATS AND DEVELOPING INFORMATION TECHNOLOGIES TO ENHANCE EXISTING METHODS AND PIONEER NEW AVENUES OF RESEARCH AND TEACHING; AND (4) DESIGNING AND ORCHESTRATING ACTIVITIES FOR A GLOBAL AUDIENCE WITH THE GOAL OF ENABLING A WIDE RANGE OF PARTICIPANTS, INCLUDING NON-TRADITIONAL STUDENTS, UNDERGRADUATES, GRADUATE STUDENTS, SCHOLARS FROM OTHER DISCIPLINES, AND LIFE-LONG LEARNERS TO ENGAGE IN THE STUDY AND APPRECIATION OF HELLENIC CULTURE. DURING FISCAL YEAR 2022 (JULY 1, 2021-JUNE 30, 2022), THE CENTER FOR HELLENIC STUDIES WAS ABLE TO PROVIDE THE FOLLOWING RESOURCES: SUPPORT TO 104 RESEARCH FELLOWS, ASSOCIATES, AND INVITED VISITING SCHOLARS, 30 OF WHOM VISITED OR LIVED ON CAMPUS; SUPPORT TO 27 VISITING RESEARCHERS AND 6 VISITING ARTISTS; FUNDING FOR 2 INTERNSHIPS IN WASHINGTON D.C.; 2 STUDENTS TO PARTICIPATE IN ITS PROGRAMS IN GREECE; 10 STUDENTS TO PARTICIPATE IN ONLINE PROGRAMS; ORGANIZATION OF 50 SEMINARS/WORKSHOPS/CONFERENCES IN WHICH 30 FACULTY MEMBERS/PROFESSIONALS PARTICIPATED; ORGANIZATION OF 5 PRESENTATIONS/PANELS/PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee/president | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee/treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paragon Title And Escrow Company Real Estate Services | 6/29/22 | $3,874,597 |
Gardaworld Security Services Security Services | 6/29/22 | $1,417,604 |
Wagner Roofing Company Construction Services | 6/29/22 | $736,362 |
Consigli Construction Co Inc Construction Services | 6/29/22 | $365,976 |
Selldorf Architects Architect Services | 6/29/22 | $719,868 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $313,564 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,534,407 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,847,971 |
| Total Program Service Revenue | $271,004 |
| Investment income | $3,623,142 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $20,076 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $59,141,198 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,903,391 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,162,679 |
| Grants and other assistance to Foreign Orgs/Individuals | $442,529 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,320 |
| Compensation of current officers, directors, key employees. | $20,664 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,787,292 |
| Pension plan accruals and contributions | $797,807 |
| Other employee benefits | $1,902,301 |
| Payroll taxes | $662,222 |
| Fees for services: Management | $1,000 |
| Fees for services: Legal | $177,401 |
| Fees for services: Accounting | $41,442 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,791,506 |
| Advertising and promotion | $21,743 |
| Office expenses | $911,321 |
| Information technology | $1,173,070 |
| Royalties | $499 |
| Occupancy | $5,935,872 |
| Travel | $234,598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $388,134 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,877,966 |
| Insurance | $295,068 |
| All other expenses | $489,786 |
| Total functional expenses | $42,705,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $980,886 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,768,667 |
| Accounts receivable, net | $118,377 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $66,320 |
| Prepaid expenses and deferred charges | $77,347 |
| Net Land, buildings, and equipment | $95,048,424 |
| Investments—publicly traded securities | $712,922,665 |
| Investments—other securities | $566,183,424 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,743,812 |
| Total assets | $1,451,909,922 |
| Accounts payable and accrued expenses | $1,235,739 |
| Grants payable | $0 |
| Deferred revenue | $3,765 |
| 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 | $1,239,504 |
| Net assets without donor restrictions | $243,614,056 |
| Net assets with donor restrictions | $1,207,056,362 |
| 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 | $1,451,909,922 |