Civic Intelligence

New Hampshire Higher Education Assistance Foundation

990 • Fiscal year 2014 • EIN 02-6007687

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

Organization Profilewww.nhheaf.org
4 Barrell Court PO Box 877Concord, NH 03302-0877

(603) 225-6612

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

67th percentile

0.45x

Higher debt load relative to assets than 67% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

87th percentile

1.83x

Higher debt load relative to revenue than 87% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

89th percentile

43%

Higher net margin than 89% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

91st percentile

$545,269

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

75th percentile

12%

Faster asset growth than 75% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

84th percentile

33%

Faster revenue growth than 84% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$21,297,318

Up $2,279,363 (+12%) from 2013

Net Assets

Up

$11,695,284

Up $2,407,767 (+26%) from 2013

Liabilities

Down

$9,602,034

Down $128,404 (-1.3%) from 2013

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin89th percentile

Revenue

Up

$5,250,653

Up $1,312,135 (+33%) from 2013

Expenses

Down

$2,988,305

Down $86,386 (-2.8%) from 2013

Net Income

Up

$2,262,348

Up $1,398,521 (+162%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $17,226,971Liabilities 2011: $10,743,539Net Assets 2011: $6,483,4322011Assets 2012: $18,799,427Liabilities 2012: $10,606,200Net Assets 2012: $8,193,2272012Assets 2013: $19,017,955Liabilities 2013: $9,730,438Net Assets 2013: $9,287,5172013Assets 2014: $21,297,318Liabilities 2014: $9,602,034Net Assets 2014: $11,695,2842014Assets 2015: $21,859,588Liabilities 2015: $10,107,976Net Assets 2015: $11,751,6122015Assets 2016: $23,839,429Liabilities 2016: $10,803,882Net Assets 2016: $13,035,5472016Assets 2017: $24,822,583Liabilities 2017: $10,464,464Net Assets 2017: $14,358,1192017Assets 2018: $25,528,258Liabilities 2018: $10,527,011Net Assets 2018: $15,001,2472018Assets 2019: $26,317,500Liabilities 2019: $10,927,610Net Assets 2019: $15,389,8902019Assets 2020: $27,465,523Liabilities 2020: $11,407,503Net Assets 2020: $16,058,0202020Assets 2021: $29,960,448Liabilities 2021: $11,614,544Net Assets 2021: $18,345,9042021Assets 2022: $24,303,150Liabilities 2022: $9,284,326Net Assets 2022: $15,018,8242022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2014

Assets$21,297,318
Liabilities$9,602,034
Net Assets$11,695,284
Open 2014 Filing

Operations Trend

Revenue Growth84th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Expenses 2011: $3,386,2432011Expenses 2012: $3,022,1582012Revenue 2013: $3,938,518Expenses 2013: $3,074,691Net Income 2013: $863,8272013Revenue 2014: $5,250,653Expenses 2014: $2,988,305Net Income 2014: $2,262,3482014Revenue 2015: $4,852,027Expenses 2015: $2,684,464Net Income 2015: $2,167,5632015Revenue 2016: $2,718,741Expenses 2016: $2,567,722Net Income 2016: $151,0192016Revenue 2017: $2,331,319Expenses 2017: $2,092,104Net Income 2017: $239,2152017Revenue 2018: $2,199,096Expenses 2018: $1,783,052Net Income 2018: $416,0442018Revenue 2019: $1,781,252Expenses 2019: $1,435,712Net Income 2019: $345,5402019Revenue 2020: $2,421,451Expenses 2020: $1,927,314Net Income 2020: $494,1372020Revenue 2021: $2,397,548Expenses 2021: $1,798,130Net Income 2021: $599,4182021Revenue 2022: $1,466,909Expenses 2022: $322,469Net Income 2022: $1,144,4402022Revenue 2023: $807,912Expenses 2023: $324,138Net Income 2023: $483,7742023

Highlighted filing

2014

Revenue$5,250,653
Expenses$2,988,305
Net Income$2,262,348
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
$6,790,955
Mission and Program Overview

Mission

Student loan guarantor

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$14,505,219$16,467,094▲ $1,961,875
Savings and Temporary Cash Investments$3,864,421$3,550,520▼ $313,901
Accounts Receivable$588,711$1,212,755▲ $624,044
Total Assets$19,017,955$21,297,318▲ $2,279,363
Other Assets Total$59,604$66,949▲ $7,345
Liabilities
Grants Payable$7,373,126$7,830,432▲ $457,306
Deferred Revenue$2,318,485$1,697,485▼ $621,000
Accounts Payable and Accrued Expenses$38,827$74,117▲ $35,290
Total Liabilities$9,730,438$9,602,034▼ $128,404
Net Assets / Fund Balance
Unrestricted Net Assets$9,287,517$11,695,284▲ $2,407,767
Total Net Assets Fund Balance$9,287,517$11,695,284▲ $2,407,767
Total Liabilities and Net Assets / Fund Balance$19,017,955$21,297,318▲ $2,279,363
Compensation and Service Providers
Top Officer Pay91st percentile

Board Members and Trustees

NameTitle
Michael DeBlasiChairman
Rene A DrouinPresident & CEO
Daniel HebertVice Chair
David BellmanTrustee
Deborah ScireTrustee
Jeff PentaTrustee
Todd EmmonsTrustee
Virginia HazenTrustee
Joseph FaganSecretary/Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Granite State Management & ResourcesManagement services-$1,836,800
FH CannCollection services-$339,956
Windham AssociatesCollection services-$322,232
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,580,446
Investment Income
$669,389
Other Revenue
$818
Change in Net Assets
$2,262,348

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,250,653
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$145,419
Total Revenue per Audited Statements
$5,396,072
Total Revenue per Form 990
$5,250,653
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,988,305
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$1,836,800--$1,836,800
Fees for Services Other$925,820--$925,820
Fees for Services Accounting-$58,707-$58,707
Fees for Services Legal-$26,521-$26,521
Fees for Service Investment Mgmnt Fees-$22,491-$22,491
Travel$18,017--$18,017
Other Expenses$83,224$12,800-$12,800
All Other Expenses$2,680--$2,680
Office Expenses-$1,245-$1,245
Total Functional Expenses$2,866,541$121,764$0$2,988,305

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,988,305
Total Expenses per Audited Statements$2,988,305
Total Expenses per Form 990$2,988,305
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
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
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“The organization contracts with Granite State Management & Resources, a related entity, for its management services.”

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 for 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 C, line 19

“The organization will provide its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

EIN
02-6007687
Phone
6032256612

Signing Officer

Name
Rene A Drouin
Title
President & CEO
Phone
6032256612
Signed
2015-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rene A Drouin
Formed
1962
Legal Domicile
Nh
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Preparer
Nicholas E Porto
Phone
2078792100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Collection Agency Fees: Program service expenses 925,820. Management and general expenses 0. Fundraising expenses 0. Total expenses 925,820.”

Financial Statement Notes

Part X, Line 2:

“The Foundation has received a determination letter from the Internal Revenue Service stating that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue 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 (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 Foundation has evaluated the positions taken on its filed tax returns. The Foundation has concluded no uncertain income tax positions exist at September 30, 2014 or 2013. The Foundation's tax years after September 30, 2010 are open and subject to examination.”

Raw XML AppendixShowing 400 of 523 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/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Rene A Drouin
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/BusinessCd2525990
IRS990/ProgramServiceRevenueGrp/BusinessCd3525990
IRS990/ProgramServiceRevenueGrp/Desc0Loan rehabilitation fees
IRS990/ProgramServiceRevenueGrp/Desc1Government fees & contracts
IRS990/ProgramServiceRevenueGrp/Desc2Loan default recovery
IRS990/ProgramServiceRevenueGrp/Desc3Consolidation fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03362722
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1568059
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2461676
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3187989
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03362722
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1568059
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2461676
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3187989
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0416538
IRS990/PYOtherExpensesAmt03074691
IRS990/PYOtherRevenueAmt04705
IRS990/PYProgramServiceRevenueAmt03517275
IRS990/PYRevenuesLessExpensesAmt0863827
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt03074691
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03938518
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02262348
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04581264
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03864421
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03550520
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0248895
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0213772
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0221675
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0197618
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0145720
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01027680
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt04581264
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03521980
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03815124
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt04277650
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt04166630
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt020362648
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0248895
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0213772
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0221675
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0197618
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0145720
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01027680
IRS990ScheduleA/InvestmentIncomeCYPct00.04800
IRS990ScheduleA/InvestmentIncomePYPct00.04200
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95200
IRS990ScheduleA/PublicSupportPY509Pct00.95800
IRS990ScheduleA/PublicSupportTotal509Amt020362648
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt04581264
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03521980
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03815124
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt04277650
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt04166630
IRS990ScheduleA/Total509Grp/TotalAmt020362648
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt04830159
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03735752
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt04036799
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt04475268
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt04312350
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt021390328
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02988305
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0145419
IRS990ScheduleD/RevenueNotReportedAmt0145419
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05250653
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation has received a determination letter from the Internal Revenue Service stating that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue 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 (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 Foundation has evaluated the positions taken on its filed tax returns. The Foundation has concluded no uncertain income tax positions exist at September 30, 2014 or 2013. The Foundation's tax years after September 30, 2010 are open and subject to examination.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt02988305
IRS990ScheduleD/TotalRevenuePerForm990Amt05250653
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05396072
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02988305
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0121625
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0347081
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt019332
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt020678
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt036553
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Rene A Drouin
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0545269
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0The Organization's CEO is compensated through a related organization, Granite State Management & Resources, that organization used a compensation committee, an independent compensation consultant, Form 990 of other organizations, a compensation study, and board/compensation committee approval to establish the CEO's compensation.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization contracts with Granite State Management & Resources, a related entity, for its management services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A 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 for clarifications.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Any conflicts of interest revealed in the annual survey or at any time throughout the year are addressed promptly and appropriately.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization will provide its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Collection Agency Fees: Program service expenses 925,820. Management and general expenses 0. Fundraising expenses 0. Total expenses 925,820.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, line 11g
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine10New Hampshire Higher Education Loan Corporation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10Granite State Management & Resources
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine11New Hampshire Higher Education Loan Corporation

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$21,297,318
Liabilities
$9,602,034
Net assets
$11,695,284
Revenue
$5,250,653
Expenses
$2,988,305
Net income
$2,262,348
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.81$0.32$0.48
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.3$9.28$15.0$1.47$0.32$1.14
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.0$11.6$18.3$2.40$1.80$0.60
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.5$11.4$16.1$2.42$1.93$0.49
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.3$10.9$15.4$1.78$1.44$0.35
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.5$10.5$15.0$2.20$1.78$0.42
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.8$10.5$14.4$2.33$2.09$0.24
2016Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$23.8$10.8$13.0$2.72$2.57$0.15
2015Detailed filing. Detailed filing data is available for this year.$21.9$10.1$11.8$4.85$2.68$2.17
2014Detailed filing. Detailed filing data is available for this year.$21.3$9.60$11.7$5.25$2.99$2.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.0$9.73$9.29$3.94$3.07$0.86
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.8$10.6$8.19$3.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.2$10.7$6.48$3.39