New Hampshire Bankers Association
- Assets
- $1.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Concord, NH
- Founding
- 02/1983
- Data as of
- 06/2021
- EIN
- 02-0235648
Organization Overview
New Hampshire Bankers Association is located in Concord, NH. The organization was established in 1983. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, New Hampshire Bankers Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hampshire Bankers Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2021, New Hampshire Bankers Association generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. 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
TO PROVIDE SERVICES TO MEMBER BANKS AND TO FOSTER A BANKING ENVIRONMENT THAT STRENGTHENS OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE BELOW FOR THE SCHEDULE OF CONFERENCES AND SEMINARS HELD FOR MEMBER BANKS-ATTENDANCE CONSISTS OF MEMBER BANKS' EMPLOYEES:ANNUAL CONFERENCEANNUAL MEETINGMORTGAGE CONFERENCETRUSTEES AND DIRECTORSTRUST FORUMGENERAL MEETINGMASTERING THE ARTFALL COMPLIANCEWOMEN IN BANKINGBANK SECRECYSPRING CEORETAIL BANKING CONFERENCECREDIT ANALYST DEVELOPEMENT
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristy Merrill President | Officer | 55 | $156,029 |
Sandra Tracy Svp/coo | Officer | 40 | $125,050 |
Ryan Hale V. Pres-Govt Rlts | Officer | 40 | $113,479 |
Richard M Wallis Chairman | OfficerTrustee | 3 | $0 |
Ronald L Magoon Treasurer | OfficerTrustee | 1 | $0 |
Reginald E Greene Jr Vice Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $915,542 |
| Investment income | $6,260 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $14,969 |
| 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 | $1,082,708 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $476,018 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $141,398 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $39,683 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54,000 |
| Fees for services: Accounting | $37,223 |
| Fees for services: Lobbying | $72,150 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,081 |
| Advertising and promotion | $0 |
| Office expenses | $11,265 |
| Information technology | $38,713 |
| Royalties | $0 |
| Occupancy | $52,239 |
| Travel | $2 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $108,580 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,940 |
| Insurance | $9,109 |
| All other expenses | $20,775 |
| Total functional expenses | $1,097,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,699,159 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,236 |
| 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 | $31,227 |
| Net Land, buildings, and equipment | $1,941 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $122,572 |
| Total assets | $1,878,135 |
| Accounts payable and accrued expenses | $72,085 |
| Grants payable | $0 |
| Deferred revenue | $172,191 |
| 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 | $244,276 |
| Net assets without donor restrictions | $1,633,859 |
| Net assets with donor restrictions | $0 |
| 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 | $1,878,135 |
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