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Nonprofiteer
← UNIVERSITY OF NEW HAMPSHIRE FOUNDATION INCORPORATED

Form 990 for tax year 2023

Filed by UNIVERSITY OF NEW HAMPSHIRE FOUNDATION INCORPORATED.

Totals

Total revenue
$38,508,514
Total expenses
$43,839,561
Contributions and grants received
$23,435,883
Grants paid
$0
Program service revenue
$8,108,538
Investment income
$6,927,027
Other revenue
$37,066
Total assets, end of year
$343,519,195
Total liabilities, end of year
$7,036,008
Net assets or fund balances, end of year
$336,483,187
Program services expenses (Part IX)
$30,528,220
Management and general expenses
$4,170,774
Fundraising expenses
$9,266,941
Program service expenses (Part III)
$30,528,220

Program services were 69.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $39

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $23,435,844

  • 1g · Noncash contributions included above

    $2,918,181

  • 2a · Program service revenue: Fundraising Services

    total $8,108,538 · related or exempt $8,108,538 · unrelated business $0 · excluded $0

  • 2b · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2c · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2d · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2e · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $4,408,855 · related or exempt $4,408,855 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $97,730,722 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $95,212,550 · other assets $0

  • 7c · Gain or loss

    securities $2,518,172 · other assets $0

  • 7d · Net gain or loss

    total $2,518,172 · related or exempt $2,518,172 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Other activity

    total $37,066 · related or exempt $37,066 · unrelated business $0 · excluded $0

  • 11b · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11c · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $37,066

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $981,378 · program services $0 · management and general $460,113 · fundraising $521,265

  • 6 · Compensation of disqualified persons

    total $5,808,836 · program services $0 · management and general $365,897 · fundraising $5,461,391

  • 7 · Other salaries and wages

    total $597,208 · program services $0 · management and general $34,686 · fundraising $562,522

  • 8 · Pension plan contributions

    total $1,245,982 · program services $0 · management and general $72,470 · fundraising $1,173,512

  • 9 · Other employee benefits

    total $465,064 · program services $0 · management and general $28,057 · fundraising $437,007

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $22,572 · program services $0 · management and general $22,572 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $2,770,843 · program services $0 · management and general $2,770,843 · fundraising $0

  • 11g · Fees: other

    total $745,169 · program services $0 · management and general $163,376 · fundraising $581,792

  • 12 · Advertising and promotion

    total $58,866 · program services $0 · management and general $0 · fundraising $58,866

  • 13 · Office expenses

    total $368,482 · program services $0 · management and general $17,609 · fundraising $350,873

  • 14 · Information technology

    total $2,108 · program services $0 · management and general $215 · fundraising $2,108

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $122,080 · program services $0 · management and general $11,090 · fundraising $110,990

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $18,920 · program services $0 · management and general $14,876 · fundraising $4,044

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $30,528,220 · program services $30,528,220 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $11,447 · program services $0 · management and general $11,447 · fundraising $0

  • 24a · Other expenses: Membership Dues & Fees

    total $31,469 · program services $0 · management and general $28,898 · fundraising $2,571

  • 24b · Other expenses: Payment to Annuities

    total $7,519 · program services $0 · management and general $7,519 · fundraising $0

  • 24c · Other expenses: Scholarships

    total $1,600 · program services $0 · management and general $107,798 · fundraising $0

  • 24d · Other expenses: Strategic Initiatives

    total $49,990 · program services $0 · management and general $49,900 · fundraising $0

  • 24e · All other expenses

    total $1,808 · program services $0 · management and general $3,408 · fundraising $0

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $9,417,868 · end of year $4,764,336

  • 3 · Pledges and grants receivable

    beginning of year $13,890,838 · end of year $15,403,534

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $75,392,392 · end of year $80,516,371

  • 12 · Investments: other securities

    beginning of year $219,762,489 · end of year $242,666,512

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $122,324 · end of year $168,442

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,227,113 · end of year $431,964

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $6,427,463 · end of year $6,604,044

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $309,931,335 · end of year $336,483,187

Mission and programs · 2023

Mission

The University of New Hampshire Foundation Inc. UNHF is an entity whose purpose is to coordinate the acquisition of private support to benefit the University of New Hampshire UNH within the University System of New Hampshire USNH.

Activities or mission (Part I)

The mission is to coordinate the acquisition of private support with an emphasis on building the endowment for the benefit of the University of New Hampshire.

  • UNHF secured and transferred $19,193,726 in gifts to UNH USNH.

    Expenses $19,193,726

  • UNHF distributed $11,226,696 to UNH USNH to support endowed programs.

    Expenses $11,226,696

  • UNHF distributed $107,798 to St. Anselms College on behalf of the Responsible Governance and Sustainable Citizenship Project RGSCP an initiative involving UNH and St. Anselms College that promotes ethics citizenship principled leadership responsible governance and the creation of sustainable institutions. The $7M funding to establish the endowment came from a settlement reached between the NH Securities Board and Tyco International LTD in 2002.

    Expenses $107,798

As filed on the 2023 return.

Listed in Part VII

  • James Dean

    UNH President

    Total calculated
    $712,007
    From this org
    $0
    From related orgs
    $686,548
    Other
    $25,459
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $512,288 related
    Bonus
    $0 + $174,260 related
    Other
    $0
    Deferred
    $0 + $25,459 related
    Nontaxable benefits
    $0 + $20,240 related
    Filer's total
    $0 + $732,247 related

  • Deborah Dutton Cox

    UNHF President

    Total calculated
    $431,434
    From this org
    $398,434
    From related orgs
    $0
    Other
    $33,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $333,307
    Bonus
    $65,127
    Other
    $0
    Deferred
    $33,000
    Nontaxable benefits
    $23,265
    Filer's total
    $454,699

  • Susan McDonough

    AVP Development

    Total calculated
    $218,779
    From this org
    $198,809
    From related orgs
    $0
    Other
    $19,970
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,309
    Bonus
    $17,500
    Other
    $0
    Deferred
    $19,970
    Nontaxable benefits
    $19,861
    Filer's total
    $238,640

  • Erik Gross

    UNHF Treasurer

    Total calculated
    $188,386
    From this org
    $169,177
    From related orgs
    $0
    Other
    $19,209
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,177
    Bonus
    $0
    Other
    $0
    Deferred
    $19,209
    Nontaxable benefits
    $22,961
    Filer's total
    $211,347

  • Jennifer Lowery

    Major Gift Officer

    Total calculated
    $172,209
    From this org
    $164,805
    From related orgs
    $0
    Other
    $7,404
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,105
    Bonus
    $17,700
    Other
    $0
    Deferred
    $7,404
    Nontaxable benefits
    $22,930
    Filer's total
    $195,139

  • Jacquelyn Overton

    Managing Director Development

    Total calculated
    $181,443
    From this org
    $165,136
    From related orgs
    $0
    Other
    $16,307
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,136
    Bonus
    $15,000
    Other
    $0
    Deferred
    $16,307
    Nontaxable benefits
    $9,024
    Filer's total
    $190,467

  • Stacy Fender

    Major Gift Officer

    Total calculated
    $170,518
    From this org
    $162,638
    From related orgs
    $0
    Other
    $7,880
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,638
    Bonus
    $15,000
    Other
    $0
    Deferred
    $7,880
    Nontaxable benefits
    $18,328
    Filer's total
    $188,846

  • Mary Horigan

    Sr Executive Director

    Total calculated
    $156,306
    From this org
    $140,696
    From related orgs
    $0
    Other
    $15,610
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,696
    Bonus
    $0
    Other
    $0
    Deferred
    $15,610
    Nontaxable benefits
    $8,791
    Filer's total
    $165,097

  • Gina Damiano

    Assistant Vice President

    Total calculated
    $134,301
    From this org
    $122,797
    From related orgs
    $0
    Other
    $11,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,797
    Bonus
    $0
    Other
    $0
    Deferred
    $11,504
    Nontaxable benefits
    $9,356
    Filer's total
    $143,657

  • Kevin Knarr

    Chair

    Total calculated
    $0
    Hours/week
    5

  • Katie Bouton

    Vice Chair

    Total calculated
    $0
    Hours/week
    5

  • Sue Pepin

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • Jamie Burnett

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Campbell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Christine Carberry

    Director

    Total calculated
    $0
    Hours/week
    1

  • Andy Coville

    Director

    Total calculated
    $0
    Hours/week
    1

  • Samuel Despins

    Director

    Total calculated
    $0
    Hours/week
    1

  • Chris Dwyer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Shawn Gorman

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Hallal

    Director

    Total calculated
    $0
    Hours/week
    1

  • Thomas Hayes

    Director

    Total calculated
    $0
    Hours/week
    1

  • Henry Huntington

    Director

    Total calculated
    $0
    Hours/week
    1

  • Pauline Ikawa

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tito Jackson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gregory Jansen

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sarah Libbey

    Director

    Total calculated
    $0
    Hours/week
    1

  • Donna Lynne

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ed Olefirowicz

    Director

    Total calculated
    $0
    Hours/week
    1

  • James Patrick IV

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert Phillips

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Turner

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sherry Young

    Director

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202511329349302086

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