Civic Intelligence

Granite State Management and Resources

990 • Fiscal year 2018 • EIN 02-0404239

Oct 01, 2017 to Sep 30, 2018 • Filed on Feb 14, 2019

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

32nd percentile

0.12x

Higher debt load relative to assets than 32% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

33rd percentile

0.20x

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

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Net Margin

74th percentile

17%

Higher net margin than 74% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

83rd percentile

$812,120

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Asset Growth

31st percentile

-1.0%

Faster asset growth than 31% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

86th percentile

37%

Faster revenue growth than 86% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Down

$44,165,455

Down $435,804 (-1.0%) from 2017

Net Assets

Down

$38,681,786

Down $420,898 (-1.1%) from 2017

Liabilities

Down

$5,483,669

Down $14,906 (-0.3%) from 2017

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin74th percentile

Revenue

Up

$27,601,298

Up $7,414,080 (+37%) from 2017

Expenses

Up

$22,851,118

Up $2,032,089 (+9.8%) from 2017

Net Income

Up

$4,750,180

Up $5,381,991 (+852%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth31st 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

2018

Assets$44,165,455
Liabilities$5,483,669
Net Assets$38,681,786
Open 2018 Filing

Operations Trend

Revenue Growth86th 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

2018

Revenue$27,601,298
Expenses$22,851,118
Net Income$4,750,180
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Feb 14, 2019
Return Version
2017v2.3
Gross Receipts
$59,417,399
Mission and Program Overview

Mission

Administrator/servicer of student loans

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$36,064,740$34,875,807▼ $1,188,933
Land, Buildings, and Equipment, Net$4,059,080$3,912,339▼ $146,741
Accounts Receivable$1,544,785$3,047,265▲ $1,502,480
Savings and Temporary Cash Investments$2,110,599$2,277,683▲ $167,084
Investments Other Securities$661,000--
Prepaid Expenses and Deferred Charges$44,393$51,361▲ $6,968
Cash and Non-Interest-Bearing Accounts-$1,000-
Total Assets$44,601,259$44,165,455▼ $435,804
Other Assets Total$116,662$0▼ $116,662
Liabilities
Accounts Payable and Accrued Expenses$4,498,575$4,483,669▼ $14,906
Other Liabilities$1,000,000$1,000,000→ $0
Total Liabilities$5,498,575$5,483,669▼ $14,906
Net Assets / Fund Balance
Unrestricted Net Assets$39,102,684$38,681,786▼ $420,898
Total Net Assets Fund Balance$39,102,684$38,681,786▼ $420,898
Total Liabilities and Net Assets / Fund Balance$44,601,259$44,165,455▼ $435,804

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,989,766$7,133,617$9,123,383
Equipment$1,234,986$4,294,969$5,529,955
Land$687,587-$687,587
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rene A DrouinPresident & CEOPT$362,306$395,067$757,373
Dean A GrondinVP & CFOPT$209,996$34,249$244,245
Stephanie ButtrickVP & COO (end 5/18)FT$165,588$38,318$203,906
Tony J McBeeVP & CIOFT$150,895$18,556$169,451
Kristine J BelleroseVP Human Resources (end 5/18)FT$125,891$35,685$161,576
Jason GoldenFormer VP & CIO/COO (end 7/17)-$107,591$50,505$158,096
Christopher ToppinManager, IS OperationsFT$111,215$29,922$141,137
Carlton LewisSoftware Development ArchitectFT$110,679$29,927$140,606
Robert WoodburnAVP Project ManagementFT$124,219$15,336$139,555
David GoodmanBSA IS LeadFT$108,810$28,903$137,713
Sara TremaineVP & Chief Servicing OfficerFT$126,952$7,763$134,715

Board Members and Trustees

NameTitle
Cornelius JoyceChairman
Anthony ChismarkVice Chairman
Brad PoznanskiTrustee
Clinton Hanson JrTrustee
Matthew CooksonTrustee
Sandra TracyTrustee
Thomas HorganSecretary
Charles RolecekTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Nelnet Servicing LLCLoan servicingPO Box 82561, Lincoln, NE 68501$3,971,843
Baker Newman NoyesAuditing/Tax servicesPO Box 507, Portland, ME 04112$250,204
Adapt Telephony Serv LLCTelephony Consulting600 Enterprise Drive Suite 204, Oak Brook, IL 60523$168,071
Sulloway & Hollis PLLCLegal Services9 Capitol Street, Concord, NH 03301$146,247
ENE Systems of NHHVAC Services155 River Road, Bow, NH 03304$133,202
Revenue and Support

Revenue Composition

Contributions and Grants
$77,161
Program Service Revenue
$21,144,255
Investment Income
$6,379,882
Other Revenue
$0
All Other Contributions
$57,013
Change in Net Assets
$4,750,180

Audited Revenue Reconciliation

Revenue per Audited Statements
$27,601,298
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-3,991,381
Total Revenue per Audited Statements
$23,609,917
Total Revenue per Form 990
$27,601,298
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,724,583
Other Expenses$9,080,535
Grants and Similar Amounts Paid$46,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,959,810$331,655-$8,291,465
Information Technology$3,683,463$59,484-$3,742,947
Office Expenses$2,063,056$484,910-$2,547,966
Current Officers, Directors, Trustees, and Key Employees-$2,323,631-$2,323,631
Other Employee Benefits$1,746,761$308,252-$2,055,013
Depreciation Depletion$885,894$221,473-$1,107,367
Payroll Taxes$639,262$112,811-$752,073
Occupancy$473,845$118,461-$592,306
Fees for Services Legal-$304,250-$304,250
Pension Plan Contributions$241,921$60,480-$302,401
Fees for Services Accounting-$263,504-$263,504
Insurance$116,730$50,027-$166,757
Advertising$118,850$10,335-$129,185
Travel$95,482$23,870-$119,352
Fees for Service Investment Mgmnt Fees$64,141$42,760-$106,901
Grants to Domestic Individuals$46,000--$46,000
Total Functional Expenses$18,135,215$4,715,903$0$22,851,118

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$22,851,118
Total Expenses per Audited Statements$22,851,118
Total Expenses per Form 990$22,851,118
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
Yes
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
Christiana Thornton
Title
President & CEO
Phone
6032255867
Signed
2019-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christiana Thornton
Formed
1986
Legal Domicile
Nh
Voting Board Members
8
Independent Board Members
8
Employees
210
Volunteers
8

Preparer

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

Additional Explanations

Form 990, Part XI, line 9:

“Loss from Discontinued Operations -1,179,697.”

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 consolidated 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. Through the date of its dissolution, as described in note 1, GBS was a for-profit corporation and is subject to federal and state tax laws, as applicable. GBS used the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities were 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 was recognized in the period that included the enactment date. GBS recorded a valuation allowance against any deferred tax assets when it determined it was unlikely that the tax asset would be realized. Under guidance issued by the Financial Accounting Standards Board (FASB), 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, 2018 or 2017.”

Raw XML AppendixShowing 400 of 799 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/OfficerInd8X
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/OtherCompensationAmt888663
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt918317
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1031428
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1113206
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt127763
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1330795
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1415336
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1529927
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1629922
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1728903
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1818711
IRS990/Form990PartVIISectionAGrp/PersonNm0Matthew Cookson
IRS990/Form990PartVIISectionAGrp/PersonNm1Clinton Hanson Jr
IRS990/Form990PartVIISectionAGrp/PersonNm2Brad Poznanski
IRS990/Form990PartVIISectionAGrp/PersonNm3Sandra Tracy
IRS990/Form990PartVIISectionAGrp/PersonNm4Cornelius Joyce
IRS990/Form990PartVIISectionAGrp/PersonNm5Anthony Chismark
IRS990/Form990PartVIISectionAGrp/PersonNm6Charles Rolecek
IRS990/Form990PartVIISectionAGrp/PersonNm7Thomas Horgan
IRS990/Form990PartVIISectionAGrp/PersonNm8Rene A Drouin
IRS990/Form990PartVIISectionAGrp/PersonNm9Dean A Grondin
IRS990/Form990PartVIISectionAGrp/PersonNm10Stephanie Buttrick
IRS990/Form990PartVIISectionAGrp/PersonNm11Tony J McBee
IRS990/Form990PartVIISectionAGrp/PersonNm12Sara Tremaine
IRS990/Form990PartVIISectionAGrp/PersonNm13Kristine J Bellerose
IRS990/Form990PartVIISectionAGrp/PersonNm14Robert Woodburn
IRS990/Form990PartVIISectionAGrp/PersonNm15Carlton Lewis
IRS990/Form990PartVIISectionAGrp/PersonNm16Christopher Toppin
IRS990/Form990PartVIISectionAGrp/PersonNm17David Goodman
IRS990/Form990PartVIISectionAGrp/PersonNm18Jason Golden
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/ReportableCompFromOrgAmt8723457
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9225928
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10172478
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11156245
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12126952
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13130781
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14124219
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15110679
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16111215
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17108810
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18139385
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/TitleTxt4Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt6Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9VP & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP & COO (end 5/18)
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP & CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP & Chief Servicing Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP Human Resources (end 5/18)
IRS990/Form990PartVIISectionAGrp/TitleTxt14AVP Project Management
IRS990/Form990PartVIISectionAGrp/TitleTxt15Software Development Architect
IRS990/Form990PartVIISectionAGrp/TitleTxt16Manager, IS Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt17BSA IS Lead
IRS990/Form990PartVIISectionAGrp/TitleTxt18Former VP & CIO/COO (end 7/17)
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt05850035
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt020148
IRS990/GrantAmt046000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt046000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt046000
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt037666136
IRS990/GrossReceiptsAmt059417399
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt016
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt059484
IRS990/InformationTechnologyGrp/ProgramServicesAmt03683463
IRS990/InformationTechnologyGrp/TotalAmt03742947
IRS990/InsuranceGrp/ManagementAndGeneralAmt050027
IRS990/InsuranceGrp/ProgramServicesAmt0116730
IRS990/InsuranceGrp/TotalAmt0166757
IRS990/InvestmentIncomeGrp/ExclusionAmt0529847
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0529847
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0661000
IRS990/InvestmentsPubTradedSecGrp/BOYAmt036064740
IRS990/InvestmentsPubTradedSecGrp/EOYAmt034875807
IRS990/IRPDocumentCnt012274
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt011428586
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04059080
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03912339
IRS990/LandBldgEquipCostOrOtherBssAmt015340925
IRS990/LegalDomicileStateCd0NH
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt031816101
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Administrator/servicer of student loans
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt039102684
IRS990/NetAssetsOrFundBalancesEOYAmt038681786
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt05850035
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt05850035
IRS990/NetUnrelatedBusTxblIncmAmt046586
IRS990/NetUnrlzdGainsLossesInvstAmt0-3991381
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0118461
IRS990/OccupancyGrp/ProgramServicesAmt0473845
IRS990/OccupancyGrp/TotalAmt0592306
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0484910
IRS990/OfficeExpensesGrp/ProgramServicesAmt02063056
IRS990/OfficeExpensesGrp/TotalAmt02547966
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0116662
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-1179697
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0308252
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01746761
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02055013
IRS990/OtherLiabilitiesGrp/BOYAmt01000000
IRS990/OtherLiabilitiesGrp/EOYAmt01000000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0331655
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt07959810
IRS990/OtherSalariesAndWagesGrp/TotalAmt08291465
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0112811
IRS990/PayrollTaxesGrp/ProgramServicesAmt0639262
IRS990/PayrollTaxesGrp/TotalAmt0752073
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt060480
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0241921
IRS990/PensionPlanContributionsGrp/TotalAmt0302401
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt044393
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt051361
IRS990/PrincipalOfficerNm0Christiana Thornton
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/BusinessCd1561000
IRS990/ProgramServiceRevenueGrp/Desc0Service fees
IRS990/ProgramServiceRevenueGrp/Desc1Contracted services
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt018298229
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12457226
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt018298229
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12846026
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0388800
IRS990/ProgSrvcAccomActy2Grp/Desc0Service education loan programs
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt015958989
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt018264800
IRS990/ProgSrvcAccomActy3Grp/Desc0Administer the loan origination program for NH Higher Education Loan Corporation
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01088113
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01245327
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt066426
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt055000
IRS990/PYInvestmentIncomeAmt01925752
IRS990/PYOtherExpensesAmt07453886
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt018195040
IRS990/PYRevenuesLessExpensesAmt0-631811
IRS990/PYSalariesCompEmpBnftPaidAmt013310143
IRS990/PYTotalExpensesAmt020819029
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt020187218
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$44,165,455
Liabilities
$5,483,669
Net assets
$38,681,786
Revenue
$27,601,298
Expenses
$22,851,118
Net income
$4,750,180
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