Civic Intelligence

Granite State Management and Resources

990 • Fiscal year 2014 • EIN 02-0404239

Oct 01, 2013 to Sep 30, 2014 • Filed on Feb 10, 2015

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

22nd percentile

0.07x

Higher debt load relative to assets than 22% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

27th percentile

0.18x

Higher debt load relative to revenue than 27% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

23rd percentile

-1.7%

Higher net margin than 23% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

17th percentile

-2.3%

Faster asset growth than 17% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Down

$46,614,337

Down $1,083,971 (-2.3%) from 2013

Net Assets

Down

$43,159,751

Down $148,870 (-0.3%) from 2013

Liabilities

Down

$3,454,586

Down $935,101 (-21%) from 2013

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin23rd percentile

Revenue

Down

$18,979,240

Down $1,607,265 (-7.8%) from 2013

Expenses

Down

$19,307,445

Down $1,243,149 (-6.0%) from 2013

Net Income

Down

-$328,205

Down $364,116 (-1014%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth17th 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

2014

Assets$46,614,337
Liabilities$3,454,586
Net Assets$43,159,751
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2014

Revenue$18,979,240
Expenses$19,307,445
Net Income-$328,205
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Feb 10, 2015
Return Version
2013v4.0
Gross Receipts
$51,036,060
Mission and Program Overview

Mission

Administrator/servicer of student loans

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$38,863,605$38,573,911▼ $289,694
Land, Buildings, and Equipment, Net$5,507,296$5,252,848▼ $254,448
Accounts Receivable$1,414,384$1,211,964▼ $202,420
Savings and Temporary Cash Investments$1,350,047$1,180,094▼ $169,953
Prepaid Expenses and Deferred Charges$363,677$254,472▼ $109,205
Total Assets$47,698,308$46,614,337▼ $1,083,971
Other Assets Total$199,299$141,048▼ $58,251
Liabilities
Accounts Payable and Accrued Expenses$3,389,687$2,454,586▼ $935,101
Other Liabilities$1,000,000$1,000,000→ $0
Total Liabilities$4,389,687$3,454,586▼ $935,101
Net Assets / Fund Balance
Unrestricted Net Assets$43,308,621$43,159,751▼ $148,870
Total Net Assets Fund Balance$43,308,621$43,159,751▼ $148,870
Total Liabilities and Net Assets / Fund Balance$47,698,308$46,614,337▼ $1,083,971

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,523,515$5,362,689$8,886,204
Equipment$1,041,746$3,342,577$4,384,323
Land$687,587-$687,587
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rene A DrouinPresident & CEOPT$347,081$198,188$545,269
Dean GrondinVice President & CFOPT$195,000$83,821$278,821
Jason GoldenVice President & CIOFT$170,635$54,100$224,735
Christine B WilliamsSVP, Servicing OperationsFT$152,998$33,484$186,482
Kristine J BelleroseVP Human ResourcesFT$116,625$45,115$161,740
Tara E PayneVP CCP & Community EngagementFT$108,384$43,552$151,936
Tony J McBeeAVP, Info ServicesFT$119,454$20,142$139,596
Michael D LevasseurVP ComplianceFT$115,635$10,904$126,539

Board Members and Trustees

NameTitle
Cornelius JoyceChairman
Gerald LittleVice Chair
Brad PoznanskiTrustee
Charles RolocekTrustee
Clinton Hanson JrTrustee
Robert TuvesonTrustee
Thomas HorganSecretary
Anthony ChismarkTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Nelnet ServicingLoan servicing-$2,196,942
Baker Newman NoyesAuditing/Tax services-$250,575
Credit Control ServicesCollection services-$188,075
Adapt Telephony Serv LLCTechnical consulting-$146,298
Sungard Availability ServicesDisaster recovery services-$145,100
Revenue and Support

Revenue Composition

Contributions and Grants
$22,000
Program Service Revenue
$15,981,710
Investment Income
$2,965,409
Other Revenue
$10,121
All Other Contributions
$22,000
Change in Net Assets
$-328,205

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,979,240
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$179,335
Total Revenue per Audited Statements
$19,158,575
Total Revenue per Form 990
$18,979,240
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,813,987
Other Expenses$6,408,208
Grants and Similar Amounts Paid$85,250
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,250,924$343,789-$8,594,713
Information Technology$2,070,636$52,380-$2,123,016
Other Employee Benefits$1,720,764$303,664-$2,024,428
Office Expenses$1,405,031$156,111-$1,561,142
Current Officers, Directors, Trustees, and Key Employees-$1,048,825-$1,048,825
Depreciation Depletion$746,894$186,724-$933,618
Payroll Taxes$705,602$124,518-$830,120
Occupancy$507,453$126,863-$634,316
Pension Plan Contributions$252,721$63,180-$315,901
Fees for Services Accounting-$253,075-$253,075
Insurance$147,298$63,128-$210,426
All Other Expenses$71,398$121,009-$192,407
Advertising$130,795$11,374-$142,169
Fees for Service Investment Mgmnt Fees$83,143$55,428-$138,571
Fees for Services Legal-$128,883-$128,883
Travel$72,468$18,117-$90,585
Grants to Domestic Individuals$85,250--$85,250
Total Functional Expenses$16,250,377$3,057,068$0$19,307,445

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$19,307,445
Total Expenses per Audited Statements$19,307,445
Total Expenses per Form 990$19,307,445
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Anthony ChismarkGSMR Trustee and Senior Vice President with Centrix Bank; see section (d)Mr. Chismark is a trustee of Granite State Management and Resources and served as an executive at Centrix Bank until his retirement in July 2014. GSMR maintains its checking accounts with Centrix Bank. Transactions during the fiscal year were in excess of $10,000. An exact figure cannot be stated due to daily account activity and balance changes. All transactions with Centrix Bank are at fair market value. Mr. Chismark has been classified as an independent board member.No$0
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
Yes
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
No
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 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. A salary review of the organization was conducted by an independent Affirmative Action consultant to ensure the compensation was administered appropriately and to propose changes as needed. 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

EIN
02-0404239
Phone
6032255867

Signing Officer

Name
Rene a Drouin
Title
President & CEO
Phone
6032255867
Signed
2015-02-10
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
210
Volunteers
8

Preparer

Preparer
Nicholas E Porto
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. 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, 2014 or 2013. The Company's tax years after 2010 are open and subject to examination.”

Raw XML AppendixShowing 400 of 742 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/PersonNm5Gerald Little
IRS990/Form990PartVIISectionAGrp/PersonNm6Anthony Chismark
IRS990/Form990PartVIISectionAGrp/PersonNm7Thomas Horgan
IRS990/Form990PartVIISectionAGrp/PersonNm8Rene A Drouin
IRS990/Form990PartVIISectionAGrp/PersonNm9Dean Grondin
IRS990/Form990PartVIISectionAGrp/PersonNm10Jason Golden
IRS990/Form990PartVIISectionAGrp/PersonNm11Christine B Williams
IRS990/Form990PartVIISectionAGrp/PersonNm12Kristine J Bellerose
IRS990/Form990PartVIISectionAGrp/PersonNm13Tony J McBee
IRS990/Form990PartVIISectionAGrp/PersonNm14Tara E Payne
IRS990/Form990PartVIISectionAGrp/PersonNm15Michael D Levasseur
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/ReportableCompFromOrgAmt8505259
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9250343
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10181135
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11162748
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12124445
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13119454
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14115734
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15115635
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/TitleTxt0Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9Vice President & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt10Vice President & CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt11SVP, Servicing Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP Human Resources
IRS990/Form990PartVIISectionAGrp/TitleTxt13AVP, Info Services
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP CCP & Community Engagement
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP Compliance
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt01936325
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantAmt085250
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt085250
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt085250
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt033993145
IRS990/GrossReceiptsAmt051036060
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt011
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt052380
IRS990/InformationTechnologyGrp/ProgramServicesAmt02070636
IRS990/InformationTechnologyGrp/TotalAmt02123016
IRS990/InsuranceGrp/ManagementAndGeneralAmt063128
IRS990/InsuranceGrp/ProgramServicesAmt0147298
IRS990/InsuranceGrp/TotalAmt0210426
IRS990/InvestmentIncomeGrp/ExclusionAmt01029084
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01029084
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt038863605
IRS990/InvestmentsPubTradedSecGrp/EOYAmt038573911
IRS990/IRPDocumentCnt051214
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08705266
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05507296
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05252848
IRS990/LandBldgEquipCostOrOtherBssAmt013958114
IRS990/LegalDomicileStateCd0NH
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt032056820
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt010121
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt010121
IRS990/MissionDesc0Administrator/servicer of student loans
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt043308621
IRS990/NetAssetsOrFundBalancesEOYAmt043159751
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01936325
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01936325
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0179335
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0126863
IRS990/OccupancyGrp/ProgramServicesAmt0507453
IRS990/OccupancyGrp/TotalAmt0634316
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0156111
IRS990/OfficeExpensesGrp/ProgramServicesAmt01405031
IRS990/OfficeExpensesGrp/TotalAmt01561142
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0199299
IRS990/OtherAssetsTotalGrp/EOYAmt0141048
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0303664
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01720764
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02024428
IRS990/OtherLiabilitiesGrp/BOYAmt01000000
IRS990/OtherLiabilitiesGrp/EOYAmt01000000
IRS990/OtherRevenueTotalAmt010121
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0343789
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08250924
IRS990/OtherSalariesAndWagesGrp/TotalAmt08594713
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0124518
IRS990/PayrollTaxesGrp/ProgramServicesAmt0705602
IRS990/PayrollTaxesGrp/TotalAmt0830120
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt063180
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0252721
IRS990/PensionPlanContributionsGrp/TotalAmt0315901
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0363677
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0254472
IRS990/PrincipalOfficerNm0Rene A Drouin
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/BusinessCd1561000
IRS990/ProgramServiceRevenueGrp/Desc0Service fees
IRS990/ProgramServiceRevenueGrp/Desc1Contracted services
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt013130010
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12851700
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013130010
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12851700
IRS990/ProgSrvcAccomActy2Grp/Desc0Service education loan programs
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt013227807
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt012793465
IRS990/ProgSrvcAccomActy3Grp/Desc0Administer the loan origination program for NH Higher Education Loan Corporation
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0991273
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01119428
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0870737
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt077500
IRS990/PYInvestmentIncomeAmt01664486
IRS990/PYOtherExpensesAmt07930534
IRS990/PYOtherRevenueAmt034268
IRS990/PYProgramServiceRevenueAmt018017014
IRS990/PYRevenuesLessExpensesAmt035911
IRS990/PYSalariesCompEmpBnftPaidAmt012542560
IRS990/PYTotalExpensesAmt020550594
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt020586505
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-328205
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02078938
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01350047
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01180094
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt022000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0870737
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0920115
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0829568
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt015500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02657920
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01029084
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01112887
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01145874

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$46,614,337
Liabilities
$3,454,586
Net assets
$43,159,751
Revenue
$18,979,240
Expenses
$19,307,445
Net income
-$328,205
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