Form 990 for tax year 2025
Filed by THE GREAT HARBOR YACHT CLUB FOUNDATION INC.
Totals
- Total revenue
- $751,989
- Total expenses
- $557,660
- Contributions and grants received
- $609,163
- Grants paid
- $297,731
- Program service revenue
- $0
- Investment income
- $166,738
- Other revenue
- -$23,912
- Total assets, end of year
- $3,851,940
- Total liabilities, end of year
- $11,498
- Net assets or fund balances, end of year
- $3,840,442
- Program services expenses (Part IX)
- $354,581
- Management and general expenses
- $203,079
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $354,581
Program services were 63.6% 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
$368,600
-
1f · All other contributions, gifts and grants
$240,563
-
3 · Investment income
total $86,724 · excluded $86,724
-
7a · Gross sales of assets other than inventory
securities $162,903
-
7b · Less cost or other basis and sales expenses
securities $82,889
-
7c · Gain or loss
securities $80,014
-
7d · Net gain or loss
total $80,014 · excluded $80,014
-
8a · Fundraising events: gross income
$338,163
-
8a · Fundraising events: contributions included on line 1c
$368,600
-
8b · Fundraising events: direct expenses
$367,475
-
8c · Net income from fundraising events
total -$29,312 · excluded -$29,312
-
11a · Other revenue: OTHER REVENUE
total $5,400 · related or exempt $5,400
-
11e · Other revenue, total
$5,400
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $297,731 · program services $297,731
-
11a · Fees: management
total $157,029 · management and general $157,029
-
11c · Fees: accounting
total $9,225 · management and general $9,225
-
12 · Advertising and promotion
total $14,443 · management and general $14,443
-
13 · Office expenses
total $16,391 · management and general $16,391
-
17 · Travel
total $4,266 · management and general $4,266
-
23 · Insurance
total $1,725 · management and general $1,725
-
24a · Other expenses: OTHER PROGRAM EXPENSES
total $56,850 · program services $56,850
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $152,154 · end of year $74,294
-
2 · Savings and temporary cash investments
beginning of year $3,227,474 · end of year $3,708,936
-
3 · Pledges and grants receivable
beginning of year $61,936 · end of year $58,710
-
9 · Prepaid expenses and deferred charges
beginning of year $1,500 · end of year $10,000
-
17 · Accounts payable and accrued expenses
beginning of year $842 · end of year $11,498
-
27 · Net assets without donor restrictions
beginning of year $3,422,222 · end of year $3,840,442
-
28 · Net assets with donor restrictions
beginning of year $20,000 · end of year $0
Mission and programs · 2025
Mission
THE PURPOSE OF THE CORPORATION IS TO ACT AS A NOT-FOR-PROFIT ORGANIZATION WITH A PRIMARY MISSION OF PROMOTING THE HEALTH OF NANTUCKET ISLANDS HARBOR AND ITS MARINE ECOSYSTEM. THE CORPORATION WILL WORK WITH THE NANTUCKET DEPARTMENT OF NATURAL RESOURCES AND OTHER GOVERNMENTAL AND NONGOVERNMENTAL ORGANIZATIONS, GROUPS AND INDIVIDUALS IN FURTHERANCE OF ITS PRIMARY MISSION AND OTHER ACTIVITIES. THE CORPORATION MAY SOLICIT DONATIONS, MAKE GRANTS AND OTHERWISE ENGAGE IN ANY AND ALL ACTIVITIES PERMITTED TO A NOT-FOR-PROFIT CORPORATION WHETHER IN FURTHERANCE OF ITS MISSION OR OTHER CHARITABLE ENDEAVORS, OTHER ACTIONS AS MAY BE NECESSARY OR EXPEDIENT FOR THE ADMINISTRATION OF THE AFFAIRS AND ATTAINMENT OF THE PURPOSES OF THE CORPORATION, AND FOR ALL OTHER ACTIVITIES LEGAL AND CONSISTENT WITH THE OPERATION OF A NON-PROFIT CORPORATION IN THE COMMONWEALTH OF MASSACHUSETTS.
Activities or mission (Part I)
THE ORGANIZATION WILL WORK WITH THE NANTUCKET NATURAL RESOURCES DEPARTMENT AND OTHER ORGANIZATIONS TO PROMOTE THE HEALTH OF NANTUCKET HARBOR AND ITS MARINE ECOSYSTEMS. RECENTLY FUNDED PROJECTS INCLUDED NANTUCKET STORMWATER MONITORING, A HARBOR HEALTH SCORECARD, YOUTH HARBOR EDUCTION PROGRAM, AND OCEAN ACIDIFICATION BUOY. UPCOMING PROJECTS INCLUDE SCALLOP RESEARCH AND MENTORING PROGRAM, EELGRASS MANAGEMENT PLAN, NANTUCKET HARBOR HEALTH INTEGRATION INITIATIVE, MICROPLASTICS STUDY, AMONG OTHERS.
-
THE GREAT HARBOR YACHT CLUB FOUNDATION WAS FORMED IN 2018 AND IS DEDICATED TO THE PROMOTION AND PRESERVATION OF NANTUCKET HARBOR AND ITS MARINE ECOSYSTEM. THE FOUNDATION WILL WORK WITH THE TOWN OF NANTUCKET'S DEPARTMENT OF NATURAL RESOURCES AND OTHERS TO FUND PROJECTS WHICH MIGHT OTHERWISE GO UNFUNDED IN FURTHERANCE OF THE FOUNDATION'S MISSION AND THE TOWN OF NANTUCKET'S STRATEGIC HARBOR PLAN.
Expenses $354,581 · Grants $297,731 · Revenue $5,400
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ed OrensteinED ORENSTEIN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Karen KettererKAREN KETTERER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Chris BrewsterCHRIS BREWSTER
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Paul CollinsPAUL COLLINS
CLERK
- Total calculated
- $0
- Hours/week
- 1
-
Edward BernardEDWARD BERNARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth GerstnerELIZABETH GERSTNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Flip HuffardFLIP HUFFARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeff KrupaJEFF KRUPA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Melinda PuljicMELINDA PULJIC
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joe SmialowskiJOE SMIALOWSKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alicia SeigerALICIA SEIGER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brooke StantonBROOKE STANTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lisa Van Den BornLISA VAN DEN BORN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Elliot GewirtzELLIOT GEWIRTZ
CHAIRMAN EMERITUS
- Total calculated
- $0
- Hours/week
- 1
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
-
TOWN OF NANTUCKET NATURAL RESOURCE DEPT
$95,350
PURCHASE OF A BIOREACTOR FROM INDUSTRIAL PLANKTON FOR THE TOWN OF NANTUCKET
-
$77,500
TO OCEAN ACIDIFICATION BUOY GRANT AND TO SUPPORT SCALLOP RESEARCH AND MENTORSHIP PROGRAM
-
DONATION MADE FOR SUPPORTING OUR YOUTH PROGRAM
-
NANTUCKET FIELD STATION - UMASS
$30,000
DONATION MADE FOR SUPPORTING OUR YOUTH PROGRAM
-
NANTUCKET SHELLFISH ASSOCIATION
$21,000
DONATION MADE FOR SUPPORTING OUR YOUTH PROGRAM
-
UMASS BOSTON SCHOOL FOR THE ENVIRONMENT
$15,581
GRANT: ASSESSING MICROPLASTIC DANGERS IN STORMWATER
-
NANTUCKET COMMUNITY SAILING INC
$10,960
NEW SAILS FOR NHS
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 28 May 2026
- IRS schema version
- 2025v4.1
- Source object
- 202621609349301522
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