Civic Intelligence

New Hampshire Higher Education Assistance Foundation

990 • Fiscal year 2016 • EIN 02-6007687

Oct 01, 2015 to Sep 30, 2016 • Filed on Feb 10, 2017

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

69th percentile

0.45x

Higher debt load relative to assets than 69% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

93rd percentile

3.97x

Higher debt load relative to revenue than 93% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

61st percentile

5.6%

Higher net margin than 61% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

92nd percentile

$616,162

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 22.7% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

73rd percentile

9.1%

Faster asset growth than 73% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

7th percentile

-44%

Faster revenue growth than 7% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$23,839,429

Up $1,979,841 (+9.1%) from 2015

Net Assets

Up

$13,035,547

Up $1,283,935 (+11%) from 2015

Liabilities

Up

$10,803,882

Up $695,906 (+6.9%) from 2015

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin61st percentile

Revenue

Down

$2,718,741

Down $2,133,286 (-44%) from 2015

Expenses

Down

$2,567,722

Down $116,742 (-4.3%) from 2015

Net Income

Down

$151,019

Down $2,016,544 (-93%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth73rd 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

2016

Assets$23,839,429
Liabilities$10,803,882
Net Assets$13,035,547
Open 2016 Filing

Operations Trend

Revenue Growth7th 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

2016

Revenue$2,718,741
Expenses$2,567,722
Net Income$151,019
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Feb 10, 2017
Return Version
2015v3.0
Gross Receipts
$5,696,263
Mission and Program Overview

Mission

Student loan guarantor

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$18,840,789$20,278,677▲ $1,437,888
Savings and Temporary Cash Investments$2,843,496$3,389,513▲ $546,017
Accounts Receivable$129,105$123,119▼ $5,986
Total Assets$21,859,588$23,839,429▲ $1,979,841
Other Assets Total$46,198$48,120▲ $1,922
Liabilities
Grants Payable$8,450,115$9,175,822▲ $725,707
Deferred Revenue$1,306,985$1,034,185▼ $272,800
Accounts Payable and Accrued Expenses$350,876$593,875▲ $242,999
Total Liabilities$10,107,976$10,803,882▲ $695,906
Net Assets / Fund Balance
Unrestricted Net Assets$11,751,612$13,035,547▲ $1,283,935
Total Net Assets Fund Balance$11,751,612$13,035,547▲ $1,283,935
Total Liabilities and Net Assets / Fund Balance$21,859,588$23,839,429▲ $1,979,841
Compensation and Service Providers
Top Officer Pay92nd percentile

Board Members and Trustees

NameTitle
Michael DeBlasiChairman
Rene A DrouinPresident & CEO
Daniel HebertVice Chairman
David BellmanTrustee
Deborah ScireTrustee
Todd EmmonsTrustee
Jeff PentaTrustee (until Feb. 2016)
Joseph FaganTreasurer & Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Granite State Management & ResourcesManagement services4 Barrell Court PO Box 2087, Concord, NH 03301$1,854,700
FH Cann & Associates IncCollection services1600 Osgood Street, North Andover, MA 01845$305,616
Windham Professionals IncCollection services380 Main Street, Salem, NH 03079$121,618
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,622,182
Investment Income
$95,674
Other Revenue
$885
Change in Net Assets
$151,019

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,718,741
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,132,916
Total Revenue per Audited Statements
$3,851,657
Total Revenue per Form 990
$2,718,741
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,567,722
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$1,854,700--$1,854,700
Fees for Services Other$582,388--$582,388
Fees for Services Accounting-$59,002-$59,002
Fees for Service Investment Mgmnt Fees-$19,476-$19,476
Fees for Services Legal-$16,781-$16,781
Travel$16,102--$16,102
Other Expenses-$13,695-$13,695
All Other Expenses$5,578--$5,578
Total Functional Expenses$2,458,768$108,954$0$2,567,722

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,567,722
Total Expenses per Audited Statements$2,567,722
Total Expenses per Form 990$2,567,722
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

Filer Name
New Hampshire Higher Education
EIN
02-6007687
Phone
6032256612
Address
4 Barrell Court PO Box 877, Concord, NH 03302-0877

Signing Officer

Name
Rene A Drouin
Title
President & CEO
Phone
6032256612
Signed
2017-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rene A Drouin
Formed
1962
Legal Domicile
Nh
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
7

Preparer

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

Additional Explanations

Form 990, Part IX, line 11G

“Collection Agency Fees: Program service expenses 582,388. Management and general expenses 0. Fundraising expenses 0. Total expenses 582,388.”

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, 2016 or 2015.”

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/ProgramServiceRevenueGrp/BusinessCd3525990
IRS990/ProgramServiceRevenueGrp/Desc0Loan rehabilitation fees
IRS990/ProgramServiceRevenueGrp/Desc1Government fees & contracts
IRS990/ProgramServiceRevenueGrp/Desc2Loan default recovery
IRS990/ProgramServiceRevenueGrp/Desc3Consolidation fees
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1485105
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2345992
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3105325
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01685760
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1485105
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2345992
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3105325
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01942279
IRS990/PYOtherExpensesAmt02684464
IRS990/PYOtherRevenueAmt0369
IRS990/PYProgramServiceRevenueAmt02909379
IRS990/PYRevenuesLessExpensesAmt02167563
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02684464
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04852027
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0151019
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02623067
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02843496
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03389513
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0381629
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0480342
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0248895
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0213772
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0221675
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01546313
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02623067
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02909748
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt04581264
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03521980
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03815124
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt017451183
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0381629
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0480342
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0248895
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0213772
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0221675
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01546313
IRS990ScheduleA/InvestmentIncomeCYPct00.08140
IRS990ScheduleA/InvestmentIncomePYPct00.06660
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.91860
IRS990ScheduleA/PublicSupportPY509Pct00.93340
IRS990ScheduleA/PublicSupportTotal509Amt017451183
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02623067
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02909748
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt04581264
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03521980
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03815124
IRS990ScheduleA/Total509Grp/TotalAmt017451183
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03004696
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03390090
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt04830159
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03735752
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt04036799
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt018997496
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02567722
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01132916
IRS990ScheduleD/RevenueNotReportedAmt01132916
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02718741
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, 2016 or 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt02567722
IRS990ScheduleD/TotalRevenuePerForm990Amt02718741
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03851657
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02567722
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt030000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0349484
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt027533
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt020143
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0189002
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Rene A Drouin
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0616162
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0The Organization's CEO is compensated through a related organization, Granite State Management & Resources, which 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/ExplanationTxt1New Hampshire Higher Education Loan Corporation maintains a 457(f) nonqualified deferred compensation plan for the benefit of Rene Drouin. In 2015, a tax-deferred contribution of $20,000 was made into the plan.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, Line 4b
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
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 582,388. Management and general expenses 0. Fundraising expenses 0. Total expenses 582,388.
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/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0812329622
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Call Service Center
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Granite Business Solutions Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt04 Barrell Court PO Box 2087
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Concord
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd0033022087
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0New Hampshire Higher Education Loan Corporation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Granite State Management & Resources
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1New Hampshire Higher Education Loan Corporation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2NHHEAF Network Education Foundation

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,839,429
Liabilities
$10,803,882
Net assets
$13,035,547
Revenue
$2,718,741
Expenses
$2,567,722
Net income
$151,019
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
2016Detailed filing. Detailed filing data is available for this year.$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
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$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