Civic Intelligence

Harvard Business School Student Association Inc.

990 • Fiscal year 2015 • EIN 04-6054794

Jun 01, 2014 to May 31, 2015 • Filed on Apr 13, 2016

C/O Hbs Financial Officeteele HallBoston, MA 02163

(617) 495-3522

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.12x

Higher debt load relative to assets than 52% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

45th percentile

0.09x

Higher debt load relative to revenue than 45% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

41st percentile

0.3%

Higher net margin than 41% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

54th percentile

1.8%

Faster asset growth than 54% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

74th percentile

18%

Faster revenue growth than 74% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$732,716

Up $12,808 (+1.8%) from 2014

Net Assets

Up

$643,052

Up $2,767 (+0.4%) from 2014

Liabilities

Up

$89,664

Up $10,041 (+13%) from 2014

Revenue

Up

$1,049,515

Up $160,375 (+18%) from 2014

Expenses

Up

$1,046,748

Up $207,992 (+25%) from 2014

Net Income

Down

$2,767

Down $47,617 (-95%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $729,583Liabilities 2011: $104,222Net Assets 2011: $625,3612011Assets 2012: $694,277Liabilities 2012: $129,145Net Assets 2012: $565,1322012Assets 2013: $655,853Liabilities 2013: $65,952Net Assets 2013: $589,9012013Assets 2014: $719,908Liabilities 2014: $79,623Net Assets 2014: $640,2852014Assets 2015: $732,716Liabilities 2015: $89,664Net Assets 2015: $643,0522015Assets 2016: $736,583Liabilities 2016: $74,798Net Assets 2016: $661,7852016Assets 2017: $842,852Liabilities 2017: $116,436Net Assets 2017: $726,4162017Assets 2018: $920,570Liabilities 2018: $99,148Net Assets 2018: $821,4222018Assets 2019: $862,667Liabilities 2019: $75,718Net Assets 2019: $786,9492019Assets 2020: $1,063,052Liabilities 2020: $56,544Net Assets 2020: $1,006,5082020Assets 2021: $1,121,479Liabilities 2021: $126,890Net Assets 2021: $994,5892021Assets 2022: $996,599Liabilities 2022: $114,454Net Assets 2022: $882,1452022Assets 2023: $1,010,431Liabilities 2023: $97,061Net Assets 2023: $913,3702023Assets 2024: $1,058,474Liabilities 2024: $64,032Net Assets 2024: $994,4422024Assets 2025: $1,145,952Liabilities 2025: $81,844Net Assets 2025: $1,064,1082025

Highlighted filing

2015

Assets$732,716
Liabilities$89,664
Net Assets$643,052

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $874,291Expenses 2011: $821,065Net Income 2011: $53,2262011Revenue 2012: $850,062Expenses 2012: $910,291Net Income 2012: -$60,2292012Revenue 2013: $875,426Expenses 2013: $850,657Net Income 2013: $24,7692013Revenue 2014: $889,140Expenses 2014: $838,756Net Income 2014: $50,3842014Revenue 2015: $1,049,515Expenses 2015: $1,046,748Net Income 2015: $2,7672015Revenue 2016: $1,037,374Expenses 2016: $1,018,641Net Income 2016: $18,7332016Revenue 2017: $1,012,843Expenses 2017: $948,212Net Income 2017: $64,6312017Revenue 2018: $926,436Expenses 2018: $831,430Net Income 2018: $95,0062018Revenue 2019: $986,276Expenses 2019: $1,021,215Net Income 2019: -$34,9392019Revenue 2020: $750,674Expenses 2020: $554,506Net Income 2020: $196,1682020Revenue 2021: $176,030Expenses 2021: $268,495Net Income 2021: -$92,4652021Revenue 2022: $941,327Expenses 2022: $999,063Net Income 2022: -$57,7362022Revenue 2023: $1,269,322Expenses 2023: $1,223,956Net Income 2023: $45,3662023Revenue 2024: $1,200,594Expenses 2024: $1,172,543Net Income 2024: $28,0512024Revenue 2025: $1,116,906Expenses 2025: $1,066,247Net Income 2025: $50,6592025

Highlighted filing

2015

Revenue$1,049,515
Expenses$1,046,748
Net Income$2,767
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Apr 13, 2016
Return Version
2014v6.0
Gross Receipts
$1,265,499
Mission and Program Overview

Mission

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$671,990$664,531▼ $7,459
Accounts Receivable$22,842$26,853▲ $4,011
Prepaid Expenses and Deferred Charges$9,337$25,405▲ $16,068
Inventories for Sale or Use$15,739$10,704▼ $5,035
Cash and Non-Interest-Bearing Accounts$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$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$719,908$732,716▲ $12,808
Other Assets Total$0$5,223▲ $5,223
Liabilities
Accounts Payable and Accrued Expenses$78,011$88,631▲ $10,620
Deferred Revenue$1,612$1,033▼ $579
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
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$79,623$89,664▲ $10,041
Net Assets / Fund Balance
Unrestricted Net Assets$640,285$643,052▲ $2,767
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$640,285$643,052▲ $2,767
Total Liabilities and Net Assets / Fund Balance$719,908$732,716▲ $12,808
Compensation and Service Providers

Board Members and Trustees

NameTitle
Anya HaydenCo-president as of 04/15
Bradley MinkowCo-president as of 04/15
Chukwonunso MadukaCo-president Through 04/15
Linda LiCo-president Through 04/15
Brittany JonesCCO as of 04/15
Jonathan ScherrCCO as of 04/15
Heather SilverioCCO Through 04/15
Patricio BicharaCCO Through 04/15
Britney WintersCDO as of 04/15
Sarah ZhangCDO Through 04/15
Justin LabonteCFO & COO Products as of 04/15
Paul KalmbachCFO Through 04/15
Sarina HickeyCMO as of 04/15
Caroline PierceCOO as of 04/15
David ChanCOO Events as of 04/15
Patricia MccormickCOO Events as of 04/15
Christy EssayCOO Events Through 04/15
Lindsay WilliamsCOO Events Through 04/15
Jeanne StollCOO Products Through 04/15
Malavika SrinivasanCOO Through 04/15
Kate OdonnellCSO as of 04/15
Cyrus StollerCTO as of 04/15
Karan KumarCWO as 04/15
Jessica GoldfinCWO as of 04/15
Benjamin BrinkopfHead Senator as of 04/15
Adam SchaackHead Senator Through 05/31/15
Ali HuberlieSenator & CDO Through 05/31/15
Emily GoergenSenator & CMO Through 05/31/15
Alexander VassilevSenator as of 10/14
Catherine SlaterSenator as of 10/14
Christopher IgoSenator as of 10/14
Christy LiuSenator as of 10/14
Elizabeth ClarkSenator as of 10/14
Giulia SiccardoSenator as of 10/14
Julie CockleSenator as of 10/14
Michael KoichopolosSenator as of 10/14
Sarah KretzSenator as of 10/14
Aaron WurstSenator Through 05/31/15
Byron ScottSenator Through 05/31/15
Daniel ZainulbhaiSenator Through 05/31/15
Julia CohenSenator Through 05/31/15
Kerry StuewerSenator Through 05/31/15
Nimi KatragaddaSenator Through 05/31/15
Soyoon SungSenator Through 05/31/15
Revenue and Support

Revenue Composition

Contributions and Grants
$494,575
Program Service Revenue
$458,969
Investment Income
$701
Other Revenue
$95,270
All Other Contributions
$30,200
Change in Net Assets
$2,767

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,265,499
Revenue Not Reported on Financial Statements
$-215,984
Revenue Not Reported on Form 990
$37,028
Other Revenue Adjustments
$-215,984
Total Revenue per Audited Statements
$1,302,527
Total Revenue per Form 990
$1,049,515
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$953,914
Salaries, Compensation, and Employee Benefits$92,834
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$32,064$40,037-$72,101
Fees for Services Accounting-$34,025-$34,025
Other Expenses$20,693--$20,693
Pension Plan Contributions-$10,190-$10,190
Other Employee Benefits-$7,775-$7,775
Fees for Services Legal-$5,000-$5,000
Office Expenses$4,335--$4,335
Payroll Taxes$2,768--$2,768
Information Technology$2,417--$2,417
Royalties$1,873--$1,873
Depreciation Depletion$1,778--$1,778
Insurance$904--$904
Advertising$322--$322
Total Functional Expenses$949,721$97,027$0$1,046,748

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,299,760
Expenses per Audited Statements$1,046,748
Total Expenses per Form 990$1,046,748
Expenses Not Reported on Form 990$253,012
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
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
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 1A

The members of the governing body delegate daily operating decisions to the elected executive committee. The executive committee consists of: co-presidents, chief financial officer, chief operating officers, chief marketing officer, chief development officers, chief community officers, chief wellness officers, chief technology officers.

Form 990, Part VI, Section A, Line 4

Change in by-laws, article iii, the senate, section 3 - voting membership of the senate shall consist of the section senators (one from each section). The sa co-president presiding at a particular senate meeting shall vote only in cases where his / her vote will break a tie.

Form 990, Part VI, Section A, Line 6

All current harvard business school students are members of the organization.

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

All members are invited to participate in the elections of the members of the organization's governing body with exception of the cfo and coos, who are appointed by the incoming co-presidents, and outgoing co-presidents, cfo, and coo.

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

The organization provides form 990 to pwc, an independent tax firm, to review and sign. The completed return is reviewed by the organization's executive board and then signed by the cfo. Prior to filing, the 990 is electronically transmitted to the entire board of directors for review.

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

The individual board members and officers sign the conflict of interest policy and make disclosures as required. It is submitted to the cfo and accountant who review them. If an individual has a conflict, they are excused from voting on that particular policy or event.

Form 990, Part VI, Section C, Line 18

The organization's 990 tax return is available on guidestar.org or upon request.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Harvard Business School Student Association
EIN
04-6054794
In Care Of
% JULIE SCULLY
Phone
6174953522
Address
C/O HBS FINANCIAL OFFICETEELE HALL, BOSTON, MA 02163

Signing Officer

Name
Justin Labonte
Title
CFO
Phone
6175305000
Signed
2016-04-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Labonte
Formed
1949
Legal Domicile
Ma
Voting Board Members
20
Independent Board Members
20
Employees
7
Volunteers
0

Preparer

Firm
PricewaterhouseCoopers LLP
Address
101 SEAPORT BOULEVARD, Boston, MA 02110
Preparer
Erin Couture Director
Phone
6175305000
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1 & Form 990, Part III, Line 1

The harvard business school student association's (hbssa) mission is to actively enrich and broaden the exerience of the student community at the harvard business school both in and out of the classroom. The hbssa is involved with implementing mba program enhancements or other initiatives that improve the student experience and promote camaraderie via orientation, athletic, social, and class day activities. The hbssa also operates a bookstore and concessions for the students on campus.

Financial Statement Notes

Part X Line 1

The organization's financial statements did not report a liability for uncertain tax position under fin 48

Part XI Line 4B

COST OF GOODS SOLD

Part XII Line 2D

COST OF GOODS SOLD

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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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IRS990/Form990PartVIISectionAGrp/TitleTxt3SENATOR THROUGH 05/31/15
IRS990/Form990PartVIISectionAGrp/TitleTxt4SENATOR THROUGH 05/31/15
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.15$0.08$1.06$1.12$1.07$0.05
2024Detailed filing. Detailed filing data is available for this year.$1.06$0.06$0.99$1.20$1.17$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.01$0.10$0.91$1.27$1.22$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.00$0.11$0.88$0.94$1.00$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.12$0.13$0.99$0.18$0.27$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.06$0.06$1.01$0.75$0.55$0.20
2019Detailed filing. Detailed filing data is available for this year.$0.86$0.08$0.79$0.99$1.02$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.92$0.10$0.82$0.93$0.83$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.84$0.12$0.73$1.01$0.95$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.74$0.07$0.66$1.04$1.02$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.73$0.09$0.64$1.05$1.05$0.00
2014Summary only. Only limited summary data is available for this year.$0.72$0.08$0.64$0.89$0.84$0.05
2013Summary only. Only limited summary data is available for this year.$0.66$0.07$0.59$0.88$0.85$0.02
2012Summary only. Only limited summary data is available for this year.$0.69$0.13$0.57$0.85$0.91$0.06
2011Summary only. Only limited summary data is available for this year.$0.73$0.10$0.63$0.87$0.82$0.05
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $1M-$5M nonprofits