Harbus News Corporation in Boston, Massachusetts (MA)
| Harbus News Corporation |
| Employer Identification Number (EIN) | 042731196 |
| Name of Organization | Harbus News Corporation |
| In Care of Name | Gallatin Hall Harvard Business Sc |
| Address | Harvard Business School Gallatin Ha, Boston, MA 02163 |
| Activities | Publishing activities |
| Subsection | Educational Organization |
| Ruling Date | 06/1981 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $76,759 |
| Amount of Income | $142,403 |
| Form 990 Revenue Amount | $75,564 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: |
Amount of income in 2013: $142,403 (it was $102,417 in 2012)
| Harbus News Corporation: | $142,403 |
| Other organizations performing similar types of work: | $342,086 |
Assets in 2013: $76,759 (it was $123,275 in 2012)
| Harbus News Corporation: | $76,759 |
| Other organizations performing similar types of work: | $1,028,940 |
Expenses in 2013: $68,652
| This organization: | $68,652 |
| Other organizations performing similar types of work: | $256,686 |
Income to expenses ratio in 2013: 2.1
| Harbus News Corporation: | 2.1 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 5.9%
| This organization: | 5.9% |
| Other organizations performing similar types of work: | 14.3% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances |
| 2011 | 2012 | 2013 |
|---|
| Total revenue | $117,051 | $102,417 | $75,564 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $4,470 |
| Program service revenue including government fees and contracts | $116,275 | $101,921 | $71,094 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $776 | $496 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $108,752 | $113,792 | $68,652 |
| Total net assets | $131,421 | $115,618 | $126,730 |
| Excess/Deficit for the year | $8,299 | $-11,374 | $6,912 |
| Net assets or fund balances at beginning of year | $123,122 | $122,563 | $119,818 |
| Other changes in net assets or fund balances | $0 | $4,429 | $0 |
| Net assets or fund balances at end of year | | $124,476 | $126,730 |
| Balance Sheets |
| 2011 | 2012 | 2013 |
|---|
| Total assets | $135,944 | $123,275 | $129,194 |
| Total liabilities | $4,523 | $7,657 | $2,464 |
| Net assets or fund balances | $131,421 | $115,618 | $126,730 |
| Reason for Public Charity Status (for 2013) |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) |
| 2009 - 2013 Total |
|---|
| Public support | $859,597 |
| Subtotal | $859,597 |
| Gifts, grants, contributions, and membership fees received | $2,233 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $857,364 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $859,597 |
| Public support | $859,597 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work |
| Id | Name | Address | State | Established | Total Income |
|---|
| 1 | William And Mary Business School Foundation | PO BOX 2220, Williamsburg, VA 23187-2220 | VA | 1970-11 | $17,578,278 |
| 2 | Harvard Business School Club Of New York Inc | 350 5th Ave Ste 4811, New York, NY 10118-4811 | NY | 1964-07 | $1,184,267 |
| 3 | Harvard Business School Assoc Of Southern California, Wells Fargo Tr | 633 W 5th St Ste 3100, Los Angeles, CA 90071-2005 | CA | 1973-02 | $342,086 |
| 4 | Weber State University, Eccles Foundation 026040 | PO BOX 53456, Phoenix, AZ 85072-3456 | AZ | 1974-01 | $310,450 |
| 5 | Harvard Business School Association Of Boston | 1072 Brook Rd, Milton, MA 02186-4103 | MA | 1964-11 | $275,311 |
| 6 | Harbus News Corporation | Harvard Business School Gallatin Ha, Boston, MA 02163 | MA | 1981-06 | $142,403 |
| 7 | Foundation For The School Of Business Of Indiana | 1275 E 10th St, Bloomington, IN 47405-1703 | IN | 1965-02 | $0 |
| Number of organizations performing similar types of work |
| Arizona | 1 |
| California | 1 |
| Indiana | 1 |
| | Massachusetts | 2 |
| New York | 1 |
| Virginia | 1 |
|
| Total | 7 |
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