2025-08-12T08:55:34-05:00 2025-03-31 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2024-04-01 020234385 League of New Hampshire Craftsmen Inc LEAG 6032243375 49 South Main Street 100 Concord NH 03301 Kate Saunders Executive Director 6032243375 2025-08-12 1 0 Connor Smart P02285543 2078792100 2025-08-12 2024 2025-03-06 01:10:19Z Zachary Jonas 49 South Main Street 100 Concord NH 03301 2044283 0 X www.nhcrafts.org X 1932 NH The mission of the League of NH Craftsmen is to advance, cultivate and champion excellence in fine craft. We envision that through our work: People regard craft as inspirational, meaningful, and relevant to their lives as individuals and as community members. Makers of fine craft are inspired, enriched, supported, and honored. The League is widely respected across New England and the country as a leader in craft. 6 4 46 172 0 0 260474 261820 946662 1028888 51914 66534 105917 32297 1364967 1389539 32297 45332 0 0 440113 533234 0 0 92018 906663 910978 1379073 1489544 -14106 -100005 3308920 3249050 447848 472865 2861072 2776185 X The mission of the League of NH Craftsmen is to advance, cultivate and champion excellence in fine craft. We envision that through our work: People regard craft as inspirational, meaningful, and relevant to their lives as individuals and as community members. Makers of fine craft are inspired, enriched, supported, and honored. The League is widely respected across New England and the country as a leader in craft. 1 1 751486 22950 1022394 The Annual Craftsmen's Fair began in 1933 and runs for nine days, featuring the juried work of approximately 350 members with sales booths, educational workshops, demonstrations, and exhibitions attracting over 20,000 visitors annually. 51914 10150 -26976 The League of New Hampshire Craftsmen's Exhibition Gallery is dedicated to the exhibition of work by its juried members and invited or affiliated craftsmen and artists featuring three to four exhibitions per year, attracting over 2,000 visitors annually. 22169 12232 0 Standards and Education is a jury program that nurtures the development of New Hampshire fine craftsmen together with education programs and grants for non-member craftsmen, lifelong learners and the public. 825569 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 34 0 1 46 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 4 0 0 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 NH X Supporting Strategies co Laura Smith 6032243375 49 South Main Street 100 Concord NH 03301 X Chris Archer Director 1.00 X 0 0 0 Donna Zils Banfield Director (end 7/2024) 1.00 X 200 0 0 Kathleen Dillon Director (end 7/2024) 1.00 X 0 0 0 Andy Hampton Director 1.00 X 0 0 0 Hethre Larivee Director (start 7/2024) 1.00 X 0 0 0 Karen Lyle Director (end 7/2024) 1.00 X 0 0 0 Sarah Sullivan Director (end 7/2024) 1.00 X 0 0 0 Beth Mulleavey Chair (end 7/2024) 2.00 X X 0 0 0 Zachary Jonas Dir.; Chair/Secretary (start 7/24) 2.00 X X 0 0 0 Patrick Ellis Interim VC/Treasurer (end 6/24) 2.00 X X 0 0 0 Beverly Wolf Vice Chair (start 7/2024) 2.00 X X 0 0 0 Grayson Shephard Director; Treasurer (start 7/2024) 1.00 X X 0 0 0 Dan Rich Secretary (end 7/2024) 2.00 X X 0 0 0 Miriam Carter Executive Director (end 9/2024) 40.00 X 120794 0 20144 Kate Saunders Executive Director (start 9/2024) 40.00 X 30175 0 0 151169 0 20144 1 0 0 0 0 105055 64077 92688 14681 261820 Annual Craft Fair 711300 1022394 1022394 Art/Craft Galleries 711300 6494 6494 1028888 48208 48208 43056 43056 2740 694 2046 2046 2046 260486 242160 18326 18326 18326 12370 15060 -2690 -2690 363360 396830 -33470 -33470 Insurance claim 900099 23355 23355 23355 1389539 995418 0 132301 22950 22950 22382 22382 171113 110084 61029 322000 207155 114845 4403 2833 1570 35718 22979 12739 25300 25300 119226 119226 8456 8456 30693 30693 126397 31227 3152 92018 125981 36886 89095 15426 15426 116273 46267 70006 9020 5665 3355 6850 2787 4063 51981 8286 43695 30042 30042 Venue Services 178585 178585 Retail Galleries 51914 51914 Ticket Fees 14834 14834 1489544 825569 571957 92018 462573 415196 122993 90391 92945 74762 12734 11489 26994 19102 1859747 552280 1274553 1307467 1180945 1236295 114700 72723 20483 21625 3308920 3249050 102095 112822 345753 360043 447848 472865 X 2557237 2484036 303835 292149 2861072 2776185 3308920 3249050 -100005 15118 0 X X 0 1 X 1 0 X 617070 476803 279379 260474 261820 1895546 119595 966873 1049311 993025 995418 4124222 736665 1443676 1328690 1253499 1257238 6019768 1455 2180 2140 3460 13270 22505 0 1455 2180 2140 3460 13270 22505 5997263 48315 75224 69244 85754 93310 371847 48315 75224 69244 85754 93310 371847 13304 13304 23355 23355 784980 1518900 1397934 1352557 1373903 6428274 0.93300 0.93530 0.05780 0.05970 X Schedule A, Part III, Line 12, Explanation of Other Income: Insurance claims - 2024 Amount: $ 23,355. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 303835 6400 8440 26526 292149 306512 2405 21426 26508 303835 286538 61512 -14507 27031 306512 307274 -736 20000 286538 0.00000 0.33290 0.66710 0 0 1533267 301090 1232177 276181 251190 24991 50299 50299 1307467 X 1827055 15118 33104 412584 460806 1366249 8456 14834 23290 1389539 1911942 33104 412584 445688 1466254 8456 14834 23290 1489544 Part III, Line 1a: The League maintains a permanent collection of crafts. This collection, which was acquired through purchases and contributions since the organization's inception, is not recognized as an asset on the statement of financial position. Purchases of collection items are recorded as decreases in net assets without donor restrictions in the year in which the items are acquired, or as a decrease in net assets with donor restrictions if the assets used to purchase the items are restricted by donors. Contributed collection items are not reflected on the financial statements. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes. Part V, Line 4: The Organization has a variety of funds with either permanent or temporary restrictions. The majority of these funds are held in a single investment account, the earnings of which are meant to provide income for the maintenance of the Organization. After considering the nature of these funds, the Organization has determined that these assets should be classified as Endowment Funds for purposes of disclosure on its annual Form 990. Temporary or "purpose restricted" funds are held for the purpose of providing education programs and scholarship opportunities; to purchase equipment and to pay for capital improvements; to provide support to emerging arts; to support the community; and to provide funding for Fair Awards. Permanent or "perpetually restricted" funds are to be maintained by the Organization, the gains and income from which are to be used on donor-restricted purposes. The League has adopted investment and spending policies for invested assets that attempt to provide a predictable stream of funding to programs supported by its funds while also maintaining the purchasing power of those assets over the long-term. Such policies also extend to the Organization's endowment funds, and involve the following principles: 1.) Assets are invested in a conservative asset mix that includes fixed income securities, which is intended to result in a consistent inflation-protected rate of return that has sufficient liquidity to make an annual distribution of 5%, while growing the funds if possible. 2.) The League has a policy of appropriating for distribution each year an amount not to exceed 5% of the principal amount of the funds. Part X, Line 2: The League is exempt from both federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code. Tax-exempt organizations could be required to record an obligation for income taxes as the result of a tax position historically taken on various tax exposure items, including unrelated business income or tax status. In accordance with accounting principles generally accepted in the United States of America, assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. Management has evaluated the League's tax positions taken on its filed tax returns and concluded that the League has maintained its tax-exempt status, does not have any significant unrelated business income and has taken no uncertain tax positions that require adjustment to the financial statements. Part XI, Line 2d - Other Adjustments: Cost of goods sold 396,830. Rental expenses 694. Raffle expenses 15,060. Part XI, Line 4b - Other Adjustments: Ticket fees, net of revenues 14,834. Part XII, Line 2d - Other Adjustments: Cost of goods sold 396,830. Rental expenses 694. Raffle expenses 15,060. Part XII, Line 4b - Other Adjustments: Ticket fees, net of revenues 14,834. 1 Nashua Fine Crafts Gallery 98 Main Street Nashua NH 03060 5641 0 Gallery assistance grant North Conway Fine Craft Gallery 2526 White Mountain Highway North Conway NH 03860 5538 0 Gallery assistance grant 0 2 Annual Craft Fair Awards 47 22382 Part I, Line 2: The League of NH Craftsmen promotes arts and crafts in the state by providing opportunities for craft education and exhibitions. The purpose of Craft Education Program Enhancement Grants is to provide supplementary financial assistance to locally raised funds to initiate, improve, or extend craft education programs. Requests for funding up to fifty percent of the total cost of the project will be considered. The application process is competitive and seeks to discover unique opportunities that may be replicated in other communities. To conserve community resources, the League encourages cooperation and collaboration between local craft councils, community groups and craft guilds. Any organization engaged in conducting craft-related education activities may apply for a Craft Education Program Enhancement Grant. Such organizations may include local craft councils, craft guilds, and community-based nonprofit arts organizations. The League will contract with local craft councils, craft guilds, and community-based arts organizations to implement the Craft Education Program Enhancement Project. Grant funds may be matched via co-sponsored programs such as: Adult Education Centers, Local Museums, Cultural Centers, Area Arts Councils, or School Departments. By 1932, The League of New Hampshire Arts and Crafts had been established, and the first official League shop was opened in Wolfeboro. The following year, the first Craftsmen's Fair was held, making it the oldest craft fair in the country. As part of this annual fair, area artisans enter a myriad of craft and artwork to be evaluated by fair attendees and judges. Best-in-show submissions may be eligible for monetary awards and recognition. Hethre Larivee Board Member 750 Grant award Stevens Glass Award (Craft Fair Award) Andy Hampton Board Member 300 Grant award Best in Functional Ceramics Award (Craft Fair Award) Form 990, Schedule L, Part III, Grants to Interested Persons: During the period covered by this Form 990, the League of New Hampshire Craftsmen (the "League") paid the following grants to persons who are serving or have served on the League's Board of Directors: - Hethre Larivee received $750 as a prize for winning the Stevens Glass Award as part of the League's annual craft fair and arts and crafts promotion activities. - Andy Hampton received $300 as a prize for winning the Best in Functional Ceramics Award as part of the League's annual craft fair and arts and crafts promotion activities. Ms. Larivee and Mr. Hampton were chosen to win these prizes by an independent selection committee. The committee was composed of non-voting members of the League, who were independent of Ms. Larivee and Mr. Hampton and the League's Board. The judges composing the award selection jury and who were chosen to sit on this committee due to their personal history, expertise, and knowledge of fine arts and craftwork. All judges selecting award winners made their choices based on an anonymous review of the artwork submitted; judges did not know who created the pieces they were judging until after all awards were selected and final. Form 990, Part III, line 2 On August 16, 2024, the League of New Hampshrie Craftsmen (the "League") entered into an agreement to assume ownership of the Concord Fine Craft Retail Gallery, a previously separate and unrelated entity. The League of NH Craftsmen Concord Fine Craft Gallery, located in the State's capital of Concord, New Hampshire, showcases a diverse collection of traditional and contemporary fine craft. The Gallery features exquisite handmade crafts created by talented artisans, offering a unique blend of both traditional and contemporary craftsmanship. Visitors can explore a wide range of craft, including ceramics, handblown glass, jewelry, prints, textiles, woodwork and more, all created with precision and artistry. Form 990, Part III, line 3 After 15 wonderful years, the Nashua Fine Arts Gallery website is closed as of December 31, 2024, and the in-person gallery closed on January 5, 2025. While this particular location and service-area for the Organization has closed, the Organization will continue to support artists through the League Gallery network and at the Annual Craftsmen's Fair. Form 990, Part VI, Section A, line 4 The Organization's bylaws were amended in February 2025 in the following significant ways: 1. The amended bylaws state that the total number of Directors at any one time shall be not fewer than five (5) nor more than twelve (12). The previous bylaws stated that the total number of Directors at any one time shall be not fewer than five (5) nor more than nineteen (19). 2. The amended bylaws state the Organization's officers shall serve for terms of two (2) years. The previous bylaws stated that officers shall serve for a term of one (1) year. Form 990, Part VI, Section A, line 6 The membership of the Organization shall consist of the juried artists and supporting members. Form 990, Part VI, Section A, line 7a The membership of the Organization shall consist of the juried artists and supporting members, and the elected members of the Board of Directors are either juried or supporting members; a Director's terms begin upon annual election by membership. Appointments to fill vacancies do not constitute a term. The Board of Directors elect the Board's Officers and determines who to hire or release as the Organization's Executive Director. Aside from non-Director members who may serve on nominating or executive committees (who may provide input but who may not vote), non-Director members do not influence Officer or Exectuve appointments. Form 990, Part VI, Section A, line 7b The membership of the Organization shall consist of the juried artists and supporting members, and the elected members of the Board of Directors are either juried or supporting members. Non-Director members cannot vote directly on Board governance or operational decisions. However, non-Director members may serve on and provide input through the Organization's various committees, including its Finance Committee, Education Committee, Events Committee, Advance Committee, Standards Committee, and the Juried Members Advisory Forum. Accordingly, through their ability to both elect the Board of Directors and to serve on the key operational and organizational committees, the membership of the Organization may from time-to-time influence or provide direction for the Organization's governance decisions. Form 990, Part VI, Section B, line 11b The League of New Hampshire Craftsmen's Form 990 is prepared by an indpendent public accounting firm with the assistance of the organization's financial staff. The Board of Trustees reviews Form 990 before it is filed with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c The Organization's bylaws require that all board members and officers disclose any potential conflicts of interest and recuse themselves from voting on any matters where they may have a conflict of interest. Additionally, the Organization has a separate, written, complete Conflict of Interest Policy that all Board Members must comply with. Any new board members or officers are advised of this policy upon entering their duties of office. The Organization's employee handbook states that all employees are required to disclose any potential conflicts of interest. All new employees are required to sign a statement when they are hired that they have read and understand the employee handbook. The Organization's Conflict-of-Interest Policy is intended to comply with all applicable best practices and regulatory requirements, including as pertains to New Hampshire pecuniary benefit reporting obligations. The Organization's Conflict-of-Interest Policy applies to all directors, officers, members of a standing committee of the board, and all employees who can influence the actions of the League of New Hampshire Craftsmen. Each Covered Person shall receive a copy of the policy and shall sign an acknowledgement that he/she has received, understands and shall comply with this policy. Transactions between the League, Covered Persons, or other related parties may be undertaken only if all of the following are observed: 1. A material transaction is fully disclosed; 2. The related party is excluded from the discussion and approval of such transaction, but may provide information if requested to do so; 3. The Board has determined, by the affirmative vote of a 2/3 majority of all disinterested Directors, that the transaction is in the best interest of the League of NH Craftsmen. Disclosure within League of NH Craftsmen should be made to the Board Chair who shall determine whether an apparent conflict exists and is material, and who shall bring such matters, if material to the Board. The Board shall determine whether a conflict exists and is material, and in the presence of an existing material conflict, whether the contemplated transaction may be authorized as just, fair, and reasonable to the League of NH Craftsmen. The decision of the Board on these matters will rest in their sole discretion, and their concern must be the welfare of the League of NH Craftsmen and the advancement of its mission. To address questions of conflict of interest, for the protection of both the individual and the organization, each Covered Person shall submit annually a list of his/her business and charitable affiliations to the Board Chair. This list will be maintained in the corporate records of the League of NH Craftsmen, and considered a matter of public record and will be available for review upon request by the public. Form 990, Part VI, Section B, line 15a The Executive Director's compensation is set, reviewed, and approved by the board of trustees. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part VII, Director Compensation During the period covered by this Form 990, Donna Banfield received $200 for providing a Gathering Gratitute educational demonstration and seminar at the Organization's annual crafts fair. The presentation was considered to be relevant to the Organization's annual fair and in furtherance to the Organization's overall exempt mission and charitable purpose. Additionally, the amount paid to Donna Banfield to provide this presentation was deemed to be at or below fair market value for the services provided. Form 990, Part XII, Line 2c: The audit process has not changed from the prior year.