Harvard Management Private Equity Corporation
100% goes to programs Strong reserves Declining revenue
Harvard Management Private Equity Corporation is a 501(c)(3) organization based in Boston, Massachusetts, registered in 1991, with $2,052,158,361 in FY2023 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
600 Atlantic Ave C/o Hmc Inc, Boston, MA, 02210 EIN 04-3070522 Since 1991
Revenue (FY2023)
$2.1B
▲ 1.7% vs prior year
Education median: $200K
Expenses (FY2023)
$13K
Net assets
$49.2B
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Harvard Management Private Equity Corporation: 100% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating46836274 mo reserves · +100% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Harvard Management Private Equity Corporation: 46836274 mo reserves · +100% margin earns a B+ on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Harvard Management Private Equity Corporation: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Harvard Management Private Equity Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Invest funds for the benefit of president and fellows of harvard college, a related 501(c)(3) supported organization.
Contact & location
- Address
- 600 Atlantic Ave C/o Hmc Inc, Boston, MA, 02210
- City
- Boston
- State
- Massachusetts
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.7B (FY2013) to $2.1B (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $209KNet assets $49.2B
Operating margin
100.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$49.2B
Total liabilities
$209K
Net assets
$49.2B
Salaries & benefits
$0
0% of expenses
Board members
3
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,052,158,361▲1.7% | $12,617▼100.0% | $49,244,439,153▲3.2% | $49,244,648,042▲3.2% | 990 |
| 2022 | $2,018,283,474▼28.2% | $467,071,549▲12.3% | $47,734,076,756▼0.5% | $47,734,298,978▼0.5% | 990 |
| 2021 | $2,811,160,094▲14.9% | $416,052,480▲4.3% | $47,991,432,458▼4.8% | $47,991,432,458▼4.9% | 990 |
| 2020 | $2,446,321,053▲2.4% | $399,083,156▲9.4% | $50,428,932,664▲39.8% | $50,439,258,807▲39.8% | 990 |
| 2019 | $2,389,913,822▲65.7% | $364,685,370▲22.4% | $36,082,652,756▲15.5% | $36,084,764,444▲15.5% | 990 |
| 2018 | $1,442,685,738▲150% | $297,858,939▲32.5% | $31,237,907,872▲23.0% | $31,239,454,739▲23.0% | 990 |
| 2017 | $577,729,582▼13.0% | $224,794,430▲20.7% | $25,387,673,240▲44.7% | $25,390,598,310▲44.7% | 990 |
| 2016 | $663,829,637▼19.9% | $186,259,406▲6.2% | $17,547,213,191▲21.9% | $17,548,471,642▲21.9% | 990 |
| 2015 | $828,979,152▼30.2% | $175,400,955▼12.5% | $14,392,400,776▼1.0% | $14,395,654,920▼1.0% | 990 |
| 2014 | $1,187,288,440▼32.1% | $200,502,082▲16.4% | $14,538,914,271▲9.3% | $14,541,006,244▲9.3% | 990 |
| 2013 | $1,748,347,726 | $172,312,751▼2.2% | $13,307,654,290▲13.0% | $13,307,655,346▲12.9% | 990 |
| 2012 | — | $176,218,630▼9.6% | $11,779,134,433▲5.8% | $11,792,283,918▲5.9% | 990 |
| 2011 | — | $194,853,539▲3.9% | $11,136,388,834▼7.9% | $11,136,388,834▼7.9% | 990 |
| 2010 | — | $187,463,596▼91.8% | $12,090,260,851▲8.4% | $12,090,260,851▲8.4% | 990 |
| 2009 | — | $2,272,613,446 | $11,150,867,611 | $11,150,867,611 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kathryn I Murtagh | Director & Secretary | 1 | — |
| Nirmal P Narvekar | Director & President | 1 | — |
| Sanjeev Daga | Director & Treasurer | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| General Atlantic Service Company | Investment Mgmt. | $369,671 |
| Charlesbank Capital Partners LLC | Investment Mgmt. | $349,376 |
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Frequently asked questions
- Is Harvard Management Private Equity Corporation a legitimate nonprofit?
- Yes. Harvard Management Private Equity Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-3070522, based in Boston, Massachusetts. Donations are tax-deductible.
- What is Harvard Management Private Equity Corporation's EIN?
- Harvard Management Private Equity Corporation's Employer Identification Number (EIN) is 04-3070522.
- How much revenue does Harvard Management Private Equity Corporation report?
- Harvard Management Private Equity Corporation reported $2,052,158,361 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Harvard Management Private Equity Corporation's spending goes to programs?
- Harvard Management Private Equity Corporation spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Harvard Management Private Equity Corporation have?
- CharityIndex grades Harvard Management Private Equity Corporation A, based on program efficiency and fundraising cost.
- How much does Harvard Management Private Equity Corporation's highest-paid employee make?
- The highest reported compensation on Harvard Management Private Equity Corporation's latest Form 990 is $0, paid to Kathryn I Murtagh (Director & Secretary).
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Data for Harvard Management Private Equity Corporation (EIN 04-3070522) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.