Overview
What is Harvard Management Company Inc?
Harvard Management Company Inc is a nonprofit organization based in Boston, Massachusetts, founded to support the educational objectives of Harvard College. The organization, which employs 133 people, provides investment research, advice, counsel, and management to Harvard University and affiliated organizations that further the educational purposes of Harvard College. The President and Fellows of Harvard College finance the expenses of Harvard Management Company Inc through payments, enabling it to effectively manage investments for the benefit of the institution.
Official website here: www.hmc.harvard.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
Harvard Management Company Inc has received a Three-Star rating from Charity Navigator, reflecting a solid score of 77%. This rating is solely based on Accountability & Finance metrics, indicating a strong focus on financial transparency and governance. Key strengths include a fully independent board and robust financial oversight mechanisms, which show a commitment to ethical management.
The organization has demonstrated excellence in several areas, specifically in having a majority of independent board members, effective conflict of interest and whistleblower policies, and the public availability of board meeting minutes. Additionally, the program expense ratio is notably high at 94.01%, suggesting that a significant portion of its resources is directed towards its mission-related activities.
However, a notable limitation is the liabilities to assets ratio, which scored 0 out of 15. This suggests potential concerns regarding financial stability or management of debt relative to assets. Overall, while the organization shows strong accountability practices, addressing its financial health could enhance its overall standing.
This AI summary has been generated from information found on Charity Navigator.
Is Harvard Management Company Inc legitimate?
Harvard Management Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harvard Management Company Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $23,953,284
Professional Fundraising Fees: $0
Other Salaries and Wages: $75,101,017
For more financial information, click here
Official website here: www.hmc.harvard.edu
What is the mission statement of Harvard Management Company Inc?
Harvard Management Company Inc is dedicated to providing investment management services to Harvard University. Established to support the educational objectives of Harvard College, a renowned non-profit educational institution, the company offers investment research, advice, counsel, and management. These services are extended to organizations affiliated with or related to Harvard College, provided they contribute to the institution's educational mission. Harvard Management Company Inc receives funding from Harvard College to cover the expenses associated with its exempt purpose.
Official website here: www.hmc.harvard.edu
Who is the CEO of Harvard Management Company Inc?
Unavailable The CEO's salary of Harvard Management Company Inc is $8,749,717 and their total compensation is $10,477,815.
Official website here: www.hmc.harvard.edu
What is the revenue of Harvard Management Company Inc?
Harvard Management Company Inc's revenue in 2022 was $147,214,674.
Official website here: www.hmc.harvard.edu
Who are the executives of Harvard Management Company Inc and what are their salaries?
The average compensation at Harvard Management Company Inc during 2022 was $744,769. There are 133 employees at Harvard Management Company Inc.
Here are 21 key members and their salaries (Harvard Management Company Inc's CEO's salary is $8,749,717 and their total compensation is $10,477,815):
- Compensation: $8,749,717
- Related: $0
- Other: $1,728,098
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $538,725
- Other: $62,208
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,048,985
- Other: $281,215
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $544,795
- Other: $69,139
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $2,452,214
- Related: $0
- Other: $44,560
- Compensation: $5,521,785
- Related: $0
- Other: $63,765
- Compensation: $7,001,504
- Related: $0
- Other: $1,395,403
- Compensation: $5,446,099
- Related: $0
- Other: $63,561
- Compensation: $6,124,853
- Related: $0
- Other: $63,567
- Compensation: $6,677,587
- Related: $0
- Other: $1,004,680
- Compensation: $6,447,604
- Related: $0
- Other: $963,645
- Compensation: $4,957,410
- Related: $0
- Other: $63,567
- Compensation: $2,111,535
- Related: $0
- Other: $66,515
Official website here: www.hmc.harvard.edu
Where can I find the form 990 for Harvard Management Company Inc?
Harvard Management Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hmc.harvard.edu
Learn more at the official website: www.hmc.harvard.edu
Mission Statement of Harvard Management Company Inc
Harvard Management Company Inc, a prominent organization, is dedicated to supporting Harvard University's educational mission by offering investment management services. Established with the intention of furthering the educational objectives of President and Fellows of Harvard College, this nonprofit institution specializes in investment research, advice, counsel, and management. These efforts are geared towards the benefit of President and Fellows of Harvard College and affiliated organizations, provided that their purposes align with Harvard's educational goals. The President and Fellows of Harvard College finance Harvard Management Company Inc's operations through payments made to the organization.
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Impact
October, 2024
Harvard Management Company Inc plays a crucial role in supporting the financial health and sustainability of Harvard University. By providing expert investment management services, the company ensures that the university's endowment is effectively managed, which directly impacts funding for educational programs, research initiatives, and student services.
Through its investment strategies, Harvard Management Company not only seeks to maximize returns on the university's assets but also facilitates the long-term growth necessary for continued academic excellence. By aligning investment goals with the university's educational mission, HMC helps secure resources that support scholarships, faculty positions, and facilities, thereby fostering a vibrant academic environment.
Moreover, as a steward of Harvard's financial resources, HMC's decisions influence broader trends in the investment community, promoting responsible investing practices that can have lasting effects on the educational landscape. Ultimately, its impact extends beyond immediate financial stewardship to shaping the future of education through sustained institutional growth and investment in academic pursuits.
This information is meant to be a general summary of Harvard Management Company Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $147,214,674
- Gross Receipts: $147,214,674
Assets and Liabilities:
- Total Assets: $127,984,443
- Total Liabilities: $127,984,443
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PAYMENTS FROM AFFILIATES
Revenue
$147,214,674
Organization Details
Founding Year
1974
Phone
(617) 720-6682Main Address
600 Atlantic Avenue, Boston, MA, 022102203
Website
www.hmc.harvard.eduNTEE Category
Code: B020 - Education
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