Harvard Business School Assoc Of Southern California
- Assets
- $2.8m
- Revenue
- $98.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Manhattan Beach, CA
- Founding
- 02/1973
- Data as of
- 07/2022
- EIN
- 23-7050137
Organization Overview
Harvard Business School Assoc Of Southern California is located in Manhattan Beach, CA. The organization was established in 1973. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvard Business School Assoc Of Southern California 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 07/2022, Harvard Business School Assoc Of Southern California generated $98.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $339.9k during the year ending 07/2022. 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
MAKE GRANTS AND STEWARD ASSETS FOR BENEFIT OF HARVARD BUSINESS SCHOOL SCHOLARSHIPS FOR STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURPOSE OF ORGANIZATION IS STEWARDSHIP OF ASSETS TO CONTRIBUTE TO HARVARD BUSINESS SCHOOL TO BENEFIT SCHOLARS FROM SOUTHERN CALIFORNIA; PROVIDE FUNDRAISING GUIDANCE TO LOCAL CHAPTER OF HARVARD BUSINESS SCHOOL ALUMNI ORGANIZATION. ANNUALLY, THE TRUSTEES HAVE APPROVED GRANTS TO HARVARD BUSINESS SCHOOL FOR SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Hernandez Trustee | Trustee | 1 | $0 |
Randy Bishop Trustee | Trustee | 1 | $0 |
George G Strong Jr Trustee | Trustee | 1 | $0 |
Shari Bowles Gibbons Trustee & Ch | Trustee | 1 | $0 |
Peter D Tamny Trustee | Trustee | 1 | $0 |
Theo A Kolokotrones Trustee | Trustee | 1 | $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 | $13,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,450 |
| Total Program Service Revenue | $0 |
| Investment income | $41,295 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,828 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $98,573 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $153,950 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,822 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30 |
| Fees for services: Other | $75 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $183,989 |
| Total functional expenses | $339,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,880 |
| Savings and temporary cash investments | $95,959 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,695,439 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,800,278 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $2,800,278 |
| 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 | $2,800,278 |
Grants Awarded
Over the last fiscal year, Harvard Business School Assoc Of Southern California has awarded $156,700 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PRESIDENT & FELLOWS OF HARVARD PURPOSE: SCHOLARSHIPS | $150,000 |
Cambridge, MA PURPOSE: SCHOLARSHIPS | $6,700 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Harvard Business School Assoc Of Southern California has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Pasadena Community Foundation Pasadena, CA PURPOSE: scholarship fund | $5,000 |
Pasadena Community Foundation Pasadena, CA PURPOSE: scholarship fund | $5,000 |
American Endowment Foundation Hudson, OH PURPOSE: PROGRAMS | $5,000 |
Endowment Analysis
| Beg. Balance | $3,041,571 |
| Earnings | -$98,865 |
| Admin Expense | $1,927 |
| Net Contributions | $13,450 |
| Grants | $153,950 |
| Ending Balance | $2,800,279 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catalina Island Museum Avalon, CA | $16,851,950 | $1,856,073 |
World Business Academy Santa Barbara, CA | $8,741,209 | $9,085,888 |
Executive Mba Council Grad School Of Bus Columbia Univ Laguna Hills, CA | $2,432,680 | $995,624 |
California International Business University San Diego, CA | $200,221 | $575,128 |
Harvard Business School Assoc Of Southern California Manhattan Beach, CA | $2,800,278 | $98,573 |