THE HASTY PUDDING - INSTITUTE OF 1770 INC

EIN: 041425590 501(c)(3) Arts, Culture & Humanities

CAMBRIDGE, MA

Total Revenue
$1,662,360
Total Expenses
$1,725,825
Total Assets
$3,075,045
Net Assets
$2,209,091
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1934
Legal Domicile
MA
Principal Officer
MARK SZPAK
Phone
6174955205
Tax Period
2024-07-01 to 2025-06-30

THE HASTY PUDDING - INSTITUTE OF 1770 INC, founded in 1934, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE AND ENCOURAGE GREATER INVOLVEMENT IN EDUCATION, CULTURAL AND ACADEMIC ACTIVITIES BY STUDENTS IN HARVARD COLLEGE AND THE GRADUATE SCHOOLS OF HARVARD UNIVERSITY, AND MORE PARTICULARLY TO CREATE EXPANDED INTEREST AND OPPORTUNITY IN THE PERFORMING AND CREATIVE ARTS.

Program Service Accomplishments

Program 1
Expenses: $724,995 Revenue: $0

THE INSTITUTE SUPPORTS PROGRAMS THAT FOSTER THE ARTS AND ENCOURAGES THEIR GROWTH.

Program 2
Expenses: $389,126 Revenue: $217,441

THEATRICALS CONDUCTS AN ANNUAL BURLESQUE MUSICAL AND HOLDS PERFORMANCES IN CAMBRIDGE, NEW YORK CITY AND BERMUDA. THE HASTY PUDDING - INSTITUTE OF 1770 PRESENTS ANNUAL STUDENT WRITTEN AND COMPOSED...

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THEATRICALS CONDUCTS AN ANNUAL BURLESQUE MUSICAL AND HOLDS PERFORMANCES IN CAMBRIDGE, NEW YORK CITY AND BERMUDA. THE HASTY PUDDING - INSTITUTE OF 1770 PRESENTS ANNUAL STUDENT WRITTEN AND COMPOSED PRODUCTIONS. THEATRICALS SUPPORTS ITS ACTIVITIES THROUGH TICKET & CONCESSION SALES AND SPONSORSHIPS. DURING THE FISCAL YEAR ENDED JUNE 30, 2025, THE ORGANIZATION PERFORMED A SHOW TITLED "101 DAMNATIONS". IT ALSO HOLDS THE MAN AND WOMAN OF THE YEAR EVENTS.

Program 3
Expenses: $315,127 Revenue: $560,122

THE HASTY PUDDING CLUB PROVIDES MEETING AND SOCIAL SPACE FOR MORE THAN 240 HARVARD UNDERGRADUATES WHO HAVE AN INTEREST IN THE ACTIVITIES TRADITIONALLY ASSOCIATED WITH THE ORGANIZATION, RANGING FROM...

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THE HASTY PUDDING CLUB PROVIDES MEETING AND SOCIAL SPACE FOR MORE THAN 240 HARVARD UNDERGRADUATES WHO HAVE AN INTEREST IN THE ACTIVITIES TRADITIONALLY ASSOCIATED WITH THE ORGANIZATION, RANGING FROM THE MUSICAL TO ACAPPELLA SINGING GROUPS SUCH AS THE HARVARD KROKODILOES OR IN ARTS RELATED COMMUNITY SERVICE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $736,953
Program Service Revenue $777,563
Investment Income $147,844
Other Revenue $0
TOTAL REVENUE $1,662,360

Expense Breakdown

Grants Paid $50,000
Salaries & Benefits $295,942
Fundraising Expenses $67,255
Program Expenses $1,429,248
Other Expenses $1,379,883
TOTAL EXPENSES $1,725,825

Year-over-Year Comparison

2024 2023 Change
Revenue $1,662,360 $1,296,585 +0.3%
Expenses $1,725,825 $1,560,218 +0.1%
Net Income $-63,465 $-263,633 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Governance

Voting Members
3
Independent Members
3
Employees
3
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW L FARKAS CHAIRMAN/DIRECTOR 5.00
Officer Director
$0 $0 $0
ANDREA OLSHAN PRESIDENT/DIRECTOR 5.00
Officer Director
$0 $0 $0
LENA DEMASHKIEH TREASURER/DIRECTOR 5.00
Officer Director
$0 $0 $0
MARK SZPAK CLERK 5.00
Officer
$0 $0 $0
BRITT MORGAN-SAKS VICE PRESIDENT 5.00
Officer
$0 $0 $0
PAMELA MCCUTCHEON STEWARD 40.00
Highest
$157,061 $38,615 $195,676
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,662,360 $1,725,825 $3,075,045 $-63,465
2024 $1,296,585 $1,560,218 $3,455,259 $-263,633
2023 $1,629,388 $1,558,998 $3,936,727 $70,390
2022 $1,207,313 $1,307,087 $2,369,148 $-99,774
2021 $473,481 $732,549 $2,707,091 $-259,068
2020 $956,153 $1,278,695 $2,276,676 $-322,542
2019 $1,701,999 $1,864,643 $2,663,329 $-162,644
2018 $1,705,618 $1,529,053 $2,754,302 $176,565
2018 $1,705,618 $1,497,853 $2,785,502 $207,765
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