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Nonprofiteer
← BELKNAP COUNTY ECONOMIC DEVELOPMENT COUNCIL INC

Form 990 for tax year 2022

Filed by BELKNAP COUNTY ECONOMIC DEVELOPMENT COUNCIL INC.

Totals

Total revenue
$365,686
Total expenses
$503,554
Contributions and grants received
$335,308
Grants paid
$190,125
Program service revenue
$28,927
Investment income
$41
Other revenue
$1,410
Total assets, end of year
$5,693,640
Total liabilities, end of year
$1,170,630
Net assets or fund balances, end of year
$4,523,010
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$408,480

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.

  • 1e · Government grants (contributions)

    $280,718

  • 1f · All other contributions, gifts and grants

    $54,590

  • 2a · Program service revenue: PROGRAM LOAN INTEREST

    total $28,702 · related or exempt $28,702

  • 2b · Program service revenue: PROGRAM SERVICE FEES

    total $225 · related or exempt $225

  • 3 · Investment income

    total $41 · excluded $41

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $1,410 · excluded $1,410

  • 11e · Other revenue, total

    $1,410

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $190,125

  • 5 · Compensation of officers, directors and key employees

    total $100,984

  • 7 · Other salaries and wages

    total $29,610

  • 10 · Payroll taxes

    total $9,862

  • 11a · Fees: management

    total $2,814

  • 11c · Fees: accounting

    total $24,365

  • 11g · Fees: other

    total $50,131

  • 12 · Advertising and promotion

    total $9,580

  • 13 · Office expenses

    total $8,335

  • 16 · Occupancy

    total $12,206

  • 17 · Travel

    total $1,427

  • 20 · Interest

    total $4,785

  • 22 · Depreciation, depletion and amortization

    total $3,043

  • 23 · Insurance

    total $42,024

  • 24a · Other expenses: MISCELLANEOUS

    total $9,256

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $3,807

  • 24c · Other expenses: NH BET

    total $1,200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $158,032 · end of year $2,354

  • 4 · Accounts receivable

    beginning of year $47,500 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $5,449,779 · end of year $5,684,291

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

    $23,381

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

    $17,237

  • 10c · Land, buildings and equipment, net

    beginning of year $9,187 · end of year $6,144

  • 15 · Other assets

    beginning of year $851 · end of year $851

  • 17 · Accounts payable and accrued expenses

    beginning of year $65,866 · end of year $89,300

  • 23 · Secured mortgages and notes payable

    beginning of year $948,007 · end of year $1,081,330

  • 27 · Net assets without donor restrictions

    beginning of year $4,651,476 · end of year $4,523,010

Mission and programs · 2022

Mission

THE MISSION OF THE COUNCIL IS TO PRESERVE AND CREATE EMPLOYMENT OPPORTUNITIES, AND PROVIDE EDUCATIONAL AND BUSINESS DEVELOPMENT ASSISTANCE IN BELKNAP COUNTY, NEW HAMPSHIRE.

Activities or mission (Part I)

TO PROMOTE THE ECONOMIC VITALITY OF BELKNAP COUNTY BY PROVIDING COORDINATION AND LEADERSHIP IN FACILITATING SUSTAINABLE ECONOMIC GROWTH AND THE PRESERVATION AND CREATION OF QUALITY JOBS.

  • ECONOMIC DEVELOPMENT AND ASSISTANCE TO ELEVEN CITIES AND TOWNS IN BELKNAP COUNTY, NH TO FACILITATE SUSTAINABLE ECONOMIC GROWTH AND JOB RETENTION.

    Expenses $408,480 · Grants $190,125 · Revenue $28,927

As filed on the 2022 return.

Listed in Part VII

  • Christopher F Walkley

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Allison Ambrose

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Paul Onthank

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andrew Pike

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Bill Bald

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeff Hayes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brian Bozak

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jeanie Forrester

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christopher Dickinson

    LOAN COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Anderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jodie Gallant

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chris Kelly

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alexandra Pelletier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Justin Slattery

    EXECUTIVE DIRECTOR

    Total calculated
    $100,984
    From this org
    $98,043
    From related orgs
    $0
    Other
    $2,941
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $98,043
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $2,941
    Filer's total
    $100,984

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 · 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

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

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.

  • 609 MAIN ST LLC

    NA · REGIONAL DEVELOPMENT · NH · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • 609 MAIN STREET INC

    C · REGIONAL DEVELOPMENT · NH · 100% owned · controlled entity

    Directly controlled by THE COUNCIL

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349328938

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