Civic Intelligence

Harvard Business School Interactive Inc.

990 • Fiscal year 2023 • EIN 04-3395140

Jul 01, 2022 to Jun 30, 2023 • Filed on May 14, 2024

Soldiers Field Rd STE Teele 259Boston, MA 02163

(617) 495-6214

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.40x

Higher debt load relative to assets than 70% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

7.99x

Higher debt load relative to revenue than 96% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

6th percentile

-52%

Higher net margin than 6% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

94th percentile

$703,040

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 135.3% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

92nd percentile

60%

Faster asset growth than 92% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Assets

Up

$10,315,068

Up $3,883,024 (+60%) from 2022

Net Assets

Down

$6,163,823

Down $268,221 (-4.2%) from 2022

Liabilities

Up

$4,151,245

Up $4,151,245 from 2022

Revenue

Up

$519,573

Up $519,573 from 2022

Expenses

Up

$787,794

Up $787,794 from 2022

Net Income

Down

-$268,221

Down $268,221 from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $13,293,309Liabilities 2011: $3,687,957Net Assets 2011: $9,605,3522011Assets 2012: $13,656,806Liabilities 2012: $3,728,043Net Assets 2012: $9,928,7632012Assets 2013: $16,314,396Liabilities 2013: $6,114,686Net Assets 2013: $10,199,7102013Assets 2014: $10,420,111Liabilities 2014: $4,247,362Net Assets 2014: $6,172,7492014Assets 2015: $14,024,256Liabilities 2015: $3,677,782Net Assets 2015: $10,346,4742015Assets 2016: $29,500,923Liabilities 2016: $23,345,105Net Assets 2016: $6,155,8182016Assets 2017: $34,512,759Liabilities 2017: $28,066,807Net Assets 2017: $6,445,9522017Assets 2018: $54,528,428Liabilities 2018: $46,354,390Net Assets 2018: $8,174,0382018Assets 2019: $56,258,529Liabilities 2019: $47,368,158Net Assets 2019: $8,890,3712019Assets 2020: $52,325,917Liabilities 2020: $45,893,873Net Assets 2020: $6,432,0442020Assets 2021: $6,432,044Liabilities 2021: $0Net Assets 2021: $6,432,0442021Assets 2022: $6,432,044Liabilities 2022: $0Net Assets 2022: $6,432,0442022Assets 2023: $10,315,068Liabilities 2023: $4,151,245Net Assets 2023: $6,163,8232023Assets 2024: $6,451,052Liabilities 2024: $408,626Net Assets 2024: $6,042,4262024

Highlighted filing

2023

Assets$10,315,068
Liabilities$4,151,245
Net Assets$6,163,823

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0-$50MRevenue 2011: $27,491,754Expenses 2011: $15,190,728Net Income 2011: $12,301,0262011Revenue 2012: $28,770,551Expenses 2012: $16,306,321Net Income 2012: $12,464,2302012Revenue 2013: $31,275,611Expenses 2013: $19,677,584Net Income 2013: $11,598,0272013Revenue 2014: $35,236,338Expenses 2014: $23,201,549Net Income 2014: $12,034,7892014Revenue 2015: $39,279,478Expenses 2015: $22,317,824Net Income 2015: $16,961,6542015Revenue 2016: $90,398,018Expenses 2016: $61,983,971Net Income 2016: $28,414,0472016Revenue 2017: $98,571,479Expenses 2017: $71,485,392Net Income 2017: $27,086,0872017Revenue 2018: $116,660,768Expenses 2018: $79,520,407Net Income 2018: $37,140,3612018Revenue 2019: $124,793,693Expenses 2019: $85,581,826Net Income 2019: $39,211,8672019Revenue 2020: $80,206,742Expenses 2020: $69,667,504Net Income 2020: $10,539,2382020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $519,573Expenses 2023: $787,794Net Income 2023: -$268,2212023Revenue 2024: $9,033,000Expenses 2024: $7,315,456Net Income 2024: $1,717,5442024

Highlighted filing

2023

Revenue$519,573
Expenses$787,794
Net Income-$268,221
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 14, 2024
Return Version
2022v5.0
Gross Receipts
$519,573
Mission and Program Overview

Mission

To advance the charitable objectives of Harvard Business School, a constituent part of President and Fellows of Harvard College by developing, coordinating and conducting executive education programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,528,454$5,637,478▲ $4,109,024
Cash and Non-Interest-Bearing Accounts$4,903,590$4,677,590▼ $226,000
Total Assets$6,432,044$10,315,068▲ $3,883,024
Liabilities
Deferred Revenue-$3,952,000-
Accounts Payable and Accrued Expenses-$199,245-
Total Liabilities$0$4,151,245▲ $4,151,245
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,432,044$6,163,823▼ $268,221
Total Net Assets Fund Balance$6,432,044$6,163,823▼ $268,221
Total Liabilities and Net Assets / Fund Balance$6,432,044$10,315,068▲ $3,883,024
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas HollisterEx Officio Director-$582,975$120,065$703,040
Luis ViceriaChairmanPT$400,924$225,755$626,679
Patrick MullanePresidentPT$365,501$148,601$514,102
Richard MelnickTreasurer ClerkPT$339,692$150,403$490,095
Nancy DellaroccoPresident-$271,482$149,829$421,311
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$519,573
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-268,221
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$787,794
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
Occupancy$187,275--$187,275
Travel$90,430--$90,430
Other Expenses$9,169--$9,169
Total Functional Expenses$787,794$0$0$787,794
International Activity

International Summary

Spending
$146,150

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServicesExecutive Education--$146,150
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
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, Section A, Line 6, 7A 7B

Harvard Business School is part of President and Fellows of Harvard College which may appoint members of HBSis governing body and which has final approval of HBSi action. The sole member of the corporation is the Dean of Harvard Business School or if there is no such Dean, a person designated by the President and Fellows of Harvard College

Form 990, Part VI, Section A, Line 8B

There are no committees and pursuant to the instructions none were chosen

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

Form 990 was reviewed by President Fellows of Harvard College administrators. A copy of the Form 990 was provided to the Governing Body before it was filed.

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

Harvard Business School Interactive Inc adheres to Harvard Universitys policies and procedures, including a conflict of interest policy.

Form 990, Part VI, Section B, Line 15A

Payments made for faculty consulting services, not in the capacity of an officer or director role, are based on fixed rates for specific course development and facilitation services. The same process and rates are applied for all faculty consultants.

Form 990, Part VI, Section C, Line 19

Harvard Business School Interactive, Inc. is part of President and Fellows of Harvard College which makes its annual financial statements available on its website. Harvards conflict of interest policy is available on Harvards intranet, accessible to members of the Harvard community. HBSis governing documents are available upon request.

Form 990, Part VII, Section A, Line 1A col ef

The University does not track hours worked by trustees, officers, key employees, and highest compensated employees. The average hours worked reported on Part VII, Column B are estimates, with 50 hours per week as an approximation for fulltime employment. The hours per week devoted to related organizations represents an estimate of time the individual spends in his/her capacity as a member of the board of directors and/or as an employee of Harvard Affiliates.

Filing and Contact Details

Filer

Filer Name
Harvard Business School Interactive Inc
EIN
04-3395140
In Care Of
% Eileen Sullivan
Phone
6174956214
Address
Soldiers Field Rd STE Teele 259, Boston, MA 02163

Signing Officer

Name
Richard P Melnick
Title
Treasurer
Phone
6174956214
Signed
2024-05-14
Discuss with paid preparer
No

Organization Details

Principal Officer
Richard P Melnick
Formed
1997
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
0
Employees
0
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Section A, Line 12B

Harvard Business School Interactive, Inc. HBSi is part of President and Fellows of Harvard College and as such is included in the annual financial statement and accompanying audit for President Fellows of Harvard College.

Form 990, Part XII, Line 2A B

For financial reporting purposes, Harvard Business School Interactive, Inc. HBSi is part of President Fellows of Harvard College and as such is included in the annual financial statements and accompanying audit for Harvard.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt421022
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Thomas Hollister
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Luis Viceria
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Patrick Mullane
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3Richard Melnick
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4Nancy Dellarocco
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Ex Officio Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Chairman
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3Treasurer Clerk
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4President
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1626679
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2514102
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt3490095
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IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Directors and Officers are not compensated in their capacity as Directors and Officers of Harvard Business School Interactive, Inc. All compensation is paid by Harvard University for work performed for the University.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 3
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Harvard Business School Interactive, Inc. HBSi is part of President and Fellows of Harvard College and as such is included in the annual financial statement and accompanying audit for President Fellows of Harvard College.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Harvard Business School is part of President and Fellows of Harvard College which may appoint members of HBSis governing body and which has final approval of HBSi action. The sole member of the corporation is the Dean of Harvard Business School or if there is no such Dean, a person designated by the President and Fellows of Harvard College
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There are no committees and pursuant to the instructions none were chosen
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 was reviewed by President Fellows of Harvard College administrators. A copy of the Form 990 was provided to the Governing Body before it was filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Harvard Business School Interactive Inc adheres to Harvard Universitys policies and procedures, including a conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Payments made for faculty consulting services, not in the capacity of an officer or director role, are based on fixed rates for specific course development and facilitation services. The same process and rates are applied for all faculty consultants.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Harvard Business School Interactive, Inc. is part of President and Fellows of Harvard College which makes its annual financial statements available on its website. Harvards conflict of interest policy is available on Harvards intranet, accessible to members of the Harvard community. HBSis governing documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The University does not track hours worked by trustees, officers, key employees, and highest compensated employees. The average hours worked reported on Part VII, Column B are estimates, with 50 hours per week as an approximation for fulltime employment. The hours per week devoted to related organizations represents an estimate of time the individual spends in his/her capacity as a member of the board of directors and/or as an employee of Harvard Affiliates.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8For financial reporting purposes, Harvard Business School Interactive, Inc. HBSi is part of President Fellows of Harvard College and as such is included in the annual financial statements and accompanying audit for Harvard.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part IV, Section A, Line 12b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6, 7a 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VII, Section A, Line 1a col ef
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XII, Line 2a b
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IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0President & Fellows of Harvard College
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0042103580
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Education Research
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01033 Massachusetts Ave
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Cambridge
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IRS990/SchoolOperatingInd0false
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.45$0.41$6.04$9.03$7.32$1.72
2023Detailed filing. Detailed filing data is available for this year.$10.3$4.15$6.16$0.52$0.79$0.27
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$6.43$0.00$6.43$0.00$0.00$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.43$0.00$6.43$0.00$0.00$0.00
2020Summary only. Only limited summary data is available for this year.$52.3$45.9$6.43$80.2$69.7$10.5
2019Summary only. Only limited summary data is available for this year.$56.3$47.4$8.89$125$85.6$39.2
2018Summary only. Only limited summary data is available for this year.$54.5$46.4$8.17$117$79.5$37.1
2017Summary only. Only limited summary data is available for this year.$34.5$28.1$6.45$98.6$71.5$27.1
2016Summary only. Only limited summary data is available for this year.$29.5$23.3$6.16$90.4$62.0$28.4
2015Summary only. Only limited summary data is available for this year.$14.0$3.68$10.3$39.3$22.3$17.0
2014Summary only. Only limited summary data is available for this year.$10.4$4.25$6.17$35.2$23.2$12.0
2013Summary only. Only limited summary data is available for this year.$16.3$6.11$10.2$31.3$19.7$11.6
2012Summary only. Only limited summary data is available for this year.$13.7$3.73$9.93$28.8$16.3$12.5
2011Summary only. Only limited summary data is available for this year.$13.3$3.69$9.61$27.5$15.2$12.3