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Nonprofiteer
← HARVARD MAGAZINE INCORPORATED

Form 990 for tax year 2023

Filed by HARVARD MAGAZINE INCORPORATED.

Totals

Total revenue
$4,028,660
Total expenses
$4,583,781
Contributions and grants received
$2,737,065
Grants paid
$0
Program service revenue
$1,234,034
Investment income
$5,198
Other revenue
$52,363
Total assets, end of year
$1,571,833
Total liabilities, end of year
$169,151
Net assets or fund balances, end of year
$1,402,682
Program services expenses (Part IX)
$3,406,709
Management and general expenses
$727,513
Fundraising expenses
$449,559
Program service expenses (Part III)
$3,406,709

Program services were 74.3% 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.

  • 1d · Related organizations

    $1,976,000

  • 1f · All other contributions, gifts and grants

    $761,065

  • 2a · Program service revenue: ADVERTISING

    total $954,906 · unrelated business $954,906

  • 2b · Program service revenue: UNIVERSITY COPIES

    total $258,895 · related or exempt $258,895

  • 2c · Program service revenue: SUBSCRIPTIONS

    total $20,233 · related or exempt $20,233

  • 3 · Investment income

    total $7,658 · excluded $7,658

  • 7a · Gross sales of assets other than inventory

    securities $42,521 · other assets $1,200

  • 7b · Less cost or other basis and sales expenses

    securities $46,181

  • 7c · Gain or loss

    securities -$3,660 · other assets $1,200

  • 7d · Net gain or loss

    total -$2,460 · excluded -$2,460

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $52,363 · related or exempt $52,363

  • 11e · Other revenue, total

    $52,363

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $348,999 · program services $214,823 · management and general $134,176

  • 7 · Other salaries and wages

    total $1,391,120 · program services $1,076,417 · management and general $160,776 · fundraising $153,927

  • 9 · Other employee benefits

    total $693,537 · program services $506,763 · management and general $122,060 · fundraising $64,714

  • 11c · Fees: accounting

    total $20,715 · management and general $20,715

  • 16 · Occupancy

    total $158,266 · management and general $158,266

  • 17 · Travel

    total $3,702 · program services $3,702

  • 19 · Conferences, conventions and meetings

    total $271 · program services $271

  • 23 · Insurance

    total $8,656 · management and general $8,656

  • 24a · Other expenses: POSTAGE

    total $804,875 · program services $669,752 · management and general $21,727 · fundraising $113,396

  • 24b · Other expenses: PRINTING/PUBLISHING/DUPLI

    total $796,150 · program services $796,150

  • 24c · Other expenses: SUPPLIES

    total $55,450 · program services $4,575 · management and general $4,218 · fundraising $46,657

  • 24d · Other expenses: OTHER SERVICES

    total $43,897 · management and general $43,897

  • 24e · All other expenses

    total $258,143 · program services $134,256 · management and general $53,022 · fundraising $70,865

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $423 · end of year $222

  • 4 · Accounts receivable

    beginning of year $30,323 · end of year $36,103

  • 8 · Inventories for sale or use

    beginning of year $269,322 · end of year $209,896

  • 9 · Prepaid expenses and deferred charges

    beginning of year $261,202 · end of year $213,320

  • 10a · Land, buildings and equipment: cost or other basis

    $36,559

  • 10b · Land, buildings and equipment: accumulated depreciation

    $36,559

  • 11 · Investments: publicly traded securities

    beginning of year $586,373 · end of year $717,008

  • 15 · Other assets

    beginning of year $864,606 · end of year $395,284

  • 17 · Accounts payable and accrued expenses

    beginning of year $52,892 · end of year $58,474

  • 19 · Deferred revenue

    beginning of year $126,991 · end of year $110,677

  • 27 · Net assets without donor restrictions

    beginning of year $1,819,216 · end of year $1,389,532

  • 28 · Net assets with donor restrictions

    beginning of year $13,150 · end of year $13,150

Mission and programs · 2023

Mission

PUBLICATION OF ALUMNI MAGAZINE

  • PROVIDE MAGAZINE TO 270,000 HARVARD UNIVERSITY ALUMNI AND EMPLOYEES.

    Expenses $3,406,709

As filed on the 2023 return.

Listed in Part VII

  • WILLIAM C KIRBY

    PRESIDENT

    Total calculated
    $716,286
    From this org
    $0
    From related orgs
    $643,607
    Other
    $72,679
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $449,650 related
    Bonus
    not reported
    Other
    not reported + $193,957 related
    Deferred
    not reported + $41,490 related
    Nontaxable benefits
    not reported + $31,189 related
    Filer's total
    not reported + $716,286 related

  • WILLIAM MAKRIS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • SARAH C KARMON

    DIRECTOR

    Total calculated
    $394,088
    From this org
    $0
    From related orgs
    $325,243
    Other
    $68,845
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $325,030 related
    Bonus
    not reported
    Other
    not reported + $213 related
    Deferred
    not reported + $41,496 related
    Nontaxable benefits
    not reported + $27,349 related
    Filer's total
    not reported + $394,088 related

  • SEWELL CHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID WAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • YOUNGME MOON

    SECRETARY

    Total calculated
    $542,775
    From this org
    $0
    From related orgs
    $472,129
    Other
    $70,646
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $422,944 related
    Bonus
    not reported
    Other
    not reported + $49,185 related
    Deferred
    not reported + $41,490 related
    Nontaxable benefits
    not reported + $29,156 related
    Filer's total
    not reported + $542,775 related

  • ANN M BLAIR

    TREASURER

    Total calculated
    $365,597
    From this org
    $0
    From related orgs
    $292,751
    Other
    $72,846
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $269,522 related
    Bonus
    not reported
    Other
    not reported + $23,229 related
    Deferred
    not reported + $37,057 related
    Nontaxable benefits
    not reported + $35,789 related
    Filer's total
    not reported + $365,597 related

  • SAMUEL KUNES

    DIRECTOR

    Total calculated
    $216,029
    From this org
    $0
    From related orgs
    $166,071
    Other
    $49,958
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $162,141 related
    Bonus
    not reported
    Other
    not reported + $3,930 related
    Deferred
    not reported + $18,270 related
    Nontaxable benefits
    not reported + $31,688 related
    Filer's total
    not reported + $216,029 related

  • SUSAN MORRIS NOVICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FELICIA CARTER

    FUNDRAISING/

    Total calculated
    $140,521
    From this org
    $116,385
    From related orgs
    $0
    Other
    $24,136
    Hours/week
    35

  • ROBERT FITTA

    DIRECTOR ADV

    Total calculated
    $150,067
    From this org
    $109,045
    From related orgs
    $0
    Other
    $41,022
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $71,678
    Bonus
    not reported
    Other
    $37,367
    Deferred
    $11,977
    Nontaxable benefits
    $29,045
    Filer's total
    $150,067

  • IRINA KUKSIN

    PUBLISHER

    Total calculated
    $147,142
    From this org
    $125,026
    From related orgs
    $0
    Other
    $22,116
    Hours/week
    35

  • JOHN ROSENBERG

    EDITOR

    Total calculated
    $280,286
    From this org
    $226,905
    From related orgs
    $0
    Other
    $53,381
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $216,324
    Bonus
    $10,000
    Other
    $581
    Deferred
    $27,463
    Nontaxable benefits
    $25,918
    Filer's total
    $280,286

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

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
2023
Filed
4 November 2024
IRS schema version
2023v6.0
Source object
202511299349300806

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