Harvard Magazine Incorporated
- Assets
- $2.1m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 10/1938
- Data as of
- 06/2022
- EIN
- 04-6112308
Organization Overview
Harvard Magazine Incorporated is located in Cambridge, MA. The organization was established in 1938. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvard Magazine Incorporated 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 06/2022, Harvard Magazine Incorporated generated $4.2m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $4.1m during the year ending 06/2022. While expenses have increased by 0.4% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PUBLICATION OF ALUMNI MAGAZINE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MAGAZINE TO 240,000 HARVARD UNIVERSITY ALUMNI AND EMPLOYEES.
PROVIDE MAGAZINE TO 240,000 HARVARD UNIVERSITY ALUMNI AND EMPLOYEES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William C Kirby President | OfficerTrustee | 1 | $0 |
William Makris Director | Trustee | 1 | $0 |
Philip W Lovejoy Director | Trustee | 1 | $0 |
Peter K Bol Treasurer | OfficerTrustee | 1 | $0 |
David Wan Director | Trustee | 1 | $0 |
John P Reardon Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,900,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $925,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,825,300 |
| Total Program Service Revenue | $1,263,652 |
| Investment income | $41,446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $53,731 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,204,037 |
| 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. | $374,183 |
| Compensation of current officers, directors, key employees. | $180,817 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,249,209 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $706,513 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,865 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $148,479 |
| Travel | $1,184 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $190 |
| Insurance | $6,680 |
| All other expenses | $197,017 |
| Total functional expenses | $4,141,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $749 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,506 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $248,115 |
| Prepaid expenses and deferred charges | $164,482 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $509,779 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,196,440 |
| Total assets | $2,144,071 |
| Accounts payable and accrued expenses | $44,393 |
| Grants payable | $0 |
| Deferred revenue | $116,092 |
| 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 | $0 |
| Total liabilities | $160,485 |
| Net assets without donor restrictions | $1,970,436 |
| Net assets with donor restrictions | $13,150 |
| 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 | $2,144,071 |