2019-03-21T12:36:02-05:00 2018-06-30 390758449 WIPFLI LLP 43 CONSTITUTION DRIVE SUITE 100 BEDFORD NH 03110 990 2017-07-01 020222154 NEW HAMPSHIRE INSTITUTE OF ART NEWH 6036220313 148 CONCORD STREET MANCHESTER NH 03104 JAMES MURTHA VICE PRESIDENT 6036220313 2019-03-21 1 LANCE R TURGEON P00627708 6036273838 50.241.82.165 2019-03-21 13:35:25 ED P D0B682AE1ECADCFD3236EDC1E7AA7CFD97E28870 819EDECEC9BDEFDC4BFB0BF3605EEE8F36EF24E5 2017 2019-02-21 02:37:17Z JAMES MURTHA 148 CONCORD STREET MANCHESTER NH 03104 18242790 0 X WWW.NHIA.EDU X 1898 NH TO EDUCATE, ENGAGE AND EMPOWER THROUGH THE ARTS. 21 18 329 25 0 0 676663 2006104 11858884 10749949 383138 -72623 167684 95158 13086369 12778588 3143052 3134528 0 0 5979885 5836428 0 0 252552 7357474 6910940 16480411 15881896 -3394042 -3103308 41184568 38972020 17997096 17687093 23187472 21284927 X TO EDUCATE, ENGAGE, AND EMPOWER THROUGH THE ARTS. 0 0 12773168 3134528 10841220 SINCE 1898 THE NEW HAMPSHIRE INSTITUTE OF ART (NHIA) HAS REMAINED COMMITTED TO ITS MISSION OF EDUCATING, ENGAGING, AND EMPOWERING THROUGH THE ARTS. NHIA IS THE OLDEST AND LARGEST NON-PROFIT ARTS INSTITUTION IN NEW HAMPSHIRE. TODAY OUR VISION IS TO BE SEEN AS A LEADER IN ARTS EDUCATION, RECOGNIZED FOR OUR ABILITY TO USE THE ARTS TO FOSTER POSITIVE CHANGE IN THE WORLD AND ENABLE INDIVIDUALS TO REACH THEIR FULL CREATIVE POTENTIAL.NHIA'S ACADEMIC PROGRAMS AND RESIDENCE HALLS ARE HOUSED IN 11 BUILDINGS SPREAD THROUGHOUT DOWNTOWN MANCHESTER, SHARON AND PETERBOROUGH, NH. (CONTINUED ON SCHEDULE O.) THE NEW HAMPSHIRE INSTITUTE OF ART (NHIA) OFFERS BACHELOR OF FINE ARTS (BFA) DEGREE PROGRAMS IN CERAMICS, COMIC ARTS, CREATIVE WRITING, DESIGN, FINE ARTS, ILLUSTRATION, PRINTMAKING, AND PHOTOGRAPHY AS WELL AS LOW-RESIDENCY MASTER OF FINE ARTS (MFA) DEGREE PROGRAMS IN CREATIVE WRITING, PHOTOGRAPHY, AND VISUAL ARTS, AND A MASTER OF ARTS IN TEACHING (MAT) DEGREE. NHIA'S COMMUNITY EDUCATION DIVISION OFFERS NON-CREDIT FINE ARTS CLASSES, WORKSHOPS, AND VISITING ARTISTS INTENSIVES TAUGHT BY A FACULTY OF ACCOMPLISHED AND PASSIONATE ARTISTS/EDUCATORS. OTHER OFFERINGS AT EITHER OUR MANCHESTER OR SHARON, NH CAMPUSES INCLUDE A PRE-COLLEGE SUMMER PROGRAM AND A CERTIFICATE IN CREATIVE PLACEMAKING. 12773168 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 196 0 1 329 1 0 0 0 0 0 0 0 0 X 21 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NH X X PAULA AMATO 6038362512 148 CONCORD STREET MANCHESTER NH 03104 JOE REILLY VICE CHAIRMAN 0.50 X X 0 0 0 ELLIE COCHRAN TRUSTEE 0.50 X 0 0 0 SKIP ASHOOH TRUSTEE 0.50 X 0 0 0 BARBARA BICKFORD TRUSTEE 0.50 X 0 0 0 BENJAMIN GAYMAN TRUSTEE 0.50 X 0 0 0 HOWARD BRODSKY TRUSTEE 0.50 X 0 0 0 TOM DOUGHERTY TRUSTEE 0.50 X 0 0 0 KEVIN CLOUGHERTY TREASURER 0.50 X X 0 0 0 GEORGE FOOTE JR SECRETARY 0.50 X X 0 0 0 DAVID MURRAY TRUSTEE 0.50 X 0 0 0 BILL STEVENS TRUSTEE 0.50 X 0 0 0 MAURICE BELIVEAU LIFETIME TRUSTEE 0.50 X 0 0 0 ELLEN DAVIS TRUSTEE 0.50 X 0 0 0 TERRY HEINZMANN TRUSTEE 0.50 X 0 0 0 NICK BENTLEY TRUSTEE 0.50 X 0 0 0 SUZANNE CANALI TRUSTEE 37.50 X 70166 0 2497 TOM STEVENS CHAIRMAN 0.50 X X 0 0 0 KAREN MAYEU TRUSTEE 37.50 X 56638 0 16959 KAREN HILLSON TRUSTEE 37.50 X 53758 0 1559 DR VIJAY DAV'E TRUSTEE 0.50 X 0 0 0 ELLA PUTNEY CARLSON TRUSTEE 0.50 X 0 0 0 KENT DEVEREAUX PRESIDENT 37.50 X 219135 0 15829 LEANNA FLEMING VP-FINANCE & ADMIN. 37.50 X 135195 0 13838 JONATHAN LINDSAY VP-ENROLLMENT MANAGEMENT 37.50 X 156745 0 17650 WILLIAM SCHAAF JR DEAN OF UNDERGRADS 37.50 X 110335 0 15614 801972 0 83946 4 0 1 0 CHARTWELLSCOMPASS GROUP 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICES 613633 BRADY SULLIVAN 670 N COMMERCIAL STREET 303 MANCHESTER NH 03101 RENTAL & FACILITY BUILD-OUT SERVICES 251006 GRANITE YMCA 117 MARKET STREET MANCHESTER NH 03101 RENTAL 187244 NIXON PEABODY LLC PO BOX 28012 NEW YORK NY 10087 LEGAL FEES 106344 4 2006104 1521921 2006104 TUITION AND FEES 611710 8833288 8833288 AUXILIARY ENTERPRISES 900099 1822173 1822173 OTHER INCOME 900099 94488 94488 10749949 289640 289640 4954796 4906754 410305 48042 -410305 -362263 -362263 10875 6988 3887 3887 231426 140155 91271 91271 12778588 10841220 0 -68736 3134528 3134528 764293 216015 548278 4137171 3809645 188047 139479 48376 39732 8585 59 533283 473100 59449 734 353305 290175 62699 431 135190 135190 46783 46783 77871 77871 423859 276799 133175 13885 88467 68018 2690 17759 534183 196653 306241 31289 1493637 1407897 67194 18546 101362 90043 11221 98 26090 24943 1147 510154 445024 60490 4640 1392077 1330835 39305 21937 436 436 LOSS ON TERMINATION OF 885750 885750 EQUIPMENT RENTAL 223114 78521 144324 269 WAIVERS 174723 174723 HOSPITALITY 98943 86371 9810 2762 698301 630146 67491 664 15881896 12773168 2856176 252552 11125 14490 1019266 910820 49251 163836 303648 291214 47095 36764 142820 126320 33731428 14783003 19092530 18948425 4453151 3887142 12831598 11403586 3234084 3189423 41184568 38972020 889820 803561 343502 229508 12900400 12630000 27573 1000000 2565569 2049406 1270232 974618 17997096 17687093 X -2362900 -5906606 128670 1652055 25421702 25539478 23187472 21284927 41184568 38972020 X -3103308 919091 281672 X X 0 1 X 1 1 1 X 2109479 X X X X 0 0 17958924 146040 1175756 3355966 15924754 19265257 249622 1676936 3232891 17958924 23581034 -705777 3610000 19265257 25231405 40584 1690955 23581034 23781763 684795 3046956 2282109 25231405 0.00000 1.00000 0.00000 0 0 271300 271300 23617912 8026161 15591751 1834033 1225486 608547 4426338 3574104 852234 3581845 1957252 1624593 18948425 AEW REAL ESTATE INVESTMENT 823291 F NYES LEDGE CAPITAL OFFSHORE FUND 2213009 F FORESTER DIVERSIFIED 1600635 F VANGUARD TTL WORLD STOCK 6766651 F 11403586 COLLECTIONS 2109479 CONSTRUCTION IN PROGRESS 631233 ASSETS HELD IN CHARITABLE REMAINDER TRUST 113099 DEBT ISSUANCE COSTS 312868 PREPAID EXPENSE 22744 3189423 CAPITAL LEASE PAYABLE 182242 DEPOSITS 161753 MARKET VALUE OF INTEREST RATE SWAP 630623 974618 X 11402302 919091 233990 1153081 10249221 77531 2451836 2529367 12778588 13304847 508448 508448 12796399 77531 3007966 3085497 15881896 PART III, LINE 1A: CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES, AND OTHER SIMILAR ASSETS CONSIDERED TO BE COLLECTION ITEMS ARE CAPITALIZED AND RECOGNIZED AS REVENUES OR GAINS IN THE PERIOD RECEIVED. THE INSTITUTE'S COLLECTIONS CONSIST OF RARE WORKS OF ART AND OUT OF PRINT BOOKS, REFERENCE MATERIALS, AND PHOTOGRAPHS; THUS, NO PROVISION FOR DEPRECIATION IS MADE THEREON. THE COLLECTIONS ARE MAINTAINED FOR EDUCATIONAL PURPOSES AND ARE TO BE MAINTAINED IN PERPETUITY. AS SUCH, THEY ARE RECORDED IN PERMANENTLY RESTRICTED NET ASSETS. SUBSEQUENT ADDITIONS ACQUIRED BY PURCHASE WILL BE STATED AT COST; ADDITIONS ACQUIRED BY GIFT WILL BE STATED AT THE ESTIMATED FAIR VALUE AT THE DATE OF DONATION. THE TOTAL CARRYING VALUE OF THE COLLECTIONS WAS $2,109,479. PART V, LINE 4: THE INSTITUTE'S ENDOWMENTS CONSIST OF FUNDS ESTABLISHED FOR THE BENEFIT OF THE INSTITUTE, WITH VARIOUS SPECIFIC PURPOSES. IN ADDITION, THE INSTITUTE HAS BOARD DESIGNATED ENDOWMENT FUNDS WHICH ARE NOT SUBJECT TO UPMIFA. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE INSTITUTE IS A NOT-FOR-PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE. THE INTERNAL REVENUE SERVICE HAS DETERMINED THE INSTITUTE TO BE OTHER THAN A PRIVATE FOUNDATION. THE INSTITUTE RECOGNIZES THE TAX BENEFIT OF ANY UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERIT OF THE POSITION. MANAGEMENT HAS DETERMINED THAT THROUGH JUNE 30, 2018, THE INSTITUTE DID NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -28,182. SPLIT INTEREST -2,703. GAIN ON INTEREST RATE SWAP 284,375. JR/SR HOUSING DISCOUNT -19,500. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 2,960,284. FUNDRAISING EXPENSE -6,988. COSTS OF SALES OF INVENTORY -140,155. LOSS ON SALE OF FIXED ASSETS -410,305. TUITION CERTIFICATION 49,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 6,988. COST OF GOODS SOLD 140,155. LOSS ON SALE OF FIXED ASSETS 410,305. TUITION CERTIFICATION -49,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 2,960,284. SCHOLARSHIPS 28,182. JR/SR HOUSING DISCOUNT 19,500. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 PUBLISHED COMMUNICATIONS TO THE GENERAL PUBLIC WHICH CONTAIN THE INSTITUTE'S POLICIES OF NON-DISCRIMINATION. SCHEDULE E, PART I, LINE 6 VARIOUS FEDERAL AND STATE AGENCIES PROVIDE STUDENT FINANCIAL AID TO THE INSTITUTE. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT 823291 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT 2213009 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT 1600635 0 0 0 0 0 0 4636935 0 4636935 0 0 1 0 0 0 PART IV #3 THE INSTITUTE DOES NOT MEET THE FILING REQUIREMENTS FOR FORM 5471. 1 PAUL & ANNE HARVEY SCHOLARSHIP 10 9500 JOHN HUBENTHAL SCHOLARSHIP 1 1000 OTHER INSTITUTIONAL AWARDS 32 146063 FOUNDERS - FRESHMEN SCHOLARSHIP 7 15125 FULLER SCHOLARSHIP 2 1062 PRESIDENTIAL SCHOLARSHIP 20 147125 MERIT SCHOLARSHIPS 263 1507057 SCHOLARSHIP ART AWARD 4 4875 HOUSING SCHOLARSHIPS 9 29504 TRANSFER SCHOLARSHIP 12 41556 PSNH SCHOLARSHIP 1 450 BLACKFORD SCHOLARSHIP 1 2600 NEED SCHOLARSHIPS - BFA 241 1088834 NEED SCHOLARSHIPS - MFA 43 124125 NEED SCHOLARSHIPS - MAAE 3 3910 ANNUAL FUND 1 900 GAKIDIS 1 400 FOUNDERS SCHOLARSHIP-MFA 1 2000 SIDORE GRUBER SCHOLARSHIP 1 850 SCANNELL 1 800 MATCHING FUNDS 72 6792 PART I, LINE 2: ALL ASSISTANCE IS IN THE FORM OF GRANTS AND SCHOLARSHIPS. THESE FUNDS ARE APPLIED DIRECTLY TO THE STUDENT'S ACCOUNT. X X X 0 0 0 0 0 0 0 0 0 KENT DEVEREAUX PRESIDENT 219135 0 0 0 0 0 4846 0 10983 0 234964 0 0 0 JONATHAN LINDSAY VP-ENROLLMENT MANAGEMENT 156745 0 0 0 0 0 0 0 17650 0 174395 0 0 0 A NEW HAMPSHIRE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 020279866 644614XOB 2009-04-27 9000000 FINANCE THE ACQUISITION AND CONSTRUCTION OF ACADEMIC BUILDINGS AND BUY EQUIP 0 0 0 B NEW HAMPSHIRE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 020287966 644614XOB 2005-09-29 7000000 REFINANCE SERIES 2000 BOND AND FINANCE PURCHASE AND RENOVATION OF BUILDINGS 0 0 0 A 1555000 9000000 35000 180000 47656 8737344 2009 0 0 1 1 B 1815000 7000000 42513 140000 4483688 2333799 2005 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 1 0 1 0 0 0 0 B 0 0 1 0 1 1 MORGAN STANLEY 30.000000000000 0 0 0 0 0 A 0 B 0 ARTHUR SULLIVAN FORMER TRUSTEE AND OFFICER LEASE TERMINATION SETTLEMENT X 1000000 1000000 0 1 1 1000000 ARTHUR SULLIVAN FORMER TRUSTEE AND OFFICER 251006 ARTHUR SULLIVAN IS A PRINCIPAL AT BRADY SULLIVAN PROPERTIES. THE INSTITUTE LEASED RESIDENTIAL DORM SPACE THROUGH 1/8/18 AND CURRENTLY LEASES CAFETERIA SPACE FROM BRADY SULLIVAN. 0 X 2 1343110 APPRAISAL X 2 36311 FAIR MARKET VALUE X PLEDGES 5 142500 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES CITIZENS BANK TO PROCESS SALES OF DONATED STOCK. FORM 990, PART VI, SECTION B, LINE 11B THE INSTITUTE'S BOARD RECEIVES A COMPLETE COPY OF THE 990, INCLUDING ALL SCHEDULES, PRIOR TO FILING THE 990. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES FOLLOWS THE REQUIREMENTS OF STATE LAW (NH RSA 7:19-A) WITH RESPECT TO DISCLOSURE, EVALUATION, APPROVAL AND REPORTING OF BUSINESS TRANSACTIONS BETWEEN OFFICERS AND DIRECTORS OF THE INSTITUTE. THE BOARD CONDUCTS AN ANNUAL SURVEY OF ITS MEMBERS AND OFFICERS REQUIRING WRITTEN DISCLOSURE OF RELATED PARTY TRANSACTIONS. TRANSACTIONS IN EXCESS OF $500 INVOLVING BOARD MEMBERS AND OFFICERS ARE REPORTED TO THE BOARD, EVALUATED FOR FAIRNESS AND THE BEST INTERESTS OF THE INSTITUTE AND THEN CONSIDERED FOR APPROVAL BY DISINTERESTED MEMBERS OF THE BOARD. A 2/3 MAJORITY VOTE IS REQUIRED FOR APPROVAL. NOTICES OF ANY TRANSACTIONS THAT ARE APPROVED IN EXCESS OF $5,000 ARE PUBLISHED IN A NEWSPAPER OF GENERAL CIRCULATION. A WRITTEN REPORT OF TRANSACTIONS IS SENT TO THE NEW HAMPSHIRE ATTORNEY GENERAL AND RECORDS ARE MAINTAINED AT THE OFFICE OF THE INSTITUTE, AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -2,703. CHANGE IN VALUE OF INTEREST RATE SWAP 284,375.