Form 990 for tax year 2023
Filed by HARVARD LAMPOON TRUST UNDER DECLARATION OF TRUST.
Totals
- Total revenue
- $1,374,378
- Total expenses
- $1,191,696
- Contributions and grants received
- $974,472
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $394,793
- Other revenue
- $5,113
- Total assets, end of year
- $9,209,660
- Total liabilities, end of year
- $2,182,155
- Net assets or fund balances, end of year
- $7,027,505
- Program services expenses (Part IX)
- $1,022,539
- Management and general expenses
- $91,727
- Fundraising expenses
- $77,430
- Program service expenses (Part III)
- $1,022,539
Program services were 85.8% 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
$276,218
-
1f · All other contributions, gifts and grants
$698,254
-
3 · Investment income
total $177,160 · excluded $177,160
-
5 · Royalties
total $2,844 · related or exempt $2,844
-
7a · Gross sales of assets other than inventory
securities $3,713,389
-
7b · Less cost or other basis and sales expenses
securities $3,495,756
-
7c · Gain or loss
securities $217,633
-
7d · Net gain or loss
total $217,633 · excluded $217,633
-
11a · Other revenue: OTHER INCOME
total $2,269 · related or exempt $2,269
-
11e · Other revenue, total
$2,269
Functional expenses
Part IX, the statement of functional expenses.
-
11g · Fees: other
total $42,054 · program services $17,663 · management and general $16,401 · fundraising $7,990
-
13 · Office expenses
total $6,376 · program services $1,596 · management and general $1,424 · fundraising $3,356
-
16 · Occupancy
total $245,085 · program services $231,471 · fundraising $13,614
-
22 · Depreciation, depletion and amortization
total $357,875 · program services $357,875
-
23 · Insurance
total $36,641 · program services $27,847 · management and general $6,229 · fundraising $2,565
-
24a · Other expenses: ADMINISTRATION
total $266,796 · program services $195,413 · management and general $65,883 · fundraising $5,500
-
24b · Other expenses: MARKETING AND SOCIAL EV
total $169,730 · program services $127,845 · fundraising $41,885
-
24c · Other expenses: LAMPOON OPERATIONAL
total $58,291 · program services $58,291
-
24d · Other expenses: DATABASE
total $3,892 · program services $1,946 · fundraising $1,946
-
24e · All other expenses
total $4,956 · program services $2,592 · management and general $1,790 · fundraising $574
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $786,131 · end of year $1,070,606
-
3 · Pledges and grants receivable
beginning of year $540,000 · end of year $509,751
-
9 · Prepaid expenses and deferred charges
beginning of year $9,244 · end of year $18,927
-
10a · Land, buildings and equipment: cost or other basis
$7,305,498
-
10b · Land, buildings and equipment: accumulated depreciation
$3,087,681
-
10c · Land, buildings and equipment, net
beginning of year $3,854,228 · end of year $4,217,817
-
11 · Investments: publicly traded securities
beginning of year $3,353,166 · end of year $3,392,559
-
17 · Accounts payable and accrued expenses
beginning of year $115,606 · end of year $142,155
-
23 · Secured mortgages and notes payable
beginning of year $1,899,900 · end of year $2,040,000
-
27 · Net assets without donor restrictions
beginning of year $6,381,216 · end of year $6,904,668
-
28 · Net assets with donor restrictions
beginning of year $146,047 · end of year $122,837
Mission and programs · 2023
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 $1,022,539
As filed on the 2023 return.
Listed in Part VII
-
Robert M NeerROBERT M NEER
TREASURER
- Total calculated
- $0
- Hours/week
- 20
-
Sara SlavinSARA SLAVIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
David H MandelDAVID H MANDEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Gideon NachmanGIDEON NACHMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Michael FirestoneMICHAEL FIRESTONE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kurt B AndersenKURT B ANDERSEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Maiya VerroneMAIYA VERRONE
CHAIR
- Total calculated
- $0
- Hours/week
- 20
-
Shana SilveriSHANA SILVERI
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
William DecherdWILLIAM DECHERD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
John GillespieJOHN GILLESPIE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Andy PforzheimerANDY PFORZHEIMER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
George MeyerGEORGE MEYER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Danny ChurnDANNY CHURN
TRUSTEE
- 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.
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.
-
501C3 · PUBLISHING HARVARD LAMPOON MAGAZINE · MA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413209349319841
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