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This guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. A tax benefit from such uncertain tax positions may be recognized only if it is "more likely than not" that the position is sustainable based on its technical merits. Based on its analysis and review of all open domestic tax years (2019 through 2021), and the current year to be filed, it was determined that the Corporation does not have any material uncertain tax positions. North America 0 2 Program Services SALES SUPPORT 149917 Middle East and North Africa 1 7 Program Services SALES SUPPORT 1930515 East Asia and the Pacific 0 10 Program Services SALES SUPPORT 1089042 Europe (Including Iceland and Greenland) 0 2 Program Services SALES SUPPORT 724521 Central America and the Caribbean 0 2 Program Services SALES SUPPORT 99720 South Asia 0 0 Program Services SALES SUPPORT 41079 Sub-Saharan Africa 0 0 Program Services SALES SUPPORT 3559 Europe (Including Iceland and Greenland) 0 0 Investments BOOK VALUE OF ASSETS 1549 East Asia and the Pacific 0 0 Investments BOOK VALUE OF ASSETS 71 South Asia 0 0 Investments BOOK VALUE OF ASSETS 2132 North America 0 0 Investments BOOK VALUE OF ASSETS 1172 1 23 1 23 4043277 4043277 false false true false false true FORM 990, SCHEDULE F, PART I, COLUMN C HBSP DOES NOT HAVE EMPLOYEES OUTSIDE OF THE UNITED STATES EXCEPT THREE EMPLOYEES OF ITS BRANCH OFFICE IN THE UAE. HBSP HAS INCLUDED CONTRACTORS WHO WORK ON A PART-TIME BASIS DELIVERING BLENDED PROGRAM SERVICES AS WELL AS FULL-TIME CONTRACTORS IN THEIR RESPECTIVE REGIONS. THESE TOTALS DO NOT REPRESENT FULL TIME EQUIVALENTS. FORM 990, SCHEDULE F, PART I, COLUMN F THESE EXPENDITURES INCLUDE AGENTS AS WELL AS INDEPENDENT CONTRACTORS. THE LARGE EXPENDITURES IN THE EUROPE REGION INCLUDE THE AGENT EXPENDITURES FOR THE FULFILLMENT OF THE HBR MAGAZINE. EXPENDITURES ARE REPORTED ON AN ACCRUAL BASIS CONSISTENT WITH THE ORGANIZATION'S FINANCIAL STATEMENTS. X X X X true true false true false false false true false DAVID A WAN DIRECTOR, FORMER PRES/CEO 318104 0 257296 0 672709 0 36360 0 12738 0 1297207 0 0 0 ANGELA Q CRISPI DIRECTOR 0 391981 0 100000 0 20332 0 36686 0 28587 0 577586 0 0 THOMAS EISENMANN DIRECTOR 0 386798 0 19623 0 27279 0 36360 0 26566 0 496626 0 0 ROBIN L CAMARA SR VP/CLERK 161266 0 99796 0 341760 0 17544 0 12738 0 633104 0 0 0 JOSHUA MACHT ACTING CEO 469740 0 131600 0 1144 0 36360 0 26892 0 665736 0 0 0 ALAN IGNATIUS EDITOR IN CHIEF 387035 0 117836 0 2029 0 36360 0 27097 0 570357 0 0 0 DAS NARAYANDAS CHAIRMAN OF THE BOARD 9000 393167 0 85000 0 131286 0 36360 0 31428 9000 677241 0 0 PAUL BILLS SR. VICE PRESIDENT, CFO 283386 0 84445 0 955 0 36360 0 26048 0 431194 0 0 0 IAN FANTON EVP, CORPORATE LEARNING 336912 0 58175 0 1322 0 36360 0 25596 0 458365 0 0 0 JASON MCNAMARA SVP, CHIEF INFORMATION OFFICER 243835 0 79341 0 803 0 30360 0 27097 0 381436 0 0 0 MARK C ELLIOTT DIRECTOR 0 326302 0 1500 0 12163 0 36360 0 26834 0 403159 0 0 BENJAMIN ESTY AUDIT COMMITTEE CHAIR 0 393699 0 0 0 109361 0 36360 0 30896 0 570316 0 0 NICHOLAS CLAYTON VP, GLOBAL SALES 144874 0 185307 0 298713 0 14765 0 4908 0 648567 0 0 0 SARAH MCCONVILLE ULICNY EVP, HBR GROUP PUBLISHER 328162 0 49919 0 1303 0 36360 0 27601 0 443345 0 0 0 GAIL C DAY VP, GLOBAL ADV SALES 299064 0 178249 0 2385 0 36360 0 28892 0 544950 0 0 0 TSEDAL B NEELEY DIRECTOR 0 371922 0 22123 0 103090 0 36360 0 26642 0 560137 0 0 SURAJ SRINIVASAN DIRECTOR 0 365462 0 40000 0 277774 0 36360 0 1050 0 720646 0 0 LUIS M VICEIRA DIRECTOR 0 382654 0 65000 0 37106 0 36360 0 25734 0 546854 0 0 DOUGLAS BEIMLER VP, GLOBAL SALES 217846 0 178725 0 983 0 23306 0 28551 0 449411 0 0 0 AMY HANLON SR STRAT REL MGR 112930 0 300624 0 778 0 12089 0 28892 0 455313 0 0 0 CRAIG CATALANO VP, NATIONAL SALES AD & MKTG 261085 0 165352 0 1622 0 33360 0 29847 0 491266 0 0 0 RAFFEALLA SADUN DIRECTOR 0 367221 0 12123 0 40169 0 36360 0 31343 0 487216 0 0 SCHEDULE J, PART I, LINE 3 FOR THE 2021 CALENDAR YEAR AND TAX YEAR BEGINNING JULY 1, 2021 AND ENDING JUNE 30, 2022, THE ORGANIZATION UTILIZED COMPENSATION SURVEYS AND INDEPENDENT COMPENSATION CONSULTANTS TO INFORM COMPENSATION POLICIES AND PRACTICES INCLUDING THE LONG TERM INCENTIVE PLAN AND VARIABLE PAY PROGRAMS DESCRIBED BELOW. THE COMPENSATION PACKAGE FOR THE CEO, EXECUTIVE VICE PRESIDENTS, OTHER OFFICERS AND KEY EMPLOYEES IS REVIEWED ANNUALLY AND APPROVED BY THE COMPENSATION COMMITTEE. THE CHAIR OF THE COMPENSATION COMMITTEE IS AN INDEPENDENT MEMBER OF HARVARD BUSINESS PUBLISHING'S BOARD OF DIRECTORS. SCHEDULE J, PART I, LINE 4A THE 2020 VERIP PROGRAM WAS AN EARLY RETIREMENT INCENTIVE PROGRAM THAT HARVARD UNIVERSITY, A RELATED ORGANIZATION, MADE AVAILABLE TO ALL EMPLOYEES WHO MET CERTAIN CRITERIA. ELIGIBLE EMPLOYEES HAD A FALL 2020 DEADLINE TO ACCEPT THE 2020 VERIP PACKAGE AND THEN WERE REQUIRED TO RETIRE NO LATER THAN THE FOLLOWING JUNE 2021. PARTICIPANTS WOULD RECEIVE PAYMENTS THROUGH THE PROGRAM UPON THEIR RETIREMENT DATE. ONE DIRECTOR, DAVID A. WAN; ONE FORMER OFFICER, ROBIN L. CAMARA; AND ONE HIGHEST COMPENSATED EMPLOYEE, NICHOLAS CLAYTON ACCEPTED THIS PACKAGE AND RECEIVED PAYMENTS OF $628,300, $321,700, AND $285,482 RESPECTIVELY, WHICH HAVE BEEN REPORTED IN SCHEDULE J, PART II, COLUMN B(III). SCHEDULE J, PART I, LINE 4B HBSP HAS A LONG TERM INCENTIVE PLAN (LTIP) UNDER WHICH AMOUNTS ARE AWARDED BASED ON QUALITATIVE AND QUANTITATIVE MEASURES, AND A PORTION OF SUCH PAYMENTS ARE DEFERRED. ANY DEFERRED PAYMENT IS CONTINGENT ON FUTURE PERFORMANCE AND EMPLOYMENT ON THE DATE PAYMENT IS DUE AND IS SUBJECT TO BOARD APPROVAL. THESE AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN B(II). TO THE EXTENT PAYMENTS REFLECTED BELOW WERE REPORTED ON PRIOR YEARS' FORMS 990, SCHEDULE J, PART II, COLUMN (C) AS DEFERRED COMPENSATION, SUCH AMOUNTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN (F). THE PEOPLE LISTED BELOW RECEIVED PAYMENTS UNDER THE LTIP. ROBIN L CAMARA $92,296 ALAN IGNATIUS $110,336 JOSHUA MACHT $124,100 DAVID A WAN $249,796 PAUL BILLS $76,945 JASON MCNAMARA $71,841 IAN FANTON $50,675 SARAH MCCONVILLE ULICNY $42,419 SCHEDULE J, PART I, LINES 5A AND 7 EACH YEAR, HBSP ACCRUES AND PAYS OUT ADDITIONAL COMPENSATION TO NON SALES EMPLOYEES UNDER THE PERFORMANCE-BASED VARIABLE PAY PROGRAM ("PVP"). SPECIFIC GOALS AND PERFORMANCE METRICS ARE DEVELOPED AT THE BEGINNING OF EACH YEAR FOR EACH BUSINESS UNIT AND HBSP OVERALL. PAYOUT AMOUNTS ARE THEN DETERMINED BASED ON BUSINESS UNIT AND CORPORATE PERFORMANCE AGAINST THOSE GOALS, SUBJECT TO BOARD APPROVAL. EACH YEAR, THE CORPORATION ACCRUES AND PAYS OUT ADDITIONAL COMPENSATION TO SALES EMPLOYEES UNDER THE SALES-BASED VARIABLE PAY PROGRAM ("SVP"). SPECIFIC GOALS AND PERFORMANCE METRICS ARE DEVELOPED AT THE BEGINNING OF EACH YEAR FOR EACH INDIVIDUAL PARTICIPANT, THE BUSINESS UNIT, AND HBSP OVERALL. PAYOUT AMOUNTS ARE DETERMINED BASED ON INDIVIDUAL, BUSINESS UNIT AND CORPORATE PERFORMANCE AGAINST THOSE GOALS. A PORTION OF THE SALES-BASED VARIABLE PAY PROGRAM INCENTIVE PAYMENTS FOR CERTAIN BUSINESS UNITS IS BASED ON THE REVENUE OF THE RESPECTIVE UNIT AND/OR THE ORGANIZATION. THE ORGANIZATION DOES NOT RECEIVE ANY CHARITABLE CONTRIBUTIONS; ANY REVENUE BASED INCENTIVES ARE DERIVED FROM PROGRAM SERVICES REVENUE. FORM 990, PART I, LINE 1 & PART III, LINE 1 HARVARD BUSINESS SCHOOL PUBLISHING CORPORATION'S ("HBSP") PRIMARY EXEMPT PURPOSE IS TO SUPPORT THE EDUCATIONAL MISSION AND FACULTY RESEARCH OF HARVARD BUSINESS SCHOOL, THEREBY EXTENDING ITS REACH THROUGH PUBLISHING ACTIVITIES. FORM 990, PART III, LINES 4A-D 4A - MANAGEMENT EDUCATION TO INDIVIDUAL MANAGERS WE PRESENT RIGOROUS RESEARCH, INFORMED COMMENTARY, INTELLIGENT DEBATE, AND PRACTICAL GUIDES - ALL OFFERED ACROSS MULTIPLE PLATFORMS TO BUSINESS LEADERS, ACADEMICS, AND STUDENTS AROUND THE WORLD. THE HARVARD BUSINESS REVIEW GROUP ("HBR") STRIVES TO BE THE WORLD'S MOST TRUSTED SOURCE OF RELEVANT IDEAS ABOUT LEADERSHIP, MANAGEMENT, AND STRATEGY. THE CONTENT DEVELOPED BY THE HBR GROUP, HARVARD BUSINESS REVIEW MAGAZINE, BOOKS AND ONLINE DISCUSSIONS ARE USED IN ORGANIZATIONS AND CLASSROOMS TO DISSEMINATE LEADING EDGE MANAGEMENT IDEAS. 4B - MANAGEMENT EDUCATION IN SUPPORT OF HIGHER EDUCATION THE HIGHER EDUCATION GROUP EXTENDS THE REACH OF THE HARVARD BUSINESS SCHOOL ("HBS") - ITS RESEARCH, TEACHING MATERIALS, AND PEDAGOGICAL APPROACH - TO EDUCATIONAL INSTITUTIONS AROUND THE WORLD. WE PROVIDE THESE INSTITUTIONS WITH THE SAME MATERIALS USED IN THE HBS CLASSROOM AND OFFER NUMEROUS SEMINARS TO TRAIN FACULTY WORLDWIDE IN THE PEDAGOGICAL METHOD, PARTICIPANT-CENTERED LEARNING, THAT IS PRACTICED AT HBS. IN THIS WAY, WE AMPLIFY THE IMPACT THAT HBS HAS ON THE WORLD AND ASSIST HBS IN ACCOMPLISHING ITS LARGER MISSION. A RELATIVELY SMALL NUMBER OF STUDENTS-FEWER THAN 2000-ATTEND THE HBS MBA PROGRAM EACH YEAR, WHILE THE HIGHER EDUCATION GROUP AT HBSP IS ABLE TO ASSIST HUNDREDS OF THOUSANDS MORE TO BECOME EFFECTIVE MANAGERS AND LEADERS. 4C - MANAGEMENT EDUCATION TO CORPORATIONS WE BUILD BETTER LEADERS AND MANAGERS IN THE CORPORATE LEARNING MARKET BY PARTNERING WITH ITS CORPORATE CLIENTS TO DEVELOP AND IMPLEMENT A CUSTOMIZED PORTFOLIO OF CONTENT AND SERVICES UNIQUELY SUITED TO THEIR TALENT DEVELOPMENT STRATEGIES. THROUGH CLIENT ENGAGEMENTS, HBSP DELIVERS THOUGHT LEADERSHIP APPLIED TO REAL-WORLD PROBLEMS FOR MEASURABLE RESULTS. HBSP HELPS ORGANIZATIONS DELIVER A UNIQUE TRANSFORMATIONAL LEARNING EXPERIENCE FOR LEADERS AT ALL LEVELS, FROM A COMPANY'S MOST SENIOR EXECUTIVE TO ITS HIGH-POTENTIAL PERFORMERS. 4D - OTHER ACTIVITIES INCLUDE ADVERTISING AND SERVICES TO SUPPORTED ORGANIZATION. FORM 990, PART VI, SECTION A, LINES 6, 7A, 7B THE DEAN OF THE BUSINESS SCHOOL OF THE PRESIDENT AND FELLOWS OF HARVARD COLLEGE IS THE SOLE MEMBER OF HBSP. THE SOLE MEMBER HAS THE RIGHT TO APPOINT BOARD MEMBERS AND APPROVE DECISIONS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 FINANCE DEVELOPS THE FORM 990 DRAFT. IT IS THEN REVIEWED BY THE INDEPENDENT TAX PREPARER, WHO SIGNS AS PAID PREPARER, AS WELL AS THE VICE PRESIDENT, CFO. THE FORM 990 DRAFT IS SUBSEQUENTLY REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS AND THE CEO. A FINAL FORM 990 IS DISTRIBUTED TO THE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ONCE A YEAR, HBSP SENDS A CONFLICT OF INTEREST QUESTIONNAIRE TO ALL OFFICERS, DIRECTORS, HIGHEST COMPENSATED EMPLOYEES, AND KEY EMPLOYEES. THE QUESTIONNAIRES ARE SIGNED AND RETURNED TO THE VICE PRESIDENT, CFO. IF ANY CONFLICTS ARE IDENTIFIED THE VP OF HUMAN RESOURCES AND CEO MEET TO RESOLVE THE CONFLICT, AND THE RESOLUTIONS ARE REVIEWED BY THE COMPENSATION COMMITTEE. THE CORPORATION RECOGNIZES THAT THERE CAN BE ROUTINE TRANSACTIONS BETWEEN HARVARD BUSINESS SCHOOL PUBLISHING AND FIRMS WHERE HBSP BOARD MEMBERS SERVE AS DIRECTORS OR CONSULTANTS. THESE ROUTINE TRANSACTIONS, INCLUDING BUT NOT LIMITED TO PLACEMENT OF ADVERTISING, AND PURCHASE AND SALES OF PRODUCTS, ARE NOT INFLUENCED BY THESE RELATIONSHIPS AND ARE CONDUCTED INDEPENDENTLY IN THE ORDINARY COURSE OF BUSINESS. FORM 990, PART VI, SECTION B, LINES 15A & 15B FOR THE 2021 CALENDAR YEAR AND TAX YEAR BEGINNING JULY 1, 2021 AND ENDING JUNE 30, 2022, THE ORGANIZATION UTILIZED COMPENSATION SURVEYS AND INDEPENDENT COMPENSATION CONSULTANTS TO INFORM COMPENSATION POLICIES AND PRACTICES. THE COMPENSATION PACKAGE FOR THE CEO, EXECUTIVE VICE PRESIDENT AS WELL AS OTHER OFFICERS AND KEY EMPLOYEES ARE REVIEWED ANNUALLY AND APPROVED BY THE COMPENSATION COMMITTEE. THE CHAIR OF THE COMPENSATION COMMITTEE IS AN INDEPENDENT MEMBER OF THE HBSP'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII THE INDIVIDUALS RECEIVING RELATED ORGANIZATION COMPENSATION ARE EMPLOYEES OF THE PRESIDENT AND FELLOWS OF HARVARD COLLEGE AND/OR HARVARD BUSINESS SCHOOL, A DEPARTMENT OF THE PRESIDENT AND FELLOWS OF HARVARD COLLEGE. THE LISTED INDIVIDUALS MAY HAVE BEEN EMPLOYED BY HARVARD BUSINESS SCHOOL AND/OR HARVARD UNIVERSITY FOR ALL OR PART OF THE YEAR. PRESIDENT DAVID A. WAN ENDED HIS TERM AS PRESIDENT/CEO OF HARVARD BUSINESS SCHOOL PUBLISHING CO. IN JUNE, 2021. HE STARTED HIS TERM AS DIRECTOR IN SEPTEMBER, 2021. DAVID A. WAN'S 2021 COMPENSATION IS DERIVED FROM HIS POSITION AS THE PRESIDENT/CEO, AND NOT FROM HIS POSITION AS DIRECTOR. JOSHUA A. MACHT BECAME ACTING CEO IN JULY, 2021. PRIOR TO JULY, 2021, HE WAS THE SENIOR VICE PRESIDENT, CHIEF PRODUCT AND INNOVATION OFFICER. 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