Form 990 for tax year 2023
Filed by ARTISTS ASSOCIATION OF NANTUCKET.
Totals
- Total revenue
- $1,531,995
- Total expenses
- $1,696,308
- Contributions and grants received
- $1,075,383
- Grants paid
- $0
- Program service revenue
- $434,298
- Investment income
- $78,853
- Other revenue
- -$56,539
- Total assets, end of year
- $5,512,692
- Total liabilities, end of year
- $124,773
- Net assets or fund balances, end of year
- $5,387,919
- Program services expenses (Part IX)
- $780,724
- Management and general expenses
- $553,551
- Fundraising expenses
- $362,033
- Program service expenses (Part III)
- $780,724
Program services were 46.0% 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.
-
1b · Membership dues
$60,775
-
1c · Fundraising events
$687,699
-
1f · All other contributions, gifts and grants
$326,909
-
1g · Noncash contributions included above
$95,663
-
2a · Program service revenue: PROGRAM & TUITION INCO
total $295,229 · related or exempt $295,229
-
2b · Program service revenue: GALLERY INCOME
total $139,069 · related or exempt $139,069
-
3 · Investment income
total $78,853 · excluded $78,853
-
8a · Fundraising events: gross income
$383,967
-
8a · Fundraising events: contributions included on line 1c
$687,699
-
8b · Fundraising events: direct expenses
$440,506
-
8c · Net income from fundraising events
total -$56,539 · excluded -$56,539
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $248,807 · management and general $149,284 · fundraising $99,523
-
7 · Other salaries and wages
total $737,796 · program services $382,132 · management and general $169,325 · fundraising $186,339
-
9 · Other employee benefits
total $61,201 · program services $37,461 · management and general $15,091 · fundraising $8,649
-
10 · Payroll taxes
total $78,347 · program services $31,652 · management and general $25,019 · fundraising $21,676
-
11b · Fees: legal
total $24,158 · management and general $24,158
-
11c · Fees: accounting
total $13,975 · management and general $13,975
-
11g · Fees: other
total $59,953 · program services $28,295 · management and general $16,658 · fundraising $15,000
-
12 · Advertising and promotion
total $23,178 · management and general $23,178
-
13 · Office expenses
total $21,019 · program services $982 · management and general $15,167 · fundraising $4,870
-
14 · Information technology
total $16,425 · program services $12,516 · management and general $3,909
-
16 · Occupancy
total $137,803 · program services $110,524 · management and general $27,279
-
22 · Depreciation, depletion and amortization
total $134,008 · program services $91,572 · management and general $42,436
-
23 · Insurance
total $25,957 · program services $16,735 · management and general $9,222
-
24a · Other expenses: BANK AND CREDIT CARD FE
total $39,650 · program services $21,808 · fundraising $17,842
-
24b · Other expenses: PROGRAM SUPPLIES
total $36,999 · program services $36,999
-
24c · Other expenses: MISCELLANEOUS
total $28,361 · program services $3,121 · management and general $17,106 · fundraising $8,134
-
24d · Other expenses: COLLECTION PURCHASES
total $6,927 · program services $6,927
-
24e · All other expenses
total $1,744 · management and general $1,744
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $127,421 · end of year $224,747
-
2 · Savings and temporary cash investments
beginning of year $762,295 · end of year $563,457
-
3 · Pledges and grants receivable
beginning of year $25,000 · end of year $20,000
-
4 · Accounts receivable
beginning of year $8,163 · end of year $2,213
-
9 · Prepaid expenses and deferred charges
beginning of year $30,930 · end of year $26,563
-
10a · Land, buildings and equipment: cost or other basis
$4,519,774
-
10b · Land, buildings and equipment: accumulated depreciation
$1,203,987
-
10c · Land, buildings and equipment, net
beginning of year $3,407,954 · end of year $3,315,787
-
11 · Investments: publicly traded securities
beginning of year $1,168,276 · end of year $1,359,925
-
17 · Accounts payable and accrued expenses
beginning of year $113,538 · end of year $124,773
-
27 · Net assets without donor restrictions
beginning of year $3,998,086 · end of year $3,789,241
-
28 · Net assets with donor restrictions
beginning of year $1,418,415 · end of year $1,598,678
Mission and programs · 2023
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 $481,923 · Revenue $295,229
-
PERMANENT COLLECTION OF OVER 1,300 PIECES OF NANTUCKET ART .
Expenses $106,668
-
GALLERY FEATURING OVER 230 NANTUCKET ARTISTS
Expenses $192,133 · Revenue $139,069
As filed on the 2023 return.
Listed in Part VII
-
Patty KeneallyPATTY KENEALLY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Peter SteingraberPETER STEINGRABER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Robin WolpowROBIN WOLPOW
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Kristie FerrentellaKRISTIE FERRENTELLA
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Meghan WeeksMEGHAN WEEKS
CLERK
- Total calculated
- $0
- Hours/week
- 1
-
Leslie BresetteLESLIE BRESETTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Barbara Stern BurkeBARBARA STERN BURKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laurie ChampionLAURIE CHAMPION
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Erika ChristensenERIKA CHRISTENSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Barbara ClarkeBARBARA CLARKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maryann JonesMARYANN JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Janet JosephJANET JOSEPH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bob MiklosBOB MIKLOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer PincinceJENNIFER PINCINCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian SagerBRIAN SAGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tracy UlmerTRACY ULMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim WaterburyJIM WATERBURY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tracey SearsTRACEY SEARS
EXECUIVE DIRECTOR
- Total calculated
- $137,793
- From this org
- $137,793
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Courtney BridgesCOURTNEY BRIDGES
EXEC. DIRECTOR (FMR)
- Total calculated
- $111,014
- From this org
- $111,014
- 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.
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
- 2023
- Filed
- 28 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442549349300034
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