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Nonprofiteer
← HARVARD LAMPOON TRUST UNDER DECLARATION OF TRUST

Form 990 for tax year 2022

Filed by HARVARD LAMPOON TRUST UNDER DECLARATION OF TRUST.

Totals

Total revenue
$482,869
Total expenses
$988,875
Contributions and grants received
$290,363
Grants paid
$0
Program service revenue
$0
Investment income
$146,315
Other revenue
$46,191
Total assets, end of year
$8,542,769
Total liabilities, end of year
$2,015,506
Net assets or fund balances, end of year
$6,527,263
Program services expenses (Part IX)
$790,811
Management and general expenses
$96,647
Fundraising expenses
$101,417
Program service expenses (Part III)
$790,811

Program services were 80.0% 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.

  • 1c · Fundraising events

    $16,000

  • 1d · Related organizations

    $63,000

  • 1f · All other contributions, gifts and grants

    $211,363

  • 3 · Investment income

    total $194,310 · excluded $194,310

  • 5 · Royalties

    total $2,793 · related or exempt $2,793

  • 7a · Gross sales of assets other than inventory

    securities $277,960

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

    securities $325,955

  • 7c · Gain or loss

    securities -$47,995

  • 7d · Net gain or loss

    total -$47,995 · excluded -$47,995

  • 8a · Fundraising events: gross income

    $42,025

  • 8a · Fundraising events: contributions included on line 1c

    $16,000

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $42,025 · excluded $42,025

  • 11a · Other revenue: OTHER INCOME

    total $1,373 · related or exempt $1,373

  • 11e · Other revenue, total

    $1,373

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $86,654 · program services $36,395 · management and general $33,795 · fundraising $16,464

  • 13 · Office expenses

    total $16,360 · program services $242 · management and general -$334 · fundraising $16,452

  • 16 · Occupancy

    total $101,368 · program services $99,207 · fundraising $2,161

  • 22 · Depreciation, depletion and amortization

    total $297,168 · program services $297,168

  • 23 · Insurance

    total $31,193 · program services $23,706 · management and general $5,303 · fundraising $2,184

  • 24a · Other expenses: ADMINISTRATION

    total $199,523 · program services $138,970 · management and general $55,053 · fundraising $5,500

  • 24b · Other expenses: MARKETING AND SOCIAL EV

    total $172,887 · program services $116,781 · fundraising $56,106

  • 24c · Other expenses: LAMPOON OPERATIONAL

    total $73,147 · program services $73,147

  • 24d · Other expenses: DATABASE

    total $4,081 · program services $2,041 · fundraising $2,040

  • 24e · All other expenses

    total $6,494 · program services $3,154 · management and general $2,830 · fundraising $510

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $437,965 · end of year $786,131

  • 3 · Pledges and grants receivable

    beginning of year $813,178 · end of year $540,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,081 · end of year $9,244

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

    $6,584,034

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

    $2,729,806

  • 10c · Land, buildings and equipment, net

    beginning of year $2,893,864 · end of year $3,854,228

  • 11 · Investments: publicly traded securities

    beginning of year $4,522,424 · end of year $3,353,166

  • 17 · Accounts payable and accrued expenses

    beginning of year $267,973 · end of year $115,606

  • 23 · Secured mortgages and notes payable

    beginning of year $499,900 · end of year $1,899,900

  • 27 · Net assets without donor restrictions

    beginning of year $6,716,423 · end of year $6,381,216

  • 28 · Net assets with donor restrictions

    beginning of year $1,192,216 · end of year $146,047

Mission and programs · 2022

Mission

OWNS PROPERTY USED BY, AND PROVIDES SUPPORT TO, THE HARVARD LAMPOON, INC.

Activities or mission (Part I)

OWNS PROPERTY USED BY AND PROVIDES SUPPORT TO THE HARVARD LAMPOON INC.

  • FURTHER THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE PRESIDENT AND FELLOWS OF HARVARD COLLEGE BY HOLDING AND MAINTAINING CERTAIN PROPERTY FOR THE USE AND BENEFIT OF THE HARVARD LAMPOON, INC. (THE CORPORATION), A HARVARD STUDENT ORGANIZATION INCORPORATED UNDER THE PROVISIONS OF CHAPTER 180 OF THE GENERAL LAWS OF THE COMMONWEALTH OF MASSACHUSETTS, BY AND OTHERWISE ASSISTING THE CORPORATION, AND BY OTHER PERMITTED ACTIONS.

    Expenses $790,811

As filed on the 2022 return.

Listed in Part VII

  • Robert M Neer

    TREASURER

    Total calculated
    $0
    Hours/week
    20

  • Sara Slavin

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • David H Mandel

    CHAIR

    Total calculated
    $0
    Hours/week
    20

  • Gideon Nachman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michael Firestone

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kurt B Andersen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Maiya Verrone

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Shana Silveri

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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.

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
19 December 2023
IRS schema version
2022v5.0
Source object
202400239349300420

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