Totals
- Total revenue
- $327,629
- Total expenses
- $222,005
- Contributions and grants received
- $3,500
- Grants paid
- $2,472
- Program service revenue
- $307,900
- Investment income
- $16,229
- Other revenue
- $0
- Total assets, end of year
- $2,549,512
- Total liabilities, end of year
- $1,725,189
- Net assets or fund balances, end of year
- $824,323
- Program services expenses (Part IX)
- $200,749
- Management and general expenses
- $21,256
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $200,749
Program services were 90.4% 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.
-
1f · All other contributions, gifts and grants
$3,500
-
2a · Program service revenue: RENTAL INCOME
total $307,900 · related or exempt $307,900
-
3 · Investment income
total $10,723 · excluded $10,723
-
7a · Gross sales of assets other than inventory
securities $5,506
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $5,506
-
7d · Net gain or loss
total $5,506 · excluded $5,506
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,472 · program services $2,472
-
5 · Compensation of officers, directors and key employees
total $4,800 · management and general $4,800
-
11a · Fees: management
total $5,015 · program services $5,015
-
11b · Fees: legal
total $1,495 · management and general $1,495
-
11c · Fees: accounting
total $7,713 · management and general $7,713
-
13 · Office expenses
total $595 · management and general $595
-
16 · Occupancy
total $21,738 · program services $21,738
-
20 · Interest
total $58,590 · program services $58,590
-
22 · Depreciation, depletion and amortization
total $86,068 · program services $86,068
-
23 · Insurance
total $17,964 · program services $11,311 · management and general $6,653
-
24a · Other expenses: PROGRAM EXPENSES
total $15,555 · program services $15,555
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $82,700 · end of year $56,661
-
2 · Savings and temporary cash investments
beginning of year $536,388 · end of year $351,642
-
4 · Accounts receivable
beginning of year $3,485 · end of year $3,826
-
10a · Land, buildings and equipment: cost or other basis
$3,158,353
-
10b · Land, buildings and equipment: accumulated depreciation
$1,377,941
-
10c · Land, buildings and equipment, net
beginning of year $1,866,480 · end of year $1,780,412
-
11 · Investments: publicly traded securities
end of year $333,104
-
15 · Other assets
beginning of year $22,562 · end of year $23,867
-
17 · Accounts payable and accrued expenses
beginning of year $10,570 · end of year $0
-
19 · Deferred revenue
beginning of year $2,400 · end of year $4,650
-
21 · Escrow or custodial account liability
beginning of year $22,562 · end of year $23,867
-
24 · Unsecured notes and loans payable
beginning of year $1,724,142 · end of year $1,696,672
-
27 · Net assets without donor restrictions
beginning of year $619,033 · end of year $694,720
-
28 · Net assets with donor restrictions
beginning of year $132,908 · end of year $129,603
Mission and programs · 2022
Mission
THE NANTUCKET EDUCATION TRUST'S MISSION IS THREE-FOLD: TO GENERATE PRIVATE SUPPORT FOR PUBLIC EDUCATION ON NANTUCKET; TO FOSTER PRIVATE AND PUBLIC PARTNERSHIPS THAT BENEFIT THE CHILDREN OF NANTUCKET PUBLIC SCHOOLS; AND TO HONOR EXCELLENCE IN TEACHING AND LEARNING.
-
BUILD AND MAINTAIN 12 RENTAL HOUSING UNITS FOR THE BENEFIT OF TEACHERS AND SCHOOL STAFF.
Expenses $182,722 · Revenue $307,900
-
PROVIDE EDUCATIONAL PROGRAMS IN THE NANTUCKET PUBLIC SCHOOL SYSTEM INCLUDING PURCHASE OF EQUIPMENT, PAYMENT OF SALARIES & GRANTS FOR TEACHERS, SPONSORSHIP OF LECTURES, SEMINARS AND WORKSHOPS, AND PARTICIPATION IN THE SATELLITE PROGRAMS COORDINATED BY THE SCHOOL.
Expenses $18,027 · Grants $2,472
As filed on the 2022 return.
Listed in Part VII
-
Pauline ProchPAULINE PROCH
FORMER PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
John RiccioJOHN RICCIO
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
William Michael CozortWILLIAM MICHAEL COZORT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Tracy NicholsTRACY NICHOLS
CO-CLERK
- Total calculated
- $0
- Hours/week
- 1
-
Hadley DutraHADLEY DUTRA
CO-CLERK
- Total calculated
- $0
- Hours/week
- 1
-
Martin AnguelovMARTIN ANGUELOV
DIRECTOR/BOOKKEEPER
- Total calculated
- $4,800
- From this org
- $4,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Marie LembergMARIE LEMBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth HallettELIZABETH HALLETT
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Meg BrowersMEG BROWERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anthony FoxANTHONY FOX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alicia GraziadeiALICIA GRAZIADEI
DIRECTOR
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 2 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341239349302314
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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