Capital Regional Development Council

Not tax-deductible

Concord, NH501(c)(4)EIN 02-0455162

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To provide economic Development services in the state of new hampshire.

63¢ of each $1 spent went to programs.
Run by 17 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $219K a year · 19% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 105% of spending
Concern: pay to officers and key staff is 105% of spending; over 30%.
Pt VII · Sec A
Cash reserves
49 mo
of spending, in cash
Looks good: 49.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.5M
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+9% vs prior year
Spent
$966K
To programs
63%
Net assets
$10.5M
By yearFY2020–FY2025
Revenue
$1.2M
FY2025▲ +9%
Revenue by fiscal year
FY2020$1.5M
FY2021$1.1M
FY2022$978K
FY2023$1.0M
FY2024$1.1M
FY2025$1.2M
Expenses
$966K
FY2025+0.3%
Expenses by fiscal year
FY2020$852K
FY2021$825K
FY2022$927K
FY2023$921K
FY2024$963K
FY2025$966K
Net assets
$10.5M
FY2025▲ +0.6%
Net assets by fiscal year
FY2020$9.6M
FY2021$10.1M
FY2022$10.1M
FY2023$10.4M
FY2024$10.4M
FY2025$10.5M

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1996.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $606K Management & general 37% · $360K

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

24 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Vice President
$205,760Pt VII · Sec A
Executive Vice President
$205,760Pt VII · Sec A
Senior Loan Officer
$183,760Pt VII · Sec A
Senior Loan Officer
$183,760Pt VII · Sec A
Loan Officer
$116,261Pt VII · Sec A
Loan Officer
$116,261Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Stephen a Heavener$205,760$196,938$205,040$188,990$178,614$174,374
Jennifer Boulanger$183,760$169,781$183,539$166,972$154,391$137,520
Charles Gilboy$116,261$103,875————

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.

See Capital Regional Development Council executive salaries →

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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

Boosts economic growth by offering development services across New Hampshire.

Provided by the organization

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2 programs · $1.2M · in their own filed words · FY2024
01

CRDC offers programs for financing small businesses through a variety of business loan programs sourced from the U.S. Small business administration, the us department of agriculture rural development, the us environmental protection agency, the us department of housing and urban development.

$606Kprogram expense
02

CRDC offers programs for financing small businesses through a variety of business loan programs sourced from the U.S. Small business administration, the us department of agriculture rural development, the us environmental protection agency, the us department of housing and urban development.

$606Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $10K · 2019–2019
Making Matters NHNH · FY2019$10,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$76K
Gifts and grantsLn 1h$41K
Money outPt IX
$966K
Ln 25
Programscol B$606K
Managementcol C$360K
Owns and owesPt X
$10.5M
net assets · Ln 32
Cash and savingsLn 1–2$3.9M
Total assetsLn 16$14.0M
LiabilitiesLn 26$3.5M
PeoplePt VI, VII
24
listed · VII A
PaidVII A6
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$41K
Government grantsLn 1e$41K
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$76K
Other incomeLn 4–11$500
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$3.9M
Total assetsLn 16$14.0M
LiabilitiesLn 26$3.5M
Net assetsLn 32$10.5M
OperationsPt I, VI
EmployeesI 54
VolunteersI 617
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.2M$966K$202K$10.5M 990 PDF
FY2024 $1.1M$963K$105K$10.4M 990 PDF
FY2023 $1.0M$921K$88K$10.4M 990 PDF
FY2022 $978K$927K$51K$10.1M 990 PDF
FY2021 $1.1M$825K$258K$10.1M 990 PDF
FY2020 $1.5M$852K$612K$9.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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