HANOVER IMPROVEMENT SOCIETY CORPORATION

EIN: 020392580 501(c)(3) Recreation & Sports

HANOVER, NH

Total Revenue
$2,295,171
Total Expenses
$1,886,199
Total Assets
$12,991,535
Net Assets
$12,698,361
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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NH
Principal Officer
PHILLIP MCCAULL
Phone
6036432408
Tax Period
2024-04-01 to 2025-03-31

HANOVER IMPROVEMENT SOCIETY CORPORATION, founded in 1984, is a community nonprofit in the Recreation & Sports sector that reported $2.3M in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $409K, a strong 18% operating margin.

Mission

IDENTIFY, EVALUATE, AND SUPPORT OPPORTUNITIES TO QUIETLY MAINTAIN AND IMPROVE THE HANOVER COMMUNITY, BY THE FUNDING OF "GOOD WORKS" PROJECTS.

Program Service Accomplishments

Program 1
Expenses: $412,106 Revenue: $390,640

STORRS POND RECREATION AREA - THIS FACILITY IS THE HIDDEN GEM OF OUTDOOR ACTIVITIES IN THE UPPER VALLEY. WE HAVE A POOL FOR SWIMMING AND SWIM LESSONS, A POND FOR SWIMMING AND BOATING, A CAMPGROUND...

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STORRS POND RECREATION AREA - THIS FACILITY IS THE HIDDEN GEM OF OUTDOOR ACTIVITIES IN THE UPPER VALLEY. WE HAVE A POOL FOR SWIMMING AND SWIM LESSONS, A POND FOR SWIMMING AND BOATING, A CAMPGROUND WITH TENT AND RV HOOKUPS, FOUR TENNIS COURTS, A SPLASH PAD, DISC GOLF, AND FIVE PAVILIONS FOR FOLKS TO HOLD THEIR SPECIAL EVENTS. THIS YEAR, WE HAD 523 FAMILIES SIGNUP, AND AVERAGED OVER 750 PEOPLE A DAY VISITING FROM ALL OVER THE UPPER VALLEY AND NEW ENGLAND.

Program 2
Expenses: $417,283 Revenue: $566,002

JAMES W. CAMPION III RINK - AN OUTSTANDING SKATING FACILITY THAT OPERATES FOR SEVEN MONTHS A YEAR, SEVEN DAYS A WEEK, AND SIXTEEN HOURS EACH DAY. WE HOST 17 DIFFERENT SKATING GROUPS REPRESENTING AGES...

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JAMES W. CAMPION III RINK - AN OUTSTANDING SKATING FACILITY THAT OPERATES FOR SEVEN MONTHS A YEAR, SEVEN DAYS A WEEK, AND SIXTEEN HOURS EACH DAY. WE HOST 17 DIFFERENT SKATING GROUPS REPRESENTING AGES 3 - 80. DRAWING FROM 43 LOCAL TOWNS FOR OUR RINK RUN PROGRAMS, WE ALSO OFFER COMMUNITY PUBLIC SKATE, LEARN TO SKATE, AND OPEN STICK TIMES. WE ALSO ARE THE HOST FOR 4 AREA HIGH SCHOOL HOCKEY TEAMS.

Program 3
Expenses: $713,856

NUGGET THEATER - SINCE 1916 THE NUGGET THEATER HAS BEEN SHOWING THE FINEST FILMS HOLLYWOOD HAS TO OFFER. AS THE OLDEST MAIN STREET THEATER IN THE STATE, PEOPLE FROM ALL OVER THE TWIN STATES COME TO...

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NUGGET THEATER - SINCE 1916 THE NUGGET THEATER HAS BEEN SHOWING THE FINEST FILMS HOLLYWOOD HAS TO OFFER. AS THE OLDEST MAIN STREET THEATER IN THE STATE, PEOPLE FROM ALL OVER THE TWIN STATES COME TO ENJOY THE BEST POPCORN MADE WITH REAL BUTTER, AS WELL AS THE LATEST FILMS AVAILABLE.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $460,817
Program Service Revenue $1,559,940
Investment Income $227,653
Other Revenue $46,761
TOTAL REVENUE $2,295,171

Expense Breakdown

Grants Paid $0
Salaries & Benefits $790,929
Fundraising Expenses $5,283
Program Expenses $1,543,245
Other Expenses $1,095,270
TOTAL EXPENSES $1,886,199

Year-over-Year Comparison

2024 2023 Change
Revenue $2,295,171 $2,852,461 -0.2%
Expenses $1,886,199 $2,034,122 -0.1%
Net Income $408,972 $818,339 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
69
Volunteers
7

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$125,583
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARICCA VAN CITTERS PRESIDENT 5.00
Officer Director
$0 $0 $0
AMY HOCHREITER VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
PHILLIP MCCAULL TREASURER 3.00
Officer Director
$0 $0 $0
AMY GOOD SECRETARY 1.00
Officer Director
$0 $0 $0
RICK LEMAY DIRECTOR 1.00
Director
$0 $0 $0
KRISTINE MCDEVITT DIRECTOR 1.00
Director
$0 $0 $0
KERRY ARTMAN DIRECTOR 1.00
Director
$0 $0 $0
JEFF GRAHAM GENERAL MANAGER 40.00
Officer
$119,646 $5,937 $125,583
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,295,171 $1,886,199 $12,991,535 $408,972
2024 $2,852,461 $2,034,122 $12,649,791 $818,339
2023 $4,028,196 $1,875,934 $11,800,445 $2,152,262
2022 $3,942,622 $1,673,115 $9,961,793 $2,269,507
2021 $1,096,485 $1,203,035 $7,933,275 $-106,550
2020 $2,285,303 $2,079,354 $6,967,790 $205,949
2019 $2,264,343 $2,172,779 $7,164,773 $91,564
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