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Nonprofiteer
← DARTMOUTH REGIONAL TECHNOLOGY CENTER INC

Form 990 for tax year 2022

Filed by DARTMOUTH REGIONAL TECHNOLOGY CENTER INC.

Totals

Total revenue
$2,113,757
Total expenses
$2,002,554
Contributions and grants received
$0
Grants paid
$53,409
Program service revenue
$2,109,473
Investment income
$4,284
Other revenue
$0
Total assets, end of year
$5,725,417
Total liabilities, end of year
$3,069,558
Net assets or fund balances, end of year
$2,655,859
Program services expenses (Part IX)
$1,764,881
Management and general expenses
$237,673
Fundraising expenses
$0
Program service expenses (Part III)
$1,764,881

Program services were 88.1% 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.

  • 2a · Program service revenue: INCUBATOR RENT INCOME

    total $2,109,473 · related or exempt $2,109,473

  • 3 · Investment income

    total $4,284 · excluded $4,284

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $53,409 · program services $53,409

  • 11a · Fees: management

    total $127,470 · management and general $127,470

  • 11c · Fees: accounting

    total $63,000 · management and general $63,000

  • 11g · Fees: other

    total $798 · program services $798

  • 13 · Office expenses

    total $18,658 · program services $9,326 · management and general $9,332

  • 14 · Information technology

    total $6,761 · program services $6,761

  • 16 · Occupancy

    total $954,731 · program services $954,731

  • 22 · Depreciation, depletion and amortization

    total $294,258 · program services $294,258

  • 23 · Insurance

    total $46,883 · program services $14,954 · management and general $31,929

  • 24a · Other expenses: MAINTENANCE & BUILDING

    total $430,071 · program services $430,071

  • 24e · All other expenses

    total $6,515 · program services $573 · management and general $5,942

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $98,804 · end of year $63,940

  • 2 · Savings and temporary cash investments

    beginning of year $469,666 · end of year $378,724

  • 4 · Accounts receivable

    beginning of year $80,563 · end of year $41,354

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,167,820 · end of year $2,049,901

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

    $4,243,380

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

    $1,051,882

  • 10c · Land, buildings and equipment, net

    beginning of year $2,694,774 · end of year $3,191,498

  • 17 · Accounts payable and accrued expenses

    beginning of year $124,207 · end of year $177,487

  • 19 · Deferred revenue

    beginning of year $20,781 · end of year $42,389

  • 23 · Secured mortgages and notes payable

    beginning of year $2,821,983 · end of year $2,849,682

  • 27 · Net assets without donor restrictions

    beginning of year $2,544,656 · end of year $2,655,859

Mission and programs · 2022

Mission

BUSINESS INCUBATOR PROMOTING AND SUPPORTING BUSINESS VENTURE GROWTH IN THE LOCAL REGION AND ENCOURAGING POSITIVE ECONOMIC BENEFIT IN THE STATE OF NEW HAMPSHIRE.

Activities or mission (Part I)

THE ORGANIZATION'S PURPOSE IS TO PROMOTE AND SUPPORT LOCAL BUSINESS GROWTH AND ECONOMIC DEVELOPMENT.

  • DRTC MAINTAINS AND LEASES WORK SPACE SUCH AS LABORATORIES AND OFFICES TO GROWING BUSINESSES.

    Expenses $1,711,472 · Revenue $2,109,473

  • GRANTS TO SUPPORT LOCAL ECONOMIC DEVELOPMENT.

    Expenses $53,409 · Grants $53,409

As filed on the 2022 return.

Listed in Part VII

  • Trip Davis

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Anne Duncan Cooley

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Michelle Moren-Grey

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Benoit Lamontagne

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Barry Schweitzer

    TRUSTEE

    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349305154

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