Holt-Elwell Memorial Foundation
- Assets
- $4.0m
- Revenue
- $776.4k
- Investments
- $0.0
- Employees
- 54
- Location
- Hebron, NH
- Founding
- 03/1964
- Data as of
- 10/2020
- 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 10/2020, Holt-Elwell Memorial Foundation employed 54 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 10/2020, Holt-Elwell Memorial Foundation generated $776.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $701.5k during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 6 years. 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
2020
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Robbins Director | Officer | 60 | $114,712 |
James Graff President | OfficerTrustee | 2 | $0 |
Tomo Nishino Vice Preside | OfficerTrustee | 2 | $0 |
Roel Hoekstra Director | Trustee | 1 | $0 |
Will Scott Secretary | OfficerTrustee | 2 | $0 |
Joe Bouboulis Part Year Di | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $626,214 |
| Investment income | $93,060 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$145 |
| Net Gain/Loss on Asset Sales | $52,992 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $125 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $776,439 |
| Statement of Expenses | |
|---|---|
| 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. | $117,885 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $193,460 |
| Pension plan accruals and contributions | $9,146 |
| Other employee benefits | $24,416 |
| Payroll taxes | $23,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,303 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50 |
| Advertising and promotion | $23,355 |
| Office expenses | $9,130 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,824 |
| Travel | $2,120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,826 |
| Interest | $10,501 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,214 |
| Insurance | $40,906 |
| All other expenses | $0 |
| Total functional expenses | $701,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,868 |
| Savings and temporary cash investments | $241,395 |
| Pledges and grants receivable | $332,211 |
| Accounts receivable, net | $4,658 |
| 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 | $12,550 |
| Investments—publicly traded securities | $2,377,123 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,829 |
| Total assets | $4,039,444 |
| Accounts payable and accrued expenses | $45,135 |
| Grants payable | $0 |
| Deferred revenue | $229,651 |
| 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 | $244,435 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $91,700 |
| Total liabilities | $610,921 |
| 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 |
| Total liabilities and net assets/fund balances | $3,428,523 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Holt-Elwell Memorial Foundation has recieved totaling $104,536.
| Awarding Organization | Amount |
|---|---|
Philmoney Trust Providence, RI PURPOSE: CHARITY | $50,000 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $15,000 |
Walbridge Family Foundation Inc Blue Bell, PA PURPOSE: GENERAL CONTRIBUTION | $15,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $14,526 |
Charles Foundation Inc Morristown, NJ PURPOSE: EDUCATION | $5,000 |
Shane Foundation Boston, MA PURPOSE: GENERAL | $2,500 |
Endowment Analysis
| Beg. Balance | $2,109,919 |
| Earnings | $355,659 |
| Net Contributions | $422,638 |
| Other Expense | $100,772 |
| Ending Balance | $2,787,444 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Responsive Schools Inc Turners Falls, MA | $25,338,958 | $15,592,654 |
Aloha Foundation Inc Fairlee, VT | $55,861,935 | $11,897,602 |
Eli And Bessie Cohen Camps Wellesley, MA | $10,639,534 | $7,379,117 |
Camp Ramah In New England Norwood, MA | $14,386,736 | $8,356,942 |
Keewaydin Foundation Salisbury, VT | $35,301,903 | $7,611,414 |
West End House Inc Allston, MA | $17,469,394 | $5,061,990 |
American Youth Foundation Center Tuftonboro, NH | $53,337,944 | $8,086,027 |
Crossroads For Kids Inc Duxbury, MA | $15,283,715 | $4,752,902 |
Christian Camps & Conferences Alton, NH | $13,413,417 | $4,814,206 |
Farm & Wilderness Foundation Inc Plymouth, VT | $16,899,467 | $4,786,923 |
Head Of The Charles Regatta Inc Cambridge, MA | $9,248,813 | $3,839,305 |
Camp Berea Inc Hebron, NH | $12,875,909 | $4,303,735 |