Form 990 for tax year 2024
Filed by HARVARD BUSINESS SCHOOL CLUB OF NEW YORK INC.
Totals
- Total revenue
- $1,359,753
- Total expenses
- $1,295,817
- Contributions and grants received
- $1,152,256
- Grants paid
- $155,000
- Program service revenue
- $91,019
- Investment income
- $116,478
- Other revenue
- $0
- Total assets, end of year
- $2,810,587
- Total liabilities, end of year
- $162,078
- Net assets or fund balances, end of year
- $2,648,509
- Program services expenses (Part IX)
- $920,130
- Management and general expenses
- $325,691
- Fundraising expenses
- $49,996
- Program service expenses (Part III)
- $920,130
Program services were 71.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$88,621
-
1c · Fundraising events
$1,013,634
-
1f · All other contributions, gifts and grants
$50,001
-
2a · Program service revenue: EVENTS AND SEMINARS
total $91,019 · related or exempt $91,019
-
3 · Investment income
total $116,478 · excluded $116,478
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$393,057
-
8a · Fundraising events: contributions included on line 1c
$1,013,634
-
8b · Fundraising events: direct expenses
$393,057
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $155,000 · program services $155,000
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $174,284 · program services $125,484 · management and general $48,800
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $359,153 · program services $258,590 · management and general $100,563
-
8 · Pension plan contributions
total $17,844 · program services $12,848 · management and general $4,996
-
9 · Other employee benefits
total $95,035 · program services $68,425 · management and general $26,610
-
10 · Payroll taxes
total $43,390 · program services $31,241 · management and general $12,149
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $16,145 · program services $6,130 · management and general $6,634 · fundraising $3,381
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $104,197 · program services $39,565 · management and general $42,813 · fundraising $21,819
-
12 · Advertising and promotion
total $584 · management and general $584
-
13 · Office expenses
total $8,025 · program services $828 · management and general $7,197
-
14 · Information technology
total $26,669 · program services $19,202 · management and general $7,467
-
15 · Royalties
total $0
-
16 · Occupancy
total $40,389 · program services $29,080 · management and general $11,309
-
17 · Travel
total $36,511 · management and general $36,511
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $16,187 · management and general $16,187
-
24a · Other expenses: VENUE RENTAL
total $173,737 · program services $173,737
-
24b · Other expenses: INDIRECT LEADERSHIP EXP
total $24,796 · fundraising $24,796
-
24c · Other expenses: OTHER EXPENSES
total $3,871 · management and general $3,871
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $40,662 · end of year $74,357
-
2 · Savings and temporary cash investments
beginning of year $143,064 · end of year $148,511
-
3 · Pledges and grants receivable
beginning of year $91,051 · end of year $84,300
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $3,455 · end of year $69,792
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $2,441,683 · end of year $2,433,627
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $59,622 · end of year $62,979
-
19 · Deferred revenue
beginning of year $75,720 · end of year $99,099
-
27 · Net assets without donor restrictions
beginning of year $2,584,573 · end of year $2,648,509
Mission and programs · 2024
Mission
THE MISSION OF THE HBS CLUB OF NEW YORK IS TO MAKE A DIFFERENCE AND TO SUPPORT HARVARD BUSINESS SCHOOL BY ENGAGING ALUMNI, IMPACTING COMMUNITY, FOSTERING LEADERSHIP AND LIFELONG LEARNING.
-
HBSC OF NEW YORK OFFERS A WIDE VARIETY OF ACTIVITIES FOR THE PROFESSIONAL AND PERSONAL ENRICHMENT OF MEMBERS AND THE HBS ALUMNI. EVENTS INCLUDE FINANCE, LIFESTYLE AND MARKETING, MEDIA, ART, SOCIAL ENTERPRISE & NONPROFIT SECTOR, CAREER/ PROFESSIONAL DEVELOPMENT, HBS PROFESSORS, SOCIAL AND SERVICE THE NEW YORK COMMUNITY.
Expenses $780,130 · Grants $15,000 · Revenue $91,019
-
CONTRIBUTIONS TO HARVARD BUSINESS SCHOOL.
Expenses $140,000 · Grants $140,000
As filed on the 2024 return.
Listed in Part VII
-
Maureen A Friar
Chief of Staff
- Total calculated
- $180,991
- From this org
- $174,284
- From related orgs
- $0
- Other
- $6,707
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,574
- Bonus
- $15,710
- Other
- not reported
- Deferred
- $6,707
- Nontaxable benefits
- not reported
- Filer's total
- $180,991
-
Calvin Mew PMD
President
- Total calculated
- $0
- Hours/week
- 2
-
Deborah Farrington MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Clare Peeters MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jacqueline Adams MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Katherine Bahamonde Monasebian
Director
- Total calculated
- $0
- Hours/week
- 2
-
Todd Benson MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Dan Biederman MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Kal Bittianda MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Tamara Bowens MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Pamela Chan MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Andrew Cheskis MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Hemali Dassani MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Elisabeth Hair DeMarse MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Marjorie Federbush AMP
Director
- Total calculated
- $0
- Hours/week
- 2
-
Joel Glasky MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Sejal Shah Gulati MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Leonard Harlan MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Joanna Stone Herman MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Leslie Himmel MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Richard Kane MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Zameer Kassam MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Atul Khanna MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Anand Kini MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Bruce Marcus MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Depelsha McGruder MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Chris Marinak MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Howard Morgan MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jessica Luterman Naeve MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Edward Olebe MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Kenneth Powell MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Dianna Raedle MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Lowell Robinson MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Dionis Rodriguez MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Paul Stamas MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Lance Stuart MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Mark Tatum MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Robert Tichio MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Amy Vecchione MBA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Laila Worrell MBA
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$140,000
SCHOLARSHIP
-
KRIDA AI INC
$10,000
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 7 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513119349300931
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