Nh Automtoive Education Foundation Inc
- Assets
- $1.0m
- Revenue
- $328.4k
- Investments
- $2.0k
- Employees
- 0
- Location
- Bow, NH
- Founding
- 12/1991
- Data as of
- 04/2022
- EIN
- 22-2715464
Organization Overview
Nh Automtoive Education Foundation Inc is located in Bow, NH. The organization was established in 1991. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NH Automtoive Education Foundation 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 04/2022, NH Automtoive Education Foundation Inc generated $328.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $260.1k during the year ending 04/2022. While expenses have increased by 1.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AUTO INDUSTRY CAREERS AND TRAINING
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNICAL TRAINING RECRUITMENT
SUPPORT AND DEVELOPMENT WITH THE NEW HAMPSHIRE TECHNICAL TRAINING SCHOOLS
EDUCATION AND TRAINING OF NHADA MEMBERS AND THEIR EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Dykstra Director | Trustee | 15 | $51,169 |
Shawna Tinkam Treasurer (term After Year End) | Officer | 3.6 | $11,049 |
Peter Mcnamara Secretary (term After Year End) | Officer | 1.6 | $9,171 |
Mark Tulley Chair | OfficerTrustee | 0.3 | $0 |
Marybeth Alosa Director | Trustee | 0.3 | $0 |
John Lambert Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,226 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $147,955 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $209,181 |
| Total Program Service Revenue | $26,752 |
| Investment income | $32,656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,156 |
| Net Income from Fundraising Events | $15,554 |
| Net Income from Gaming Activities | $50,459 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $328,446 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $68,069 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $21,142 |
| Compensation of current officers, directors, key employees. | $1,057 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,518 |
| 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 | $5,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,853 |
| Fees for services: Other | $42 |
| Advertising and promotion | $0 |
| Office expenses | $476 |
| Information technology | $9,797 |
| Royalties | $0 |
| Occupancy | $11,264 |
| Travel | $39 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,188 |
| Insurance | $960 |
| All other expenses | $12,420 |
| Total functional expenses | $260,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $262,680 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $109,098 |
| 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 | $22,161 |
| Net Land, buildings, and equipment | $10,692 |
| Investments—publicly traded securities | $553,890 |
| Investments—other securities | $2,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,380 |
| Total assets | $1,018,901 |
| Accounts payable and accrued expenses | $113,087 |
| Grants payable | $0 |
| Deferred revenue | $87,902 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $56,780 |
| 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 | $257,769 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $761,132 |
| 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 | $1,018,901 |
Grants Awarded
Over the last fiscal year, Nh Automtoive Education Foundation Inc has awarded $15,483 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Manchester, NH PURPOSE: DONATION AS A RESULT OF FUNDRAISING EVENT | $15,483 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nh Automtoive Education Foundation Inc has recieved totaling $6,500.
| Awarding Organization | Amount |
|---|---|
Harvard Pilgrim Health Care Foundation Inc Canton, MA PURPOSE: EVENT SPONSORSHIP | $6,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
N H Higher Education Loan Corporation Concord, NH | $928,313,847 | $60,034,018 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
Catholic Schools Foundation Inc Boston, MA | $110,171,239 | $27,305,892 |
Laspau Inc Cambridge, MA | $9,172,350 | $9,862,515 |
Vermont Student Development Fund Inc Winooski, VT | $17,468,961 | $10,359,436 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Alfond Scholarship Foundation Portland, ME | $2,013,971 | $7,474,819 |
Stephen Phillips Memorial Scholarship Fund Inc Boston, MA | $45,790,109 | $8,308,700 |