Phemus Corporation
100% goes to programs Strong reserves Growing revenue
Phemus Corporation is a 501(c)(3) organization based in Boston, Massachusetts, registered in 1989, with $16,699,228 in FY2023 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
600 Atlantic Avenue C/o Hmc Inc, Boston, MA, 02210 EIN 04-2997367 Since 1989
Revenue (FY2023)
$16.7M
▲ 111.1% vs prior year
Education median: $200K
Expenses (FY2023)
$685
Net assets
$742.7M
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 Phemus Corporation: 100% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating13009957 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 Phemus Corporation: 13009957 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 Phemus 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 Phemus 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 & fellows of harvard college, a related 501(c (3) supported organization.
Contact & location
- Address
- 600 Atlantic Avenue C/o Hmc Inc, Boston, MA, 02210
- City
- Boston
- State
- Massachusetts
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $107.6M (FY2013) to $16.7M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $742.7M
Operating margin
100.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$742.7M
Total liabilities
$0
Net assets
$742.7M
Salaries & benefits
$0
0% of expenses
Board members
3
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $16,699,228▲111% | $685▼100.0% | $742,651,734▼0.3% | $742,651,734▼0.5% | 990 |
| 2022 | -$150,302,637▼5915% | $3,416,278▲15.0% | $744,859,513▲5.4% | $746,010,087▲5.6% | 990 |
| 2021 | -$2,498,630▼197% | $2,971,105▼38.2% | $706,660,961▼9.8% | $706,660,961▼13.5% | 990 |
| 2020 | $2,564,792▼99.0% | $4,804,671▼78.0% | $783,415,587▼46.4% | $816,479,515▼45.4% | 990 |
| 2019 | $252,684,023▲517% | $21,859,326▼11.7% | $1,461,246,213▼22.4% | $1,496,630,479▼21.2% | 990 |
| 2018 | $40,942,971▼74.2% | $24,752,030▲28.5% | $1,883,717,699▼4.9% | $1,898,773,311▼4.2% | 990 |
| 2017 | $158,484,101▲271% | $19,255,075▲40.6% | $1,980,873,144▼16.7% | $1,981,073,144▼16.8% | 990 |
| 2016 | -$92,689,964▼161% | $13,698,208▼68.6% | $2,376,983,821▼14.2% | $2,381,222,747▼14.1% | 990 |
| 2015 | $152,773,269▼77.3% | $43,590,665▲2.4% | $2,771,791,276▼11.8% | $2,771,791,276▼11.8% | 990 |
| 2014 | $674,105,673▲527% | $42,582,830▲17.5% | $3,143,755,918▼16.0% | $3,143,755,918▼16.5% | 990 |
| 2013 | $107,580,408 | $36,234,000▲0.7% | $3,744,710,568▲0.1% | $3,764,814,392▲0.3% | 990 |
| 2012 | — | $35,975,928▲50.9% | $3,742,220,490▼11.4% | $3,752,431,253▼11.9% | 990 |
| 2011 | — | $23,839,144▼39.7% | $4,225,363,556▲0.7% | $4,258,287,324▼0.5% | 990 |
| 2010 | — | $39,524,064▼88.6% | $4,198,031,366▲49.1% | $4,281,298,904▲51.1% | 990 |
| 2009 | — | $345,322,597 | $2,816,476,738 | $2,833,502,773 | 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 |
|---|---|---|
| Solum Partners LP | Investment Management | $578,053 |
| Asesorias E Inversiones Tralcan Ltda | Investment Management | $346,451 |
| Floresteca Servicos Florestais Ltda | Investment Management | $249,658 |
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Frequently asked questions
- Is Phemus Corporation a legitimate nonprofit?
- Yes. Phemus Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2997367, based in Boston, Massachusetts. Donations are tax-deductible.
- What is Phemus Corporation's EIN?
- Phemus Corporation's Employer Identification Number (EIN) is 04-2997367.
- How much revenue does Phemus Corporation report?
- Phemus Corporation reported $16,699,228 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Phemus Corporation's spending goes to programs?
- Phemus Corporation spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Phemus Corporation have?
- CharityIndex grades Phemus Corporation A, based on program efficiency and fundraising cost.
- How much does Phemus Corporation's highest-paid employee make?
- The highest reported compensation on Phemus Corporation's latest Form 990 is $0, paid to Kathryn I Murtagh (Director & Secretary).
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Data for Phemus Corporation (EIN 04-2997367) 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.