2024-11-26T07:00:38-06:00 2023-06-30 020327524 NATHAN WECHSLER & COMPANY PA 70 COMMERCIAL STREET 4TH FLOOR CONCORD NH 03301 990 2022-07-01 237225952 LISTEN LEBANON IN SERVICE TO EACH NEIGHBOR LIST 6034484553 60 HANOVER STREET LEBANON NH 03766 KEN WELLS BOARD CHAIR 6033590347 2024-11-25 1 1 KELLI D'AMORE P01402985 6032245357 2024-11-25 2022 2024-10-15 13:58:12Z X LISTEN INC KEN WELLS 60 HANOVER STREET LEBANON NH 03766 9932901 0 X WWW.LISTENCS.ORG X 1973 NH TO PROVIDE SERVICES AND SUPPORT TO MEET CRITICAL NEEDS OF UPPER VALLEY INDIVIDUALS AND FAMILIES 7 7 107 737 0 0 5596118 5516996 0 4287422 -14247 7806 348964 119155 5930835 9931379 0 0 0 0 3238514 3436125 0 0 246212 1457067 6290903 4695581 9727028 1235254 204351 8682662 8911788 2320730 2331173 6361932 6580615 TO PROVIDE SERVICES AND SUPPORT TO MEET CRITICAL NEEDS OF UPPER VALLEY INDIVIDUALS AND FAMILIES 0 0 8891051 4406577 COMMUNITY SERVICES - LISTEN OPERATES THREE THRIFT STORES WITHIN THE UPPER VALLEY OF VERMONT AND NEW HAMPSHIRE. THE STORES, IN CONJUCTION WITH DONOR FINANCIAL SUPPORT, FUND A RANGE OF CRITICAL SERVICES THAT INCLUDE, FUEL AND ELECTRICITY ASSISTANCE, RENT ASSISTANCE GRANTS, COMMUNITY DINNERS, SUMMER LUNCH PROGRAMS, A FOOD SHELF, BUDGET COUNSELING FINANCIAL COACHING, SUMMER CAMP SCHOLARSHIPS, AND CASE MANAGEMENT. ALSO, LISTEN PROVIDES VOUCHERS TO THOSE WHO CANNOT AFFORD BASIC NECESSITIES. 8891051 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 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 1 9 0 1 107 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 1 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NH X X X JULIE FINDLEY TREASURER 6034484553 60 HANOVER STREET LEBANON NH 03766 JAY BENSON CHAIR 2.00 0.00 X X 0 0 0 KEN WELLS VICE CHAIR 2.00 0.00 X X 0 0 0 APRIL HARKNESS SECRETARY 2.00 0.00 X X 0 0 0 RICHARD GREEN TREASURER 2.00 0.00 X X 34244 0 0 SARAH LORD BOARD MEMBER 1.00 0.00 X 0 0 0 JULIE FINDLEY BOARD MEMBER 1.00 0.00 X 0 0 0 STEVE MONTEVERDI BOARD MEMBER 1.00 0.00 X 0 0 0 LYNNE GOODWIN BOARD MEMBER 1.00 0.00 X 0 0 0 ROB ROY MCGREGOR EXECUTIVE DIRECTOR 40.00 0.00 X 0 0 0 34244 0 0 0 0 0 0 0 25765 5491231 4307767 5516996 THRIFT STORE REVENUE 456199 4287422 4287422 4287422 8501 8501 827 0 1522 827 -1522 -695 -695 GAIN ON NONRECURRING I 524298 119155 119155 119155 9931379 4406577 0 7806 146180 124311 17700 4169 2636001 2238493 322146 75362 425212 367941 45531 11740 228732 195616 27066 6050 1421 178 637 606 14259 1789 6393 6077 116747 14643 52346 49758 55830 6786 56 48988 222832 200978 3921 17933 221410 210440 5957 5013 51577 50824 753 21163 19282 470 1411 73544 73373 149 22 210473 199799 5337 5337 90677 84995 3349 2333 THRIFT STORE PROGRAM SU 4442259 4442259 HEATING HELPERS 228268 228268 OTHER THRIFT STORE PROG 188187 188187 HOUSING HELPERS 147991 147991 204265 94898 97954 11413 9727028 8891051 589765 246212 64841 130638 1548978 1522695 45000 0 102654 298490 463473 483817 29835 8212566 1851846 6457716 6360720 0 85593 8682662 8911788 216483 217480 0 30840 2077674 1997260 26573 85593 2320730 2331173 X 5941932 6330615 420000 250000 6361932 6580615 8682662 8911788 204351 14332 0 X 0 1 X 1 0 X 2681750 3238443 3803179 5192936 1209224 16125532 2681750 3238443 3803179 5192936 1209224 16125532 16125532 270 302 291 670 107 1640 16127172 0.99990 0.99450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 1197406 1197406 6562041 1683620 4878421 453119 168226 284893 6360720 OPERATING LEASE LIABILITIES 85593 85593 X 9945711 14332 14332 9931379 0 9931379 9632287 0 9632287 94741 94741 9727028 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DESCRIBED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF FASB ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ACCORDINGLY, MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THE ORGANIZATION HAD MAINTAINED ITS TAX-EXEMPT STATUS, DOES NOT HAVE ANY SIGNIFICANT UNRELATED BUSINESS INCOME AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OR DISCLOSURE IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL OR STATE TAX AUTHORITIES FOR TAX YEARS BEFORE 2020. PART XII, LINE 4B - OTHER ADJUSTMENTS: NONRECURRING EXPENSES PART X LINE 2 THE ORGANIZATION HAS BEEN NOTIFIED BY THE INTERNAL REVENUE SERVICE THAT IT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS FURTHER CLASSFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(1)(3) OF THE CODE. THE MOST SIGNIFICANT TAX POSITIONS OF THE ORGANIZATION ARE ITS ASSERTION THAT IS EXEMPT FROM INCOME TAXES AND ITS DETERMINATION OF WHETHER ANY AMOUNTS ARE SUBJECT TO UNRELATED BUSINESS TAX (UBIT). THE ORGANIZATION FOLLOWS GUIDANCE OF ACCOUNTING STANDARDS CODIFICATION (ASC) 740, ACCOUNTING FOR INCOME TAXES, RELATED TO UNCERTAIN INCOME TAXES, WHICH PRESCRIBES A THRESHOLD OF MORE LIKELY THAN NOT FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. ALL SIGNIFICANT TAX POSITIONS HAVE BEEN CONSIDERED BY MANAGEMENT. IT HAS BEEN DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ALL TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. ACCORDINGLY, NO PROVISIONS FOR INCOME TAXES HAS BEEN RECORDED. X 0 0 0 0 0 0 0 0 0 X 4307767 THRIFT VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 5 DURING 2022, THE ORGANIZATION BECAME AWARE OF MISAPPROPRIATION OF ASSETS BY ITS FORMER EXECUTIVE DIRECTOR. THE AMOUNT OF MISAPPROPRIATION IDENTIFIED THROUGH AUGUST 31, 2022 WAS CALCULATED TO BE $281,606. THE ORGANIZATION'S INSURANCE COVERAGE WAS DEEMED ADEQUATE TO COVER A PORTION OF THE LOSS. ON JULY 19, 2023 THE ORGANIZATION RECEIVED $252,227 FROM ITS INSURANCE COMPANY TO REIMBURSE THE LOSS THEREFORE, THIS AMOUNT WAS RECORDED AS OTHER RECEIVABLE AND INCLUDED IN THE STATEMENT OF FINANCIAL POSITION. ON JULY 22, 2024, THE FORMER EXECUTIVE DIRECTOR WAS SENTENCED AND ORDERED TO PAY RESTITUTION OF $239,297, DIVIDED BETWEEN LISTEN AND ITS INSURANCE COMPANY AS FOLLOWS: $29,378 TO LISTEN AND $209,919 TO THE INSURANCE COMPANY. THE ORDER INCLUDED A LUMP-SUM PAYMENT OF $25,000 TO BE PAID DIRECTLY TO LISTEN WITHIN 30 DAYS OF SENTENCING. THE REMAINDER IS TO BE PAID AT A RATE OF $500 PER MONTH, SUBJECT TO REASSESSMENT BY THE COURT, DIVIDED PROPORTIONATELY BETWEEN LISTEN AND THE INSURANCE COMPANY FORM 990, PART VI, SECTION B, LINE 11B THE BOARD CHAIR AND EXECUTIVE DIRECTOR OF THE ORGANIZATION REVIEW THE TAX RETURN BEFORE IT IS SIGNED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C WRITTEN CONFIRMATION OF COMPLIANCE WITH CONFLICT OF INTEREST POLICY IS OBTAINED FROM OFFICERS AND DIRECTORS AS PART OF THE ANNUAL AUDIT PROCESS. FORM 990, PART VI, SECTION B, LINE 15 KEY EMPLOYEE SALARIES ARE REVIEWED ANNUALLY AS PART OF THE BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE PUBLIC MAY REVIEW FORMS 990 AND AUDITED FINANCIAL STATEMENTS AND ANNUAL MEETING MINUTES UPON REQUEST. THE ORGANIZATION WILL ALSO MAIL COPIES OF THESE DOCUMENTS UPON REQUEST.