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← ARTISTS ASSOCIATION OF NANTUCKET

Form 990 for tax year 2024

Filed by ARTISTS ASSOCIATION OF NANTUCKET.

Totals

Total revenue
$1,869,803
Total expenses
$1,680,301
Contributions and grants received
$1,413,325
Grants paid
$0
Program service revenue
$377,801
Investment income
$109,839
Other revenue
-$31,162
Total assets, end of year
$5,761,642
Total liabilities, end of year
$86,644
Net assets or fund balances, end of year
$5,674,998
Program services expenses (Part IX)
$858,925
Management and general expenses
$548,635
Fundraising expenses
$272,741
Program service expenses (Part III)
$858,925

Program services were 51.1% 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.

  • 1b · Membership dues

    $63,650

  • 1c · Fundraising events

    $855,369

  • 1f · All other contributions, gifts and grants

    $494,306

  • 2a · Program service revenue: PROGRAM & TUITION INCO

    total $256,088 · related or exempt $256,088

  • 2b · Program service revenue: GALLERY INCOME

    total $121,713 · related or exempt $121,713

  • 3 · Investment income

    total $109,839 · excluded $109,839

  • 8a · Fundraising events: gross income

    $525,323

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

    $855,369

  • 8b · Fundraising events: direct expenses

    $556,485

  • 8c · Net income from fundraising events

    total -$31,162 · excluded -$31,162

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $230,443 · management and general $138,266 · fundraising $92,177

  • 7 · Other salaries and wages

    total $647,159 · program services $392,392 · management and general $163,405 · fundraising $91,362

  • 9 · Other employee benefits

    total $99,396 · program services $62,143 · management and general $22,665 · fundraising $14,588

  • 10 · Payroll taxes

    total $69,385 · program services $29,969 · management and general $25,489 · fundraising $13,927

  • 11b · Fees: legal

    total $6,065 · management and general $6,065

  • 11c · Fees: accounting

    total $14,850 · management and general $14,850

  • 11g · Fees: other

    total $86,800 · program services $40,073 · management and general $23,227 · fundraising $23,500

  • 12 · Advertising and promotion

    total $38,949 · program services $2,923 · management and general $34,576 · fundraising $1,450

  • 13 · Office expenses

    total $29,431 · program services $2,243 · management and general $17,962 · fundraising $9,226

  • 14 · Information technology

    total $19,289 · program services $14,523 · management and general $4,766

  • 16 · Occupancy

    total $145,407 · program services $118,370 · management and general $27,037

  • 22 · Depreciation, depletion and amortization

    total $138,485 · program services $95,922 · management and general $42,563

  • 23 · Insurance

    total $32,218 · program services $22,292 · management and general $9,926

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $49,321 · program services $49,321

  • 24b · Other expenses: BANK AND CREDIT CARD FE

    total $43,073 · program services $23,690 · fundraising $19,383

  • 24c · Other expenses: MISCELLANEOUS

    total $27,928 · program services $2,962 · management and general $17,838 · fundraising $7,128

  • 24d · Other expenses: COLLECTION PURCHASES

    total $1,920 · program services $1,920

  • 24e · All other expenses

    total $182 · program services $182

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $224,747 · end of year $276,018

  • 2 · Savings and temporary cash investments

    beginning of year $563,457 · end of year $639,083

  • 3 · Pledges and grants receivable

    beginning of year $20,000 · end of year $15,000

  • 4 · Accounts receivable

    beginning of year $2,213 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,563 · end of year $32,915

  • 10a · Land, buildings and equipment: cost or other basis

    $4,568,084

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,342,472

  • 10c · Land, buildings and equipment, net

    beginning of year $3,315,787 · end of year $3,225,612

  • 11 · Investments: publicly traded securities

    beginning of year $1,359,925 · end of year $1,573,014

  • 17 · Accounts payable and accrued expenses

    beginning of year $124,773 · end of year $86,644

  • 27 · Net assets without donor restrictions

    beginning of year $3,789,241 · end of year $3,667,031

  • 28 · Net assets with donor restrictions

    beginning of year $1,598,678 · end of year $2,007,967

Mission and programs · 2024

Mission

TO FOSTER THE VISUAL ARTS ON NANTUCKET, TO PROMOTE, SUPPORT AND ENCOURAGE THE WORK OF NANTUCKET ARTISTS, PROVIDING EDUCATIONAL PROGRAMS IN THE ARTS, PRESERVING THE LEGACY OF NANTUCKET ARTISTS, AND TO CREATE A VIBRANT ARTS COMMUNITY.

Activities or mission (Part I)

TO FOSTER THE VISUAL ARTS ON NANTUCKET, TO PROMOTE, SUPPORT AND ENCOURAGE THE WORK OF NANTUCKET ARTISTS, PROVIDING EDUCATIONAL PROGRAMS IN THE ARTS, AND PRESERVING THE LEGACY OF NANTUCKET ARTISTS, AND TO CREATE A VIBRANT ARTS COMMUNITY.

  • YEAR-ROUND ART CLASSES AND WORKSHOPS FOR ADULTS AND CHILDREN

    Expenses $503,705 · Revenue $256,088

  • PERMANENT COLLECTION OF OVER 1,600 PIECES OF NANTUCKET ART .

    Expenses $116,074

  • GALLERY FEATURING OVER 230 NANTUCKET ARTISTS

    Expenses $239,146 · Revenue $121,713

As filed on the 2024 return.

Listed in Part VII

  • Aisling Glynn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peter Steingraber

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Robin Wolpow

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kristie Ferrentella

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Meghan Weeks

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Leslie Bresette

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Barbara Stern Burke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laurie Champion

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Erika Christensen Scully

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barbara Clarke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maryann Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Janet Joseph

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bob Miklos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Pincince

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Sager

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tracy Ulmer

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • Jim Waterbury

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tracey Sears

    EXECUIVE DIRECTOR

    Total calculated
    $166,000
    From this org
    $166,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $166,000

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
ALL COMPENSATION, INCLUDING EXECUTIVE DIRECTOR, GOES THROUGH A FORMAL PERFORMANCE APPRAISAL. THE EXECUTIVE DIRECTOR'S PERFORMANCE IS REVIEWED BY THE BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202513179349306261

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