Civic Intelligence

Granite State Management and Resources

990 • Fiscal year 2019 • EIN 02-0404239

Oct 01, 2018 to Sep 30, 2019 • Filed on Feb 14, 2020

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

0.11x

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

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

39th percentile

0.19x

Higher debt load relative to revenue than 39% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

66th percentile

8.7%

Higher net margin than 66% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

91st percentile

$753,956

Higher top officer pay than 91% of similar nonprofits.

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

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

50th percentile

4.2%

Faster asset growth than 50% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

34th percentile

-0.8%

Faster revenue growth than 34% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets35th percentile

Assets

Up

$46,001,608

Up $1,836,153 (+4.2%) from 2018

Net Assets

Up

$40,748,018

Up $2,066,232 (+5.3%) from 2018

Liabilities

Down

$5,253,590

Down $230,079 (-4.2%) from 2018

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin66th percentile

Revenue

Down

$27,392,450

Down $208,848 (-0.8%) from 2018

Expenses

Up

$25,009,344

Up $2,158,226 (+9.4%) from 2018

Net Income

Down

$2,383,106

Down $2,367,074 (-50%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth50th 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

2019

Assets$46,001,608
Liabilities$5,253,590
Net Assets$40,748,018
Open 2019 Filing

Operations Trend

Revenue Growth34th 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

2019

Revenue$27,392,450
Expenses$25,009,344
Net Income$2,383,106
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Feb 14, 2020
Return Version
2018v3.1
Gross Receipts
$32,345,358
Mission and Program Overview

Mission

Administrator/servicer of student loans

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$34,875,807$35,679,339▲ $803,532
Savings and Temporary Cash Investments$2,277,683$4,521,902▲ $2,244,219
Land, Buildings, and Equipment, Net$3,912,339$3,386,733▼ $525,606
Accounts Receivable$3,047,265$2,323,613▼ $723,652
Prepaid Expenses and Deferred Charges$51,361$89,021▲ $37,660
Cash and Non-Interest-Bearing Accounts$1,000$1,000→ $0
Total Assets$44,165,455$46,001,608▲ $1,836,153
Liabilities
Accounts Payable and Accrued Expenses$4,483,669$4,253,590▼ $230,079
Other Liabilities$1,000,000$1,000,000→ $0
Total Liabilities$5,483,669$5,253,590▼ $230,079
Net Assets / Fund Balance
Unrestricted Net Assets$38,681,786$40,748,018▲ $2,066,232
Total Net Assets Fund Balance$38,681,786$40,748,018▲ $2,066,232
Total Liabilities and Net Assets / Fund Balance$44,165,455$46,001,608▲ $1,836,153

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,722,604$7,487,469$9,210,073
Equipment$976,542$4,784,593$5,761,135
Land$687,587-$687,587
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rene A DrouinPresident & CEO (end 10/18)PT$379,699$359,257$738,956
Dean A GrondinVP & CFOPT$213,409$38,322$251,731
Tony J McBeeVP & CIO (end 12/18)FT$156,423$23,685$180,108
Sara TremaineVP & CSO (end 4/19)FT$144,750$13,116$157,866
Carlton LewisSoftware Development ArchiFT$114,803$28,314$143,117
Daniel CoughlanVP FinanceFT$115,452$22,201$137,653
Robert WoodburnAVP Project ManagementFT$121,753$13,616$135,369
Robert WilleySoftware Development LeadFT$106,718$27,947$134,665
Michael LevasseurVP ComplianceFT$124,974$7,073$132,047
Tori BerubeVP CCP & Community EngagementFT$117,609$13,939$131,548
Christopher ToppinManager, IS OperationsFT$106,413$24,013$130,426
Barton NichelsonDatabase AdministratorFT$116,304$13,893$130,197
Christiana ThorntonPresident & CEOPT$66,923-$66,923

Board Members and Trustees

NameTitle
Cornelius JoyceChairman
Anthony ChismarkVice Chairman
Brad PoznanskiTrustee
Clinton Hanson JrTrustee
Matthew CooksonTrustee
Sandra TracyTrustee
Jamie BurnettTrustee (start 2/19)
Paul ProvostTrustee (start 2/19)
Thomas HorganSecretary
Charles RolecekTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Nelnet Servicing LLCLoan servicingPO Box 82561, Lincoln, NE 68501$4,059,559
Baker Newman NoyesAuditing/Tax servicesPO Box 507, Portland, ME 04112$248,654
Sulloway & Hollis PLLCLegal Services9 Capitol Street, Concord, NH 03301$179,019
Adapt Telephony Serv LLCTelephony Consulting600 Enterprise Drive Suite 204, Oak Brook, IL 60523$168,071
ENE Systems of NHHVAC Services155 River Road, Bow, NH 03304$133,794
Revenue and Support

Revenue Composition

Contributions and Grants
$95,500
Program Service Revenue
$24,549,159
Investment Income
$1,498,880
Other Revenue
$1,248,911
All Other Contributions
$75,500
Change in Net Assets
$2,383,106

Audited Revenue Reconciliation

Revenue per Audited Statements
$27,269,701
Revenue Not Reported on Financial Statements
$122,749
Revenue Not Reported on Form 990
$-316,874
Total Revenue per Audited Statements
$26,952,827
Total Revenue per Form 990
$27,392,450
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,528,669
Other Expenses$11,407,675
Grants and Similar Amounts Paid$73,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,801,441$671,389-$8,472,830
Information Technology$4,671,892$78,148-$4,750,040
Office Expenses$3,160,630$448,820-$3,609,450
Other Employee Benefits$1,891,779$162,806-$2,054,585
Current Officers, Directors, Trustees, and Key Employees$1,078,099$718,733-$1,796,832
Depreciation Depletion$581,463$408,502-$989,965
Payroll Taxes$678,767$58,414-$737,181
Occupancy$513,597$68,154-$581,751
Fees for Services Legal-$542,416-$542,416
Pension Plan Contributions$430,217$37,024-$467,241
Fees for Services Accounting-$272,165-$272,165
Advertising$163,835$21,741-$185,576
Insurance$161,057$21,372-$182,429
Travel$125,350$16,634-$141,984
Fees for Service Investment Mgmnt Fees-$122,749-$122,749
Grants to Domestic Individuals$73,000--$73,000
Fees for Services Lobbying$29,120--$29,120
Conferences and Meetings$26$4-$30
Total Functional Expenses$21,360,273$3,649,071$0$25,009,344

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$25,009,344
Expenses per Audited Statements$24,886,595
Total Expenses per Audited Statements$24,886,595
Expenses Not Reported on Financial Statements$122,749
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 of GSMR 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. The Organization's internal review of market data for staff and executive salaries includes executive salaries for organizations of comparable size, structure, operations and asset composition to GSM&R. This review also is evaluated by an independent consultant on a periodic basis. Based on this comparative market data, the Chairman of the Board of GSMR and the Chairman of its Compensation Committee review the proposed CEO and other senior officer compensation packages for reasonableness and fairness.”

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
2020-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christiana Thornton
Formed
1986
Legal Domicile
Nh
Voting Board Members
10
Independent Board Members
10
Employees
233
Volunteers
10

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 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 it ceased operations, as described in note 1, GBS was a for-profit corporation and was 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, 2019 or 2018.”

Raw XML AppendixShowing 400 of 778 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/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1051453
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1218472
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1314927
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt148776
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1522201
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1613939
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt177073
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1828314
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1913616
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2027947
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2124013
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2213893
IRS990/Form990PartVIISectionAGrp/PersonNm0Jamie Burnett
IRS990/Form990PartVIISectionAGrp/PersonNm1Matthew Cookson
IRS990/Form990PartVIISectionAGrp/PersonNm2Clinton Hanson Jr
IRS990/Form990PartVIISectionAGrp/PersonNm3Brad Poznanski
IRS990/Form990PartVIISectionAGrp/PersonNm4Paul Provost
IRS990/Form990PartVIISectionAGrp/PersonNm5Sandra Tracy
IRS990/Form990PartVIISectionAGrp/PersonNm6Cornelius Joyce
IRS990/Form990PartVIISectionAGrp/PersonNm7Anthony Chismark
IRS990/Form990PartVIISectionAGrp/PersonNm8Charles Rolecek
IRS990/Form990PartVIISectionAGrp/PersonNm9Thomas Horgan
IRS990/Form990PartVIISectionAGrp/PersonNm10Rene A Drouin
IRS990/Form990PartVIISectionAGrp/PersonNm11Christiana Thornton
IRS990/Form990PartVIISectionAGrp/PersonNm12Dean A Grondin
IRS990/Form990PartVIISectionAGrp/PersonNm13Tony J McBee
IRS990/Form990PartVIISectionAGrp/PersonNm14Sara Tremaine
IRS990/Form990PartVIISectionAGrp/PersonNm15Daniel Coughlan
IRS990/Form990PartVIISectionAGrp/PersonNm16Tori Berube
IRS990/Form990PartVIISectionAGrp/PersonNm17Michael Levasseur
IRS990/Form990PartVIISectionAGrp/PersonNm18Carlton Lewis
IRS990/Form990PartVIISectionAGrp/PersonNm19Robert Woodburn
IRS990/Form990PartVIISectionAGrp/PersonNm20Robert Willey
IRS990/Form990PartVIISectionAGrp/PersonNm21Christopher Toppin
IRS990/Form990PartVIISectionAGrp/PersonNm22Barton Nichelson
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/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10702503
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1166923
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12233259
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13165181
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14149090
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15115452
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16117609
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17124974
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18114803
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19121753
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20106718
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21106413
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22116304
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/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee (start 2/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee (start 2/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt7Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt8Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt9Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt10President & CEO (end 10/18)
IRS990/Form990PartVIISectionAGrp/TitleTxt11President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP & CIO (end 12/18)
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP & CSO (end 4/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP CCP & Community Engagement
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP Compliance
IRS990/Form990PartVIISectionAGrp/TitleTxt18Software Development Archi
IRS990/Form990PartVIISectionAGrp/TitleTxt19AVP Project Management
IRS990/Form990PartVIISectionAGrp/TitleTxt20Software Development Lead
IRS990/Form990PartVIISectionAGrp/TitleTxt21Manager, IS Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt22Database Administrator
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0806789
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt020000
IRS990/GrantAmt073000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt073000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt073000
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt05759697
IRS990/GrossReceiptsAmt032345358
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt014
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt078148
IRS990/InformationTechnologyGrp/ProgramServicesAmt04671892
IRS990/InformationTechnologyGrp/TotalAmt04750040
IRS990/InsuranceGrp/ManagementAndGeneralAmt021372
IRS990/InsuranceGrp/ProgramServicesAmt0161057
IRS990/InsuranceGrp/TotalAmt0182429
IRS990/InvestmentIncomeGrp/ExclusionAmt0692091
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0692091
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt034875807
IRS990/InvestmentsPubTradedSecGrp/EOYAmt035679339
IRS990/IRPDocumentCnt012403
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt012272062
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03912339
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03386733
IRS990/LandBldgEquipCostOrOtherBssAmt015658795
IRS990/LegalDomicileStateCd0NH
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt04952908
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/NetAssetsOrFundBalancesBOYAmt038681786
IRS990/NetAssetsOrFundBalancesEOYAmt040748018
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0806789
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0806789
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-316874
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt068154
IRS990/OccupancyGrp/ProgramServicesAmt0513597
IRS990/OccupancyGrp/TotalAmt0581751
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0448820
IRS990/OfficeExpensesGrp/ProgramServicesAmt03160630
IRS990/OfficeExpensesGrp/TotalAmt03609450
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0162806
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01891779
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02054585
IRS990/OtherLiabilitiesGrp/BOYAmt01000000
IRS990/OtherLiabilitiesGrp/EOYAmt01000000
IRS990/OtherRevenueMiscGrp/BusinessCd0525100
IRS990/OtherRevenueMiscGrp/Desc0Insurance Proceeds
IRS990/OtherRevenueMiscGrp/ExclusionAmt01248911
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01248911
IRS990/OtherRevenueTotalAmt01248911
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0671389
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt07801441
IRS990/OtherSalariesAndWagesGrp/TotalAmt08472830
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt058414
IRS990/PayrollTaxesGrp/ProgramServicesAmt0678767
IRS990/PayrollTaxesGrp/TotalAmt0737181
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt037024
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0430217
IRS990/PensionPlanContributionsGrp/TotalAmt0467241
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt051361
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt089021
IRS990/PrincipalOfficerNm0Christiana Thornton
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/Desc0Service fees
IRS990/ProgramServiceRevenueGrp/Desc1Contracted services
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt022221759
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12327400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt022221759
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12327400
IRS990/ProgSrvcAccomActy2Grp/Desc0Service education loan programs
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt019320120
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt022204431
IRS990/ProgSrvcAccomActy3Grp/Desc0Administer the loan origination program for NH Higher Education Loan Corporation
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01125500

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$46,001,608
Liabilities
$5,253,590
Net assets
$40,748,018
Revenue
$27,392,450
Expenses
$25,009,344
Net income
$2,383,106
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