New Hampshire Electric Co-Op Foundation
- Assets
- $464.3k
- Revenue
- $301.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, NH
- Founding
- 11/2005
- Data as of
- 12/2021
- 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 12/2021, New Hampshire Electric Co-Op Foundation generated $301.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $286.0k during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 6 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 PROVIDE FINANCIAL AID TO LOCAL CHARITIES AND COMMUNITIES SERVED BY NHEC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHMENT A FOR DETAILED GRANTS AWARDED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward French Asst Treasurer | OfficerTrustee | 0.25 | $0 |
Sharon Davis Chair | OfficerTrustee | 1 | $0 |
Carolyn Kedersha Treasurer | OfficerTrustee | 1 | $0 |
Charles Braxton Vice Chair/secretary | OfficerTrustee | 1 | $0 |
Steven Camerino Ex Officio | Officer | 0.25 | $0 |
Jeff Morrill Trustee | Trustee | 0.25 | $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 | $274,858 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $274,858 |
| Total Program Service Revenue | $0 |
| Investment income | $26,131 |
| 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 | $300,989 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $273,620 |
| 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 | $3,723 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,586 |
| 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 | $286,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,127 |
| 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 | $447,126 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $464,253 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $7,000 |
| 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 | $7,000 |
| 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 | $457,253 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $464,253 |
Grants Awarded
Over the last fiscal year, New Hampshire Electric Co-Op Foundation has awarded $93,799 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Plymouth, NH PURPOSE: Funding provides bill assistance for NHEC members who are struggling to pay their bill and therefore avoid a disconnection of service | $58,799 |
Manchester, NH PURPOSE: Funding will support two mobile food pantries, one in Conway and one in Colebrook. | $15,000 |
North Hampton, NH PURPOSE: Funding will support the Raymond Roundtables, PSAT/SAT boot camps & college visits. | $10,000 |
Nashua, NH PURPOSE: Funding will support the purchase of a community van to support the veterans who live at Boulder Point Facility | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Hampshire Electric Co-Op Foundation has recieved totaling $82.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $82 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Open Sky Community Services Inc Worcester, MA | $49,353,222 | $95,640,760 |
Area Agency Of Greater Nashua Inc Nashua, NH | $17,358,631 | $59,697,244 |
Toward Independent Living & Learning Inc Dedham, MA | $105,262,723 | $73,578,332 |
Northern Human Services Conway, NH | $25,728,912 | $47,489,292 |
Monadnock Development Services Region V Area Agency Keene, NH | $8,552,572 | $38,273,749 |
The Guild For Human Services Inc Concord, MA | $50,533,268 | $37,209,681 |
Kennedy-Donovan Center Inc Foxboro, MA | $23,212,123 | $32,800,844 |
Delta Projects Inc Dedham, MA | $23,715,014 | $34,546,579 |
Crystal Springs Inc Assonet, MA | $21,813,841 | $30,669,053 |
Cooperative Production Inc North Dighton, MA | $19,477,878 | $29,998,300 |
Lifeworks Incorporated Westwood, MA | $40,994,438 | $26,087,174 |
American Training Inc Andover, MA | $23,742,948 | $28,092,463 |