Friends Of Hanover Crew A New Hampshir Corporation
- Assets
- $1.8m
- Revenue
- $138.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Hanover, NH
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 35-2321072
Organization Overview
Friends Of Hanover Crew A New Hampshir Corporation is located in Hanover, NH. The organization was established in 2008. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Hanover Crew A New Hampshir Corporation 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 12/2021, Friends Of Hanover Crew A New Hampshir Corporation generated $138.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $113.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FRIENDS OF HANOVER CREW IS A GROUP OF PARENTS, COACHES, AND OTHERS WHO SUPPORT THE HANOVER, NH HIGH SCHOOL CREW PROGRAM THROUGH FUNDRAISING AND VOLUNTEER PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRIENDS OF HANOVER CREW CONTINUED TO FULFILL ITS MISSION TO RAISE MONEY TO SUPPORT THE LOCAL HANOVER HIGH SCHOOL ROWING TEAM, FUNDING EQUIPMENT, FACILITIES, AND OTHER NEEDS OF THE TEAM. THE FRIENDS OF HANOVER CREW BOATHOUSE IS ALSO HOME TO A FEW DOZEN ADULT AND JUNIOR SCULLERS FROM HANOVER, LEBANON, AND THE SURROUNDING AREAS WHO STORE THEIR BOATS YEAR- ROUND, AND ROW IN THE SPRING, SUMMER, AND FALL.
DURING THE SUMMER, THE FRIENDS OF HANOVER CREW ONCE AGAIN JOINED TOGETHER AND FORMED A TEAM OF HIGH SCHOOL ROWERS, COACHES, PARENTS, FAMILY MEMBERS, AND SUPPORTERS TO RAISE 168,941 TO SUPPORT CANCER RESEARCH IN THE ANNUAL PROUTY FUNDRAISING EVENT. SINCE 2007, WHEN THE FOHC FIRST PARTICIPATED IN THE PROUTY, IT HAS RAISED APPROXIMATELY 1.5 MILLION TO SUPPORT CANCER RESEARCH.
IN 2021 THE FOHC CONTINUED TO WORK ON THE BARN AT FULLINGTON FARM. THE PROPERTY IS USED FOR WINTER STORAGE OF BOATS AND AS A TEAM GATHERING PLACE, AND IS IMPROVED FROM YEAR TO YEAR TO BE A SAFER AND BRIGHTER PLACE FOR THIS PURPOSE. THIS YEAR, THE MILKING STANCHIONS AND CONCRETE CURBS WERE REMOVED FROM THE BASEMENT, AND SHUTTERS WERE PUT ON THE BASEMENT WINDOWS. WITH THESE UPGRADES, THE SPACE HAS BECOME USABLE FOR ERGOMETER TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Carter Secretary | OfficerTrustee | 5 | $0 |
Fred Cressman President | OfficerTrustee | 5 | $0 |
Peter Kermond Treasurer | OfficerTrustee | 5 | $0 |
Erika Dade Director | Trustee | 5 | $0 |
Julie Stevenson Director | Trustee | 5 | $0 |
Stephanie Snelling Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,289 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,463 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,752 |
| Total Program Service Revenue | $18,000 |
| Investment income | $10 |
| 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 | $138,762 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,732 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $465 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,773 |
| 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 | $80,126 |
| Insurance | $1,673 |
| All other expenses | $0 |
| Total functional expenses | $113,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,607 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,679,998 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,804,605 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,801,340 |
| Net assets with donor restrictions | $3,265 |
| 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 | $1,804,605 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Hanover Crew A New Hampshir Corporation has recieved totaling $6,215.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $6,215 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New England Sailing Foundation Inc Marblehead, MA | $32,351 | $1,795,441 |
Community Boating Inc Boston, MA | $5,688,954 | $2,833,055 |
Winchester Boat Club Winchester, MA | $5,238,512 | $1,099,002 |
Nantucket Community Sailing Inc Nantucket, MA | $4,938,871 | $779,029 |
Piers Park Sailing Center Inc East Boston, MA | $910,975 | $1,064,918 |
Pleasant Bay Community Boating Inc North Chatham, MA | $4,919,007 | $1,766,472 |
Kennebunk Beach Improvement Association Kennebunk, ME | $1,718,660 | $896,686 |
Cambridge Boat Club Cambridge, MA | $1,664,674 | $711,494 |
Winchester Swim Club Inc South Dartmouth, MA | $1,267,611 | $790,941 |
Medford Boat Club Medford, MA | $684,000 | $575,807 |
Greater Lawrence Community Boating Program Inc Lawrence, MA | $340,881 | $480,989 |
Lake Sunapee Yacht Club Sunapee, NH | $1,150,191 | $509,585 |