Civic Intelligence

The Nantucket Education Trust Inc

EIN 04-3165556 • 501(c)3 • Nantucket, MA

Profile

Nantucket education trust (net) is an autonomous organization with its own by-laws and board of directors. Rooted in a community distinguished by its unique history and setting, net's mission is: to enhance educational opportunities on the town of nantucket by mobilizing private sector resources and expertise; to foster alliances among business, community and school interests, and to serve as a catalyst for public and private partnerships that benefit education; to promote the exchange of ideas among island schools as well as those from other communities; to support programs that honor excellence in teaching and learning. Net continuously seeks new ways to support existing initiatives as well as explore strategies for promoting lasting, system-wide improvements. It is the organization's goal to tap new sources that can assist teachers and students, while concurrently implementing more effective school programs.

PO Box 3163Nantucket, MA 02584-3163

www.nantucketeducationtrust.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

86th percentile

0.61x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

4.84x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

81st percentile

31%

Higher net margin than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

54th percentile

$4,800

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

51st percentile

4.1%

Faster asset growth than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$2,739,939

Up $107,877 (+4.1%) from 2023

Liabilities

Down

$1,668,287

Down $28,343 (-1.7%) from 2023

Net Assets

Up

$1,071,652

Up $136,220 (+15%) from 2023

Operations
Liabilities / Revenue96th percentileNet Margin81st percentile

Revenue

Up

$344,695

Up $35,048 (+11%) from 2023

Expenses

Down

$237,331

Down $11,161 (-4.5%) from 2023

Net Income

Up

$107,364

Up $46,209 (+76%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth51st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2009: $2,794,614Liabilities 2009: $2,641,556Net Assets 2009: $153,0582009Assets 2010: $2,687,713Liabilities 2010: $2,564,909Net Assets 2010: $122,8042010Assets 2011: $2,622,132Liabilities 2011: $2,518,816Net Assets 2011: $103,3162011Assets 2012: $2,579,163Liabilities 2012: $2,459,287Net Assets 2012: $119,8762012Assets 2013: $2,502,494Liabilities 2013: $2,376,673Net Assets 2013: $125,8212013Assets 2014: $2,463,335Liabilities 2014: $2,339,538Net Assets 2014: $123,7972014Assets 2015: $2,407,140Liabilities 2015: $2,205,558Net Assets 2015: $201,5822015Assets 2016: $2,451,320Liabilities 2016: $2,121,277Net Assets 2016: $330,0432016Assets 2017: $2,411,299Liabilities 2017: $2,051,084Net Assets 2017: $360,2152017Assets 2018: $2,442,013Liabilities 2018: $1,949,058Net Assets 2018: $492,9552018Assets 2019: $2,546,158Liabilities 2019: $1,898,695Net Assets 2019: $647,4632019Assets 2020: $2,501,006Liabilities 2020: $1,793,417Net Assets 2020: $707,5892020Assets 2021: $2,511,615Liabilities 2021: $1,759,674Net Assets 2021: $751,9412021Assets 2022: $2,549,512Liabilities 2022: $1,725,189Net Assets 2022: $824,3232022Assets 2023: $2,632,062Liabilities 2023: $1,696,630Net Assets 2023: $935,4322023Assets 2024: $2,739,939Liabilities 2024: $1,668,287Net Assets 2024: $1,071,6522024

Highlighted filing

2024

Assets$2,739,939
Liabilities$1,668,287
Net Assets$1,071,652
Open 2024 Filing

Operations Trend

Revenue Growth57th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2009: $225,717Expenses 2009: $274,392Net Income 2009: -$48,6752009Revenue 2010: $211,040Expenses 2010: $241,294Net Income 2010: -$30,2542010Expenses 2011: $252,2472011Expenses 2012: $265,9592012Revenue 2013: $289,350Expenses 2013: $283,405Net Income 2013: $5,9452013Revenue 2014: $252,484Expenses 2014: $254,508Net Income 2014: -$2,0242014Revenue 2015: $303,990Expenses 2015: $226,205Net Income 2015: $77,7852015Revenue 2016: $353,307Expenses 2016: $224,846Net Income 2016: $128,4612016Revenue 2017: $268,209Expenses 2017: $238,037Net Income 2017: $30,1722017Revenue 2018: $388,103Expenses 2018: $255,363Net Income 2018: $132,7402018Revenue 2019: $373,726Expenses 2019: $219,218Net Income 2019: $154,5082019Revenue 2020: $309,902Expenses 2020: $249,776Net Income 2020: $60,1262020Revenue 2021: $314,329Expenses 2021: $269,977Net Income 2021: $44,3522021Revenue 2022: $327,629Expenses 2022: $222,005Net Income 2022: $105,6242022Revenue 2023: $309,647Expenses 2023: $248,492Net Income 2023: $61,1552023Revenue 2024: $344,695Expenses 2024: $237,331Net Income 2024: $107,3642024

Highlighted filing

2024

Revenue$344,695
Expenses$237,331
Net Income$107,364
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,739,939
Liabilities
$1,668,287
Net assets
$1,071,652
Revenue
$344,695
Expenses
$237,331
Net income
$107,364
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.74$1.67$1.07$0.34$0.24$0.11
2023Detailed filing. Detailed filing data is available for this year.$2.63$1.70$0.94$0.31$0.25$0.06
2022Detailed filing. Detailed filing data is available for this year.$2.55$1.73$0.82$0.33$0.22$0.11
2021Detailed filing. Detailed filing data is available for this year.$2.51$1.76$0.75$0.31$0.27$0.04
2020Detailed filing. Detailed filing data is available for this year.$2.50$1.79$0.71$0.31$0.25$0.06
2019Detailed filing. Detailed filing data is available for this year.$2.55$1.90$0.65$0.37$0.22$0.15
2018Detailed filing. Detailed filing data is available for this year.$2.44$1.95$0.49$0.39$0.26$0.13
2017Detailed filing. Detailed filing data is available for this year.$2.41$2.05$0.36$0.27$0.24$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.45$2.12$0.33$0.35$0.22$0.13
2015Detailed filing. Detailed filing data is available for this year.$2.41$2.21$0.20$0.30$0.23$0.08
2014Detailed filing. Detailed filing data is available for this year.$2.46$2.34$0.12$0.25$0.25$0.00
2013Detailed filing. Detailed filing data is available for this year.$2.50$2.38$0.13$0.29$0.28$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.58$2.46$0.12$0.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.62$2.52$0.10$0.25
2010Summary only. Only limited summary data is available for this year.$2.69$2.56$0.12$0.21$0.24$0.03
2009Summary only. Only limited summary data is available for this year.$2.79$2.64$0.15$0.23$0.27$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 3, 2025
Return Version
2024v5.1
Gross Receipts
$386,945
Mission and Program Overview

Mission

Formed in 1992, nantucket education trust (net) is a non-profit community organization with a 3-fold mission: generate private support for public education; foster private/public partnerships benefitting children in the system; honor excellence in teaching/learning. In 2000, nps faced a crisis as employees were unable to find housing commensurate with their salaries. A task force was assembled, land located, designs created. The result was the 12-unit cow pond affordable housing complex consisting of multi-bedroom units for school staff, town, and hospital employees. Rooted in a community distinguished by a unique history and setting, net pursues these goals: enhance educational opportunities on island; foster alliances among business, community and school interests; serve as a catalyst for public and private partnerships benefitting education; promote the exchange of ideas among island schools and schools in other communities; support programs honoring excellence in teaching/learning.

Nantucket education trust (net) is an autonomous organization with its own by-laws and board of directors. Rooted in a community distinguished by its unique history and setting, net's mission is: to enhance educational opportunities on the town of nantucket by mobilizing private sector resources and expertise; to foster alliances among business, community and school interests, and to serve as a catalyst for public and private partnerships that benefit education; to promote the exchange of ideas among island schools as well as those from other communities; to support programs that honor excellence in teaching and learning. Net continuously seeks new ways to support existing initiatives as well as explore strategies for promoting lasting, system-wide improvements. It is the organization's goal to tap new sources that can assist teachers and students, while concurrently implementing more effective school programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,738,252$1,898,433▲ $160,181
Investments in Publicly Traded Securities$558,035$558,416▲ $381
Savings and Temporary Cash Investments$176,011$227,803▲ $51,792
Accounts Receivable$120,000--
Cash and Non-Interest-Bearing Accounts$17,252$30,374▲ $13,122
Total Assets$2,632,062$2,739,939▲ $107,877
Other Assets Total$22,512$24,913▲ $2,401
Liabilities
Unsecured Notes Loans Payable$1,668,941$1,640,974▼ $27,967
Escrow Account Liability$22,512$24,913▲ $2,401
Accounts Payable and Accrued Expenses$2,777--
Deferred Revenue$2,400$2,400→ $0
Total Liabilities$1,696,630$1,668,287▼ $28,343
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$820,168$974,028▲ $153,860
Net Assets With Donor Restrictions$115,264$97,624▼ $17,640
Total Net Assets Fund Balance$935,432$1,071,652▲ $136,220
Total Liabilities and Net Assets / Fund Balance$2,632,062$2,739,939▲ $107,877

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,898,433$1,482,747$3,381,180
Equipment$0$63,374$63,374
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleBaseTotal
Martin AnguelovDirector/bookkeeper$4,800$4,800

Board Members and Trustees

NameTitle
Hadley DutraPresident
Elizabeth HallettVice President
Laura Gallagher-byrneDirector
Marie LembergDirector
Meg BrowersDirector
Shantaw Bloise-myrphyDirector
Alicia GraziadeiClerk
John RiccioTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Bg Carpentry INCCarpentry Contractor Services8 COW POND LANE, Nantucket, MA 02254$250,329
Revenue and Support

Revenue Composition

Contributions and Grants
$449
Program Service Revenue
$319,925
Investment Income
$24,321
Other Revenue
$0
All Other Contributions
$449
Change in Net Assets
$107,364
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$223,418
Grants and Similar Amounts Paid$9,113
Salaries, Compensation, and Employee Benefits$4,800
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$83,888--$83,888
Interest$58,092--$58,092
Occupancy$20,327--$20,327
Other Expenses$19,819--$19,819
Insurance$6,045$10,692-$16,737
Fees for Services Other$8,250$1,965-$10,215
Grants to Domestic Orgs$9,113--$9,113
Fees for Services Accounting-$8,800-$8,800
Current Officers, Directors, Trustees, and Key Employees-$4,800-$4,800
Office Expenses$630$2,907-$3,537
Fees for Service Investment Mgmnt Fees-$2,003-$2,003
Total Functional Expenses$206,164$31,167$0$237,331
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Our House NantucketNantucket, MA501c3Classroom and Extracurricular Projects$9,113
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed by the board of directors prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Annual statements are received from each member of the board. The board shall regularly and consistently monitor and enforce compliance with this policy by reviewing annual statements and taking such other actions as necessary for effective oversight.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public on request. Financial statements, governing documents and tax returns are available to the public on the massachusetts attorney general's website.”

Filing and Contact Details

Filer

Filer Name
The Nantucket Education Trust Inc
EIN
04-3165556
Phone
5082287285
Address
PO BOX 3163, NANTUCKET, MA 02584-3163

Signing Officer

Name
John Riccio
Title
Treasurer
Phone
5082287285
Signed
2025-04-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Riccio
Formed
1992
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Smith Sullivan & Brown Pc
Address
80 FLANDERS ROAD SUITE 302, WESTBOROUGH, MA 01581
Preparer
Sandra M Brown CPA
Phone
5088717178
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

“The escrow account liability on part x line 21 consists of tenant security deposits which are held in a separate bank account. The deposits are refunded to the tenant partially or in full upon termination of the lease on a conditional basis based on the restoration needed to the unit.”

Raw XML AppendixShowing 400 of 416 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0NANTUCKET EDUCATION TRUST (NET) IS AN AUTONOMOUS ORGANIZATION WITH ITS OWN BY-LAWS AND BOARD OF DIRECTORS. ROOTED IN A COMMUNITY DISTINGUISHED BY ITS UNIQUE HISTORY AND SETTING, NET'S MISSION IS: TO ENHANCE EDUCATIONAL OPPORTUNITIES ON THE TOWN OF NANTUCKET BY MOBILIZING PRIVATE SECTOR RESOURCES AND EXPERTISE; TO FOSTER ALLIANCES AMONG BUSINESS, COMMUNITY AND SCHOOL INTERESTS, AND TO SERVE AS A CATALYST FOR PUBLIC AND PRIVATE PARTNERSHIPS THAT BENEFIT EDUCATION; TO PROMOTE THE EXCHANGE OF IDEAS AMONG ISLAND SCHOOLS AS WELL AS THOSE FROM OTHER COMMUNITIES; TO SUPPORT PROGRAMS THAT HONOR EXCELLENCE IN TEACHING AND LEARNING. NET CONTINUOUSLY SEEKS NEW WAYS TO SUPPORT EXISTING INITIATIVES AS WELL AS EXPLORE STRATEGIES FOR PROMOTING LASTING, SYSTEM-WIDE IMPROVEMENTS. IT IS THE ORGANIZATION'S GOAL TO TAP NEW SOURCES THAT CAN ASSIST TEACHERS AND STUDENTS, WHILE CONCURRENTLY IMPLEMENTING MORE EFFECTIVE SCHOOL PROGRAMS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt07750
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt09113
IRS990/GrantsToDomesticOrgsGrp/TotalAmt09113
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt050000
IRS990/GrossReceiptsAmt0386945
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt010692
IRS990/InsuranceGrp/ProgramServicesAmt06045
IRS990/InsuranceGrp/TotalAmt016737
IRS990/InterestGrp/ProgramServicesAmt058092
IRS990/InterestGrp/TotalAmt058092
IRS990/InvestmentIncomeGrp/ExclusionAmt016571
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt016571
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0NANTUCKET EDUCATION TRUST (NET) IS AN AUTONOMOUS ORGANIZATION WITH ITS OWN BY-LAWS AND BOARD OF DIRECTORS. ROOTED IN A COMMUNITY DISTINGUISHED BY ITS UNIQUE HISTORY AND SETTING, NET'S MISSION IS: TO ENHANCE EDUCATIONAL OPPORTUNITIES ON THE TOWN OF NANTUCKET BY MOBILIZING PRIVATE SECTOR RESOURCES AND EXPERTISE; TO FOSTER ALLIANCES AMONG BUSINESS, COMMUNITY AND SCHOOL INTERESTS, AND TO SERVE AS A CATALYST FOR PUBLIC AND PRIVATE PARTNERSHIPS THAT BENEFIT EDUCATION; TO PROMOTE THE EXCHANGE OF IDEAS AMONG ISLAND SCHOOLS AS WELL AS THOSE FROM OTHER COMMUNITIES; TO SUPPORT PROGRAMS THAT HONOR EXCELLENCE IN TEACHING AND LEARNING. NET CONTINUOUSLY SEEKS NEW WAYS TO SUPPORT EXISTING INITIATIVES AS WELL AS EXPLORE STRATEGIES FOR PROMOTING LASTING, SYSTEM-WIDE IMPROVEMENTS. IT IS THE ORGANIZATION'S GOAL TO TAP NEW SOURCES THAT CAN ASSIST TEACHERS AND STUDENTS, WHILE CONCURRENTLY IMPLEMENTING MORE EFFECTIVE SCHOOL PROGRAMS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0935432
IRS990/NetAssetsOrFundBalancesEOYAmt01071652
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt07750
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt07750
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0820168
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0974028
IRS990/NondeductibleContributionsInd00
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02907
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IRS990/OfficerMailingAddressInd00
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IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/TotalAmt019819
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOHN RICCIO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0319925
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0319925
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE EDUCATIONAL PROGRAMS IN THE NANTUCKET PUBLIC SCHOOL SYSTEM INCLUDING THE PURCHASE OF EQUIPMENT AND THE ISSUANCE OF GRANTS TO TEACHERS AND/OR STUDENTS, SPONSORSHIP OF LECTURES, SEMINARS, AND WORKSHOPS AND PARTICIPATION IN SATELLITE PROGRAMS COORDINATED BY THE SYSTEM, BUT OUTSIDE THE SCOOP OF ITS BUDGET PARAMETERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt028932
IRS990/ProgSrvcAccomActy2Grp/GrantAmt09113
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01210
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt018405
IRS990/PYInvestmentIncomeAmt04163
IRS990/PYOtherExpensesAmt0225287
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0304274
IRS990/PYRevenuesLessExpensesAmt061155
IRS990/PYSalariesCompEmpBnftPaidAmt04800
IRS990/PYTotalExpensesAmt0248492
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0309647
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0107364
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0319925
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0176011
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0227803
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0449
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01210
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt04100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt010459
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt016571
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt019746
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt010723
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01801
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05345
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt054186
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01543884
IRS990ScheduleA/PrivateFoundation170Ind0X
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.13840
IRS990ScheduleA/PublicSupportPY170Pct00.23660
IRS990ScheduleA/PublicSupportTotal170Amt08945
IRS990ScheduleA/SubstantialContributorsTotAmt01514
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0449
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01210
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt04100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01200
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010459
IRS990ScheduleA/TotalSupportAmt064645
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01898433
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01482747
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03381180
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt063374
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt063374
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ESCROW ACCOUNT LIABILITY ON PART X LINE 21 CONSISTS OF TENANT SECURITY DEPOSITS WHICH ARE HELD IN A SEPARATE BANK ACCOUNT. THE DEPOSITS ARE REFUNDED TO THE TENANT PARTIALLY OR IN FULL UPON TERMINATION OF THE LEASE ON A CONDITIONAL BASIS BASED ON THE RESTORATION NEEDED TO THE UNIT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01898433
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt09113
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CLASSROOM AND EXTRACURRICULAR PROJECTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0OUR HOUSE NANTUCKET
IRS990ScheduleI/RecipientTable/RecipientEIN0873745127
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05 WHEROWHERO LANE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NANTUCKET
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002554
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0NET HAS SUPPORTED CLASSROOM AND EXTRACURRICULAR PROJECTS, UNDERWRITTEN MINI-GRANTS TO TEACHERS AND STAFF FOR PROFESSIONAL DEVELOPMENT, BOOSTED NEW SPORTS PROGRAMS, AND HELPED FUND PRESCHOOL EDUCATION. ORGANIZATIONS AND INDIVIDUALS COMPLETE THE GRANT APPLICATION AND ARE CHOSEN BY THE BOARD.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL STATEMENTS ARE RECEIVED FROM EACH MEMBER OF THE BOARD. THE BOARD SHALL REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THIS POLICY BY REVIEWING ANNUAL STATEMENTS AND TAKING SUCH OTHER ACTIONS AS NECESSARY FOR EFFECTIVE OVERSIGHT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON REQUEST. FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND TAX RETURNS ARE AVAILABLE TO THE PUBLIC ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt02739939
IRS990/TotalAssetsGrp/BOYAmt02632062
IRS990/TotalAssetsGrp/EOYAmt02739939
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0449
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0206164
IRS990/TotalFunctionalExpensesGrp/TotalAmt0237331
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt01668287
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IRS990/TotalLiabilitiesGrp/EOYAmt01668287
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01071652
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IRS990/TotalProgramServiceRevenueAmt0319925
IRS990/TotalReportableCompFromOrgAmt04800
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0344695
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01668941
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01640974
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 3163
IRS990/USAddress/CityNm0NANTUCKET
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd0025843163
IRS990/VotingMembersGoverningBodyCnt09
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IRS990/WebsiteAddressTxt0WWW.NANTUCKETEDUCATIONTRUST.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN RICCIO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05082287285
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE NANTUCKET EDUCATION TRUST INC
ReturnHeader/Filer/BusinessNameControlTxt0NANT
ReturnHeader/Filer/EIN0043165556
ReturnHeader/Filer/PhoneNum05082287285
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 3163
ReturnHeader/Filer/USAddress/CityNm0NANTUCKET
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA

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