Civic Intelligence

Dartmouth Regional Technology Center

990 • Fiscal year 2020 • EIN 26-0092973

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 06, 2020

16 Cavendish Ctcenterra Res ParkLebanon, NH 03766

(603) 643-5174

Siviq Scores

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

Liabilities / Assets

86th percentile

0.54x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

1.24x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Net Margin

68th percentile

22%

Higher net margin than 68% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Asset Growth

85th percentile

27%

Faster asset growth than 85% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

70th percentile

11%

Faster revenue growth than 70% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$4,631,241

Up $985,937 (+27%) from 2019

Net Assets

Up

$2,136,176

Up $447,137 (+26%) from 2019

Liabilities

Up

$2,495,065

Up $538,800 (+28%) from 2019

Revenue

Up

$2,007,849

Up $202,714 (+11%) from 2019

Expenses

Down

$1,560,712

Down $10,803 (-0.7%) from 2019

Net Income

Up

$447,137

Up $213,517 (+91%) from 2019

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2014: $3,741,178Liabilities 2014: $3,947,606Net Assets 2014: -$206,4282014Assets 2015: $3,462,838Liabilities 2015: $3,563,939Net Assets 2015: -$101,1012015Assets 2016: $3,542,541Liabilities 2016: $3,205,814Net Assets 2016: $336,7272016Assets 2017: $3,891,705Liabilities 2017: $2,457,281Net Assets 2017: $1,434,4242017Assets 2019: $3,645,304Liabilities 2019: $1,956,265Net Assets 2019: $1,689,0392019Assets 2020: $4,631,241Liabilities 2020: $2,495,065Net Assets 2020: $2,136,1762020Assets 2021: $5,483,017Liabilities 2021: $3,142,808Net Assets 2021: $2,340,2092021Assets 2022: $5,511,627Liabilities 2022: $2,966,971Net Assets 2022: $2,544,6562022Assets 2023: $5,725,417Liabilities 2023: $3,069,558Net Assets 2023: $2,655,8592023Assets 2025: $5,766,843Liabilities 2025: $2,717,477Net Assets 2025: $3,049,3662025

Highlighted filing

2020

Assets$4,631,241
Liabilities$2,495,065
Net Assets$2,136,176

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $1,709,152Expenses 2014: $1,904,114Net Income 2014: -$194,9622014Revenue 2015: $1,788,355Expenses 2015: $1,683,028Net Income 2015: $105,3272015Revenue 2016: $1,827,995Expenses 2016: $1,390,167Net Income 2016: $437,8282016Revenue 2017: $2,572,946Expenses 2017: $1,475,249Net Income 2017: $1,097,6972017Revenue 2019: $1,805,135Expenses 2019: $1,571,515Net Income 2019: $233,6202019Revenue 2020: $2,007,849Expenses 2020: $1,560,712Net Income 2020: $447,1372020Revenue 2021: $1,886,046Expenses 2021: $1,682,013Net Income 2021: $204,0332021Revenue 2022: $2,160,751Expenses 2022: $1,956,304Net Income 2022: $204,4472022Revenue 2023: $2,113,757Expenses 2023: $2,002,554Net Income 2023: $111,2032023Revenue 2025: $2,423,800Expenses 2025: $2,330,954Net Income 2025: $92,8462025

Highlighted filing

2020

Revenue$2,007,849
Expenses$1,560,712
Net Income$447,137
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 6, 2020
Return Version
2019v5.1
Gross Receipts
$2,007,849
Mission and Program Overview

Mission

Business incubator promoting and supporting business venture growth in the local region and encouraging positive economic benefit in the state of new hampshire

The organization's purpose is to promote and support local business growth and economic development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$2,478,682$2,360,404▼ $118,278
Land, Buildings, and Equipment, Net$619,456$1,374,533▲ $755,077
Savings and Temporary Cash Investments$285,852$291,127▲ $5,275
Cash and Non-Interest-Bearing Accounts$21,941$277,535▲ $255,594
Pledges and Grants Receivable-$168,113-
Accounts Receivable$239,373$159,529▼ $79,844
Total Assets$3,645,304$4,631,241▲ $985,937
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,843,665$2,267,363▲ $423,698
Accounts Payable and Accrued Expenses$87,788$221,168▲ $133,380
Deferred Revenue$22,416$6,534▼ $15,882
Other Liabilities$2,396$0▼ $2,396
Total Liabilities$1,956,265$2,495,065▲ $538,800
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,689,039$1,923,717▲ $234,678
Net Assets With Donor Restrictions-$212,459-
Total Net Assets Fund Balance$1,689,039$2,136,176▲ $447,137
Total Liabilities and Net Assets / Fund Balance$3,645,304$4,631,241▲ $985,937

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$881,502-$881,502
Leasehold Improvements$491,809$279,888$771,697
Equipment$1,222$135,178$136,400
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Hazen Hill Construction LLCFacility And Office Management7 LUCENT DRIVE, Lebanon, NH 03766$234,812
Revenue and Support

Revenue Composition

Contributions and Grants
$212,459
Program Service Revenue
$1,791,121
Investment Income
$3,202
Other Revenue
$1,067
Change in Net Assets
$447,137

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,007,849
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,007,849
Total Revenue per Form 990
$2,007,849
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,508,714
Grants and Similar Amounts Paid$51,998
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$861,510--$861,510
Fees for Services Management-$120,060-$120,060
Depreciation Depletion$108,158--$108,158
Grants to Domestic Orgs$51,998--$51,998
Fees for Services Accounting-$48,400-$48,400
Insurance$36,479$11,064-$47,543
All Other Expenses$6,816$1,972-$8,788
Other Expenses$1,738--$1,738
Fees for Services Other$800--$800
Office Expenses-$158-$158
Total Functional Expenses$1,379,058$181,654$0$1,560,712

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,560,712
Total Expenses per Audited Statements$1,560,712
Total Expenses per Form 990$1,560,712
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Grafton Regional Development CorporationPlymouth, NH-For Economic Development Initiatives, Projects, Etc.$25,000
North Country CouncilLittleton, NH-For Economic Development Initiatives, Projects, Etc.$25,000
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
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
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
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
No

Governance Explanations

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

Forms are prepared by an independent cpa, and are reviewed by the board chair prior to signature and filings.

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

The organization monitors all potential and executed transactions for conflicts of interest.

Form 990, Part VI, Section C, Line 19

Governing documents, financial statements, policies and other information are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Dartmouth Regional Technology Center
EIN
26-0092973
Phone
6036435174
Address
16 CAVENDISH CTCENTERRA RES PARK, LEBANON, NH 03766

Signing Officer

Name
Trip Davis
Title
Chair
Phone
6036435174
Signed
2020-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Trip Davis
Formed
2004
Legal Domicile
Nh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Gallagher Flynn & Company Llp
Address
55 COMMUNITY DRIVE SUITE 401, SOUTH BURLINGTON, VT 05403
Preparer
Stephen P Trenholm CPA
Phone
8028631331
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Each year, management considers whether any material tax position the organization has taken is more likely than not to be sustained upon examination by the applicable taxing authority. Management believes that any positions the organization has taken are supported by substantial authority and, therefore, do not need to be measured or disclosed in these financial statements. Tax returns for years subsequent to june 30, 2016 are subject to examination by tax authorities.

Raw XML Appendix396 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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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt01222
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0135178
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0136400
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01560712
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0491809
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0279888
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0771697
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0881502
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0881502
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02007849
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EACH YEAR, MANAGEMENT CONSIDERS WHETHER ANY MATERIAL TAX POSITION THE ORGANIZATION HAS TAKEN IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. MANAGEMENT BELIEVES THAT ANY POSITIONS THE ORGANIZATION HAS TAKEN ARE SUPPORTED BY SUBSTANTIAL AUTHORITY AND, THEREFORE, DO NOT NEED TO BE MEASURED OR DISCLOSED IN THESE FINANCIAL STATEMENTS. TAX RETURNS FOR YEARS SUBSEQUENT TO JUNE 30, 2016 ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01374533
IRS990ScheduleD/TotalExpensesPerForm990Amt01560712
IRS990ScheduleD/TotalRevenuePerForm990Amt02007849
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02007849
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01560712
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt025000
IRS990ScheduleI/RecipientTable/CashGrantAmt125000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FOR ECONOMIC DEVELOPMENT INITIATIVES, PROJECTS, ETC.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1FOR ECONOMIC DEVELOPMENT INITIATIVES, PROJECTS, ETC.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GRAFTON REGIONAL DEVELOPMENT CORPORATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1NORTH COUNTRY COUNCIL
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0131 MAIN ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1161 MAIN ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PLYMOUTH
IRS990ScheduleI/RecipientTable/USAddress/CityNm1LITTLETON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NH
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd003264
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd103561
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORMS ARE PREPARED BY AN INDEPENDENT CPA, AND ARE REVIEWED BY THE BOARD CHAIR PRIOR TO SIGNATURE AND FILINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MONITORS ALL POTENTIAL AND EXECUTED TRANSACTIONS FOR CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, POLICIES AND OTHER INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NH
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03645304
IRS990/TotalAssetsEOYAmt04631241
IRS990/TotalAssetsGrp/BOYAmt03645304
IRS990/TotalAssetsGrp/EOYAmt04631241
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0212459
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0181654
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01379058
IRS990/TotalFunctionalExpensesGrp/TotalAmt01560712
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01956265
IRS990/TotalLiabilitiesEOYAmt02495065
IRS990/TotalLiabilitiesGrp/BOYAmt01956265
IRS990/TotalLiabilitiesGrp/EOYAmt02495065
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01689039
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02136176
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01379058
IRS990/TotalProgramServiceRevenueAmt01791121
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt04269
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01791121
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02007849
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03645304
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04631241
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt016 CAVENDISH CT CENTERRA ROAD
IRS990/USAddress/CityNm0LEBANON
IRS990/USAddress/StateAbbreviationCd0NH
IRS990/USAddress/ZIPCd003766
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.THEDRTC.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-01-07 14:23:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TRIP DAVIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum06036435174
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DARTMOUTH REGIONAL TECHNOLOGY CENTER
ReturnHeader/Filer/BusinessNameControlTxt0DART
ReturnHeader/Filer/EIN0260092973
ReturnHeader/Filer/PhoneNum06036435174
ReturnHeader/Filer/USAddress/AddressLine1Txt016 CAVENDISH CTCENTERRA RES PARK
ReturnHeader/Filer/USAddress/CityNm0LEBANON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NH
ReturnHeader/Filer/USAddress/ZIPCd003766
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0E92608B5359A74535CCF3E3FAB804A4942986F47
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.100.70.165
ReturnHeader/FilingSecurityInformation/IPDt02020-11-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm009:54:03
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0030225774
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GALLAGHER FLYNN & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt055 COMMUNITY DRIVE SUITE 401
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SOUTH BURLINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd005403
ReturnHeader/PreparerPersonGrp/PhoneNum08028631331
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHEN P TRENHOLM CPA
ReturnHeader/ReturnTs02020-11-09T08:18:20-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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