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.
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
21 people listed on the 990; $312K paid to officers and key staff.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| 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.
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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.
Questions for Capital Regional Development Council
Your first name shows with your question. Capital Regional Development Council answers here, for everyone.
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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.
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 | $3.7M | $3.8M |
| InvestmentsLn 11–13 | $801K | $539K |
| Land, buildings, equipmentLn 10c | $0 | $490K |
| Total assetsLn 16 | $13.5M | $14.7M |
| LiabilitiesLn 26 | $4.2M | $5.1M |
| Net assetsLn 32 | $9.4M | $9.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $10K | $10K | ||
| Pay of current officers, directors and key staffLn 5 | $193K | $86K | $106K | |
| Other salaries and wagesLn 7 | $339K | $248K | $90K | |
| Pension plan contributionsLn 8 | $10K | $7K | $4K | |
| Other employee benefitsLn 9 | $19K | $13K | $7K | |
| Payroll taxesLn 10 | $37K | $23K | $13K | |
| Legal feesLn 11b | $26K | $16K | $9K | |
| Accounting feesLn 11c | $35K | $22K | $13K | |
| Investment management feesLn 11f | $13K | $13K | ||
| Advertising and promotionLn 12 | $8K | $5K | $3K | |
| Office expensesLn 13 | $13K | $8K | $5K | |
| Information technologyLn 14 | $14K | $7K | $7K | |
| OccupancyLn 16 | $26K | $16K | $10K | |
| TravelLn 17 | $3K | $2K | $1K | |
| Conferences, conventions and meetingsLn 19 | $3K | $2K | $1K | |
| InterestLn 20 | $50K | $31K | $18K | |
| Depreciation, depletion and amortizationLn 22 | $6K | $4K | $2K | |
| InsuranceLn 23 | $29K | $24K | $6K | |
| Other expenses (24a–d)Ln 24 | $19K | $14K | $5K | |
| Total functional expensesLn 25 | $852K | $540K | $313K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $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 Viewing | $1.5M | $852K | $612K | $9.6M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $1,464,309 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, no flags
Part VIII · Statement of revenue $1,464,309 across 7 lines filed
Part IX · Statement of functional expenses $852,141 across 19 lines filed
Part X · Balance sheet $14,703,785 assets, 15 lines filed
Part XI · Reconciliation of net assets $9,649,890 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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