Dartmouth Regional Technology Center Inc
- Assets
- $5.5m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Lebanon, NH
- Founding
- 10/2007
- Data as of
- 06/2022
- EIN
- 26-0092973
Organization Overview
Dartmouth Regional Technology Center Inc is located in Lebanon, NH. The organization was established in 2007. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dartmouth Regional Technology Center Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Dartmouth Regional Technology Center Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 5.0% 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
THE ORGANIZATION'S PURPOSE IS TO PROMOTE AND SUPPORT LOCAL BUSINESS GROWTH AND ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DRTC MAINTAINS AND LEASES WORK SPACE SUCH AS LABORATORIES AND OFFICES TO GROWING BUSINESSES.
GRANTS TO SUPPORT LOCAL ECONOMIC DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trip Davis Chair | OfficerTrustee | 5 | $0 |
Anne Duncan Cooley Treasurer | OfficerTrustee | 2 | $0 |
Michelle Moren-Grey Secretary | OfficerTrustee | 1 | $0 |
Benoit Lamontagne Trustee | Trustee | 1 | $0 |
Barry Schweitzer Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arc Mechanical Contractors Construction Services | 6/29/22 | $985,114 |
Hazen Hill Construction Llc Facility And Office Management | 6/29/22 | $630,729 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,088,202 |
| Investment income | $745 |
| 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 | $2,160,751 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,250 |
| 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 | $120,060 |
| Fees for services: Legal | $6,676 |
| Fees for services: Accounting | $49,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $633 |
| Advertising and promotion | $0 |
| Office expenses | $14,934 |
| Information technology | $7,301 |
| Royalties | $0 |
| Occupancy | $994,715 |
| 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 | $255,736 |
| Insurance | $42,961 |
| All other expenses | $1,314 |
| Total functional expenses | $1,956,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,804 |
| Savings and temporary cash investments | $469,666 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,563 |
| 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 | $2,167,820 |
| Net Land, buildings, and equipment | $2,694,774 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,511,627 |
| Accounts payable and accrued expenses | $124,207 |
| Grants payable | $0 |
| Deferred revenue | $20,781 |
| 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 | $2,821,983 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,966,971 |
| Net assets without donor restrictions | $2,544,656 |
| 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 | $5,511,627 |
Grants Awarded
Over the last fiscal year, Dartmouth Regional Technology Center Inc has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Plymouth, NH PURPOSE: FOR ECONOMIC DEVELOPMENT INITIATIVES, PROJECTS, ETC. | $25,000 |
NORTH COUNTRY COUNCIL PURPOSE: FOR ECONOMIC DEVELOPMENT INITIATIVES, PROJECTS, ETC. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telecom Infra Project Inc Wakefield, MA | $19,363,144 | $19,879,167 |
Northeast Gas Association Inc Needham, MA | $15,830,312 | $17,592,560 |
Global Seafood Alliance Inc Portsmouth, NH | $16,114,958 | $17,110,603 |
Chartered Alternative Investment Analyst Association Inc Amherst, MA | $10,766,695 | $9,878,929 |
Downtown Boston Business Improvement District Corporation Boston, MA | $4,039,139 | $7,235,337 |
Greater Boston Chamber Of Commerce Boston, MA | $11,076,057 | $7,257,999 |
Brattleboro Development Credit Corporation Brattleboro, VT | $32,397,294 | $6,662,012 |
Better Business Bureau Inc Marlborough, MA | $5,408,175 | $6,008,226 |
Two Ten Footwear Foundation Inc Waltham, MA | $38,171,628 | $5,812,562 |
Lean Enterprise Institute Inc Boston, MA | $4,353,748 | $5,746,296 |
New England Dairy Promotion Board Inc Boston, MA | $769,359 | $4,433,734 |
Massachusetts Society Of Certified Public Accountants Inc Boston, MA | $5,581,764 | $4,333,223 |