Civic Intelligence

Granite State Management and Resources

990 • Fiscal year 2017 • EIN 02-0404239

Oct 01, 2016 to Sep 30, 2017 • Filed on Feb 13, 2018

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

35th percentile

0.12x

Higher debt load relative to assets than 35% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

47th percentile

0.27x

Higher debt load relative to revenue than 47% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

23rd percentile

-3.1%

Higher net margin than 23% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

86th percentile

$555,427

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

43rd percentile

3.3%

Faster asset growth than 43% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

72nd percentile

16%

Faster revenue growth than 72% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets35th percentile

Assets

Up

$44,601,259

Up $1,405,593 (+3.3%) from 2016

Net Assets

Up

$39,102,684

Up $958,178 (+2.5%) from 2016

Liabilities

Up

$5,498,575

Up $447,415 (+8.9%) from 2016

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin23rd percentile

Revenue

Up

$20,187,218

Up $2,731,068 (+16%) from 2016

Expenses

Up

$20,819,029

Up $797,753 (+4.0%) from 2016

Net Income

Up

-$631,811

Up $1,933,315 (+75%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth43rd 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

2017

Assets$44,601,259
Liabilities$5,498,575
Net Assets$39,102,684
Open 2017 Filing

Operations Trend

Revenue Growth72nd 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

2017

Revenue$20,187,218
Expenses$20,819,029
Net Income-$631,811
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Feb 13, 2018
Return Version
2016v3.0
Gross Receipts
$30,812,231
Mission and Program Overview

Mission

Administrator/servicer of student loans

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$35,055,220$36,064,740▲ $1,009,520
Land, Buildings, and Equipment, Net$4,479,873$4,059,080▼ $420,793
Savings and Temporary Cash Investments$1,451,022$2,110,599▲ $659,577
Accounts Receivable$1,805,825$1,544,785▼ $261,040
Investments Other Securities$251,000$661,000▲ $410,000
Prepaid Expenses and Deferred Charges$45,878$44,393▼ $1,485
Total Assets$43,195,666$44,601,259▲ $1,405,593
Other Assets Total$106,848$116,662▲ $9,814
Liabilities
Accounts Payable and Accrued Expenses$4,051,160$4,498,575▲ $447,415
Other Liabilities$1,000,000$1,000,000→ $0
Total Liabilities$5,051,160$5,498,575▲ $447,415
Net Assets / Fund Balance
Unrestricted Net Assets$38,144,506$39,102,684▲ $958,178
Total Net Assets Fund Balance$38,144,506$39,102,684▲ $958,178
Total Liabilities and Net Assets / Fund Balance$43,195,666$44,601,259▲ $1,405,593

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,254,305$6,716,306$8,970,611
Equipment$1,117,188$3,899,618$5,016,806
Land$687,587-$687,587
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rene A DrouinPresident & CEOPT$357,493$177,934$535,427
Dean A GrondinVice President & CFOPT$204,454$83,672$288,126
Jason GoldenVice President & CIO/COOFT$188,715$39,097$227,812
Stephanie ButtrickVP & COOFT$142,146$36,213$178,359
Dan CoughlanVP FinanceFT$105,028$51,561$156,589
Kristine J BelleroseVP, Human ResourcesFT$122,758$33,217$155,975
Tony J McBeeVP Info ServicesFT$135,396$13,892$149,288
Christine B WilliamsFormer Highest Compensated-$19,071$124,326$143,397
Sara TremaineVP Guarantor ServicesFT$121,096$7,126$128,222
Michael LevasseurVP ComplianceFT$121,424$6,531$127,955

Board Members and Trustees

NameTitle
Cornelius JoyceChairman
Anthony ChismarkVice Chairman
Brad PoznanskiTrustee
Clinton Hanson JrTrustee
Matthew CooksonTrustee
Sandra TracyTrustee
Robert TuvesonTrustee (until Feb 2017)
Thomas HorganSecretary
Charles RolecekTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Nelnet Servicing LLCLoan servicingPO Box 82561, Lincoln, NE 68501$2,726,522
Baker Newman NoyesAuditing/Tax servicesPO Box 507, Portland, ME 04112$273,536
Adapt Telephony Services LLCTelephony Consulting600 Enterprise Drive Suite 204, Oak Brook, IL 60523$116,521
FH Cann & Associates IncCollections Services1600 Osgood Street, North Andover, MA 01845$110,261
The Nagler GroupTemporary StaffingPO Box 204653, Dallas, TX 75320-4653$108,770
Revenue and Support

Revenue Composition

Contributions and Grants
$66,426
Program Service Revenue
$18,195,040
Investment Income
$1,925,752
Other Revenue
$0
All Other Contributions
$46,276
Change in Net Assets
$-631,811

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,187,218
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,589,989
Total Revenue per Audited Statements
$21,777,207
Total Revenue per Form 990
$20,187,218
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,310,143
Other Expenses$7,453,886
Grants and Similar Amounts Paid$55,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,383,875$349,328-$8,733,203
Information Technology$2,747,256$44,885-$2,792,141
Other Employee Benefits$1,893,787$334,198-$2,227,985
Office Expenses$1,722,904$350,430-$2,073,334
Current Officers, Directors, Trustees, and Key Employees-$1,229,725-$1,229,725
Depreciation Depletion$859,521$214,880-$1,074,401
Payroll Taxes$605,412$106,837-$712,249
Occupancy$431,681$107,920-$539,601
Pension Plan Contributions$325,585$81,396-$406,981
Fees for Services Accounting-$270,761-$270,761
Insurance$123,392$52,882-$176,274
Advertising$139,510$12,131-$151,641
Fees for Services Legal-$148,603-$148,603
Fees for Service Investment Mgmnt Fees$75,200$50,134-$125,334
Travel$80,285$20,071-$100,356
Grants to Domestic Individuals$55,000--$55,000
Conferences and Meetings$1,152$288-$1,440
Total Functional Expenses$17,444,560$3,374,469$0$20,819,029

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$20,819,029
Total Expenses per Audited Statements$20,819,029
Total Expenses per Form 990$20,819,029
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 11B

“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
2018-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rene A Drouin
Formed
1986
Legal Domicile
Nh
Voting Board Members
8
Independent Board Members
8
Employees
194
Volunteers
9

Preparer

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

Financial Statement Notes

Part X, Line 2:

“Granite State 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. GBS is a for-profit corporation and is subject to federal and state tax laws, as applicable. Under this method, deferred tax assets and liabilities are established for temporary differences between the accounting basis and the tax basis of GBS's assets and liabilities at enacted tax rates expected to be in effect when the accounts related to such temporary differences are realized or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the period that includes the enactment date. GBS records a valuation allowance against any deferred tax assets when it determines it is unlikely that the tax asset will be realized. See note 7. 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. 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, 2017 or 2016.”

Raw XML AppendixShowing 400 of 809 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/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt952096
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1018753
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1132819
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1230811
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1313892
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1422616
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1528482
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt166531
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt177126
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt185534
IRS990/Form990PartVIISectionAGrp/PersonNm0Matthew Cookson
IRS990/Form990PartVIISectionAGrp/PersonNm1Clinton Hanson Jr
IRS990/Form990PartVIISectionAGrp/PersonNm2Brad Poznanski
IRS990/Form990PartVIISectionAGrp/PersonNm3Sandra Tracy
IRS990/Form990PartVIISectionAGrp/PersonNm4Robert Tuveson
IRS990/Form990PartVIISectionAGrp/PersonNm5Cornelius Joyce
IRS990/Form990PartVIISectionAGrp/PersonNm6Anthony Chismark
IRS990/Form990PartVIISectionAGrp/PersonNm7Charles Rolecek
IRS990/Form990PartVIISectionAGrp/PersonNm8Thomas Horgan
IRS990/Form990PartVIISectionAGrp/PersonNm9Rene A Drouin
IRS990/Form990PartVIISectionAGrp/PersonNm10Dean A Grondin
IRS990/Form990PartVIISectionAGrp/PersonNm11Jason Golden
IRS990/Form990PartVIISectionAGrp/PersonNm12Stephanie Buttrick
IRS990/Form990PartVIISectionAGrp/PersonNm13Tony J McBee
IRS990/Form990PartVIISectionAGrp/PersonNm14Dan Coughlan
IRS990/Form990PartVIISectionAGrp/PersonNm15Kristine J Bellerose
IRS990/Form990PartVIISectionAGrp/PersonNm16Michael Levasseur
IRS990/Form990PartVIISectionAGrp/PersonNm17Sara Tremaine
IRS990/Form990PartVIISectionAGrp/PersonNm18Christine B Williams
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/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9503331
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10269373
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11194993
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12147548
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13135396
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14133973
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15127493
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16121424
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17121096
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18137863
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/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee (until Feb 2017)
IRS990/Form990PartVIISectionAGrp/TitleTxt5Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt7Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt8Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt9President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10Vice President & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt11Vice President & CIO/COO
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP & COO
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP Info Services
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP, Human Resources
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP Compliance
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP Guarantor Services
IRS990/Form990PartVIISectionAGrp/TitleTxt18Former Highest Compensated
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt01179567
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt020150
IRS990/GrantAmt055000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt055000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt055000
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt011804580
IRS990/GrossReceiptsAmt030812231
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt016
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt044885
IRS990/InformationTechnologyGrp/ProgramServicesAmt02747256
IRS990/InformationTechnologyGrp/TotalAmt02792141
IRS990/InsuranceGrp/ManagementAndGeneralAmt052882
IRS990/InsuranceGrp/ProgramServicesAmt0123392
IRS990/InsuranceGrp/TotalAmt0176274
IRS990/InvestmentIncomeGrp/ExclusionAmt0746185
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0746185
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0251000
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0661000
IRS990/InvestmentsPubTradedSecGrp/BOYAmt035055220
IRS990/InvestmentsPubTradedSecGrp/EOYAmt036064740
IRS990/IRPDocumentCnt039977
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt010615924
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04479873
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04059080
IRS990/LandBldgEquipCostOrOtherBssAmt014675004
IRS990/LegalDomicileStateCd0NH
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt010625013
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/NetAssetsOrFundBalancesBOYAmt038144506
IRS990/NetAssetsOrFundBalancesEOYAmt039102684
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01179567
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01179567
IRS990/NetUnrelatedBusTxblIncmAmt024243
IRS990/NetUnrlzdGainsLossesInvstAmt01589989
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0107920
IRS990/OccupancyGrp/ProgramServicesAmt0431681
IRS990/OccupancyGrp/TotalAmt0539601
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0350430
IRS990/OfficeExpensesGrp/ProgramServicesAmt01722904
IRS990/OfficeExpensesGrp/TotalAmt02073334
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0106848
IRS990/OtherAssetsTotalGrp/EOYAmt0116662
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0334198
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01893787
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02227985
IRS990/OtherLiabilitiesGrp/BOYAmt01000000
IRS990/OtherLiabilitiesGrp/EOYAmt01000000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0349328
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08383875
IRS990/OtherSalariesAndWagesGrp/TotalAmt08733203
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0106837
IRS990/PayrollTaxesGrp/ProgramServicesAmt0605412
IRS990/PayrollTaxesGrp/TotalAmt0712249
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt081396
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0325585
IRS990/PensionPlanContributionsGrp/TotalAmt0406981
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt045878
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt044393
IRS990/PrincipalOfficerNm0Rene A Drouin
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/BusinessCd1561000
IRS990/ProgramServiceRevenueGrp/Desc0Service fees
IRS990/ProgramServiceRevenueGrp/Desc1Contracted services
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt015154540
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12652400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt015154540
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13040500
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0388100
IRS990/ProgSrvcAccomActy2Grp/Desc0Service education loan programs
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt014827876
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt015135899
IRS990/ProgSrvcAccomActy3Grp/Desc0Administer the loan origination program for NH Higher Education Loan Corporation
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01046674
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01068416
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt026982
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt062232
IRS990/PYInvestmentIncomeAmt01025805
IRS990/PYOtherExpensesAmt06902721
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt016403363
IRS990/PYRevenuesLessExpensesAmt0-2565126
IRS990/PYSalariesCompEmpBnftPaidAmt013056323
IRS990/PYTotalExpensesAmt020021276
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt017456150

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$44,601,259
Liabilities
$5,498,575
Net assets
$39,102,684
Revenue
$20,187,218
Expenses
$20,819,029
Net income
-$631,811
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