Civic Intelligence

The Nantucket Education Trust Inc

990 • Fiscal year 2014 • EIN 04-3165556

Jan 01, 2014 to Dec 31, 2014 • Filed on May 13, 2015

Organization ProfileNANTUCKETEDUCATIONTRUST.ORG
6C Cow Pond LaneNantucket, MA 02584

(508) 228-4422

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

90th percentile

0.95x

Higher debt load relative to assets than 90% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

97th percentile

9.27x

Higher debt load relative to revenue than 97% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

37th percentile

-0.8%

Higher net margin than 37% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

35th percentile

-1.6%

Faster asset growth than 35% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

18th percentile

-13%

Faster revenue growth than 18% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$2,463,335

Down $39,159 (-1.6%) from 2013

Net Assets

Down

$123,797

Down $2,024 (-1.6%) from 2013

Liabilities

Down

$2,339,538

Down $37,135 (-1.6%) from 2013

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin37th percentile

Revenue

Down

$252,484

Down $36,866 (-13%) from 2013

Expenses

Down

$254,508

Down $28,897 (-10%) from 2013

Net Income

Down

-$2,024

Down $7,969 (-134%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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: $1,071,6522024Assets 2025: $2,861,400Liabilities 2025: $1,658,870Net Assets 2025: $1,202,5302025

Highlighted filing

2014

Assets$2,463,335
Liabilities$2,339,538
Net Assets$123,797
Open 2014 Filing

Operations Trend

Revenue Growth18th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$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: $107,3642024Revenue 2025: $431,776Expenses 2025: $307,304Net Income 2025: $124,4722025

Highlighted filing

2014

Revenue$252,484
Expenses$254,508
Net Income-$2,024
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 13, 2015
Return Version
2014v5.0
Gross Receipts
$252,484
Mission and Program Overview

Mission

To generate private support for public education on nantucket, to foster private and public partnerships that benefit the children of nantucket public schools, and to honor excellence in teaching and learning.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,416,346$2,340,202▼ $76,144
Cash and Non-Interest-Bearing Accounts$76,859$122,832▲ $45,973
Accounts Receivable$9,289$301▼ $8,988
Total Assets$2,502,494$2,463,335▼ $39,159
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,337,855$2,262,599▼ $75,256
Accounts Payable and Accrued Expenses$38,818$46,211▲ $7,393
Deferred Revenue-$30,728-
Total Liabilities$2,376,673$2,339,538▼ $37,135
Net Assets / Fund Balance
Unrestricted Net Assets$80,929$90,991▲ $10,062
Temporarily Rstr Net Assets$44,892$32,806▼ $12,086
Total Net Assets Fund Balance$125,821$123,797▼ $2,024
Total Liabilities and Net Assets / Fund Balance$2,502,494$2,463,335▼ $39,159

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,340,202$751,217$3,091,419
Equipment-$25,667$25,667
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Robert LiddleChairman
Caitlin WaddingtonDirector
Jana DuarteDirector
Michael CozortDirector
Virna GonzalezDirector
William FerrallDirector
Robin HarveySecretary
Pauline ProchTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,124
Program Service Revenue
$241,340
Investment Income
$20
Other Revenue
$0
All Other Contributions
$11,124
Change in Net Assets
$-2,024

Audited Revenue Reconciliation

Revenue per Audited Statements
$252,484
Total Revenue per Audited Statements
$252,484
Total Revenue per Form 990
$252,484
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$254,508
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$98,329--$98,329
Depreciation Depletion$76,144--$76,144
Insurance$13,500$4,102-$17,602
Other Expenses$9,501--$9,501
Fees for Services Accounting-$3,245-$3,245
All Other Expenses-$2,553-$2,553
Total Functional Expenses$244,608$9,900$0$254,508

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$254,508
Total Expenses per Audited Statements$254,508
Total Expenses per Form 990$254,508
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
Backup withholding compliance
Yes
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“.”

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 12C

“Annual statments are received from each member of the board. Any complaints are investigated by the chair of the board and referred to the attorney general if necessary.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents , conflict of interest policy and financial statements available to the public. The are maintianed at the organizations office and are available on request. Financial statements and governing documents and tax returns are available to the public on the mass attorney generals web site and the mass secretary of”

Filing and Contact Details

Filer

Filer Name
Nantucket Education Trust
EIN
04-3165556
Phone
5082284422
Address
6C COW POND LANE, NANTUCKET, MA 02584

Signing Officer

Name
Robert Liddle
Title
President
Phone
5082284422
Signed
2015-05-13

Organization Details

Formed
1992
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
HURLEY O'NEILL & COMPANY PC
Address
36 MILLER STILE RD, QUINCY, MA 02169-5423
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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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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0751217
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03091419
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025667
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IRS990ScheduleD/TotalExpensesPerForm990Amt0254508
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL STATMENTS ARE RECEIVED FROM EACH MEMBER OF THE BOARD. ANY COMPLAINTS ARE INVESTIGATED BY THE CHAIR OF THE BOARD AND REFERRED TO THE ATTORNEY GENERAL IF NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS , CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE ARE MAINTIANED AT THE ORGANIZATIONS OFFICE AND ARE AVAILABLE ON REQUEST. FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AND TAX RETURNS ARE AVAILABLE TO THE PUBLIC ON THE MASS ATTORNEY GENERALS WEB SITE AND THE MASS SECRETARY OF
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxExemptBondsInd0false
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IRS990/WebsiteAddressTxt0HTTP://NANTUCKETEDUCATIONTRUST.ORG/
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT LIDDLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05082284422
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NANTUCKET EDUCATION TRUST
ReturnHeader/Filer/BusinessNameControlTxt0NANT
ReturnHeader/Filer/EIN0043165556
ReturnHeader/Filer/PhoneNum05082284422
ReturnHeader/Filer/USAddress/AddressLine1Txt06C COW POND LANE
ReturnHeader/Filer/USAddress/CityNm0NANTUCKET
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002584
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043520245
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HURLEY O'NEILL & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt036 MILLER STILE RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0QUINCY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0021695423
ReturnHeader/PreparerPersonGrp/PreparationDt02015-05-13
ReturnHeader/ReturnTs02015-05-13T09:32:02-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,463,335
Liabilities
$2,339,538
Net assets
$123,797
Revenue
$252,484
Expenses
$254,508
Net income
-$2,024
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.86$1.66$1.20$0.43$0.31$0.12
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