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← DARTMOUTH REGIONAL TECHNOLOGY CENTER INC

Form 990 for tax year 2024

Filed by DARTMOUTH REGIONAL TECHNOLOGY CENTER INC.

Totals

Total revenue
$2,423,800
Total expenses
$2,330,954
Contributions and grants received
$0
Grants paid
$77,551
Program service revenue
$2,388,569
Investment income
$24,213
Other revenue
$11,018
Total assets, end of year
$5,766,843
Total liabilities, end of year
$2,717,477
Net assets or fund balances, end of year
$3,049,366
Program services expenses (Part IX)
$2,097,124
Management and general expenses
$233,830
Fundraising expenses
$0
Program service expenses (Part III)
$2,097,124

Program services were 90.0% 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 $2,388,569 · related or exempt $2,388,569

  • 3 · Investment income

    total $24,213 · excluded $24,213

  • 11a · Other revenue: OTHER INCOME

    total $11,018 · excluded $11,018

  • 11e · Other revenue, total

    $11,018

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $77,551 · program services $77,551

  • 5 · Compensation of officers, directors and key employees

    total $60,000 · program services $60,000

  • 11a · Fees: management

    total $138,672 · management and general $138,672

  • 11c · Fees: accounting

    total $58,851 · management and general $58,851

  • 11g · Fees: other

    total $3,951 · program services $3,951

  • 13 · Office expenses

    total $14,789 · program services $10,505 · management and general $4,284

  • 14 · Information technology

    total $6,815 · program services $6,815

  • 16 · Occupancy

    total $1,144,206 · program services $1,144,206

  • 22 · Depreciation, depletion and amortization

    total $373,966 · program services $373,966

  • 23 · Insurance

    total $42,261 · program services $10,238 · management and general $32,023

  • 24a · Other expenses: MAINTENANCE & BUILDING

    total $409,122 · program services $409,122

  • 24e · All other expenses

    total $770 · program services $770

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $176,794 · end of year $166,480

  • 2 · Savings and temporary cash investments

    beginning of year $653,432 · end of year $852,529

  • 4 · Accounts receivable

    beginning of year $29,556 · end of year $39,540

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,951,865 · end of year $1,873,406

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

    $4,603,092

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

    $1,768,204

  • 10c · Land, buildings and equipment, net

    beginning of year $3,036,503 · end of year $2,834,888

  • 17 · Accounts payable and accrued expenses

    beginning of year $147,429 · end of year $233,613

  • 19 · Deferred revenue

    beginning of year $126,767 · end of year $111,321

  • 23 · Secured mortgages and notes payable

    beginning of year $2,617,434 · end of year $2,372,543

  • 27 · Net assets without donor restrictions

    beginning of year $2,956,520 · end of year $3,049,366

Mission and programs · 2024

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 $2,019,573 · Revenue $2,388,569

  • GRANTS TO SUPPORT LOCAL ECONOMIC DEVELOPMENT.

    Expenses $77,551 · Grants $77,551

As filed on the 2024 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

  • Roy Schmidt

    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
2024
Filed
16 October 2025
IRS schema version
2024v5.2
Source object
202512899349300146

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