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Nonprofiteer
← HARVARD INDEPENDENT INC

Form 990 for tax year 2024

Filed by HARVARD INDEPENDENT INC.

Totals

Total revenue
$107,119
Total expenses
$100,460
Contributions and grants received
$68,994
Grants paid
$0
Program service revenue
$10,157
Investment income
$27,968
Other revenue
$0
Total assets, end of year
$793,431
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$793,431
Program services expenses (Part IX)
$75,981
Management and general expenses
$20,949
Fundraising expenses
$3,530
Program service expenses (Part III)
$75,981

Program services were 75.6% 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.

  • 1f · All other contributions, gifts and grants

    $68,994

  • 2a · Program service revenue: Miscellaneous

    total $10,157 · related or exempt $10,157

  • 3 · Investment income

    total $27,968 · related or exempt $27,968

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $9,579 · management and general $9,579

  • 12 · Advertising and promotion

    total $139 · program services $139

  • 13 · Office expenses

    total $5,008 · program services $2,008 · fundraising $3,000

  • 14 · Information technology

    total $2,744 · program services $2,744

  • 16 · Occupancy

    total $45,402 · program services $45,402

  • 19 · Conferences, conventions and meetings

    total $2,463 · program services $2,463

  • 23 · Insurance

    total $268 · program services $268

  • 24a · Other expenses: Bank and CC Fees

    total $530 · fundraising $530

  • 24b · Other expenses: Tax and License

    total $70 · management and general $70

  • 24c · Other expenses: Printing Cost

    total $22,957 · program services $22,957

  • 24d · Other expenses: Shipping

    total $11,300 · management and general $11,300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $81,696 · end of year $59,197

  • 2 · Savings and temporary cash investments

    beginning of year $49,160 · end of year $51,603

  • 11 · Investments: publicly traded securities

    beginning of year $598,180 · end of year $674,878

  • 15 · Other assets

    beginning of year $7,753 · end of year $7,753

  • 27 · Net assets without donor restrictions

    beginning of year $736,789 · end of year $793,431

Mission and programs · 2024

Mission

A student run weekly magazine free to Harvard students.

  • The Harvard Independent, Inc. Published several issues consisting of hundreds of articles, all student written, student edited, and student published, delivered to the entire Harvard University community free of charge.

    Expenses $75,981 · Revenue $10,157

As filed on the 2024 return.

Listed in Part VII

  • Mark Pelofsky

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Will Reckler

    President

    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.

Provenance

Return type
form_990
Tax year
2024
Filed
6 May 2025
IRS schema version
2024v5.1
Source object
202501329349307300

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