2013-02-06T16:04:54-06:00 2012-06-30 203985821 HOWE RILEY & HOWE PLLC 660 CHESTNUT STREET MANCHESTER NH 031043500 990 2011-07-01 020222154 NEW HAMPSHIRE INSTITUTE OF ART NEWH 6036220313 148 CONCORD STREET MANCHESTER NH 03104 JAMES CHATTERTON 6036220313 2013-02-06 1 LANCE R TURGEON P00627708 6036273838 2011 2016-02-25 16:41:14Z ROGER WILLIAMS 148 CONCORD STREET MANCHESTER NH 03104 13345348 0 X WWW.NHIA.EDU X 1898 NH PROVIDING EDUCATION IN THE FIELD OF FINE ART. 20 20 310 0 0 0 587065 702859 11025036 11605647 644099 733831 7321 98584 12263521 13140921 1677727 1715456 0 0 5247708 5132554 0 0 302429 5425475 5984818 12350910 12832828 -87389 308093 49883906 50480188 18611172 20317223 31272734 30162965 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 10783445 1715456 11699205 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 ARE 465 STUDENTS IN THE BFA PROGRAM. THE CONTINUING EDUCATION PROGRAM HAD 841 COURSE REGISTRATIONS. APPROXIMATELY 20,000 VISITS WERE MADE TO THE INSTITUTE TO VIEW THE VARIOUS EXHIBITIONS THROUGHOUT THE YEAR. 10783445 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 1 76 0 1 310 1 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 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 X X 0 0 0 JOE REILLY 0.50 X X 0 0 0 ARTHUR SULLIVAN 0.50 X X 0 0 0 ELLIE COCHRAN 0.50 X X 0 0 0 MAURICE BELIVEAU 0.50 X 0 0 0 GERRY WILLIAMS 0.50 X 0 0 0 SKIP ASHOOH 0.50 X 0 0 0 BARBARA BICKFORD 0.50 X 0 0 0 BEN GAYMAN 0.50 X 0 0 0 HOWARD BRODSKY 0.50 X 0 0 0 TOM DOUGHERTY 0.50 X 0 0 0 LORRAINE DUFRESNE 0.50 X 0 0 0 JOSEPH LOVEJOY 0.50 X 0 0 0 JOHN MERCIER 0.50 X 0 0 0 DAVID RHODES 0.50 X 0 0 0 PHYLLIS STIBLER 0.50 X 0 0 0 AMY BETTENCOURT 0.50 X 0 0 0 DAVID MURRAY 0.50 X 0 0 0 WILLIAM STEVENS 0.50 X 0 0 0 ELLEN DAVIS 0.50 X 0 0 0 ROGER WILLIAMS 37.50 X 190300 0 26451 JAMES CHATTERTON 37.50 X 115969 0 5295 RICHARD STRAWBRIDGE 37.50 X 144576 0 5492 450845 0 37238 3 0 1 0 BRADY SULLIVAN 670 N COMMERCIAL STREET 303 MANCHESTER NH 03101 RENTAL & FACILITY BUILD-OUT SERVICES 1343279 CHARTWELLSCOMPASS GROUP 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICES 683936 MILESTONE ENGINEERING 1 HORSESHOE POND LANE CONCORD NH 03301 CONSTRUCTION SERVICE 235031 WHITEWATER CLEANING PO BOX 6105 PENACOOK NH 03303 CLEANING SERVICES 131667 PALMER & SICARD 140 EPPING ROAD EXETER NH 03833 CONSTRUCTION SERVICE 112417 5 702859 248565 702859 TUITION AND FEES 611710 9415470 9415470 AUXILIARY ENTERPRISES 900099 2116072 2116072 OTHER INCOME 900099 74105 74105 11605647 733831 733831 25683 20657 5026 5026 277328 183770 93558 93558 13140921 11699205 0 738857 1715456 1715456 338015 338015 4006485 3321820 569021 115644 27783 21236 5778 769 402712 332094 58605 12013 357559 273314 74359 9886 38927 35174 3753 35500 35500 61557 61557 188723 116410 22840 49473 90675 47098 7443 36134 433899 206541 207462 19896 1789703 1717568 60418 11717 170823 159347 10872 604 8201 4062 2986 1153 563212 536339 26737 136 1339521 1280869 41561 17091 24377 24377 OTHER 767879 706096 53183 8600 WAIVERS 186852 186852 HOSPITALITY 140195 117077 8833 14285 EQUIPMENT RENTAL 137933 37856 98852 1225 6841 3410 3381 50 12832828 10783445 1746954 302429 500 502 475231 365409 84098 342162 25973 15401 85051 102316 262940 325529 30126840 6710540 22408313 23416300 24404043 15737557 7609504 2137757 2565508 49883906 50480188 354670 512136 145311 125095 15210000 14920000 1970988 2702541 930203 2057451 18611172 20317223 X 2983215 5430389 94461 711378 28195058 24021198 31272734 30162965 49883906 50480188 X 308093 -1417862 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 248565 1835590 X X X X 0 24474564 7402 44297 1152825 23373438 22676652 24 2591888 794000 24474564 22079753 62336 2194884 1660411 22676562 28850798 103787 -5308840 1565992 22079753 0.03620 0.94600 0.01780 0 0 384018 22523409 3964178 18943249 2513182 480595 2032587 4706231 2265767 2440464 23416300 AEW REAL ESTATE INVESTMENT TRUST 1417623 F WEATHERLOW OFFSHORE FUND 3109800 F NYES LEDGE CAPITAL OFFSHORE FUND 1550188 F FORESTER DIVERSIFIED 1531893 F 7609504 COLLECTIONS 1835590 CONSTRUCTION IN PROGRESS 195667 ASSETS HELD IN CHARITABLE REMAINDER TRUST 111377 DEBT ISSUANCE COSTS 372736 GOODWILL 50138 2565508 DEPOSITS 142686 CAPITAL LEASE PAYABLE 465023 MARKET VALUE OF INTEREST RATE SWAP 1449742 2057451 13140921 12832828 308093 -626333 -791529 -1417862 -1109769 10146720 204427 204427 9942293 61557 3137071 3198628 13140921 11256489 204427 204427 11052062 61557 1719209 1780766 12832828 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 $1,835,590. 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: 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, 2012 AND 2011, 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, 2012 AND 2011, 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, 2009 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -1,644. CHANGE IN VALUE OF INTEREST RATE SWAP -789,885. TOTAL TO SCHEDULE D, PART XI, LINE 8: -791,529. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 20,657. COST OF GOODS SOLD 183,770. PART XII, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT- INTEREST RATE SWAP 789,885. STUDENT AID 1,715,456. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 1,644. NET UNREALIZED LOSSES ON INVESTMENTS 626,333. LEGAL EXPENSES RELATED TO THE DONATION OF A COLLECTION 3,753. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 20,657. COST OF GOODS SOLD 183,770. PART XIII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 1,715,456. LEGAL EXPENSES RELATED TO THE DONATION OF A COLLECTION 3,753. 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. AUCTION OF STUDENT ART 12155 12155 11983 EXHIBITION & SALE OF STUDENT ART 13528 13528 8674 25683 25683 20657 20657 5026 1 PAUL & ANNE HARVEY SCHOLARSHIP 8 8000 JOHN HUBENTHAL SCHOLARSHIP 1 1400 SCANNELL SCHOLARSHIP 1 1750 FIRST IN HIGH SCHOOL SCHOLARSHIP 114 109400 MATCHING FUNDS 108 268988 OTHER INSTITUTIONAL AWARDS 21 48750 FOUNDERS - FRESHMAN SCHOLARSHIP 16 14000 FULLER SCHOLARSHIP 404 491990 PRESIDENTIAL SCHOLARSHIP 122 258777 MERIT SCHOLARSHIPS 2 9000 MATCHING FUNDS - STATE, FEDERAL 117 5575 FOUNDERS - RETURNING STUDENT SCHOLARSHIP 14 16110 NEED SCHOLARSHIPS 195 289611 HOUSING SCHOLARSHIPS 104 150424 TRANSFER SCHOLARSHIP 48 35814 SCHOLARSHIP ART AWARD 43 4000 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 190300 0 0 0 0 0 6718 0 19733 0 216751 0 0 0 RICHARD STRAWBRIDGE 144576 0 0 0 0 0 0 0 5492 0 150068 0 0 0 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 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 335000 9000000 35000 180000 47656 8737344 2009 0 0 1 1 745000 7000000 42513 140000 4483688 2333799 2005 1 0 1 1 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 1 1 MORGAN STANLEY 30.000000000000 0 0 0 0 0 ARTHUR SULLIVAN TRUSTEE 1343276 ARTHUR SULLIVAN IS A PRINCIPAL AT BRADY SULLIVAN PROPERTIES. THE INSTITUTE LEASES RESIDENTIAL DORM SPACE FROM BRADY SULLIVAN. 0 ROGER WILLIAMS PRESIDENT 85216 WHITNEY WILLIAMS IS THE DAUGHTER OF ROGER WILLIAMS, PRESIDENT. WHITNEY RECEIVED COMPENSATION AS RESIDENT DIRECTOR IN THE HAMPSHIRE HOUSING DORMITORY. 0 BEN GAYMAN TRUSTEE 22768 BEN GAYMAN IS A LAWYER AT DEVINE MILLIMET. THE INSTITUTE RECEIVED LEGAL SERVICES FROM DEVINE MILLIMET. 0 X 248565 FMV 0 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -626,333. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -1,644. CHANGE IN VALUE OF INTEREST RATE SWAP -789,885. TOTAL TO FORM 990, PART XI, LINE 5: -1,417,862.