Civic Intelligence

Granite State Management and Resources

990 • Fiscal year 2016 • EIN 02-0404239

Oct 01, 2015 to Sep 30, 2016 • Filed on Feb 10, 2017

Organization Profilewww.gsmr.org

View Organization Page

4 Barrell Court PO Box 2087Concord, NH 03302-2087

(603) 225-5867

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.12x

Higher debt load relative to assets than 33% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

46th percentile

0.29x

Higher debt load relative to revenue than 46% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

13th percentile

-15%

Higher net margin than 13% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

87th percentile

$616,162

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

35th percentile

-0.6%

Faster asset growth than 35% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

37th percentile

-1.1%

Faster revenue growth than 37% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$43,195,666

Down $276,133 (-0.6%) from 2015

Net Assets

Down

$38,144,506

Down $914,804 (-2.3%) from 2015

Liabilities

Up

$5,051,160

Up $638,671 (+14%) from 2015

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin13th percentile

Revenue

Down

$17,456,150

Down $193,481 (-1.1%) from 2015

Expenses

Down

$20,021,276

Down $54,386 (-0.3%) from 2015

Net Income

Down

-$2,565,126

Down $139,095 (-5.7%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

$60M$40M$20M$0Assets 2010: $45,670,412Liabilities 2010: $5,850,847Net Assets 2010: $39,819,5652010Assets 2011: $43,821,545Liabilities 2011: $3,982,136Net Assets 2011: $39,839,4092011Assets 2012: $47,053,579Liabilities 2012: $4,202,426Net Assets 2012: $42,851,1532012Assets 2013: $47,698,308Liabilities 2013: $4,389,687Net Assets 2013: $43,308,6212013Assets 2014: $46,614,337Liabilities 2014: $3,454,586Net Assets 2014: $43,159,7512014Assets 2015: $43,471,799Liabilities 2015: $4,412,489Net Assets 2015: $39,059,3102015Assets 2016: $43,195,666Liabilities 2016: $5,051,160Net Assets 2016: $38,144,5062016Assets 2017: $44,601,259Liabilities 2017: $5,498,575Net Assets 2017: $39,102,6842017Assets 2018: $44,165,455Liabilities 2018: $5,483,669Net Assets 2018: $38,681,7862018Assets 2019: $46,001,608Liabilities 2019: $5,253,590Net Assets 2019: $40,748,0182019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2016

Assets$43,195,666
Liabilities$5,051,160
Net Assets$38,144,506
Open 2016 Filing

Operations Trend

Revenue Growth37th percentile

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

$30M$20M$10M$0-$10MExpenses 2010: $21,517,9702010Expenses 2011: $17,323,4252011Expenses 2012: $15,956,9782012Revenue 2013: $20,586,505Expenses 2013: $20,550,594Net Income 2013: $35,9112013Revenue 2014: $18,979,240Expenses 2014: $19,307,445Net Income 2014: -$328,2052014Revenue 2015: $17,649,631Expenses 2015: $20,075,662Net Income 2015: -$2,426,0312015Revenue 2016: $17,456,150Expenses 2016: $20,021,276Net Income 2016: -$2,565,1262016Revenue 2017: $20,187,218Expenses 2017: $20,819,029Net Income 2017: -$631,8112017Revenue 2018: $27,601,298Expenses 2018: $22,851,118Net Income 2018: $4,750,1802018Revenue 2019: $27,392,450Expenses 2019: $25,009,344Net Income 2019: $2,383,1062019Revenue 2020: $15,096,637Expenses 2020: $14,117,900Net Income 2020: $978,7372020

Highlighted filing

2016

Revenue$17,456,150
Expenses$20,021,276
Net Income-$2,565,126
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Feb 10, 2017
Return Version
2015v3.0
Gross Receipts
$31,425,270
Mission and Program Overview

Mission

Administrator/servicer of student loans

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$36,343,680$35,055,220▼ $1,288,460
Land, Buildings, and Equipment, Net$4,809,557$4,479,873▼ $329,684
Accounts Receivable$1,190,440$1,805,825▲ $615,385
Savings and Temporary Cash Investments$868,830$1,451,022▲ $582,192
Investments Other Securities-$251,000-
Prepaid Expenses and Deferred Charges$140,648$45,878▼ $94,770
Investments Program Related$0--
Total Assets$43,471,799$43,195,666▼ $276,133
Other Assets Total$118,644$106,848▼ $11,796
Liabilities
Accounts Payable and Accrued Expenses$3,412,489$4,051,160▲ $638,671
Other Liabilities$1,000,000$1,000,000→ $0
Total Liabilities$4,412,489$5,051,160▲ $638,671
Net Assets / Fund Balance
Unrestricted Net Assets$39,059,310$38,144,506▼ $914,804
Total Net Assets Fund Balance$39,059,310$38,144,506▼ $914,804
Total Liabilities and Net Assets / Fund Balance$43,471,799$43,195,666▼ $276,133

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,672,853$6,261,197$8,934,050
Equipment$1,119,433$3,581,635$4,701,068
Land$687,587-$687,587
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rene A DrouinPresident & CEOPT$349,484$98,481$447,965
Dean A GrondinVice President & CFOPT$200,378$31,511$231,889
Jason GoldenVice President & CIO/COOFT$183,398$37,606$221,004
Christine B WilliamsSVP, Servicing Op. (until Feb. 2016)FT$158,043$21,296$179,339
Kristine J BelleroseVP, Human ResourcesFT$120,040$32,300$152,340
Stephanie ButtrickVP & CPOFT$120,797$25,602$146,399
Tony J McBeeVP, Info ServicesFT$130,823$11,762$142,585
Robert D WoodburnAVP, Project ManagementFT$116,944$18,838$135,782

Board Members and Trustees

NameTitle
Cornelius JoyceChairman
Anthony ChismarkVice Chairman
Brad PoznanskiTrustee
Clinton Hanson JrTrustee
Robert TuvesonTrustee
Gerald LittleTrustee (until July 2016)
Thomas HorganSecretary
Charles RolecekTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Nelnet Servicing LLCLoan servicingPO Box 82561, Lincoln, NE 68501$2,671,881
Baker Newman NoyesAuditing/Tax servicesPO Box 507, Portland, ME 04112$252,245
FH Cann & Associates IncCollections Services1600 Osgood Street, North Andover, MA 01845$121,166
Revenue and Support

Revenue Composition

Contributions and Grants
$26,982
Program Service Revenue
$16,403,363
Investment Income
$1,025,805
Other Revenue
$0
All Other Contributions
$26,982
Change in Net Assets
$-2,565,126

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,456,150
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,650,322
Total Revenue per Audited Statements
$19,106,472
Total Revenue per Form 990
$17,456,150
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,056,323
Other Expenses$6,902,721
Grants and Similar Amounts Paid$62,232
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,608,196$358,675-$8,966,871
Other Employee Benefits$1,799,142$317,496-$2,116,638
Information Technology$2,049,692$43,058-$2,092,750
Office Expenses$1,357,513$150,835-$1,508,348
Depreciation Depletion$797,090$199,272-$996,362
Current Officers, Directors, Trustees, and Key Employees-$900,858-$900,858
Payroll Taxes$614,549$108,450-$722,999
All Other Expenses$474,141$151,089-$625,230
Occupancy$487,258$121,815-$609,073
Pension Plan Contributions$279,166$69,791-$348,957
Fees for Services Accounting-$270,850-$270,850
Fees for Services Legal-$230,322-$230,322
Advertising$183,552$15,961-$199,513
Insurance$126,787$54,337-$181,124
Fees for Service Investment Mgmnt Fees$74,956$49,971-$124,927
Travel$51,378$12,844-$64,222
Grants to Domestic Individuals$62,232--$62,232
Total Functional Expenses$16,965,652$3,055,624$0$20,021,276

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$20,021,276
Total Expenses per Audited Statements$20,021,276
Total Expenses per Form 990$20,021,276
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Reserve for loan losses$1,000,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

“A copy of the Form 990 was emailed to the board before filing. Board members had the opportunity to review the form and ask questions or request clarifications.”

Form 990, Part VI, Section B, line 12C

“Any conflicts of interest revealed in the annual survey or at any time throughout the year are addressed promptly and appropriately.”

Form 990, Part VI, Section B, line 15

“An on-going internal review of salaries is conducted by Human Resources Management using salary surveys from local and national resources to compare salaries for positions in the organization to local market data. The compensation structure is adjusted based on the results of these reviews. An independent consultant completed the Affirmative Action Plan, which included a review of salary and hiring practices to ensure nondiscrimination. For CEO compensation, the independent compensation consultant conducted an independent review of CEO salaries as it relates to organizations of GSM&R's size, structure, and composition of assets. The firm then indicated its opinion of the CEO's compensation package to the Chairman of the Board of GSM&R as well as the Chairman of the Compensation committee.”

Form 990, Part VI, Section C, line 19

“The organization will make its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Granite State Management and Resources
EIN
02-0404239
Phone
6032255867
Address
4 Barrell Court PO Box 2087, Concord, NH 03302-2087

Signing Officer

Name
Rene a Drouin
Title
President & CEO
Phone
6032255867
Signed
2017-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rene A Drouin
Formed
1986
Legal Domicile
Nh
Voting Board Members
7
Independent Board Members
7
Employees
204
Volunteers
8

Preparer

Firm
Baker Newman & Noyes
Address
PO Box 507, Portland, ME 04112
Preparer
E Drew Cheney
Phone
2078792100
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“The Company has received a determination letter from the Internal Revenue Service (IRS) stating that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code (the Code). Accordingly, no provision for income taxes has been included in the financial statements. Tax-exempt organizations could be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items including unrelated business income or tax status. Under guidance issued by the Financial Accounting Standards Board, assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. Estimated interest and penalties, if applicable, related to uncertain tax positions are included as a component of income tax expense. GBS is a for-profit corporation and is subject to federal and state tax laws, as applicable. There was no provision for income taxes for the year ended September 30, 2016. There are no significant deferred tax assets or liabilities. GBS has concluded there are no significant uncertain tax positions requiring disclosure and there is no material liability for unrecognized tax benefits. The Company has evaluated the positions taken on its filed tax returns. The Company has concluded no uncertain income tax positions exist at September 30, 2016 or 2015.”

Raw XML AppendixShowing 400 of 732 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm3Robert Tuveson
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IRS990/Form990PartVIISectionAGrp/PersonNm6Charles Rolecek
IRS990/Form990PartVIISectionAGrp/PersonNm7Thomas Horgan
IRS990/Form990PartVIISectionAGrp/PersonNm8Rene A Drouin
IRS990/Form990PartVIISectionAGrp/PersonNm9Dean A Grondin
IRS990/Form990PartVIISectionAGrp/PersonNm10Jason Golden
IRS990/Form990PartVIISectionAGrp/PersonNm11Christine B Williams
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IRS990/Form990PartVIISectionAGrp/PersonNm14Stephanie Buttrick
IRS990/Form990PartVIISectionAGrp/PersonNm15Robert D Woodburn
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8420289
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9217108
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10193098
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11166143
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12126465
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13130823
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14120797
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15116944
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt8148197
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt950000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee (until July 2016)
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt6Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9Vice President & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt10Vice President & CIO/COO
IRS990/Form990PartVIISectionAGrp/TitleTxt11SVP, Servicing Op. (until Feb. 2016)
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP, Human Resources
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP, Info Services
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP & CPO
IRS990/Form990PartVIISectionAGrp/TitleTxt15AVP, Project Management
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0212912
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt062232
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt062232
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt062232
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt014182032
IRS990/GrossReceiptsAmt031425270
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt016
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt043058
IRS990/InformationTechnologyGrp/ProgramServicesAmt02049692
IRS990/InformationTechnologyGrp/TotalAmt02092750
IRS990/InsuranceGrp/ManagementAndGeneralAmt054337
IRS990/InsuranceGrp/ProgramServicesAmt0126787
IRS990/InsuranceGrp/TotalAmt0181124
IRS990/InvestmentIncomeGrp/ExclusionAmt0812893
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0812893
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0251000
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt036343680
IRS990/InvestmentsPubTradedSecGrp/EOYAmt035055220
IRS990/IRPDocumentCnt046299
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09842832
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04809557
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04479873
IRS990/LandBldgEquipCostOrOtherBssAmt014322705
IRS990/LegalDomicileStateCd0NH
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt013969120
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Administrator/servicer of student loans
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt039059310
IRS990/NetAssetsOrFundBalancesEOYAmt038144506
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0212912
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0212912
IRS990/NetUnrelatedBusTxblIncmAmt09200
IRS990/NetUnrlzdGainsLossesInvstAmt01650322
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0121815
IRS990/OccupancyGrp/ProgramServicesAmt0487258
IRS990/OccupancyGrp/TotalAmt0609073
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0150835
IRS990/OfficeExpensesGrp/ProgramServicesAmt01357513
IRS990/OfficeExpensesGrp/TotalAmt01508348
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0118644
IRS990/OtherAssetsTotalGrp/EOYAmt0106848
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0317496
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01799142
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02116638
IRS990/OtherLiabilitiesGrp/BOYAmt01000000
IRS990/OtherLiabilitiesGrp/EOYAmt01000000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0358675
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08608196
IRS990/OtherSalariesAndWagesGrp/TotalAmt08966871
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0108450
IRS990/PayrollTaxesGrp/ProgramServicesAmt0614549
IRS990/PayrollTaxesGrp/TotalAmt0722999
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt069791
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0279166
IRS990/PensionPlanContributionsGrp/TotalAmt0348957
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0140648
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt045878
IRS990/PrincipalOfficerNm0Rene A Drouin
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/BusinessCd1561000
IRS990/ProgramServiceRevenueGrp/Desc0Service fees
IRS990/ProgramServiceRevenueGrp/Desc1Contracted services
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt013113463
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13133900
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013113463
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13289900
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0156000
IRS990/ProgSrvcAccomActy2Grp/Desc0Service education loan programs
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt013810040
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt012997891
IRS990/ProgSrvcAccomActy3Grp/Desc0Administer the loan origination program for NH Higher Education Loan Corporation
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01034905
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01137315
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt025500
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt062500
IRS990/PYInvestmentIncomeAmt01690463
IRS990/PYOtherExpensesAmt06861999
IRS990/PYOtherRevenueAmt0318880
IRS990/PYProgramServiceRevenueAmt015614788
IRS990/PYRevenuesLessExpensesAmt0-2426031
IRS990/PYSalariesCompEmpBnftPaidAmt013151163
IRS990/PYTotalExpensesAmt020075662
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt017649631
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2565126
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02112157
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0868830
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01451022
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt026982
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt025500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt022000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0870737
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0920115
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01865334
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0812893
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0946785
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01029084
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01112887
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01145874
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05047523
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt016247363
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt015993668
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt015991831
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt018051282
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt014802965
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt081087109
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0968893
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0946785
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01029084
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01112887

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$43,195,666
Liabilities
$5,051,160
Net assets
$38,144,506
Revenue
$17,456,150
Expenses
$20,021,276
Net income
-$2,565,126
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$15.1$14.1$0.98
2019Detailed filing. Detailed filing data is available for this year.$46.0$5.25$40.7$27.4$25.0$2.38
2018Detailed filing. Detailed filing data is available for this year.$44.2$5.48$38.7$27.6$22.9$4.75
2017Detailed filing. Detailed filing data is available for this year.$44.6$5.50$39.1$20.2$20.8$0.63
2016Detailed filing. Detailed filing data is available for this year.$43.2$5.05$38.1$17.5$20.0$2.57
2015Detailed filing. Detailed filing data is available for this year.$43.5$4.41$39.1$17.6$20.1$2.43
2014Detailed filing. Detailed filing data is available for this year.$46.6$3.45$43.2$19.0$19.3$0.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.7$4.39$43.3$20.6$20.6$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.1$4.20$42.9$16.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.8$3.98$39.8$17.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.7$5.85$39.8$21.5