Crotched Mountain Foundation
- Assets
- $33.4m
- Revenue
- $3.9m
- Investments
- $336.4k
- Employees
- 0
- Location
- Manchester, NH
- Founding
- 11/1953
- Data as of
- 06/2022
- EIN
- 02-0222168
Organization Overview
Crotched Mountain Foundation is located in Manchester, NH. The organization was established in 1953. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crotched Mountain Foundation 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 06/2022, Crotched Mountain Foundation generated $3.9m 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 (7.8%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (21.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Crotched Mountain Foundation has awarded 22 individual grants totaling $22,124,389. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SPECIALIZED EDUCATION, REHABILITATION, COMMUNITY, AND RESIDENTIAL SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF CMF, INC. IS TO PROMOTE, ENCOURAGE AND SPONSOR CHARITABLE HEALTH, REHABILITATIVE AND EDUCATIONAL SERVICES ON BEHALF OF CHILDREN, ADULTS AND ELDERLY PERSONS. CMF WILL BE A PRINCIPAL FORCE IN ENABLING AND EMPOWERING PERSONS WITH PHYSICAL, DEVELOPMENTAL, EMOTIONAL AND OTHER HEALTH RELATED CONSIDERATIONS TO PURSUE THE HIGHEST DEGREE OF PHYSICAL, EMOTIONAL AND SOCIAL INDEPENDENCE AS MAY BE INDIVIDUALLY POSSIBLE.
THE CORE PURPOSE OF CMFKIDS IS TO ELEVATE AND BUILD SPECIAL EDUCATION CAPACITY IN PUBLIC SCHOOLS FOR CHILDREN WITH COMPLEX NEEDS WHO RESIDE IN ECONOMICALLY DISADVANTAGED COMMUNITIES WITHIN NH. CMFKIDS CURRENTLY PROVIDES SPECIAL EDUCATION PARTNERSHIP AWARDS FOR ELIGIBLE SCHOOL DISTRICTS WITHIN COOS, GRAFTON, CHESHIRE AND SULLIVAN COUNTIES. THE INTEREST OF CMFKIDS IS TO FUND INITIATIVES THAT DEVELOP SUSTAINABLE SPECIAL EDUCATION PROGRAMS AND SERVICES IN THE AREAS OF INCLUSIVE EDUCATION, FAMILY ENGAGEMENT IN THE IEP AND SPECIAL EDUCATION SERVICES, VOCATIONAL TRAINING AND EMPLOYMENT, TRANSITION PLANNING AND SERVICES, TEACHER AND PARAPROFESSIONAL TRAINING AND DEVELOPMENT, AND OVERALL STUDENT ACHIEVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Olney President & CEO | OfficerTrustee | 17 | $0 |
Henry Veilleux Chairman | OfficerTrustee | 0.5 | $0 |
Ethan Arnold Treasurer | OfficerTrustee | 0.5 | $0 |
James C Piet Vice Chair | OfficerTrustee | 0.5 | $0 |
Kevin Harte VP Advancement | Officer | 17 | $0 |
Jonathan Sparkman Secretary | Officer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crotched Mountain Community Care Inc Management Services | 6/29/22 | $653,356 |
Four Seasons Sothebys Real Estate Services | 6/29/22 | $166,250 |
Devine Millimet & Branch Pa Legal Services | 6/29/22 | $163,365 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,096 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,762,192 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,777,288 |
| Total Program Service Revenue | $251,192 |
| Investment income | $342,690 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,467,028 |
| Net Income from Fundraising Events | $20,007 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,858,205 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $247,248 |
| 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 | $653,356 |
| Fees for services: Legal | $235,337 |
| Fees for services: Accounting | $89,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $106,847 |
| Fees for services: Other | $342,205 |
| Advertising and promotion | $3,037 |
| Office expenses | $105,523 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,619 |
| Travel | $2,547 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,257 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $142,276 |
| Insurance | $55,781 |
| All other expenses | $0 |
| Total functional expenses | $2,097,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,880,607 |
| Savings and temporary cash investments | $5,245,125 |
| Pledges and grants receivable | $875 |
| Accounts receivable, net | $3,783 |
| 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 | $27,768 |
| Net Land, buildings, and equipment | $397,615 |
| Investments—publicly traded securities | $12,341,681 |
| Investments—other securities | $336,447 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,184,084 |
| Total assets | $33,417,985 |
| Accounts payable and accrued expenses | $312,235 |
| 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 | $446,594 |
| Total liabilities | $758,829 |
| Net assets without donor restrictions | $3,788,094 |
| Net assets with donor restrictions | $28,871,062 |
| 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 | $33,417,985 |
Grants Awarded
Over the last fiscal year, Crotched Mountain Foundation has awarded $247,248 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
LISBON SCHOOL DISTRICT PURPOSE: General Support | $50,000 |
NORTHUMBERLAND SCHOOL DISTRICT PURPOSE: General Support | $50,000 |
WHITE MOUNTAINS REGIONAL SCHOOL DISTRICT PURPOSE: General Support | $47,500 |
WARREN SCHOOL DISTRICT PURPOSE: General Support | $45,192 |
Greenfield, NH PURPOSE: Support to affiliate for operations and capital acquisitions. | $33,991 |
MILAN SCHOOL DISTRICT PURPOSE: General Support | $9,940 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Crotched Mountain Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Roger R Thompson & Theresa S Endowment Fund Fbo Local Charity Portsmouth, NH PURPOSE: PROVIDE SUPPORT TO INDIVIDUALS WITH DISABILITIES AND THEIR FAMILIES, TO EMBRACE PERSONAL CHOICE AND DEVELOPMENT, AND TO BUILD COMMUNITIES OF MUTUAL SUPPORT. | $10,000 |
Endowment Analysis
| Beg. Balance | $16,652,974 |
| Earnings | -$1,330,255 |
| Net Contributions | $973,940 |
| Other Expense | $19,733 |
| Ending Balance | $16,276,926 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Waypoint Manchester, NH | $32,573,224 | $19,134,809 |
Capstone Community Action Inc Barre, VT | $12,760,181 | $16,370,682 |
Roxbury Tenants Of Harvard Association Inc Boston, MA | $107,579,482 | $10,061,394 |
Waldo Community Action Partners Belfast, ME | $14,143,025 | $19,879,626 |
Catholic Charities Of The Diocese Of Fall River Massachusetts Inc Fall River, MA | $7,496,245 | $12,740,574 |
Catholic Charities Diocese Of Worcester Inc Worcester, MA | $14,992,704 | $11,466,472 |
Centro Las Americas Inc Worcester, MA | $3,132,302 | $10,598,181 |
Marthas Vineyard Community Services Inc Vineyard Haven, MA | $23,768,011 | $12,216,383 |
Vertex Foundation Inc Boston, MA | $5,076,822 | $15,007,934 |
Rogerson Communities Boston, MA | $47,463,639 | $10,337,482 |
St Boniface Haiti Foundation Inc Newton, MA | $12,232,493 | $9,069,662 |
North East Kingdom Community Action Inc Newport, VT | $4,712,717 | $8,659,895 |