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Nonprofiteer
← NANTUCKET COMEDY FESTIVAL INC

Form 990 for tax year 2024

Filed by NANTUCKET COMEDY FESTIVAL INC.

Totals

Total revenue
$267,526
Total expenses
$265,406
Contributions and grants received
$45,075
Grants paid
$0
Program service revenue
$193,610
Investment income
$0
Other revenue
$28,841
Total assets, end of year
$3,584
Total liabilities, end of year
$128,557
Net assets or fund balances, end of year
-$124,973
Program services expenses (Part IX)
$248,826
Management and general expenses
$16,580
Fundraising expenses
$0
Program service expenses (Part III)
$248,826

Program services were 93.8% 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)

    $550

  • 1f · All other contributions, gifts and grants

    $44,525

  • 2a · Program service revenue: COMEDY SHOWS

    total $193,610 · related or exempt $193,610

  • 8a · Fundraising events: gross income

    $60,952

  • 8b · Fundraising events: direct expenses

    $32,111

  • 8c · Net income from fundraising events

    total $28,841 · excluded $28,841

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $55,000 · program services $55,000

  • 11b · Fees: legal

    total $525 · program services $525

  • 11c · Fees: accounting

    total $4,781 · management and general $4,781

  • 11g · Fees: other

    total $26,200 · program services $26,200

  • 12 · Advertising and promotion

    total $27,593 · program services $26,854 · management and general $739

  • 13 · Office expenses

    total $1,051 · management and general $1,051

  • 16 · Occupancy

    total $741 · program services $167 · management and general $574

  • 17 · Travel

    total $10,771 · program services $9,718 · management and general $1,053

  • 20 · Interest

    total $3,540 · management and general $3,540

  • 23 · Insurance

    total $3,968 · program services $1,914 · management and general $2,054

  • 24a · Other expenses: PROGRAM PRODUCTION

    total $109,909 · program services $109,909

  • 24b · Other expenses: FACILITIES & EQUIPMENT

    total $20,508 · program services $18,001 · management and general $2,507

  • 24c · Other expenses: LICENSES & PERMITS

    total $500 · program services $500

  • 24d · Other expenses: MISCELLANEOUS

    total $319 · program services $38 · management and general $281

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,332 · end of year $3,584

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

    $2,620

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

    $2,620

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,107 · end of year $10,107

  • 25 · Other liabilities

    beginning of year $121,318 · end of year $118,450

  • 27 · Net assets without donor restrictions

    beginning of year -$127,093 · end of year -$124,973

Mission and programs · 2024

Mission

THE NANTUCKET COMEDY FESTIVAL (NCF) WAS FOUNDED AS A NON-PROFIT ORGANIZATION DEDICATED TO RAISING MONEY AND AWARENESS FOR LOCAL, NANTUCKET CHARITIES AS WELL AS THE SUPPORT OF PERFORMANCE ART PROGRAMS.

Activities or mission (Part I)

THE NANTUCKET COMEDY FESTIVAL (NCF) WAS FOUNDED AS A NON-PROFIT ORGANIZATION DEDICATED TO RAISING MONEY AND AWARENESS FOR LOCAL, NANTUCKET CHARITIES

  • COMEDY FESTIVAL AND PERFORMANCE ART PROGRAMS.

    Expenses $248,826 · Revenue $193,610

As filed on the 2024 return.

Listed in Part VII

  • Tim Braine

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Franklin Levy

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Karen Rainwater

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Lynda Levy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Kevin Flynn

    EXECUTIVE DIRECTOR

    Total calculated
    $55,000
    From this org
    $55,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20
  • John Buckey

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Ann Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Georgeann Ballou

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • George Roach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Chris Mazzilli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Lisa Soeder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Dan Wolf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Peter Farrelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Bobby Farrelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Karen Keelan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Simon Fraser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Michelle Kroin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brian Glowacki

    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
2024
Filed
31 October 2025
IRS schema version
2024v5.2
Source object
202523049349300037

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