Harvard Business School African-American Alumni Association

EIN: 873034148 501(c)(3) Education

New York, NY

Total Revenue
$210,334
Total Expenses
$86,975
Total Assets
$177,595
Net Assets
$177,595
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
DE
Principal Officer
George Ellis
Phone
4076179280
Tax Period
2023-01-01 to 2023-12-31

Harvard Business School African-American Alumni Association, founded in 2021, is a small nonprofit in the Education sector that reported $210K in total revenue in fiscal year 2023. The organization ran a surplus of $123K, a strong 59% operating margin.

Mission

(1) Strengthen our members ability to meet their greatest personal, professional and civic goals through life-long learning and well-being. (2) Leverage HBSAAA talent, networks and resources to positively impact a critical mass of businesses ultimately, for the purpose of advancing the broader Black community and the community at large.

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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 (2023)

Revenue Breakdown

Contributions & Grants $209,509
Program Service Revenue $0
Investment Income $825
Other Revenue $0
TOTAL REVENUE $210,334

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $10,000
Program Expenses $75,848
Other Expenses $76,975
TOTAL EXPENSES $86,975

Year-over-Year Comparison

2023 2022 Change
Revenue $210,334 N/A N/A
Expenses $86,975 N/A N/A
Net Income $123,359 $0 N/A
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
12

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
0
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
George Ellis Chair 7.50
Director
$0 $0 $0
Karen Stanley Director 7.50
Director
$0 $0 $0
Nina Henderson Director 7.50
Director
$0 $0 $0
Beverly Anderson Director 0.50
Director
$0 $0 $0
Michele Chambliss Director 0.50
Director
$0 $0 $0
Khary Cuffle Director 0.50
Director
$0 $0 $0
Jamal Eason Director 0.50
Director
$0 $0 $0
Walter Frye Director 0.50
Director
$0 $0 $0
Lynn Wood Harwell Director 0.50
Director
$0 $0 $0
Shari Hubert Director 0.50
Director
$0 $0 $0
Gail Morales Director 0.50
Director
$0 $0 $0
Kenneth Powell Director 0.50
Director
$0 $0 $0
Christopher Williams Director 0.50
Director
$0 $0 $0
Linwood Ladell Robbins Treasurer 7.50
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
2024 No data No data No data No data
2023 $210,334 $86,975 $177,595 $123,359
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