Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
990 • Fiscal year 2019 • EIN 04-3165556
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
Liabilities / Revenue
96th percentile
Higher debt load relative to revenue than 96% of similar nonprofits.
Net Margin
89th percentile
Higher net margin than 89% of similar nonprofits.
Top Officer Pay
37th percentile
Higher top officer pay than 37% of similar nonprofits.
Top officer pay equals 0.9% of source-year revenue.
Asset Growth
54th percentile
Faster asset growth than 54% of similar nonprofits.
Revenue Growth
31st percentile
Faster revenue growth than 31% of similar nonprofits.
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
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $2,010,315 | $1,084,664 | $3,094,979 |
| Equipment | $28,301 | $35,073 | $63,374 |
| Name | Title | Base | Total |
|---|---|---|---|
| Martin Anguelov | Director | $3,200 | $3,200 |
| Name | Title |
|---|---|
| Pauline Proch | President |
| William Michael Cozort | Vice President |
| Chris Vineis | Director |
| Hadley Dutra | Director |
| Robert Liddle | Director |
| Tracy Roberts | Clerk |
| John Riccio | Treasurer |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The form 990 is reviewed by the board of directors prior to filing.”
“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.”
“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.”
“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.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 1 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 2667 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 71 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 3010 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 7200 |
| IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
| IRS990/AllOtherContributionsAmt | 0 | 66718 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 0 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | MARTIN ANGUELOV |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 5082287285 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 10 SURFSIDE ROAD |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | NANTUCKET |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 02554 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 358200 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 82455 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 1 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 66718 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 7750 |
| IRS990/CYInvestmentIncomeAmt | 0 | 2443 |
| IRS990/CYOtherExpensesAmt | 0 | 211468 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 304565 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 154508 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 219218 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 373726 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 0 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 9000 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 84516 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 84516 |
| IRS990/Desc | 0 | BUILD AND MAINTAIN 12 RENTAL HOUSING UNITS FOR THE BENEFIT OF TEACHERS AND SCHOOL STAFF. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 106176 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 147194 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/BOYAmt | 0 | 23923 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 23638 |
| IRS990/ExpenseAmt | 0 | 193402 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 6220 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 6220 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 264 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 264 |
| IRS990/FeesForServicesManagementGrp/ProgramServicesAmt | 0 | 4617 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 4617 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | PAULINE PROCH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | JOHN RICCIO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | WILLIAM MICHAEL COZORT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | TRACY ROBERTS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | CHRIS VINEIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | HADLEY DUTRA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | ROBERT LIDDLE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | MARTIN ANGUELOV |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 3200 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | CLERK |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1992 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 8 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 7750 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 7750 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 373726 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 8 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 5263 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 5263 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 76282 |
| IRS990/InterestGrp/TotalAmt | 0 | 76282 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 2443 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 2443 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 4 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 1119737 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 2080803 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 2038616 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 3158353 |
| IRS990/LegalDomicileStateCd | 0 | MA |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 492955 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 647463 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 386779 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 500269 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 27987 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 27987 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 0 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 23638 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | PROGRAM EXPENSES |
| IRS990/OtherExpensesGrp/Desc | 1 | MISCELLANEOUS |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 223 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 1372 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 1372 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 223 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 25000 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | JOHN RICCIO |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531390 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | RENTAL INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 304565 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 304565 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | PROVIDE 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/ExpenseAmt | 0 | 13846 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 7750 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 79007 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 14800 |
| IRS990/PYInvestmentIncomeAmt | 0 | 132 |
| IRS990/PYOtherExpensesAmt | 0 | 240563 |
| IRS990/PYOtherRevenueAmt | 0 | 24000 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 284964 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 132740 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 255363 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 388103 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 154508 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 304565 |
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| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt | 0 | 700 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 2876 |
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| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 9847 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 95413 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 50915 |
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| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 30 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 58 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 11 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 2674 |
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| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 258332 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 257836 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 253064 |
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| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART IV, LINE 2B: |
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| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 219218 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION C, LINE 19 |
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| IRS990/TypeOfOrganizationCorpInd | 0 | X |
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| IRS990/USAddress/CityNm | 0 | NANTUCKET |
| IRS990/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990/USAddress/ZIPCd | 0 | 025843163 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 8 |
| IRS990/VotingMembersIndependentCnt | 0 | 8 |
| IRS990/WebsiteAddressTxt | 0 | WWW.NANTUCKETEDUCATIONTRUST.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2020-09-23 17:36:50Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JOHN RICCIO |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5082287285 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-03-26 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE NANTUCKET EDUCATION TRUST INC |
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Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.