New Hampshire Institute of Art

Nonprofit profile at a glance

EIN
020222154
IRS 990 coverage
2009–2018
Forms available
Form 990 2018
Location
Manchester, NH, USA
Phone
6036220313
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Humanities Organizations

Official website

Reported finances

Revenue
$13,685,136
Expenses
$14,028,058
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

25 people listed

Executive titles in this filing

  • Michele Perkins (President)
  • James Murtha (Vice President)
  • Kent Devereaux (President)
  • Paula Amato (Senior Vice President & CFO - NEC)
  • Jonathan Lindsey (Vice President of Enrollment)
  • William Schaaf Jr (Vice President of Academic Affairs)

Highest reported compensation

  • Michele Perkins (President): $332,642 total reported compensation
  • Kent Devereaux (President): $242,332 total reported compensation
  • Paula Amato (Senior Vice President & CFO - NEC): $215,716 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To educate, engage, and empower through the arts.

What it reported doing in 2018

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. The New Hampshire Institute of Art (NHIA) offers Bachelor of Fine Arts (BFA) degree programs in ceramics, comic arts, creative writing, design, fine arts, illustration printmaking, and photography as well as low-residency master of fine arts (MFA) degree programs in creative writing, photography, and visual arts, 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 a certificate in creative placemaking.

Operating model

Revenue model
Earned-program. 81% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 68% for direct work, and 32% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 83
  • Accountability: 81
  • Sustainability: 14
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.3%; rating input score 75
  • Program expense ratio: 73.8%; rating input score 74
  • Fundraising efficiency: Limited

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: Limited
  • Grant itemization coverage: 100%; rating input score 100; 71st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 12th percentile among comparable filings
  • Governance controls: 8 of 8 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -2.5%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 5.7%; rating input score 36; 36th percentile among comparable filings

Growth

  • Program expense growth: -4.4% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: 1.4% per year; rating input score 100; 23rd percentile among comparable filings
  • Asset growth: -8.3% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 75.3% of revenue deployed · 73.8% of spending went to programs
  • Governance: 4 of 6 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $10.3M in reported program spending
  • Leadership: top reported pay $333K · 25 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $1.2M reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 10 filing years from 2009 to 2018
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 20/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 36/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.