2015-02-07T11:28:07-06:00 2014-06-30 203985821 HOWE RILEY & HOWE PLLC 660 CHESTNUT STREET MANCHESTER NH 031043500 990 2013-07-01 020222154 NEW HAMPSHIRE INSTITUTE OF ART NEWH 6036220313 148 CONCORD STREET MANCHESTER NH 03104 LEANNA FLEMING VP-FINANCE 6036220313 2015-02-07 1 LANCE R TURGEON P00627708 6036273838 2013 2016-02-25 16:41:14Z LEANNA FLEMING 148 CONCORD STREET MANCHESTER NH 03104 18426158 0 X WWW.NHIA.EDU X 1898 NH PROVIDING EDUCATION IN THE FIELD OF FINE ART. 19 16 377 19 0 0 1893274 883474 13068688 12863710 542141 796828 86259 -35552 15590362 14508460 2432173 2541426 0 0 5978911 6041540 0 0 320084 6800367 6981777 15211451 15564743 378911 -1056283 51959058 51878692 20152371 18819587 31806687 33059105 X THE MISSION OF THE NEW HAMPSHIRE INSTITUTE OF ART IS TO ENGAGE STUDENTS, ARTISTS, SCHOLARS, AND THE COMMUNITY IN THE ARTS THROUGH QUALITY EDUCATION, OUTREACH, AND ACCESS TO CREATIVE RESOURCES, WITH A FOCUS ON THE PRESENT AND A VISION ON THE FUTURE. THE INSTITUTE WILL DISTINGUISH ITSELF THROUGH A CONTINUED EMPHASIS ON TEACHING THE INTEGRATION OF CREATIVE, AESTHETIC, TECHNICAL, AND CRITICAL SKILLS IN ARTISTIC EXPRESSION. 0 0 13343705 2541426 12784154 THE NEW HAMPSHIRE INSTITUTE OF ART BACHELOR OF FINE ARTS PROGRAM OFFERS STUDENTS A COMPREHENSIVE ARTS EDUCATION DESIGNED TO INSPIRE AND FOSTER A LIFELONG COMMITMENT AND ACTIVE ENGAGEMENT IN THE WORLD OF ART AND CULTURE. THE INSTITUTE'S TEACHING PHILOSOPHY EMBRACES BUILDING AND ENHANCING FORMAL SKILL AND TECHNIQUE WHILE REMAINING DEDICATED TO PRODUCTIVE EXPERIMENTATION, INTELLECTUAL ENGAGEMENT AND INDIVIDUAL EXPRESSIVE VOICE. THERE ARE 427 STUDENTS IN THE PROGRAM. THE NEW HAMPSHIRE INSTITUTE OF ART PROVIDES GRADUATE STUDIES TOWARD A MASTERS OF ART IN ART EDUCATION OR MASTERS OF FINE ARTS DEGREE. THESE PROGRAMS ARE PRESENTED IN A LOW RESIDENCY FORMAT AT OUR CAMPUSES IN MANCHESTER AND PETERBOROUGH/SHARON. THERE ARE 61 STUDENTS IN THE GRADUATE PROGRAMS. THE COMMUNITY EDUCATION PROGRAM AT THE NEW HAMPSHIRE INSTITUTE OF ART OFFERS OUTSTANDING NON-CREDIT FINE ART CLASSES, WORKSHOPS AND INTENSIVES FOR ADULTS AND HIGH SCHOOL STUDENTS. OUR SMALL CLASSES PROVIDE INDIVIDUAL ATTENTION FOR STUDENTS WHILE THEY LEARN FROM OUR WORKING PROFESSIONAL FACULTY/ARTISTS. DAY, EVENING AND WEEKEND COURSES ARE AVAILABLE FOR ALL SKILL LEVELS DURING THE FALL, SPRING, AND SUMMER SESSIONS. THESE PROGRAMS ARE OFFERED AT OUR CAMPUSES IN MANCHESTER AND PETERBOROUGH/SHARON. 13343705 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 1 0 0 0 0 0 0 0 0 0 1 141 0 1 377 1 0 0 0 0 0 1 1 0 0 X 19 16 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 0.00 X X 0 0 0 ARTHUR SULLIVAN TREASURER 0.50 0.00 X X 0 0 0 ELLIE COCHRAN SECRETARY 0.50 0.00 X X 0 0 0 SKIP ASHOOH VICE CHAIRMAN 0.50 0.00 X X 0 0 0 BARBARA BICKFORD TRUSTEE 0.50 0.00 X 0 0 0 BENJAMIN GAYMAN TRUSTEE 0.50 0.00 X 0 0 0 HOWARD BRODSKY TRUSTEE 0.50 0.00 X 0 0 0 TOM DOUGHERTY TRUSTEE 0.50 0.00 X 0 0 0 JOHN MERCIER TRUSTEE 0.50 0.00 X 0 0 0 GEORGE FOOTE JR TRUSTEE 0.50 0.00 X 0 0 0 PHYLLIS STIBLER TRUSTEE 0.50 0.00 X 0 0 0 DAVID MURRAY TRUSTEE 0.50 0.00 X 0 0 0 WILLIAM STEVENS TRUSTEE 0.50 0.00 X 0 0 0 MAURICE BELIVEAU TRUSTEE 0.50 0.00 X 0 0 0 ELLEN DAVIS TRUSTEE 0.50 0.00 X 0 0 0 STEVE GEHLBACH TRUSTEE 0.50 0.00 X 0 0 0 GERRY WILLIAMS TRUSTEE 0.50 0.00 X 0 0 0 TERRY HEINZMANN TRUSTEE 0.50 0.00 X 0 0 0 TOM STRICKLAND TRUSTEE 0.50 0.00 X 0 0 0 RICHARD STRAWBRIDGE EXECUTIVE VP, INTERIM PRESIDENT 37.50 0.00 X 147559 0 5426 ROGER WILLIAMS PRESIDENT (FORMER) 37.50 0.00 X 199111 0 25413 JAMES CHATTERTON VP-FINANCE & ADMIN. (FORMER) 37.50 0.00 X 106825 0 2770 LEANNA FLEMING VP-FINANCE & ADMIN. 37.50 0.00 X 0 0 0 453495 0 33609 3 0 1 0 BRADY SULLIVAN 670 N COMMERCIAL STREET 303 MANCHESTER NH 03101 RENTAL & FACILITY BUILD-OUT SERVICES 913867 CHARTWELLSCOMPASS GROUP 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICES 613812 GRANITE YMCA 117 MARKET STREET MANCHESTER NH 03101 RENTAL 167801 WHITEWATER CLEANING PO BOX 6105 PENACOOK NH 03303 CLEANING SERVICES 115989 SECURITAS SECURITY SYSTEMS 1100 ELM STREET SUITE 101 MANCHESTER NH 03101 SECURITY SERVICES 104168 5 883474 16518 883474 TUITION AND FEES 611710 10894985 10894985 AUXILIARY ENTERPRISES 900099 1916977 1916977 OTHER INCOME 900099 51748 51748 12863710 579067 579067 3858859 3641098 217761 217761 217761 56062 12058 44004 44004 184986 264542 -79556 -79556 14508460 12784154 0 840832 2541426 2541426 527907 527907 4519477 3975818 424497 119162 623450 528659 78487 16304 370706 298738 62830 9138 55671 55671 35733 35733 61634 61634 364103 215660 111590 36853 117412 74498 5559 37355 488795 278968 173134 36693 2342533 2267592 59576 15365 165004 157277 7096 631 5653 3620 293 1740 461473 448581 12780 112 1566858 1506359 42870 17629 57414 2918 54496 OTHER 581717 495546 73116 13055 WAIVERS 332406 332406 EQUIPMENT RENTAL 161622 65347 94973 1302 HOSPITALITY 153580 131409 7426 14745 30169 18883 11286 15564743 13343705 1900954 320084 1558 1557 554043 742123 288397 111558 160393 354323 152588 136933 283427 271015 32309539 9716455 23964025 22593084 11894523 9316598 11894671 15601365 2765433 2750136 51959058 51878692 568080 690303 256451 303132 14610000 14280000 125000 100522 3063288 2089398 1529552 1356232 20152371 18819587 X 6392233 5620661 1094901 2390758 24319553 25047686 31806687 33059105 51959058 51878692 X -1056283 2306364 2337 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2051580 X X X X 0 23781763 684795 3046956 2282109 25231405 23373438 18907 1538094 1148676 23781763 24474564 7402 44297 1152825 23373438 22676652 24 2591888 794000 24474564 22079753 62336 2194884 1660411 22676562 0.01000 0.90520 0.08480 0 0 271300 271300 396295 23680987 5192757 18884525 2376906 801697 1575209 3365393 2236271 1129122 2218658 1485730 732928 22593084 AEW REAL ESTATE INVESTMENT 1785209 F WEATHERLOW OFFSHORE FUND 3893586 F NYES LEDGE CAPITAL OFFSHORE FUND 1969196 F FORESTER DIVERSIFIED 1913731 F GMO INTERNATIONAL EQUITY ALLOCATION III 3054601 F FIDELITY SPARTAN TOTAL MARKET INDEX FUND 2985042 F 15601365 COLLECTIONS 2051580 CONSTRUCTION IN PROGRESS 195667 ASSETS HELD IN CHARITABLE REMAINDER TRUST 133442 DEBT ISSUANCE COSTS 369447 2750136 DEPOSITS 136546 CAPITAL LEASE PAYABLE 304709 MARKET VALUE OF INTEREST RATE SWAP 914977 1356232 X 14490186 2306364 -119163 2187201 12302985 61634 2143841 2205475 14508460 13237768 276085 276085 12961683 61634 2541426 2603060 15564743 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 $2,051,580. 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, 2014 AND 2013, THE INSTITUTE HAS NOT TAKEN ANY SIGNIFICANT TAX POSITIONS WHICH DO NOT MEET THE CRITERIA FOR RECOGNITION. THE INSTITUTE REPORTS INTEREST AND PENALTY EXPENSE ON UNCERTAIN TAX POSITIONS AS PART OF OPERATING EXPENSES. AS OF JUNE 30, 2014 AND 2013, THERE WERE NO EXPENSES RELATED TO INTEREST OR PENALTIES ON UNCERTAIN TAX POSITIONS. THE INSTITUTES TAX YEARS END ON JUNE 30TH. THE TAX FILINGS FOR THE TAX YEARS ENDING BEFORE JUNE 30, 2011 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -121,500. SPLIT INTEREST 13,373. GAIN ON INTEREST RATE SWAP -11,036. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 2,419,926. FUNDRAISING EXPENSE -12,058. COST OF SALES OF INVENTORY -264,541. MISCELLANEOUS 514. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 12,058. COST OF GOODS SOLD 264,541. MISCELLANEOUS -514. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 2,419,926. SCHOLARSHIPS 121,500. 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 NH COUNCIL ON ARTS PROVIDES FUNDING; VARIOUS FEDERAL AND STATE AGENCIES GIVE STUDENT FINANCIAL AID TO THE INSTITUTE. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT 1913731 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT 1969196 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT 3893586 0 0 0 0 0 0 7776513 0 7776513 0 0 1 0 0 0 PART IV #3 THE INSTITUTE DOES NOT MEET THE FILING REQUIREMENTS FOR FORM 5471. AUCTION OF STUDENT ART 23520 23520 1322 EXHIBITION & SALE OF STUDENT ART 32542 32542 10736 56062 56062 12058 12058 44004 1 PAUL & ANNE HARVEY SCHOLARSHIP 8 8000 JOHN HUBENTHAL SCHOLARSHIP 1 1150 SCANNELL SCHOLARSHIP 1 600 FIRST IN HIGH SCHOOL SCHOLARSHIP 68 64500 MATCHING FUNDS 63 160937 OTHER INSTITUTIONAL AWARDS 35 33875 FOUNDERS - FRESHMAN SCHOLARSHIP 7 6200 FULLER SCHOLARSHIP 171 212038 PRESIDENTIAL SCHOLARSHIP 103 375950 MERIT SCHOLARSHIPS 226 939520 MATCHING FUNDS - STATE, FEDERAL 7 5911 FOUNDERS - RETURNING STUDENT SCHOLARSHIP 4 4000 NEED SCHOLARSHIPS 232 427148 HOUSING SCHOLARSHIPS 162 121500 TRANSFER SCHOLARSHIP 68 62718 CORBIN HUNTER SCHOLARSHIP 1 175 DEB GRANT SCHOLARSHIP 1 500 PSNH SCHOLARSHIP 1 500 BLACKFORED SCHOLARSHIP 1 1000 UPPER VALLEY SCHOLARSHIP 1 1000 NEED SCHOLARSHIPS - BFA 67 87934 NEED SCHOLARSHIPS - MFA 17 15520 NEED SCHOLARSHIPS - MAAE 12 3250 ANNUAL FUND 8 7500 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 RICHARD STRAWBRIDGE EXECUTIVE VP, INTERIM PRESIDENT 147559 0 0 0 0 0 0 0 5426 0 152985 0 0 0 ROGER WILLIAMS PRESIDENT (FORMER) 199111 0 0 0 0 0 0 0 25413 0 224524 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 645000 9000000 35000 180000 47656 8737344 2009 0 0 1 1 B 1075000 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 100522 0 1 1 100522 ARTHUR SULLIVAN TRUSTEE 913967 ARTHUR SULLIVAN IS A PRINCIPAL AT BRADY SULLIVAN PROPERTIES. THE INSTITUTE LEASES RESIDENTIAL DORM SPACE FROM BRADY SULLIVAN. 0 0 FORM 990, PART VI, SECTION B, LINE 11 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 CONFLICT OF INTEREST POLICY IS PROVIDED TO THE APPROPRIATE INDIVIDUALS AND RE-SIGNED EVERY YEAR. 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 13,373. CHANGE IN VALUE OF INTEREST RATE SWAP -11,036.