KEENE ENDOWMENT ASSOCIATION: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- KEENE ENDOWMENT ASSOCIATION (EIN 02-6009681)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-05-03
- IRS object ID
- 202441249349300014
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-03T07:16:41-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 010523282 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Berry Dunn McNeil & Parker LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 Elm Street 4th Floor | AddressLine1Txt |
| City | Manchester | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 026009681 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Keene Endowment Association | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KEEN | BusinessNameControlTxt |
| Phone | 6033582372 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 229 Main Street | AddressLine1Txt |
| City | Keene | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 034352701 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Daniel Kurowski | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 6033582372 | PhoneNum |
| Signature | 2024-05-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Daniel | PersonFirstNm |
| Person Last | Kurowski | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Melissa Magoon CPA | PreparerPersonNm |
| PTIN | P01712842 | PTIN |
| Phone | 6036697337 | PhoneNum |
| Preparation | 2024-05-01 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Daniel Kurowski | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 229 Main Street | AddressLine1Txt |
| City | Keene | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 034352701 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $6,879,352 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1957 | FormationYr |
| Legal Domicile State | NH | LegalDomicileStateCd |
| Activity Or Mission | Keene Endowment Association (KEA) helps donors provide scholarships for Keene State College students and resources to enhance their education. The KEA Board also assures donors their philanthropy makes a difference. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 14 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 17 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,280,233 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,004,351 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $791,569 | PYInvestmentIncomeAmt |
| CY Investment Income | $699,095 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $3,071,802 | PYTotalRevenueAmt |
| CY Total Revenue | $2,703,446 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $619,417 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $846,541 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $122,256 | PYOtherExpensesAmt |
| CY Other Expenses | $115,154 | CYOtherExpensesAmt |
| PY Total Expenses | $741,673 | PYTotalExpensesAmt |
| CY Total Expenses | $961,695 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,330,129 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,741,751 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $16,865,844 | TotalAssetsBOYAmt |
| Total Assets EOY | $19,709,344 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $16,865,844 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $19,709,344 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | Keene Endowment Association (KEA) helps donors to provide scholarships for Keene State College (KSC) students and resources to enhance their education. The KEA Board also helps to give donors the assurance that their philanthropy will make a difference for KSC students in perpetuity. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $846,541 | ExpenseAmt |
| Grant | $846,541 | GrantAmt |
| Desc | The KEA provides scholarships, program and faculty support, and books to Keene State College and supports the KSC Advancement Department in the areas of fundraising activities and administrative support. | Desc |
| Total Program Service Expenses | $846,541 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 14 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Hilary Shepard | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6033582372 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 229 Main Street | AddressLine1Txt |
| City | Keene | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03435 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd |
|---|---|---|---|---|---|---|---|
| Sharon Confessore | |||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Tammy Warner | |||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MaryBeth Lufkin | |||||||
| Trustee | 1.00 | Yes (X) | $0 | $227,198 | $31,305 | 40.00 | |
| Melinda Treadwell | |||||||
| KSC President | 1.00 | Yes (X) | $0 | $394,925 | $41,809 | 40.00 | |
| Ockle E Johnson | |||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | 40.00 | |
| Philip Racicot | |||||||
| Trustee | 1.00 | Yes (X) | $0 | $101,741 | $15,194 | 40.00 | |
| Veronica Rosa | |||||||
| KSC VP Advancement | 1.00 | Yes (X) | $0 | $173,259 | $30,828 | 40.00 | |
| Indrika Arnold | |||||||
| President | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| Dan Kurowski | |||||||
| Vice President | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| Bill Poulin | |||||||
| Treasurer | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| Will Adams | |||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Barbara Elliot-DiSenso | |||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Wink Faulkner | |||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Ray Jobin | |||||||
| 2nd Vice President | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| Jason Knights | |||||||
| Past Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Bobby Rodrigue | |||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| David Westover | |||||||
| KSC Alumni Rep to USNH Boa | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Joy Johnson Wilson | |||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Ed Wojenski | |||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Paul Vincent | |||||||
| Trustee | 1.00 | Yes (X) | $0 | $750 | $0 | ||
| Nathalie Houder | |||||||
| KSC VP Finance & Admin | 1.00 | Yes (X) | $0 | $193,505 | $16,516 | 40.00 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $1,091,378 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $135,652 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Cambridge Trust | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 75 State Street 18th Floor | AddressLine1Txt |
| City | Boston | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02109 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | Investment Management Fees | ServicesDesc |
| Compensation | $115,154 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $2,004,351 | AllOtherContributionsAmt |
| Total Contributions | $2,004,351 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $417,918 | TotalRevenueColumnAmt |
| Exclusion | $417,918 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,457,083 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,175,906 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $281,177 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $281,177 | TotalRevenueColumnAmt |
| Exclusion | $281,177 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,703,446 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $699,095 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $846,541 | TotalAmt |
| Program Services | $846,541 | ProgramServicesAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $115,154 | TotalAmt |
| Management And General | $115,154 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $961,695 | TotalAmt |
| Program Services | $846,541 | ProgramServicesAmt |
| Management And General | $115,154 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,311,213 | BOYAmt |
| EOY | $2,580,333 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,554,631 | BOYAmt |
| EOY | $17,129,011 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,865,844 | BOYAmt |
| EOY | $19,709,344 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,042 | BOYAmt |
| EOY | $30,849 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,837,802 | BOYAmt |
| EOY | $19,678,495 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,865,844 | BOYAmt |
| EOY | $19,709,344 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,865,844 | BOYAmt |
| EOY | $19,709,344 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,741,751 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,101,749 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Organization | Yes (X) | CollegeOrganizationInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $327,564 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $115,691 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $73,110 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $933,627 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $978,545 | CurrentTaxYearAmt |
| Total | $2,428,537 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $327,564 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $115,691 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $73,110 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $933,627 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $978,545 | CurrentTaxYearAmt |
| Total | $2,428,537 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,023,840 | SubstantialContributorsTotAmt |
| Public Support Total170 | $1,404,697 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $217,897 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $225,602 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $265,789 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $401,288 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $417,501 | CurrentTaxYearAmt |
| Total | $1,528,077 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $3,956,614 | TotalSupportAmt |
| Public Support CY170 | 0.35500 | PublicSupportCY170Pct |
| Public Support PY170 | 0.32710 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part II, Line 1: | FormAndLineReferenceDesc |
| Explanation | The following unusual grants were excluded from line 1: 2019: Donor 1 - 2,500,000 Donor 2 - 1,414,540 2020: Donor 2 - 842,995 2021: Donor 1 - 1,000,000 Donor 2 - 346,606 2022: Donor 1 - 1,000,000 Donor 2 - 25,806 | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $14,351,181 | BeginningYearBalanceAmt |
| Contributions | $2,004,351 | ContributionsAmt |
| Investment Earnings Or Losses | $699,095 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $845,541 | GrantsOrScholarshipsAmt |
| Other Expenditures | $115,154 | OtherExpendituresAmt |
| End Year Balance | $16,093,932 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $12,021,053 | BeginningYearBalanceAmt |
| Contributions | $2,280,233 | ContributionsAmt |
| Investment Earnings Or Losses | $791,568 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $619,417 | GrantsOrScholarshipsAmt |
| Other Expenditures | $122,256 | OtherExpendituresAmt |
| End Year Balance | $14,351,181 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $11,095,971 | BeginningYearBalanceAmt |
| Contributions | $916,105 | ContributionsAmt |
| Investment Earnings Or Losses | $547,979 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $435,534 | GrantsOrScholarshipsAmt |
| Other Expenditures | $103,468 | OtherExpendituresAmt |
| End Year Balance | $12,021,053 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,398,977 | BeginningYearBalanceAmt |
| Contributions | $4,030,231 | ContributionsAmt |
| Investment Earnings Or Losses | $154,721 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $418,675 | GrantsOrScholarshipsAmt |
| Other Expenditures | $69,283 | OtherExpendituresAmt |
| End Year Balance | $11,095,971 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,075,600 | BeginningYearBalanceAmt |
| Contributions | $327,564 | ContributionsAmt |
| Investment Earnings Or Losses | $457,053 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $400,829 | GrantsOrScholarshipsAmt |
| Other Expenditures | $60,411 | OtherExpendituresAmt |
| End Year Balance | $7,398,977 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00120 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.99880 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part V, line 4 | FormAndLineReferenceDesc |
| Explanation | The KEA provides scholarships, program and faculty support, and books to Keene State College (KSC) and supports the Advancement Department in the areas of fundraising activities and administrative support to enhance students' education at KSC. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Keene State College a Division of the University System of New Hampshire | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5 Chenell Drive Suite 301 | AddressLine1Txt |
| City | Concord | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03301 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 026000937 | RecipientEIN |
| IRC Section | 501(c)(3) | IRCSectionDesc |
| Cash Grant | $846,541 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | To support Keene State College | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | Keene State College Advancement Office annually reports to the KEA Board of Trustees on the funds distributed to Keene State College students and programs. The Advancement Office monitors distribution of funds in compliance with donor wishes. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Melinda Treadwell | ||||||||||||||
| KSC President | $0 | $301,223 | $0 | $84,700 | $0 | $9,002 | $0 | $30,500 | $0 | $11,309 | $0 | $436,734 | $0 | $0 |
| MaryBeth Lufkin | ||||||||||||||
| Trustee | $0 | $192,969 | $0 | $32,700 | $0 | $1,529 | $0 | $23,361 | $0 | $7,944 | $0 | $258,503 | $0 | $0 |
| Nathalie Houder | ||||||||||||||
| KSC VP Finance & Admin | $0 | $191,834 | $0 | $1,000 | $0 | $671 | $0 | $13,350 | $0 | $3,166 | $0 | $210,021 | $0 | $0 |
| Veronica Rosa | ||||||||||||||
| KSC VP Advancement | $0 | $141,112 | $0 | $22,800 | $0 | $9,347 | $0 | $17,704 | $0 | $13,124 | $0 | $204,087 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 4 | The KEA updated its Investment Policy guidelines & bylaws in June 2023 included the following changes: * Effective as of July 1, 2023, no new accounts will be created in the Income Only Fund. New gifts may only be made into existing Income Only endowments. * Section VI. Stewardship Support Agreement was created to provide financial support to KSC in the areas of administrative support, fundraising, gift processing and stewardship. The KEA bylaws with the 1995 agreement with USNH were adopted on September 8, 2022, including the following changes: * Defines KEA as an foundation affiliated with UNSH and subject to USNH Board of Trustees' policy BOT III.C, Foundations Established for the Benefit of USNH or its Component Institutions. * States KEA is governed by a board of trustees, of which shall include the four (4) ex-officio trustees. * Removes language regarding the ability of the Chairman of the USNH Board of Trustees to appoint a 3rd member of the USNH Board of Trustees to the KEA Board of Trustees. * Removes language regarding USNH having ultimate control over the activities of KEA. * Removes language referencing the length of the terms of the KEA elected trustees. This language was in conflict with the current and proposed by-laws. * USNH grants KEA authority to use the name, seal, words, phrases, and symbols associated with KEA. * USNH retains the right to terminate this agreement and KEA's affiliation with KSC. Upon termination, KEA will distribute all assets of KEA to KSC. |
| Form 990, Part VI, Section A, line 7a | KEA is an organization affiliated with Keene State College ("KSC") with all the rights, privileges, responsibilities, and obligations of a foundation affiliated with USNH. The KEA Board of Trustees shall include the following ex-officio trustees: President of KSC, KSC Alumni Trustee to the USNH Board of Trustees, KSC Vice President of Finance and Administration, and KSC Vice President of Advancement. |
| Form 990, Part VI, Section A, line 7b | KEA is an affiliated organization of the University System of New Hampshire (USNH). An Ex-Officio voting Board Member of KEA is also a Trustee on USNH Board. As such, the KEA is subject to the provisions, terms, and conditions of the USNH Board of Trustees' policy. The USNH Board, through its Audit Committee, assumes responsibility for oversight of the audit of USNH consolidated financial statements which includes KEA as an affiliated organization. KEA shall submit to the USNH Board of Trustees for review and approval the articles of incorporation, bylaws, or any other documents which provide for the establishment and structure of KEA and any amendments to any of those documents. No adoption or approval of any such document by KEA shall be effective unless and until approved by the USNH Board of Trustees. The USNH Board of Trustees retains the authority to terminate the Amended Agreement and the KEA's affiliation with KSC by vote of two-thirds of the members of the USNH Board of Trustees. |
| Form 990, Part VI, Section B, line 11b | The Form 990 is sent to the Trustees for review and signature by the Board President before filing. |
| Form 990, Part VI, Section B, line 12c | Board Members are required to complete an annual statement of conflict of interest. The Executive Committee of KEA regularly monitors and enforces compliance by reviewing the statements and taking appropriate disciplinary and corrective actions, as necessary. |
| Form 990, Part VI, Section C, line 19 | Providing copies upon request. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| University System of New Hampshire | |||||||||||
| 5 Chenell Drive Suite 301 | Concord | NH | 03301 | 026000937 | Education | NH | 501(c)(3) | Line 2 | N/A | 0 | |
| University of New Hampshire Foundation Inc | |||||||||||
| Elliott Alumni Center 9 Edgewood Rd | Durham | NH | 03824 | 020437506 | Education | NH | 501(c)(3) | Line 5 | 0 | University System of New Hampshire | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
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