Overview
What is Hanover Improvement Society Corporation?
The Hanover Improvement Society Corporation, located in Hanover, New Hampshire, serves as a nonprofit organization with a mission to enhance and improve the local community. Their primary focus is on financing projects that contribute to the quiet maintenance and betterment of Hanover. The society manages various recreational facilities, including Storrs Pond, which offers amenities for swimming, camping, picnicking, tennis, and hiking. This organization employs a team of 66 individuals who are dedicated to their mission.
Official website here: www.hanoverimprovement.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
The Hanover Improvement Society Corporation has achieved a solid Three-Star rating from Charity Navigator, reflecting a score of 85%. This rating indicates a good level of accountability and financial stability, with a particularly strong performance in various governance areas, such as having a fully independent board and no material diversion of assets.
Strengths of the organization include a high program expense ratio of 81.64%, which suggests that a significant portion of its funds is directed towards its programs rather than administrative costs. The fundraising efficiency ratio is notably low at $0.01, indicating that the charity is effective in raising funds without incurring excessive costs. However, the absence of a whistleblower policy and a document retention policy may present areas for improvement in governance and transparency.
Overall, while the Hanover Improvement Society Corporation demonstrates strong financial health and governance practices, addressing the identified limitations could further enhance its accountability and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Hanover Improvement Society Corporation legitimate?
Hanover Improvement Society Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hanover Improvement Society Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $115,485
Professional Fundraising Fees: $0
Other Salaries and Wages: $506,933
For more financial information, click here
Official website here: www.hanoverimprovement.org
What is the mission statement of Hanover Improvement Society Corporation?
The Hanover Improvement Society Corporation's mission is centered around enhancing a community. Specifically, their goal is to identify, evaluate, and support opportunities for improving the community, undertaking these initiatives through the funding of various projects, which they refer to as "good works." Some of these projects include facilitating recreational activities at Storrs Pond, offering amenities such as swimming, camping, picnicking, tennis, and hiking. The society aims to quietly and consistently maintain and improve the community, focusing on projects that will have a positive impact.
Official website here: www.hanoverimprovement.org
Who is the CEO of Hanover Improvement Society Corporation?
Donald E Derrick is the President of Hanover Improvement Society Corporation.
Official website here: www.hanoverimprovement.org
What is the revenue of Hanover Improvement Society Corporation?
Hanover Improvement Society Corporation's revenue in 2022 was $3,942,622.
Official website here: www.hanoverimprovement.org
Who are the executives of Hanover Improvement Society Corporation and what are their salaries?
The average compensation at Hanover Improvement Society Corporation during 2022 was $9,431. There are 66 employees at Hanover Improvement Society Corporation.
Here are 8 key members and their salaries:
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- Compensation: $109,909
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- Other: $5,384
Official website here: www.hanoverimprovement.org
Where can I find the form 990 for Hanover Improvement Society Corporation?
Hanover Improvement Society Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hanoverimprovement.org
Learn more at the official website: www.hanoverimprovement.org
Mission Statement of Hanover Improvement Society Corporation
The Hanover Improvement Society Corporation, a nonprofit organization, is dedicated to enhancing the well-being of its community. Its mission is threefold: firstly, it involves identifying potential opportunities that can contribute to the quiet maintenance and improvement of the community. Secondly, it evaluates these opportunities to determine their feasibility and relevance to the community's needs. Lastly, it provides financial support to these worthy projects, known as "good works." The Hanover Improvement Society Corporation's activities extend to various recreational facilities, such as Storrs Pond, which offers amenities for swimming, camping, picnics, tennis, and hiking, demonstrating its commitment to enriching community life.
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Impact
July, 2024
Hanover Improvement Society Corporation's impact is evident in their dedicated efforts to make Hanover, New Hampshire a better place. Through their Storrs Pond Recreation Area, they provide facilities for swimming, camping, picnics, tennis, and hiking, offering the community opportunities for recreation and rejuvenation. The society's mission focuses on identifying, evaluating, and supporting opportunities to maintain and enhance the Hanover community through funding "good works" projects. Their commitment to improving the quality of life in Hanover is reflected in their initiatives aimed at enhancing the well-being and recreational experiences of residents and visitors alike.
This information is meant to be a general summary of Hanover Improvement Society Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $249,135
- Program Service Revenue: $1,329,665
- Gross Receipts: $4,243,059
Assets and Liabilities:
- Total Assets: $9,961,793
- Total Liabilities: $505,504
- Net Assets: $9,456,289
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
JAMES W. CAMPION III R
Revenue
$520,081
STORRS POND RECREATION
Revenue
$409,979
NUGGET THEATER ADMISSI
Revenue
$394,824
MISC INC
Revenue
$4,781
Organization Details
Founding Year
1984
Phone
(603) 643-2408Principal Officer
Donald E Derrick
Main Address
PO BOX 106, HANOVER, NH, 03755
Website
www.hanoverimprovement.orgNTEE Category
Code: N31Z - Recreation
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