New Hampshire Foundation For Innovation
- Assets
- $2.1m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Loudon, NH
- Founding
- 08/2002
- Data as of
- 11/2023
- EIN
- 30-0011318
Organization Overview
New Hampshire Foundation For Innovation is located in Loudon, 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 11/2023, New Hampshire Foundation For Innovation generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.6% each year . All expenses for the organization totaled $1.4m during the year ending 11/2023. While expenses have increased by 39.9% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
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 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thomas Frischknecht | 11/29/15 | $154,307 |
Matthew Southerton | 11/29/15 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,871,976 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,631 |
| 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 | $2,873,607 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $153,037 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27,809 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,287 |
| Other expenses | $0 |
| Total operating and administrative expenses | $323,474 |
| Contributions, gifts, grants paid | $1,104,609 |
| Total expenses and disbursements | $1,428,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,976 |
| 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 | $2,051,796 |
| Other assets | $0 |
| Total assets | $2,098,656 |
| 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 |
Grants Awarded
Over the last fiscal year, New Hampshire Foundation For Innovation has awarded $1,104,609 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BENJAMIN FRANKLIN ACADEMY PURPOSE: TO SUPPORT CONTINUING OPERATIONS. | $1,069,300 |
THE FOUNDERS ACADMEMY PURPOSE: TO SUPPORT CONTINUING OPERATIONS. | $35,309 |