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Nonprofiteer
← HANOVER IMPROVEMENT SOCIETY CORP

Form 990 for tax year 2023

Filed by HANOVER IMPROVEMENT SOCIETY CORP.

Totals

Total revenue
$2,852,461
Total expenses
$2,034,122
Contributions and grants received
$843,103
Grants paid
$0
Program service revenue
$1,659,068
Investment income
$304,847
Other revenue
$45,443
Total assets, end of year
$12,649,791
Total liabilities, end of year
$352,582
Net assets or fund balances, end of year
$12,297,209
Program services expenses (Part IX)
$1,679,921
Management and general expenses
$346,106
Fundraising expenses
$8,095
Program service expenses (Part III)
$1,679,921

Program services were 82.6% 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.

  • 1f · All other contributions, gifts and grants

    $843,103

  • 2a · Program service revenue: NUGGET MOVIE THEATER

    total $744,890 · unrelated business $744,890

  • 2b · Program service revenue: JAMES W. CAMPION III RINK

    total $538,291 · related or exempt $538,291

  • 2c · Program service revenue: STORRS POND RECREATION AREA

    total $374,606 · related or exempt $374,606

  • 2d · Program service revenue: MISC

    total $1,281 · related or exempt $1,281

  • 3 · Investment income

    total $157,267 · excluded $157,267

  • 6a · Gross rents

    real property $73,000

  • 6b · Less rental expenses

    real property $27,557

  • 6c · Rental income or loss

    real property $45,443

  • 6d · Net rental income or loss

    total $45,443 · excluded $45,443

  • 7a · Gross sales of assets other than inventory

    securities $1,732,705

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

    securities $1,582,813 · other assets $2,312

  • 7c · Gain or loss

    securities $149,892 · other assets -$2,312

  • 7d · Net gain or loss

    total $147,580 · excluded $147,580

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $125,937 · management and general $125,937

  • 7 · Other salaries and wages

    total $527,771 · program services $456,687 · management and general $71,084

  • 9 · Other employee benefits

    total $88,965 · program services $72,292 · management and general $16,673

  • 10 · Payroll taxes

    total $47,988 · program services $33,528 · management and general $14,460

  • 11c · Fees: accounting

    total $107,297 · program services $30,904 · management and general $76,393

  • 11g · Fees: other

    total $34,118 · program services $30,783 · management and general $3,335

  • 12 · Advertising and promotion

    total $12,706 · program services $12,683 · management and general $23

  • 13 · Office expenses

    total $40,512 · program services $35,650 · management and general $4,862

  • 16 · Occupancy

    total $325,516 · program services $324,764 · management and general $752

  • 20 · Interest

    total $5,344 · program services $5,207 · management and general $137

  • 22 · Depreciation, depletion and amortization

    total $193,807 · program services $192,865 · management and general $942

  • 23 · Insurance

    total $108,277 · program services $90,541 · management and general $17,736

  • 24a · Other expenses: NUGGET FILM RENTAL

    total $275,227 · program services $275,227

  • 24b · Other expenses: CONCESSIONS EXPENSE

    total $49,358 · program services $49,358

  • 24c · Other expenses: CREDIT CARD FEES

    total $39,031 · program services $39,031

  • 24d · Other expenses: OPERATING SUPPLIES

    total $16,018 · program services $16,018

  • 24e · All other expenses

    total $36,250 · program services $14,383 · management and general $13,772 · fundraising $8,095

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $411,633 · end of year $113,157

  • 2 · Savings and temporary cash investments

    beginning of year $2,396,304 · end of year $138,422

  • 3 · Pledges and grants receivable

    beginning of year $1,484,367 · end of year $732,160

  • 4 · Accounts receivable

    beginning of year $46,106 · end of year $41,464

  • 8 · Inventories for sale or use

    beginning of year $6,534 · end of year $9,986

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,812 · end of year $6,652

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

    $14,241,919

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

    $6,291,643

  • 10c · Land, buildings and equipment, net

    beginning of year $2,731,014 · end of year $7,950,276

  • 11 · Investments: publicly traded securities

    beginning of year $4,715,675 · end of year $3,652,374

  • 15 · Other assets

    beginning of year $0 · end of year $5,300

  • 17 · Accounts payable and accrued expenses

    beginning of year $248,791 · end of year $111,501

  • 19 · Deferred revenue

    beginning of year $160,662 · end of year $138,574

  • 23 · Secured mortgages and notes payable

    beginning of year $146,084 · end of year $89,426

  • 25 · Other liabilities

    beginning of year $4,300 · end of year $13,081

  • 27 · Net assets without donor restrictions

    beginning of year $6,953,143 · end of year $12,280,913

  • 28 · Net assets with donor restrictions

    beginning of year $4,287,465 · end of year $16,296

Mission and programs · 2023

Mission

IDENTIFY, EVALUATE, AND SUPPORT OPPORTUNITIES TO QUIETLY MAINTAIN AND IMPROVE THE HANOVER COMMUNITY, BY THE FUNDING OF "GOOD WORKS" PROJECTS.

Activities or mission (Part I)

TO MAKE HANOVER, NEW HAMPSHIRE A BETTER PLACE.

  • STORRS POND RECREATION AREA - THIS FACILITY IS THE HIDDEN GEM OF OUTDOOR ACTIVITIES IN THE UPPER VALLEY. WE HAVE A POOL FOR SWIMMING AND SWIM LESSONS, A POND FOR SWIMMING AND BOATING, A CAMPGROUND WITH TENT AND RV HOOKUPS, FOUR TENNIS COURTS, A SPLASH PAD, DISC GOLF, AND FIVE PAVILIONS FOR FOLKS TO HOLD THEIR SPECIAL EVENTS. THIS YEAR, WE HAD 520 FAMILIES SIGNUP, AND AVERAGED OVER 750 PEOPLE A DAY VISITING FROM ALL OVER THE UPPER VALLEY AND NEW ENGLAND.

    Expenses $406,261 · Revenue $374,606

  • JAMES W. CAMPION III RINK - AN OUTSTANDING SKATING FACILITY THAT OPERATES FOR SEVEN MONTHS A YEAR, SEVEN DAYS A WEEK, AND SIXTEEN HOURS EACH DAY. WE HOST 17 DIFFERENT SKATING GROUPS REPRESENTING AGES 3 - 80. DRAWING FROM 43 LOCAL TOWNS FOR OUR RINK RUN PROGRAMS, WE ALSO OFFER COMMUNITY PUBLIC SKATE, LEARN TO SKATE, AND OPEN STICK TIMES. WE ALSO ARE THE HOST FOR 4 AREA HIGH SCHOOL HOCKEY TEAMS.

    Expenses $432,952 · Revenue $542,704

  • NUGGET THEATER - SINCE 1916 THE NUGGET THEATER HAS BEEN SHOWING THE FINEST FILMS HOLLYWOOD HAS TO OFFER. AS THE OLDEST MAIN STREET THEATER IN THE STATE, PEOPLE FROM ALL OVER THE TWIN STATES COME TO ENJOY THE BEST POPCORN MADE WITH REAL BUTTER, AS WELL AS THE LATEST FILMS AVAILABLE.

    Expenses $840,708

As filed on the 2023 return.

Listed in Part VII

  • Aricca Van Citters

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Amy Hochreiter

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Bill Hammond

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Rick Lemay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kerry Artman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phillip McCaull

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Betsy Storrs Bent

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Graham

    GENERAL MANAGER

    Total calculated
    $126,153
    From this org
    $120,424
    From related orgs
    $0
    Other
    $5,729
    Hours/week
    40

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
1 October 2024
IRS schema version
2023v5.1
Source object
202422759349301607

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