New Hampshire Foundation For Innovation
- Assets
- $653.1k
- Revenue
- $710.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Concord, NH
- Founding
- 08/2002
- Data as of
- 11/2022
- EIN
- 30-0011318
Organization Overview
New Hampshire Foundation For Innovation is located in Concord, NH. The organization was established in 2002. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, 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. New Hampshire Foundation For Innovation 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 11/2022, New Hampshire Foundation For Innovation generated $710.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $169.9k during the year ending 11/2022. While expenses have increased by 3.8% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gordon J Humphrey President | 3 | $0 | |
Patricia G Humphrey Treasurer | 3 | $0 | |
Shari Demers Vice-President | 3 | $0 | |
Jim O' Brien Vice-President | 3 | $0 | |
Craig Smith Vice-President | 3 | $0 | |
Brian Moushegian Vice-President | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Matthew Southerton | 11/29/15 | $100,000 |
Thomas Frischknecht | 11/29/15 | $154,307 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $710,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $96 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $710,096 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $59,998 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,970 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $169,897 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $169,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,843 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $32,884 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $608,405 |
| Other assets | $0 |
| Total assets | $653,132 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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Pioneer Institute Inc Boston, MA | $5,985,831 | $3,775,332 |
Massachusetts Teachers Association Bridgewater, MA | $3,489,183 | $1,935,017 |
Bsa-Ila Retirement Account Plan Charlestown, MA | $2,044,138 | $1,513,604 |
Mass Restaurant Assn Inc Westborough, MA | $3,466,323 | $1,227,109 |
New England School Development Council Inc Marlborough, MA | $3,199,896 | $1,237,647 |
Campus Organizing Support Services Inc Boston, MA | $1,417,731 | $568,578 |
Rank The Vote Cambridge, MA | $136,774 | $480,356 |
Massachusetts Afterschoolpartnership Inc Hingham, MA | $553,698 | $299,424 |
Massachusetts Alliance For Early College Inc Boston, MA | $1,293,932 | $1,593,038 |
Black Economic Justice Institute In C Dorchester, MA | $157,375 | $244,106 |
New Hampshire Foundation For Innovation Concord, NH | $653,132 | $710,096 |