New Hampshire Institute of Art
- Assets
- $0.0
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 293
- Location
- Manchester, NH
- Founding
- 10/1939
- Data as of
- 06/2019
- EIN
- 02-0222154
Organization Overview
New Hampshire Institute of Art is located in Manchester, NH. The organization was established in 1939. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2019, New Hampshire Institute of Art employed 293 individuals. New Hampshire Institute of Art is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2019, New Hampshire Institute of Art generated $13.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $14.0m during the year ending 06/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE, ENGAGE AND EMPOWER THROUGH THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1898 THE NEW HAMPSHIRE INSTITUTE OF ART (NHIA) HAS REMAINED COMMITTED TO ITS MISSION OF EDUCATING, ENGAGING, AND EMPOWERING THROUGH THE ARTS. NHIA IS THE OLDEST AND LARGEST NON-PROFIT ARTS INSTITUTION IN NEW HAMPSHIRE. TODAY OUR VISION IS TO BE SEEN AS A LEADER IN ARTS EDUCATION, RECOGNIZED FOR OUR ABILITY TO USE THE ARTS TO FOSTER POSITIVE CHANGE IN THE WORLD AND ENABLE INDIVIDUALS TO REACH THEIR FULL CREATIVE POTENTIAL. NHIA'S ACADEMIC PROGRAMS AND RESIDENCE HALLS ARE HOUSED IN 11 BUILDINGS SPREAD THROUGHOUT DOWNTOWN MANCHESTER, SHARON AND PETERBOROUGH, NH. THE NEW HAMPSHIRE INSTITUTE OF ART (NHIA) OFFERS BACHELOR OF FINE ARTS (BFA) DEGREE PROGRAMS IN CERAMICS, COMIC ARTS, CREATIVE WRITING, DESIGN, FINE ARTS, ILLUSTRATION PRINTMAKING, AND PHOTOGRAPHY AS WELL AS LOW-RESIDENCY MASTER OF FINE ARTS (MFA) DEGREE PROGRAMS IN CREATIVE WRITING, PHOTOGRAPHY, AND VISUAL ARTS, AND A MASTER OF ARTS IN TEACHING (MAT) DEGREE. NHIA'S COMMUNITY EDUCATION DIVISION OFFERS NON-CREDIT FINE ARTS CLASSES, WORKSHOPS, AND VISITING ARTISTS INTENSIVES TAUGHT BY A FACULTY OF ACCOMPLISHED AND PASSIONATE ARTISTS/EDUCATORS. OTHER OFFERINGS AT EITHER OUR MANCHESTER OR SHARON, NH CAMPUSES INCLUDE A PRE-COLLEGE SUMMER PROGRAM AND A CERTIFICATE IN CREATIVE PLACEMAKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Devereaux President | Officer | 37.5 | $209,487 |
Jonathan Lindsey Vice President Of Enrollment | 37.5 | $140,102 | |
William Schaaf Jr Vice President Of Academic Affairs | 37.5 | $106,904 | |
Karen Mayeu Past Faculty Trustee | Trustee | 2 | $62,941 |
Karen Hillson Past Faculty Trustee | Trustee | 2 | $59,385 |
Rich Pellegrino Past Faculty Trustee | Trustee | 2 | $44,090 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brady Sullivan Rental Services | 6/29/19 | $354,727 |
Chartwells Food Services | 6/29/19 | $706,333 |
Granite Ymca Rental Services | 6/29/19 | $109,856 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $116,719 |
| All other contributions, gifts, grants, and similar amounts not included above | $79,067 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,786 |
| Total Program Service Revenue | $10,972,241 |
| Investment income | $167,606 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $118,381 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,685,136 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,361,214 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $412,220 |
| Compensation of current officers, directors, key employees. | $242,332 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,824,761 |
| Pension plan accruals and contributions | $39,722 |
| Other employee benefits | $219,733 |
| Payroll taxes | $301,358 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,644 |
| Fees for services: Accounting | $58,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $72,832 |
| Fees for services: Other | $474,389 |
| Advertising and promotion | $62,508 |
| Office expenses | $387,010 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,239,019 |
| Travel | $140,098 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,908 |
| Interest | $660,025 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,439,220 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $14,028,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Hampshire Institute of Art has recieved totaling $4,159.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: for scholarships, designated distribution, dance collaboration, Sharon Arts Center | $4,159 |
Endowment Analysis
| Beg. Balance | $16,038,490 |
| Earnings | $247,264 |
| Net Contributions | $118,719 |
| Other Expense | $16,404,473 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Facing History And Ourselves Inc Brookline, MA | $73,328,621 | $41,887,209 |
New Hampshire Institute of Art Manchester, NH | $0 | $13,685,136 |
Archaeological Institute Of America Boston, MA | $15,760,718 | $9,516,750 |
Grub Street Inc Boston, MA | $11,789,751 | $6,194,111 |
Massachusetts Foundation For Humanities & Public Policy Inc Northampton, MA | $5,459,240 | $2,846,841 |
Maine Humanities Council Portland, ME | $3,529,954 | $1,686,793 |
New England Foundation For Psychoanalysis Inc Wellesley Hills, MA | $202,508 | $1,485,871 |
Verse Video Education Inc Brookline, MA | $2,537,587 | $2,839,483 |
Japanese Language School Of Greater Boston Inc Arlington, MA | $2,165,020 | $974,043 |
Partnerships For Literacy And Learning Corp Montpelier, VT | $245,613 | $523,707 |
Newton Chinese Language School Newtonville, MA | $925,429 | $507,306 |
Alice James Poetry Cooperative Inc New Gloucester, ME | $425,517 | $373,882 |