HULT INTERNATIONAL BUSINESS SCHOOL INC

EIN: 043348440 501(c)(3) Education

CAMBRIDGE, MA

Total Revenue
$217,685,844
Total Expenses
$215,062,354
Total Assets
$118,087,489
Net Assets
$20,295,540
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MA
Principal Officer
MARCUS FRIBERG
Phone
6177461990
Tax Period
2024-08-01 to 2025-07-31

HULT INTERNATIONAL BUSINESS SCHOOL INC, founded in 1996, is a major nonprofit in the Education sector that reported $217.7M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

HULT INTERNATIONAL BUSINESS SCHOOL IS A GLOBAL INSTITUTION THAT TRANSFORMS LIVES BY PROVIDING AN EXCEPTIONALLY VALUABLE AND ENDURING EDUCATION THAT BRINGS TOGETHER PEOPLE, CULTURES AND IDEAS FROM ALL AROUND THE WORLD. THE SCHOOL ENCOURAGES PERSONAL GROWTH, INTELLECTUAL INTEGRITY, GLOBAL SENSITIVITY, LOCAL ENGAGEMENT, AND CIVIC VALUES, SO THAT STUDENTS ARE ABLE TO FLOURISH IN THE GLOBAL ECONOMY AND ARE EMPOWERED TO CONTRIBUTE MEANINGFULLY TO THEIR BUSINESS AND COMMUNITY.

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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 $1,689,453
Program Service Revenue $214,183,943
Investment Income $1,812,448
Other Revenue $0
TOTAL REVENUE $217,685,844

Expense Breakdown

Grants Paid $64,806,582
Salaries & Benefits $29,170,416
Fundraising Expenses $0
Program Expenses $192,790,282
Other Expenses $121,085,356
TOTAL EXPENSES $215,062,354

Year-over-Year Comparison

2024 2023 Change
Revenue $217,685,844 $193,212,427 +0.1%
Expenses $215,062,354 $190,208,579 +0.1%
Net Income $2,623,490 $3,003,848 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
8
Employees
488
Volunteers
9

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
$806,634
Total Directors
9
$312,940
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT LILLEY PRESIDENT/DIRECTOR 2.00
Officer Director
$0 $312,940 $312,940
JOAKIM BANESTIG TREASURER 2.00
Officer
$0 $273,823 $273,823
MARCUS FRIBERG CLERK / VP OF FINANCE 40.00
Officer
$207,495 $12,376 $219,871
NICHOLAS BARBER DIRECTOR 2.00
Director
$0 $0 $0
ASA RANGNE BLENDOW DIRECTOR 2.00
Director
$0 $0 $0
DR CRAIG BURNS DIRECTOR 2.00
Director
$0 $0 $0
PHILIP HULT DIRECTOR 2.00
Director
$0 $0 $0
CHRISTOPHER JEDREY DIRECTOR 2.00
Director
$0 $0 $0
REBECCA QUINTAVALLE DIRECTOR 2.00
Director
$0 $0 $0
CHRISTER SERENHOV DIRECTOR 2.00
Director
$0 $0 $0
JAMES SINTROS ESQ DIRECTOR 2.00
Director
$0 $0 $0
MANPREET DHILLON PROVOST & EXECUTIVE VICE PRESIDENT 40.00
Highest
$398,937 $7,653 $406,590
MATTHEW FISHER FACULTY 40.00
Highest
$317,228 $19,822 $337,050
STEPHEN WYNN EXECUTIVE DIRECTOR OF RECRUITMENT 40.00
Highest
$296,442 $28,923 $325,365
FREDERIC CHARTIER DEAN- POST GRAD 40.00
Highest
$295,683 $14,821 $310,504
BUM CHAN AHN FACULTY 40.00
Highest
$275,913 $23,220 $299,133
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 $217,685,844 $215,062,354 $118,087,489 $2,623,490
2024 $193,212,427 $190,208,579 $116,539,427 $3,003,848
2023 $191,323,514 $200,171,496 $135,263,308 $-8,847,982
2022 $179,137,520 $181,717,123 $109,525,506 $-2,579,603
2020 $158,890,683 $143,274,325 $97,882,861 $15,616,358
2019 $120,824,712 $129,246,846 $94,821,929 $-8,422,134
2018 $99,151,816 $96,319,781 $69,321,507 $2,832,035
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