Nonprofit · EIN 23-7361259
HARVARD MANAGEMENT COMPANY INC
Tax-exempt · BOSTON, MA 02210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $130,527,372 | $130,527,372 | $0 | $97,988,942 | $97,988,942 | $0 |
| June 30, 2024 | 990 | $132,015,552 | $132,015,552 | $0 | $108,236,655 | $108,236,655 | $0 |
| June 30, 2023 | 990 | $128,714,153 | $128,714,153 | $0 | $108,183,708 | $108,183,708 | $0 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $130,527,372
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $18,789,098
- Other salaries and wages
- $58,424,625
- Salaries, compensation and benefits (total)
- $84,927,854
- Professional fundraising fees
- $0
- Legal fees
- $4,957,684
- Accounting fees
- $844,259
- Occupancy
- $4,337,894
- Travel
- $2,393,320
- Depreciation
- $1,304,056
- Program services (functional)
- $123,679,409
- Management and general (functional)
- $6,847,963
Balance sheet and other
- Total assets, start of year
- $108,236,655
- Total assets, end of year
- $97,988,942
- Total liabilities, end of year
- $97,988,942
- Net assets, end of year
- $0
- Land, buildings and equipment
- $4,371,513
- Gross receipts
- $130,527,372
- Employees
- 119
- Volunteers
- 0
- Year formed
- 1974
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| NIRMAL P NARVEKAR | MD - President & CEO Trustee or director, Officer | 50 | $6,214,550 | $0 | $169,258 |
| RICHARD W SLOCUM | MD - CIO Key employee | 60 | $4,975,686 | $0 | $149,874 |
| SANJEEV DAGA | MD - COO/CFO & Treasurer Officer | 50 | $4,967,949 | $0 | $152,570 |
| Adam Goldstein | MD - GENERALIST TEAM Highest-paid employee | 60 | $3,496,393 | $0 | $122,076 |
| JOHN SHUE | MD - Generalist Team Highest-paid employee | 60 | $3,076,911 | $0 | $121,628 |
| MARCUS LOVELAND | MD - GENERALIST TEAM Highest-paid employee | 60 | $3,030,167 | $0 | $120,183 |
| VIRAL DHOLABHAI | MD - GENERALIST TEAM Highest-paid employee | 60 | $2,880,415 | $0 | $117,298 |
| Kerr Mone | MD - GENERALIST TEAM Highest-paid employee | 60 | $2,838,860 | $0 | $116,385 |
| KATHRYN I MURTAGH | MD - CCO & CLERK Officer | 50 | $2,377,116 | $0 | $50,611 |
| Alan M Garber | DIRECTOR Trustee or director | 2 | $0 | $1,391,448 | $251,390 |
| RITU KALRA | DIRECTOR Trustee or director | 1 | $0 | $646,696 | $74,375 |
| AMY C FALLS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN ROGERS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| Eric Doppstadt | Director Trustee or director | 1 | $0 | $0 | $0 |
| JOSHUA S FRIEDMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Martin Escobari | DIRECTOR Trustee or director | 1 | $0 |
| Michael Chae | DIRECTOR Trustee or director | 1 | $0 |
| PAUL J FINNEGAN | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT JAIN | DIRECTOR Trustee or director | 1 | $0 |
| Timothy R Barakett | DIRECTOR & CHAIR Trustee or director | 1 | $0 |
| TRICIA M GLYNN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| NIRMAL P NARVEKAR | MD - President & CEO Trustee or director, Officer | 50 | $6,065,114 | $0 | $163,603 |
| RICHARD W SLOCUM | MD - CIO Key employee | 60 | $4,855,885 | $0 | $144,854 |
| SANJEEV DAGA | MD - COO & Treasurer Officer | 50 | $4,849,849 | $0 | $145,850 |
| Adam Goldstein | MD - GENERALIST TEAM Highest-paid employee | 60 | $3,585,935 | $0 | $121,915 |
| Carlos Saravia | MD - Generalist Team Highest-paid employee | 60 | $3,405,829 | $0 | $48,258 |
| ELISE McDONALD | MD - Generalist Team Highest-paid employee | 60 | $3,159,716 | $0 | $126,010 |
| JOHN SHUE | MD - Generalist Team Highest-paid employee | 60 | $3,142,591 | $0 | $117,480 |
| MARCUS LOVELAND | MD - GENERALIST TEAM Highest-paid employee | 60 | $2,924,693 | $0 | $115,768 |
| KATHRYN I MURTAGH | MD - CCO & CLERK Officer | 50 | $2,296,350 | $0 | $48,682 |
| Claudine Gay | DIRECTOR UNTIL 01/02/24 Trustee or director | – | $0 | $1,079,008 | $283,947 |
| Alan M Garber | DIRECTOR AS OF 01/02/24 Trustee or director | 2 | $0 | $922,068 | $242,968 |
| JEREMY C STEIN | DIRECTOR Trustee or director | 1 | $0 | $607,614 | $58,249 |
| RITU KALRA | DIRECTOR Trustee or director | 1 | $0 | $501,481 | $54,345 |
| AMY C FALLS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN ROGERS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| Eric Doppstadt | Director Trustee or director | 1 | $0 | $0 | $0 |
| JOSHUA S FRIEDMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEITH JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAUL J FINNEGAN | DIRECTOR & CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT JAIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| Timothy R Barakett | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TRICIA M GLYNN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM M LEWIS JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| NIRMAL P NARVEKAR | MD - President & CEO Trustee or director, Officer | 50 | $9,602,531 | $0 | $65,735 |
| RICHARD W SLOCUM | MD - CIO Key employee | 60 | $7,682,394 | $0 | $65,735 |
| Carlos Saravia | MD - Generalist Team Highest-paid employee | 60 | $6,614,167 | $0 | $65,399 |
| Adam Goldstein | MD - GENERALIST TEAM Highest-paid employee | 60 | $5,936,995 | $0 | $65,393 |
| ELISE McDONALD | MD - Generalist Team Highest-paid employee | 60 | $5,158,359 | $0 | $73,279 |
| JOHN SHUE | MD - Generalist Team Highest-paid employee | 60 | $5,078,775 | $0 | $65,477 |
| VIRAL DHOLABHAI | MD - GENERALIST TEAM Highest-paid employee | 60 | $4,272,960 | $0 | $65,399 |
| SANJEEV DAGA | MD - COO & Treasurer Officer | 50 | $3,915,776 | $0 | $67,097 |
| KATHRYN I MURTAGH | MD - CCO & CLERK Officer | 50 | $2,252,121 | $0 | $46,222 |
| LAWRENCE S BACOW | DIRECTOR Trustee or director | 2 | $0 | $1,333,866 | $423,243 |
| THOMAS J HOLLISTER | DIRECTOR Trustee or director | 1 | $0 | $630,779 | $72,261 |
| JEREMY C STEIN | DIRECTOR Trustee or director | 1 | $0 | $552,624 | $60,161 |
| AMY C FALLS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN ROGERS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| Eric Doppstadt | Director Trustee or director | 1 | $0 | $0 | $0 |
| JOSHUA S FRIEDMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEITH JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAUL J FINNEGAN | DIRECTOR & CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT JAIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS L KEMPNER JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| Timothy R Barakett | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM M LEWIS JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 600 ATLANTIC AVENUE 15TH, BOSTON, MA 02210-2211
- Principal officer (990 for 2024)
- Nirmal P Narvekar, 600 Atlantic Avenue, Boston, MA 022102203
- Signed the 990
- Kristin Dziergowski, Assistant Treasurer
- Phone
- (617) 720-6759
- Website
- WWW.HMC.HARVARD.EDU
- Return prepared by
- PWC US TAX LLP
Mission
PROVIDE INVESTMENT MANAGEMENT SERVICES TO HARVARD UNIVERSITY.
Program accomplishments
- HARVARD MANAGEMENT COMPANY, INC. WAS ESTABLISHED TO PROMOTE THE EDUCATIONAL PURPOSES OF PRESIDENT AND FELLOWS OF HARVARD COLLEGE, A NONPROFIT INSTITUTION FOR HIGHER EDUCATION, BY PROVIDING INVESTMENT RESEARCH, ADVICE, COUNSEL AND MANAGEMENT TO AND FOR THE BENEFIT OF PRESIDENT AND FELLOWS OF HARVARD COLLEGE AND SUCH ORGANIZATIONS AFFILIATED THEREWITH OR RELATED THERETO AS THEY MAY DESIGNATE, PROVIDED THAT SUCH ORGANIZATIONS FURTHER THE EDUCATIONAL PURPOSES OF PRESIDENT AND FELLOWS OF HARVARD COLLEGE. THE PRESIDENT AND FELLOWS OF HARVARD COLLEGE MAKES PAYMENTS TO HARVARD MANAGEMENT COMPANY, INC. TO FUND THE EXPENSES INCURRED IN CARRYING OUT ITS EXEMPT PURPOSE.Expenses $123,679,409 · revenue $130,527,372
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7361259
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1974
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B020)
- Assets (IRS master file)
- $97,988,942
- Income (IRS master file)
- $130,527,372
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $130,527,372 | $130,527,372 | $97,988,942 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $132,015,552 | $132,015,552 | $108,236,655 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $128,714,153 | $128,714,153 | $108,183,708 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $147,214,674 | $147,214,674 | $127,984,443 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7361259).
Questions about HARVARD MANAGEMENT COMPANY INC
- What is the EIN of HARVARD MANAGEMENT COMPANY INC?
- The employer identification number (EIN) of HARVARD MANAGEMENT COMPANY INC is 23-7361259.
- Is HARVARD MANAGEMENT COMPANY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to HARVARD MANAGEMENT COMPANY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HARVARD MANAGEMENT COMPANY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HARVARD MANAGEMENT COMPANY INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HARVARD MANAGEMENT COMPANY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of HARVARD MANAGEMENT COMPANY INC?
- The 990 for the year ended June 30, 2025 names Nirmal P Narvekar.
- Who are the officers and directors of HARVARD MANAGEMENT COMPANY INC?
- The 990 for the year ended June 30, 2025 lists 21 people; 9 received compensation from the organization, the highest $6,214,550 (NIRMAL P NARVEKAR, MD - President & CEO).
- How much revenue does HARVARD MANAGEMENT COMPANY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $130,527,372, expenses of $130,527,372 and total assets of $97,988,942 at year end.
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