New Hampshire Institute of Art: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- New Hampshire Institute of Art (EIN 02-0222154)
- Tax period
- 2018-07-01 to 2019-06-30
- Filed
- 2020-07-13
- IRS object ID
- 202041959349303509
- Schema version
- 2018v3.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule L
- Schedule N
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-07-13T14:58:59-05:00 | ReturnTs |
| Tax Period End | 2019-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 010523282 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Berry Dunn McNeil & Parker LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 Elm Street 4th Floor | AddressLine1Txt |
| City | Manchester | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 020222154 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | New Hampshire Institute of Art | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NEWH | BusinessNameControlTxt |
| Phone | 6036220313 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 148 Concord Street | AddressLine1Txt |
| City | Manchester | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03104 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Paula Amato | PersonNm |
| Person Title | Senior Vice President & CFO | PersonTitleTxt |
| Phone | 6036220313 | PhoneNum |
| Signature | 2020-07-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Barbara J McGuan CPA | PreparerPersonNm |
| PTIN | P00219457 | PTIN |
| Phone | 6036697337 | PhoneNum |
| Preparation | 2020-07-13 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 69.49.157.66 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-07-13 | IPDt |
| IP Tm | 11:26:47 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 2822CCB165EE8EB222BC1A8C889357795F91400A | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 30B9C2275292C8D8D88632D14A140450B52E3DB5 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-09-23 17:36:50Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Final Return | Yes (X) | FinalReturnInd |
| Principal Officer | Paula Amato | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 148 Concord Street | AddressLine1Txt |
| City | Manchester | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $24,653,383 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.NHIA.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1898 | FormationYr |
| Legal Domicile State | NH | LegalDomicileStateCd |
| Activity Or Mission | To educate, engage and empower through the arts. | ActivityOrMissionDesc |
| Contract Termination | Yes (X) | ContractTerminationInd |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 4 | VotingMembersIndependentCnt |
| Total Employee | 293 | TotalEmployeeCnt |
| Total Volunteers | 17 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,006,104 | PYContributionsGrantsAmt |
| CY Contributions Grants | $195,786 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $10,749,949 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $10,972,241 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$72,623 | PYInvestmentIncomeAmt |
| CY Investment Income | $285,987 | CYInvestmentIncomeAmt |
| PY Other Revenue | $95,158 | PYOtherRevenueAmt |
| CY Other Revenue | $2,231,122 | CYOtherRevenueAmt |
| PY Total Revenue | $12,778,588 | PYTotalRevenueAmt |
| CY Total Revenue | $13,685,136 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $3,134,528 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,361,214 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,836,428 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,797,794 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,910,940 | PYOtherExpensesAmt |
| CY Other Expenses | $5,869,050 | CYOtherExpensesAmt |
| PY Total Expenses | $15,881,896 | PYTotalExpensesAmt |
| CY Total Expenses | $14,028,058 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$3,103,308 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$342,922 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $38,972,020 | TotalAssetsBOYAmt |
| Total Assets EOY | $0 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $17,687,093 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $21,284,927 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $0 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | To educate, engage, and empower through the arts. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | Yes (1) | SignificantChangeInd |
| Expense | $10,347,099 | ExpenseAmt |
| Grant | $3,361,214 | GrantAmt |
| Revenue | $10,972,241 | RevenueAmt |
| Desc | Since 1898 The New Hampshire Institute of Art (NHIA) has remained committed to its mission of educating, engaging, and empowering through the arts. NHIA is the oldest and largest non-profit arts institution in New Hampshire. Today our vision is to be seen as a leader in arts education, recognized for our ability to use the arts to foster positive change in the world and enable individuals to reach their full creative potential. NHIA's academic programs and residence halls are housed in 11 buildings spread throughout downtown Manchester, Sharon and Peterborough, NH. The New Hampshire Institute of Art (NHIA) offers Bachelor of Fine Arts (BFA) degree programs in ceramics, comic arts, creative writing, design, fine arts, illustration printmaking, and photography as well as low-residency master of fine arts (MFA) degree programs in creative writing, photography, and visual arts, and a master of arts in teaching (MAT) degree. NHIA's community education division offers non-credit fine arts classes, workshops, and visiting artists intensives taught by a faculty of accomplished and passionate artists/educators. Other offerings at either our Manchester or Sharon, NH campuses include a pre-college summer program and a certificate in creative placemaking. | Desc |
| Total Program Service Expenses | $10,347,099 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | Yes (1) | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 185 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 293 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 4 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Paula Amato | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6038362512 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 148 Concord Street | AddressLine1Txt |
| City | Manchester | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03104 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Michele Perkins | ||||||||
| President | 2.00 | 35.00 | Yes (X) | Yes (X) | $0 | $299,968 | $32,674 | |
| James Murtha | ||||||||
| Vice President | 2.00 | 0.00 | Yes (X) | Yes (X) | $0 | $86,167 | $12,343 | |
| TJ Whitelaw | ||||||||
| Chair | 2.00 | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Katherine Haley | ||||||||
| Trustee | 2.00 | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| Scott Simpson | ||||||||
| Trustee | 2.00 | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| Adam Kapner | ||||||||
| Trustee | 2.00 | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| Tom Stevens | ||||||||
| Past Chair | 2.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Joe Reilly | ||||||||
| Past Vice Chair | 2.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Kevin Clougherty | ||||||||
| Past Treasurer | 2.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| George Foote Jr | ||||||||
| Past Secretary | 2.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Tom Dougherty | ||||||||
| Past Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Beate Becker | ||||||||
| Past Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Bill Stevens | ||||||||
| Past Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Nick Bentley | ||||||||
| Past Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| David Murray | ||||||||
| Past Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Ben Gayman | ||||||||
| Past Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Terry Heinzmann | ||||||||
| Past Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Ellen Davis | ||||||||
| Past Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Karen Hillson | ||||||||
| Past Faculty Trustee | 2.00 | 0.00 | Yes (X) | $59,385 | $0 | $404 | ||
| Karen Mayeu | ||||||||
| Past Faculty Trustee | 2.00 | 0.00 | Yes (X) | $62,941 | $0 | $2,624 | ||
| Rich Pellegrino | ||||||||
| Past Faculty Trustee | 2.00 | 0.00 | Yes (X) | $44,090 | $0 | $443 | ||
| Kent Devereaux | ||||||||
| President | 37.50 | 0.00 | Yes (X) | $209,487 | $0 | $32,845 | ||
| Paula Amato | ||||||||
| Senior Vice President & CFO - NEC | 2.00 | 35.00 | Yes (X) | $0 | $191,843 | $23,873 | ||
| Jonathan Lindsey | ||||||||
| Vice President of Enrollment | 37.50 | 0.00 | $140,102 | $0 | $40,411 | Yes (X) | ||
| William Schaaf Jr | ||||||||
| Vice President of Academic Affairs | 37.50 | 0.00 | $106,904 | $0 | $35,613 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $622,909 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $577,978 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $181,230 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Chartwells | |||||
| 2400 Yorkmont Road | Charlotte | NC | 28217 | Food Services | $706,333 |
| Brady Sullivan | |||||
| 670 N Commercial Street 303 | Manchester | NH | 03101 | Rental Services | $354,727 |
| Granite YMCA | |||||
| 117 Market Street | Manchester | NH | 03101 | Rental Services | $109,856 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $116,719 | GovernmentGrantsAmt |
| All Other Contributions | $79,067 | AllOtherContributionsAmt |
| Total Contributions | $195,786 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Tuition and Fees | 611710 | $8,695,456 | $8,695,456 |
| Auxiliary Enterprises | 900099 | $2,107,538 | $2,107,538 |
| Other Income | 900099 | $169,247 | $169,247 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $10,972,241 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $167,606 | TotalRevenueColumnAmt |
| Exclusion | $167,606 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $11,086,628 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $10,968,247 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $118,381 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $118,381 | TotalRevenueColumnAmt |
| Exclusion | $118,381 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Gain on Extinguishment of Debt | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $2,231,122 | TotalRevenueColumnAmt |
| Exclusion | $2,231,122 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,231,122 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,685,136 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $10,972,241 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,517,109 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,361,214 | TotalAmt |
| Program Services | $3,361,214 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $412,220 | TotalAmt |
| Program Services | $169,888 | ProgramServicesAmt |
| Management And General | $242,332 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,824,761 | TotalAmt |
| Program Services | $2,258,106 | ProgramServicesAmt |
| Management And General | $1,566,655 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,722 | TotalAmt |
| Management And General | $39,722 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $219,733 | TotalAmt |
| Program Services | $167,241 | ProgramServicesAmt |
| Management And General | $52,492 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $301,358 | TotalAmt |
| Program Services | $173,937 | ProgramServicesAmt |
| Management And General | $127,421 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,644 | TotalAmt |
| Management And General | $15,644 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $58,650 | TotalAmt |
| Management And General | $58,650 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,832 | TotalAmt |
| Management And General | $72,832 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $474,389 | TotalAmt |
| Program Services | $130,894 | ProgramServicesAmt |
| Management And General | $343,495 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,508 | TotalAmt |
| Program Services | $9,490 | ProgramServicesAmt |
| Management And General | $53,018 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $387,010 | TotalAmt |
| Program Services | $143,194 | ProgramServicesAmt |
| Management And General | $243,816 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,239,019 | TotalAmt |
| Program Services | $731,434 | ProgramServicesAmt |
| Management And General | $507,585 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $140,098 | TotalAmt |
| Program Services | $134,351 | ProgramServicesAmt |
| Management And General | $5,747 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,908 | TotalAmt |
| Program Services | $15,499 | ProgramServicesAmt |
| Management And General | $1,409 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $660,025 | TotalAmt |
| Program Services | $611,106 | ProgramServicesAmt |
| Management And General | $48,919 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,439,220 | TotalAmt |
| Program Services | $1,378,257 | ProgramServicesAmt |
| Management And General | $60,963 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| Food Service Operations | $625,158 | $625,158 | |
| Other Organizational Op | $454,687 | $290,023 | $164,664 |
| Equipment Purchases/Lea | $147,307 | $147,307 | |
| Dues and Memberships | $75,595 | $75,595 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,028,058 | TotalAmt |
| Program Services | $10,347,099 | ProgramServicesAmt |
| Management And General | $3,680,959 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,490 | BOYAmt |
| EOY | $0 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $910,820 | BOYAmt |
| EOY | $0 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $163,836 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $291,214 | BOYAmt |
| EOY | $0 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,764 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $126,320 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $0 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $0 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,948,425 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,887,142 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,403,586 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,189,423 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,972,020 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $803,561 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $229,508 | BOYAmt |
| EOY | $0 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,630,000 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,000,000 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,049,406 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $974,618 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,687,093 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$5,906,606 | BOYAmt |
| EOY | $0 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,652,055 | BOYAmt |
| EOY | $0 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,539,478 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,284,927 | BOYAmt |
| EOY | $0 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,972,020 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$342,922 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $34,497 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$20,976,502 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,038,490 | BeginningYearBalanceAmt |
| Contributions | $118,719 | ContributionsAmt |
| Investment Earnings Or Losses | $247,264 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $16,404,473 | OtherExpendituresAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $18,069,957 | BeginningYearBalanceAmt |
| Contributions | $146,040 | ContributionsAmt |
| Investment Earnings Or Losses | $1,178,459 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $3,355,966 | OtherExpendituresAmt |
| End Year Balance | $16,038,490 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $19,265,257 | BeginningYearBalanceAmt |
| Contributions | $249,622 | ContributionsAmt |
| Investment Earnings Or Losses | $1,787,969 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $3,232,891 | OtherExpendituresAmt |
| End Year Balance | $18,069,957 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $23,581,034 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$705,777 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $3,610,000 | OtherExpendituresAmt |
| End Year Balance | $19,265,257 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $25,231,405 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $40,584 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,690,955 | OtherExpendituresAmt |
| End Year Balance | $23,581,034 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Total Rev Etc Audited Fincl Stmt | $10,036,803 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $34,497 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $34,497 | RevenueNotReportedAmt |
| Revenue Subtotal | $10,002,306 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $72,832 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $3,609,998 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $3,682,830 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $13,685,136 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $10,594,012 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $10,594,012 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $72,832 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $3,361,214 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,434,046 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $14,028,058 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part XI, Line 4b - Other Adjustments: | Student Aid 3,361,214. Loss on Interest Rate Swap Agreement 246,164. Change in Fair Value of Split-Interest Agreement 2,620. |
| Part XII, Line 4b - Other Adjustments: | Student Aid 3,361,214. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 | Published communications to the general public which contain the institute's policies of non-discrimination. |
| Line 6 - Explanation of Government Financial Aid: | Various federal and state agencies provide student financial aid to the institute. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| State Grant | 44 | $36,650 | |||
| Federal Pell Grant | 146 | $594,580 | |||
| Federal SEOG Grant | 58 | $11,400 | |||
| Federal Work Study | 181 | $42,341 | |||
| Various Scholarships | 622 | $2,676,243 | FMV | Internal Scholarships |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | All assistance to individuals is in the form of financial aid, grants, scholarships and tuition discounts awarded to students. Assistance is applied directly to the student's account balance. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Michele Perkins | ||||||||||||||
| President | $0 | $288,018 | $0 | $0 | $0 | $11,950 | $0 | $13,750 | $0 | $18,924 | $0 | $332,642 | $0 | $0 |
| Kent Devereaux | ||||||||||||||
| President | $209,487 | $0 | $0 | $0 | $0 | $0 | $8,654 | $0 | $24,191 | $0 | $242,332 | $0 | $0 | $0 |
| Paula Amato | ||||||||||||||
| Senior Vice President & CFO - NEC | $0 | $191,084 | $0 | $0 | $0 | $759 | $0 | $10,000 | $0 | $13,873 | $0 | $215,716 | $0 | $0 |
| Jonathan Lindsey | ||||||||||||||
| Vice President of Enrollment | $140,102 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $40,411 | $0 | $180,513 | $0 | $0 | $0 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Arthur Sullivan | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | Former Trustee and Officer | RelationshipDescriptionTxt |
| Transaction | $354,727 | TransactionAmt |
| Transaction | Arthur Sullivan is a principal at Brady Sullivan Properties. The Institute leased residential dorm space through 1/8/18 and currently leases a cafeteria space from Brady Sullivan. | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule N IRS990ScheduleN
Liquidation Of Assets Table LiquidationOfAssetsTableGrp
Liquidation Of Assets Detail LiquidationOfAssetsDetail (15 entries)
| Assets Distri Or Expnss PaidAssetsDistriOrExpnssPaidDesc | DistributionDistributionDt | Fair Market Value Of AssetFairMarketValueOfAssetAmt | Method Of FMV DeterminationMethodOfFMVDeterminationTxt | EINEIN | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | IRC SectionIRCSectionTxt |
|---|---|---|---|---|---|---|---|---|---|
| New England College | |||||||||
| Cash and Cash Equivalents | 2019-07-01 | $830,992 | Audited Financial Statements | 020223955 | 98 Bridge Street | Henniker | NH | 03242 | 501(c)(3) |
| New England College | |||||||||
| Accounts Receivable | 2019-07-01 | $639,719 | Audited Financial Statements | 020223955 | 98 Bridge Street | Henniker | NH | 03242 | 501(c)(3) |
| New England College | |||||||||
| Contributions Receivable | 2019-07-01 | $35,336 | Audited Financial Statements | 020223955 | 98 Bridge Street | Henniker | NH | 03242 | 501(c)(3) |
| New England College | |||||||||
| Prepaid Expenses | 2019-07-01 | $211,613 | Audited Financial Statements | 020223955 | 98 Bridge Street | Henniker | NH | 03242 | 501(c)(3) |
| New England College | |||||||||
| Assets Held for Sale | 2019-07-01 | $631,233 | Audited Financial Statements | 020223955 | 98 Bridge Street | Henniker | NH | 03242 | 501(c)(3) |
| New England College | |||||||||
| Investments | 2019-07-01 | $11,075,514 | Audited Financial Statements | 020223955 | 98 Bridge Street | Henniker | NH | 03242 | 501(c)(3) |
| New England College | |||||||||
| Land, Buildings, and Equipment | 2019-07-01 | $16,648,340 | Audited Financial Statements | 020223955 | 98 Bridge Street | Henniker | NH | 03242 | 501(c)(3) |
| New England College | |||||||||
| Collections | 2019-07-01 | $3,452,589 | Audited Financial Statements | 020223955 | 98 Bridge Street | Henniker | NH | 03242 | 501(c)(3) |
| New England College | |||||||||
| Restricted Cash | 2019-07-01 | $621,623 | Audited Financial Statements | 020223955 | 98 Bridge Street | Henniker | NH | 03242 | 501(c)(3) |
| New England College | |||||||||
| Accounts Payable and Accrued Expenses | 2019-07-01 | -$967,574 | Audited Financial Statements | 020223955 | 98 Bridge Street | Henniker | NH | 03242 | 501(c)(3) |
| New England College | |||||||||
| Due to Related Party | 2019-07-01 | -$968,103 | Audited Financial Statements | 020223955 | 98 Bridge Street | Henniker | NH | 03242 | 501(c)(3) |
| New England College | |||||||||
| Deferred Revenue | 2019-07-01 | -$244,085 | Audited Financial Statements | 020223955 | 98 Bridge Street | Henniker | NH | 03242 | 501(c)(3) |
| New England College | |||||||||
| Fair Value of Interest Rate Swap Agreement | 2019-07-01 | -$876,787 | Audited Financial Statements | 020223955 | 98 Bridge Street | Henniker | NH | 03242 | 501(c)(3) |
| New England College | |||||||||
| Other Liabilities | 2019-07-01 | -$162,253 | Audited Financial Statements | 020223955 | 98 Bridge Street | Henniker | NH | 03242 | 501(c)(3) |
| New England College | |||||||||
| Long-Term Obligations | 2019-07-01 | -$10,826,187 | Audited Financial Statements | 020223955 | 98 Bridge Street | Henniker | NH | 03242 | 501(c)(3) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor | Yes (1) | DirectorOfSuccessorInd |
| Employee Of Successor | 0 | EmployeeOfSuccessorInd |
| Owner Of Successor | 0 | OwnerOfSuccessorInd |
| Receive Compensation | 0 | ReceiveCompensationInd |
| Assets Distributed | Yes (1) | AssetsDistributedInd |
| Required To Notify AG | Yes (1) | RequiredToNotifyAGInd |
| Attorney General Notified | Yes (1) | AttorneyGeneralNotifiedInd |
| Liabilities Paid | Yes (1) | LiabilitiesPaidInd |
| Bonds Outstanding | 0 | BondsOutstandingInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 2e: | Person(s) Involved: TJ Whitelaw, Katherine Haley, Scott Simpson, Adam Kapner, Michele Perkins, and Paula Amato |
| Part I, Line 2e: | Explanation of Involvement: The board members and officers listed above will serve as board members and officers of New England College, the transferee organization. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, line 3 | Effective on January 1, 2019, New England College obtained control of the Institute through the appointment of a new Board of Directors for the Institute. The primary purpose of the transaction is to enhance the delivery of academic programs and streamline the administrative institutions of both organizations. The combined institution maintains the name of New England College, with the Institute operating as a subsidiary to New England College through June 30, 2019. The Institute was dissolved as a non-profit entity effective as of July 1, 2019. There was no consideration transferred in connection with the acquisition of the Institute. |
| Form 990, Part VI, Section B, line 11b | The Institute's Board receives a complete copy of the 990, including all schedules, prior to filing the 990. |
| Form 990, Part VI, Section B, line 12c | The Board of Trustees follows the requirements of state law (NH RSA 1:19-A) with respect to disclosure, evaluation, approval and reporting of business transactions between officers and directors of the institute. The Board conducts an annual survey of its members and officers requiring written disclosure of related party transactions. Transactions in excess of $500 involving board members and officers are reported to the board, evaluated for fairness and the best interests of the institute and then considered for approval by disinterested members of the board. A 2/3 majority vote is required for approval. Notices of any transactions that approved in excess of $5,000 are published in a newspaper of general circulation. A written report of transactions is sent to the New Hampshire attorney general and records are maintained at the office of the institute, available for public inspection. |
| Form 990, Part VI, Section B, line 15a | Compensation is reviewed and approved by the executive committee of the board. |
| Form 990, Part VI, Section C, line 19 | The Organization makes these documents available upon request. |
| Form 990, Part XI, line 9: | Transfer of Net Assets to New England College -20,101,970. Change in Fair Value of Interest Rate Swap Agreement -246,164. Change in Fair Value of Split-Interest Agreement -2,620. Merger Expenses -625,748. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | New England College | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 98 Bridge Street | AddressLine1Txt |
| City | Henniker | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03242 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 020223955 | EIN |
| Primary Activities | Education | PrimaryActivitiesTxt |
| Legal Domicile State | NH | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3) | ExemptCodeSectionTxt |
| Public Charity Status | Line 2 | PublicCharityStatusTxt |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |