University of New Hampshire Foundation Incorporated

Overview

Mission

The University of New Hampshire Foundation Inc. UNHF is an entity whose purpose is to coordinate the acquisition of private support to benefit the University of New Hampshire UNH within the University System of New Hampshire USNH.

What it reported doing in 2024

UNHF distributed 108,871 to St. Anselm College on behalf of the Responsible Governance and Sustainable Citizenship Project RGSCP an initiative involving UNH and St. Anselm College that promotes ethics citizenship principled leadership responsible governance and the creation of sustainable institutions. The 7M funding to establish the endowment came from a settlement reached between the NH Securities Board and Tyco International LTD in 2002.

Operating model

Revenue model
Donor-supported. 69% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
020437506
IRS 990 coverage
2018–2024
Forms available
Form 990 2024, Form 990-T 2024
Headquarters
Durham, NH, USA
Phone
6038621584
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 70
  • Accountability: 95
  • Sustainability: 61
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.3%; rating input score 73
  • Program expense ratio: 68.1%; rating input score 68
  • Fundraising efficiency: $3.11 raised per $1 spent on fundraising; rating input score 12; 12th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 91.7%; rating input score 92; 24th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 1.6%; rating input score 40; 40th percentile among comparable filings
  • Total-asset coverage ratio: 8.73; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 90; 90th percentile among comparable filings
  • Officer compensation ratio: 6%; rating input score 42; 42nd percentile among comparable filings

Growth

  • Program expense growth: 12.2% per year; rating input score 100; 77th percentile among comparable filings
  • Revenue growth: 4.4% per year; rating input score 100; 38th percentile among comparable filings
  • Asset growth: 6.4% per year; rating input score 100; 45th percentile among comparable filings

Details

  • Where the money goes: 73.3% of revenue deployed · 68.1% of spending went to programs
  • Governance: 22 of 24 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $29.5M in reported program spending
  • Leadership: top reported pay $631K · 39 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 46 of 46 current checks pass
  • Schedules: 9 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 7 annual filings from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 14 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

39 people listed

Highest reported compensation

  • James Dean (UNH President until June 30 2024): $630,700 total reported compensation
  • Deborah Dutton Cox (UNHF President): $459,424 total reported compensation
  • Elizabeth Chilton (UNH President starting July 1 2024): $320,151 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.