The Harvard Business School MBA Class of 1976 Inc. was approved by the IRS as a 501 c 3 Charitable Organization June 2 2016.  It is organized as a Non Profit Corporation in the Commonwealth of Massachusetts.

This website is organized to provide a general level of information with the intent of not overwhelming anyone with data.  The following corporate information is available for review upon request:

ByLaws adopted January 31 2016
Massachusetts Articles of Organization submitted March 16 2016
Conflict of Interest Policy for officers and directors adopted January 31 2016
Records Retention & Destruction Policy adopted January 31 2016
IRS approval letter June 2 2016
Board Meeting Minutes

The Class has all of its financial transactions recorded in Quick Books Desktop Premiere 2019.  Bank statements from January 2016 to the most recent statement have been captured.  The Class reports its taxes on a calendar year.

Balance sheets for each calendar year are available but not meaningful  Only the most recent balance sheet is posted below.  Income statements for each calendar year are available for review below.

A profit and loss statement for the Naples Florida Reunion is also included to provide general information about the cash flows involved with off-campus reunions.

Balance Sheet Footnotes:

* The Class had accumulated $22,185.03 from surpluses from the 30th and 35th on-campus reunions.  This is the Opening Balance Equity in the balance sheet.
* Cumulative profit and losses from calendar years 2016 through 2019 aggregate to $13,595.16.  This is shown on the balance sheet as Unrestricted Net Assets.
* The year to date profit through 31 May 2020 is $2,731.09.

The Class started 2016 with $22K, cumulative gains and losses for four years was $13.5K and YTD profit during 2020 is $3K for a total checking account balance of $38.5K.

The Napa Party required nearly $30K of funds in advance of this event.  The Class started the 40th Reunion with $22K and wrote checks for $22K and at one point only had a $3K balance.  The Naples Reunion required $15K of payments.  The checking account balance is appropriate working capital for off-campus reunions.

As a point of reference another reunion class has an account balance of $85K.