HARVARD BUSINESS SCHOOL ASSOCIATION OF BOSTON Charity Report

Tax-exempt status may be revoked

HARVARD BUSINESS SCHOOL ASSOCIATION OF BOSTON

EIN 04-6114711 · Education (B51I)

What they do

THE HARVARD BUSINESS SCHOOL ASSOCIATION of BOSTON is A NON PROFIT ORGANIZATION FORMED IN 1923 AS AN ALUMNI ASSOCIATION. THE ASSOCIATION is DEDICATED to COOPERATING WITH and PROMOTING THE INTERESTS of THE HARVARD BUSINESS SCHOOL and ITS ALUMNI.

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders35 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

91.05%of revenue went to mission work79.2% of expenses · Program services

$114.93spent for every $100 of revenueSpending was higher than revenue this year.

23.88%of revenue went to management and office costs20.8% of expenses

$1.14in assets for every $1 spent this yearSome assets cannot be spent right away.

17.8%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $44,711 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $81,716 for JASON SCHRANK (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$299,535

Mission workProgram services$272,71691.05% of revenue79.2% of expenses

ManagementOffice and general costs$71,53023.88% of revenue20.8% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$344,246114.93% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Money in and money out

Revenue$299,535

Expenses$344,246

Annual shortfall $44,711 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$272,716 · 79.2% of expenses

Management and office costs$71,530 · 20.8% of expenses

See all reported dollar amounts

Revenue$299,535

Expenses$344,246

Assets$391,912

Income$299,535

Contributions$53,310

Mission work (program services)$272,716

Management and general$71,530

Accounting fees$12,383

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JASON SCHRANKEXECUTIVE DIRECTOR · 40 hrs/week $81,716

KATHY LEEXECUTIVE DIRECTOR, CAP · 20 hrs/week $62,500

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (35)

JASON SCHRANKEXECUTIVE DIRECTOR

KATHY LEEXECUTIVE DIRECTOR, CAP

MICHELE NORMANCAP CO-CHAIR

KEON HOLMESCO-VICE PRESIDENT OF EVENTS

LIONEL FRAYNOMINATING COMMITTEE CHAIR

LIZ VANZURAVICE PRESIDENT OF MARKETING

LUCINDA LINDEGOVERNOR

MARK MORLEYGOVERNOR

MATT HAGANVICE PRESIDENT OF ANGELS

MEENAKSHI SHARMAGOVERNOR

JOYCE GREENBURGGOVERNOR

PASI MIETTINENVICE PRESIDENT , AUDIT

PAUL BAIERGOVERNOR

RADHA BENNETVICE PRESIDENT OF MEMBERSHIP

RICH LANGEGOVERNOR

RUMENA MANOLOVA SENCHAKGOVERNOR

TAZ HUSSEINVICE PRESIDENT OF ALUMNI FORUMS

VIKRAM SIWACHGOVERNOR

VINAY DEVADANAMHBS ALUMNI CLUBS DIRECTOR

AL GORDONVICE PRESIDENT OF ALUMNI DISCUSSION

JOHN WILLIAMSCO-PRESIDENT

JOHN REICHENBACHCO-PRESIDENT

JENNIFER VOSSCLERK

JEFFREY LUCASTREASURER

JAMES CUNNINGHAMGOVERNOR

GONZALO MUNOZ SANZGOVERNOR

GITA SWAMYGOVERNOR

GAUTAM RAMCHANDANIVICE PRESIDENT OF SOCIAL ENTERPRISE

DUNCAN MCCALLUMCAP CO-CHAIR

DR GREG LEYAGOVERNOR

DR ELVIRA LANGGOVERNOR

DEMITRIOUSE RUSSELGOVERNOR

CHRISTINE PARKERVICE PRESIDENT OF PARTNERSHIPS

ANDY KNOTTVICE PRESIDENT OF ENTREPENUERSHIP

ANDREW RODRIGUEZGOVERNOR

About this charity

Recognized since: January 2025
Location: 139A CHARLES ST 392, BOSTON, MA 02114-3252
County: Middlesex
In care of: % ROBERT KASAMEYER
Primary officer: MARK MORLEY, VICE PRESIDENT, FINANCE

How to reach them

WebsiteVisit the charity’s website Phone(833) 464-2722

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: LITMANGERSON ASSOCIATES LLP
NTEE classification: Education (B51I)
Revocation date: November 15, 2022