Civic Intelligence

Palliative and Supportive Care of Nantucket Foundation Inc.

990 • Fiscal year 2018 • EIN 27-2969889

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

57 Prospect StreetNantucket, MA 02554

(508) 680-1559

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$2,569,307

Flat from 2018

Net Assets

Flat

$2,535,167

Flat from 2018

Liabilities

Flat

$34,140

Flat from 2018

Revenue And Expenses

Revenue

Flat

$700,088

Flat from 2018

Expenses

Flat

$576,017

Flat from 2018

Net Income

Flat

$124,071

Flat from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,429,097Liabilities 2011: $45,699Net Assets 2011: $1,383,3982011Assets 2012: $1,487,344Liabilities 2012: $30,464Net Assets 2012: $1,456,8802012Assets 2013: $1,701,105Liabilities 2013: $60,941Net Assets 2013: $1,640,1642013Assets 2014: $1,846,438Liabilities 2014: $25,677Net Assets 2014: $1,820,7612014Assets 2015: $1,993,806Liabilities 2015: $34,562Net Assets 2015: $1,959,2442015Assets 2016: $2,334,372Liabilities 2016: $61,902Net Assets 2016: $2,272,4702016Assets 2017: $2,588,063Liabilities 2017: $31,821Net Assets 2017: $2,556,2422017Assets 2018: $2,569,307Liabilities 2018: $34,140Net Assets 2018: $2,535,1672018Assets 2018: $2,569,307Liabilities 2018: $34,140Net Assets 2018: $2,535,1672018Assets 2019: $3,089,517Liabilities 2019: $73,953Net Assets 2019: $3,015,5642019Assets 2020: $3,439,870Liabilities 2020: $139,631Net Assets 2020: $3,300,2392020Assets 2021: $4,089,166Liabilities 2021: $58,453Net Assets 2021: $4,030,7132021Assets 2022: $3,789,226Liabilities 2022: $82,454Net Assets 2022: $3,706,7722022Assets 2023: $5,133,519Liabilities 2023: $51,940Net Assets 2023: $5,081,5792023Assets 2024: $5,501,311Liabilities 2024: $54,516Net Assets 2024: $5,446,7952024

Highlighted filing

2018

Assets$2,569,307
Liabilities$34,140
Net Assets$2,535,167

Operations Trend

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

$1.5M$1.0M$500K$0Expenses 2011: $377,2212011Expenses 2012: $399,9492012Revenue 2013: $539,228Expenses 2013: $407,597Net Income 2013: $131,6312013Revenue 2014: $627,360Expenses 2014: $407,175Net Income 2014: $220,1852014Revenue 2015: $711,428Expenses 2015: $472,907Net Income 2015: $238,5212015Revenue 2016: $772,935Expenses 2016: $477,199Net Income 2016: $295,7362016Revenue 2017: $713,758Expenses 2017: $473,825Net Income 2017: $239,9332017Revenue 2018: $700,088Expenses 2018: $576,017Net Income 2018: $124,0712018Revenue 2018: $700,088Expenses 2018: $576,017Net Income 2018: $124,0712018Revenue 2019: $1,035,418Expenses 2019: $607,592Net Income 2019: $427,8262019Revenue 2020: $782,870Expenses 2020: $697,601Net Income 2020: $85,2692020Revenue 2021: $1,373,367Expenses 2021: $656,504Net Income 2021: $716,8632021Revenue 2022: $901,521Expenses 2022: $640,194Net Income 2022: $261,3272022Revenue 2023: $1,433,050Expenses 2023: $686,166Net Income 2023: $746,8842023Revenue 2024: $1,002,271Expenses 2024: $716,747Net Income 2024: $285,5242024

Highlighted filing

2018

Revenue$700,088
Expenses$576,017
Net Income$124,071
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$872,040
Mission and Program Overview

Mission

Organization dedicated to supporting, through funding or otherwise, palliative and supportive care services for the benefit of the nantucket community, as well as increasing awareness and providing community education and outreach about palliative and supportive care, including end of life care, and related issues

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,709,733$1,681,126▼ $28,607
Savings and Temporary Cash Investments$872,259$880,923▲ $8,664
Prepaid Expenses and Deferred Charges$6,071$7,258▲ $1,187
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$2,588,063$2,569,307▼ $18,756
Liabilities
Accounts Payable and Accrued Expenses$31,821$34,140▲ $2,319
Total Liabilities$31,821$34,140▲ $2,319
Net Assets / Fund Balance
Unrestricted Net Assets$2,222,468$2,208,593▼ $13,875
Temporarily Rstr Net Assets$298,774$291,574▼ $7,200
Permanently Rstr Net Assets$35,000$35,000→ $0
Total Net Assets Fund Balance$2,556,242$2,535,167▼ $21,075
Total Liabilities and Net Assets / Fund Balance$2,588,063$2,569,307▼ $18,756

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$3,867$3,867

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$1,097,352-▼ $22,110-$1,067,589
2017$938,826-▲ $165,519-$1,097,352
2016$879,845-▲ $65,262-$938,826
2015$916,840-▼ $30,665-$879,845
2014$905,162-▲ $18,106-$916,840
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$205,102
Program Service Revenue
$0
Investment Income
$119,534
Other Revenue
$375,452
All Other Contributions
$205,102
Change in Net Assets
$124,071

Audited Revenue Reconciliation

Revenue per Audited Statements
$692,435
Revenue Not Reported on Financial Statements
$7,653
Revenue Not Reported on Form 990
$-137,493
Total Revenue per Audited Statements
$554,942
Total Revenue per Form 990
$700,088
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$421,243
Grants and Similar Amounts Paid$94,496
Salaries, Compensation, and Employee Benefits$60,278
Total Fundraising Expense$36,092
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$94,496--$94,496
Other Salaries and Wages$7,207$27,721$20,513$55,441
Fees for Services Other-$7,072$8,265$15,337
Fees for Services Accounting-$9,500-$9,500
Conferences and Meetings$5,930--$5,930
Information Technology-$282$4,683$4,965
Payroll Taxes$629$2,418$1,790$4,837
Other Expenses$4,681$3,228-$3,228
All Other Expenses-$1,937$841$2,778
Insurance-$2,264-$2,264
Office Expenses-$1,863-$1,863
Total Functional Expenses$478,553$61,372$36,092$576,017

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$576,017
Total Expenses per Audited Statements$576,017
Total Expenses per Form 990$576,017
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$446,460
Fundraising Direct Expenses$71,008
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dreamcatcher$276,347$276,347$26,637$249,710
Swim Across America$85,000$85,000-$85,000
Total Events$446,460$446,460$71,008$375,452
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
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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

Reviewed by executive committee

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

Reviewed at the annual meeting by the board

Form 990, Part VI, Section B, Line 15A

Review by executive board

Form 990, Part VI, Section C, Line 19

Made available by request

Filing and Contact Details

Filer

Filer Name
Palliative and Supportive Care of
EIN
27-2969889
Phone
5086801559
Address
57 PROSPECT STREET, NANTUCKET, MA 02554

Signing Officer

Name
Nancy Moylan
Title
Treasurer
Phone
5086801559
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael V Misurelli
Formed
2010
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
13
Employees
1
Volunteers
100

Preparer

Firm
Burke & Lamb Pc
Address
300 UNION ST, NEW BEDFORD, MA 02740
Preparer
Peter C Lamb
Phone
5089844800
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

NO CHANGE

Financial Statement Notes

PART V, LINE 4:

Intended uses of endowment fund to ensure that there will always be a hospice program on nantucket island

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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01790
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02418
IRS990/PayrollTaxesGrp/ProgramServicesAmt0629
IRS990/PayrollTaxesGrp/TotalAmt04837
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt035000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt035000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06071
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07258
IRS990/PrincipalOfficerNm0MICHAEL V MISURELLI
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0200688
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt075562
IRS990/PYInvestmentIncomeAmt0131792
IRS990/PYOtherExpensesAmt0341499
IRS990/PYOtherRevenueAmt0381278
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0239933
IRS990/PYSalariesCompEmpBnftPaidAmt056764
IRS990/PYTotalExpensesAmt0473825
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0713758
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0124071
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0872259
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0880923
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0205102
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0200688
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0355472
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0247882
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0168364
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01177508
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0106572
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt085549
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt062960
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt066001
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt053337
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0374419
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.75870
IRS990ScheduleA/PublicSupportPY170Pct00.78020
IRS990ScheduleA/PublicSupportTotal170Amt01177508
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0205102
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0200688
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0355472
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0247882
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0168364
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01177508
IRS990ScheduleA/TotalSupportAmt01551927
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/BoardDesignatedBalanceEOYPct00.80000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt07653
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01097352
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01067589
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-22110
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt06993
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0938826
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01097352
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0165519
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt06281
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0879845
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0938826
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt065262
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt06330
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0916840
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0879845
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-30665
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt06428
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0905162
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0916840
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt018106
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03867
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03867
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0576017
IRS990ScheduleD/InvestmentExpensesNotIncldAmt07653
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-137493
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.02000
IRS990ScheduleD/RevenueNotReportedAmt0-137493
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt07653
IRS990ScheduleD/RevenueSubtotalAmt0692435
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INTENDED USES OF ENDOWMENT FUND TO ENSURE THAT THERE WILL ALWAYS BE A HOSPICE PROGRAM ON NANTUCKET ISLAND
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.17000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0576017
IRS990ScheduleD/TotalRevenuePerForm990Amt0700088
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0554942
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0576017
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt071008
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0DREAMCATCHER
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SWIM ACROSS AMERICA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt044371
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt044371
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0276347
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt085000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt085113
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0446460
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0276347
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt085000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt085113
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0446460
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0375452
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt026637
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt026637
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt04
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt094496
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0MEDICAL TRAVEL ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt056
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED BY EXECUTIVE COMMITTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEWED AT THE ANNUAL MEETING BY THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEW BY EXECUTIVE BOARD

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.50$0.05$5.45$1.00$0.72$0.29
2023Detailed filing. Detailed filing data is available for this year.$5.13$0.05$5.08$1.43$0.69$0.75
2022Detailed filing. Detailed filing data is available for this year.$3.79$0.08$3.71$0.90$0.64$0.26
2021Detailed filing. Detailed filing data is available for this year.$4.09$0.06$4.03$1.37$0.66$0.72
2020Detailed filing. Detailed filing data is available for this year.$3.44$0.14$3.30$0.78$0.70$0.09
2019Detailed filing. Detailed filing data is available for this year.$3.09$0.07$3.02$1.04$0.61$0.43
2018Detailed filing. Detailed filing data is available for this year.$2.57$0.03$2.54$0.70$0.58$0.12
2018Detailed filing. Detailed filing data is available for this year.$2.57$0.03$2.54$0.70$0.58$0.12
2017Detailed filing. Detailed filing data is available for this year.$2.59$0.03$2.56$0.71$0.47$0.24
2016Detailed filing. Detailed filing data is available for this year.$2.33$0.06$2.27$0.77$0.48$0.30
2015Detailed filing. Detailed filing data is available for this year.$1.99$0.03$1.96$0.71$0.47$0.24
2014Detailed filing. Detailed filing data is available for this year.$1.85$0.03$1.82$0.63$0.41$0.22
2013Detailed filing. Detailed filing data is available for this year.$1.70$0.06$1.64$0.54$0.41$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.03$1.46$0.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.05$1.38$0.38