Civic Intelligence

Harvard Club of Boston

EIN 04-1423320 • 501(c)7 • Boston, MA

View Organization Page

Profile

The objective of the club shall be to encourage the social, intellectual and athletic interests of its members, to promote the welfare of harvard university, to assist worthy students with financial aid, and to foster the harvard spirit in all harvard men and women.

374 Commonwealth AvenueBoston, MA 02215

www.harvardclub.com

Siviq Scores

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

Liabilities / Assets

81st percentile

0.47x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

77th percentile

1.13x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Source year 2024

Net Margin

70th percentile

11%

Higher net margin than 70% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

94th percentile

$580,459

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

501(c)7 • $25M-$50M nonprofits • Source year 2024

Asset Growth

12th percentile

-2.4%

Faster asset growth than 12% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

31st percentile

2.4%

Faster revenue growth than 31% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets81st percentile

Assets

Down

$28,268,317

Down $699,568 (-2.4%) from 2023

Liabilities

Down

$13,381,222

Down $3,168,074 (-19%) from 2023

Net Assets

Up

$14,887,095

Up $2,468,506 (+20%) from 2023

Operations
Liabilities / Revenue77th percentileNet Margin70th percentile

Revenue

Up

$11,807,453

Up $280,652 (+2.4%) from 2023

Expenses

Up

$10,490,484

Up $709,052 (+7.2%) from 2023

Net Income

Down

$1,316,969

Down $428,400 (-25%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth12th percentile

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

$40M$30M$20M$10M$0Assets 2010: $13,811,240Liabilities 2010: $5,818,996Net Assets 2010: $7,992,2442010Assets 2011: $12,602,317Liabilities 2011: $5,893,295Net Assets 2011: $6,709,0222011Assets 2012: $13,267,705Liabilities 2012: $10,509,295Net Assets 2012: $2,758,4102012Assets 2013: $11,441,133Liabilities 2013: $8,686,861Net Assets 2013: $2,754,2722013Assets 2014: $19,509,148Liabilities 2014: $7,171,418Net Assets 2014: $12,337,7302014Assets 2015: $23,436,409Liabilities 2015: $11,337,542Net Assets 2015: $12,098,8672015Assets 2016: $28,822,090Liabilities 2016: $16,748,056Net Assets 2016: $12,074,0342016Assets 2017: $27,856,459Liabilities 2017: $15,424,731Net Assets 2017: $12,431,7282017Assets 2018: $28,470,734Liabilities 2018: $15,632,858Net Assets 2018: $12,837,8762018Assets 2019: $30,094,931Liabilities 2019: $16,314,958Net Assets 2019: $13,779,9732019Assets 2020: $26,354,779Liabilities 2020: $14,546,197Net Assets 2020: $11,808,5822020Assets 2021: $27,331,875Liabilities 2021: $15,100,101Net Assets 2021: $12,231,7742021Assets 2022: $27,781,718Liabilities 2022: $17,648,302Net Assets 2022: $10,133,4162022Assets 2023: $28,967,885Liabilities 2023: $16,549,296Net Assets 2023: $12,418,5892023Assets 2024: $28,268,317Liabilities 2024: $13,381,222Net Assets 2024: $14,887,0952024

Highlighted filing

2024

Assets$28,268,317
Liabilities$13,381,222
Net Assets$14,887,095
Open 2024 Filing

Operations Trend

Revenue Growth31st percentile

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $7,437,6812010Expenses 2011: $7,430,5182011Expenses 2012: $10,516,6522012Revenue 2013: $7,270,188Expenses 2013: $7,477,294Net Income 2013: -$207,1062013Revenue 2014: $16,440,640Expenses 2014: $7,378,422Net Income 2014: $9,062,2182014Revenue 2015: $8,023,674Expenses 2015: $7,354,410Net Income 2015: $669,2642015Revenue 2016: $8,047,041Expenses 2016: $8,073,012Net Income 2016: -$25,9712016Revenue 2017: $9,549,678Expenses 2017: $9,131,420Net Income 2017: $418,2582017Revenue 2018: $10,243,436Expenses 2018: $9,507,660Net Income 2018: $735,7762018Revenue 2019: $11,733,271Expenses 2019: $10,061,673Net Income 2019: $1,671,5982019Revenue 2020: $7,261,636Expenses 2020: $9,367,421Net Income 2020: -$2,105,7852020Revenue 2021: $7,044,693Expenses 2021: $7,180,161Net Income 2021: -$135,4682021Revenue 2022: $10,782,183Expenses 2022: $8,373,783Net Income 2022: $2,408,4002022Revenue 2023: $11,526,801Expenses 2023: $9,781,432Net Income 2023: $1,745,3692023Revenue 2024: $11,807,453Expenses 2024: $10,490,484Net Income 2024: $1,316,9692024

Highlighted filing

2024

Revenue$11,807,453
Expenses$10,490,484
Net Income$1,316,969
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,268,317
Liabilities
$13,381,222
Net assets
$14,887,095
Revenue
$11,807,453
Expenses
$10,490,484
Net income
$1,316,969
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$28.3$13.4$14.9$11.8$10.5$1.32
2023Detailed filing. Detailed filing data is available for this year.$29.0$16.5$12.4$11.5$9.78$1.75
2022Detailed filing. Detailed filing data is available for this year.$27.8$17.6$10.1$10.8$8.37$2.41
2021Detailed filing. Detailed filing data is available for this year.$27.3$15.1$12.2$7.04$7.18$0.14
2020Detailed filing. Detailed filing data is available for this year.$26.4$14.5$11.8$7.26$9.37$2.11
2019Detailed filing. Detailed filing data is available for this year.$30.1$16.3$13.8$11.7$10.1$1.67
2018Detailed filing. Detailed filing data is available for this year.$28.5$15.6$12.8$10.2$9.51$0.74
2017Detailed filing. Detailed filing data is available for this year.$27.9$15.4$12.4$9.55$9.13$0.42
2016Detailed filing. Detailed filing data is available for this year.$28.8$16.7$12.1$8.05$8.07$0.03
2015Detailed filing. Detailed filing data is available for this year.$23.4$11.3$12.1$8.02$7.35$0.67
2014Detailed filing. Detailed filing data is available for this year.$19.5$7.17$12.3$16.4$7.38$9.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.4$8.69$2.75$7.27$7.48$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.3$10.5$2.76$10.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$5.89$6.71$7.43
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$5.82$7.99$7.44
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jul 1, 2025
Return Version
2023v6.0
Gross Receipts
$20,502,201
Mission and Program Overview

Mission

To be the social, intellectual, and athletic hub of harvard alumni and our affiliated community in the greater boston area.

The harvard club of boston serves approximately 5,000 members and provides rooms, food and beverages, athletic facilities and other services to foster the social purposes of the membership. The club holds numerous functions for its members and their guests including various holiday dinners, monthly wine dinners, the father/daughter tea dance, theatre nights, author series, and annual saturday symposia featuring various harvard faculty and through hosting many guest speakers discussing a myriad of thought provoking topics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$18,022,965$17,517,375▼ $505,590
Accounts Receivable$2,747,186$2,810,122▲ $62,936
Savings and Temporary Cash Investments$3,637,541$1,542,969▼ $2,094,572
Cash and Non-Interest-Bearing Accounts$1,779,263$1,461,623▼ $317,640
Prepaid Expenses and Deferred Charges$182,676$231,750▲ $49,074
Inventories for Sale or Use$130,286$144,533▲ $14,247
Receivables From Officers Etc$25,675$0▼ $25,675
Intangible Assets$14,001$6,961▼ $7,040
Total Assets$28,967,885$28,268,317▼ $699,568
Other Assets Total$2,428,292$4,552,984▲ $2,124,692
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,633,427$7,696,300▲ $62,873
Deferred Revenue$2,845,171$3,403,257▲ $558,086
Accounts Payable and Accrued Expenses$2,007,606$1,850,550▼ $157,056
Other Liabilities$4,063,092$431,115▼ $3,631,977
Total Liabilities$16,549,296$13,381,222▼ $3,168,074
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,418,589$14,887,095▲ $2,468,506
Total Net Assets Fund Balance$12,418,589$14,887,095▲ $2,468,506
Total Liabilities and Net Assets / Fund Balance$28,967,885$28,268,317▼ $699,568

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,073,645$11,448,018$26,521,663
Equipment$833,317$5,864,554$6,697,871
Other Land Buildings$753,175$3,699,844$4,453,019
Land$857,238-$857,238
Other Assets Org$24,037--
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steven P CummingsGeneral ManagerFT$376,933$203,526$580,459
Sara LawareChief Financial OfficerFT$208,362$39,580$247,942
Dean MooreExecutive ChefFT$173,107$65,977$239,084
Rebecca Blaeser VanaSenior Director of Membership and MarketingFT$195,449$5,893$201,342
Rebecca Blaeser VanaSenior Director of Membership and Ma-$171,108$30,234$201,342
Roger Schofield JrAssistant General ManagerFT$126,707$68,625$195,332
Lisa ArmettaHuman Resources DirectorFT$124,058$66,908$190,966
Glen BallardFacilities ManagerFT$112,108$61,059$173,167
Edward Matson Sibble JrSecretary Until 4/24, Director Eff 4/24-$3,414-$3,414
Juan CarmonaHouse Committee Chair-$3,414-$3,414
Marcus DeflorimontePresident-$3,414-$3,414
Susan KendallVice President-$3,414-$3,414
Jillian E McgrathVice President-$3,062-$3,062

Board Members and Trustees

NameTitle
Andy FreedDirector
Anthony M ConsigliDirector
Charles CornishDirector
Courtney SharpeDirector
Debbie MillinDirector
Elizabeth MicciDirector
Jan SaragoniDirector
Martin J Grasso JrDirector
Michael GainesDirector
Sarah C KarmonDirector
Bithiah L CarterDirector Effective 4/24
Amy NortonDirector Until 4/24
David RodriguezSecretary Effective 4/24
Michael CroninTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,796,173
Investment Income
$155,428
Other Revenue
$855,852
Change in Net Assets
$1,316,969

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,807,453
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$8,694,748
Total Revenue per Audited Statements
$20,502,201
Total Revenue per Form 990
$11,807,453
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,462,417
Other Expenses$5,028,067
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,458,839
Depreciation Depletion---$1,048,266
Occupancy---$1,037,281
Current Officers, Directors, Trustees, and Key Employees---$823,095
Other Employee Benefits---$543,896
Payroll Taxes---$320,367
Pension Plan Contributions---$316,220
All Other Expenses---$303,011
Conferences and Meetings---$299,974
Interest---$279,344
Advertising---$252,651
Office Expenses---$185,866
Information Technology---$131,601
Fees for Services Legal---$122,683
Fees for Services Other---$90,729
Fees for Services Accounting---$62,706
Other Expenses---$55,291
Travel---$26,197
Insurance---$24,467
Total Functional Expenses$0$0$0$10,490,484

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$19,185,232
Expenses per Audited Statements$10,490,484
Total Expenses per Form 990$10,490,484
Expenses Not Reported on Form 990$8,694,748
Expenses Not Reported on Financial Statements$0
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$25,675$0▼ $25,675
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation$423,929
Lease Liabilities$7,186
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The club has four categories of members: resident, non-resident, life, and honorary.”

Form 990, Part VI, Section A, Line 7A

“The resident, non-resident, life and honorary members elect the board of governors at the annual meeting.”

Form 990, Part VI, Section B, Line 11B

“The audit committee chairman, the general manager and all officers reviewed and approved the form 990 on behalf of the board.”

Form 990, Part VI, Section B, Line 12C

“The policy is reviewed and signed by each director at the annual meeting.”

Form 990, Part VI, Section B, Line 15

“The compensation committee is made up of the president, treasurer and one appointed board member. The compensation committee meets at least three times a year to review and approve wages and bonuses for the highest paid employees of the club. The committee also uses compensation levels for similar positions at comparable city clubs. The club's secretary documents the results and the decisions in the minutes of the compensation committee meetings.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are not public information. The club's articles of organziation are available in the accounting office upon request.”

Filing and Contact Details

Filer

Filer Name
Harvard Club of Boston
EIN
04-1423320
Phone
6175361260
Address
374 COMMONWEALTH AVENUE, BOSTON, MA 02215

Signing Officer

Name
Michael Cronin
Title
Treasurer
Phone
6175361260
Signed
2025-07-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marcus Deflorimonte
Formed
1908
Legal Domicile
Ma
Voting Board Members
18
Independent Board Members
18
Employees
257
Volunteers
71

Preparer

Firm
Pkf Jnd Pc
Address
400 CROWN COLONY DRIVE SUITE 102, QUINCY, MA 02169
Preparer
Robert V Dandrow
Phone
6174220007
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Pension related changes other than net periodic pension cost 1,151,537.”

FORM 990, PART XII, LINE 2C:

“The club has an audit committee who assumes responsibility for the oversight of the audit process, and this process has not changed from the prior year.”

Financial Statement Notes

PART III, LINE 1A:

“The club, over the years, has received contributions of historic and/or artistic materials. The club has not capitalized these materials since they are held and preserved for public exhibition in keeping the club's exempt purposes and are not intended to be sold.”

PART III, LINE 4:

“The club's collection includes materials of historic and artistic nature, such as antique furniture and fixtures, paintings and books. The clubhouse includes these "collections" in keeping with the club's exempt purpose by displaying the history of the club. The "collections" also help promote the commingling of the club's members for social, recreational or similar purposes by providing an appropriate decor and setting for such activities.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 8,694,748.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 8,694,748.”

Raw XML AppendixShowing 400 of 743 raw XML fields

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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IRS990/Form990PartVIISectionAGrp/PersonNm1SUSAN KENDALL
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IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID RODRIGUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm4EDWARD MATSON SIBBLE JR
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL CRONIN
IRS990/Form990PartVIISectionAGrp/PersonNm6JUAN CARMONA
IRS990/Form990PartVIISectionAGrp/PersonNm7BITHIAH L CARTER
IRS990/Form990PartVIISectionAGrp/PersonNm8ANTHONY M CONSIGLI
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IRS990/Form990PartVIISectionAGrp/PersonNm11MICHAEL GAINES
IRS990/Form990PartVIISectionAGrp/PersonNm12MARTIN J GRASSO JR
IRS990/Form990PartVIISectionAGrp/PersonNm13SARAH C KARMON
IRS990/Form990PartVIISectionAGrp/PersonNm14ELIZABETH MICCI
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IRS990/Form990PartVIISectionAGrp/PersonNm23ROGER SCHOFIELD JR
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY EFFECTIVE 4/24
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY UNTIL 4/24, DIR. EFF 4/24
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6HOUSE COMMITTEE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR EFFECTIVE 4/24
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR UNTIL 4/24
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19GENERAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt20CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt21EXECUTIVE CHEF
IRS990/Form990PartVIISectionAGrp/TitleTxt22SENIOR DIRECTOR OF MEMBERSHIP AND MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt23ASSISTANT GENERAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt24HUMAN RESOURCES DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25FACILITIES MANAGER
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