Greater Monadnock Collaborative FY2024 filing

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EIN 02-0214564 Business league / trade association Keene, NH
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$603K
FY2024▲ +10%
Expenses
$718K
FY2024▼ -11%

Form 990 for the fiscal year ending September 2024 (IRS tax year 2023).


Promotes regional activity and provides information to advance local economic and civic interests. For fiscal year 2024 it reported $603K in revenue, $718K in expenses, and $84K in net assets.Pt I

Founded
1959
Type
Business league / trade association · Nonprofit
Location
Keene, NH
Website
greatermonadnock.com
Filings
5 on file (2020–2024)
Revenue
$603KFY2024
Expenses
$718K
Net assets
$84K
People
23
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Provided by the organization

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Size
$100K–1M
What they do
Promotes regional activity and provides information to advance local economic and civic interests.
Leadership
Luca Paris · President/CEO · $85K
Money in and out
$603K revenue, $718K expenses
Bottom line
-19% operating surplus

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

WARNING

No — not deductible

IRS records this as a A business league, chamber of commerce, or trade association. Contributions are generally not tax-deductible.; contributions are not deductible as charitable gifts. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — Greater Keene Chamber of Commerce Foundation

1 distinct foundation funder(s) on file, $197K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

77% to programs

77% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↑ +10% vs prior year

Revenue band $100K–1M, +10% versus the prior filing year (up). See detail →

Membership & operating revenue · FY2024
Total revenue
$603K
Pt VIII · Ln 12
Total expenses
$718K
Pt IX · Ln 25
Net assets
$84K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$116K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.23
Operating surplus
-19%
revenue over expenses
Earned revenue
76%
of revenue from program services & dues
Payroll share
44%
of spending is salaries & benefits

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$279K
FY2024▼ -23%
Total liabilities
$195K
FY2024▲ +19%
Revenue less expensesPt I · Ln 19−$116K
Total assetsPt X · Ln 16$279K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 322
Independent voting membersPt I · Ln 422

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CGreater Monadnock Collaborative
EINHdr · item D02-0214564
Principal addressHdr · item CKeene, NH
WebsiteHdr · item Jgreatermonadnock.com
Year of formationHdr · item L1959
State of legal domicileHdr · item MNH
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1959

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a22
Independent voting membersPt VI · Ln 1b22
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President/CEO
$84,715Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Governance Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Luca Paris$88,000$84,715$81,046$26,154——
Philip Suter————$83,567$81,800

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $410K of program spending, described in the organization's own filed words · FY2023.
01

Maintained an OFFICE/VISITOR center in peterborough and a storefront office and visitor center in keene, organized multiple events to promote local organizations and businesses while bringing commerce to the monadnock region. Developed ways to communicate our member's messages with podcasts and live networking.

$347Kprogram expense
02

Collaborated with other entities to execute festivals in the region, developed media to connect the businesses to the community, created a marketing program to attract people to visit, live work and learn in the monadnock region, developed multiple platforms for sharing the information with the community and outside the region.

$54Kprogram expense
03

Provided leadership training to area workforce with workshops and forums to educate the workforce to assist in retention and recruiting for area businesses.

$9Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$459K · 76%
Contributions & grants$84K · 14%
Other revenue$59K · 10%
Program service revenue76%$459K
Contributions & grants14%$84K
Other revenue10%$59K
Investment income$281
Total revenueLn 12$603K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.23
Program services77%$552K
Management & general23%$167K
Total functional expensesLn 25$718K

Balance Sheet

Part X · end of year
CashLn 1$149K
Total assetsLn 16$279K
Total liabilitiesLn 26$195K
Total net assetsLn 32$84K
Months of cash on handcomputed2.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $149K · Operating expenses/yr $718K
2.5 months
Where the money goes
Program services
Program services $552K · Total expenses $718K
77%
Management & General
Management & general $167K · Total expenses $718K
23%
Fundraising
Fundraising $0 · Total expenses $718K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $166K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $84K · Total revenue $603K
14%
Government reliance
Government grants — · Total revenue $603K
—
Earned-income share
Program service revenue $459K · Total revenue $603K
76%
Investment reliance
Investment income $281 · Total revenue $603K
+0.05%
Program self-sufficiency
Program service revenue $459K · Total expenses $718K
64%
Growth & trend
Revenue growth (YoY)
This year $603K · Prior year $546K
+10%
Revenue CAGR
FY2019 $324K · FY2023 $603K
+17%
Net-asset trend (YoY)
End of year $84K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $603K · Expenses $718K
-19%
Liabilities-to-Assets
Total liabilities — · Total assets $279K
—
Net-asset ratio
Net assets $84K · Total assets $279K
30%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $279K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Luca Paris · Reported title PRESIDENT/CEO · Highest reported compensation $85K · Total expenses $718K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $314K · Total expenses $718K
44%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 77%——
Overhead ratio 23%——
Fundraising cost ratio 0%——
Revenue growth 10%——
Accounting fee ratio 4%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$197K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$603K revenue · viewing · ⤓ 990 PDF
FY2023$546K revenue · ⤓ 990 PDF
FY2022$639K revenue · ⤓ 990 PDF
FY2021$819K revenue · ⤓ 990 PDF
FY2020$324K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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