New Hampshire Tech Alliance
- Assets
- $288.9k
- Revenue
- $429.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Manchester, NH
- Founding
- 02/1984
- Data as of
- 12/2021
- EIN
- 02-0457786
Organization Overview
New Hampshire Tech Alliance is located in Manchester, NH. The organization was established in 1984. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 12/2021, New Hampshire Tech Alliance employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hampshire Tech Alliance 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 12/2021, New Hampshire Tech Alliance generated $429.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $364.1k during the year ending 12/2021. While expenses have increased by 2.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND FACILITATE THE ESTABLISHMENT, DEVELOPMENT, GROWTH AND SUCCESS OF TECHNOLOGY-BASED BUSINESS IN NEW HAMPSHIRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND FACILITATE THE ESTABLISHMENT, DEVELOPMENT, GROWTH AND SUCCESS OF TECHNOLOGY-BASED COMPANIES IN NEW HAMPSHIRE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Demers Executive Director | Officer | 40 | $100,000 |
Matt Benson Past Chair | OfficerTrustee | 3 | $0 |
Jason Gagnon Treasurer | OfficerTrustee | 3 | $0 |
Gary Sloper Chair | OfficerTrustee | 5 | $0 |
Lisa King Secretary | OfficerTrustee | 1 | $0 |
Emily Penaskovic Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $74,571 |
| 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 | $74,571 |
| Total Program Service Revenue | $295,600 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $429,424 |
| 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. | $100,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,245 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,529 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,534 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,025 |
| Information technology | $10,763 |
| Royalties | $0 |
| Occupancy | $30,680 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,963 |
| All other expenses | $0 |
| Total functional expenses | $364,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,716 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,889 |
| 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 | $10,348 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,953 |
| Total assets | $288,906 |
| Accounts payable and accrued expenses | $34,151 |
| Grants payable | $0 |
| Deferred revenue | $119,800 |
| 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 | $153,951 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $134,955 |
| Total liabilities and net assets/fund balances | $288,906 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
For Inspiration And Recognition Of Science And Technology First Manchester, NH | $64,269,944 | $72,988,833 |
Terc Inc Cambridge, MA | $20,874,819 | $13,653,170 |
Cortico Corporation Boston, MA | $3,352,303 | $987,674 |
Mit Real Estate Foundation Inc Cambridge, MA | $3,185,000 | -$155,000 |
International First Committee Association Manchester, NH | $2,287,995 | $919,576 |
Brokaw Family Foundation Merrimack, NH | $4,131,332 | $152,642 |
New Hampshire Tech Alliance Manchester, NH | $288,906 | $429,424 |
Robots In Service Of The Environment Inc Carlisle, MA | $148,050 | $300,008 |
Massachusetts Chemical Technology Alliance Inc Upton, MA | $47,644 | $0 |
Share Foundation Inc New Bedford, MA | $318,829 | $146,392 |
Vermont Technology Council Inc Burlington, VT | $481,716 | $0 |
Spark Photonics Foundation Inc Waltham, MA | $15,337 | $0 |