Form 990 for tax year 2023
Filed by NANTUCKET COMMUNITY MUSIC CENTER.
Totals
- Total revenue
- $438,509
- Total expenses
- $535,429
- Contributions and grants received
- $266,800
- Grants paid
- $12,917
- Program service revenue
- $161,468
- Investment income
- $10,241
- Other revenue
- $0
- Total assets, end of year
- $377,689
- Total liabilities, end of year
- $45,012
- Net assets or fund balances, end of year
- $332,677
- Program services expenses (Part IX)
- $401,964
- Management and general expenses
- $109,638
- Fundraising expenses
- $23,827
- Program service expenses (Part III)
- $401,964
Program services were 75.1% 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.
-
1e · Government grants (contributions)
$8,050
-
1f · All other contributions, gifts and grants
$258,750
-
2a · Program service revenue: TUITION AND FEES
total $128,971 · related or exempt $128,971
-
2b · Program service revenue: CONCERTS AND PROGRAM E
total $32,497 · related or exempt $32,497
-
3 · Investment income
total $8,217 · excluded $8,217
-
7a · Gross sales of assets other than inventory
securities $28,552
-
7b · Less cost or other basis and sales expenses
securities $26,528
-
7c · Gain or loss
securities $2,024
-
7d · Net gain or loss
total $2,024 · excluded $2,024
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $12,917 · program services $12,917
-
5 · Compensation of officers, directors and key employees
total $75,000 · program services $37,500 · management and general $30,000 · fundraising $7,500
-
6 · Compensation of disqualified persons
total $211,608 · program services $197,108 · management and general $14,500
-
10 · Payroll taxes
total $22,598 · program services $18,530 · management and general $3,390 · fundraising $678
-
11c · Fees: accounting
total $33,390 · management and general $33,390
-
11f · Fees: investment management
total $2,032 · management and general $2,032
-
11g · Fees: other
total $9,206 · program services $4,274 · management and general $2,282 · fundraising $2,650
-
12 · Advertising and promotion
total $9,105 · management and general $1,800 · fundraising $7,305
-
13 · Office expenses
total $6,358 · program services $478 · management and general $4,237 · fundraising $1,643
-
14 · Information technology
total $13,971 · program services $10,540 · management and general $1,150 · fundraising $2,281
-
16 · Occupancy
total $18,264 · program services $14,550 · management and general $2,971 · fundraising $743
-
17 · Travel
total $3,298 · program services $3,298
-
19 · Conferences, conventions and meetings
total $3,785 · program services $3,373 · fundraising $412
-
20 · Interest
total $21 · management and general $21
-
22 · Depreciation, depletion and amortization
total $3,765 · program services $3,765
-
23 · Insurance
total $14,302 · program services $9,929 · management and general $3,758 · fundraising $615
-
24a · Other expenses: CONCERTS AND PROGRAM EV
total $78,607 · program services $78,607
-
24b · Other expenses: BANK CHARGES
total $6,673 · management and general $6,673
-
24c · Other expenses: INSTRUMENTS - SUPPLIES
total $5,857 · program services $5,857
-
24d · Other expenses: UNEMPLOYMENT
total $4,632 · program services $1,238 · management and general $3,394
-
24e · All other expenses
total $40 · management and general $40
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $23,667 · end of year $2,386
-
4 · Accounts receivable
beginning of year $1,559 · end of year $1,299
-
9 · Prepaid expenses and deferred charges
beginning of year $7,652 · end of year $1,001
-
10a · Land, buildings and equipment: cost or other basis
$76,318
-
10b · Land, buildings and equipment: accumulated depreciation
$64,243
-
10c · Land, buildings and equipment, net
beginning of year $15,840 · end of year $12,075
-
11 · Investments: publicly traded securities
beginning of year $378,445 · end of year $360,928
-
17 · Accounts payable and accrued expenses
beginning of year $12,558 · end of year $40,012
-
19 · Deferred revenue
beginning of year $9,285 · end of year $0
-
24 · Unsecured notes and loans payable
end of year $5,000
-
27 · Net assets without donor restrictions
beginning of year $348,821 · end of year $289,095
-
28 · Net assets with donor restrictions
beginning of year $56,499 · end of year $43,582
Mission and programs · 2023
Mission
TO ENRICH THE CULTURAL LIFE OF THE ISLAND BY FOSTERING AND SUPPORTING MUSIC EDUCATION AND PERFORMANCE OPPORTUNITIES FOR YOUNG PEOPLE AND ADULTS.
-
PRIVATE AND GROUP MUSIC LESSONS FOR ADULTS AND CHILDREN IN THE NANTUCKET COMMUNITY, PERFORMANCE OPPORTUNITIES FOR STUDENTS, FACULTY, AND ISLAND MUSICIANS; MUSICAL GROUPS, ENSEMBLES, AND VOCAL CHOIRS FOR COMMUNITY MEMBERS. APPROXIMATELY 500 PARTICIPANTS
Expenses $323,357 · Grants $12,917 · Revenue $128,971
-
COMMUNITY CONCERTS
Expenses $78,607 · Revenue $32,497
As filed on the 2023 return.
Listed in Part VII
-
Richard JaycobsRICHARD JAYCOBS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Bess ClarkeBESS CLARKE
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Karen PalmerKAREN PALMER
FINANCIAL OFFICER
- Total calculated
- $0
- Hours/week
- 1
-
Margot Townsend YoungMARGOT TOWNSEND YOUNG
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Virginia BullingtonVIRGINIA BULLINGTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Anne CarmignaniANNE CARMIGNANI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Anastasia CherANASTASIA CHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Caleb CressmanCALEB CRESSMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth DaviesELIZABETH DAVIES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Benjamin FerrantellaBENJAMIN FERRANTELLA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mollie GlazerMOLLIE GLAZER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joe HammerJOE HAMMER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mary Beth HarveyMARY BETH HARVEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Woody KayWOODY KAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John F OlsonJOHN F OLSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Melissa RyanMELISSA RYAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Carol SpinelliCAROL SPINELLI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bisy StanchevaBISY STANCHEVA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Anthony WagnerANTHONY WAGNER
EXECUTIVE DIRECTOR
- Total calculated
- $75,000
- From this org
- $75,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
NANTUCKET COMMUNITY MUSIC CENTER INC
C · LEASING THEN SUB-LEASING OFFICE SPACE TO THE TRUST. EIN APPLIED FOR. · MA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521359349305442
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