Greater Monadnock Collaborative
- Assets
- $626.3k
- Revenue
- $638.8k
- Investments
- $0.0
- Employees
- 13
- Location
- Keene, NH
- Founding
- 01/1959
- Data as of
- 09/2022
- EIN
- 02-0214564
Organization Overview
Greater Monadnock Collaborative is located in Keene, NH. The organization was established in 1959. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Greater Monadnock Collaborative employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Monadnock Collaborative 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 09/2022, Greater Monadnock Collaborative generated $638.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $485.4k during the year ending 09/2022. While expenses have increased by 4.1% per year over the past 7 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
TO ADVANCE COMMERCIAL, INDUSTRIAL, CIVIC, RECREATIONAL AND GENERAL WELFARE INTERESTS OF THE MONADNOCK REGION AND ITS TRADE AREA BY PROVIDING INFORMATION ABOUT AND STIMULATING ACTIVITY AND PROMOTION IN THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED AN OFFICE/VISITOR CENTER IN PETERBOROUGH AND A STOREFRONT OFFICE AND VISITOR CENTER IN KEENE, ORGANIZED MULTIPLE EVENTS TO PROMOTE LOCAL ORGANIZATIONS AND BUSINESSES WHILE BRINGING COMMERCE TO THE MONADNOCK REGION. DEVELOPED WAYS TO COMMUNICATE OUR MEMBER'S MESSAGES WITH PODCASTS AND LIVE NETWORKING. CONVENING BUSINESS AND COMMUNITY LEADERS TO SUPPORT THE LOCAL ECONOMY THROUGH VARIOUS FORMATS.
COLLABORATED WITH OTHER ENTITIES TO EXECUTE FESTIVALS IN THE REGION, DEVELOPED MEDIA TO CONNECT THE BUSINESSES TO THE COMMUNITY, CREATED A MARKETING PROGRAM TO ATTRACT PEOPLE TO VISIT, LIVE WORK AND LEARN IN THE MONADNOCK REGION, DEVELOPED MULTIPLE PLATFORMS FOR SHARING THE INFORMATION WITH THE COMMUNITY AND OUTSIDE THE REGION.
PROVIDED LEADERSHIP TRAINING TO AREA WORKFORCE WITH WORKSHOPS AND FORUMS TO EDUCATE THE WORKFORCE TO ASSIST IN RETENTION AND RECRUITING FOR AREA BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Richardson Director | Trustee | 1 | $0 |
Bob Cox Director | Trustee | 1 | $0 |
Brian Donovan Director | Trustee | 1 | $0 |
Chris Coates Director | Trustee | 1 | $0 |
David Hansel Director | Trustee | 1 | $0 |
Derek Delaney Director | Trustee | 1 | $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 | $327,740 |
| Noncash contributions included in lines 1a–1f | $7,750 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $327,740 |
| Total Program Service Revenue | $280,796 |
| Investment income | $45 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $30,207 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $638,788 |
| 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. | $81,538 |
| Compensation of current officers, directors, key employees. | $26,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $200,807 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,702 |
| Payroll taxes | $23,792 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,111 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,526 |
| Advertising and promotion | $18,820 |
| Office expenses | $8,238 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,061 |
| Travel | $3,651 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,172 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,742 |
| Insurance | $6,527 |
| All other expenses | $18,804 |
| Total functional expenses | $485,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $508,367 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,045 |
| 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 | $4,935 |
| Net Land, buildings, and equipment | $98,367 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $600 |
| Total assets | $626,314 |
| Accounts payable and accrued expenses | $6,067 |
| Grants payable | $0 |
| Deferred revenue | $13,932 |
| 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 | $145,672 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $165,671 |
| Net assets without donor restrictions | $460,643 |
| 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 | $626,314 |