Nh Automtoive Education Foundation Inc
- Assets
- $1.0m
- Revenue
- $310.7k
- Investments
- $2.0k
- Employees
- 0
- Location
- Bow, NH
- Founding
- 12/1991
- Data as of
- 04/2023
- 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 04/2023, NH Automtoive Education Foundation Inc generated $310.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $346.1k during the year ending 04/2023. While expenses have increased by 5.3% per year over the past 8 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
2023
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 |
|---|---|---|---|
Mark Tulley Chair | OfficerTrustee | 1 | $0 |
Marybeth Alosa Director | Trustee | 0.5 | $0 |
Jamie Decato Director | Trustee | 0.5 | $0 |
Jk Delegas Director | Trustee | 0.5 | $0 |
Laurence D Foss Director | Trustee | 0.5 | $0 |
John Gilday Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $57,395 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,272 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $211,667 |
| Total Program Service Revenue | $15,835 |
| Investment income | $8,747 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,475 |
| Net Income from Fundraising Events | $16,798 |
| Net Income from Gaming Activities | $73,086 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $310,658 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $59,625 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,857 |
| Compensation of current officers, directors, key employees. | $793 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $163,504 |
| 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 | $4,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $731 |
| Fees for services: Other | $512 |
| Advertising and promotion | $1,976 |
| Office expenses | $1,340 |
| Information technology | $9,928 |
| Royalties | $0 |
| Occupancy | $11,712 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,128 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,680 |
| Insurance | $13,046 |
| All other expenses | $78 |
| Total functional expenses | $346,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $208,407 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $156,148 |
| 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 | $6,328 |
| Net Land, buildings, and equipment | $11,048 |
| Investments—publicly traded securities | $567,418 |
| Investments—other securities | $2,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,651 |
| Total assets | $1,001,000 |
| Accounts payable and accrued expenses | $68,619 |
| Grants payable | $0 |
| Deferred revenue | $134,553 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $48,851 |
| 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 | $252,023 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $748,977 |
| 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 | $1,001,000 |
Grants Awarded
Over the last fiscal year, Nh Automtoive Education Foundation Inc has awarded $15,483 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CASA OF NH PURPOSE: DONATION AS A RESULT OF FUNDRAISING EVENT | $15,483 |