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Nonprofiteer
← NANTUCKET GOLF CLUB FOUNDATION INC

Form 990 for tax year 2024

Filed by NANTUCKET GOLF CLUB FOUNDATION INC.

Totals

Total revenue
$6,679,510
Total expenses
$2,404,186
Contributions and grants received
$1,855,528
Grants paid
$1,959,197
Program service revenue
$0
Investment income
$966,560
Other revenue
$3,857,422
Total assets, end of year
$17,905,480
Total liabilities, end of year
$310,000
Net assets or fund balances, end of year
$17,595,480
Program services expenses (Part IX)
$2,265,402
Management and general expenses
$12,564
Fundraising expenses
$126,220
Program service expenses (Part III)
$2,265,402

Program services were 94.2% 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

    $1,855,528

  • 3 · Investment income

    total $966,560 · related or exempt $966,560

  • 8a · Fundraising events: gross income

    $4,430,905

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

    $1,855,528

  • 8b · Fundraising events: direct expenses

    $573,483

  • 8c · Net income from fundraising events

    total $3,857,422 · excluded $3,857,422

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,229,101 · program services $1,229,101

  • 2 · Grants to domestic individuals

    total $730,096 · program services $730,096

  • 7 · Other salaries and wages

    total $154,515 · program services $100,157 · fundraising $54,358

  • 9 · Other employee benefits

    total $49,732 · program services $4,185 · fundraising $45,547

  • 10 · Payroll taxes

    total $8,750 · program services $6,477 · fundraising $2,273

  • 11c · Fees: accounting

    total $10,340 · management and general $10,340

  • 11g · Fees: other

    total $2,224 · management and general $2,224

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $118,885 · program services $118,885

  • 24b · Other expenses: OTHER EXPENSES

    total $100,543 · program services $76,501 · fundraising $24,042

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $13,402,183 · end of year $17,315,541

  • 3 · Pledges and grants receivable

    beginning of year $157,947 · end of year $537,831

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,527 · end of year $52,108

  • 17 · Accounts payable and accrued expenses

    beginning of year $243,501 · end of year $310,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $13,320,156 · end of year $17,595,480

Mission and programs · 2024

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 $2,265,402 · Grants $1,959,197

As filed on the 2024 return.

Listed in Part VII

  • Thomas J Bresette

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Alastair M Borthwick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Edmund A Hajim

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Douglas Grip

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • John Samuels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Laura Hanson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Rebecca Bartlett

    TREASURER & CLERK

    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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543219349323754

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

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