New Hampshire Electric Co-Op Foundation
- Assets
- $436.2k
- Revenue
- $293.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, NH
- Founding
- 11/2005
- Data as of
- 12/2022
- EIN
- 11-3751465
Organization Overview
New Hampshire Electric Co-Op Foundation is located in Plymouth, NH. The organization was established in 2005. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hampshire Electric Co-Op 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 12/2022, New Hampshire Electric Co-Op Foundation generated $293.4k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $252.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, New Hampshire Electric Co-Op Foundation has awarded 11 individual grants totaling $205,684. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL AID TO LOCAL CHARITIES AND COMMUNITIES SERVED BY NHEC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION NAME AMOUNT OF AWARD ADVICE TO THE PLAYERS $5,000 AMERICAN RED CROSS $10,000 APPALACHIAN MOUNTAIN CLUB $5,000 BELIEVE IN BOOKS LITERACY FOUNDATION $5,000 CARROLL COUNTY RETIRED & SENIOR VOLUNTEER PROGRAM $5,000 CIRCLE PROGRAM $5,000 COURT APPOINTED SPECIAL ADVOCATES $5,000 FRANCONIA SOARING FOUNDATION $3,000 FRANKLIN OPERA HOUSE/NH ARTS & ENTERTAINMENT CENTER $4,000 FRIENDS PROGRAM $2,000 KATHY ANDERSON SCHOLARSHIP RECIPIENTS $5,000 KISMET ROCK FOUNDATION $2,000 LISTEN COMMUNITY SERVICES $5,000 MAYHEW PROGRAM $5,000 MOUNT WASHINGTON VALLEY FARMERS MARKET $1,500 MOUNTAIN VILLAGE CHARTER SCHOOL $2,000 MOUNT WASHINGTON VALLEY ADULT DAY CENTER $5,000 MOUNT WASHINGTON VALLEY SUPPORTS RECOVERY COALITION $5,000 NHEC FOUNDATION SCHOLARSHIP AWARDS $9,000 NH LAKES $3,500 NH FOOD BANK $15,000 ONE LIGHT THEATRE CO. $2,000 OSSIPEE CHILDREN'S FUND $4,000 OSSIPEE CONCERNED CITIZENS $5,000 PATRIOT RESILIENT LEADER INSTITUTE $5,000 PEMI YOUTH CENTER $2,000 PLYMOUTH AREA RECOVERY CONNECTION $5,000 PLYMOUTH AREA RENEWABLE ENERGY INITIATIVE $10,000 PLYMOUTH ELEMENTARY SCHOOL PTA $2,000 PLYMOUTH PARKS AND RECREATION DEPARTMENT / PLAY $1,690 PROJECT CARE $53,905 SQUAM LAKES ASSOCIATION $5,480 SQUAM LAKES NATURAL SCIENCE CENTER $2,000 STARTING POINT $5,000 STORY PRESERVATION INITIATIVE $2,500 TIN MOUNTAIN CONSERVATION CENTER $2,000 TWIN RIVERS FOOD PANTRY $2,000 UPPER VALLEY TRAILS ALLIANCE $7,500 WENTWORTH ELEMENTARY SCHOOL $2,000 WEST CENTRAL BEHAVIORAL HEALTH $3,750 WHITE MOUNTAIN COMMUNITY HEALTH CENTER $10,000 WINNIPESAUKEE WELLNESS CENTER $3,000 YMCA OF GREATER BOSTON $3,546 $246,371
OFFICE EXPENSES
INVESTMENT FEES = 3709
INSURANCE =2111
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alyssa Clemsen Roberts Ex Officio | Trustee | 0.25 | $0 |
Robyn Sarette Trustee | Trustee | 0.25 | $0 |
Sara Thielbar Executive Director | Trustee | 20 | $0 |
Terri Plant Trustee | Trustee | 0.25 | $0 |
Carolyn Kedersha Treasurer | Trustee | 0.25 | $0 |
Edward French Treasurer | OfficerTrustee | 0.5 | $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 | $276,829 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $276,829 |
| Total Program Service Revenue | $0 |
| Investment income | $16,555 |
| 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 | $293,384 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $246,371 |
| 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 | $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 | $3,709 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $210 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,111 |
| All other expenses | $0 |
| Total functional expenses | $252,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,786 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $383,390 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $436,176 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $13,000 |
| 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 | $13,000 |
| 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 | $423,176 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $436,176 |
Grants Awarded
Over the last fiscal year, New Hampshire Electric Co-Op Foundation has awarded $111,885 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: Transportation Services Support | $10,000 |
NH FOOD BANK PURPOSE: to support 2 mobile food pantries | $15,000 |
PLYMOUTH AREA RENEWABLE ENERGY INITIATIVE PURPOSE: to support a new solar build in center harbor | $10,000 |
PROJECT CARE PURPOSE: to support low income members with assistance to avoid disconnection | $53,905 |
SQUAM LAKES ASSOCIATION PURPOSE: to support trail maintenance | $5,480 |
UPPER VALLEY TRAILS ALLIANCE PURPOSE: to support trail work and maintenance | $7,500 |