HARVARD BUSINESS SCHOOL PUBLISHING CORPORATION

EIN: 043177990 501(c)(3) Arts, Culture & Humanities

BRIGHTON, MA

Total Revenue
$318,965,400
Total Expenses
$323,019,114
Total Assets
$190,632,828
Net Assets
$48,040,943
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
MA
Principal Officer
PAUL BILLS
Phone
6177837426
Tax Period
2022-07-01 to 2023-06-30

HARVARD BUSINESS SCHOOL PUBLISHING CORPORATION, founded in 1993, is a major nonprofit in the Arts, Culture & Humanities sector that reported $319.0M in total revenue in fiscal year 2022.

Mission

HARVARD BUSINESS SCHOOL PUBLISHING CORPORATION'S ("HBSP") PRIMARY EXEMPT PURPOSE IS TO SUPPORT THE EDUCATIONAL MISSION AND FACULTY RESEARCH OF HARVARD BUSINESS SCHOOL, THEREBY EXTENDING ITS REACH THROUGH PUBLISHING ACTIVITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $296,708,773
Investment Income $2,759,856
Other Revenue $19,496,771
TOTAL REVENUE $318,965,400

Expense Breakdown

Grants Paid $0
Salaries & Benefits $101,394,042
Fundraising Expenses $0
Program Expenses $305,735,635
Other Expenses $221,625,072
TOTAL EXPENSES $323,019,114

Year-over-Year Comparison

2022 2021 Change
Revenue $318,965,400 $307,657,781 +0.0%
Expenses $323,019,114 $302,020,475 +0.1%
Net Income $-4,053,714 $5,637,306 -1.7%
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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
6
Employees
566
Volunteers
N/A

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
3
$1,255,906
Total Directors
16
$5,208,107
Key Employees
5
$2,758,704
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSHUA MACHT FORMER CEO 45.0
$1,297,546 $43,609 $1,341,155
SURAJ SRINIVASAN DIRECTOR 2.0
Director
$0 $39,545 $809,238
DAS NARAYANDAS CHAIRMAN OF THE BOARD 5.0
Director
$9,000 $72,758 $749,042
ALAN IGNATIUS EVP & EDITOR IN CHIEF 45.0
Key Emp
$587,564 $65,629 $653,193
DOUGLAS BEIMLER VP, GLOBAL SALES 45.0
Highest
$569,579 $57,845 $627,424
LUIS M VICEIRA DIRECTOR 2.0
Director
$0 $73,174 $626,679
TSEDAL B NEELEY DIRECTOR 2.0
Director
$0 $66,790 $622,979
ANGELA Q CRISPI DIRECTOR 2.0
Director
$0 $67,676 $603,019
IAN FANTON EVP, CORPORATE LEARNING 45.0
Key Emp
$533,921 $64,616 $598,537
SARAH MCCONVILLE ULICNY EVP,HBR GROUP PUBLISHER 45.0
Key Emp
$521,384 $66,157 $587,541
STEPHANIE GOLDKLANG SR STRAT REL MGR 45.0
Highest
$553,857 $24,228 $578,085
BENJAMIN ESTY AUDIT COMMITTEE CHAIR 2.0
Director
$0 $68,781 $546,480
AMY BERNSTEIN VP, EXEC EDITORIAL DIR 45.0
Highest
$465,614 $64,516 $530,130
GREGORY A KARRIP SR STRAT REL MGR 45.0
Highest
$485,754 $37,809 $523,563
CECILIA C FRICANO SR STRAT REL MGR 45.0
Highest
$482,128 $29,135 $511,263
PAUL BILLS SR. VICE PRESIDENT, CFO 45.0
Officer
$430,839 $63,906 $494,745
ELLEN M DESMARAIS COO, EVP HE 45.0
Key Emp
$426,769 $63,341 $490,110
RAFFEALLA SADUN DIRECTOR 2.0
Director
$0 $67,318 $489,355
JASON MCNAMARA SVP, CHIEF INFORMATION OFFICER 45.0
Key Emp
$370,730 $58,593 $429,323
MARK C ELLIOTT DIRECTOR 2.0
Director
$0 $65,591 $422,480
ANGELA CHENG-CIMINI SR VP/CLERK 45.0
Officer
$363,439 $58,887 $422,326
LAILA WORRELL CEO 45.0
Officer Director
$287,192 $51,643 $338,835
DAVID A WAN DIRECTOR 2.0
Director
$0 $0 $0
WILLIAM T KERR DIRECTOR 2.0
Director
$0 $0 $0
LARRY KRAMER COMPENSATION COMMITTEE CHAIR 2.0
Director
$0 $0 $0
BIRGER MAGNUS DIRECTOR 2.0
Director
$0 $0 $0
ANNE DWANE DIRECTOR 2.0
Director
$0 $0 $0
IAN LORING DIRECTOR 2.0
Director
$0 $0 $0
DAVID F CAREY DIRECTOR 2.0
Director
$0 $0 $0
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 No data No data No data No data
2024 No data No data No data No data
2023 $318,965,400 $323,019,114 $190,632,828 $-4,053,714
2022 $307,657,781 $302,020,475 $217,066,145 $5,637,306
2021 $278,305,243 $270,364,167 $197,818,423 $7,941,076
2020 $268,764,352 $262,332,580 $190,172,454 $6,431,772
2019 $265,840,730 $261,930,167 $162,334,688 $3,910,563
2018 $246,614,168 $243,227,492 $151,918,475 $3,386,676
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