Business And Industry Association Of Nh
- Assets
- $1.6m
- Revenue
- $1.5m
- Investments
- $851.9k
- Employees
- 8
- Location
- Concord, NH
- Founding
- 05/1945
- Data as of
- 12/2023
- EIN
- 02-0172300
Organization Overview
Business And Industry Association Of Nh is located in Concord, NH. The organization was established in 1945. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2023, Business And Industry Association Of NH employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Business And Industry Association Of NH is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Business And Industry Association Of NH generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 0.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE A HEALTHY CLIMATE FOR JOB CREATION AND A STRONG NEW HAMPSHIRE ECONOMY. THROUGH ADVOCACY WITH STATE LEGISLATORS AND REGULATORS, THE ORGANIZATION SHAPES BUSINESS-FRIENDLY PUBLIC POLICY AND PROVIDES COUNTERBALANCE TO LEGISLATION AND REGULATION THAT THREATENS THE GROWTH AND PROSPERITY OF NEW HAMPSHIRE BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONDUCTS CONFERENCES, SEMINARS, AND MEETINGS AT VARIOUS TIMES AND LOCATIONS THROUGHOUT THE STATE FOR MEMBERS AND GUESTS. SUCH EVENTS INCLUDE: ANNUAL SMALL BUSINESS DAY AT THE STATE HOUSE, BIA AND NH DES CO-SPONSORED ENVIRONMENTAL SYMPOSIUMS, NH ECONOMIC SUMMIT, NH ENERGY SEMINAR, AND VARIOUS PANEL DISCUSSIONS AND ROUNDTABLE EVENTS INCLUDING TOPICS SUCH AS DOING BUSINESS ABROAD, STATE EDUCATION AND TRANSPORTATION FUNDING, AND OTHER STATE POLICIES OF INTEREST TO BUSINESS OWNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Kacavas Chair | OfficerTrustee | 1 | $0 |
Katherine Garfield Chair-Elect | OfficerTrustee | 1 | $0 |
Sheryl Mcquade Past-Chair | OfficerTrustee | 1 | $0 |
Stephen Lawlor Treasurer | OfficerTrustee | 1 | $0 |
Scott Ellison Secretary | OfficerTrustee | 1 | $0 |
Mike Skelton President | OfficerTrustee | 40 | $276,760 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $952,603 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $952,603 |
| Total Program Service Revenue | $216,721 |
| Investment income | $17,226 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $269,566 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,498,497 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $313,520 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $540,843 |
| Pension plan accruals and contributions | $55,321 |
| Other employee benefits | $81,939 |
| Payroll taxes | $58,696 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,378 |
| Office expenses | $32,201 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $135,057 |
| Travel | $4,274 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $119,104 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,027 |
| Insurance | $7,714 |
| All other expenses | $3,791 |
| Total functional expenses | $1,506,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $490,415 |
| Savings and temporary cash investments | $54,513 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $96,897 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,164 |
| Net Land, buildings, and equipment | $60,186 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $851,860 |
| Investments—program-related | $0 |
| Intangible assets | $6,135 |
| Other assets | $0 |
| Total assets | $1,576,170 |
| Accounts payable and accrued expenses | $135,998 |
| Grants payable | $0 |
| Deferred revenue | $23,645 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $159,643 |
| Net assets without donor restrictions | $1,416,527 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,576,170 |