Hanover Improvement Society Corp
- Assets
- $12.6m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 73
- Location
- Hanover, NH
- Founding
- 01/1986
- Data as of
- 03/2024
- EIN
- 02-0392580
Organization Overview
Hanover Improvement Society Corp is located in Hanover, NH. The organization was established in 1986. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 03/2024, Hanover Improvement Society Corp employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hanover Improvement Society Corp 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 03/2024, Hanover Improvement Society Corp generated $2.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $2.0m during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE HANOVER, NEW HAMPSHIRE A BETTER PLACE.
Describe the Organization's Program Activity:
STORRS POND RECREATION AREA - THIS FACILITY IS THE HIDDEN GEM OF OUTDOOR ACTIVITIES IN THE UPPER VALLEY. WE HAVE A POOL FOR SWIMMING AND SWIM LESSONS, A POND FOR SWIMMING AND BOATING, A CAMPGROUND WITH TENT AND RV HOOKUPS, FOUR TENNIS COURTS, A SPLASH PAD, DISC GOLF, AND FIVE PAVILIONS FOR FOLKS TO HOLD THEIR SPECIAL EVENTS. THIS YEAR, WE HAD 520 FAMILIES SIGNUP, AND AVERAGED OVER 750 PEOPLE A DAY VISITING FROM ALL OVER THE UPPER VALLEY AND NEW ENGLAND.
JAMES W. CAMPION III RINK - AN OUTSTANDING SKATING FACILITY THAT OPERATES FOR SEVEN MONTHS A YEAR, SEVEN DAYS A WEEK, AND SIXTEEN HOURS EACH DAY. WE HOST 17 DIFFERENT SKATING GROUPS REPRESENTING AGES 3 - 80. DRAWING FROM 43 LOCAL TOWNS FOR OUR RINK RUN PROGRAMS, WE ALSO OFFER COMMUNITY PUBLIC SKATE, LEARN TO SKATE, AND OPEN STICK TIMES. WE ALSO ARE THE HOST FOR 4 AREA HIGH SCHOOL HOCKEY TEAMS.
NUGGET THEATER - SINCE 1916 THE NUGGET THEATER HAS BEEN SHOWING THE FINEST FILMS HOLLYWOOD HAS TO OFFER. AS THE OLDEST MAIN STREET THEATER IN THE STATE, PEOPLE FROM ALL OVER THE TWIN STATES COME TO ENJOY THE BEST POPCORN MADE WITH REAL BUTTER, AS WELL AS THE LATEST FILMS AVAILABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aricca Van Citters President | OfficerTrustee | 1 | $0 |
Amy Hochreiter Vice President | OfficerTrustee | 1 | $0 |
Bill Hammond Treasurer | OfficerTrustee | 1 | $0 |
Rick Lemay Director | Trustee | 1 | $0 |
Kerry Artman Director | Trustee | 1 | $0 |
Phillip Mccaull Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Estes & Gallup Inc Construction | 3/30/24 | $4,959,711 |
Randall T Mudge Associates Architects Architect | 3/30/24 | $363,738 |
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 | $843,103 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $843,103 |
| Total Program Service Revenue | $1,659,068 |
| Investment income | $157,267 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,443 |
| Net Gain/Loss on Asset Sales | $147,580 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,852,461 |
| 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. | $125,937 |
| Compensation of current officers, directors, key employees. | $125,937 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $527,771 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $88,965 |
| Payroll taxes | $47,988 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $107,297 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,118 |
| Advertising and promotion | $12,706 |
| Office expenses | $40,512 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $325,516 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,344 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $193,807 |
| Insurance | $108,277 |
| All other expenses | $36,250 |
| Total functional expenses | $2,034,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,157 |
| Savings and temporary cash investments | $138,422 |
| Pledges and grants receivable | $732,160 |
| Accounts receivable, net | $41,464 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,986 |
| Prepaid expenses and deferred charges | $6,652 |
| Net Land, buildings, and equipment | $7,950,276 |
| Investments—publicly traded securities | $3,652,374 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,300 |
| Total assets | $12,649,791 |
| Accounts payable and accrued expenses | $111,501 |
| Grants payable | $0 |
| Deferred revenue | $138,574 |
| 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 | $89,426 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,081 |
| Total liabilities | $352,582 |
| Net assets without donor restrictions | $12,280,913 |
| Net assets with donor restrictions | $16,296 |
| 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 | $12,649,791 |