Civic Intelligence

Harvard Dedicated Energy Limited

EIN 03-0425512 • 501(c)3 • Cambridge, MA

Profile

Harvard dedicated energy limited exists to purchase wholesale power for harvard university.

1033 Massachusetts Avenue 3rd FlCambridge, MA 02138

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

54th percentile

0.21x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.33x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

98th percentile

96%

Higher net margin than 98% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

99th percentile

273%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

781%

Faster revenue growth than 99% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$6,814,376

Up $4,985,038 (+273%) from 2023

Liabilities

Up

$1,424,834

Up $788,492 (+124%) from 2023

Net Assets

Up

$5,389,542

Up $4,196,546 (+352%) from 2023

Revenue

Up

$4,364,268

Up $3,868,917 (+781%) from 2023

Expenses

Up

$167,722

Up $34,983 (+26%) from 2023

Net Income

Up

$4,196,546

Up $3,833,934 (+1057%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $4,255,801Liabilities 2011: $1,774,600Net Assets 2011: $2,481,2012011Assets 2012: $2,751,941Liabilities 2012: $1,645,547Net Assets 2012: $1,106,3942012Assets 2013: $2,239,185Liabilities 2013: $1,271,634Net Assets 2013: $967,5512013Assets 2014: $1,944,360Liabilities 2014: $1,201,267Net Assets 2014: $743,0932014Assets 2015: $3,642,952Liabilities 2015: $1,269,287Net Assets 2015: $2,373,6652015Assets 2016: $5,158,857Liabilities 2016: $1,239,652Net Assets 2016: $3,919,2052016Assets 2017: $6,271,362Liabilities 2017: $1,843,977Net Assets 2017: $4,427,3852017Assets 2018: $4,384,473Liabilities 2018: $1,324,483Net Assets 2018: $3,059,9902018Assets 2019: $1,638,000Liabilities 2019: $1,058,611Net Assets 2019: $579,3892019Assets 2020: $774,383Liabilities 2020: $959,039Net Assets 2020: -$184,6562020Assets 2021: $528Liabilities 2021: $1,162,245Net Assets 2021: -$1,161,7172021Assets 2022: $1,218,276Liabilities 2022: $387,892Net Assets 2022: $830,3842022Assets 2023: $1,829,338Liabilities 2023: $636,342Net Assets 2023: $1,192,9962023Assets 2024: $6,814,376Liabilities 2024: $1,424,834Net Assets 2024: $5,389,5422024

Highlighted filing

2024

Assets$6,814,376
Liabilities$1,424,834
Net Assets$5,389,542

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2011: $21,723,9112011Expenses 2012: $21,383,8452012Revenue 2013: $19,864,640Expenses 2013: $20,003,483Net Income 2013: -$138,8432013Revenue 2014: $17,925,288Expenses 2014: $18,149,746Net Income 2014: -$224,4582014Revenue 2015: $19,135,103Expenses 2015: $17,751,692Net Income 2015: $1,383,4112015Revenue 2016: $1,689,666Expenses 2016: $144,126Net Income 2016: $1,545,5402016Revenue 2017: $659,904Expenses 2017: $151,724Net Income 2017: $508,1802017Revenue 2018: -$1,206,455Expenses 2018: $160,940Net Income 2018: -$1,367,3952018Revenue 2019: -$2,345,714Expenses 2019: $134,887Net Income 2019: -$2,480,6012019Revenue 2020: -$606,157Expenses 2020: $157,888Net Income 2020: -$764,0452020Revenue 2021: -$831,132Expenses 2021: $145,929Net Income 2021: -$977,0612021Revenue 2022: $2,152,063Expenses 2022: $159,962Net Income 2022: $1,992,1012022Revenue 2023: $495,351Expenses 2023: $132,739Net Income 2023: $362,6122023Revenue 2024: $4,364,268Expenses 2024: $167,722Net Income 2024: $4,196,5462024

Highlighted filing

2024

Revenue$4,364,268
Expenses$167,722
Net Income$4,196,546

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.81$1.42$5.39$4.36$0.17$4.20
2023Detailed filing. Detailed filing data is available for this year.$1.83$0.64$1.19$0.50$0.13$0.36
2022Detailed filing. Detailed filing data is available for this year.$1.22$0.39$0.83$2.15$0.16$1.99
2021Detailed filing. Detailed filing data is available for this year.$0.00$1.16$1.16$0.83$0.15$0.98
2020Detailed filing. Detailed filing data is available for this year.$0.77$0.96$0.18$0.61$0.16$0.76
2019Detailed filing. Detailed filing data is available for this year.$1.64$1.06$0.58$2.35$0.13$2.48
2018Detailed filing. Detailed filing data is available for this year.$4.38$1.32$3.06$1.21$0.16$1.37
2017Detailed filing. Detailed filing data is available for this year.$6.27$1.84$4.43$0.66$0.15$0.51
2016Detailed filing. Detailed filing data is available for this year.$5.16$1.24$3.92$1.69$0.14$1.55
2015Detailed filing. Detailed filing data is available for this year.$3.64$1.27$2.37$19.1$17.8$1.38
2014Detailed filing. Detailed filing data is available for this year.$1.94$1.20$0.74$17.9$18.1$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$1.27$0.97$19.9$20.0$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.75$1.65$1.11$21.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.26$1.77$2.48$21.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$18,698,069
Mission and Program Overview

Mission

Harvard dedicated energy limited exists to purchase wholesale power for harvard university.

Purchase wholesale power for president and fellows of harvard college ("harvard university").

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$0$24,750▲ $24,750
Cash and Non-Interest-Bearing Accounts$528$580▲ $52
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,829,338$6,814,376▲ $4,985,038
Other Assets Total$1,828,810$6,789,046▲ $4,960,236
Liabilities
Accounts Payable and Accrued Expenses$636,342$1,424,834▲ $788,492
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$636,342$1,424,834▲ $788,492
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,192,996$5,389,542▲ $4,196,546
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$1,192,996$5,389,542▲ $4,196,546
Total Liabilities and Net Assets / Fund Balance$1,829,338$6,814,376▲ $4,985,038

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,399,502--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Meredith WeenickPresident and Director
Douglas C GarronVice President and Director
Sean CaronVice President and Treasurer as of 01/01/24
Paul MassaroVice President and Treasurer Until 12/31/23
Audrey K WangClerk
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$23,860
Other Revenue
$4,340,408
Change in Net Assets
$4,196,546
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$167,722
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$143,423-$143,423
Fees for Services Other$23,697$0$0$23,697
Other Expenses$602--$602
Total Functional Expenses$24,299$143,423$0$167,722
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 13 WHISTLEBLOWER POLICY AND DOCUMENT RETENTION AND DESTRUCTION POLICY

Harvard dedicated energy limited adheres to harvard university's policies and procedures, including a written whistleblower policy and a document retention and destruction policy.

Form 990, Part VI, Line 15 DETERMINING COMPENSATION

Harvard dedicated energy limited does not compensate its officers or directors. The individuals listed are employed and compensated by harvard university, a related organization. Harvard university has compensation policies and procedures for its employees.

Form 990, Part VI, Line 2 BUSINESS RELATIONSHIPS

Sean caron and meredith weenick are officers of president and fellows of harvard college, a related organization. The other officers and directors of harvard dedicated energy limited are employees of president and fellows of harvard college.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

Harvard dedicated energy limited is part of harvard university, which appoints members of harvard dedicated energy limited's governing body.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

Harvard dedicated energy limited is part of harvard university, which has final approval of harvard dedicated energy limited's actions.

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

No committees have been established to act on behalf of harvard dedicated energy limited's governing body.

Form 990, Part VI, Line 11B Review of form 990 by governing body

Form 990 was reviewed by harvard university financial administrators. A final copy of the form 990 was provided to harvard dedicated energy limited's governing body before it was filed.

Form 990, Part VI, Line 12C Conflict of interest policy

Harvard dedicated energy limited adheres to harvard university's policies and procedures, including a conflict of interest policy.

Form 990, Part VI, Line 19 Required documents available to the public

Harvard dedicated energy limited's financial statements are included in harvard university's consolidated audited financial statements, which are available on the harvard university website. Harvard university's conflict of interest policy is available on harvard's intranet, accessible only to members of the harvard community. Harvard dedicated energy limited's governing documents are available upon request.

Form 990, Part VII, Section A, Line 1A, Column (B) AVERAGE HOURS PER WEEK

Harvard dedicated energy limited does not track hours worked by officers and directors. The average hours worked reported on part vii, column (b) are estimates, with 60 hours per week as an approximation for full-time employment. The hours per week devoted to related organizations represents an estimate of time the individual spends in his or her capacity as an employee or member of the board of directors of the related organizations.

Filing and Contact Details

Filer

Filer Name
Harvard Dedicated Energy Limited
EIN
03-0425512
Phone
6174950398
Address
1033 Massachusetts Avenue 3rd Fl, Cambridge, MA 02138

Signing Officer

Name
Michael Quesada
Title
Assoc. Director of Tax & Payroll
Signed
2025-05-15

Organization Details

Formed
2002
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G Other Fees

OTHER FEES FOR SERVICES - Total Expense: 23697, Program Service Expense: 23697, Management and General Expenses: 0, Fundraising Expenses: 0;

Form 990, Part XII, Line 2B CONSOLIDATED FINANCIAL STATEMENTS

Harvard dedicated energy limited is included in harvard university's consolidated financial statements. Harvard university's financial statements were audited by an independent accountant.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0PRESIDENT AND FELLOWS OF HARVARD COLLEGE
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DOUGLAS C GARRON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1PAUL MASSARO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2AUDREY K WANG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3MEREDITH WEENICK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4SEAN CARON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VICE PRESIDENT AND DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VICE PRESIDENT AND TREASURER UNTIL 12/31/23
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CLERK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3PRESIDENT AND DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4VICE PRESIDENT AND TREASURER AS OF 01/01/24
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0HARVARD DEDICATED ENERGY LIMITED DOES NOT COMPENSATE ITS OFFICERS AND DIRECTORS, NOR DID IT PROVIDE ITS OFFICERS AND DIRECTORS WITH ANY ITEMS LISTED IN LINE 1A.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1DIRECTORS AND OFFICERS ARE NOT COMPENSATED IN THEIR CAPACITY AS DIRECTORS AND OFFICERS OF HARVARD DEDICATED ENERGY LIMITED. ALL COMPENSATION IS PAID BY HARVARD UNIVERSITY FOR WORK PERFORMED FOR HARVARD UNIVERSITY.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule J, Part I LINES 1A, 1B, 2 AND 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule J, Part I, Line 3 ESTABLISHING COMPENSATION
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HARVARD DEDICATED ENERGY LIMITED ADHERES TO HARVARD UNIVERSITY'S POLICIES AND PROCEDURES, INCLUDING A WRITTEN WHISTLEBLOWER POLICY AND A DOCUMENT RETENTION AND DESTRUCTION POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HARVARD DEDICATED ENERGY LIMITED DOES NOT COMPENSATE ITS OFFICERS OR DIRECTORS. THE INDIVIDUALS LISTED ARE EMPLOYED AND COMPENSATED BY HARVARD UNIVERSITY, A RELATED ORGANIZATION. HARVARD UNIVERSITY HAS COMPENSATION POLICIES AND PROCEDURES FOR ITS EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SEAN CARON AND MEREDITH WEENICK ARE OFFICERS OF PRESIDENT AND FELLOWS OF HARVARD COLLEGE, A RELATED ORGANIZATION. THE OTHER OFFICERS AND DIRECTORS OF HARVARD DEDICATED ENERGY LIMITED ARE EMPLOYEES OF PRESIDENT AND FELLOWS OF HARVARD COLLEGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3HARVARD DEDICATED ENERGY LIMITED IS PART OF HARVARD UNIVERSITY, WHICH APPOINTS MEMBERS OF HARVARD DEDICATED ENERGY LIMITED'S GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4HARVARD DEDICATED ENERGY LIMITED IS PART OF HARVARD UNIVERSITY, WHICH HAS FINAL APPROVAL OF HARVARD DEDICATED ENERGY LIMITED'S ACTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO COMMITTEES HAVE BEEN ESTABLISHED TO ACT ON BEHALF OF HARVARD DEDICATED ENERGY LIMITED'S GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FORM 990 WAS REVIEWED BY HARVARD UNIVERSITY FINANCIAL ADMINISTRATORS. A FINAL COPY OF THE FORM 990 WAS PROVIDED TO HARVARD DEDICATED ENERGY LIMITED'S GOVERNING BODY BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7HARVARD DEDICATED ENERGY LIMITED ADHERES TO HARVARD UNIVERSITY'S POLICIES AND PROCEDURES, INCLUDING A CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8HARVARD DEDICATED ENERGY LIMITED'S FINANCIAL STATEMENTS ARE INCLUDED IN HARVARD UNIVERSITY'S CONSOLIDATED AUDITED FINANCIAL STATEMENTS, WHICH ARE AVAILABLE ON THE HARVARD UNIVERSITY WEBSITE. HARVARD UNIVERSITY'S CONFLICT OF INTEREST POLICY IS AVAILABLE ON HARVARD'S INTRANET, ACCESSIBLE ONLY TO MEMBERS OF THE HARVARD COMMUNITY. HARVARD DEDICATED ENERGY LIMITED'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.

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