Nackey S Loeb School Of Communications Inc
- Assets
- $3.4m
- Revenue
- $334.2k
- Investments
- $1.6m
- Employees
- 2
- Location
- Manchester, NH
- Founding
- 07/2000
- Data as of
- 12/2021
- EIN
- 02-0507891
Organization Overview
Nackey S Loeb School Of Communications Inc is located in Manchester, NH. The organization was established in 2000. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 12/2021, Nackey S Loeb School Of Communications Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nackey S Loeb School Of Communications Inc 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, Nackey S Loeb School Of Communications Inc generated $334.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $247.4k during the year ending 12/2021. While expenses have increased by 3.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A SCHOOL FOR EDUCATIONAL PURPOSES IN ALL ASPECTS OF COMMUNICATIONS, JOURNALISM, MEDIA STUDIES, AND RELATED FIELDS.
Describe the Organization's Program Activity:
OPERATION OF SCHOOL OF COMMUNICATIONS WITH CLASSES IN JOURNALISM, MEDIA STUDIES, AND RELATED FIELDS. THE NUMBER OF STUDENTS SERVED IN 2021 WAS 487.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Simoes Executive Director | Officer | 32 | $84,000 |
Charles G Douglas III Vice President, Trustee | OfficerTrustee | 1 | $0 |
Joseph W Mcquaid President, Trustee | OfficerTrustee | 1 | $0 |
Dirk F Ruemenapp Secretary, Trustee | OfficerTrustee | 1 | $0 |
John E Mackenzie Treasurer | Officer | 5 | $0 |
Jennifer M Horn Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $79,700 |
| Related organizations | $0 |
| Government grants | $37,180 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,006 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,886 |
| Total Program Service Revenue | $2,968 |
| Investment income | $32,903 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $91,733 |
| Net Gain/Loss on Asset Sales | $19,222 |
| Net Income from Fundraising Events | -$4,545 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $334,167 |
| 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. | $84,000 |
| Compensation of current officers, directors, key employees. | $8,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,629 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,650 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,398 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,524 |
| Office expenses | $4,447 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,767 |
| 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 | $32,374 |
| Insurance | $7,649 |
| All other expenses | $120 |
| Total functional expenses | $247,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $451,753 |
| Savings and temporary cash investments | $440,648 |
| 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 | $569,179 |
| Investments—publicly traded securities | $337,152 |
| Investments—other securities | $1,581,840 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,099 |
| Total assets | $3,382,671 |
| 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 | $13,144 |
| Total liabilities | $13,144 |
| Net assets without donor restrictions | $3,369,527 |
| 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 | $3,382,671 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Nackey S Loeb School Of Communications Inc has recieved totaling $41,013.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: For strategic plan, for the Union Leaders, journalism project | $25,000 |
Endowment For Health Inc Concord, NH PURPOSE: TO SUPPORT THE DEVELOPMENT OF THE SOLUTIONS JOURNALISM LAB AT THE NACKEY S. LOEB SCHOOL OF COMMUNICATIONS INTO A CENTER OF EXCELLENCE. | $15,000 |
Memton Fund Inc Wilmington, DE PURPOSE: MONADNOCK LEDGER-TRANSCRIPT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Benjamin Franklin Institute Of Technology Boston, MA | $15,070,208 | $17,077,730 |
Montserrat College Of Art Inc Beverly, MA | $16,506,023 | $17,973,351 |
Urban College Of Boston A Two Year College Inc Boston, MA | $2,648,182 | $7,626,014 |
Andover Newton Theological School Wayland, MA | $4,688,013 | $16,291 |
Beyond Conflict Inc Boston, MA | $3,388,180 | $2,249,772 |
Institute For Doctoral Studies Inthe Visual Arts Portland, ME | $2,196,695 | $1,883,702 |
Vt-Hec Inc Montpelier, VT | $1,501,110 | $1,554,968 |
Signum University Bedford, NH | $115,611 | $373,357 |
Clemente Course In The Humanities Inc Wellesley, MA | $283,630 | $314,523 |
Marion & Jasper Whiting Foundation Boston, MA | $4,347,923 | $415,513 |
Nackey S Loeb School Of Communications Inc Manchester, NH | $3,382,671 | $334,167 |
Grace Evangelical Inc Bangor, ME | $521,827 | $255,917 |