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Nonprofiteer
← NANTUCKET PRESERVATION TRUST INC

Form 990 for tax year 2023

Filed by NANTUCKET PRESERVATION TRUST INC.

Totals

Total revenue
$562,659
Total expenses
$549,056
Contributions and grants received
$345,466
Grants paid
$0
Program service revenue
$103,658
Investment income
$27,036
Other revenue
$86,499
Total assets, end of year
$1,222,175
Total liabilities, end of year
$154,328
Net assets or fund balances, end of year
$1,067,847
Program services expenses (Part IX)
$331,188
Management and general expenses
$95,582
Fundraising expenses
$122,286
Program service expenses (Part III)
$331,188

Program services were 60.3% 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

    $345,466

  • 2a · Program service revenue: EDUCATIONAL,HISTORY PR

    total $103,658 · related or exempt $103,658

  • 3 · Investment income

    total $24,179 · excluded $24,179

  • 7a · Gross sales of assets other than inventory

    securities $74,943

  • 7b · Less cost or other basis and sales expenses

    securities $72,086

  • 7c · Gain or loss

    securities $2,857

  • 7d · Net gain or loss

    total $2,857 · related or exempt $2,857

  • 8a · Fundraising events: gross income

    $223,826

  • 8b · Fundraising events: direct expenses

    $144,044

  • 8c · Net income from fundraising events

    total $79,782 · excluded $79,782

  • 10a · Gross sales of inventory

    $15,872

  • 10b · Cost of goods sold

    $9,155

  • 10c · Net income from sales of inventory

    total $6,717 · related or exempt $6,717

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $161,986 · program services $129,589 · management and general $8,099 · fundraising $24,298

  • 6 · Compensation of disqualified persons

    total $143,192 · program services $53,880 · management and general $15,566 · fundraising $73,746

  • 9 · Other employee benefits

    total $16,492 · program services $9,895 · management and general $1,319 · fundraising $5,278

  • 10 · Payroll taxes

    total $25,350 · program services $15,260 · management and general $1,926 · fundraising $8,164

  • 11c · Fees: accounting

    total $9,325 · management and general $9,325

  • 11g · Fees: other

    total $29,571 · program services $8,046 · management and general $21,525

  • 12 · Advertising and promotion

    total $2,558 · program services $1,279 · fundraising $1,279

  • 13 · Office expenses

    total $6,461 · program services $3,231 · management and general $1,615 · fundraising $1,615

  • 16 · Occupancy

    total $29,860 · program services $14,931 · management and general $7,465 · fundraising $7,464

  • 17 · Travel

    total $1,106 · management and general $1,106

  • 22 · Depreciation, depletion and amortization

    total $6,855 · management and general $6,855

  • 23 · Insurance

    total $6,042 · management and general $6,042

  • 24a · Other expenses: HOUSE HISTORY EXPENSE

    total $38,076 · program services $38,076

  • 24b · Other expenses: EVENTS

    total $35,466 · program services $33,720 · management and general $1,694 · fundraising $52

  • 24c · Other expenses: PRINTING, REPRODUCTION

    total $16,051 · program services $16,051

  • 24d · Other expenses: BANK & CREDIT CARD FEES

    total $6,089 · management and general $6,089

  • 24e · All other expenses

    total $14,576 · program services $7,230 · management and general $6,956 · fundraising $390

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $189,866 · end of year $205,131

  • 2 · Savings and temporary cash investments

    beginning of year $14,368 · end of year $5,447

  • 4 · Accounts receivable

    beginning of year $22,237 · end of year $11,350

  • 8 · Inventories for sale or use

    beginning of year $34,042 · end of year $24,887

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,817 · end of year $17,990

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

    $162,262

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

    $73,585

  • 10c · Land, buildings and equipment, net

    beginning of year $12,782 · end of year $88,677

  • 12 · Investments: other securities

    beginning of year $769,307 · end of year $868,693

  • 17 · Accounts payable and accrued expenses

    beginning of year $60,553 · end of year $57,174

  • 19 · Deferred revenue

    beginning of year $18,700 · end of year $13,100

  • 25 · Other liabilities

    beginning of year $0 · end of year $84,054

  • 27 · Net assets without donor restrictions

    beginning of year $468,463 · end of year $524,376

  • 28 · Net assets with donor restrictions

    beginning of year $517,703 · end of year $543,471

Mission and programs · 2023

Mission

TO EDUCATE AND ENCOURAGE PROPERTY OWNERS AS TO WHAT IS POSSIBLE TO PRESERVE AND PROTECT THE HISTORICAL ELEMENTS OF THEIR PROPERTIES AND TO RAISE AWARENESS OF THE COMMUNITY ABOUT THE VALUE OF AND NEED FOR HISTORIC ARCHITECTURAL PRESERVATION.

  • THE ORGANIZATION ENCOURAGES COMMUNITY ACTION AND SUPPORT BY PUBLISHING NEWSLETTERS AND BY MAINTAINING A WEB SITE. THE ORGANIZATION ALSO OBTAINS PRESERVATION EASEMENTS AND IS INVOLVED WITH WALKING TOURS OF NANTUCKET AND OTHER EDUCATIONAL PROJECTS. THEY ALSO CONDUCT VARIOUS HISTORICAL RESEARCH PROJECTS.

    Expenses $331,188 · Revenue $113,232

As filed on the 2023 return.

Listed in Part VII

  • Alison Potts

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • David Sj Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Judy Belash

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jon King

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • William Moffett Moore

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Barbara Halsted

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ann Swart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christian Hoffman

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Susan Zises Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicholas Gault

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Adair Macaire

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Al Messina

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Angus MacLeod

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Samuel Phelan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Sweeney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melanie Gowen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Bergman

    EXECUTIVE DIRECTOR

    Total calculated
    $157,320
    From this org
    $157,320
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,320
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $157,320

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

None.

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

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
13 November 2024
IRS schema version
2023v5.1
Source object
202433209349302058

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