New Hampshire Motor Transport Association
- Assets
- $2.0m
- Revenue
- $466.8k
- Investments
- $400.0
- Employees
- 0
- Location
- Concord, NH
- Founding
- 01/1952
- Data as of
- 12/2022
- EIN
- 02-0172481
Organization Overview
New Hampshire Motor Transport Association is located in Concord, NH. The organization was established in 1952. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hampshire Motor Transport Association 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 12/2022, New Hampshire Motor Transport Association generated $466.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $468.7k during the year ending 12/2022. While expenses have increased by 3.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MOTOR TRANSPORT ISSUES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDED EDUCATIONAL AND SAFETY INFORMATION TO ITS 259 MEMBERS THROUGH MAILINGS, NEWSLETTERS, AND SEMINARS. 29 SEMINARS WERE HELD IN 2022 WITH 104 ATTENDEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Law Director | Trustee | 0.5 | $0 |
Carmine Sarno Jr Director | Trustee | 0.5 | $0 |
Donald Hemenway Director | Trustee | 0.5 | $0 |
E Bruce Lyskawa Director | Trustee | 0.5 | $0 |
George Orchard Director | Trustee | 0.5 | $0 |
J Martin Mclaughlin Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $353,865 |
| Investment income | $19,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $104,004 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,347 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $466,786 |
| 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. | $209,090 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,821 |
| Payroll taxes | $4,976 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $22,255 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,770 |
| Travel | $14,194 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $140,408 |
| Interest | $5,630 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,063 |
| Insurance | $3,924 |
| All other expenses | $0 |
| Total functional expenses | $468,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,874 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,637 |
| 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 | $42,638 |
| Net Land, buildings, and equipment | $1,078,932 |
| Investments—publicly traded securities | $737,578 |
| Investments—other securities | $400 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,587 |
| Total assets | $2,039,646 |
| Accounts payable and accrued expenses | $16,985 |
| Grants payable | $0 |
| Deferred revenue | $220,517 |
| 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 | $647,314 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $723,160 |
| Total liabilities | $1,607,976 |
| Net assets without donor restrictions | $0 |
| 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 | $431,670 |
| Total liabilities and net assets/fund balances | $2,039,646 |