Harvard Business School Association of Boston
Nonprofit profile at a glance
- EIN
- 046114711
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Cambridge, MA, USA
- Phone
- 8334642722
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $299,535
- Expenses
- $344,246
- Assets
- $391,912
- Liabilities
- $115,671
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
35 people listed
Executive titles in this filing
- JOHN WILLIAMS (CO-PRESIDENT)
- JOHN REICHENBACH (CO-PRESIDENT)
- CHRISTINE PARKER (VICE PRESIDENT OF PARTNERSHIPS)
- TAZ HUSSEIN (VICE PRESIDENT OF ALUMNI FORUMS)
- ANDY KNOTT (VICE PRESIDENT OF ENTREPENUERSHIP)
- MATT HAGAN (VICE PRESIDENT OF ANGELS)
Highest reported compensation
- JASON SCHRANK (EXECUTIVE DIRECTOR): $81,716 total reported compensation
- KATHY LE (EXECUTIVE DIRECTOR, CAP): $62,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The harvard business school association of boston is a non profit organization formed in 1923 as an alumni association. The association is dedicated to cooperating with and promoting the interests of the harvard business school and its alumni.
What it reported doing in 2024
Cooperating with and promoting the interests of the harvard business school and its alumni, providing professors an opportunity to share their research, facilitating alumni forums, and hosting various events.
Operating model
- Revenue model
- Earned-program. 78% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 92
- Accountability: 84
- Sustainability: 24
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.3%; rating input score 91
- Program expense ratio: 79.2%; rating input score 79
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -14.9%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 1.14; rating input score 44; 44th percentile among comparable filings
- Liabilities to assets ratio: 0.3; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 41.9%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: 3% per year; rating input score 100; 44th percentile among comparable filings
- Revenue growth: 0.7% per year; rating input score 100; 27th percentile among comparable filings
- Asset growth: 7.4% per year; rating input score 100; 57th percentile among comparable filings
Details
- Where the money goes: 91.3% of revenue deployed · 79.2% of spending went to programs
- Governance: 33 of 33 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $273K in reported program spending
- Leadership: top reported pay $82K · 35 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 5 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Sustainability: Operating margin scored 18/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
- High — Sustainability: Officer compensation ratio scored 6/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.