Harvard Alumni Entrepreneurs Inc
Harvard Alumni Entrepreneurs Inc. shows strong revenue growth and no reported officer compensation.
EIN: 208034421 · Gloucester, MA · NTEE: B038 · Updated: 2026-03-28
Is Harvard Alumni Entrepreneurs Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harvard Alumni Entrepreneurs Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harvard Alumni Entrepreneurs Inc
Harvard Alumni Entrepreneurs Inc (EIN: 208034421) is a nonprofit organization based in Gloucester, MA, classified under NTEE code B038. The organization reported total revenue of $492K and total assets of $173K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harvard Alumni Entrepreneurs Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Harvard Alumni Entrepreneurs Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Harvard Alumni Entrepreneurs Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation has been reported at 0% in both available filings, indicating a volunteer-led organization or one with extremely low executive overhead, which is highly commendable for a nonprofit of its size with latest revenue of $492,379.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Harvard Alumni Entrepreneurs Inc:
- Strong revenue growth from $93,881 in 2021 to $492,379 in the latest period.
- Consistent 0% officer compensation reported in available filings, indicating efficient use of funds.
- Healthy asset base of $172,638 relative to liabilities, suggesting financial stability.
- Positive financial trajectory with expenses significantly lower than revenue in recent periods (e.g., $107,584 expenses vs. $232,302 revenue in 2022).
Frequently Asked Questions about Harvard Alumni Entrepreneurs Inc
Is Harvard Alumni Entrepreneurs Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harvard Alumni Entrepreneurs Inc (EIN: 208034421) appears legitimate. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
How does Harvard Alumni Entrepreneurs Inc spend its money?
Harvard Alumni Entrepreneurs Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Harvard Alumni Entrepreneurs Inc tax-deductible?
Harvard Alumni Entrepreneurs Inc is registered as a tax-exempt nonprofit (EIN: 208034421). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Harvard Alumni Entrepreneurs Inc. a good charity?
Based on the available data, Harvard Alumni Entrepreneurs Inc. appears to be a well-managed and efficient organization. It has demonstrated strong revenue growth, healthy assets, and notably, 0% officer compensation in its recent filings, suggesting a high dedication to its mission and efficient use of funds.
How has the organization's revenue changed over time?
The organization has experienced significant revenue growth, increasing from $93,881 in 2021 to $232,302 in 2022, and further to $492,379 in the latest period, indicating strong financial development.
What is the organization's approach to executive compensation?
Harvard Alumni Entrepreneurs Inc. has reported 0% officer compensation in both its 2022 and 2021 filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for efficiency.
Filing History
IRS 990 filing history for Harvard Alumni Entrepreneurs Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2021–2022), Harvard Alumni Entrepreneurs Inc's revenue has grown by 147.4%, moving from $94K to $232K. Total assets increased by 263.5% over the same period, from $49K to $178K. Total functional expenses rose by 38.7%, from $78K to $108K. In its most recent filing year (2022), Harvard Alumni Entrepreneurs Inc reported a surplus of $125K, with revenue exceeding expenses. The organization holds $8K in liabilities against $178K in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $171K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $232K | $108K | $178K | $8K | — | View 990 |
| 2021 | $94K | $78K | $49K | $3K | — | View 990 |
Data Sources and Methodology
This transparency report for Harvard Alumni Entrepreneurs Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.