Civic Intelligence

Harvard Global Research and Support Services Inc.

990 • Fiscal year 2016 • EIN 45-4535664

Jul 01, 2015 to Jun 30, 2016 • Filed on May 12, 2017

114 Mt Auburn Street 5th FloorCambridge, MA 02138

(617) 496-7131

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.11x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

43rd percentile

0.07x

Higher debt load relative to revenue than 43% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

27th percentile

-5.8%

Higher net margin than 27% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

98th percentile

$542,501

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 15.6% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

95th percentile

88%

Faster asset growth than 95% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

94th percentile

98%

Faster revenue growth than 94% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$2,332,015

Up $1,090,280 (+88%) from 2015

Net Assets

Up

$2,071,889

Up $998,732 (+93%) from 2015

Liabilities

Up

$260,126

Up $91,548 (+54%) from 2015

Revenue

Up

$3,468,593

Up $1,716,667 (+98%) from 2015

Expenses

Up

$3,669,861

Up $1,659,108 (+83%) from 2015

Net Income

Up

-$201,268

Up $57,559 (+22%) from 2015

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $0Liabilities 2012: $02012Assets 2013: $247,057Liabilities 2013: $247,057Net Assets 2013: $02013Assets 2014: $1,440,471Liabilities 2014: $108,487Net Assets 2014: $1,331,9842014Assets 2015: $1,241,735Liabilities 2015: $168,578Net Assets 2015: $1,073,1572015Assets 2016: $2,332,015Liabilities 2016: $260,126Net Assets 2016: $2,071,8892016Assets 2017: $2,585,208Liabilities 2017: $530,049Net Assets 2017: $2,055,1592017Assets 2018: $2,330,057Liabilities 2018: $364,024Net Assets 2018: $1,966,0332018Assets 2019: $2,598,979Liabilities 2019: $765,275Net Assets 2019: $1,833,7042019Assets 2020: $2,563,910Liabilities 2020: $714,078Net Assets 2020: $1,849,8322020Assets 2021: $4,102,783Liabilities 2021: $301,946Net Assets 2021: $3,800,8372021Assets 2022: $3,798,897Liabilities 2022: $372,032Net Assets 2022: $3,426,8652022Assets 2023: $3,811,377Liabilities 2023: $703,866Net Assets 2023: $3,107,5112023Assets 2024: $5,396,692Liabilities 2024: $387,404Net Assets 2024: $5,009,2882024

Highlighted filing

2016

Assets$2,332,015
Liabilities$260,126
Net Assets$2,071,889

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $0Expenses 2012: $147,090Net Income 2012: -$147,0902012Revenue 2013: $621,924Expenses 2013: $621,924Net Income 2013: $02013Revenue 2014: $2,053,161Expenses 2014: $1,721,177Net Income 2014: $331,9842014Revenue 2015: $1,751,926Expenses 2015: $2,010,753Net Income 2015: -$258,8272015Revenue 2016: $3,468,593Expenses 2016: $3,669,861Net Income 2016: -$201,2682016Revenue 2017: $6,133,958Expenses 2017: $6,131,802Net Income 2017: $2,1562017Revenue 2018: $5,073,056Expenses 2018: $5,162,182Net Income 2018: -$89,1262018Revenue 2019: $4,821,104Expenses 2019: $4,967,043Net Income 2019: -$145,9392019Revenue 2020: $4,547,045Expenses 2020: $4,517,307Net Income 2020: $29,7382020Revenue 2021: $7,593,070Expenses 2021: $5,641,189Net Income 2021: $1,951,8812021Revenue 2022: $4,793,187Expenses 2022: $5,167,159Net Income 2022: -$373,9722022Revenue 2023: $5,567,391Expenses 2023: $5,200,028Net Income 2023: $367,3632023Revenue 2024: $7,274,584Expenses 2024: $5,708,474Net Income 2024: $1,566,1102024

Highlighted filing

2016

Revenue$3,468,593
Expenses$3,669,861
Net Income-$201,268
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 12, 2017
Return Version
2015v3.0
Gross Receipts
$3,468,593
Mission and Program Overview

Mission

The corporation is organized and operated exclusively for charitable and educational purposes within the meaning of section 501(c)(3) of the internal revenue code of 1986, as amended. Specifically, the corporation has been formed for the benefit of the president and fellows of harvard college in order to conduct, support and facilitate educational and research activities within and outside of the united states, and to receive grants from organizations, including government agencies located within and outside of the united states.

Conduct, support and facilitate educational and research activities for harvard university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$652,129$1,728,227▲ $1,076,098
Prepaid Expenses and Deferred Charges$0$334,953▲ $334,953
Accounts Receivable$265,616$251,996▼ $13,620
Pledges and Grants Receivable$323,990$16,839▼ $307,151
Receivable From Disqualified Prsn$0--
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$1,241,735$2,332,015▲ $1,090,280
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$148,060$164,952▲ $16,892
Other Liabilities$20,518$87,868▲ $67,350
Deferred Revenue$0$7,306▲ $7,306
Total Liabilities$168,578$260,126▲ $91,548
Net Assets / Fund Balance
Unrestricted Net Assets$1,073,157$2,071,889▲ $998,732
Total Net Assets Fund Balance$1,073,157$2,071,889▲ $998,732
Total Liabilities and Net Assets / Fund Balance$1,241,735$2,332,015▲ $1,090,280
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-VP for Operations and ClerkFT$119,988$36,921$156,909
-Director of Italian StudiesFT$85,344$65,197$150,541

Board Members and Trustees

NameTitle
-Chair and Director (began 09/2015)
-Former Chair and Director
-Director
-Former Acting Pres. and Treas., and Director
-Pres., Treas., and Director
-Former Clerk
-VP for Operations (until 06/2016)
-VP for Sponsored Research (until 11/2015)

Highest Paid Contractors

ContractorServicesLocationCompensation
President And Fellows Of Harvard CollegeResearch Services1033 MASSACHUSETTS AVE, 3RD FL, Cambridge, MA 02138$790,592
Revenue and Support

Revenue Composition

Contributions and Grants
$8,964
Program Service Revenue
$3,458,795
Investment Income
$834
Other Revenue
$0
All Other Contributions
$8,964
Change in Net Assets
$-201,268
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,458,551
Other Expenses$1,211,310
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,657,614$42,677-$1,700,291
Other Employee Benefits$428,953$21,857-$450,810
Fees for Services Other$287,156$27,295$0$314,451
Current Officers, Directors, Trustees, and Key Employees$268,226$39,224-$307,450
Occupancy$203,768$16,076-$219,844
Fees for Services Legal$153,570$14,075-$167,645
Travel$95,627$1,564-$97,191
Fees for Services Management$81,635$2,384-$84,019
All Other Expenses$75,026$1,100$0$76,126
Office Expenses$56,200$12,207-$68,407
Information Technology$37,907$10,552-$48,459
Insurance$20,762$4,921-$25,683
Fees for Services Accounting$9,960$1,089-$11,049
Conferences and Meetings$6,194$642-$6,836
Other Expenses$3,942$333-$3,942
Advertising$903$301-$1,204
Interest$102--$102
Total Functional Expenses$3,470,667$199,194$0$3,669,861
International Activity

International Summary

Offices
0
Employees
25
Spending
$2,205,278

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)Program ServicesResearch and Education08$792,994
Sub-Saharan AfricaProgram ServicesResearch and Education014$646,949
Middle East and North AfricaProgram ServicesResearch and Education00$567,901
East Asia and the PacificProgram ServicesResearch and Education03$130,176
South AsiaProgram ServicesResearch and Education00$53,648
Middle East and North AfricaProgram ServicesInvestment in Subsidiary00$13,610
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$0--
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits and Other Liabilities$87,868
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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 2 FAMILY OR BUSINESS RELATIONSHIP

Meredith weenick, president and treasurer of harvard global research and support services, inc. Is also an officer of president and fellows of harvard college. The president and fellows of harvard college employs most of the officers, directors, and key employees of harvard global research and support services, including elliott, mccullough, axelrod, breen, and levy.

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

Harvard global research and support services, inc. Has adopted harvard university's policies and procedures, including a written whistleblower policy and a documentation retention and destruction policy.

Form 990, Part VI, Line 15A PRESIDENT'S COMPENSATION

President weenick is not compensated in her capacity as an officer of harvard global research and support services, inc. She is employed and compensated by president and fellows of harvard college for services performed for that organization. The process to determine her compensation is described on schedule j.

Form 990, Part VI, Line 6 Classes of members or stockholders

Harvard global research and support services, inc. Has one member, which is the individual serving from time to time as the provost of the president and fellows of harvard college.

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

Harvard global research and support services, inc. Is an affiliate of harvard university. The member of the corporation appoints the harvard global research and support services, inc.'s directors.

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

The member has the authority to amend the corporation's articles and to appoint directors.

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 research and support services, inc.'s governing body.

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

The form 990 was reviewed by harvard university financial administrators and external financial advisors. A final copy of the form 990 was provided to harvard global research and support services, inc.'s governing board before it was filed.

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

Annually, the company distributes a policy on conflicts of interest for all directors and officers and asks them to confirm compliance. The completed forms are reviewed by counsel. Directors and officers are required to disclose any conflicts arising at any time, for review by the disinterested directors.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

One key employee and one officer are compensated by harvard global research and support services ("harvard global"). Each harvard global employee's compensation is determined by harvard university, in accordance with harvard university's standard compensation procedures. Within harvard university, each unit has slightly different procedures, described below. Harvard university's office of the vice president for campus services ("campus services"), determined the compensation for the vice president for operations. Campus services has a consistent process for grading and slotting salary for each position. The process includes a review by the compensation office for correct grading and salary based on comparability data. The campus services controller and harvard university's executive vice president must approve all hiring requistions. Merit increases are available annually for good performance. These increases are reviewed and approved by the compensation office. Harvard university's office of the president and provost, in conjuction with the faculty of arts and sciences ("fas"), determined the compensation for the director of italian studies. Fas salaries are recommended by the divisional dean and approved by the dean of fas. The final salaries, benefits, and perquisites for directors of centers are approved by the provost in consultation with the appropriate administrative offices. Merit increases are determined by the provost of the university in consultation with the fas office of faculty affairs.

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

Harvard global research and support services, inc.'s financial statements are incorporated in harvard university's consolidated financial statements, which are available on harvard university's website. Harvard global research and support services, inc.'s conflict of interest policy is available upon request. Harvard global research and support services, inc.'s articles of incorporation are available upon request.

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

Harvard global research and support services, inc. Does not track hours worked by the directors or officers. 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 and as an employee or member of the board of directors of the related organizations.

Filing and Contact Details

Filer

Filer Name
Harvard Global Research and Support Services Inc
EIN
45-4535664
Phone
6174967131
Address
114 Mt Auburn Street 5th Floor, Cambridge, MA 02138

Signing Officer

Name
Joseph H O'Regan
Title
VP for Operations
Signed
2017-05-12

Organization Details

Formed
2012
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
0
Employees
13
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A NUMBER OF EMPLOYEES

Harvard global reported 13 employees on form w-3 for the calendar year 2015. There were an additional 9 individuals who worked internationally that were not reported on the form w-3 but were considered employees of harvard global.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Capital contribution from supported organization - 1200000;

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

Harvard global research and support services, inc. 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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IRS990/Form990PartVIISectionAGrp/TitleTxt3VP FOR OPERATIONS AND CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP FOR SPONSORED RESEARCH (UNTIL 11/2015)
IRS990/Form990PartVIISectionAGrp/TitleTxt5VP FOR OPERATIONS (UNTIL 06/2016)
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR OF ITALIAN STUDIES
IRS990/Form990PartVIISectionAGrp/TitleTxt7FORMER CHAIR AND DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8FORMER CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt9FORMER ACTING PRES. AND TREAS., AND DIR.
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0East Asia and the Pacific
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt4Sub-Saharan Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt5Middle East and North Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0RESEARCH AND EDUCATION
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1RESEARCH AND EDUCATION
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2RESEARCH AND EDUCATION
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt3RESEARCH AND EDUCATION
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt4RESEARCH AND EDUCATION
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt5INVESTMENT IN SUBSIDIARY
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Services
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2Program Services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt3Program Services

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