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Nonprofiteer
← NANTUCKET LIGHTSHIP BASKET MUSEUM INC

Form 990 for tax year 2022

Filed by NANTUCKET LIGHTSHIP BASKET MUSEUM INC.

Totals

Total revenue
$1,264,886
Total expenses
$114,337
Contributions and grants received
$115,500
Grants paid
$0
Program service revenue
$0
Investment income
$5,511
Other revenue
$1,143,875
Total assets, end of year
$2,224,042
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,224,042
Program services expenses (Part IX)
$114,337
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$114,337

Program services were 100.0% 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.

  • 1c · Fundraising events

    $90,052

  • 1f · All other contributions, gifts and grants

    $25,448

  • 1g · Noncash contributions included above

    $61,691

  • 3 · Investment income

    total $5,511 · excluded $5,511

  • 8a · Fundraising events: gross income

    $0

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

    $90,052

  • 8b · Fundraising events: direct expenses

    $89,215

  • 8c · Net income from fundraising events

    total -$89,215 · excluded -$89,215

  • 11a · Other revenue: OTHER REVENUE

    total $1,233,090 · related or exempt $1,233,090 · unrelated business $0

  • 11e · Other revenue, total

    $1,233,090

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $435 · program services $435

  • 11c · Fees: accounting

    total $3,500 · program services $3,500

  • 11g · Fees: other

    total $307 · program services $307

  • 12 · Advertising and promotion

    total $490 · program services $490

  • 13 · Office expenses

    total $38 · program services $38

  • 16 · Occupancy

    total $6,693 · program services $6,693

  • 23 · Insurance

    total $5,301 · program services $5,301

  • 24a · Other expenses: SUBCONTRACT SERVICES

    total $69,503 · program services $69,503

  • 24b · Other expenses: SPECIAL EVENT EXPENSES

    total $27,524 · program services $27,524

  • 24c · Other expenses: SUPPLIES

    total $534 · program services $534

  • 24d · Other expenses: CREDIT CARD FEES

    total $12 · program services $12

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $190,579 · end of year $1,844,755

  • 2 · Savings and temporary cash investments

    beginning of year $184,840 · end of year $189,822

  • 4 · Accounts receivable

    beginning of year $59,477 · end of year $441

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $377,760

  • 11 · Investments: publicly traded securities

    beginning of year $189,024 · end of year $189,024

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,402 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $871,408 · end of year $2,124,214

  • 28 · Net assets with donor restrictions

    beginning of year $112,870 · end of year $99,828

Mission and programs · 2022

Mission

PROMOTE THE AWARENESS AND APPRECIATION OF LIGHTSHIP BASKETS AND THEIR MAKERS, BY EDUCATING AND ENGAGING THE PUBLIC ABOUT THE COMPLEXITY OF THIS ART FORM UNIQUE TO NANTUCKET. EXHIBITING HISTORIC AND CONTEMPORARY BASKETS.

  • DISPLAY OF COLLECTION ITEMS IN COOPERATION WITH THE NANTUCKET HISTORICAL ASSOCATION DEVOTED TO NANTUCKET LIGHTSHIP BASKETS AND BASKET-MAKING.

    Expenses $114,337 · Revenue $1,233,090

As filed on the 2022 return.

Listed in Part VII

  • Annabelle Fowlkes

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Susan Blount

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Sarah Alger

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • Robert Greenspon

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Niles Parker

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 39.5 related

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
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202323149349302722

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