CORNISH COMMUNITY INITIATIVE

EIN: 874593192 501(c)(3) Community Improvement

Cornish Flat, NH

Total Revenue
$1,098,349
Total Expenses
$17,454
Total Assets
$1,130,866
Net Assets
$1,092,778
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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
NH
Principal Officer
Daniel Poor
Phone
6036756805
Tax Period
2023-07-01 to 2024-06-30

CORNISH COMMUNITY INITIATIVE, founded in 2022, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 2452% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 98% operating margin.

Mission

The mission of the Cornish Community Initiative is to maintain and enhance the quality of life of Cornish, NH residents through multiple activities related to the arts, education, public affairs, community development, historic resources, the environment, recreation, and social services.

Program Service Accomplishments

Program 1
Expenses: $6,728 Revenue: $1,092,978

CCI's initial most significant activity is the organization and execution of a multi-year capital campaign dedicated to the formation of the Cornish Library and Community center. If the campaign is...

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CCI's initial most significant activity is the organization and execution of a multi-year capital campaign dedicated to the formation of the Cornish Library and Community center. If the campaign is successful it is anticipated that the real property formerly known as the Cornish General Store will be donated to CCI and CCI will coordinate and fund the renovation of the building to house the library and community center. CCI would then gift the renovated building to the Town of Cornish, New Hampshire. The CCI has seen early success in its capital campaign initiative having received through June 30, 2024 $472,903 in gifts and grants and $515,650 in pledges. This result was achieved due to the efforts of several community volunteers and purchasing $8,481 of professional fundraising services.

Program 2
Expenses: $1,464 Revenue: $342

Many activities were held during 2024 with the interest of the Cornish community in mind for social, recreational, and educational purposes: hosting of the following regular gatherings within the...

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Many activities were held during 2024 with the interest of the Cornish community in mind for social, recreational, and educational purposes: hosting of the following regular gatherings within the former Cornish General Store - Cornish Aging in Place, Cornish Garden Club, Cornish Quilters, Friends of the Cornish Library, and Cornish Neighbor to Neighbor. In addition, the organization, execution, some funding, and access to the building was provided to hold community board game nights, pot luck dinners, living a sustainable lifestyle talks, storyteller/moth nights, Styrofoam collections, community holiday caroling, winter puzzle swaps, bicycle maintenance class, adult craft nights, plant swaps, the cabin fever music series, quilt classes, etc. No fees where charged to attend, but donations were encouraged.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,093,321
Program Service Revenue $0
Investment Income $5,028
Other Revenue $0
TOTAL REVENUE $1,098,349

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $8,481
Program Expenses $8,192
Other Expenses $8,973
TOTAL EXPENSES $17,454

Year-over-Year Comparison

2023 2022 Change
Revenue $1,098,349 $43,040 +24.5%
Expenses $17,454 $31,157 -0.4%
Net Income $1,080,895 $11,883 +90.0%
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
5
Independent Members
5
Employees
N/A
Volunteers
25

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Colleen O'Neil Board Chair 4
Officer Director
$0 $0 $0
Cindy Heath Board Secretary 4
Officer Director
$0 $0 $0
Daniel Poor Board Treasurer 4
Officer Director
$0 $0 $0
Keith Mullane Board Member 4
Director
$0 $0 $0
Yadin Flammer Board Member 4
Director
$0 $0 $0
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 No data No data No data No data
2024 $1,098,349 $17,454 $1,130,866 $1,080,895
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