Hannah Grimes Center
- Assets
- $2.4m
- Revenue
- $934.5k
- Investments
- $0.0
- Employees
- 9
- Location
- Keene, NH
- Founding
- 06/2001
- Data as of
- 12/2021
- EIN
- 02-0519934
Organization Overview
Hannah Grimes Center is located in Keene, NH. The organization was established in 2001. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Hannah Grimes Center employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hannah Grimes Center 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 12/2021, Hannah Grimes Center generated $934.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $844.3k during the year ending 12/2021. While expenses have increased by 14.8% 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
OUR MISSION IS TO INSPIRE LOCAL BUSINESS AND THE COMMUNITY TO INNOVATE, CONNECT, GIVE BACK - IS ROOTED IN THE VISION THAT THE SUCCESS OF EITHER IS INEXTRICABLY LINKED TO THE SUCCESS OF BOTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HANNAH GRIMES MARKETPLACE. PROVIDES BUSINESS SUPPORT TO LOCAL ARTISANS AND FARMERS. THESE LOCAL PRODUCERS OFTEN LACK THE BUSINESS SKILLS NEEDED TO MAKE THEIR CRAFT ECONOMICALLY VIABLE. THE MODEL IS A SELF FUNDING RETAIL CLASSROOM. IT IS A FOR PROFIT BUSINESS RUN BY ITS OWN BOARD OF DIRECTORS AND IS FULLY OWED BY HANNAH GRIMES CENTER. THE HANNAH GRIMES CENTER WORKS CLOSELY TO PROVICE BUSINESS EDUCATION TO THE MEMBERS THROUGH WORKSHOPS, COACHING AND ONE-ON-ONE ASSISTANCE.
PROVIDE WORKSHOPS, IN-DEPTH PROGRAMS AND COACHING. THESE INCLUDE FREE WORKSHOPS THAT ADVANCE A CURRICULUM THAT SERVES A DIVERSE ARRAY OF BUSINESSES COVERING A WIDE RANGE OF BUSINESS TOPICS. IT ALSO INCLUDES A MONTHLY INCUBATOR PROGRAM AND BUSINESS LAB, ADVANCE BUSINESS TRAINING. PAID WORKSHOPS THAT OFFER IN-DEPTH LEARNING AS WELL AS FREE, ONE-ON-ONE COACHING SESSIONS TO HELP ENTREPRENEURS LEARN INDIVIDUALIZED STRATEGIES AND SKILLS TO SOLVE PROBLEMS AND PLAN FOR SUCCESS.
NET WORKING EVENTS, WEEKLY E-NEWSLETTER, ACCESS TO FINANCING AND A VARIETY OF COMMUNITY PROJECTS TO FOSTER A LEARNING ENVIRONMENT. RECOGNIZING THAT STRONG NETWORKING SKILLS CORRELATES WITH THE LEARNING AND ENTREPRENEURIAL SUCCESS, WE HAVE SEVERAL NETWORKING EVENTS EACH YEAR. IN ADDITION TO EDUCATING BUSINESSES TO PREPARE THEM TO ACCESS TRADITIONAL AND NON-TRADITIONAL FINANCING. WE PARTNER WITH NH COMMUNITY LOAN FUND,REDC, KIVA ZIP AND PRIVATE INDIVIDUALS TO HELP BUSINESS OF ALL SIZES AND STAGES TO CONNECT EFFECTIVELY TO THE FINANCING THEY NEED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Ann Kristiansen Executive Director | OfficerTrustee | 40 | $93,446 |
Terrence Williams President | OfficerTrustee | 1 | $0 |
Dee Fitzgerald Vice President | OfficerTrustee | 1 | $0 |
Peter Hansel Treasurer | OfficerTrustee | 1 | $0 |
Damaris Graham Secretary | OfficerTrustee | 1 | $0 |
Randall Walter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $440,149 |
| 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 | $440,149 |
| Total Program Service Revenue | $490,819 |
| Investment income | $3,568 |
| 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 | $934,536 |
| 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. | $93,446 |
| Compensation of current officers, directors, key employees. | $9,345 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $175,734 |
| Pension plan accruals and contributions | $3,654 |
| Other employee benefits | $26,040 |
| Payroll taxes | $20,592 |
| Fees for services: Management | $32,100 |
| Fees for services: Legal | $3,506 |
| Fees for services: Accounting | $18,928 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,144 |
| Office expenses | $16,292 |
| Information technology | $22,290 |
| Royalties | $0 |
| Occupancy | $46,045 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $94 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,925 |
| Insurance | $10,301 |
| All other expenses | $34,085 |
| Total functional expenses | $844,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $663,442 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,000 |
| Accounts receivable, net | $77,604 |
| Loans from Officers, Directors, or Controlling Persons | $42,525 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,779 |
| Net Land, buildings, and equipment | $1,566,016 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,383,366 |
| Accounts payable and accrued expenses | $21,770 |
| 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 | $21,770 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,383,366 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hannah Grimes Center has recieved totaling $29,508.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: For general support, 2021 Radically Rural Summit, business accelerator program | $29,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $8 |
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