Harvard Business School Publishing Corporation
- Assets
- $197.8m
- Revenue
- $278.3m
- Investments
- $0.0
- Employees
- 479
- Location
- Brighton, MA
- Founding
- 12/1993
- Data as of
- 06/2021
- EIN
- 04-3177990
Organization Overview
Harvard Business School Publishing Corporation is located in Brighton, MA. The organization was established in 1993. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Harvard Business School Publishing Corporation employed 479 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvard Business School Publishing Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Harvard Business School Publishing Corporation generated $278.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $270.4m during the year ending 06/2021. While expenses have increased by 3.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
SEE SCHEDULE O MANAGEMENT EDUCATION TO INDIVIDUAL MANAGERS
SEE SCHEDULE O MANAGEMENT EDUCATION IN SUPPORT OF HIGHER EDUCATION
SEE SCHEDULE O MANAGEMENT EDUCATION TO CORPORATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Wan President/ceo | OfficerTrustee | 45 | $1,172,692 |
Joshua Macht Svp, Chief Product And Inn Off | Officer | 45 | $734,230 |
Alan Ignatius Editor In Chief | Officer | 45 | $651,326 |
Robin L Camara Sr Vp/clerk | Officer | 45 | $531,488 |
Ian Fanton Svp, Corporate Learning | Officer | 45 | $530,049 |
Sarah Mcconville Ulicny Svp, Hbr Group Publisher | Officer | 45 | $518,324 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Knft Temporary Help | 6/29/21 | $2,056,213 |
Doucette Associates Inc It Temporary Help | 6/29/21 | $675,808 |
Beacon Hill Staffing Group Llc Temporary Help | 6/29/21 | $2,002,985 |
Unosquare Llc Employment Agency | 6/29/21 | $2,006,451 |
Qa Infotech Software Services Pvt L Temporary Help | 6/29/21 | $699,642 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $261,240,677 |
| Investment income | $12,656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $17,051,910 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $278,305,243 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,786,276 |
| Compensation of current officers, directors, key employees. | $1,113,857 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,548,021 |
| Pension plan accruals and contributions | $5,023,935 |
| Other employee benefits | $7,113,003 |
| Payroll taxes | $4,364,495 |
| Fees for services: Management | $74,948 |
| Fees for services: Legal | $59,851 |
| Fees for services: Accounting | $507,572 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,197,702 |
| Advertising and promotion | $6,434,109 |
| Office expenses | $5,425,922 |
| Information technology | $8,552,497 |
| Royalties | $15,683,976 |
| Occupancy | $4,477,356 |
| Travel | $184,420 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,981 |
| Interest | $0 |
| Payments to affiliates | $66,088,849 |
| Depreciation, depletion, and amortization | $3,119,349 |
| Insurance | $0 |
| All other expenses | $12,103,785 |
| Total functional expenses | $270,364,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $95,222,511 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,234,826 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,808,826 |
| Prepaid expenses and deferred charges | $6,986,951 |
| Net Land, buildings, and equipment | $14,021,772 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,924 |
| Intangible assets | $0 |
| Other assets | $28,538,613 |
| Total assets | $197,818,423 |
| Accounts payable and accrued expenses | $45,185,126 |
| Grants payable | $0 |
| Deferred revenue | $66,562,258 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,613,516 |
| Total liabilities | $151,360,900 |
| Net assets without donor restrictions | $46,457,523 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $197,818,423 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harvard Business School Publishing Corporation Brighton, MA | $197,818,423 | $278,305,243 |
First Look Media Works Inc New York, NY | $8,923,263 | $13,712,748 |
Technology Review Inc Cambridge, MA | $6,822,000 | $19,424,000 |
Project Veritas Mamaroneck, NY | $11,883,753 | $22,034,786 |
Journal Of Bone And Joint Surgery Inc Needham, MA | $35,717,891 | $10,120,492 |
Machon Mashe Rockeach Inc Brooklyn, NY | $2,473,215 | $8,597,419 |
Harpers Magazine Foundation New York, NY | $1,648,663 | $7,386,851 |
Retro Report Inc Mystic, CT | $1,128,827 | $6,590,447 |
The New Press Inc New York, NY | $10,475,881 | $7,017,448 |
National Braille Press Inc Boston, MA | $10,542,006 | $5,176,920 |
Medical Letter Inc New Rochelle, NY | $4,157,236 | $5,090,906 |
Harvard Magazine Incorporated Cambridge, MA | $2,271,377 | $3,610,627 |