Nantucket Historical Association in Nantucket, Massachusetts (MA)

Organization representatives - add corrected or new information about Nantucket Historical Association »

Non-representatives - add comments about Nantucket Historical Association»

Nantucket Historical Association
Employer Identification Number (EIN)046003451
Name of OrganizationNantucket Historical Association
AddressPO BOX 1016, Nantucket, MA 02554-1016
ActivitiesHistorical site, records or reenactment
SubsectionCharitable Organization
Ruling Date06/1934
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$34,497,147
Amount of Income$9,497,943
Form 990 Revenue Amount$8,600,274
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Historical Societies, Related Historical Activities


Non-representatives - add comments:


CAPTCHA

Your IP address 3.149.254.35 will be logged.

Amount of income in 2013: $9,497,943
Nantucket Historical Association: 

 $9,497,943
Other organizations performing similar types of work: 

 $218,607

Assets in 2013: $34,497,147
This organization: 

 $34,497,147
Other organizations performing similar types of work: 

 $961,312

Expenses in 2013: $4,919,267
Nantucket Historical Association: 

 $4,919,267
Other organizations performing similar types of work: 

 $159,230

Income to expenses ratio in 2013: 1.9
This organization: 

 1.9
Other organizations performing similar types of work: 

 1.3

Expenses allocated to program services in 2007: 63.9%
Nantucket Historical Association: 

 63.9%
Other organizations performing similar types of work: 

 74.7%

Number of employees in 2013: 95
Nantucket Historical Association: 

 95
Other organizations performing similar types of work: 

 4

Employees paid over $100,000 in 2013: 2.1%
This organization: 

 2.1%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 81.4%
Nantucket Historical Association: 

 81.4%
Other organizations performing similar types of work: 

 29.9%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?YesYes
Did the organization maintain collections of works of art, historical treasures, or other similar assets?YesYes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?NoNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?YesNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?YesYes
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?YesNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?YesYes
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?NoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10965035
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return8395
Did the organization file all required federal employment tax returns?YesNo
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYes
Did the organization notify the donor of the value of the goods or services provided?YesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$311,146$335,297
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$40,523$39,297
Total number of individuals who received more than $100,000 of reportable compensation from the organization22
Total number of independent contractors who received more than $100,000 of compensation from the organization00
Statement of Revenue
201120122013
Total revenue$4,866,051$3,721,219$8,600,274
Contributions, Gifts, Grants and Other Similar Amounts$3,667,189$2,097,849$7,003,428
Program Service Revenue$766,003$814,494$884,922
All Other Amusement and Recreation Industries $705,634$778,528
All Other Amusement and Recreation Industries $108,860$106,394
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$268,123$299,314$309,108
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$312,001$361,725$385,005
Gross rents (Real / Personal)$312,001 / $0$361,725 / $0$385,005 / $0
Less: rental expenses (Real / Personal)$0 / $0$0 / $0$0 / $0
Rental income or (loss) (Real / Personal)$312,001 / $0$361,725 / $0$385,005 / $0
Net gain/loss from sales of assets other than inventory$0$0$0
Net income/loss from fundraising events$-316,290$3,127$-126,830
Gross income from fundraising events$211,559$510,678$289,154
Less: direct expenses$527,849$507,551$415,984
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$140,890$123,902$127,723
Gross sales of inventory, less returns and allowances$577,235$584,592$609,408
Less: cost of goods sold$436,345$460,690$481,685
Miscellaneous Revenue$28,135$20,808$16,918
All Other Amusement and Recreation Industries $20,808$16,918
All other revenue$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$4,645,732$4,831,346$4,919,267
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$0$0$0
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$1,437,567$1,587,195$1,470,063
Pension plan accruals and contributions$0$0
Other employee benefits$468,265$442,448
Payroll taxes$0$0$0
Fees for services (non-employees)
Management$0$0
Legal$0$0
Accounting$29,834$29,326
Lobbying$0$0
Professional fundraising services$0$0$0
Investment management fees$0$0
Other$0$0
Advertising and promotion$47,547$51,693
Office expenses$0$0
Information technology$0$0
Royalties$0$0
Occupancy$937,743$982,817
Travel$26,493$12,741
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$0$0
Interest$0$0
Payments to affiliates$0$0
Depreciation, depletion, and amortization$1,001,313$1,008,084
Insurance$12,203$7,109
Other expenses$187,410$320,118
Other expenses$134,570$162,576
Other expenses$93,561$130,470
Other expenses$60,327$83,651
Other expenses$244,885$218,171
Balance Sheet
201120122013
Total assets$30,212,513$29,875,519$34,497,147
Cash - non-interest-bearing$0$0
Savings and temporary cash investments$1,659,685$2,111,433
Pledges and grants receivable, net$126,737$4,234,092
Accounts receivable, net$62,695$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$303,750
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$134,692$137,375
Prepaid expenses and deferred charges$0$61,899
Land, buildings, and equipment: cost or other basis$16,710,136$15,829,993
Investments - publicly traded securities$4,393$11,818,605
Investments - other securities$11,177,181$0
Investments - program-related$0$0
Intangible assets$0$0
Other assets$0$0
Total liabilities$219,399$270,661$195,027
Accounts payable and accrued expenses$270,661$195,027
Grants payable$0$0
Deferred revenue$0$0
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0
Total net assets or fund balances$29,993,114$29,604,858$34,302,120
Unrestricted net assets$20,308,123$19,882,111
Temporarily restricted net assets$799,037$2,875,927
Permanently restricted net assets$8,497,698$11,544,082
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$10,805,168
Subtotal Support$13,742,970
Gifts, grants, contributions, and membership fees received$13,742,970
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$2,937,802
Total Support$17,035,338
Public Support$13,742,970
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$3,031,896
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$260,472
Gross receipts from related activities, etc.$8,248,309
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$4,903,107$4,826,362$3,247,408$5,915,599$7,100,008$5,661,347$4,323,661$6,594,406
Contributions, gifts, grants, and similar amounts received$2,893,094$2,821,685$1,276,991$3,555,002$4,913,280$2,599,966$888,800$2,614,297
Contributions to donor advised funds$0$0
Direct public support$2,893,094$2,821,685$1,276,991$3,555,002$4,913,280$2,599,966$888,800$2,614,297
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$405,269$397,893$408,610$363,203$114,480$797,162$730,117$718,538
Membership dues and assessments$263,365$253,477$259,664$286,203$284,795$359,745$409,622$445,179
Interest on savings and temporary cash investments$192,922$268,748$154,284$345,587$90,534$38,665$74,281$82,962
Dividends and interest from securities$43,137$42,832$63,793$45,743$132,898$239,544$423,542$819,698
Net rental income or (loss)$213,560$197,796$197,631$247,077$246,427$323,827$402,722$398,722
Gross rents$213,560$197,796$197,631$247,077$246,427$323,827$402,722$398,722
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$116,646$-107,837$-258,152$16,971$0$0$0$0
Gross amount from sales of assets other than inventory$1,122,421$831,032$1,315,285$718,461$0$0$0$0
Less: cost or other basis and sales expenses$1,005,775$938,869$1,573,437$701,490$0$0$0$0
Net income or (loss) from special events and activities$620,670$793,454$973,969$919,467$1,217,356$1,187,042$1,237,283$1,346,264
Gross revenue$620,670$793,454$973,969$919,467$1,217,356$1,187,042$1,237,283$1,346,264
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$107,536$126,239$87,662$113,982$75,453$109,782$117,827$129,346
Gross sales of inventory, less returns and allowances$633,167$680,926$573,473$516,163$450,536$543,350$535,709$559,931
Less: cost of goods sold$525,631$554,687$485,811$402,181$375,083$433,568$417,882$430,585
Other revenue$46,908$32,075$82,956$22,364$24,785$5,614$39,467$39,400
Total expenses$2,124,435$2,457,047$2,535,901$2,838,847$3,199,144$3,997,869$4,394,931$4,551,937
Program services$657,715$672,891$1,132,486$1,117,770$1,259,444$2,410,339$2,881,792$2,908,587
Management and general$1,234,035$1,407,434$783,038$858,454$952,840$904,112$956,775$1,092,779
Fundraising$232,685$376,722$620,377$862,623$986,860$683,418$556,364$550,571
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$19,301,267$21,205,919$20,911,846$24,045,830$28,100,253$29,482,150$29,431,214$31,195,249
Excess or (deficit) for the year$2,778,672$2,369,315$711,507$3,076,752$3,900,864$1,663,478$-71,270$2,042,469
Net assets or fund balances at beginning of year$16,776,010$19,301,267$21,205,919$20,911,846$24,045,830$28,100,253$29,482,150$29,431,214
Other changes in net assets or fund balances$-253,415$-464,663$-1,005,580$57,232$153,559$-281,581$20,334$-278,434
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$4,551,937$2,908,587$1,092,779$550,571
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$180,540$0$180,540$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$1,386,726$873,490$208,617$304,619
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$424,919$236,821$105,509$82,589
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$15,975$0$15,975$0
Legal fees$5,336$0$5,336$0
Supplies$85,208$61,752$21,107$2,349
Telephone$25,202$3,062$22,140$0
Postage and shipping$26,964$3,032$11,922$12,010
Occupancy$438,042$199,800$238,242$0
Equipment rental and maintenance$12,932$5,617$7,315$0
Printing and publications$76,579$21,522$0$55,057
Travel$15,086$6,670$7,558$858
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$842,616$842,616$0$0
Other expenses not covered above$1,015,812$654,205$268,518$93,089
Balance Sheets
20002001200220032004200520062007
Total assets$19,367,503$21,233,910$20,986,175$24,854,799$29,330,166$29,640,342$29,500,939$31,339,414
Cash - non-interest-bearing$0$0$0$0$0$0$0$0
Savings and temporary cash investments$5,661,452$8,637,300$9,890,772$10,617,916$3,230,269$2,719,916$2,611,267$2,053,987
Accounts receivable less allowance for doubtful accounts$28,814$37,139$57,883$58,168$62,993$64,476$87,116$97,464
Pledges receivable less allowance for doubtful accounts$5,724,270$4,290,595$2,680,062$3,492,952$4,234,596$0$1,187,780$1,055,928
Grants receivable$0$0$0$0$0$2,249,714$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$159,218$179,152$154,930$159,071$158,375$129,068$129,054$141,598
Prepaid expenses and deferred charges$0$0$0$0$0$0$0$0
Investments - publicly-traded securities$549,600$208,827
Investments - other securities$1,906,805$1,982,335$1,014,835$1,168,503$992,801$1,150,235$650,590$350,000
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$19,443,146$0
Investments - other$295,823$0$985,672$1,269,308$2,564,087$3,340,888$4,842,386$8,570,350
Land, buildings, and equipment less accumulated depreciation$5,591,121$6,107,389$6,202,021$8,088,881$18,087,045$19,986,045$0$18,861,260
Other assets, including program-related investments$0$0$0$0$0$0$0$0
Total liabilities$66,236$27,991$74,329$808,969$1,229,913$158,192$69,725$144,165
Accounts payable and accrued expenses$66,236$27,991$74,329$808,969$1,229,913$158,192$69,725$144,165
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$0$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$19,367,503$21,233,910$20,986,175$24,854,799$29,330,166$29,640,342$29,500,939$31,339,414
Total net assets or fund balances$19,301,267$21,205,919$20,911,846$24,045,830$28,100,253$29,482,150$29,431,214$31,195,249
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$4,903,107$4,826,362$3,247,408$5,915,599$7,100,008$5,661,347$4,323,661$6,594,406
Total revenue, gains, and other support per audited financial statements$5,209,216$5,028,239$2,740,783$6,546,023$7,655,050$6,153,492$4,932,381$6,805,364
Other expenses$330,263$220,748$-491,107$637,903$555,042$492,145$608,720$210,958
Net unrealized gains on investments$-195,368$-333,939$23,082$235,722$179,959$58,576$190,838$-219,627
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$525,631$554,687$-514,189$402,181$375,083$433,569$417,882$430,585
Other revenue$24,154$18,871$15,518$7,479$0$0$0$0
Investment expenses$24,154$18,871$15,518$7,479$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$2,124,435$2,457,047$2,535,901$2,838,847$3,199,144$3,997,869$4,394,931$4,551,937
Total expenses and losses per audited financial statements$2,625,912$2,992,863$3,006,194$3,233,549$3,574,227$4,431,438$4,812,813$4,982,522
Other revenue$525,631$554,687$485,811$402,181$375,083$433,569$417,882$430,585
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$525,631$554,687$485,811$402,181$375,083$433,569$417,882$430,585
Other expenses$24,154$18,871$15,518$7,479$0$0$0$0
Investment expenses$24,154$18,871$15,518$7,479$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
50$180,540$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings28
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200645
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$902,660$3,077,449
Program service revenue
Program service revenue 1000000$000$0$635,722
Program service revenue 2000000$000$0$72,627
Program service revenue 3000000$000$0$10,189
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$445,179
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$82,962$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$819,698$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$398,722
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$1,346,264
Gross profit or (loss) from sales of inventory000000$000$0$129,346
Other revenue000000$000$0$39,400
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$120,132$0$0
$103,754$0$0
$70,665$0$0
$63,483$0$0
$61,405$0$0
Total number of other employees paid over $50,0004
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120022003200420052006
Total$10,261,530$5,312,095$4,488,886$3,991,371$6,300,809$7,228,664$6,094,916$4,741,543
Gifts, grants, and contributions received$8,410,859$2,893,094$1,821,685$1,276,991$3,555,002$4,913,280$2,599,966$888,800
Membership fees received$228,187$263,365$253,477$259,664$286,203$284,795$359,745$409,622
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$1,267,695$1,659,109$1,872,273$1,956,052$1,798,833$1,782,372$2,527,555$2,503,109
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$349,226$449,619$509,376$415,708$638,407$223,432$602,036$900,545
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$5,563$46,908$32,075$82,956$22,364$24,785$5,614$39,467
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Nantucket Historical Association to others? (optional)
  
Add photo of Nantucket Historical Association (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Nantucket Historical AssociationPO BOX 1016, Nantucket, MA 02554-1016MA1934-06$9,497,943
2Old Dartmouth Historical Society18 Johnny Cake Hl, New Bedford, MA 02740-6317MA1932-04$5,742,139
3Massachusetts Historical Society1154 Boylston St, Boston, MA 02215-3631MA1942-09$4,816,569
4The Walden Woods Project44 Baker Farm Rd, Lincoln, MA 01773-3004MA1995-05$4,712,310
5Cape Ann Museum Inc27 Pleasant St, Gloucester, MA 01930-5909MA1945-12$4,552,714
6Longyear Foundation1125 Boylston St, Chestnut Hill, MA 02467-1811MA1933-04$4,457,909
7Old South Association In Boston310 Washington St, Boston, MA 02108-4639MA1986-12$1,551,262
8National Society Of The Sons Of The American Revolution582 Main St, Wilbraham, MA 01095MA1944-08$1,190,540
9Essex National Heritage Commission Inc221 Essex St Ste 41, Salem, MA 01970-3779MA1998-12$948,092
10Architectural Heritage Foundation Inc45 School Street, Boston, MA 02108-3206MA1981-03$946,615
11Yamhill County Historical SocietyPO BOX 484, Lafayette, OR 97127-0484OR1971-01$153,941
12Washington County Historical And Fine Arts Tr Inc135 W Washington St, Hagerstown, MD 21740-4709MD1977-05$122,791
13Wreaths Across America4 Point Street, Columbia Falls, ME 04623ME2007-08$4,668,061
14National Society Of The Colonial Dames Of America Inthe Commonwealh, Pennsylvania State Socirety Colonial Dames Of The Seventh Century34 White Birch Road, Dalton, PA 18414PA1973-01$1,271,269
15The Woodrow Wilson Presidential Library FoundationPO BOX 24, Staunton, VA 24402-0024VA1939-10$1,139,807
16Visalian Friends Of The Fox Theatre, Friends Of The Fox Theatre308 W Main St, Visalia, CA 93291-6243CA1997-05$1,037,129
17Washington Trust For Historic Preservation1204 Minor Ave, Seattle, WA 98101-2825WA1977-05$663,910
18National Society Colonial Dames Xvii Century5126 Boone Links Lane, Columbus, GA 31909GA1963-03$584,792
19Worcester Womens History Project Inc30 Elm St, Worcester, MA 01609MA1996-08$17,691
20Susan B Anthony Birthplace Corporation344 Border Rd, Concord, MA 01742-4605MA2000-10$0
Number of organizations performing similar types of work
Alaska3
Alabama6
Arkansas5
Arizona5
California30
Colorado6
Connecticut17
District of Columbia13
Delaware5
Florida11
Georgia14
Hawaii4
Iowa10
Idaho1
Illinois15
Indiana13
Kansas8
Kentucky11
Louisiana7
Massachusetts20
Maryland12
Maine11
Michigan9
Minnesota7
Missouri13
Mississippi7
Montana3
North Carolina14
North Dakota1
Nebraska2
New Hampshire4
New Jersey10
New Mexico2
New York53
Ohio24
Oklahoma5
Oregon10
Pennsylvania33
Rhode Island8
South Carolina7
South Dakota3
Tennessee9
Texas30
Utah3
Virginia26
Vermont7
Washington11
Wisconsin12
West Virginia8
Total548

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Nantucket Historical Association and has no official or unofficial affiliation with Nantucket Historical Association