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Nonprofiteer
← HARVARD REAL ESTATE INC

Form 990 for tax year 2022

Filed by HARVARD REAL ESTATE INC.

Totals

Total revenue
$0
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$0

Listed in Part VII

  • JUSTIN D STRATMAN

    VICE PRESIDENT & DIRECTOR

    Total calculated
    $262,121
    From this org
    $0
    From related orgs
    $208,340
    Other
    $53,781
    Hours/week
    1 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,181 related
    Bonus
    $0 + $4,000 related
    Other
    $0 + $159 related
    Deferred
    $0 + $25,456 related
    Nontaxable benefits
    $0 + $28,325 related
    Filer's total
    $0 + $262,121 related

  • KATHERINE N LAPP

    PRESIDENT, ASST. TREAS., & DIRECTOR UNTIL 08/05/22

    Total calculated
    $2,394,548
    From this org
    $0
    From related orgs
    $2,347,789
    Other
    $46,759
    Hours/week
    1 + 63 related

    Schedule J breakdown matched by us

    Base
    $0 + $631,704 related
    Bonus
    $0 + $45,000 related
    Other
    $0 + $1,671,085 related
    Deferred
    $0 + $38,400 related
    Nontaxable benefits
    $0 + $8,359 related
    Filer's total
    $0 + $2,394,548 related

  • MEREDITH WEENICK

    PRESIDENT, ASST. TREAS., & DIRECTOR AS OF 08/06/22

    Total calculated
    $675,202
    From this org
    $0
    From related orgs
    $625,257
    Other
    $49,945
    Hours/week
    0.5 + 64.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $579,052 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $21,205 related
    Deferred
    $0 + $38,400 related
    Nontaxable benefits
    $0 + $11,545 related
    Filer's total
    $0 + $675,202 related

  • SEAN CARON

    SENIOR VP, ASST. TREASURER & DIRECTOR AS OF 01/03/23

    Total calculated
    $354,766
    From this org
    $0
    From related orgs
    $287,486
    Other
    $67,280
    Hours/week
    1 + 61.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $281,369 related
    Bonus
    $0 + $6,000 related
    Other
    $0 + $117 related
    Deferred
    $0 + $37,539 related
    Nontaxable benefits
    $0 + $29,741 related
    Filer's total
    $0 + $354,766 related

  • AUDREY K WANG

    CLERK

    Total calculated
    $369,318
    From this org
    $0
    From related orgs
    $328,744
    Other
    $40,574
    Hours/week
    0.5 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $289,593 related
    Bonus
    $0 + $18,100 related
    Other
    $0 + $21,051 related
    Deferred
    $0 + $38,400 related
    Nontaxable benefits
    $0 + $2,174 related
    Filer's total
    $0 + $369,318 related

  • PAUL MASSARO

    TREASURER & ASSISTANT CLERK

    Total calculated
    $373,272
    From this org
    $0
    From related orgs
    $303,551
    Other
    $69,721
    Hours/week
    1 + 62 related

    Schedule J breakdown matched by us

    Base
    $0 + $277,424 related
    Bonus
    $0 + $4,000 related
    Other
    $0 + $22,127 related
    Deferred
    $0 + $38,400 related
    Nontaxable benefits
    $0 + $31,321 related
    Filer's total
    $0 + $373,272 related

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 — 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

  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment
KATHERINE LAPP, AN OFFICER, RECEIVED A PAYMENT OF $1,650,000 FROM PRESIDENT AND FELLOWS OF HARVARD COLLEGE ("HAVARD UNIVERSITY"), A RELATED ORGANIZATION, PURSUANT TO AN EMPLOYMENT AGREEMENT WHERE UNDER CERTAIN CONDITIONS SHE WOULD RECEIVE ADDITIONAL COMPENSATION UPON HER CONCLUSION FROM SERVICE. THIS PAYMENT IS REPORTED IN PART II, COLUMN B(III).
Schedule J, Part I LINES 1A, 1B, 2 AND 3
HARVARD REAL ESTATE, INC. DOES NOT COMPENSATE ITS OFFICERS AND DIRECTORS, NOR DID IT PROVIDE ITS OFFICERS AND DIRECTORS WITH ANY OF THE ITEMS LISTED IN LINE 1A.
Schedule J, Part I, Line 3 COMPENSATION REVIEW PROCESS
DIRECTORS AND OFFICERS ARE NOT COMPENSATED IN THEIR CAPACITY AS DIRECTORS AND OFFICERS OF HARVARD REAL ESTATE, INC. ALL COMPENSATION IS PAID BY HARVARD UNIVERSITY FOR WORK PERFORMED FOR THE UNIVERSITY.

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349310354

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