Overview
What is New Hampshire Stories Inc?
New Hampshire Stories Inc Dba Nh Made is a nonprofit organization based in Portsmouth, New Hampshire. With a mission to boost the visibility and demand for locally produced goods and services, they collaborate with small businesses across the state. Their strategy involves leveraging a state-wide brand identity program, expanding marketing opportunities, and providing networking and business development support to their 800+ members. The organization operates retail stores in partnership with the New Hampshire Liquor Commission, generating additional income for small businesses and serving as a platform for learning about wholesale procedures and inventory management. These retail ventures also contribute to the organization's financial sustainability while promoting the Nh Made brand and the "Buy Local New Hampshire" magazine. Overall, Nh Made aims to strengthen local businesses and cultivate a strong sense of pride in New Hampshire-made products.
Official website here: www.nhmade.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating
New Hampshire Stories Inc, operating as NH Made, has received a Three-Star rating from Charity Navigator, reflecting an overall score of 82%. This score is primarily based on the organization's performance in Accountability & Finance, where it achieved a strong score of 82. This indicates that NH Made has demonstrated a commitment to financial transparency and responsible management of its resources.
Among the highlights of NH Made's performance are its fully independent board, which consists of 12 members, and a solid program expense ratio of 70.03%. The organization has established robust policies such as conflict of interest, whistleblower, and document retention, demonstrating good governance practices. However, the organization faces challenges with a liabilities to assets ratio of 165.85%, which may indicate financial strain or high debt relative to its assets.
While NH Made showcases notable strengths in its governance and financial accountability, stakeholders should be mindful of its financial health as indicated by the liabilities assessment. Overall, the organization seems well-structured, but the financial metrics warrant attention for future stability.
This AI summary has been generated from information found on Charity Navigator.
Is New Hampshire Stories Inc legitimate?
New Hampshire Stories Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Hampshire Stories Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $130,757
For more financial information, click here
Official website here: www.nhmade.com
What is the mission statement of New Hampshire Stories Inc?
New Hampshire Stories Inc Dba Nh Made's mission is primarily focused on increasing the recognition and demand for locally produced goods and services. The organization offers support programs to help local businesses grow, enhancing their access to marketing platforms through collaborative initiatives. Additionally, they provide networking and business development assistance to their membership. Their retail outlets, in partnership with the New Hampshire Liquor Commission, offer exposure and sales opportunities for local businesses, generating income and serving as a platform for learning in areas such as product presentation, pricing, and inventory management. These retail outlets also contribute to the organization's financial stability and help promote the recognition and demand for New Hampshire-made products.
Official website here: www.nhmade.com
Who is the CEO of New Hampshire Stories Inc?
Steve Zyck is the Chair of New Hampshire Stories Inc.
Official website here: www.nhmade.com
What is the revenue of New Hampshire Stories Inc?
New Hampshire Stories Inc's revenue in 2022 was $80,557.
Official website here: www.nhmade.com
Who are the executives of New Hampshire Stories Inc and what are their salaries?
The average compensation at New Hampshire Stories Inc during 2022 was $26,151. There are 5 employees at New Hampshire Stories Inc.
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Official website here: www.nhmade.com
Where can I find the form 990 for New Hampshire Stories Inc?
New Hampshire Stories Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nhmade.com
Learn more at the official website: www.nhmade.com
Mission Statement of New Hampshire Stories Inc
New Hampshire Stories Inc Dba Nh Made, a nonprofit organization, is committed to boosting the visibility and demand for locally produced goods and services in New Hampshire. Its mission encompasses three key objectives. Firstly, it aims to raise awareness and stimulate interest in New Hampshire-made products. Secondly, it provides essential support programs to help local businesses grow and thrive. Lastly, it strives to expand access to marketing opportunities through collaborative efforts and offers networking and business development assistance to its membership.
To achieve these objectives, New Hampshire Stories Inc Dba Nh Made operates retail stores, known as "New Hampshire Stories," in strategic locations through a partnership with the New Hampshire Liquor Commission. Sales from these stores not only generate additional income for small businesses but also offer valuable learning opportunities in areas such as product presentation, pricing, wholesale procedures, and inventory management. Moreover, the retail stores contribute financially to the organization, ensuring its sustainability. These stores also serve to promote New Hampshire-made products, increase appreciation for them, and generate demand, thereby advancing the mission of New Hampshire Stories Inc Dba Nh Made.
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Impact
August, 2024
New Hampshire Stories Inc Dba Nh Made's impact is significant in boosting the awareness and demand for New Hampshire-made goods and services. Through its state-wide brand identity program, the organization effectively promotes over 800 members through its website, retail stores, and consumer-focused magazine. By providing retail exposure and learning opportunities for small businesses, NH Made helps local entrepreneurs grow and thrive. Additionally, the organization's collaborative efforts in marketing and business development support contribute to the overall economic growth of the state. NH Made plays a crucial role in fostering a sense of community and appreciation for locally made products, ultimately benefiting both businesses and consumers in New Hampshire.
This information is meant to be a general summary of New Hampshire Stories Inc. 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: $82
- Program Service Revenue: $4,319
- Gross Receipts: $323,793
Assets and Liabilities:
- Total Assets: $300,859
- Total Liabilities: $498,975
- Net Assets: -$198,116
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEERFIELD EXPO
Revenue
$3,036
Organization Details
Founding Year
1997
Phone
(603) 679-9800Principal Officer
Steve Zyck
Main Address
28 DEER STREET SUITE 102, PORTSMOUTH, NH, 03801
Website
www.nhmade.comNTEE Category
Code: P20 - Human services
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