Holt-Elwell Memorial Foundation
- Assets
- $5.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 63
- Location
- Hebron, NH
- Founding
- 03/1964
- Data as of
- 10/2023
- EIN
- 02-0261932
Organization Overview
Holt-Elwell Memorial Foundation is located in Hebron, NH. The organization was established in 1964. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 10/2023, Holt-Elwell Memorial Foundation employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holt-Elwell Memorial Foundation 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 10/2023, Holt-Elwell Memorial Foundation generated $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $1.6m during the year ending 10/2023. While expenses have increased by 6.8% 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
OPERATE A BOY'S SUMMER CAMP WHERE THE FOCUS IS ON PERSONAL GROWTH, CHARACTER DEVELOPMENT, AND COMMUNITY BUILDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A SUMMER EXPERIENCE FOR BOYS IN GROUP LIVING WHERE THEY MAY DEVELOP SKILLS IN SPORTS AND CAMPING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tomo Nishino President | OfficerTrustee | 2 | $0 |
Bill Tweedy Vice Preside | OfficerTrustee | 2 | $0 |
Anabela Perozek Treasurer | OfficerTrustee | 2 | $0 |
Will Scott Secretary | OfficerTrustee | 2 | $0 |
Erik Bernhardt Director | Trustee | 1 | $0 |
Joe Bouboulis 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 | $986,841 |
| Noncash contributions included in lines 1a–1f | $54,357 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $986,841 |
| Total Program Service Revenue | $1,057,450 |
| Investment income | $94,384 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,805 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,932 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,204,006 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $176,950 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $610,117 |
| Pension plan accruals and contributions | $11,375 |
| Other employee benefits | $24,857 |
| Payroll taxes | $43,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,768 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,600 |
| Advertising and promotion | $13,719 |
| Office expenses | $13,343 |
| Information technology | $6,136 |
| Royalties | $0 |
| Occupancy | $70,303 |
| Travel | $7,841 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,708 |
| Interest | $18,554 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,223 |
| Insurance | $71,852 |
| All other expenses | $45,221 |
| Total functional expenses | $1,566,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,239 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $150,544 |
| Accounts receivable, net | $14,123 |
| 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 | $17,534 |
| Net Land, buildings, and equipment | $1,000,968 |
| Investments—publicly traded securities | $4,155,821 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,912 |
| Total assets | $5,632,141 |
| Accounts payable and accrued expenses | $45,215 |
| Grants payable | $0 |
| Deferred revenue | $37,000 |
| 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 | $342,467 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $424,682 |
| Net assets without donor restrictions | $2,933,346 |
| Net assets with donor restrictions | $2,274,113 |
| 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 | $5,632,141 |