Civic Intelligence

Harvard Global Research and Support Services Inc.

990 • Fiscal year 2018 • EIN 45-4535664

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

114 Mt Auburn Street 5th FloorCambridge, MA 02138

(617) 496-1889

Siviq Scores

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

Liabilities / Assets

50th percentile

0.16x

Higher debt load relative to assets than 50% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

30th percentile

0.07x

Higher debt load relative to revenue than 30% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

31st percentile

-1.8%

Higher net margin than 31% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

96th percentile

$604,019

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

11th percentile

-9.9%

Faster asset growth than 11% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

14th percentile

-17%

Faster revenue growth than 14% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$2,330,057

Down $255,151 (-9.9%) from 2017

Net Assets

Down

$1,966,033

Down $89,126 (-4.3%) from 2017

Liabilities

Down

$364,024

Down $166,025 (-31%) from 2017

Revenue

Down

$5,073,056

Down $1,060,902 (-17%) from 2017

Expenses

Down

$5,162,182

Down $969,620 (-16%) from 2017

Net Income

Down

-$89,126

Down $91,282 (-4234%) from 2017

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

2018

Assets$2,330,057
Liabilities$364,024
Net Assets$1,966,033

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

2018

Revenue$5,073,056
Expenses$5,162,182
Net Income-$89,126
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.2
Gross Receipts
$5,073,056
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$1,710,918$1,383,002▼ $327,916
Accounts Receivable$874,290$795,493▼ $78,797
Pledges and Grants Receivable$0$105,392▲ $105,392
Prepaid Expenses and Deferred Charges$0$46,170▲ $46,170
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,585,208$2,330,057▼ $255,151
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$364,089$298,260▼ $65,829
Other Liabilities$165,960$65,764▼ $100,196
Total Liabilities$530,049$364,024▼ $166,025
Net Assets / Fund Balance
Unrestricted Net Assets$2,055,159$1,966,033▼ $89,126
Total Net Assets Fund Balance$2,055,159$1,966,033▼ $89,126
Total Liabilities and Net Assets / Fund Balance$2,585,208$2,330,057▼ $255,151
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-Director of Italian StudiesFT$210,129$358,876$569,005

Board Members and Trustees

NameTitle
-Chair and Director
-Former Chair and Director
-Director
-Former Acting Pres. and Treas., and Director
-Pres., Treas., and Director
-Former Assistant Treasurer
-Former Clerk
-Former VP for Sponsored Research
-VP for Operations and Clerk

Highest Paid Contractors

ContractorServicesLocationCompensation
President And Fellows Of Harvard CollegeResearch Services1033 MASSACHUSETTS AVE, 3RD FL, Cambridge, MA 02138, Uk$1,273,917
Piperhill Construction LtdConstruction Services1160 PITTSFORD-VICTOR RD, Pittsford, NY 14534, Uk$246,003
Gumuchdjian Architects LLPArchitectural Services-$198,189
Sutherland Global ServicesFinancial Services-$124,116
Revenue and Support

Revenue Composition

Contributions and Grants
$219,731
Program Service Revenue
$4,844,618
Investment Income
$8,707
Other Revenue
$0
All Other Contributions
$219,731
Change in Net Assets
$-89,126
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,447,557
Salaries, Compensation, and Employee Benefits$1,711,143
Grants and Similar Amounts Paid$3,482
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$2,439,357$10,884$0$2,450,241
Other Salaries and Wages$1,224,317$71,416-$1,295,733
Other Employee Benefits$387,242$28,168-$415,410
Occupancy$206,267$15,926-$222,193
Travel$204,638$7,237-$211,875
Fees for Services Management$150,423$1,158-$151,581
Office Expenses$94,752$4,938-$99,690
Fees for Services Legal$92,332--$92,332
Insurance$59,322$18,904-$78,226
All Other Expenses$21,015$0$0$21,015
Fees for Services Accounting$11,130--$11,130
Information Technology-$9,884-$9,884
Conferences and Meetings$6,906$1,097-$8,003
Other Expenses$7,974$5,331-$7,974
Advertising$5,066$1,650-$6,716
Grants to Domestic Individuals$3,482--$3,482
Interest$1,352--$1,352
Total Functional Expenses$4,983,194$178,988$0$5,162,182
International Activity

International Summary

Offices
0
Employees
25
Spending
$3,212,797

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 Education011$1,300,473
Sub-Saharan AfricaProgram ServicesResearch and Education010$1,103,171
Middle East and North AfricaProgram ServicesResearch and Education03$774,521
East Asia and the PacificProgram ServicesResearch and Education01$21,022
Middle East and North AfricaInvestments---$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
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits and Other Liabilities$65,764
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 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

Meredith weenick is not compensated in her capacity as an officer of harvard global research and support services, inc. Meredith weenick is employed and compensated by harvard university, a related organization. Harvard university has compensation policies and procedures for its employees.

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 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

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 requisitions. Merit increases are available annually for good performance. These increases are reviewed and approved by the compensation office.

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
6174961889
Address
114 Mt Auburn Street 5th Floor, Cambridge, MA 02138

Signing Officer

Name
Joseph H O'Regan
Title
VP for Operations and Clerk
Signed
2019-05-15

Organization Details

Formed
2012
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
0
Employees
12
Volunteers
0
Supplemental Narrative

Additional Explanations

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

Harvard global reported 12 employees on form w-3 for the calendar year 2017. There were an additional 11 individuals who worked internationally that were not reported on the form w-3 but were considered employees of harvard global.

Form 990, Part IX, Line 11G Other Fees

CLIENT CONTRACT SERVICES - Total Expense: 1971520, Program Service Expense: 1971520, Management and General Expenses: 0, Fundraising Expenses: 0; PROFESSIONAL SERVICES - Total Expense: 478721, Program Service Expense: 467837, Management and General Expenses: 10884, Fundraising Expenses: 0;

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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