Alpha Loft
- Assets
- $17.5k
- Revenue
- $56.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Manchester, NH
- Founding
- 05/2011
- Data as of
- 06/2019
- EIN
- 27-2414786
Organization Overview
Alpha Loft is located in Manchester, NH. The organization was established in 2011. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2019, Alpha Loft employed 3 individuals. Alpha Loft 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 06/2019, Alpha Loft generated $56.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (43.3%) each year. All expenses for the organization totaled $124.7k during the year ending 06/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO ACCELERATE THE DEVELOPMENT OF EARLY-STAGE BUSINESSES, COMMERCIALIZE INTELLECTUAL CAPITAL, AND TO CREATE SUSTAINABLE EMPLOYMENT OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED AFFORDABLE OFFICE SPACE, TECHNICAL ASSISTANCE AND ACCESS TO RESOURCES TO DOZENS OF BUSINESSES. CONDUCTED EVENTS, WORKSHOPS, SEMINARS AND PANEL DISCUSSIONS FOR HUNDREDS OF INDIVIDUALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa King Secretary | OfficerTrustee | 1 | $0 |
Matt Benson President | OfficerTrustee | 1 | $0 |
Peter Lachance Treasurer | OfficerTrustee | 1 | $0 |
Liz Gray Director | Trustee | 1 | $0 |
Toral Cowieson Director | Trustee | 1 | $0 |
Paul Mailhot Director | Trustee | 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 | $5 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5 |
| Total Program Service Revenue | $56,596 |
| Investment income | $38 |
| 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 | $56,639 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,570 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,451 |
| Advertising and promotion | $0 |
| Office expenses | $2,241 |
| Information technology | $3,105 |
| Royalties | $0 |
| Occupancy | $24,374 |
| Travel | $2,575 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,722 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,003 |
| All other expenses | $135 |
| Total functional expenses | $124,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,319 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $162 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,481 |
| 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 | $28,510 |
| Total liabilities | $28,510 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$11,029 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alpha Loft has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homestart Inc Boston, MA | $5,713,584 | $14,864,192 |
Massachusetts Manufacturing Extension Partnership Inc Auburn, MA | $5,456,400 | $10,807,956 |
Dorchester Bay Economic Development Corporation Dorchester, MA | $50,118,730 | $16,286,134 |
Monadnock Economic Development Corporation Keene, NH | $44,564,780 | $2,525,403 |
Worcester Business Development Corporation Worcester, MA | $18,366,111 | $1,969,639 |
Brewery Development Co Of Jamaica Plain Jamaica Plain, MA | $15,925,707 | $3,916,068 |
Sunrise County Economic Council Machias, ME | $3,070,902 | $3,332,067 |
Northern Community Investment Corp St Johnsbury, VT | $17,776,781 | $1,513,182 |
Dudley Street Neighborhood Initiative Inc Roxbury, MA | $1,937,118 | $1,598,993 |
Randolph Area Community Development Corporation Randolph, VT | $5,201,775 | $1,051,354 |
Rutland Economic Development Corporation Rutland, VT | $2,538,435 | $1,109,239 |
Beyond Walls Inc Lynn, MA | $542,232 | $900,900 |