Civic Intelligence

New Hampshire Tech Alliance Inc

EIN 02-0457786 • 501(c)6 • Manchester, NH

View Organization Page

Profile

The nh tech alliance is a statewide technology association supporting companies at every stage of growth and development from startups to established leaders in the global economy. The alliance is committed to nurturing a vibrant tech ecosystem by building partnerships, enhancing knowledge and shaping public policy.

PO Box 3730Manchester, NH 03105

www.nhtechalliance.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.50x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

0.30x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

43rd percentile

-2.5%

Higher net margin than 43% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

98th percentile

$120,754

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 25.2% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

32nd percentile

-14%

Faster asset growth than 32% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

76th percentile

19%

Faster revenue growth than 76% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$286,761

Down $47,788 (-14%) from 2023

Liabilities

Down

$144,410

Down $36,053 (-20%) from 2023

Net Assets

Down

$142,351

Down $11,735 (-7.6%) from 2023

Operations
Liabilities / Revenue88th percentileNet Margin43rd percentile

Revenue

Up

$478,360

Up $74,883 (+19%) from 2023

Expenses

Up

$490,095

Up $88,867 (+22%) from 2023

Net Income

Down

-$11,735

Down $13,984 (-622%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth32nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2011: $32,461Liabilities 2011: $0Net Assets 2011: $32,4612011Assets 2012: $49,136Liabilities 2012: $0Net Assets 2012: $49,1362012Assets 2013: $66,107Liabilities 2013: $0Net Assets 2013: $66,1072013Assets 2014: $87,472Liabilities 2014: $0Net Assets 2014: $87,4722014Assets 2015: $109,011Liabilities 2015: $78,949Net Assets 2015: $30,0622015Assets 2016: $104,225Liabilities 2016: $89,225Net Assets 2016: $15,0002016Assets 2017: $122,428Liabilities 2017: $93,958Net Assets 2017: $28,4702017Assets 2018: $209,703Liabilities 2018: $94,224Net Assets 2018: $115,4792018Assets 2019: $154,961Liabilities 2019: $80,677Net Assets 2019: $74,2842019Assets 2020: $236,825Liabilities 2020: $167,197Net Assets 2020: $69,6282020Assets 2021: $288,906Liabilities 2021: $153,951Net Assets 2021: $134,9552021Assets 2022: $296,600Liabilities 2022: $144,763Net Assets 2022: $151,8372022Assets 2023: $334,549Liabilities 2023: $180,463Net Assets 2023: $154,0862023Assets 2024: $286,761Liabilities 2024: $144,410Net Assets 2024: $142,3512024

Highlighted filing

2024

Assets$286,761
Liabilities$144,410
Net Assets$142,351
Open 2024 Filing

Operations Trend

Revenue Growth76th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $172,3502011Expenses 2012: $174,0322012Revenue 2013: $184,041Expenses 2013: $167,070Net Income 2013: $16,9712013Revenue 2014: $263,333Expenses 2014: $241,968Net Income 2014: $21,3652014Revenue 2015: $285,256Expenses 2015: $302,727Net Income 2015: -$17,4712015Revenue 2016: $306,988Expenses 2016: $322,050Net Income 2016: -$15,0622016Revenue 2017: $372,523Expenses 2017: $359,053Net Income 2017: $13,4702017Revenue 2018: $579,252Expenses 2018: $492,242Net Income 2018: $87,0102018Revenue 2019: $544,666Expenses 2019: $585,861Net Income 2019: -$41,1952019Revenue 2020: $361,114Expenses 2020: $365,770Net Income 2020: -$4,6562020Revenue 2021: $429,424Expenses 2021: $364,097Net Income 2021: $65,3272021Revenue 2022: $408,713Expenses 2022: $391,831Net Income 2022: $16,8822022Revenue 2023: $403,477Expenses 2023: $401,228Net Income 2023: $2,2492023Revenue 2024: $478,360Expenses 2024: $490,095Net Income 2024: -$11,7352024

Highlighted filing

2024

Revenue$478,360
Expenses$490,095
Net Income-$11,735
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$286,761
Liabilities
$144,410
Net assets
$142,351
Revenue
$478,360
Expenses
$490,095
Net income
-$11,735
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.87$1.44$1.42$4.78$4.90$0.12
2023Detailed filing. Detailed filing data is available for this year.$3.35$1.80$1.54$4.03$4.01$0.02
2022Detailed filing. Detailed filing data is available for this year.$2.97$1.45$1.52$4.09$3.92$0.17
2021Detailed filing. Detailed filing data is available for this year.$2.89$1.54$1.35$4.29$3.64$0.65
2020Detailed filing. Detailed filing data is available for this year.$2.37$1.67$0.70$3.61$3.66$0.05
2019Summary only. Only limited summary data is available for this year.$1.55$0.81$0.74$5.45$5.86$0.41
2018Summary only. Only limited summary data is available for this year.$2.10$0.94$1.15$5.79$4.92$0.87
2017Detailed filing. Detailed filing data is available for this year.$1.22$0.94$0.28$3.73$3.59$0.13
2016Detailed filing. Detailed filing data is available for this year.$1.04$0.89$0.15$3.07$3.22$0.15
2015Detailed filing. Detailed filing data is available for this year.$1.09$0.79$0.30$2.85$3.03$0.17
2014Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$2.63$2.42$0.21
2013Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$1.84$1.67$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.00$0.49$1.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.00$0.32$1.72
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.2
Gross Receipts
$478,360
Mission and Program Overview

Mission

Founded in 1983, and originally known as the new hampshire high technology council, the nh high tech council has been the voice of technology and innovation in the state of new hampshire. As a member-driven organization focusing on advancing innovation throughout new hampshire, we help drive new hampshire's economy by encouraging research and technology-based industrial development. The council brings together representatives from the private and public sectors to establish and maintain financial, technical, legislative, and educational programs that support research and economic development efforts that help new hampshire lead in entrepreneurship and business on a national level.

To promote and facilitate the establishment, development, growth and success of technology-based business in new hampshire.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$153,465$146,170▼ $7,295
Rtn Earn Endowment Incm Other Fnds$154,086$142,351▼ $11,735
Accounts Receivable$118,300$79,305▼ $38,995
Prepaid Expenses and Deferred Charges$8,070$6,696▼ $1,374
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$334,549$286,761▼ $47,788
Other Assets Total$54,714$54,590▼ $124
Liabilities
Deferred Revenue$163,333$119,688▼ $43,645
Accounts Payable and Accrued Expenses$17,130$24,722▲ $7,592
Total Liabilities$180,463$144,410▼ $36,053
Net Assets / Fund Balance
Total Net Assets Fund Balance$154,086$142,351▼ $11,735
Total Liabilities and Net Assets / Fund Balance$334,549$286,761▼ $47,788

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$750--
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Julie DemersExecutive DirectorFT$120,754$120,754

Board Members and Trustees

NameTitle
Heather LavoieChair
Gary SloperPast Chair
Emily PenaskovicVice Chair
Adam CoughlinDirector
David JanelleDirector
Ej PontoDirector
Flo NicholasDirector
Jeffrey ChuDirector
Jennifer JoyceDirector
Jeremy HitchcockDirector
Joseph BatorDirector
Julie LenzerDirector
Katie DestrampDirector
Marc EichenbergerDirector
Nathan PascarellaDirector
Peter RichardDirector
Rajesh NairDirector
Scott MerrickDirector
Shannon HerrmannDirector
Marlana TrombleySecretary
Jason GagnonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$434,946
Investment Income
$0
Other Revenue
$43,414
Change in Net Assets
$-11,735
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$304,423
Other Expenses$185,672
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$158,440
Current Officers, Directors, Trustees, and Key Employees---$120,754
Fees for Services Accounting---$35,059
Payroll Taxes---$21,629
Information Technology---$11,153
Fees for Services Other---$8,868
Office Expenses---$8,396
Insurance---$6,978
Occupancy---$6,752
Other Employee Benefits---$3,600
Travel---$3,069
Conferences and Meetings---$1,506
Other Expenses---$1,216
Total Functional Expenses$0$0$0$490,095
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
In-house lobbying only
Yes
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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
No
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 A, Line 2

“Jeremy hitchcock is an owner of the orbit group, which employs marlana trombley. Julie lenzer is an executive with armi, which has engaged flo nicholas as a subcontractor under a federal grant program.”

Form 990, Part VI, Section A, Line 6

“Any individual, proprietorship, corporation, company, firm, association, institution, agency, organization, or other entity which does business in or has an office or place of business in the state of new hampshire, or otherwise is interested in the alliance and its programs and activities, shall be eligible to be a member of the alliance.”

Form 990, Part VI, Section A, Line 7A

“Each director shall be elected by the members”

Form 990, Part VI, Section A, Line 8B

“There are no committees empowered to act without a vote by the full board of directors.”

Form 990, Part VI, Section B, Line 11B

“The director of finance performed an initial in-depth review of the form 990, which was then reviwed by the treasurer and executive director. A copy of the final draft of the form 990 was distributed to each board member for review before being filed with the irs.”

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

“On an annual basis, members of the board of directors are required to review the policy and sign off that they maintain compliance.”

Form 990, Part VI, Section B, Line 15A

“Executive director's compensation is reviewed each year by the executive committee. Comparability data may be utilized some years during the annual review. The executive committee will make a recommendation to the board of directors for the executive directors compensation as part of the annual budget process. Additional compensation adjustments or bonuses are reviewed by the executive committee and the board prior to implementation.”

Form 990, Part VI, Section C, Line 19

“The form 990 is available upon request.”

Filing and Contact Details

Filer

Filer Name
New Hampshire Tech Alliance Inc
EIN
02-0457786
Phone
6039358951
Address
PO BOX 3730, MANCHESTER, NH 03105

Signing Officer

Name
Julie Demers
Title
Executive Director
Phone
6039358951
Signed
2025-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Demers
Formed
1994
Legal Domicile
Nh
Voting Board Members
20
Independent Board Members
20
Employees
3
Volunteers
100

Preparer

Firm
Wipfli Advisory LLC
Address
43 CONSTITUTION DRIVE SUITE 100, BEDFORD, NH 03110
Preparer
Jason Gagnon
Phone
6036273838
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IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21EXECUTIVE DIRECTOR
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IRS990/FormationYr01994
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IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
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IRS990/MissionDesc0THE NH TECH ALLIANCE IS A STATEWIDE TECHNOLOGY ASSOCIATION SUPPORTING COMPANIES AT EVERY STAGE OF GROWTH AND DEVELOPMENT FROM STARTUPS TO ESTABLISHED LEADERS IN THE GLOBAL ECONOMY. THE ALLIANCE IS COMMITTED TO NURTURING A VIBRANT TECH ECOSYSTEM BY BUILDING PARTNERSHIPS, ENHANCING KNOWLEDGE AND SHAPING PUBLIC POLICY.
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IRS990/OfficeExpensesGrp/TotalAmt08396
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IRS990/OtherExpensesGrp/Desc0EVENT EXPENSES
IRS990/OtherExpensesGrp/Desc1OTHER EVENT EXPENSES
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3NH BET
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IRS990/ProgramServiceRevenueGrp/Desc2NEWSLETTER & DIRECTORY
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NEW HAMPSHIRE TECH FOUNDATION LOAN
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JEREMY HITCHCOCK IS AN OWNER OF THE ORBIT GROUP, WHICH EMPLOYS MARLANA TROMBLEY. JULIE LENZER IS AN EXECUTIVE WITH ARMI, WHICH HAS ENGAGED FLO NICHOLAS AS A SUBCONTRACTOR UNDER A FEDERAL GRANT PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY INDIVIDUAL, PROPRIETORSHIP, CORPORATION, COMPANY, FIRM, ASSOCIATION, INSTITUTION, AGENCY, ORGANIZATION, OR OTHER ENTITY WHICH DOES BUSINESS IN OR HAS AN OFFICE OR PLACE OF BUSINESS IN THE STATE OF NEW HAMPSHIRE, OR OTHERWISE IS INTERESTED IN THE ALLIANCE AND ITS PROGRAMS AND ACTIVITIES, SHALL BE ELIGIBLE TO BE A MEMBER OF THE ALLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH DIRECTOR SHALL BE ELECTED BY THE MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE ARE NO COMMITTEES EMPOWERED TO ACT WITHOUT A VOTE BY THE FULL BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DIRECTOR OF FINANCE PERFORMED AN INITIAL IN-DEPTH REVIEW OF THE FORM 990, WHICH WAS THEN REVIWED BY THE TREASURER AND EXECUTIVE DIRECTOR. A COPY OF THE FINAL DRAFT OF THE FORM 990 WAS DISTRIBUTED TO EACH BOARD MEMBER FOR REVIEW BEFORE BEING FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ON AN ANNUAL BASIS, MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO REVIEW THE POLICY AND SIGN OFF THAT THEY MAINTAIN COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED EACH YEAR BY THE EXECUTIVE COMMITTEE. COMPARABILITY DATA MAY BE UTILIZED SOME YEARS DURING THE ANNUAL REVIEW. THE EXECUTIVE COMMITTEE WILL MAKE A RECOMMENDATION TO THE BOARD OF DIRECTORS FOR THE EXECUTIVE DIRECTORS COMPENSATION AS PART OF THE ANNUAL BUDGET PROCESS. ADDITIONAL COMPENSATION ADJUSTMENTS OR BONUSES ARE REVIEWED BY THE EXECUTIVE COMMITTEE AND THE BOARD PRIOR TO IMPLEMENTATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE FORM 990 IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
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IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NEW HAMPSHIRE TECH ALLIANCE

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