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Nonprofiteer
← STUDENT CLUBS OF HBS INC

Form 990 for tax year 2022

Filed by STUDENT CLUBS OF HBS INC.

Totals

Total revenue
$3,597,555
Total expenses
$3,806,893
Contributions and grants received
$256,234
Grants paid
$0
Program service revenue
$3,340,131
Investment income
$1,190
Other revenue
$0
Total assets, end of year
$2,496,200
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,496,200
Program services expenses (Part IX)
$3,806,893
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$3,806,893

Program services were 100.0% 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

    $179,578

  • 1f · All other contributions, gifts and grants

    $76,656

  • 2a · Program service revenue

    total $3,340,131 · related or exempt $3,340,131

  • 3 · Investment income

    total $1,190

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 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 $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $86,126 · program services $86,126

  • 14 · Information technology

    total $9,264 · program services $9,264

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $660,693 · program services $660,693

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $2,938,047 · program services $2,938,047

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24e · All other expenses

    total $112,763 · program services $112,763

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,261,321 · end of year $2,092,397

  • 2 · Savings and temporary cash investments

    beginning of year $444,217 · end of year $403,803

  • 27 · Net assets without donor restrictions

    beginning of year $2,705,538 · end of year $2,496,200

Mission and programs · 2022

Mission

To advance the charitable objectives of Harvard Business School, a constituent part of President Fellows of Harvard College by promoting, coordinating, and operating Student club activities and services at HBS

  • Conference and Events

    Expenses $3,116,441 · Revenue $2,862,608

  • Business and Industry Learning Experience

    Expenses $690,452 · Revenue $477,523

As filed on the 2022 return.

Listed in Part VII

  • Richard P Melnick

    Treasurer/Director

    Total calculated
    $490,095
    From this org
    $0
    From related orgs
    $420,828
    Other
    $69,267
    Hours/week
    5 + 55 related

    Schedule J breakdown matched by us

    Base
    not reported + $339,692 related
    Bonus
    not reported + $60,000 related
    Other
    not reported + $21,136 related
    Deferred
    not reported + $38,719 related
    Nontaxable benefits
    not reported + $30,548 related
    Filer's total
    not reported + $490,095 related

  • Barbara Siegfriedt

    President/Director

    Total calculated
    $271,658
    From this org
    $0
    From related orgs
    $217,452
    Other
    $54,206
    Hours/week
    5 + 55 related

    Schedule J breakdown matched by us

    Base
    not reported + $203,577 related
    Bonus
    not reported + $8,000 related
    Other
    not reported + $5,875 related
    Deferred
    not reported + $26,704 related
    Nontaxable benefits
    not reported + $27,502 related
    Filer's total
    not reported + $271,658 related

  • Eileen Sullivan

    Asst Treasurer/Director

    Total calculated
    $246,861
    From this org
    $0
    From related orgs
    $193,194
    Other
    $53,667
    Hours/week
    5 + 55 related

    Schedule J breakdown matched by us

    Base
    not reported + $164,282 related
    Bonus
    not reported + $7,965 related
    Other
    not reported + $20,947 related
    Deferred
    not reported + $23,330 related
    Nontaxable benefits
    not reported + $30,337 related
    Filer's total
    not reported + $246,861 related

  • Justine Lynch

    Clerk/Director

    Total calculated
    $100,217
    From this org
    $0
    From related orgs
    $89,880
    Other
    $10,337
    Hours/week
    5 + 55 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, 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

The filer's explanations (Part III)

Part I Line 3
Directors and Officers are not compensated in their capacity as Directors and Officers of the Student Clubs of HBS, Inc. All compensation is paid by Harvard University for work performed by 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
14 May 2024
IRS schema version
2022v5.0
Source object
202431359349304848

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