Liabilities / Assets
47th percentile
Higher debt load relative to assets than 47% of similar nonprofits.
Nahant Preservation Trust Inc.
990 • Fiscal year 2017 • EIN 04-3377763
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.08x
Liabilities / Revenue
85th percentile
Higher debt load relative to revenue than 85% of similar nonprofits.
Net Margin
30th percentile
Higher net margin than 30% of similar nonprofits.
Top Officer Pay
35th percentile
Higher top officer pay than 35% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
35th percentile
Faster asset growth than 35% of similar nonprofits.
Revenue Growth
63rd percentile
Faster revenue growth than 63% of similar nonprofits.
Balance Sheet
Assets
Down$1,957,667
Down $18,976 (-1.0%) from 2016
Net Assets
Down$1,804,936
Down $5,462 (-0.3%) from 2016
Liabilities
Down$152,731
Down $13,514 (-8.1%) from 2016
Revenue And Expenses
Revenue
Up$162,801
Up $16,203 (+11%) from 2016
Expenses
Up$168,263
Up $17,744 (+12%) from 2016
Net Income
Down-$5,462
Down $1,541 (-39%) from 2016
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2017 to Dec 31, 2017
- Signed
- Mar 5, 2018
- Return Version
- 2017v2.2
- Gross Receipts
- $162,801
Mission and Program Overview
Mission
The restoration of historic Coast Guard Station and community center; charge rental fees for use to sustain the purposes to preserve the properties for benefit of the public and community.
The nahant preservation trust ("npt") is an all-volunteer, not-for-profit charitable corporation whose mission is to preserve our open spaces, historically significant properties, and our conservation lands for public and community beneft.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $1,950,574 | $1,923,581 | ▼ $26,993 |
| Cash and Non-Interest-Bearing Accounts | $10,094 | $18,873 | ▲ $8,779 |
| Investments Other Securities | $15,000 | $15,000 | → $0 |
| Loans From Officers Directors | $13,772 | $5,925 | ▼ $7,847 |
| Accounts Receivable | $975 | - | - |
| Prepaid Expenses and Deferred Charges | - | $213 | - |
| Total Assets | $1,976,643 | $1,957,667 | ▼ $18,976 |
| Liabilities | |||
| Deferred Revenue | $150,223 | $139,556 | ▼ $10,667 |
| Accounts Payable and Accrued Expenses | $2,250 | $7,250 | ▲ $5,000 |
| Total Liabilities | $166,245 | $152,731 | ▼ $13,514 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $1,810,398 | $1,804,936 | ▼ $5,462 |
| Total Net Assets Fund Balance | $1,810,398 | $1,804,936 | ▼ $5,462 |
| Total Liabilities and Net Assets / Fund Balance | $1,976,643 | $1,957,667 | ▼ $18,976 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $1,668,645 | $789,986 | $2,458,631 |
| Land | $232,800 | - | $232,800 |
| Leasehold Improvements | $21,507 | $2,043 | $23,550 |
| Other Land Buildings | $629 | $33 | $662 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Emily Potts | President |
| Alex Eaton | Director |
| Amy Klee | Director |
| Carl Jenkins | Director |
| Christopher Rogers | Director |
| Edith Hunnewell | Director |
| Ellen Steeves | Director |
| John Dineen | Director |
| Jonathan Gilman | Director |
| Judy Walsh | Director |
| Karent Falat | Director |
| Kenneth Turino | Director |
| Laura Michaud | Director |
| Maryann Corinha | Director |
| Mickey Long | Director |
| Paul Richardson | Director |
| Peter Vernam | Director |
| Rebecca Richardson | Director |
| Robert Risch | Director |
| Roz Puleo | Director |
| Ruthanne Switzer | Director |
| Sara Christie | Director |
| Jeffrey Musman | Clerk |
| Dennis Maroney | Treasurer |
| Mark Cullinan | Vice Preside |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $29,348
- Program Service Revenue
- $133,453
- Investment Income
- $0
- Other Revenue
- $0
- All Other Contributions
- $27,839
- Change in Net Assets
- $-5,462
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $165,016 |
| Grants and Similar Amounts Paid | $3,247 |
| Total Fundraising Expense | $1,650 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Depreciation Depletion | $70,208 | - | - | $70,208 |
| Occupancy | $20,074 | - | - | $20,074 |
| All Other Expenses | $14,650 | $282 | - | $14,932 |
| Other Expenses | $8,422 | - | - | $8,422 |
| Grants to Domestic Orgs | $3,247 | - | - | $3,247 |
| Fees for Services Accounting | - | $3,063 | - | $3,063 |
| Advertising | - | - | $1,650 | $1,650 |
| Office Expenses | - | $480 | - | $480 |
| Conferences and Meetings | - | $400 | - | $400 |
| Interest | $382 | - | - | $382 |
| Total Functional Expenses | $162,388 | $4,225 | $1,650 | $168,263 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $13,772 | $5,925 | ▼ $7,847 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- 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
- No
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Page 6, Part VI, Line 9
“Emily potts 114 pond street nahant, ma 01908 maryann corinha 21 high st nahant, ma 01908 jeffrey musman 15 trimountain rd nahant, ma 01908 dennis maroney 98 washington sq east, 2 salem, ma 01970 sara christie 66 ocean st nahant, ma 01908 mark cullinan 38 ocean st nahant, ma 01908 john dineen 40 pleasant st nahant, ma 01908 alex eaton 130 castle road nahant, ma 01908 karent falat 185 bass point road nahant, ma 01908 jonathan gilman colby way nahant, ma 01908 edith hunnewell 174 willow road nahant, ma 01908 carl jenkins 305 nahant road nahant, ma 01908 amy klee 220 nahant road nahant, ma 01908 mickey long 263 nahant road nahant, ma 01908 laura michaud 11 tudor road nahant, ma 01908 roz puleo 21 greystone rd nahant, ma 01908 rebecca richardson 58 winter street nahant, ma 01908 paul richardson 7 intervale road nahant, ma 01908 robert risch 405 nahant road nahant, ma 01908 christopher rogers 46 ocean street nahant, ma 01908 ellen steeves 55 castle road nahant, ma 01908 ruthanne switzer 18 harbor view rd nahant, ma 01908 kenneth turino 5 lafayette terrace nahant, ma 01908 peter vernam 21 high st nahant, ma 01908 judy walsh 33 high st nahant, ma 01908”
Form 990, Page 6, Part VI, Line 11B
“Return is reviewed and approved by the treasurer prior to filing.”
Form 990, Page 6, Part VI, Line 19
“Form 990 and ma form pc are available at the massachusetts attorney general's website. Governing documents are available at the massachusetts secretary of state's website. The organizations conflict of interest policy is available upon request.”
Filing and Contact Details
Filer
- Filer Name
- Nahant Preservation Trust Inc
- EIN
- 04-3377763
- Phone
- 5088785118
- Address
- PO BOX 30, NAHANT, MA 01908
Signing Officer
- Name
- Dennis Maroney
- Title
- Treasurer
- Phone
- 5088785118
- Signed
- 2018-03-05
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Emily Potts
- Formed
- 1996
- Legal Domicile
- Ma
- Voting Board Members
- 25
- Independent Board Members
- 25
- Employees
- 0
Preparer
- Firm
- Michael L Hamlin CPA
- Address
- 184 PLEASANT VALLEY ST STE 2-201, METHUEN, MA 01844-5853
- Preparer
- Michael L Hamlin
- Phone
- 7814357284
Supplemental Narrative
Additional Explanations
FORM 990 - ORGANIZATION'S MISSION
“The nahant preservation trust ("npt") is an all-volunteer, not-for-profit charitable corporation whose mission is to preserve our open spaces, historically significant properties, and our conservation lands for public and community beneft.”
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | VICE PRESIDE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 18 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 19 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 20 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 21 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 22 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 23 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 24 | DIRECTOR |
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| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 1 | 2020 |
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| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 1 | LYNNE SPENCER |
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| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 1 | MEMBER |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE NAHANT PRESERVATION TRUST ("NPT") IS AN ALL-VOLUNTEER, NOT-FOR-PROFIT CHARITABLE CORPORATION WHOSE MISSION IS TO PRESERVE OUR OPEN SPACES, HISTORICALLY SIGNIFICANT PROPERTIES, AND OUR CONSERVATION LANDS FOR PUBLIC AND COMMUNITY BENEFT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EMILY POTTS 114 POND STREET NAHANT, MA 01908 MARYANN CORINHA 21 HIGH ST NAHANT, MA 01908 JEFFREY MUSMAN 15 TRIMOUNTAIN RD NAHANT, MA 01908 DENNIS MARONEY 98 WASHINGTON SQ EAST, 2 SALEM, MA 01970 SARA CHRISTIE 66 OCEAN ST NAHANT, MA 01908 MARK CULLINAN 38 OCEAN ST NAHANT, MA 01908 JOHN DINEEN 40 PLEASANT ST NAHANT, MA 01908 ALEX EATON 130 CASTLE ROAD NAHANT, MA 01908 KARENT FALAT 185 BASS POINT ROAD NAHANT, MA 01908 JONATHAN GILMAN COLBY WAY NAHANT, MA 01908 EDITH HUNNEWELL 174 WILLOW ROAD NAHANT, MA 01908 CARL JENKINS 305 NAHANT ROAD NAHANT, MA 01908 AMY KLEE 220 NAHANT ROAD NAHANT, MA 01908 MICKEY LONG 263 NAHANT ROAD NAHANT, MA 01908 LAURA MICHAUD 11 TUDOR ROAD NAHANT, MA 01908 ROZ PULEO 21 GREYSTONE RD NAHANT, MA 01908 REBECCA RICHARDSON 58 WINTER STREET NAHANT, MA 01908 PAUL RICHARDSON 7 INTERVALE ROAD NAHANT, MA 01908 ROBERT RISCH 405 NAHANT ROAD NAHANT, MA 01908 CHRISTOPHER ROGERS 46 OCEAN STREET NAHANT, MA 01908 ELLEN STEEVES 55 CASTLE ROAD NAHANT, MA 01908 RUTHANNE SWITZER 18 HARBOR VIEW RD NAHANT, MA 01908 KENNETH TURINO 5 LAFAYETTE TERRACE NAHANT, MA 01908 PETER VERNAM 21 HIGH ST NAHANT, MA 01908 JUDY WALSH 33 HIGH ST NAHANT, MA 01908 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | RETURN IS REVIEWED AND APPROVED BY THE TREASURER PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | FORM 990 AND MA FORM PC ARE AVAILABLE AT THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. GOVERNING DOCUMENTS ARE AVAILABLE AT THE MASSACHUSETTS SECRETARY OF STATE'S WEBSITE. THE ORGANIZATIONS CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 9 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
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| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | MA |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 1976643 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $1,957,667
- Liabilities
- $152,731
- Net assets
- $1,804,936
- Revenue
- $162,801
- Expenses
- $168,263
- Net income
- -$5,462