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HULT INTERNATIONAL BUSINESS SCHOOL IS A GLOBAL INSTITUTION THAT TRANSFORMS LIVES BY PROVIDING AN EXCEPTIONALLY VALUABLE AND ENDURING EDUCATION THAT BRINGS TOGETHER PEOPLE, CULTURES AND IDEAS FROM ALL AROUND THE WORLD. THE SCHOOL ENCOURAGES PERSONAL GROWTH, INTELLECTUAL INTEGRITY, GLOBAL SENSITIVITY, LOCAL ENGAGEMENT, AND CIVIC VALUES, SO THAT STUDENTS ARE ABLE TO FLOURISH IN THE GLOBAL ECONOMY AND ARE EMPOWERED TO CONTRIBUTE MEANINGFULLY TO THEIR BUSINESS AND COMMUNITY.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$193.2M
Program Spending
90%
of total expenses go to program services
Total Contributions
$6M
Total Expenses
▼$190.2M
Total Assets
$116.5M
Total Liabilities
▼$98.9M
Net Assets
$17.6M
Officer Compensation
→$204.6K
Other Salaries
$22.7M
Investment Income
$2.2M
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$4.3M
Awards Found
2
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Department of Education | APPLYING FOR CARES ACT GRANT FUNDING ALLOCATION. | $2.3M | FY2020 | May 2020 – Jan 2022 | Open → |
| Department of Education | APPLYING FOR CARES ACT GRANT FUNDING ALLOCATION. | $2M | FY2020 | May 2020 – Jan 2022 | Open → |
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
10
Clean Audits
7
Material Weakness
No
Noncompliance Issues
Yes
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Minor Findings | Unmodified (Clean) | $5.7M | Yes | 2026-04-30 |
| 2024 | Minor Findings | Unmodified (Clean) | $6M | Yes | 2025-04-30 |
| 2023 | Minor Findings | Unmodified (Clean) | $5.9M | No | 2024-04-30 |
| 2022 | Clean | Unmodified (Clean) | $10M | Yes | 2023-05-04 |
| 2021 | Clean | Unmodified (Clean) | $6M | Yes | 2022-04-28 |
| 2020 | Clean | Unmodified (Clean) | $7.2M | Yes | 2021-08-27 |
| 2019 | Clean | Unmodified (Clean) | $8.5M | Yes | 2020-06-28 |
| 2018 | Clean | Unmodified (Clean) | $6.1M | Yes | 2019-06-19 |
| 2017 | Clean | Unmodified (Clean) | $5.8M | Yes | 2018-06-24 |
| 2016 | Clean | Unmodified (Clean) | $5.9M | Yes | 2017-05-15 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$10M
Financial Report
Unmodified (Clean)
Federal Expenditure
$6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$7.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$8.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$6.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.9M
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $193.2M | $6M | $190.2M | $116.5M | $17.6M |
| 2022IRS e-File | $191.3M | $0 | $200.2M | $135.3M | $14.5M |
| 2021 | $133.1M | $0 | $128.9M | $106.2M | $26M |
| 2020 | $158.9M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Matt Lilley | President/director | 2 | $0 | $0 | $373.3K | $373.3K |
| Emilie Mccarthy | Treasurer Thru 12/2023 | 40 | $0 | $0 | $323.3K | $323.3K |
| Marcus Friberg | Clerk/fin. Mngr. Eff. 9/24 | 40 | $193.4K | $0 | $12.4K | $205.7K |
| Joakim Banestig | Treasurer Beg. 12/2023 | 2 | $0 | $0 | $37.5K | $37.5K |
| Abraham Giorgis | Clerk/fin. Mngr. Thru 9/24 | 40 | $33.6K | $0 | $1,242 | $34.9K |
Matt Lilley
President/director
$373.3K
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$373.3K
Emilie Mccarthy
Treasurer Thru 12/2023
$323.3K
Hrs/Wk
40
Compensation
$0
Related Orgs
$0
Other
$323.3K
Marcus Friberg
Clerk/fin. Mngr. Eff. 9/24
$205.7K
Hrs/Wk
40
Compensation
$193.4K
Related Orgs
$0
Other
$12.4K
Joakim Banestig
Treasurer Beg. 12/2023
$37.5K
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$37.5K
Abraham Giorgis
Clerk/fin. Mngr. Thru 9/24
$34.9K
Hrs/Wk
40
Compensation
$33.6K
Related Orgs
$0
Other
$1,242
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Omar Romero Hernandez | Hult School Professor | 40 | $398.2K | $0 | $31.8K | $430K |
| Marta Mauri Erena | Regional Head Of Enrollment | 40 | $413.7K | $0 | $5,754 | $419.4K |
| Manpreet Dhillon | Provost & Executive Vice President | 40 | $399.4K |
Omar Romero Hernandez
Hult School Professor
$430K
Hrs/Wk
40
Compensation
$398.2K
Related Orgs
$0
Other
$31.8K
Marta Mauri Erena
Regional Head Of Enrollment
$419.4K
Hrs/Wk
40
Compensation
$413.7K
Related Orgs
$0
Other
$5,754
Manpreet Dhillon
Provost & Executive Vice President
$407K
Hrs/Wk
40
Compensation
$399.4K
Related Orgs
$0
Other
$7,595
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Asa Rangne Blendow | Director | 2 | $0 | $0 | $0 | $0 |
| Christer Serenhov | Director | 2 | $0 | $0 | $0 | $0 |
| Christopher Jedrey | Director | 2 | $0 | $0 | $0 | $0 |
| Deming Chen | Director | 2 | $0 | $0 | $0 | $0 |
| Dr Christopher Ahlberg | Director | 2 | $0 | $0 | $0 | $0 |
| Dr Craig Burns | Director |
Asa Rangne Blendow
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Christer Serenhov
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Christopher Jedrey
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
| $811.1K |
| $143.3M |
| $97.9M |
| $21.8M |
| 2019 | $120.8M | $0 | $129.2M | $94.8M | $6.2M |
| 2018 | $99.2M | $800K | $96.3M | $69.3M | $14.6M |
| 2017 | $91.5M | $8.5M | $90.8M | $58.5M | $11.7M |
| 2016 | $84.8M | $23M | $78.5M | $53.3M | $11M |
| 2015 | $46.4M | $0 | $44.9M | $9.4M | $4.8M |
| 2014 | $34.7M | $0 | $34.2M | $10M | $3.3M |
| 2013 | $23.8M | $0 | $23.1M | $7.3M | $2.8M |
| 2012 | $19M | $0 | $18.2M | $3.8M | $2.1M |
| 2011 | $13.2M | $1.7M | $10.5M | $4.4M | $1.4M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| $0 |
| $7,595 |
| $407K |
| Stephen Wynn | Executive Director Of Recruitment | 40 | $288.1K | $0 | $30K | $318.1K |
| Katarzyna Bachnik | Faculty | 40 | $291.7K | $0 | $14.8K | $306.5K |
Stephen Wynn
Executive Director Of Recruitment
$318.1K
Hrs/Wk
40
Compensation
$288.1K
Related Orgs
$0
Other
$30K
Katarzyna Bachnik
Faculty
$306.5K
Hrs/Wk
40
Compensation
$291.7K
Related Orgs
$0
Other
$14.8K
| 2 |
| $0 |
| $0 |
| $0 |
| $0 |
| Dr David Collis | Director | 2 | $0 | $0 | $0 | $0 |
| James Sintros Esq | Director | 2 | $0 | $0 | $0 | $0 |
| Nicholas Barber | Director | 2 | $0 | $0 | $0 | $0 |
| Philip Hult | Director | 2 | $0 | $0 | $0 | $0 |
| Rebecca Walsh | Director | 2 | $0 | $0 | $0 | $0 |
Deming Chen
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Dr Christopher Ahlberg
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Dr Craig Burns
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Dr David Collis
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
James Sintros Esq
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Nicholas Barber
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Philip Hult
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Rebecca Walsh
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0