New Hampshire Stories Inc
- Assets
- $300.9k
- Revenue
- $80.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Portsmouth, NH
- Founding
- 02/1999
- Data as of
- 12/2022
- EIN
- 04-3372823
Organization Overview
New Hampshire Stories Inc is located in Portsmouth, NH. The organization was established in 1999. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, New Hampshire Stories Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hampshire Stories Inc 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 12/2022, New Hampshire Stories Inc generated $80.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.1%) each year. All expenses for the organization totaled $326.8k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE OVERALL PURPOSE OF NH STORIES, INC., DBA NH MADE IS TO INCREASE THE AWARENESS AND DEMAND FOR NEW HAMPSHIRE MADE GOODS AND SERVICES AND PROVIDE THE SUPPORT PROGRAMS LOCAL BUSINESSES NEED TO GROW. WE UTILIZE THE MARKETING POWER OF A STATE-WIDE BRAND IDENTITY PROGRAM, INCREASE ACCESS TO MARKETING VENUES THROUGH COLLABORATIVE EFFORTS AND PROVIDE NETWORKING AND BUSINESS DEVELOPMENT SUPPORT TO NH MADE'S MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE "NEW HAMPSHIRE STORES", OWNED AND OPERATED BY NH MADE, PROVIDE MEMBERS WITH RETAIL EXPOSURE AND EXPERIENCE AT MAJOR INTERSTATE LOCATIONS THROUGH A PARTNERSHIP WITH THE NH LIQUOR COMMISSION. SALES FROM THE STORES GENERATE ADDITIONAL INCOME FOR NH'S SMALL BUSINESSES AND PROVIDE BUSINESS DEVELOPMENT LEARNING OPPORTUNITIES IN THE AREAS OF PRODUCT PRESENTATION, PRICING, WHOLESALE PROCEDURES AND INVENTORY MANAGEMENT. THE STORES ALSO GENERATE INCOME TO HELP FUND THE ORGANIZATION AND PROVIDE FINANCIAL SUSTAINABILITY. IN ADDITION, THESE STORES HELP TO ACHIEVE OUR MISSION OF INCREASING AWARENESS, APPRECIATION AND DEMAND FOR NH MADE PRODUCTS, AND PROVIDE EXPOSURE FOR THE NH MADE BRAND, OUR WEBSITE NHMADE.COM (PROMOTING ALL 800+ MEMBERS) AND THE CONSUMER FOCUSED "BUY LOCAL NEW HAMPSHIRE" MAGAZINE.
BUY LOCAL NEW HAMPSHIRE: 50,000 COPIES OF THE MAGAZINE WERE DISTRIBUTED TO CONSUMERS VIA ALL INTERSTATE VISITOR CENTERS, INFORMATION CENTERS, MANCHESTER AIRPORT, TARGETED HOTELS, RESTAURANTS, LODGING ESTABLISHMENTS AND TOURIST ATTRACTIONS, AS WELL AS FAIRS, FESTIVALS, FARMER'S MARKETS AND MEMBERS' EVENTS THROUGHOUT THE STATE.
OTHER ACHIEVEMENTS: NH MADE PROMOTES OUR MEMBERS AT A GROWING LIST OF EVENTS THROUGHOUT THE YEAR INCLUDING: NH FARM & FOREST EXPO; BUSINESS NH'S "MADE IN NH" EXPO; SENATOR SHAHEEN'S "EXPERIENCE NEW HAMPSHIRE" EVENT IN DC; EASTERN STATES EXHIBITION, AND NH MADE BUILDING AT THE DEERFIELD FAIR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Somers Chair | OfficerTrustee | 2 | $0 |
Gail Mcwilliam Jellie Co-Chair | Trustee | 1 | $0 |
Steve Zyck Treasurer | OfficerTrustee | 1 | $0 |
Scot Pollock Board Member | Trustee | 1 | $0 |
Bob Elliot Board Member | OfficerTrustee | 1 | $0 |
Paul Ringuette Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,985 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $825 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,985 |
| Total Program Service Revenue | $4,319 |
| Investment income | $82 |
| 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 | $18,603 |
| Net Income from Sales of Inventory | $37,568 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $80,557 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,757 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $245 |
| Fees for services: Accounting | $21,311 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,914 |
| Advertising and promotion | $33,291 |
| Office expenses | $1,534 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,996 |
| Travel | $745 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,171 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,448 |
| All other expenses | $7,839 |
| Total functional expenses | $326,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,695 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,525 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $72,639 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $300,859 |
| Accounts payable and accrued expenses | $0 |
| 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 | $498,900 |
| Other liabilities | $75 |
| Total liabilities | $498,975 |
| Net assets without donor restrictions | -$198,116 |
| 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 | $300,859 |