2024-08-14T11:44:13-05:00 2023-09-30 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2022-10-01 743234491 NANTUCKET DREAMLAND FOUNDATION INC NANT 5083254822 PO BOX 989 NANTUCKET MA 02554 ALICIA CARNEY EXECUTIVE DIRECTOR 5083254822 2024-08-14 1 0 BARBARA E KING P00005629 5087557107 2024-08-14 2022 2024-08-08 14:25:15Z ALICIA CARNEY PO BOX 989 NANTUCKET MA 02554 4125149 0 X WWW.NANTUCKETDREAMLAND.ORG X 2007 MA THE DREAMLAND BUILDS COMMUNITY ON NANTUCKET YEAR-ROUND BY BRINGING PEOPLE TOGETHER TO SHARE EXPERIENCE THROUGH FILM, ART, CULTURE, AND LEARNING. 23 23 0 0 -55700 0 1463223 1633554 1228310 1381235 75288 60224 149801 345228 2916622 3420241 0 0 0 0 1156835 1376040 0 0 343439 2351375 2432740 3508210 3808780 -591588 -388539 28685305 28399447 1261638 1028155 27423667 27371292 THE DREAMLAND BUILDS COMMUNITY ON NANTUCKET YEAR ROUND BY BRINGING PEOPLE TOGETHER TO SHARE EXPERIENCES THROUGH FILM, ART, CULTURE, AND LEARNING. 0 0 2702960 1980870 TO ENRICH THE CULTURAL AND INTELLECTUAL LIFE OF NANTUCKET BY PROVIDING YEAR-ROUND FILMS, EDUCATIONAL PROGRAMS, AND A VENUE FOR ACTIVITIES THAT ENGAGE NANTUCKET IN THE EVOLVING WORLD OF DIGITAL ENTERTAINMENT AND EDUCATION IN ONE OF AMERICA'S OLDEST THEATERS WHILE PROVIDING A VENUE FOR COMMUNITY ACTIVITY. 2702960 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 0 0 MA DE X LARRY LEVINE 5083324822 PO BOX 989 NANTUCKET MA 02554 JOHN SCHMIDT CHAIR 2.00 X X 0 0 0 LEAH DAY-VANHORN VICE CHAIR 2.00 X X 0 0 0 RAY BRUSCA TREASURER 2.00 X X 0 0 0 ROBIN REDNOR SECRETARY 2.00 X X 0 0 0 ANNIE BISSINGER DIRECTOR 2.00 X 0 0 0 JOHN BUCKEY DIRECTOR 2.00 X 0 0 0 ROB COCUZZO DIRECTOR 2.00 X 0 0 0 WILLIAM COOLING DIRECTOR 2.00 X 0 0 0 DANIEL DRISCOLL DIRECTOR 2.00 X 0 0 0 MARSHA EGAN DIRECTOR 2.00 X 0 0 0 DAVID GREGORY DIRECTOR 2.00 X 0 0 0 DR ELIZABETH HALLETT DIRECTOR 2.00 X 0 0 0 NATALIE JACOBSON DIRECTOR 2.00 X 0 0 0 NORMAN LEVENSON DIRECTOR 2.00 X 0 0 0 DEBORAH LEWIS DIRECTOR 2.00 X 0 0 0 MAUREEN MCALLISTER DIRECTOR 2.00 X 0 0 0 JOAN MCPHEE DIRECTOR 2.00 X 0 0 0 VENESSA MOORE DIRECTOR 2.00 X 0 0 0 JACKIE MOSS DIRECTOR 2.00 X 0 0 0 ORLA MURPHY-LASCOLA DIRECTOR 2.00 X 0 0 0 JENNIFER NEIGHBORS DIRECTOR 2.00 X 0 0 0 MELANIE SABELHAUS DIRECTOR 2.00 X 0 0 0 BLAIS SHEPPARD DIRECTOR 2.00 X 0 0 0 MARK SNIDER DIRECTOR 2.00 X 0 0 0 BARRY STERNLICHT DIRECTOR 2.00 X 0 0 0 CHARLEY WALTERS DIRECTOR 2.00 X 0 0 0 ALICIA CARNEY EXECUTIVE DIRECTOR 40.00 X 175416 0 4743 JOSHUA GRAY DIRECTOR OF CREATIVE PROGRAMMING 40.00 X 112320 0 2996 287736 0 7739 2 0 1 0 0 222640 542762 214224 653928 354227 1633554 PROGRAM SERVICE REVENU 711190 1381235 1381235 1381235 65504 65504 242242 88600 153642 153642 -55700 209342 272833 278113 -5280 -5280 -5280 52132 542762 217939 -165807 -165807 475844 120256 355588 355588 OTHER 900099 1805 1805 1805 3420241 1738628 -55700 103759 176000 70400 105600 924029 707320 136109 80600 14285 8272 3303 2710 178387 103316 41245 33826 83339 48262 19272 15805 15050 15050 21843 21843 161356 3298 113551 44507 37235 37235 126861 27186 66550 33125 39713 25027 7802 6884 286715 221985 64730 29918 29918 607930 607930 143576 89732 53844 EVENTS 577596 577596 PROGRAM EXPENSES 283036 283036 CREDIT CARD PROCESSING 101911 81529 20382 3808780 2702960 762381 343439 1009797 712754 133269 162551 47736 48604 30852843 6649602 24614991 24203241 2879512 3272297 28685305 28399447 1113709 1028155 147929 1261638 1028155 X 24954286 24897988 2469381 2473304 27423667 27371292 28685305 28399447 -388539 336164 0 X 0 0 0 X 1755704 1502861 2124657 1463223 1633554 8479999 1557062 750904 712528 1583220 1980870 6584584 3312766 2253765 2837185 3046443 3614424 15064583 273162 287250 416190 235000 176000 1387602 394280 294023 300744 134040 90040 1213127 667442 581273 716934 369040 266040 2600729 12463854 36852 68028 75505 286694 65504 532583 36852 68028 75505 286694 65504 532583 -67916 -30892 -98808 3349618 2321793 2912690 3265221 3649036 15498358 0.80420 0.65080 0.03440 0.02770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11354118 11354118 17265511 4853018 12412493 2233214 1796584 436630 24203241 4030001 336164 295439 631603 3398398 21843 21843 3420241 4082376 295439 295439 3786937 21843 21843 3808780 PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT COSTS OF FUNDRAISING EVENTS 206,839. RENTAL EXPENSES 88,600. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT COSTS OF FUNDRAISING EVENTS 206,839. RENTAL EXPENSES 88,600. ANNUAL GALA 594894 542762 52132 11100 206839 594894 542762 52132 11100 206839 217939 -165807 0 0 0 0 0 0 0 0 0 ALICIA CARNEY EXECUTIVE DIRECTOR 153885 0 0 0 21531 0 4743 0 0 0 180159 0 0 0 SCHMIDT FAMILY FOUNDATION RELATED TO BOARD MEMBER X 2000000 0 1 1 SCHEDULE L, PART DURING 2015 THE FOUNDATION ENTERED INTO AGREEMENTS FOR CONVERSION OF OUTSTANDING LOAN TO CONDITIONAL MATCHING GRANT WITH THE NOTE HOLDERS (FOUNDATIONS RELATED TO MEMBERS OF THE BOARD OF DIRECTORS). AN AGREEMENT DATED JUNE 19, 2015 APPLIES TO $775,000 NOTE AND AN AGREEMENT DATED OCTOBER 30, 2015 APPLIES TO $2,000,000 LOAN. UNDER THE TERMS OF THESE AGREEMENTS, THE LOANS WILL BE CONVERTED TO GRANTS TO THE FOUNDATION, MATCHING NEW DONATIONS TO THE FOUNDATION IN THE AMOUNT OF $10,000 AND ABOVE ON A $1 TO $1 BASIS. FURTHER, THE AGREEMENTS ESTABLISHED A TERM FOR THE MATCHING GRANT PROGRAM INDICATING THAT ANY REMAINING UNPAID PRINCIPAL BALANCE WILL BECOME DUE AND PAYABLE IN JUNE, 2020. DURING 2018 AND 2017, $1,775,000 AND $10,000, RESPECTIVELY OF THE LOANS WERE CONVERTED TO MATCHING GRANTS BASED ON APPROVED SUBMISSIONS OF NEW DONATIONS OR WERE FORGIVEN BY THE NOTE HOLDERS AS PART OF THE FOUNDATION'S CAPITAL CAMPAIGN INITIATIVE. X 2 AUCTION ITEMS AND DONATED ITEMS FOR FUNDRAISING EVENTS 0 0 X DEBT FORGIVENESS 1 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND TREASURER PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS REGULATED BY ALL THE BOARD OF DIRECTOR MEMBERS. THE BOARD OF DIRECTORS MUST VOTE ON AND APPROVE ANY AND ALL PAYMENTS TO BE MADE TO ANOTHER BOARD MEMBER OR A COMPANY/ORGANIZATION OWNED OR CONTROLLED BY ANOTHER BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS VOTED ON AND APPROVED BY THE BOARD OF DIRECTORS. THE EXECUTIVE DIRECTOR IS EVAULATED ANNUALLY BY THE BOARD OF DIRECTORS AS A WHOLE AND THEN THE EVALUATION IS REVIEWED WITH THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS OF THE ORGANIZATION ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.