Civic Intelligence

Hult Educational Services Inc

990 • Fiscal year 2018 • EIN 81-2441907

Oct 01, 2017 to Sep 30, 2018 • Filed on Jun 06, 2019

One Education StreetCambridge, MA 02141

(617) 746-1990

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.00x

Higher debt load relative to assets than 93% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

13th percentile

0.07x

Higher debt load relative to revenue than 13% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Net Margin

33rd percentile

0.2%

Higher net margin than 33% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

10th percentile

$138,767

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Asset Growth

85th percentile

16%

Faster asset growth than 85% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

52nd percentile

5.5%

Faster revenue growth than 52% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Assets

Up

$3,929,634

Up $550,761 (+16%) from 2017

Net Assets

Flat

$0

Flat from 2017

Liabilities

Up

$3,929,634

Up $550,761 (+16%) from 2017

Revenue

Up

$55,294,548

Up $2,902,841 (+5.5%) from 2017

Expenses

Up

$55,193,633

Up $2,801,926 (+5.3%) from 2017

Net Income

Up

$100,915

Up $100,915 from 2017

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2016: $2,777,649Liabilities 2016: $2,777,649Net Assets 2016: $02016Assets 2017: $3,378,873Liabilities 2017: $3,378,873Net Assets 2017: $02017Assets 2018: $3,929,634Liabilities 2018: $3,929,634Net Assets 2018: $02018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2018

Assets$3,929,634
Liabilities$3,929,634
Net Assets$0

Operations Trend

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

$60M$40M$20M$0Revenue 2016: $44,000,566Expenses 2016: $44,000,566Net Income 2016: $02016Revenue 2017: $52,391,707Expenses 2017: $52,391,707Net Income 2017: $02017Revenue 2018: $55,294,548Expenses 2018: $55,193,633Net Income 2018: $100,9152018Revenue 2019: $1,091,569Expenses 2019: $1,014,259Net Income 2019: $77,3102019

Highlighted filing

2018

Revenue$55,294,548
Expenses$55,193,633
Net Income$100,915
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Jun 6, 2019
Return Version
2017v2.3
Gross Receipts
$55,294,548
Mission and Program Overview

Mission

The organization arranges and provides essential educational and related services to two educational institutions, hult international business school, inc. And hult international business school, ltd. (collectively the "schools"). The organization's primary purpose is to support and assist the schools in achieving their charitable and educational purposes. The schools are the sole corporate members of hes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$540,858$674,264▲ $133,406
Accounts Receivable$16,971$359,769▲ $342,798
Intangible Assets-$91,578-
Cash and Non-Interest-Bearing Accounts$59,376$74,893▲ $15,517
Total Assets$3,378,873$3,929,634▲ $550,761
Other Assets Total$2,761,668$2,729,130▼ $32,538
Liabilities
Accounts Payable and Accrued Expenses$1,619,849$2,230,922▲ $611,073
Other Liabilities$1,759,024$1,698,712▼ $60,312
Total Liabilities$3,378,873$3,929,634▲ $550,761
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$3,378,873$3,929,634▲ $550,761

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,729,130--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Niclas MiornerTreas./clerk Thru 01/2018$138,767$138,767

Board Members and Trustees

NameTitle
Christopher AhlbergPresident/director
James SintrosDirector
Rebecca QuintavalleDirector
Claes AldenClerk Beg. 2/2018
Martin AspTreasurer Beg. 2/2018
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$55,294,548
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$100,915

Audited Revenue Reconciliation

Revenue per Audited Statements
$55,294,548
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-100,915
Total Revenue per Audited Statements
$55,193,633
Total Revenue per Form 990
$55,294,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$55,193,633
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
All Other Expenses$2,974,244$4,940,863-$7,915,107
Other Expenses$3,994,077$3,347,586-$3,347,586
Office Expenses-$709,962-$709,962
Conferences and Meetings$266,709$96,436-$363,145
Fees for Services Accounting-$16,071-$16,071
Depreciation Depletion-$10,175-$10,175
Travel$7,417--$7,417
Fees for Services Legal-$3,587-$3,587
Total Functional Expenses$36,092,385$19,101,248$0$55,193,633

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$55,193,633
Total Expenses per Audited Statements$55,193,633
Total Expenses per Form 990$55,193,633
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$21,992,971

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
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumProvide Various Support Services to Hult International Business School, Ltd.Enrollment and Marketing--$21,992,971
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Christopher AhlbergMr. Ahlberg Is the President of the Board of Directors of Hult Ed. Svcs.Mr. Ahlberg Is a Member of the Board of Directors of Hult International Business School, Inc., a Related Organization.No-
Claes AldenMr. Alden Is the Clerk of Hult Educational Services, Inc. (beg. 2/2018).Mr. Alden Is the Clerk of Hult International Business School, Inc., a Related Organization (beginning in 2/2018).No-
James SintrosMr. Sintros Is a Board Member (director) of Hult Educational Services, Inc.Mr. Sintros Is a Member of the Board of Directors of Hult International Business School, Inc., a Related Organization.No-
Martin AspMr. Asp Is the Treasurer of Hult Educational Services, Inc. (beg. 2/2018).Mr. Asp Is the Treasurer of Hult International Business School, Inc., a Related Organization (beginning in 2/2018).No-
Niclas MiornerMr. Miorner Was the Treasurer of Hult Educ. Services, Inc. Through 1/2018.Mr. Miorner Was the Clerk of Hult International Business School, Inc., a Related Organization Through 1/2018.No-
Rebecca QuintavalleMs. Quintavalle Is a Board Member (director) of Hult Educ. Services, Inc.Ms. Quintavalle Is a Member of the Board of Directors of Hult International Business School, Inc., a Related Organization.No-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Significant Parties$1,698,712
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
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 6

The organization's members are hult international business school, inc. And hult international business school, ltd. These members have all rights, powers, functions and responsibilities required or allowed by the articles of organization and applicable law. Hult international business school, inc. Has the power to elect two members of the board of directors and hult international business school, ltd. Has the power to elect one member of the board of directors.

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

The organization's members are hult international business school, inc. And hult international business school, ltd. These members have all rights, powers, functions and responsibilities required or allowed by the articles of organization and applicable law. Hult international business school, inc. Has the power to elect two members of the board of directors and hult international business school, ltd. Has the power to elect one member of the board of directors.

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

The organization does not have any committees with the authority to act on behalf of the board of directors.

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

The organization's president, treasurer and other members of the board of directors review a draft of the form 990, which is prepared by the organization's independent accountants. Any resultant comments and changes are discussed with the independent accountants and if appropriate, incorporated into the final version of the form 990 prior to its filing with the irs.

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

All directors and officers are provided with copies of the conflict of interest policy. Directors and officers are required to disclose conflicts of interest at board meetings.

Form 990, Part VI, Section C, Line 19

The organization's audited financial statements are available to the general public via the website of a regulatory agency and upon request. The organiztion's governing documents and conflict of interest policy are made available to the general public upon request.

Form 990, Part VI, Line 13

The organization does not have any employees. As a result, a whistleblower policy is not considered necessary or applicable.

Form 990, Part VI, Lines 15A and 15B

The organization does not have any employees. The organization has contractual arrangements with several enrollment service providers whose employees provide enrollment and marketing services to the organization.

Filing and Contact Details

Filer

Filer Name
Hult Educational Services Inc
EIN
81-2441907
Phone
6177461990
Address
ONE EDUCATION STREET, CAMBRIDGE, MA 02141

Signing Officer

Name
Claes Alden
Title
Clerk
Phone
6177461990
Signed
2019-06-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Claes Alden
Formed
2016
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
5

Preparer

Firm
Leonard Mulherin & Greene Pc
Address
625 GROVE STREET, BRAINTREE, MA 02184
Preparer
Mark J Preziosi
Phone
7813564800
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A

The organization does not have any employees. As a result, it does not file a form w-3 with the internal revenue service.

Form 990, Part IX, Line 24E

Software license fee: program service expenses 0. Management and general expenses 2,092,434. Fundraising expenses 0. Total expenses 2,092,434. Public relations activities: program service expenses 0. Management and general expenses 2,086,236. Fundraising expenses 0. Total expenses 2,086,236. Commissions: program service expenses 958,146. Management and general expenses 0. Fundraising expenses 0. Total expenses 958,146. Other professional fees: program service expenses 219,705. Management and general expenses 707,469. Fundraising expenses 0. Total expenses 927,174. Bought addresses: program service expenses 574,404. Management and general expenses 0. Fundraising expenses 0. Total expenses 574,404. Staff related costs: program service expenses 291,794. Management and general expenses 0. Fundraising expenses 0. Total expenses 291,794. Other agent costs: program service expenses 279,632. Management and general expenses 0. Fundraising expenses 0. Total expenses 279,632. Special campaigns: program service expenses 277,129. Management and general expenses 0. Fundraising expenses 0. Total expenses 277,129. Online vendors: program service expenses 186,882. Management and general expenses 0. Fundraising expenses 0. Total expenses 186,882. Other costs: program service expenses 120,989. Management and general expenses 54,724. Fundraising expenses 0. Total expenses 175,713. Photographer cost: program service expenses 65,563. Management and general expenses 0. Fundraising expenses 0. Total expenses 65,563.

FORM 990, PART XI, LINE 9:

Exchange rate losses -100,915.

Form 990, Other Relevant Information and Disclosures

In connection with fufilling its primary mission, hult educational services, inc. ("hes") entered into various contractual agreements with significant parties for services it provided or was provided during the year ended september 30, 2018. Contractual agreements with corporate members during 2018, hes had agreements with hult international business school, inc. ("hibs") and hult international business school, ltd. ("hult, ltd.") to provide enrollment, management, marketing, it and financial services to the schools. Revenue for the year ended september 30, 2018 totaled $55,294,548. A breakdown of the revenue earned for the year ended september 30, 2018 is as follows: hult international business school, inc.- $33,301,577 hult international business school, ltd.- $21,992,971 additionally, hibs billed hes $14,837,181 for the year ended september 30, 2018 for marketing, enrollment services and other costs under a contractual agreement. At september 30, 2018, hibs and hult, ltd. (combined) owed hes $2,686,609 related to these services, which is included in other assets on the statement of financial position. Other contractual agreements for the year ended september 30, 2018: student enrollment services hult investments fz-llc (united arab emirates) - $1,255,440 ef language colleges, ltd. (switzerland) - $3,349,528 hult recruitment services gmbh (switzerland) - $3,062,574 hult recruiting services, ltd. (united kingdom) - $5,265,450 hult international business school, ltd. (hong kong) - $2,931,499 hult business consulting services private, ltd. (india) - $1,511,853 management services hult support services, ltd. (united kingdom) - $9,971,788 hult support services, ltd. Is a for-profit entity owned by hult international business school, inc. The majority of other liabilities and other assets are due to/from the above entities that hes had contracted with as of september 30, 2018.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Exchange rate losses -100,915.

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IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt055294548
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt055294548
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt052391707
IRS990/PYOtherRevenueAmt0500097
IRS990/PYProgramServiceRevenueAmt051891610
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt052391707
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt052391707
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0100915
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt055193633
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlDecidingGrntFrgnOrgInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportForeignOrgNoDetermInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0HULT EDUCATIONAL SERVICES, INC. (THE ORGANIZATION OR "HES") IS A NONPROFIT ORGANIZATION THAT ARRANGES AND PROVIDES ESSENTIAL EDUCATIONAL AND RELATED SERVICES TO TWO EDUCATIONAL INSTITUTIONS, HULT INTERNATIONAL BUSINESS SCHOOL, INC. (A MASSACHUSETTS NONPROFIT CORPORATION) AND HULT INTERNATIONAL BUSINESS SCHOOL, LTD. (A CHARITABLE ORGANIZATION IN THE UNITED KINGDOM) (COLLECTIVELY THE "SCHOOLS"). THE ORGANIZATION'S PRIMARY PURPOSE IS TO SUPPORT AND ASSIST THE SCHOOLS IN ACHIEVING THEIR CHARITABLE AND EDUCATIONAL PURPOSES. THE SCHOOLS ARE THE SOLE CORPORATE MEMBERS OF HES. HES PROVIDES ENROLLMENT, MANAGEMENT, MARKETING, IT AND FINANCIAL SERVICES TO THE SCHOOLS. 100% OF THE COSTS AND EXPENSES INCURRED BY HES ARE REIMBURSED BY THE SCHOOLS. DURING THE YEAR ENDED SEPTEMBER 30, 2018, HES DID NOT PROVIDE ANY DIRECT MONETARY SUPPORT TO HULT INTERNATIONAL BUSINESS SCHOOL, LTD. HOWEVER, SHOULD SUPPORT BE PROVIDED IN THE FUTURE, HES HAS ULTIMATE CONTROL AND DISCRETION (INCLUDING BOARD OVERSIGHT AND APPROVAL) IN DECIDING WHETHER TO MAKE GRANTS TO HULT INTERNATIONAL BUSINESS SCHOOL, LTD.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1DURING THE YEAR ENDED SEPTEMBER 30, 2018, HES DID NOT PROVIDE ANY DIRECT MONETARY SUPPORT TO EITHER HULT INTERNATIONAL BUSINESS SCHOOL, INC. OR HULT INTERNATIONAL BUSINESS SCHOOL, LTD. HOWEVER, SHOULD SUPPORT BE PROVIDED IN THE FUTURE, HES HAS ADEQUATE CONTROLS IN PLACE (INCLUDING BOARD OVERSIGHT AND APPROVAL) TO ASSURE THAT SUPPORT IS EXPENDED FOR EDUCATIONAL AND CHARITABLE PURPOSES IN ACCORDANCE WITH SECTION 170 (C)(2)(B) OF THE INTERNAL REVENUE CODE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART IV, SECTION A, LINE 4B
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SCHEDULE A, PART IV, SECTION A, LINE 4C
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt02
IRS990ScheduleA/SupportedOrganizationsTotalCnt02
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0043348440
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1653136058
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd11
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd12
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0HULT INTERNATIONAL BUSINESS SCHOOL INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1HULT INTERNATIONAL BUSINESS SCHOOL LTD
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt055193633
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02729130
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM SIGNIFICANT PARTIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01698712
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SIGNIFICANT PARTIES
IRS990ScheduleD/OtherRevenueAmt0-100915
IRS990ScheduleD/RevenueNotReportedAmt0-100915
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt055294548
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EXCHANGE RATE LOSSES -100,915.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02729130
IRS990ScheduleD/TotalExpensesPerForm990Amt055193633
IRS990ScheduleD/TotalLiabilityAmt01698712
IRS990ScheduleD/TotalRevenuePerForm990Amt055294548
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt055193633
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt055193633
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt021992971
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0ENROLLMENT AND MARKETING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROVIDE VARIOUS SUPPORT SERVICES TO HULT INTERNATIONAL BUSINESS SCHOOL, LTD.
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt021992971
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt021992971
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0NICLAS MIORNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1JAMES SINTROS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2REBECCA QUINTAVALLE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3CHRISTOPHER AHLBERG
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm4MARTIN ASP
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm5CLAES ALDEN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0MR. MIORNER WAS THE TREASURER OF HULT EDUC. SERVICES, INC. THROUGH 1/2018.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1MR. SINTROS IS A BOARD MEMBER (DIRECTOR) OF HULT EDUCATIONAL SERVICES, INC.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2MS. QUINTAVALLE IS A BOARD MEMBER (DIRECTOR) OF HULT EDUC. SERVICES, INC.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3MR. AHLBERG IS THE PRESIDENT OF THE BOARD OF DIRECTORS OF HULT ED. SVCS.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4MR. ASP IS THE TREASURER OF HULT EDUCATIONAL SERVICES, INC. (BEG. 2/2018).
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt5MR. ALDEN IS THE CLERK OF HULT EDUCATIONAL SERVICES, INC. (BEG. 2/2018).
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd20
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd30
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd40
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd50
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MR. MIORNER WAS THE CLERK OF HULT INTERNATIONAL BUSINESS SCHOOL, INC., A RELATED ORGANIZATION THROUGH 1/2018.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1MR. SINTROS IS A MEMBER OF THE BOARD OF DIRECTORS OF HULT INTERNATIONAL BUSINESS SCHOOL, INC., A RELATED ORGANIZATION.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2MS. QUINTAVALLE IS A MEMBER OF THE BOARD OF DIRECTORS OF HULT INTERNATIONAL BUSINESS SCHOOL, INC., A RELATED ORGANIZATION.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3MR. AHLBERG IS A MEMBER OF THE BOARD OF DIRECTORS OF HULT INTERNATIONAL BUSINESS SCHOOL, INC., A RELATED ORGANIZATION.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4MR. ASP IS THE TREASURER OF HULT INTERNATIONAL BUSINESS SCHOOL, INC., A RELATED ORGANIZATION (BEGINNING IN 2/2018).
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc5MR. ALDEN IS THE CLERK OF HULT INTERNATIONAL BUSINESS SCHOOL, INC., A RELATED ORGANIZATION (BEGINNING IN 2/2018).
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES. AS A RESULT, IT DOES NOT FILE A FORM W-3 WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S MEMBERS ARE HULT INTERNATIONAL BUSINESS SCHOOL, INC. AND HULT INTERNATIONAL BUSINESS SCHOOL, LTD. THESE MEMBERS HAVE ALL RIGHTS, POWERS, FUNCTIONS AND RESPONSIBILITIES REQUIRED OR ALLOWED BY THE ARTICLES OF ORGANIZATION AND APPLICABLE LAW. HULT INTERNATIONAL BUSINESS SCHOOL, INC. HAS THE POWER TO ELECT TWO MEMBERS OF THE BOARD OF DIRECTORS AND HULT INTERNATIONAL BUSINESS SCHOOL, LTD. HAS THE POWER TO ELECT ONE MEMBER OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S MEMBERS ARE HULT INTERNATIONAL BUSINESS SCHOOL, INC. AND HULT INTERNATIONAL BUSINESS SCHOOL, LTD. THESE MEMBERS HAVE ALL RIGHTS, POWERS, FUNCTIONS AND RESPONSIBILITIES REQUIRED OR ALLOWED BY THE ARTICLES OF ORGANIZATION AND APPLICABLE LAW. HULT INTERNATIONAL BUSINESS SCHOOL, INC. HAS THE POWER TO ELECT TWO MEMBERS OF THE BOARD OF DIRECTORS AND HULT INTERNATIONAL BUSINESS SCHOOL, LTD. HAS THE POWER TO ELECT ONE MEMBER OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S PRESIDENT, TREASURER AND OTHER MEMBERS OF THE BOARD OF DIRECTORS REVIEW A DRAFT OF THE FORM 990, WHICH IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANTS. ANY RESULTANT COMMENTS AND CHANGES ARE DISCUSSED WITH THE INDEPENDENT ACCOUNTANTS AND IF APPROPRIATE, INCORPORATED INTO THE FINAL VERSION OF THE FORM 990 PRIOR TO ITS FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL DIRECTORS AND OFFICERS ARE PROVIDED WITH COPIES OF THE CONFLICT OF INTEREST POLICY. DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST AT BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC VIA THE WEBSITE OF A REGULATORY AGENCY AND UPON REQUEST. THE ORGANIZTION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES. AS A RESULT, A WHISTLEBLOWER POLICY IS NOT CONSIDERED NECESSARY OR APPLICABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8SOFTWARE LICENSE FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,092,434. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,092,434. PUBLIC RELATIONS ACTIVITIES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,086,236. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,086,236. COMMISSIONS: PROGRAM SERVICE EXPENSES 958,146. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 958,146. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 219,705. MANAGEMENT AND GENERAL EXPENSES 707,469. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 927,174. BOUGHT ADDRESSES: PROGRAM SERVICE EXPENSES 574,404. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 574,404. STAFF RELATED COSTS: PROGRAM SERVICE EXPENSES 291,794. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 291,794. OTHER AGENT COSTS: PROGRAM SERVICE EXPENSES 279,632. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 279,632. SPECIAL CAMPAIGNS: PROGRAM SERVICE EXPENSES 277,129. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 277,129. ONLINE VENDORS: PROGRAM SERVICE EXPENSES 186,882. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 186,882. OTHER COSTS: PROGRAM SERVICE EXPENSES 120,989. MANAGEMENT AND GENERAL EXPENSES 54,724. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 175,713. PHOTOGRAPHER COST: PROGRAM SERVICE EXPENSES 65,563. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 65,563.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9EXCHANGE RATE LOSSES -100,915.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES. THE ORGANIZATION HAS CONTRACTUAL ARRANGEMENTS WITH SEVERAL ENROLLMENT SERVICE PROVIDERS WHOSE EMPLOYEES PROVIDE ENROLLMENT AND MARKETING SERVICES TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11IN CONNECTION WITH FUFILLING ITS PRIMARY MISSION, HULT EDUCATIONAL SERVICES, INC. ("HES") ENTERED INTO VARIOUS CONTRACTUAL AGREEMENTS WITH SIGNIFICANT PARTIES FOR SERVICES IT PROVIDED OR WAS PROVIDED DURING THE YEAR ENDED SEPTEMBER 30, 2018. CONTRACTUAL AGREEMENTS WITH CORPORATE MEMBERS DURING 2018, HES HAD AGREEMENTS WITH HULT INTERNATIONAL BUSINESS SCHOOL, INC. ("HIBS") AND HULT INTERNATIONAL BUSINESS SCHOOL, LTD. ("HULT, LTD.") TO PROVIDE ENROLLMENT, MANAGEMENT, MARKETING, IT AND FINANCIAL SERVICES TO THE SCHOOLS. REVENUE FOR THE YEAR ENDED SEPTEMBER 30, 2018 TOTALED $55,294,548. A BREAKDOWN OF THE REVENUE EARNED FOR THE YEAR ENDED SEPTEMBER 30, 2018 IS AS FOLLOWS: HULT INTERNATIONAL BUSINESS SCHOOL, INC.- $33,301,577 HULT INTERNATIONAL BUSINESS SCHOOL, LTD.- $21,992,971 ADDITIONALLY, HIBS BILLED HES $14,837,181 FOR THE YEAR ENDED SEPTEMBER 30, 2018 FOR MARKETING, ENROLLMENT SERVICES AND OTHER COSTS UNDER A CONTRACTUAL AGREEMENT. AT SEPTEMBER 30, 2018, HIBS AND HULT, LTD. (COMBINED) OWED HES $2,686,609 RELATED TO THESE SERVICES, WHICH IS INCLUDED IN OTHER ASSETS ON THE STATEMENT OF FINANCIAL POSITION. OTHER CONTRACTUAL AGREEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2018: STUDENT ENROLLMENT SERVICES HULT INVESTMENTS FZ-LLC (UNITED ARAB EMIRATES) - $1,255,440 EF LANGUAGE COLLEGES, LTD. (SWITZERLAND) - $3,349,528 HULT RECRUITMENT SERVICES GMBH (SWITZERLAND) - $3,062,574 HULT RECRUITING SERVICES, LTD. (UNITED KINGDOM) - $5,265,450 HULT INTERNATIONAL BUSINESS SCHOOL, LTD. (HONG KONG) - $2,931,499 HULT BUSINESS CONSULTING SERVICES PRIVATE, LTD. (INDIA) - $1,511,853 MANAGEMENT SERVICES HULT SUPPORT SERVICES, LTD. (UNITED KINGDOM) - $9,971,788 HULT SUPPORT SERVICES, LTD. IS A FOR-PROFIT ENTITY OWNED BY HULT INTERNATIONAL BUSINESS SCHOOL, INC. THE MAJORITY OF OTHER LIABILITIES AND OTHER ASSETS ARE DUE TO/FROM THE ABOVE ENTITIES THAT HES HAD CONTRACTED WITH AS OF SEPTEMBER 30, 2018.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V, LINE 2A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, LINE 13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PART VI, LINES 15A AND 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11FORM 990, OTHER RELEVANT INFORMATION AND DISCLOSURES
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0HULT INTERNATIONAL BUSINESS SCHOOL INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/AddressLine1Txt022 CHELSEA MANOR STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CityNm0LONDON
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CountryCd0UK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileForeignCountryCd0UK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0PROVIDE VARIOUS SUPPORT SERVICES TO HULT INT. BUSINESS SCHOOL, INC.
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0HULT SUPPORT SERVICES LTD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HULT INTERNATIONAL BUSINESS SCHOOL INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1HULT INTERNATIONAL BUSINESS SCHOOL LTD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0043348440
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/AddressLine1Txt037-38 JOHN STREET WC1N2AT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/CityNm0LONDON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/CountryCd0UK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileForeignCountryCd0UK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0INTERNATIONAL GRADUATE AND MASTERS EDUCATIONAL PROGRAMS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1INTERNATIONAL GRADUATE AND MASTERS EDUCATIONAL PROGRAMS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0ONE EDUCATION STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CAMBRIDGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002141
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt033301577
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt121992971
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt29971788

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