2014-02-12T07:04:12-06:00 2013-06-30 203985821 HOWE RILEY & HOWE PLLC 660 CHESTNUT STREET MANCHESTER NH 031043500 990 2012-07-01 020222154 NEW HAMPSHIRE INSTITUTE OF ART NEWH 6036220313 148 CONCORD STREET MANCHESTER NH 03104 JAMES CHATTERTON 6036220313 2014-02-07 1 LANCE R TURGEON P00627708 6036273838 2012 2015-11-30 17:44:51Z ROGER WILLIAMS 148 CONCORD STREET MANCHESTER NH 03104 15808266 0 X WWW.NHIA.EDU X 1898 NH PROVIDING EDUCATION IN THE FIELD OF FINE ART. 23 22 357 23 0 0 702859 1893274 11605647 13068688 733831 542141 98584 86259 13140921 15590362 1715456 2432173 0 0 5132554 5978911 0 0 301206 5984818 6800367 12832828 15211451 308093 378911 50480188 51959058 20317223 20152371 30162965 31806687 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 13225736 2432173 13106301 THE BFA PROGRAM IS THE INSTITUTE'S FLAGSHIP PROGRAM. ACCREDITED BY THE NATIONAL ASSOCIATION OF SCHOOLS OF ART AND DESIGN (NASAD) AND THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES (NEASC). THE PROGRAM FOCUSES ON TEACHING THE TRADITIONAL FINE ARTS. THERE WERE 541 STUDENTS IN THE BFA PROGRAM IN THE FALL SEMESTER. IN ADDITION, A MASTERS PROGRAM WAS STARTED IN FISCAL YEAR 2013 WITH 8 STUDENTS ENROLLING IN THE FALL SEMESTER. THE CONTINUING EDUCATION PROGRAM HAD 212 COURSE REGISTRATIONS IN THE FALL SEMESTER. APPROXIMATELY 20,000 VISITS WERE MADE TO THE INSTITUTE TO VIEW THE VARIOUS EXHIBITIONS THROUGHOUT THE YEAR. 13225736 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 1 1 0 0 0 0 0 0 0 1 61 0 1 357 1 0 0 0 0 0 1 1 0 0 X 23 22 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 NH X X JAMES CHATTERTON 6038362512 148 CONCORD STREET MANCHESTER NH 03104 RON COVEY 0.50 0.00 X X 0 0 0 JOE REILLY 0.50 0.00 X X 0 0 0 ARTHUR SULLIVAN 0.50 0.00 X X 0 0 0 ELLIE COCHRAN 0.50 0.00 X X 0 0 0 MAURICE BELIVEAU 0.50 0.00 X 0 0 0 GERRY WILLIAMS 0.50 0.00 X 0 0 0 SKIP ASHOOH 0.50 0.00 X 0 0 0 BARBARA BICKFORD 0.50 0.00 X 0 0 0 BEN GAYMAN 0.50 0.00 X 0 0 0 HOWARD BRODSKY 0.50 0.00 X 0 0 0 TOM DOUGHERTY 0.50 0.00 X 0 0 0 LORRAINE DUFRESNE 0.50 0.00 X 0 0 0 JOSEPH LOVEJOY 0.50 0.00 X 0 0 0 JOHN MERCIER 0.50 0.00 X 0 0 0 GEORGE FOOTE JR 0.50 0.00 X 0 0 0 PHYLLIS STIBLER 0.50 0.00 X 0 0 0 AMY BETTENCOURT 0.50 0.00 X 0 0 0 DAVID MURRAY 0.50 0.00 X 0 0 0 WILLIAM STEVENS 0.50 0.00 X 0 0 0 ELLEN DAVIS 0.50 0.00 X 0 0 0 STEVE GEHLBACH 0.50 0.00 X 0 0 0 MAUREEN MILLS 0.50 0.00 X 0 0 0 TERRY HEINZMANN 0.50 0.00 X 0 0 0 ROGER WILLIAMS 37.50 0.00 X 202162 0 24400 JAMES CHATTERTON 37.50 0.00 X 113351 0 2206 RICHARD STRAWBRIDGE 37.50 0.00 X 143134 0 5000 458647 0 31606 3 0 1 0 BRADY SULLIVAN 670 N COMMERCIAL STREET 303 MANCHESTER NH 03101 RENTAL & FACILITY BUILD-OUT SERVICES 886585 CHARTWELLSCOMPASS GROUP 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICES 828308 PALMER & SICARD 140 EPPING ROAD EXETER NH 03833 CONSTRUCTION SERVICE 196745 DEVINE MILIMET 11 AMHERST ST MANCHESTER NH 03101 LEGAL SERVICES 120173 WHITEWATER CLEANING PO BOX 6105 PENACOOK NH 03303 CLEANING SERVICES 119390 5 1893274 1745061 1893274 TUITION AND FEES 611710 10712360 10712360 AUXILIARY ENTERPRISES 900099 2301560 2301560 OTHER INCOME 900099 54768 54768 13068688 542141 542141 65991 17345 48646 48646 238172 200559 37613 37613 15590362 13106301 0 590787 2432173 2432173 315513 315513 4598844 4011831 469131 117882 671385 545590 109428 16367 393169 321339 62484 9346 146137 58256 87881 38250 1000 37250 62715 62715 330463 263000 34302 33161 128447 94209 2899 31339 419318 230015 153833 35470 2128400 2051902 63267 13231 185590 181262 3851 477 7469 3269 1545 2655 480557 465425 15012 120 1591072 1529487 43640 17945 29948 3781 26167 OTHER 764123 678359 75302 10462 WAIVERS 165075 165075 HOSPITALITY 133296 133296 EQUIPMENT RENTAL 111816 111816 77691 56467 8473 12751 15211451 13225736 1684509 301206 502 1558 365409 554043 342162 288397 15401 160393 102316 152588 325529 283427 32142292 8178267 23416300 23964025 15737557 11894523 7609504 11894671 2565508 2765433 50480188 51959058 512136 568080 125095 256451 14920000 14610000 125000 2702541 3063288 2057451 1529552 20317223 20152371 X 5430389 6392233 711378 1094901 24021198 24319553 30162965 31806687 50480188 51959058 X 378911 1049976 214835 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 216010 2051580 X X X X 0 23373438 18907 1538094 0 1148676 23781763 24474564 7402 44297 1152825 23373438 22676652 24 2591888 794000 24474564 22079753 62336 2194884 1660411 22676562 28850798 103787 -5308840 1565992 22079753 0.03550 0.93100 0.03350 0 0 271300 271300 871295 23192856 4536302 19527849 2376906 656975 1719931 3225919 1671314 1554605 2204016 1313676 890340 23964025 AEW REAL ESTATE INVESTMENT 1554356 F WEATHERLOW OFFSHORE FUND 3481232 F NYES LEDGE CAPITAL OFFSHORE FUND 1765114 F FORESTER DIVERSIFIED 1734650 F GMO INTERNATIONAL EQUITY ALLOCATION III 3359319 F 11894671 COLLECTIONS 2051580 CONSTRUCTION IN PROGRESS 195667 ASSETS HELD IN CHARITABLE REMAINDER TRUST 120069 DEBT ISSUANCE COSTS 398117 2765433 DEPOSITS 89099 CAPITAL LEASE PAYABLE 536512 MARKET VALUE OF INTEREST RATE SWAP 903941 1529552 X 14917847 1049976 405850 1455826 13462021 62715 2065626 2128341 15590362 13274125 339658 217904 557562 12716563 62715 2432173 2494888 15211451 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INSTITUTES 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: 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, 2013 AND 2012, THE INSTITUTE HAS NOT TAKEN ANY SIGNIFICANT MATERIAL 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, 2013 AND 2012, 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, 2010 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -148,643. SPLIT INTEREST 8,692. GAIN IN INTEREST RATE SWAP 545,801. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 2,283,530. FUNDRAISING EXPENSE -17,345. COST OF SALES OF INVENTORY -200,559. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 17,345. COST OF GOODS SOLD 200,559. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 2,283,530. SCHOLARSHIPS 148,643. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 PUBLISHED COMMUNICATIONS TO THE GENERAL PUBLIC WHICH CONTAIN THE INSTITUTE'S POLICIES OF NON-DESCRIMINATION. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE 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 0 0 INVESTMENT 1734650 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 1765114 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 3481232 0 0 0 0 0 0 6980996 0 6980996 0 0 1 0 0 0 FORM 5471 PART IV #3 THE INSTITUTE DOES NOT MEET THE FILING REQUIREMENTS FOR FORM 5471. AUCTION OF STUDENT ART 22775 22775 4917 EXHIBITION & SALE OF STUDENT ART 43216 43216 12428 65991 65991 17345 17345 48646 1 PAUL & ANNE HARVEY SCHOLARSHIP 10 9000 JOHN HUBENTHAL SCHOLARSHIP 1 1200 SCANNELL SCHOLARSHIP 1 2500 FIRST IN HIGH SCHOOL SCHOLARSHIP 95 92500 MATCHING FUNDS 87 216913 OTHER INSTITUTIONAL AWARDS 19 19750 FOUNDERS - FRESHMAN SCHOLARSHIP 15 12450 FULLER SCHOLARSHIP 268 330632 PRESIDENTIAL SCHOLARSHIP 90 189264 MERIT SCHOLARSHIPS 208 867872 MATCHING FUNDS - STATE, FEDERAL 118 7613 FOUNDERS - RETURNING STUDENT SCHOLARSHIP 5 3158 NEED SCHOLARSHIPS 230 427511 HOUSING SCHOLARSHIPS 107 148643 TRANSFER SCHOLARSHIP 63 54064 SCHOLARSHIP ART AWARD 33 3250 GAKIDIS SCHOLARSHIP 1 500 CORBIN HUNTER SCHOLARSHIP 1 175 DEB GRANT SCHOLARSHIP 1 500 PSNH SCHOLARSHIP 1 500 MASTER'S LEVEL SCHOLARSHIP 7 5250 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 ROGER WILLIAMS 202162 0 0 0 0 0 6791 0 17609 0 226562 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 495000 9000000 35000 180000 47656 8737344 2009 0 0 1 1 B 895000 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 GEORGE FOOTE JR SECOND MORTGAGE FOR THE PURCHASE OF A GALLERY (SHARON ARTS CENTER) X 125000 125000 0 1 1 125000 ARTHUR SULLIVAN TRUSTEE 886585 ARTHUR SULLIVAN IS A PRINCIPAL AT BRADY SULLIVAN PROPERTIES. THE INSTITUTE LEASES RESIDENTIAL DORM SPACE FROM BRADY SULLIVAN. 0 BEN GAYMAN TRUSTEE 120173 BEN GAYMAN IS A LAWYER AT DEVINE MILLIMET. THE INSTITUTE RECEIVED LEGAL SERVICES FROM DEVINE MILLIMET. 0 X 1 120000 FAIR MARKET VALUE X NET ASSETS RECEIVED IN MERGER 1 1625061 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 ON NOVEMBER 21, 2012 SHARON ARTS CENTER, INC. (EIN 02-0227601) WAS MERGED INTO THE NH INSTITUTE OF ART (NHIA). AS PART OF THIS MERGER, THE BY-LAWS WERE AMENDED TO PROVIDE FOR AN ADVISORY BOARD. THE ADVISOR BOARD COMPRISES OF THE CENTERS PRESIDENT AND CHIEF OPERATING OFFICER AND MEMBERS THAT ARE ELECTED BY CERTAIN DONORS OF NHIA WHO ATTEND THE CENTERS ANNUAL MEETING. THE ADVISOR BOARD CONSISTS OF 6 TO 15 MEMBERS HAS THE ABILITY TO APPOINT FOUR MEMBERS OF NHIA. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 545,801. CHANGE IN VALUE OF INTEREST RATE SWAP 8,692. IMPAIRMENT LOSS -339,658.