2018-05-09T08:36:41-05:00 2017-06-30 203985821 HOWE RILEY & HOWE PLLC 43 CONSTITUTION DRIVE SUITE 100 BEDFORD NH 03110 990 2016-07-01 020222154 NEW HAMPSHIRE INSTITUTE OF ART NEWH 6036220313 148 CONCORD STREET MANCHESTER NH 03104 LEANNA FLEMING VP-FINANCE 6036220313 2018-05-01 1 LANCE R TURGEON P00627708 6036273838 50.241.82.165 2018-05-01 15:36:53 ED P 56F848FCC9040305787EFF4B5BF6BDDD59326F36 5B31C05305E89F73CD7C2E58EE8DC93482C64B42 2016 2021-01-29 14:40:06Z LEANNA FLEMING 148 CONCORD STREET MANCHESTER NH 03104 25787995 0 X WWW.NHIA.EDU X 1898 NH TO EDUCATE, ENGAGE AND EMPOWER THROUGH THE ARTS. 24 20 337 23 0 0 498413 676663 12283341 11858884 575240 383138 96196 167684 13453190 13086369 3447902 3143052 0 0 6103195 5979885 0 0 400114 7480582 7357474 17031679 16480411 -3578489 -3394042 43635676 41184568 18901429 17997096 24734247 23187472 X TO EDUCATE, ENGAGE, AND EMPOWER THROUGH THE ARTS. 0 0 13918876 3143052 11946575 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, CREATIVE WRITING, DESIGN, FINE ARTS, ILLUSTRATION AND PHOTOGRAPHY AS WELL AS LOW-RESIDENCY MASTER OF FINE ARTS (MFA) DEGREE PROGRAMS IN CREATIVE WRITING, PHOTOGRAPHY, VISUAL ARTS, AND WRITING FOR STAGE AND SCREEN, A LOW-RESIDENCY MASTER OF ARTS IN ART EDUCATION (MAAE) 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 CERTIFICATE PROGRAMS. 13918876 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 1 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 1 266 0 1 337 1 0 0 0 0 0 1 1 0 0 X 24 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NH X X LEANNA FLEMING 6038362512 148 CONCORD STREET MANCHESTER NH 03104 JOE REILLY 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 JOHN MERCIER TREASURER 0.50 X X 0 0 0 GEORGE FOOTE JR SECRETARY 0.50 X X 0 0 0 PHYLLIS STIBLER TRUSTEE 0.50 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 X 0 0 0 THERESA DOLOFF 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 66706 0 4092 STAN FRY TRUSTEE 0.50 X 0 0 0 ELIZABETH HITCHCOCK TRUSTEE 0.50 X 0 0 0 MAUREEN MILLS TRUSTEE 37.50 X 56399 0 16123 TOM STEVENS VICE CHAIRMAN 0.50 X X 0 0 0 KAREN MAYEU TRUSTEE 37.50 X 53169 0 23605 ELLA PUTNEY CARLSON TRUSTEE 0.50 X 0 0 0 KENT DEVEREAUX PRESIDENT 37.50 X 219313 0 22865 LEANNA FLEMING VP-FINANCE & ADMIN. 37.50 X 135493 0 20729 531080 0 87414 2 0 1 0 BRADY SULLIVAN 670 N COMMERCIAL STREET 303 MANCHESTER NH 03101 RENTAL & FACILITY BUILD-OUT SERVICES 1042907 CHARTWELLSCOMPASS GROUP 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICES 690624 MILESTONE ENGINEERING 1 HORESHOE POND LAKE CONCORD NH 03301 CONSTRUCTION - YOUTH ARTS/CHURCH 438738 GRANITE YMCA 117 MARKET STREET MANCHESTER NH 03101 RENTAL 176714 WHITEWATER CLEANING 315 ROSEMARE PLACE ROCK HILL SC 29732 CLEANING 116873 5 676663 401682 676663 TUITION AND FEES 611710 9714329 9714329 AUXILIARY ENTERPRISES 900099 2033044 2033044 OTHER INCOME 900099 111511 111511 11858884 270340 270340 12110453 490000 12004665 482990 105788 7010 112798 112798 161611 81618 79993 79993 220044 132353 87691 87691 13086369 11946575 0 463131 3143052 3143052 670120 244564 425556 4398055 3811776 453076 133203 79874 64451 15296 127 486319 419131 66277 911 345517 278801 66167 549 121376 121376 48075 48075 87464 87464 462508 235277 106760 120471 220066 177853 296 41917 650627 217044 376313 57270 2435645 2356628 60116 18901 138553 125343 12929 281 31959 26803 5156 469507 431005 33710 4792 1430792 1380725 32133 17934 12335 12335 EQUIPMENT RENTAL 232935 97688 135247 WAIVERS 141999 141999 HOSPITALITY 88067 79249 5534 3284 MINOR EQUIPMENT 56470 41087 14909 474 729096 646400 82696 16480411 13918876 2161421 400114 13214 11125 348604 1019266 303825 49251 109633 303648 60099 47095 149880 142820 33043463 13950933 20391174 19092530 6081054 4453151 13317980 12831598 2860213 3234084 43635676 41184568 756845 889820 165477 343502 13590000 12900400 53769 27573 2680067 2565569 1655271 1270232 18901429 17997096 X -1048431 -2362900 642343 128670 25140335 25421702 24734247 23187472 43635676 41184568 X -3394042 1396943 450324 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2109479 X X X X 0 0 19265257 249622 1676936 3232891 17958924 23581034 -705777 3610000 19265257 25231405 40584 1690955 23581034 23781763 684795 3046956 2282109 25231405 23373438 18907 1538094 1148676 23781763 0.00000 1.00000 0.00000 0 0 271300 271300 23551291 7340279 16211012 2604645 1409417 1195228 4239915 3252035 987880 2376312 1949202 427110 19092530 AEW REAL ESTATE INVESTMENT 772653 F NYES LEDGE CAPITAL OFFSHORE FUND 1986096 F FORESTER DIVERSIFIED 2021650 F VANGUARD TTL WORLD STOCK 8051199 F 12831598 COLLECTIONS 2109479 CONSTRUCTION IN PROGRESS 631233 ASSETS HELD IN CHARITABLE REMAINDER TRUST 115802 DEBT ISSUANCE COSTS 362688 PREPAID EXPENSE 14882 3234084 CAPITAL LEASE PAYABLE 209849 DEPOSITS 145385 MARKET VALUE OF INTEREST RATE SWAP 914998 1270232 X 11892985 1396943 390506 1787449 10105536 87058 2893775 2980833 13086369 13439760 206960 206960 13232800 87058 3160553 3247611 16480411 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 NONPROFIT 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 HAS ADOPTED THE ACCOUNTING GUIDANCE UNDER THE INCOME TAXES TOPIC OF THE FASB ASC. THE GUIDANCE REQUIRES THE INSTITUTE TO EVALUATE ITS TAX POSITIONS AND RECOGNIZE THE TAX BENEFIT FROM ANY UNCERTAIN TAX POSITIONS 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. IF THE INSTITUTE TAKES A TAX POSITION THAT DOES NOT MEET THE CRITERIA FOR RECOGNITION UNDER THIS STANDARD, THE BENEFIT OF THAT POSITION, INCLUDING POTENTIAL INTEREST AND PENALTIES THEREON, MUST BE REFLECTED AS A LIABILITY IN THE FINANCIAL STATEMENTS UNTIL SUCH TIME AS THE POSITION MEETS THE CRITERIA FOR RECOGNITION. THE RECOGNITION CRITERIA MAY BE MET THROUGH SUBSEQUENT EXAMINATION AND SETTLEMENT BY THE AUTHORITIES, PUBLICATION OF CASE LAW OR REGULATIONS SUPPORTING THE POSITION, OR EXPIRATION OF THE STATUTE OF LIMITATIONS. AS OF JUNE 30, 2016 AND 2015, THE INSTITUTE HAS NOT TAKEN ANY SIGNIFICANT TAX POSITIONS WHICH DO NOT MEET THE CRITERIA FOR RECOGNITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -42,317. SPLIT INTEREST -5,422. GAIN ON INTEREST RATE SWAP 455,746. JR/SR HOUSING DISCOUNT -17,501. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 3,100,735. FUNDRAISING EXPENSE -81,618. COSTS OF SALES OF INVENTORY -132,352. GAIN ON SALE OF FIXED ASSETS 7,010. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 81,618. COST OF GOODS SOLD 132,352. GAIN ON SALE OF FIXED ASSETS -7,010. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 3,100,735. SCHOLARSHIPS 42,317. JR/SR HOUSING DISCOUNT 17,501. 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 772653 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT 1986096 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT 2021650 0 0 0 0 0 0 4780399 0 4780399 0 0 1 0 0 0 PART IV #3 THE INSTITUTE DOES NOT MEET THE FILING REQUIREMENTS FOR FORM 5471. EXHIBITION & SALE OF STUDENT ART 13061 13061 15609 FRENCH 100 YEAR GALA CELEBRATION 148550 148550 4269 17835 43905 161611 161611 4269 17835 59514 81618 79993 1 PAUL & ANNE HARVEY SCHOLARSHIP 11 10300 JOHN HUBENTHAL SCHOLARSHIP 1 1200 OTHER INSTITUTIONAL AWARDS 10 9824 FOUNDERS - FRESHMAN SCHOLARSHIP 11 27625 FULLER SCHOLARSHIP 3 713 PRESIDENTIAL SCHOLARSHIP 17 87663 MERIT SCHOLARSHIPS 330 1815704 FOUNDERS - RETURNING STUDENT SCHOLARSHIP 6 12750 HOUSING SCHOLARSHIPS 19 46340 TRANSFER SCHOLARSHIP 13 14070 PSNH SCHOLARSHIP 1 250 BLACKFORD SCHOLARSHIP 3 3475 NEED SCHOLARSHIPS - BFA 217 968790 NEED SCHOLARSHIPS - MFA 52 114828 NEED SCHOLARSHIPS - MAAE 6 5186 ANNUAL FUND 13 6500 GAKIDIS 1 450 FOUNDERS SCHOLARSHIP-MFA 5 13000 SIDORE GRUBER SCHOLARSHIP 1 850 SCANNELL 1 800 MATCHING FUNDS 62 2734 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 219313 0 0 0 0 0 7269 0 15596 0 242178 0 0 0 LEANNA FLEMING VP-FINANCE & ADMIN. 135493 0 0 0 0 0 4523 0 16206 0 156222 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 1494600 9000000 35000 180000 47656 8737344 2009 0 0 1 1 B 1605000 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 0 0 1 0 0 0 0 B 0 0 0 0 1 1 MORGAN STANLEY 30.000000000000 0 0 0 0 0 A 0 B 0 GEORGE FOOTE JR SECOND MORTGAGE FOR THE PURCHASE OF A GALLERY (SHARON ARTS CENTER) X 125000 27573 0 1 1 27573 SUBTANTIAL CONTRIBUTOR #11 ON SCHEDULE B 35% OR GREATER OWNED ENTITY OF A SUBSTANTIAL CONTRIBUTOR 1042907 RENT 0 X 2 275092 FAIR MARKET VALUE X PHOTO EQUIPMENT 1 101590 APPRAISAL X PLEDGE 1 25000 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 FINANCE COMMITTEE REVIEWED THE FORM 990 IN DETAIL. THE ENTIRE BOARD RECEIVED 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 -5,422. CHANGE IN VALUE OF INTEREST RATE SWAP 455,746.