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Filing year 2023

Harvard Management Company Inc

Boston, Massachusetts·EIN 23-7361259·NTEE B020 · Education·501(c)(3)
Total revenue
$132M
Total assets
$108.2M
Total expenses
$132M
Reported officers
23
Mission

PROVIDE INVESTMENT MANAGEMENT SERVICES TO HARVARD UNIVERSITY.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 13 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in Massachusetts.

MD - President & CEO
Above 90th percentile
$6.2M
$6.9M
Base
$999k
Bonus
$5.1M
Other
$4k
Benefits
$35k
MD - CIO
Chief Information Officer
Above 90th percentilevs Education peers nationwide
$5M
$5.5M
Base
$799k
Bonus
$4M
Other
$7k
Benefits
$35k
MD - COO & Treasurer
Above 90th percentile
$5M
$5.5M
Base
$775k
Bonus
$4M
Other
$25k
Benefits
$36k
MD - Generalist Team
Highest Compensated Employee
Above 90th percentile
$3.7M
$4.1M
Base
$699k
Bonus
$2.9M
Other
$486
Benefits
$35k
MD - Generalist Team
Highest Compensated Employee
Above 90th percentile
$3.5M
$3.8M
Base
$538k
Bonus
$2.9M
Other
$353
Benefits
$24k
MD - Generalist Team
Highest Compensated Employee
Above 90th percentile
$3.3M
$3.6M
Base
$488k
Bonus
$2.7M
Other
$1k
Benefits
$43k
MD - Generalist Team
Highest Compensated Employee
Above 90th percentile
$3.3M
$3.6M
Base
$496k
Bonus
$2.6M
Other
$1k
Benefits
$35k
MD - Generalist Team
Highest Compensated Employee
Above 90th percentile
$3M
$3.3M
Base
$394k
Bonus
$2.5M
Other
$418
Benefits
$35k
MD - Cco & Clerk
Officer (Unspecified)
$2.3M
$2.6M
Base
$772k
Bonus
$1.5M
Other
$25k
Benefits
$16k
Director Until 01/02/24
Board Member
Above 90th percentile
$284k
$313k
Director As of 01/02/24
Board Member
75th to 90th percentile
$243k
$268k
Director
Board Member
Median to 75th percentile
$58k
$64k
Director
Board Member
Median to 75th percentile
$54k
$60k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at Harvard Management Company Inc equaled 5% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
5%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Down 36%
from 2022

From $9.7M in 2022 to $6.2M in 2023.

$9.7M
2022
$6.2M
2023
In today's dollarsEst.
Down 38% in real terms$11M to $6.9M

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 36% from 2022 to 2023, while revenue rose 3%.

$9.7M in 2022 to $6.2M in 2023.
  • Chief Information Officer pay fell 35% from 2022 to 2023.
  • Chief Operating Officer pay rose 25% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about Harvard Management Company Inc

What does the Chief Executive Officer of Harvard Management Company Inc earn?

In 2023, the Chief Executive Officer of Harvard Management Company Inc received $6,228,717 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Education organizations in Massachusetts: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Harvard Management Company Inc compare with similar nonprofits?

Compared with the same role at Education organizations in Massachusetts, the 2023 pay of the Chief Executive Officer at Harvard Management Company Inc falls in the top 10%. In 2023, the highest total compensation at Harvard Management Company Inc equaled 5% of the organization's total expenses. The median for education organizations is 7%.

What are Harvard Management Company Inc's revenue and expenses?

In 2023, Harvard Management Company Inc reported $132M in total revenue and $132M in total expenses on its IRS Form 990.

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