Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1989.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
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Who runs it and what they're paid
5 people listed on the 990; $134K paid to officers and key staff.
Peter Taggares IV’s $134K as CEO - Taggares Fruit Company, LLC is at the 55th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2021 | FY2020 |
|---|---|---|
| Peter Taggares IV | $133,644 | $262,000 |
| Jason Schlagel | — | $153,920 |
| Peter Faucher | — | $139,544 |
| Keri Howard | — | $132,758 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Invests and manages financial assets to support the educational and research mission of Harvard University.
Questions for Phemus Corporation
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Phemus corporation invests funds for the benefit of president and fellows of harvard college, a related 501(c)(3) supported organization.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $13.5M | $4.9M |
| InvestmentsLn 11–13 | $1.46B | $764.2M |
| Land, buildings, equipmentLn 10c | $3.7M | $3.7M |
| Total assetsLn 16 | $1.50B | $816.5M |
| LiabilitiesLn 26 | $35.4M | $33.1M |
| Net assetsLn 32 | $1.46B | $783.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $214K | $214K | ||
| Other employee benefitsLn 9 | $21K | $21K | ||
| Payroll taxesLn 10 | $15K | $15K | ||
| Legal feesLn 11b | $6K | $6K | ||
| Accounting feesLn 11c | $3K | $3K | ||
| Other fees for servicesLn 11g | $151K | $151K | $0 | $0 |
| Advertising and promotionLn 12 | $627 | $627 | ||
| Office expensesLn 13 | $50K | $50K | ||
| OccupancyLn 16 | $3K | $3K | ||
| TravelLn 17 | $227 | $227 | ||
| Conferences, conventions and meetingsLn 19 | $409 | $409 | ||
| InterestLn 20 | $299K | $299K | ||
| InsuranceLn 23 | $37K | $37K | ||
| Other expenses (24a–d)Ln 24 | $4.1M | $4.1M | ||
| All other expensesLn 24e | −$100K | −$100K | $0 | $0 |
| Total functional expensesLn 25 | $4.8M | $4.8M | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $7.3M | $74K | $7.2M | $781.7M | 990 PDF |
| FY2024 | $16.7M | $685 | $16.7M | $742.7M | 990 PDF |
| FY2023 | −$150.3M | $3.4M | −$153.7M | $744.9M | 990 PDF |
| FY2022 | −$2.5M | $3.0M | −$5.5M | $706.7M | 990 PDF |
| FY2021 Viewing | $2.6M | $4.8M | −$2.2M | $783.4M | 990 PDF |
| FY2020 | $252.7M | $21.9M | $230.8M | $1.5B | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $2,564,792 revenue, 12 lines filed
Part VI · Governance 0 of 3 board members independent, 2 to look at
Part VIII · Statement of revenue $2,564,792 across 5 lines filed
Part IX · Statement of functional expenses $4,804,671 across 15 lines filed
Part X · Balance sheet $816,479,515 assets, 13 lines filed
Part XI · Reconciliation of net assets $783,415,587 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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