Nantucket Shellfish Association Inc in Nantucket, Massachusetts (MA)
Table of contents:
Nantucket Shellfish Association Inc | |
Employer Identification Number (EIN) | 061684351 |
Name of Organization | Nantucket Shellfish Association Inc |
In Care of Name | Daniel Drake |
Address | PO BOX 604, Nantucket, MA 02554-0604 |
Subsection | Charitable Organization |
Ruling Date | 12/2003 |
Deductibility | Contributions are deductible |
Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $100,000 to $499,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $131,483 |
Amount of Income | $86,335 |
Form 990 Revenue Amount | $63,786 |
National Taxonomy of Exempt Entities (NTEE) | Science and Technology Research Institutes, Services: Engineering |
Non-representatives - add comments:
Amount of income in 2013: $86,335 (it was $121,782 in 2012)
This organization: | $86,335 |
Other organizations performing similar types of work: | $86,335 |
Assets in 2013: $131,483 (it was $142,421 in 2012)
Nantucket Shellfish Association Inc: | $131,483 |
Other organizations performing similar types of work: | $71,616 |
Expenses in 2013: $74,724
This organization: | $74,724 |
Other organizations performing similar types of work: | $74,724 |
Income to expenses ratio in 2013: 1.2
This organization: | 1.2 |
Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2013: 58.3%
Nantucket Shellfish Association Inc: | 58.3% |
Other organizations performing similar types of work: | 100.0% |
Revenue for 2013
Support schedule
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total revenue | $47,754 | $104,959 | $63,786 |
Contributions, gifts, grants, and similar amounts received | $18,158 | $82,412 | $37,215 |
Program service revenue including government fees and contracts | $0 | $0 | $0 |
Membership dues and assessments | $0 | $0 | $0 |
Investment income | $7 | $13 | $12 |
Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
Net income/loss from gaming and fundraising events | $27,823 | $22,043 | $28,782 |
Gross income from gaming | $0 | $0 | $0 |
Gross income from fundraising events | $40,804 | $36,656 | $46,131 |
Less: direct expenses from gaming and fundraising events | $12,981 | $14,613 | $17,349 |
Gross profit/loss from sales of inventory | $1,766 | $491 | $-2,223 |
Gross sales of inventory, less returns and allowances | $3,423 | $2,701 | $2,977 |
Less: cost of goods sold | $1,657 | $2,210 | $5,200 |
Other revenue | $0 | $0 | $0 |
Total expenses | $16,107 | $51,667 | $74,724 |
Total net assets | $89,129 | $142,421 | $131,483 |
Excess/Deficit for the year | $31,647 | $53,292 | $-10,938 |
Net assets or fund balances at beginning of year | $57,482 | $89,129 | $142,421 |
Other changes in net assets or fund balances | $0 | $0 | $0 |
Net assets or fund balances at end of year | $142,421 | $131,483 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $89,129 | $142,421 | $131,483 |
Total liabilities | $0 | $0 | $0 |
Net assets or fund balances | $89,129 | $142,421 | $131,483 |
Other Information | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
Were any significant changes made to the organizing or governing documents? | No | No | |
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
Has the organization filed a Form 990-T for the year? | No | No | |
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
Amount of political expenditures, direct or indirect | $0 | $0 | |
Did the organization file Form 1120-POL for this year? | No | No | |
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
Total amount involved | $0 | $0 | |
Initiation fees and capital contributions | $0 | $0 | $0 |
Gross receipts for public use of club facilities | $0 | $0 | $0 |
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
Reason for Public Charity Status (for 2013) | |
The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
Number of organizations supported | 0 |
Sum of amounts of support | $0 |
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
2009 - 2013 Total | |
---|---|
Public support | $145,981 |
Subtotal | $225,981 |
Gifts, grants, contributions, and membership fees received | $213,895 |
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $12,086 |
Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
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 |
Less | $80,000 |
Amounts received from disqualified persons | $80,000 |
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
Total support | $226,025 |
Public support | $225,981 |
Subtotal | $44 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $44 |
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
Other income | $0 |
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1 | Fab Foundation | 105 Waltham Street, Maynard, MA 01754 | MA | 2011-05 | $11,080,730 |
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6 | Ten80 Foundation | 2901 N Davidson St Suite 116, Charlotte, NC 28205 | NC | 2012-07 | $121,950 |
7 | Alabama Society For Heathcare Engineering Inc | 500 North East Boulevard, Montgomery, AL 36117-2214 | AL | 2013-05 | $113,024 |
8 | Nantucket Shellfish Association Inc | PO BOX 604, Nantucket, MA 02554-0604 | MA | 2003-12 | $86,335 |
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15 | Masters Of Mayhem | 1991 W David Highway, Ionia, MI 48846 | MI | 2014-09 | $12,968 |
16 | Western Region Robotics Forum Inc | 2530 Berryessa Rd, San Jose, CA 95132-2903 | CA | 2003-07 | $12,316 |
17 | Citizens For American Manufacturing | 5240 Bemont Rd, Downers Grove, IL 60515 | IL | 2011-03 | $1,000 |
18 | Alaska Railbelt Cooperative Transmission Electric Company Inc | 5950 Prominence Point Dr, Anchorage, AK 99516-5411 | AK | 2013-12 | $94 |
19 | American Institute Of Industrial Engineers Inc | 279 Stocker Center Ohio University, Athens, OH 45701 | OH | 1963-05 | $0 |
20 | American Society Of Nepalese Engineers | Po Box 39524, Baltimore, MD 21212 | MD | 2010-07 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 73 |
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