Civic Intelligence

Chester College of New England

990 • Fiscal year 2014 • EIN 02-0267883

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 10, 2014

Organization ProfileWWW.CHESTERCOLLEGE.EDU
PO Box 370103105-3701

(603) 887-7414

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2014

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2014

Net Margin

100th percentile

126%

Higher net margin than 100% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2012 to 2014

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $4,836,759 (-100%) from 2013

Net Assets

Down

$0

Down $2,785,726 (-100%) from 2013

Liabilities

Down

$0

Down $2,051,033 (-100%) from 2013

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$859,859

Down $958,038 (-976%) from 2013

Expenses

Down

$226,905

Down $802,921 (-78%) from 2013

Net Income

Down

-$1,086,764

Down $155,117 (-17%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $7,600,074Liabilities 2011: $3,057,084Net Assets 2011: $4,542,9902011Assets 2012: $6,268,592Liabilities 2012: $2,383,652Net Assets 2012: $3,884,9402012Assets 2013: $4,836,759Liabilities 2013: $2,051,033Net Assets 2013: $2,785,7262013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2014

Assets$0
Liabilities$0
Net Assets$0
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $4,385,9412011Revenue 2012: $3,751,511Expenses 2012: $4,330,648Net Income 2012: -$579,1372012Revenue 2013: $98,179Expenses 2013: $1,029,826Net Income 2013: -$931,6472013Revenue 2014: -$859,859Expenses 2014: $226,905Net Income 2014: -$1,086,7642014

Highlighted filing

2014

Revenue-$859,859
Expenses$226,905
Net Income-$1,086,764
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 10, 2014
Return Version
2013v3.1
Gross Receipts
$1,999,262
Mission and Program Overview

Mission

A post secondary college offering degree programs which look to provide a unique and creative educational environment that allows students to reach their true potential. The college is now in a shutdown and dissolution phase. The new hampshire state attorney general approved the final dissolution on 4/18/14.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,905,114--
Investments in Publicly Traded Securities$1,740,417--
Cash and Non-Interest-Bearing Accounts$91,512--
Prepaid Expenses and Deferred Charges$61,170--
Inventories for Sale or Use$38,546--
Total Assets$4,836,759$0▼ $4,836,759
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,899,998--
Deferred Revenue$80,000--
Accounts Payable and Accrued Expenses$51,771--
Other Liabilities$19,264--
Total Liabilities$2,051,033$0▼ $2,051,033
Net Assets / Fund Balance
Permanently Rstr Net Assets$3,367,447--
Temporarily Rstr Net Assets$26,994--
Unrestricted Net Assets$-608,715--
Total Net Assets Fund Balance$2,785,726$0▼ $2,785,726
Total Liabilities and Net Assets / Fund Balance$4,836,759$0▼ $4,836,759

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$1,740,417-▲ $51,568$-1,711,985-
2012$2,818,563-▲ $144,249-$1,740,417
2011$3,942,214$65,419▲ $32,587-$2,818,563
2010$3,351,081$100,349▲ $493,995-$3,942,214
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Robert a BainesPresident &PT$12,000$12,000

Board Members and Trustees

NameTitle
James R BennettChair
Matthew J StoverVice Chair/t
Andrew L HadikTrustee
Craig AhlquistTrustee
Debra M Douglas CfmTrustee
Dr Patricia a LynottTrustee
Heidi J CopelandTrustee
Jeremy HitchcockTrustee
Robert W VarneyTrustee
Scott W Ellison EsquireTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$-869,478
Other Revenue
$9,619
Change in Net Assets
$-1,086,764
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$226,905
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$102,048-$102,048
Occupancy-$47,646-$47,646
Fees for Services Legal-$32,098-$32,098
Fees for Services Other-$21,914-$21,914
Fees for Services Accounting-$13,776-$13,776
Office Expenses-$8,123-$8,123
Other Expenses-$1,300-$1,300
Total Functional Expenses$0$226,905$0$226,905
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“A copy of the return was sent to the attorney authorized by the state of new hampshire attorney general's office to oversee the termination of the college and its assets.”

Form 990, Page 6, Part VI, Line 12C

“The college requests annually that the trustees fill out and sign a conflict of interest document”

Form 990, Page 6, Part VI, Line 15A

“President has a written contract that is approved by the board.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

EIN
02-0267883
Phone
6038877414

Signing Officer

Name
Bradford E Cook
Title
Attorney
Phone
6038877414
Signed
2014-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert a Baines President
Formed
1965
Legal Domicile
Nh
Voting Board Members
11
Independent Board Members
10
Employees
0

Preparer

Preparer
Steven R Bourret
Phone
9789571421
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“A post secondary college offering degree programs which look to provide a unique and creative educational environment that allows students to reach their true potential. The college is now in a shutdown and dissolution phase. The new hampshire state attorney general approved the final dissolution on 4/18/14.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 14,327”

Form 990, Part XI, Line 9

“Transfer of endowment to new england college 1,027,191 transfer of endowment to nh institute of art 684,794 ubit tax prepaid 1/29/14 1,300 rounding 4”

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IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0THE SCHOOL CEASED TO BECOME AN OPERATING ENTITY PRIOR TO JUNE 30, 2013. NO FUNDS WERE SOLICIATED AFTER THIS PERIOD. THE COLLEGE WAS TERMINATED ON MARCH 19, 2014.
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE COLLEGE'S RACIALLY NONDISCRIMINATORY POLICY IS PRINTED ON THE PRINTED ADMISSIONS APPLICATION AND ON ITS WEBSITE UNDER ADMISSIONS APPLICATION. THE COLLEGE EFFECTIVELY CEASED ACCEPTING AND EDUCATING STUDENTS AS OF JUNE 30, 2012.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/BondLiabilitiesDischargedInd0false
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0ENDOWMENT FUNDS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1ENDOWMENT FUNDS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02014-03-14
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12014-03-14
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt01027191
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt1684794
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)3
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1501(C)3
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1MARKET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0NEW ENGLAND COLLEGE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm1NEW HAMPSHIRE INSTITUTE OF ART
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1098 BRIDGE STREET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine11148 CONCORD STREET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/City0HENNIKER
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/City1MANCHESTER
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/State0NH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/State1NH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCode003242
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCode103104
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IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0true
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A POST SECONDARY COLLEGE OFFERING DEGREE PROGRAMS WHICH LOOK TO PROVIDE A UNIQUE AND CREATIVE EDUCATIONAL ENVIRONMENT THAT ALLOWS STUDENTS TO REACH THEIR TRUE POTENTIAL. THE COLLEGE IS NOW IN A SHUTDOWN AND DISSOLUTION PHASE. THE NEW HAMPSHIRE STATE ATTORNEY GENERAL APPROVED THE FINAL DISSOLUTION ON 4/18/14.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE RETURN WAS SENT TO THE ATTORNEY AUTHORIZED BY THE STATE OF NEW HAMPSHIRE ATTORNEY GENERAL'S OFFICE TO OVERSEE THE TERMINATION OF THE COLLEGE AND ITS ASSETS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COLLEGE REQUESTS ANNUALLY THAT THE TRUSTEES FILL OUT AND SIGN A CONFLICT OF INTEREST DOCUMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRESIDENT HAS A WRITTEN CONTRACT THAT IS APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOOK / TAX DEPRECIATION DIFFERENCE 14,327
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TRANSFER OF ENDOWMENT TO NEW ENGLAND COLLEGE 1,027,191 TRANSFER OF ENDOWMENT TO NH INSTITUTE OF ART 684,794 UBIT TAX PREPAID 1/29/14 1,300 ROUNDING 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NH
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt026994
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt04836759
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt04836759
IRS990/TotalAssetsGrp/EOYAmt00
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0226905
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0226905
IRS990/TotalGrossUBIAmt09619
IRS990/TotalLiabilitiesBOYAmt02051033
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt02051033
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02785726
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalReportableCompFromOrgAmt012000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-869478
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-859859
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt09619
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04836759
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-608715
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1040 CHESTER STREET
IRS990/USAddress/City0CHESTER
IRS990/USAddress/State0NH
IRS990/USAddress/ZIPCode0030364331
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.CHESTERCOLLEGE.EDU
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRADFORD E COOK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ATTORNEY
ReturnHeader/BusinessOfficerGrp/PhoneNum06038877414
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine10CHESTER COLLEGE OF NEW ENGLAND
ReturnHeader/Filer/BusinessName/BusinessNameLine20C/O MR BRADFORD E COOK ESQUIRE
ReturnHeader/Filer/BusinessNameControlTxt0CHES
ReturnHeader/Filer/EIN0020267883
ReturnHeader/Filer/PhoneNum06038877414
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 3701
ReturnHeader/Filer/USAddress/City0MANCHESTER
ReturnHeader/Filer/USAddress/State0NH
ReturnHeader/Filer/USAddress/ZIPCode0031053701
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263582184
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10CAIN BOURRET JARRY & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine101595 LAKEVIEW AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0DRACUT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode001826
ReturnHeader/PreparerPersonGrp/PhoneNum09789571421
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN R BOURRET
ReturnHeader/ReturnTs02014-11-10T12:05:43-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
-$859,859
Expenses
$226,905
Net income
-$1,086,764
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.86$0.23$1.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.84$2.05$2.79$0.10$1.03$0.93
2012Summary only. Only limited summary data is available for this year.$6.27$2.38$3.88$3.75$4.33$0.58
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.60$3.06$4.54$4.39