Community Colleges Of New Hampshire Foundation
- Assets
- $6.0m
- Revenue
- $980.0k
- Investments
- $5.2m
- Employees
- 0
- Location
- Concord, NH
- Founding
- 06/2000
- Data as of
- 06/2021
- EIN
- 02-0516490
Organization Overview
Community Colleges Of New Hampshire Foundation is located in Concord, NH. The organization was established in 2000. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Colleges Of New Hampshire 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 06/2021, Community Colleges Of New Hampshire Foundation generated $980.0k 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 (15.7%) each year. All expenses for the organization totaled $655.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.6%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE COMMUNITY COLLEGE SYSTEM OF NEW HAMPSHIRE AND MAKE HIGHER EDUCATION MORE ACCESSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIPS TO 823 STUDENTS ATTENDING ONE OF THE SEVEN COMMUNITY COLLEGES IN NEW HAMPSHIRE.
TO SUPPORT AND/OR DEVELOP COMMUNITY COLLEGE SYSTEM OF NEW HAMPSHIRE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Ed Mackay Chairperson | OfficerTrustee | 2 | $0 |
Paul R Boucher Outgoing Treasurer | OfficerTrustee | 2 | $0 |
Andrew Cunningham Secretary | OfficerTrustee | 2 | $0 |
Michelle Arruda Incoming Treasurer | OfficerTrustee | 2 | $0 |
John Harrington Controller | OfficerTrustee | 2 | $0 |
Lucille Jordan Vice Chairperson | OfficerTrustee | 2 | $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 | $805,653 |
| Noncash contributions included in lines 1a–1f | $40,251 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $805,653 |
| Total Program Service Revenue | $0 |
| Investment income | $96,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $77,786 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $979,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,716 |
| Grants and other assistance to domestic individuals. | $578,967 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,865 |
| Fees for services: Other | $4,011 |
| Advertising and promotion | $22,537 |
| Office expenses | $15,565 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,462 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $655,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,398 |
| Savings and temporary cash investments | $146,433 |
| Pledges and grants receivable | $4,000 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $574,750 |
| Investments—other securities | $5,151,337 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,010,918 |
| Accounts payable and accrued expenses | $2,153 |
| 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 | $0 |
| Total liabilities | $2,153 |
| Net assets without donor restrictions | $803,563 |
| Net assets with donor restrictions | $5,205,202 |
| 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 | $6,010,918 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Community Colleges Of New Hampshire Foundation has recieved totaling $629,358.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: For desig. dist., Fall 2021 tuition and fees, scholarship | $570,951 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $53,350 |
The Central National-Gottesman Foundation Purchase, NY PURPOSE: GENERAL PURPOSE | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Endowment Analysis
| Beg. Balance | $3,213,213 |
| Earnings | $1,557,365 |
| Net Contributions | $233,667 |
| Grants | $150,381 |
| Ending Balance | $4,853,864 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Hampshire Charitable Foundation Concord, NH | $946,933,381 | $84,058,560 |
Maine Community Foundation Inc Ellsworth, ME | $775,677,002 | $98,048,575 |
Vermont Community Foundation Middlebury, VT | $310,876,312 | $39,275,546 |
Community Foundation Of Western Massachusetts Springfield, MA | $263,677,089 | $50,890,910 |
Essex County Community Foundation Incorporated Danvers, MA | $116,029,343 | $28,414,247 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA | $235,546,714 | $26,961,716 |
Greater Worcester Community Foundation Inc Worcester, MA | $200,476,252 | $22,847,423 |
Southcoast Community Foundation Inc New Bedford, MA | $53,147,669 | $13,725,688 |
Greater Lowell Community Foundation Inc Lowell, MA | $59,223,650 | $8,473,367 |
Foundation For Metrowest Inc Natick, MA | $31,216,524 | $9,263,838 |
Community Foundation Of North Central Massachusetts Inc Fitchburg, MA | $67,231,130 | $10,261,158 |
Cambridge Community Foundation Cambridge, MA | $50,483,194 | $9,505,977 |