Harvard Student Agencies Inc
- Assets
- $11.2m
- Revenue
- $2.6m
- Investments
- $53.8k
- Employees
- 403
- Location
- Cambridge, MA
- Founding
- 10/1959
- Data as of
- 01/2023
- EIN
- 04-2230366
Organization Overview
Harvard Student Agencies Inc is located in Cambridge, MA. The organization was established in 1959. As of 01/2024, Harvard Student Agencies Inc employed 403 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvard Student Agencies Inc 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 01/2023, Harvard Student Agencies Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $2.2m during the year ending 01/2023. While expenses have increased by 2.9% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT BUSINESS ENTERPRISES FOR THE BENEFIT OF STUDENTS OF HARVARD UNIVERSITY WHO ARE IN NEED OF FINANCIAL ASSISTANCE TO DEFRAY THE EXPENSES OF THEIR EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTSDISTRIBUTION SERVICES AGENCY: REVENUE 61,499 EXPENSES 29,106CLEANERS AGENCY: REVENUE 983,479, EXPENSES 814,147HSA STUDIO 67 (FKA MARKETING AGENCY): REVENUE 21,210, EXPENSES 13,670HSA CENTER FOR ENTERPRISE AGENCY: REVENUE 0, EXPENSES 268TUTORING AGENCY: REVENUE 363,431, EXPENSES 290,760ACADEMY AGENCY: REVENUE 1,313,800, EXPENSES 698,393DEVELOPMENT AGENCY: REVENUE 0, EXPENSES 3,376CAMPUS INSIGHTS: REVENUE 51,950, EXPENSES 204,481TOTALS: REVENUE 2,795,369, EXPENSES 2,054,201
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aiden Chen Vice President | OfficerTrustee | 10 | $638 |
Todd Brisky General Mgr/ceo | OfficerTrustee | 40 | $23,937 |
George Christodoulo Director | Trustee | 0.5 | $0 |
Patrick Chung Director | Trustee | 0.5 | $0 |
Scott Randall Director | Trustee | 0.5 | $0 |
Michael Cronin Director | Trustee | 0.5 | $0 |
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 | $21,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,000 |
| Total Program Service Revenue | $2,505,660 |
| Investment income | $22,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$125,355 |
| Net Gain/Loss on Asset Sales | -$35,017 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,583,060 |
| 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. | $136,869 |
| Compensation of current officers, directors, key employees. | $136,869 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $802,863 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $654 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $570 |
| Fees for services: Accounting | $1,631 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $102,822 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,075 |
| Travel | $2,359 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,044 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,124 |
| Insurance | $7,688 |
| All other expenses | $175,314 |
| Total functional expenses | $2,208,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,623 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,172,364 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $373,842 |
| Net Land, buildings, and equipment | $3,106,641 |
| Investments—publicly traded securities | $1,206,886 |
| Investments—other securities | $53,805 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,184,161 |
| Accounts payable and accrued expenses | $362,109 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $480,827 |
| Total liabilities | $842,936 |
| Net assets without donor restrictions | $10,159,058 |
| Net assets with donor restrictions | $182,167 |
| 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 | $11,184,161 |