Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1946.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
87 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
34 people listed on the 990; $1.4M paid to officers and key staff.
Clair Glossner’s $201K as Ft Faculty is at the 37th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Clair Glossner | $200,790 | $199,600 | — | — | — | — |
| Paula Williams | $192,680 | $146,028 | $143,614 | $134,511 | — | $126,117 |
| David Pitts | — | $184,742 | — | — | — | — |
| Ralph Sperry | $181,727 | — | — | — | — | — |
| Douglas Howard | — | — | — | — | $113,216 | $177,849 |
| Brian Ernsting | — | $176,150 | $173,687 | $166,494 | $82,420 | — |
| Dr John Gleason | $148,587 | $156,280 | $163,524 | $165,056 | $156,998 | $144,749 |
| Steven Perrotta | $162,379 | $147,586 | $137,517 | $127,134 | $23,832 | — |
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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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Educates students in liberal arts and professional fields to serve the world.
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Instructional, academic support, and student services expenses related to providing instructional services for 2,691 undergraduate, graduate, and doctoral students. Instructional programs range from liberal arts to professional studies. Programs such as nursing and education lead to licensure.
For students living beyond a reasonable commuting distance, or students within a reasonable commuting distance who elect to have an in-residence experience, the University provided room and board for an average of 330 students during FY 2019-20.
Early Childhood Center, which functions as a laboratory school for the University's undergraduate and graduate Education Programs, serves the greater Nashua community providing a safe, learning environment for children up to kindergarten age.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $3.3M | $4.8M |
| InvestmentsLn 11–13 | $53.9M | $53.3M |
| Land, buildings, equipmentLn 10c | $42.2M | $59.9M |
| Total assetsLn 16 | $121.4M | $127.3M |
| LiabilitiesLn 26 | $40.8M | $48.2M |
| Net assetsLn 32 | $80.5M | $79.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $14.6M | $14.6M | ||
| Pay of current officers, directors and key staffLn 5 | $822K | $505K | $253K | $63K |
| Other salaries and wagesLn 7 | $15.0M | $13.7M | $1.2M | $44K |
| Pension plan contributionsLn 8 | $421K | $398K | $22K | $1K |
| Other employee benefitsLn 9 | $2.5M | $2.4M | $185K | $8K |
| Payroll taxesLn 10 | $1.1M | $1.1M | $92K | $3K |
| Management feesLn 11a | $202K | $202K | ||
| Legal feesLn 11b | $14K | $14K | ||
| Accounting feesLn 11c | $60K | $60K | ||
| Advertising and promotionLn 12 | $400K | $3K | $397K | |
| Office expensesLn 13 | $108K | $89K | $18K | $2K |
| Information technologyLn 14 | $23K | $21K | $2K | |
| OccupancyLn 16 | $4.7M | $2.3M | $2.4M | $5K |
| TravelLn 17 | $209K | $198K | $11K | $77 |
| Conferences, conventions and meetingsLn 19 | $49K | $45K | $3K | $520 |
| InterestLn 20 | $694K | $663K | $32K | |
| Depreciation, depletion and amortizationLn 22 | $2.1M | $2.1M | ||
| InsuranceLn 23 | $246K | $110K | $136K | |
| Other expenses (24a–d)Ln 24 | $3.7M | $2.9M | $734K | $9K |
| All other expensesLn 24e | $1.8M | $1.3M | $428K | $50K |
| Total functional expensesLn 25 | $48.8M | $42.5M | $6.2M | $186K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $73.9M | $68.9M | $5.1M | $111.1M | 990 PDF |
| FY2023 | $65.9M | $62.2M | $3.6M | $100.6M | 990 PDF |
| FY2022 | $64.5M | $57.5M | $7.0M | $93.2M | 990 PDF |
| FY2021 | $55.2M | $49.9M | $5.4M | $93.0M | 990 PDF |
| FY2020 Viewing | $50.0M | $48.8M | $1.2M | $79.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $50,041,895 across 10 lines filed
Part IX · Statement of functional expenses $48,847,719 across 20 lines filed
Part X · Balance sheet $127,299,502 assets, 20 lines filed
Part XI · Reconciliation of net assets $79,107,185 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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