Civic Intelligence

The Nantucket Education Trust Inc

990 • Fiscal year 2019 • EIN 04-3165556

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 26, 2020

PO Box 3163Nantucket, MA 02584-3163

(508) 228-7285

Siviq Scores

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

Liabilities / Assets

88th percentile

0.75x

Higher debt load relative to assets than 88% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

5.08x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

89th percentile

41%

Higher net margin than 89% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

37th percentile

$3,200

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

54th percentile

4.3%

Faster asset growth than 54% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

31st percentile

-3.7%

Faster revenue growth than 31% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,546,158

Up $104,145 (+4.3%) from 2018

Net Assets

Up

$647,463

Up $154,508 (+31%) from 2018

Liabilities

Down

$1,898,695

Down $50,363 (-2.6%) from 2018

Revenue

Down

$373,726

Down $14,377 (-3.7%) from 2018

Expenses

Down

$219,218

Down $36,145 (-14%) from 2018

Net Income

Up

$154,508

Up $21,768 (+16%) from 2018

Historical Trend

Balance Sheet Trend

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

2019

Assets$2,546,158
Liabilities$1,898,695
Net Assets$647,463

Operations Trend

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

2019

Revenue$373,726
Expenses$219,218
Net Income$154,508
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 26, 2020
Return Version
2019v5.1
Gross Receipts
$373,726
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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,080,803$2,038,616▼ $42,187
Savings and Temporary Cash Investments-$369,249-
Cash and Non-Interest-Bearing Accounts$358,200$82,455▼ $275,745
Pledges and Grants Receivable-$25,000-
Accounts Receivable$3,010$7,200▲ $4,190
Total Assets$2,442,013$2,546,158▲ $104,145
Other Assets Total$0$23,638▲ $23,638
Liabilities
Unsecured Notes Loans Payable$1,922,468$1,865,986▼ $56,482
Escrow Account Liability$23,923$23,638▼ $285
Deferred Revenue$0$9,000▲ $9,000
Accounts Payable and Accrued Expenses$2,667$71▼ $2,596
Total Liabilities$1,949,058$1,898,695▼ $50,363
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$386,779$500,269▲ $113,490
Net Assets With Donor Restrictions$106,176$147,194▲ $41,018
Total Net Assets Fund Balance$492,955$647,463▲ $154,508
Total Liabilities and Net Assets / Fund Balance$2,442,013$2,546,158▲ $104,145

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,010,315$1,084,664$3,094,979
Equipment$28,301$35,073$63,374
Compensation and Service Providers

Employees

NameTitleBaseTotal
Martin AnguelovDirector$3,200$3,200

Board Members and Trustees

NameTitle
Pauline ProchPresident
William Michael CozortVice President
Chris VineisDirector
Hadley DutraDirector
Robert LiddleDirector
Tracy RobertsClerk
John RiccioTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$66,718
Program Service Revenue
$304,565
Investment Income
$2,443
Other Revenue
$0
All Other Contributions
$66,718
Change in Net Assets
$154,508

Audited Revenue Reconciliation

Revenue per Audited Statements
$373,726
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$18,275
Total Revenue per Audited Statements
$392,001
Total Revenue per Form 990
$373,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$211,468
Grants and Similar Amounts Paid$7,750
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$84,516--$84,516
Interest$76,282--$76,282
Occupancy$27,987--$27,987
Grants to Domestic Orgs$7,750--$7,750
Fees for Services Accounting-$6,220-$6,220
Insurance-$5,263-$5,263
Travel$4,724--$4,724
Fees for Services Management$4,617--$4,617
Fees for Services Legal-$264-$264
Other Expenses$1,372$223-$223
Total Functional Expenses$207,248$11,970$0$219,218

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$237,493
Expenses per Audited Statements$219,218
Total Expenses per Form 990$219,218
Expenses Not Reported on Form 990$18,275
Expenses Not Reported on Financial Statements$0
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
2020-03-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Riccio
Formed
1992
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Smith Sullivan & Brown Pc
Address
80 FLANDERS ROAD - SUITE 200, 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 consits 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 428 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/OtherExpensesGrp/TotalAmt01372
IRS990/OtherExpensesGrp/TotalAmt1223
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt025000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOHN RICCIO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0304565
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0304565
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE EDUCATIONAL PROGRAMS IN THE NANTUCKET PUBLIC SCHOOL SYSTEM INCLUDING PURCHASE OF EQUIPMENT, PAYMENT OF SALARIES & GRANTS FOR TEACHERS, SPONSORSHIP OF LECTURES, SEMINARS AND WORKSHOPS, AND PARTICIPATION IN THE SATELLITE PROGRAMS COORDINATED BY THE SCHOOL.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt013846
IRS990/ProgSrvcAccomActy2Grp/GrantAmt07750
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt079007
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt014800
IRS990/PYInvestmentIncomeAmt0132
IRS990/PYOtherExpensesAmt0240563
IRS990/PYOtherRevenueAmt024000
IRS990/PYProgramServiceRevenueAmt0284964
IRS990/PYRevenuesLessExpensesAmt0132740
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0255363
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0388103
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0154508
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0304565
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0369249
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt02176
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0700
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt02876
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt066718
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt079007
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt09847
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt095413
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt050915
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0301900
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02443
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0132
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt030
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt058
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt011
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02674
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0304565
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0308964
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0258332
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0257836
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0253064
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01382761
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02443
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0132
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt030
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt058
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02674
IRS990ScheduleA/InvestmentIncomeCYPct00.00160
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99670
IRS990ScheduleA/PublicSupportPY509Pct00.99800
IRS990ScheduleA/PublicSupportTotal509Amt01681785
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt02176
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0700
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt02876
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0371283
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0387971
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0268179
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0353249
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0303979
IRS990ScheduleA/Total509Grp/TotalAmt01684661
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0373726
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0388103
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0268209
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0353307
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0303990
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01687335
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02010315
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01084664
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03094979
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt018275
IRS990ScheduleD/DonatedServicesUseFcltsAmt018275
IRS990ScheduleD/EquipmentGrp/BookValueAmt028301
IRS990ScheduleD/EquipmentGrp/DepreciationAmt035073
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt063374
IRS990ScheduleD/ExpensesNotReportedAmt018275
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0219218
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/RevenueNotReportedAmt018275
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0373726
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ESCROW ACCOUNT LIABILITY ON PART X LINE 21 CONSITS 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/TotalBookValueLandBuildingsAmt02038616
IRS990ScheduleD/TotalExpensesPerForm990Amt0219218
IRS990ScheduleD/TotalRevenuePerForm990Amt0373726
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0392001
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0237493
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
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02442013
IRS990/TotalAssetsEOYAmt02546158
IRS990/TotalAssetsGrp/BOYAmt02442013
IRS990/TotalAssetsGrp/EOYAmt02546158
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt066718
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011970
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0207248
IRS990/TotalFunctionalExpensesGrp/TotalAmt0219218
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01949058
IRS990/TotalLiabilitiesEOYAmt01898695
IRS990/TotalLiabilitiesGrp/BOYAmt01949058
IRS990/TotalLiabilitiesGrp/EOYAmt01898695
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0492955
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0647463
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0207248
IRS990/TotalProgramServiceRevenueAmt0304565
IRS990/TotalReportableCompFromOrgAmt03200
IRS990/TotalRevenueGrp/ExclusionAmt02443
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0304565
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0373726
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02442013
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02546158
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt04724
IRS990/TravelGrp/TotalAmt04724
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01922468
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01865986
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 3163
IRS990/USAddress/CityNm0NANTUCKET
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd0025843163
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.NANTUCKETEDUCATIONTRUST.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN RICCIO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05082287285
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE NANTUCKET EDUCATION TRUST INC

Document Assets

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Filings

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