2025-01-29T16:31:36-06:00 2024-03-31 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2023-04-01 020234385 League of New Hampshire Craftsmen Inc LEAG 6032243375 49 South Main Street 100 Concord NH 03301 Kate Saunders Interim Executive Director 6032243375 2025-01-28 1 0 Connor Smart P02285543 2078792100 2025-01-28 2023 2025-03-06 01:10:19Z Beth Mulleavey 49 South Main Street 100 Concord NH 03301 1689554 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. 11 11 33 162 0 0 279379 260474 1010175 946662 20467 51914 84596 105917 1394617 1364967 35985 32297 0 0 431765 440113 0 0 101157 844729 906663 1312479 1379073 82138 -14106 3123200 3308920 364572 447848 2758628 2861072 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. 0 0 623281 17776 938036 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. 121883 10550 54989 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. 33059 3971 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. 778223 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 36 0 1 33 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 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 Chris Archer Director 1.00 X 0 0 0 Donna Zils Banfield Director 1.00 X 0 0 0 Patience Carlier Director (end 7/2023) 1.00 X 0 0 0 Kathleen Dillon Director 1.00 X 0 0 0 Andy Hampton Director (start 1/2024) 1.00 X 0 0 0 Zachary Jonas Director (start 9/2023) 1.00 X 0 0 0 Karen Lyle Director 1.00 X 0 0 0 John MacLean Director (end 7/2023) 1.00 X 0 0 0 Tom McGurrin Director (end 10/2023) 1.00 X 0 0 0 Sarah Parrish Director (end 7/2023) 1.00 X 0 0 0 Susan Ryan Director (end 7/2023) 1.00 X 0 0 0 Grayson Shepard Director (start 9/2023) 1.00 X 0 0 0 Sarah Sullivan Director (start 9/2023) 1.00 X 0 0 0 Amee Sweet-McNamara Director (end 7/2023) 1.00 X 0 0 0 Beth Mulleavey Chair 2.00 X X 0 0 0 Patrick Ellis Interim Vice Chair & Treasurer 2.00 X X 0 0 0 Jacob Marvelley Secretary (end 7/2023) 2.00 X X 0 0 0 Dan Rich Secretary (start 9/2023) 2.00 X X 0 0 0 Miriam Carter Executive Director 40.00 X 104981 0 19324 104981 0 19324 1 0 0 0 0 105090 64778 90606 260474 Annual Craft Fair 711300 938036 938036 Art/Craft Galleries 711300 8626 8626 946662 39504 39504 43924 43924 2326 0 2326 2326 2326 170308 154411 3487 15897 -3487 12410 12410 13304 0 13304 13304 213052 166689 46363 46363 1364967 993025 0 111468 17776 17776 14521 14521 124305 67746 56559 268391 146274 122117 4786 2608 2178 14422 7860 6562 28209 15374 12835 103956 103956 8328 8328 29389 29389 143855 38116 4582 101157 95133 28758 66375 3723 3723 85952 23322 62630 11505 4885 6620 3206 846 2360 49351 8483 40868 22054 22054 Venue Services 198041 198041 Retail Galleries 121883 121883 Ticket Fees 30287 30287 1379073 778223 499693 101157 800097 462573 90651 122993 102808 92945 14549 12734 21156 26994 1776397 501844 1292126 1274553 668070 1180945 113260 114700 20483 20483 3123200 3308920 97709 102095 266863 345753 364572 447848 X 2452116 2557237 306512 303835 2758628 2861072 3123200 3308920 -14106 89304 27246 0 X X 0 1 X 1 0 X 344298 617070 476803 279379 260474 1978024 1019019 119595 966873 1049311 993025 4147823 1363317 736665 1443676 1328690 1253499 6125847 10152 1455 2180 2140 3460 19387 0 10152 1455 2180 2140 3460 19387 6106460 110951 48315 75224 69244 85754 389488 110951 48315 75224 69244 85754 389488 13304 13304 1474268 784980 1518900 1397934 1352557 6528639 0.93530 0.93940 0.05970 0.05610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 306512 2405 21426 26508 303835 286538 61512 -14507 27031 306512 307274 -736 20000 286538 0.00000 0.31750 0.68250 0 0 1533267 262758 1270509 243130 239086 4044 1274553 X 1613078 89304 27246 170176 286726 1326352 8328 30287 38615 1364967 1510634 170176 170176 1340458 8328 30287 38615 1379073 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 166,689. Loss on sale of fixed assets 3,487. Part XI, Line 4b - Other Adjustments: Ticket fees net of revenues 30,287. Part XII, Line 2d - Other Adjustments: Cost of goods sold 166,689. Loss on sale of fixed assets 3,487. Part XII, Line 4b - Other Adjustments: Ticket fees net of revenues 30,287. 1 Nashua Fine Crafts Gallery 98 Main Street Nashua NH 03060 9200 0 Gallery assistance grant 0 1 Annual Craft Fair Awards 43 14521 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. Tom McGurrin Board Member 300 Grant award Best in Precious Jewelry 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 Tom McGurrin, a current Board Member, $300 as a prize for winning the Best in Precious Jewelry Award as part of the League's annual craft fair and arts and crafts promotion activities. Mr. McGurrin was chosen to win this prize by an independent selection committee. The committee was composed of non-voting members of the League, who were independent of Mr. McGurrin 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 VI, Section A, line 4 The Organization's Articles of Agreement were amended in May 2023. The previously effective Articles of Agreement were adopted in 1985. As the Organization amended its bylaws in January 2023, the Articles were accordingly updated to bring them into alignment with the newest and effective bylaws. As the changes to the bylaws occurred in January 2023, any such significant changes to those governing documents were disclosed on the prior year Form 990 for the period ending March 31, 2023. Significant changes and amendments to the Articles of Agreement, as revised and effective this filing period (May 2023, within this tax year ending March 31, 2024), were as follows: 1. The amended Articles update the name of the Organization to match the name as reported on its filed tax return: The League of New Hampshire Craftsmen, Inc. 2. The amended Articles updated the purpose and mission statement of the Organization to read as follows: The purpose for which the Corporation is established is to promote the arts in New Hampshire by fostering the creation of handcrafted objects of aesthetic and functional value by: (A) Providing education and training in the creation of such objects; and (B) Expanding the knowledge and enhancing the appreciation of fine craft objects by the public. 3. The amended Articles revised the narrative for how, when, and why the Organization's assets are to be distributed upon dissolution. The current dissolution doctrine states that in the event of the dissolution of the League, the League's assets shall be distributed to such organization(s) as the Board of Directors shall determine appropriate, provided such organization(s) is/are exempt under Section 501(c)(3) and that such recipient-organization is able to adequately carry on the exempt purpose of the League. 4. The amended Articles formally establish conditions of membership and the composition of the Board of Directors, to bring the bylaws into parity with the recently revised bylaws. Specifically, the amended Articles state that Membership in the League shall be open to all persons. The determination of classes of membership and the eligibility, benefits, responsibilities, and privileges of membership, shall be determined from time to time by the Board of Directors. 5. The amended Articles stipulate that the Board shall consist of not fewer than 11 nor more than 19 persons. The amended Articles establish the conditions and compositions by which individuals may fill these positions. 6. The amended Articles stipulate that each Director-at-Large shall serve for a term of three years, or until a successor is elected, and that no less than six Directors-at-Large shall be elected in any one year except as necessary to fill a vacancy. 7. The amended Articles establish that the Board of Directors shall be authorized to adopt and amend the Organization's bylaws as deemed fit to carry on the Organization's exempt purpose. 8. The amended Articles explicitly names each type of officer that may serve on the Board (Chair, Vice Chair, Secretary, and Treasurer), and establishes that such officers must be members of the League and be elected to the officer-position by members of the League. The 9. The amended Articles establish that election to the Board of Directors shall be based on nominations made to the nominating committee or by petition signed by at least 10 voting members, and that Directors shall be elected by then-current voting members in good standing. 10. The amended Articles establish that a quorum at any special or the annual meeting of the League shall consist of at least twenty-five voting members. 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. 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. 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 XII, Line 2c: The audit process has not changed from the prior year.