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:

Non-representatives - add comments:

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%

Financial snapshot ($)

Revenue for 2013

Support schedule

	2011	2012	2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances
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

	2011	2012	2013
Balance Sheets
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

	2011	2012	2013
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?		No	No
Were any significant changes made to the organizing or governing documents?		No	No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities	No	No	No
Has the organization filed a Form 990-T for the year?		No	No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?		No	No
Amount of political expenditures, direct or indirect		$0	$0
Did the organization file Form 1120-POL for this year?		No	No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?		No	No
Total amount involved		$0	$0
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?		No	No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?		No	No

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

	2009 - 2013 Total
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
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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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
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

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