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Nonprofiteer
← NANTUCKET LIGHTSHIP BASKET MUSEUM INC

Form 990 for tax year 2024

Filed by NANTUCKET LIGHTSHIP BASKET MUSEUM INC.

Totals

Total revenue
$222,274
Total expenses
$83,311
Contributions and grants received
$88,921
Grants paid
$0
Program service revenue
$0
Investment income
$122,903
Other revenue
$10,450
Total assets, end of year
$2,832,285
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,832,285
Program services expenses (Part IX)
$0
Management and general expenses
$83,311
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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

    $50,369

  • 1f · All other contributions, gifts and grants

    $38,552

  • 1g · Noncash contributions included above

    $48,369

  • 3 · Investment income

    total $65,087 · excluded $65,087

  • 7a · Gross sales of assets other than inventory

    securities $183,118

  • 7b · Less cost or other basis and sales expenses

    securities $125,302

  • 7c · Gain or loss

    securities $57,816

  • 7d · Net gain or loss

    total $57,816 · excluded $57,816

  • 8a · Fundraising events: gross income

    $79,419

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

    $50,369

  • 8b · Fundraising events: direct expenses

    $68,969

  • 8c · Net income from fundraising events

    total $10,450 · excluded $10,450

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $75,000 · management and general $75,000

  • 11c · Fees: accounting

    total $1,480 · management and general $1,480

  • 11f · Fees: investment management

    total $4,828 · management and general $4,828

  • 13 · Office expenses

    total $38 · management and general $38

  • 23 · Insurance

    total $1,965 · management and general $1,965

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $275,348 · end of year $275,057

  • 11 · Investments: publicly traded securities

    beginning of year $2,271,886 · end of year $2,557,228

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,575

  • 27 · Net assets without donor restrictions

    beginning of year $2,477,749 · end of year $2,784,375

  • 28 · Net assets with donor restrictions

    beginning of year $47,910 · end of year $47,910

Mission and programs · 2024

Mission

PROMOTE THE AWARENESS AND APPRECIATION OF LIGHTSHIP BASKETS AND THEIR MAKERS, BY EDUCATING AND ENGAGING THE PUBLIC ABOUT THE COMPLEXITY OF THIS ART FORM UNIQUE TO NANTUCKET. EXHIBITING HISTORIC AND CONTEMPORARY BASKETS.

  • DISPLAY OF COLLECTION ITEMS IN COOPERATION WITH THE NANTUCKET HISTORICAL ASSOCATION DEVOTED TO NANTUCKET LIGHTSHIP BASKETS AND BASKET-MAKING.

As filed on the 2024 return.

Listed in Part VII

  • Annabelle Fowlkes

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Susan Blount

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Richard Greenspon

    TREASUER

    Total calculated
    $0
    Hours/week
    1

  • Sarah Alger

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • Niles Parker

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 39.5 related

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.

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
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202523179349303492

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