Totals
- Total revenue
- $20,276,349
- Total expenses
- $3,002,433
- Contributions and grants received
- $20,000,000
- Grants paid
- $3,000,000
- Program service revenue
- $0
- Investment income
- $276,349
- Other revenue
- $0
- Total assets, end of year
- $17,273,916
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $17,273,916
- Program services expenses (Part IX)
- $3,000,000
- Management and general expenses
- $2,433
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,000,000
Program services were 99.9% 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.
-
1d · Related organizations
$20,000,000
-
3 · Investment income
total $276,349 · excluded $276,349
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,000,000 · program services $3,000,000
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $2,433 · management and general $2,433
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $4,856,951
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
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 $2,917
-
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 $0 · end of year $12,414,048
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
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 $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
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 $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $0 · end of year $17,273,916
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
SEE SCHEDULE O
-
SEE SCHEDULE O
Expenses $3,000,000
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dr Paul J LeBlanc
President & TRUSTEE
- Total calculated
- $1,536,691
- From this org
- $0
- From related orgs
- $1,466,779
- Other
- $69,912
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $942,788 related
- Bonus
- $0 + $400,000 related
- Other
- $0 + $123,991 related
- Deferred
- $0 + $47,500 related
- Nontaxable benefits
- $0 + $22,412 related
- Filer's total
- $0 + $1,536,691 related
-
Kenneth LeeKENNETH LEE
TREASURER
- Total calculated
- $531,955
- From this org
- $0
- From related orgs
- $457,673
- Other
- $74,282
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $353,983 related
- Bonus
- $0 + $100,000 related
- Other
- $0 + $3,690 related
- Deferred
- $0 + $45,500 related
- Nontaxable benefits
- $0 + $29,282 related
- Filer's total
- $0 + $532,455 related
-
R Yvette ClarkR YVETTE CLARK
SECRETARY
- Total calculated
- $440,036
- From this org
- $0
- From related orgs
- $371,248
- Other
- $68,788
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $306,135 related
- Bonus
- $0 + $62,000 related
- Other
- $0 + $3,113 related
- Deferred
- $0 + $47,500 related
- Nontaxable benefits
- $0 + $21,288 related
- Filer's total
- $0 + $440,036 related
-
Winifred LernerWINIFRED LERNER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ralph Richard BanksRALPH RICHARD BANKS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Howard BrodskyHOWARD BRODSKY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Grady R BurnettGRADY R BURNETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Maribel DuranMARIBEL DURAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Janiece Y Evans-PageJANIECE Y EVANS-PAGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Matt GreenfieldMATT GREENFIELD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lisa M GuertinLISA M GUERTIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Maryellen C McGuireDR MARYELLEN C MCGUIRE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Diane TryneskiDIANE TRYNESKI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Melanie WhelanMELANIE WHELAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Luis Arturo LopezLUIS ARTURO LOPEZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Sonja Brookins SantelisesDR SONJA BROOKINS SANTELISES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Sharon Scott-ChandlerSHARON SCOTT-CHANDLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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
The filer's explanations (Part III)
- SCHEDULE J, PART I, LINE 3:
- THE CORPORATION RELIES ON SNHU, A SUPPORTED ORGANIZATION, TO DETERMINE THE COMPENSATION OF ITS OFFICERS. THE COMPENSATION WAS SET BY AN INDEPENDENT COMMITTEE OF THE BOARD OF TRUSTEES OF SNHU AFTER REVIEWING COMPARABLE COMPENSATION INFORMATION. DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS WERE CONTEMPORANEOUSLY DOCUMENTED.
- SCHEDULE J, PART I, LINE 4B:
- DURING CALENDAR YEAR 2022, THE PRESIDENT & CEO OF SOUTHERN NEW HAMPSHIRE UNIVERSITY PARTICIPATED IN A DEFERRED COMPENSATION PLAN. AMOUNTS CREDITED ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE UNTIL VESTING IN 2025.
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
-
$3,000,000
GENERAL SUPPORT
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.
-
SOUTHERN NEW HAMPSHIRE UNIVERSITY
501(C)(3) · EDUCATION · NH · controlled entity
Directly controlled by IMPACT ORG
-
THE URBAN COLLEGE OF BOSTON INC
501(C)(3) · EDUCATION · DE · controlled entity
Directly controlled by IMPACT ORG
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
Rethink Education Seed LP
Investments · NY
Directly controlled by NA
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
SPLIT INTEREST TRUSTS (2)
TRUST · SUPPORT · NH · controlled entity
Directly controlled by SNHU
-
KenzieAcademy Administracao e Participa
C Corp · ASSET MGMT · BR · controlled entity
Directly controlled by SNHU
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411349349303431
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