Civic Intelligence

New Hampshire Higher Education Assistance Foundation

990 • Fiscal year 2019 • EIN 02-6007687

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

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

65th percentile

0.42x

Higher debt load relative to assets than 65% of similar nonprofits.

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

Liabilities / Revenue

95th percentile

6.13x

Higher debt load relative to revenue than 95% of similar nonprofits.

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

Net Margin

79th percentile

19%

Higher net margin than 79% of similar nonprofits.

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

Top Officer Pay

91st percentile

$753,956

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 42.3% of source-year revenue.

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

Asset Growth

46th percentile

3.1%

Faster asset growth than 46% of similar nonprofits.

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

Revenue Growth

14th percentile

-19%

Faster revenue growth than 14% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$26,317,500

Up $789,242 (+3.1%) from 2018

Net Assets

Up

$15,389,890

Up $388,643 (+2.6%) from 2018

Liabilities

Up

$10,927,610

Up $400,599 (+3.8%) from 2018

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin79th percentile

Revenue

Down

$1,781,252

Down $417,844 (-19%) from 2018

Expenses

Down

$1,435,712

Down $347,340 (-19%) from 2018

Net Income

Down

$345,540

Down $70,504 (-17%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth46th 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

2019

Assets$26,317,500
Liabilities$10,927,610
Net Assets$15,389,890
Open 2019 Filing

Operations Trend

Revenue Growth14th 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

2019

Revenue$1,781,252
Expenses$1,435,712
Net Income$345,540
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Feb 14, 2020
Return Version
2018v3.1
Gross Receipts
$3,434,702
Mission and Program Overview

Mission

Student loan guarantor

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$22,530,145$23,365,120▲ $834,975
Savings and Temporary Cash Investments$2,732,125$2,617,882▼ $114,243
Accounts Receivable$218,639$285,913▲ $67,274
Total Assets$25,528,258$26,317,500▲ $789,242
Other Assets Total$47,349$48,585▲ $1,236
Liabilities
Grants Payable$9,634,817$10,085,082▲ $450,265
Deferred Revenue$847,000$776,000▼ $71,000
Accounts Payable and Accrued Expenses$45,194$66,528▲ $21,334
Total Liabilities$10,527,011$10,927,610▲ $400,599
Net Assets / Fund Balance
Unrestricted Net Assets$15,001,247$15,389,890▲ $388,643
Total Net Assets Fund Balance$15,001,247$15,389,890▲ $388,643
Total Liabilities and Net Assets / Fund Balance$25,528,258$26,317,500▲ $789,242
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeOtherTotal
Christiana ThorntonPresident & CEOPT$66,923$66,923

Board Members and Trustees

NameTitle
Michael DeBlasiChairman
Rene A DrouinPresident & CEO (end 10/18)
Todd EmmonsVice Chairman
Deborah ScireTrustee
John GennettiTrustee
Susan HuardTrustee
Rick ElwellTrustee (start 2/19)
David BellmanTreasurer & Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Granite State Mgmt & ResManagement services4 Barrell Court PO Box 2087, Concord, NH 03301$1,278,025
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,148,202
Investment Income
$631,438
Other Revenue
$1,612
Change in Net Assets
$345,540

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,757,297
Revenue Not Reported on Financial Statements
$23,955
Revenue Not Reported on Form 990
$43,103
Total Revenue per Audited Statements
$1,800,400
Total Revenue per Form 990
$1,781,252
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,435,712
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$942,300$90,100-$1,032,400
Fees for Services Other$208,952--$208,952
Fees for Services Accounting-$55,240-$55,240
Fees for Services Legal-$36,152-$36,152
Fees for Services Lobbying$29,120--$29,120
Travel$25,794--$25,794
Fees for Service Investment Mgmnt Fees-$23,955-$23,955
Other Expenses-$17,800-$17,800
Office Expenses$6,299--$6,299
Total Functional Expenses$1,212,465$223,247$0$1,435,712

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,435,712
Expenses per Audited Statements$1,411,757
Total Expenses per Audited Statements$1,411,757
Expenses Not Reported on Financial Statements$23,955
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
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 11B

“A copy of the form 990 was emailed to the board before filing. Board members had the opportunity to review the form and ask questions or 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 B, line 15

“An on-going internal review of salaries is conducted by Human Resources Management of GSMR using salary surveys from local and national resources to compare salaries for positions in the organization to local market data. The compensation structure is adjusted based on the results of these reviews. An independent consultant completed the Affirmative Action Plan, which included a review of salary and hiring practices to ensure nondiscrimination. The Organization's internal review of market data for staff and executive salaries includes executive salaries for organizations of comparable size, structure, operations and asset composition to GSM&R. This review also is evaluated by an independent consultant on a periodic basis. Based on this comparative market data, the Chairman of the Board of GSMR and the Chairman of its Compensation Committee review the proposed CEO and other senior officer compensation packages for reasonableness and fairness.”

Form 990, Part VI, Section C, line 19

“The organization will 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
Christiana Thornton
Title
President & CEO
Phone
6032256612
Signed
2020-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christiana Thornton
Formed
1962
Legal Domicile
Nh
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

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

Additional Explanations

Form 990, Part IX, line 11G

“Collection Agency Fees: Program service expenses 208,952. Management and general expenses 0. Fundraising expenses 0. Total expenses 208,952.”

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, 2019 or 2018.”

Raw XML AppendixShowing 400 of 528 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.

Path#Value
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.20
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IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt6Treasurer & Secretary
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IRS990/ProgramServiceRevenueGrp/Desc1Government Fees & Contracts
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IRS990/ProgramServiceRevenueGrp/Desc3Consolidation Fees
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt384216
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1327738
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2237841
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IRS990/PYContributionsGrantsAmt00
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IRS990/PYOtherExpensesAmt01783052
IRS990/PYOtherRevenueAmt0534
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IRS990/PYRevenuesLessExpensesAmt0416044
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01783052
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02199096
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0345540
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01149814
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02732125
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02617882
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0462855
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0366067
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0381629
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0480342
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02286457
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01149814
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01627836
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01913826
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02623067
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02909748
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt010224291
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0595564
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0462855
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0366067
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0381629
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0480342
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02286457
IRS990ScheduleA/InvestmentIncomeCYPct00.18280
IRS990ScheduleA/InvestmentIncomePYPct00.12440
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.81720
IRS990ScheduleA/PublicSupportPY509Pct00.87560
IRS990ScheduleA/PublicSupportTotal509Amt010224291
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01149814
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01627836
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01913826
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02623067
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02909748
IRS990ScheduleA/Total509Grp/TotalAmt010224291
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01745378
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02090691
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02279893
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03004696
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03390090
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012510748
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/DirectContactLegislatorsInd00
IRS990ScheduleC/GrantsOtherOrganizationsAmt029120
IRS990ScheduleC/GrantsOtherOrganizationsInd01
IRS990ScheduleC/MailingsMembersInd00
IRS990ScheduleC/MediaAdvertisementsInd00
IRS990ScheduleC/NotDescribedSection501c3Ind00
IRS990ScheduleC/OtherActivitiesInd00
IRS990ScheduleC/PaidStaffOrManagementInd00
IRS990ScheduleC/PublicationsOrBroadcastInd00
IRS990ScheduleC/RalliesDemonstrationsInd00
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0The Organization paid $29,120 to Thompson & Coburn, a K Street Washington, DC law firm, in part for services related to lobbying activities and information on pending legislation that may impact the Organization.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0Part II-B, Line 1:
IRS990ScheduleC/TotalLobbyingExpendituresAmt029120
IRS990ScheduleC/VolunteersInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt023955
IRS990ScheduleD/ExpensesSubtotalAmt01411757
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt023955
IRS990ScheduleD/InvestmentExpensesNotIncldAmt023955
IRS990ScheduleD/NetUnrealizedGainsInvstAmt043103
IRS990ScheduleD/RevenueNotReportedAmt043103
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt023955
IRS990ScheduleD/RevenueSubtotalAmt01757297
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, 2019 or 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01435712
IRS990ScheduleD/TotalRevenuePerForm990Amt01781252
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01800400
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01411757
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0293147
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0379699
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt029899
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt021554
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt029657
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Rene A Drouin
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President & CEO (end 10/18)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0753956
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0The Organization's President & CEO is compensated through a related organization, Granite State Management & Resources; that organization used a compensation committee, Form 990 of other organizations, a compensation study, and board/compensation committee approval to establish the President & CEO's compensation.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1New Hampshire Higher Education Loan Corporation, a related organization, maintains a 457(f) nonqualified deferred compensation plan for the benefit of Rene Drouin. In 2018, a tax-deferred contribution of $15,000 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/ExplanationTxt3An on-going internal review of salaries is conducted by Human Resources Management of GSMR using salary surveys from local and national resources to compare salaries for positions in the organization to local market data. The compensation structure is adjusted based on the results of these reviews. An independent consultant completed the Affirmative Action Plan, which included a review of salary and hiring practices to ensure nondiscrimination. The Organization's internal review of market data for staff and executive salaries includes executive salaries for organizations of comparable size, structure, operations and asset composition to GSM&R. This review also is evaluated by an independent consultant on a periodic basis. Based on this comparative market data, the Chairman of the Board of GSMR and the Chairman of its Compensation Committee review the proposed CEO and other senior officer compensation packages for reasonableness and fairness.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization will provide its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Collection Agency Fees: Program service expenses 208,952. Management and general expenses 0. Fundraising expenses 0. Total expenses 208,952.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 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/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 Educational Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0020404239
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1020368776
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2300289044
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$26,317,500
Liabilities
$10,927,610
Net assets
$15,389,890
Revenue
$1,781,252
Expenses
$1,435,712
Net income
$345,540
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
2019Detailed filing. Detailed filing data is available for this year.$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
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