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Nonprofiteer
← NANTUCKET GOLF CLUB FOUNDATION INC

Form 990 for tax year 2022

Filed by NANTUCKET GOLF CLUB FOUNDATION INC.

Totals

Total revenue
$3,762,593
Total expenses
$1,958,931
Contributions and grants received
$1,104,217
Grants paid
$1,279,664
Program service revenue
$0
Investment income
-$501,677
Other revenue
$3,160,053
Total assets, end of year
$11,035,011
Total liabilities, end of year
$102,500
Net assets or fund balances, end of year
$10,932,511
Program services expenses (Part IX)
$1,386,978
Management and general expenses
$16,964
Fundraising expenses
$554,989
Program service expenses (Part III)
$1,386,978

Program services were 70.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,104,217

  • 3 · Investment income

    total -$501,677 · related or exempt -$501,677

  • 8a · Fundraising events: gross income

    $3,518,638

  • 8a · Fundraising events: contributions included on line 1c

    $1,104,217

  • 8b · Fundraising events: direct expenses

    $358,585

  • 8c · Net income from fundraising events

    total $3,160,053 · excluded $3,160,053

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $315,202 · program services $315,202

  • 2 · Grants to domestic individuals

    total $964,462 · program services $964,462

  • 24a · Other expenses: SCHOLAR EXPENSES

    total $107,314 · program services $107,314

  • 24b · Other expenses: GRANT EXPENSES

    total $8,853 · management and general $8,853

  • 24c · Other expenses: MISCELLANEOUS

    total $8,111 · management and general $8,111

  • 24d · Other expenses: TOURNAMENT EXPENSES

    total $554,989 · fundraising $554,989

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $9,366,332 · end of year $10,180,360

  • 3 · Pledges and grants receivable

    beginning of year $216,916 · end of year $840,400

  • 9 · Prepaid expenses and deferred charges

    beginning of year $100 · end of year $14,251

  • 17 · Accounts payable and accrued expenses

    beginning of year $454,500 · end of year $102,500

  • 31 · Retained earnings, endowment or other funds

    beginning of year $9,128,848 · end of year $10,932,511

Mission and programs · 2022

Mission

SUPPORT LOCAL 501(C)(3) ORGANIZATIONS AND SUPPORT PROGRAMS THAT AWARD SCHOLARSHIP GRANTS IN THE FIELD OF EDUCATION.

  • SUPPORTED LOCAL 501(C)(3) ORGANIZATIONS AND SUPPORTED PROGRAMS THAT AWARD SCHOLARSHIP GRANT IN THE FIELD OF EDUCATION.

    Expenses $1,386,978

As filed on the 2022 return.

Listed in Part VII

  • Alastair M Borthwick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Edmund A Hajim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Frederick D Green

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Thomas J Bresette

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Rebecca Bartlett

    TREASURER

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349327755

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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