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Nonprofiteer
← NANTUCKET GOLF CLUB FOUNDATION INC

Form 990 for tax year 2023

Filed by NANTUCKET GOLF CLUB FOUNDATION INC.

Totals

Total revenue
$4,559,367
Total expenses
$2,171,722
Contributions and grants received
$1,409,480
Grants paid
$1,869,680
Program service revenue
$0
Investment income
$852,672
Other revenue
$2,297,215
Total assets, end of year
$13,563,657
Total liabilities, end of year
$243,501
Net assets or fund balances, end of year
$13,320,156
Program services expenses (Part IX)
$2,013,999
Management and general expenses
$5,402
Fundraising expenses
$152,321
Program service expenses (Part III)
$2,013,999

Program services were 92.7% 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

    $1,409,480

  • 3 · Investment income

    total $852,672 · related or exempt $852,672

  • 8a · Fundraising events: gross income

    $2,927,042

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

    $1,409,480

  • 8b · Fundraising events: direct expenses

    $629,827

  • 8c · Net income from fundraising events

    total $2,297,215 · excluded $2,297,215

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,251,934 · program services $1,251,934

  • 2 · Grants to domestic individuals

    total $617,746 · program services $617,746

  • 7 · Other salaries and wages

    total $84,867 · fundraising $84,867

  • 9 · Other employee benefits

    total $28,346 · fundraising $28,346

  • 10 · Payroll taxes

    total $1,553 · fundraising $1,553

  • 11c · Fees: accounting

    total $4,000 · management and general $4,000

  • 11g · Fees: other

    total $1,402 · management and general $1,402

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $90,856 · program services $90,856

  • 24b · Other expenses: OTHER EXPENSES

    total $91,018 · program services $53,463 · fundraising $37,555

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $10,180,360 · end of year $13,402,183

  • 3 · Pledges and grants receivable

    beginning of year $840,400 · end of year $157,947

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,251 · end of year $3,527

  • 17 · Accounts payable and accrued expenses

    beginning of year $102,500 · end of year $243,501

  • 31 · Retained earnings, endowment or other funds

    beginning of year $10,932,511 · end of year $13,320,156

Mission and programs · 2023

Mission

SUPPORT LOCAL 501(C)(3) ORGANIZATIONS AND SUPPORT PROGRAMS THAT AWARD SCHOLARSHIP GRANTS IN THE FIELD OF EDUCATION.

  • SUPPORTED LOCAL 501(C)(3) ORGANIZATIONS AND SUPPORTED PROGRAMS THAT AWARD SCHOLARSHIP GRANT IN THE FIELD OF EDUCATION.

    Expenses $2,013,999 · Grants $1,869,680

As filed on the 2023 return.

Listed in Part VII

  • Alastair M Borthwick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Douglas Grip

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Thomas J Bresette

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Edmund A Hajim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Rebecca Bartlett

    TREASURER & CLERD

    Total calculated
    $0
    Hours/week
    5

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

The 10 largest by cash amount. The API serves every itemized grant.

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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349325597

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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