2025-08-14T16:30:39-05:00 2024-12-31 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2024-01-01 874002783 Mark Stebbins Community Center MARK 6037140049 497 Hooksett Road Unit 326 Manchester NH 03104 William G Steele Jr CPA President 6037140049 2025-08-14 1 0 Connor Smart P02285543 2078792100 2025-08-14 2024 2025-03-06 01:10:19Z X William G Steele Jr C 497 Hooksett Road Unit 326 Manchester NH 03104 7307555 0 X markstebbinscommunitycenter.org X 2021 NH A multi-service nonprofit center to bring resources to children and families. 7 7 0 7 0 0 7306607 0 948 0 7307555 0 0 0 4071 101625 217227 221298 7086257 195886 7452349 5501 195886 7446848 Building stronger families and brighter futures for children throughout New Hampshire through generosity, collaboration, and gratitude. 0 0 0 0 0 The Mark Stebbins Community Center (the Center) was incorporated in the state of New Hampshire as a nonprofit corporation in 2021. The Center is located in Manchester, New Hampshire, and will be home to several nonprofit organizations that will provide collaborative services under one roof in an accessible, central location for families and children on the West Side community of Manchester. In its 2024 tax year, the Center focused predominantly on securing funding and resources to begin construction and programs in future years; the construction of the Center is planned to begin during 2025. 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 NH X William G Steele Jr CPA 6037140049 497 Hooksett Road Unit 326 Manchester NH 03104 X Diane Fitzpatrick Director 1.00 X 0 0 0 John Lynch Director 1.00 X 0 0 0 Kris McCracken Director 1.00 X 0 0 0 Henry Stebbins Director 1.00 X 0 0 0 William G Steele Jr CPA President 1.00 X X 0 0 0 Oreste J Mosca CPA Treasurer 1.00 X X 0 0 0 W Stephen McMahon Secretary 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 11203 179678 7115726 7306607 948 948 7307555 0 0 948 8437 8437 4071 4071 161928 109043 52885 44669 44669 684 684 1509 1509 221298 0 119673 101625 195886 4099214 2935648 417487 0 417487 195886 7452349 5501 0 5501 X 195886 7446848 195886 7446848 195886 7452349 7086257 164705 0 X X 0 1 X 1 0 X 0 0 36550 7306607 7343157 36550 7306607 7343157 4189594 3153563 948 948 7344105 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 500000 500000 0.00000 1.00000 0.00000 0 0 417487 417487 417487 X 7532115 224560 224560 7307555 0 7307555 281153 59855 59855 221298 0 221298 Part V, Line 4: During its 2024 tax year, the Organization received a gift of $500,000 to be permanently restricted as an endowment. The original $500,000 contribution is to remain restricted in perpetuity. Earnings on the permanently restricted endowment are themselves unrestricted and may be used in furtherance of the Organization's general operations and charitable mission as the Organization deems appropriate. Part X, Line 2: The Center is exempt from federal and state income tax under section 501(c)(3) of the Internal Revenue Code. The Center qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation. Accordingly, no provision for income taxes has been recorded in the financial statements. Tax-exempt organizations could be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items including unrelated business income or tax status. Under guidance issued by the Financial Accounting Standards Board (FASB), 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. The Center has evaluated the position taken on its filed tax returns. The Center has not taken, nor does it expect to take, any uncertain tax positions in any income tax return. Form 990, Schedule D, Parts XI and XII; and Form 990, Part XI: The Center's financial statements included $224,560 of contributed nonfinancial assets, due to the receipt of gifted services. During 2024, associated expenses recorded totaled $59,855 related to advertising and professional services, and donor-restricted contributed nonfinancial assets totaling $164,705 have been included as additions to property and equipment. On this tax return, all $224,560 has been reported as donated services not included in revenue on Form 990, Line 12. Additionally, the $59,855 has been reported as donated services not included in total expenses on Form 990, Line 25. The remaining difference of $164,705 in donated services that was capitalized to the Organization's fixed asset accounts is reported on this tax return as an Other Net Asset Adjustment on this Form 990, Part XI. Form 990, Part VI, Section B, line 11b The Form 990 is prepared with the assistance of an independent CPA firm, who coordinates with the Organization's Board and advisors to ensure the tax return is complete and accurate prior to its finalization. Additionally, a complete copy of the Form 990 is circulated among the entire Board prior to the tax return's filing with the IRS. Form 990, Part VI, Section B, line 12c Should any item come before the Board that might result in a Director having or appearing to have a conflict of interest either by occupation, place of residence or other holdings, or any other interest, the Director shall make his/her personal interest known to the Board as soon as he/she recognizes a possible conflict and shall refrain from voting on matters regarding the issue. In addition to the conflict of interest provisions of the Organization's bylaws, the Board shall adopt a Conflicts of Interest Policy and policy for dealing with "pecuniary benefit transactions" in conformity with New Hampshire RSA 7:19-a. Each Director, prior to taking a position on the Board, and all present Directors shall submit in writing to the President or the President's designee a list of all businesses or other organizations of which the Director is an officer, director, trustee, member, owner (either as sole proprietor or partner), shareholder, employee or agent, with which the Corporation has, or might reasonably in the future enter into, a relationship or a transaction in which the Director would have conflicting interests. This information shall be updated annually and shall cover the same information for members of Directors' immediate families, as well. At such time as any matter comes before the Board in such a way as to give rise to consideration of a pecuniary benefit transaction involving a Director or member of the Director's family, the affected Director shall make known the potential conflict, whether disclosed by his written statement or not, and after answering any questions that might be asked him, shall withdraw from the meeting for so long as the matter shall continue under discussion. Should the matter be brought to a vote, neither the affected Director nor any other Director who has had a pecuniary benefit transaction in the same fiscal year shall vote on it. Form 990, Part VI, Section B, line 15 While the Center retains policies and procedures for compensating its officers or hired executives, as of the filing of this tax return, the Center has no employees, has not paid any compensation or offered any benefits to its officers or directors, or engaged any outside professionals to serve as an executive of the Center. Accordingly, this Form 990, Part VI, Lines 15a and 15b have been answered "No." Directors of the Center shall not receive any compensation for their services as Directors, though they may be reimbursed for incidental expenses incurred in carrying out their duties as Directors or attending Board meetings. Additionally, in accordance with the Organization's bylaws, if the President of the Organization also becomes an employee of the Organization at some future date, the President shall be entitled to receive reasonable compensation in return for his/her services as President, and may also be reimbursed for incidental expenses in carrying out his/her duties as President or attending Board meetings. Other officers of the Organization, except the Chairperson, may also receive reasonable compensation for carrying out their duties, subject to the Organization Conflicts of Interest Policy. Form 990, Part VI, Section C, line 19 Mark Stebbins Community Center provides copies of its governing documents, conflict of interest statement, and financial statements upon request. Form 990, Part XII, Line 2c: During its 2024 tax year, the Organization engaged a new independent public accounting firm, Baker Newman Noyes, to perform an audit of the Organization's financial statements and to assist in the subsequent preparation and filing of the Organization's annual Form 990. The audit was subject to the review and oversight of the Organization's engaged advisors and its Board of Directors prior to its issuance.