New Hampshire Bankers Association
- Assets
- $2.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Concord, NH
- Founding
- 02/1983
- Data as of
- 06/2023
- EIN
- 02-0235648
Organization Overview
New Hampshire Bankers Association is located in Concord, NH. The organization was established in 1983. 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 06/2023, New Hampshire Bankers Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hampshire Bankers 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 06/2023, New Hampshire Bankers Association generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. While expenses have increased by 4.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES TO MEMBER BANKS AND TO FOSTER A BANKING ENVIRONMENT THAT STRENGTHENS OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE BELOW FOR THE SCHEDULE OF CONFERENCES AND SEMINARS HELD FOR MEMBER BANKS-ATTENDANCE CONSISTS OF MEMBER BANKS' EMPLOYEES:ANNUAL CONFERENCECFOCOMPLIANCE CONFERENCECAPITAL DAYCREDIT ANALYST PROGRAMCOMMERCIAL LENDINGDIRECTORS COLLEGEEMERGING LEADERSFALL COMPLIANCEWOMEN'S GOLF TOURNAMENTMORTGAGESBSSBA AWARDSBANK SECRECYSECURITYSPRING CEONNE CEOTEXAS TEL/WEBWOMEN IN BANKINGABA RESELLER AGREEMENTSHE GETS ITTRUST FORUMTRUSTEES & DIRECTORANNUAL MEETINGFALL WASH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristy Merrill President | Officer | 55 | $196,017 |
Sandra Tracy Svp/coo | Officer | 40 | $139,493 |
Ryan Hale V. Pres-Govt Rlts | Officer | 40 | $119,857 |
James Brannen Secretary | OfficerTrustee | 1 | $0 |
Jack Clancy Treasurer | OfficerTrustee | 1 | $0 |
Linda Lorden Vice Chair | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,205,300 |
| Investment income | $480,591 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11,808 |
| Net Rental Income | $370 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,995,780 |
| 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. | $597,709 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,578 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $43,768 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,469 |
| Fees for services: Accounting | $57,770 |
| Fees for services: Lobbying | $72,100 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,191 |
| Advertising and promotion | $0 |
| Office expenses | $30,978 |
| Information technology | $54,252 |
| Royalties | $0 |
| Occupancy | $62,565 |
| Travel | $42,104 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $354,267 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,882 |
| Insurance | $17,821 |
| All other expenses | $30,653 |
| Total functional expenses | $1,616,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $599,028 |
| Savings and temporary cash investments | $1,103,488 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,267 |
| 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 | $35,975 |
| Net Land, buildings, and equipment | $82,991 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $400,966 |
| Total assets | $2,270,715 |
| Accounts payable and accrued expenses | $118,192 |
| 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 | $280,297 |
| Total liabilities | $398,489 |
| Net assets without donor restrictions | $1,872,226 |
| 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 | $2,270,715 |