2025-11-13T11:19:20-06:00 2024-12-31 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2024-01-01 043392961 NANTUCKET LIGHTSHIP BASKET MUSEUM INC NANT 5082281894 PO BOX 1016 NANTUCKET MA 02554 SARAH ALGER TREASURER 5082281177 2025-11-13 1 0 BARBARA E KING P00005629 5087557107 2025-11-13 2024 2025-03-06 01:10:19Z ROBERT GREENSPON PO BOX 1016 NANTUCKET MA 02584 416545 0 X NHA.ORG X 1997 MA PROMOTE THE AWARENESS AND APPRECIATION OF LIGHTSHIP BASKETS AND THEIR MAKERS, BY EDUCATING AND ENGAGING THE PUBLIC ABOUT THE COMPLEXITY OF THIS ART FORM UNIQUE TO NANTUCKET. EXHIBITING HISTORIC AND CONTEMPORARY BASKETS. 4 4 0 0 0 0 111032 88921 0 0 55921 122903 -5143 10450 161810 222274 0 0 0 0 0 0 0 0 0 80036 83311 80036 83311 81774 138963 2547234 2832285 21575 0 2525659 2832285 PROMOTE THE AWARENESS AND APPRECIATION OF LIGHTSHIP BASKETS AND THEIR MAKERS, BY EDUCATING AND ENGAGING THE PUBLIC ABOUT THE COMPLEXITY OF THIS ART FORM UNIQUE TO NANTUCKET. EXHIBITING HISTORIC AND CONTEMPORARY BASKETS. 0 0 DISPLAY OF COLLECTION ITEMS IN COOPERATION WITH THE NANTUCKET HISTORICAL ASSOCATION DEVOTED TO NANTUCKET LIGHTSHIP BASKETS AND BASKET-MAKING. 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X JOHANNA RICHARD CFO 5082281894 15 BROAD STREET NANTUCKET MA 02584 X ANNABELLE FOWLKES PRESIDENT 1.00 X X 0 0 0 SUSAN BLOUNT VICE PRESIDENT 1.00 X X 0 0 0 RICHARD GREENSPON TREASUER 1.00 X X 0 0 0 SARAH ALGER CLERK 1.00 X X 0 0 0 NILES PARKER EXECUTIVE DIRECTOR 0.50 39.50 X X 0 0 0 0 0 0 0 0 0 0 0 50369 38552 48369 88921 65087 65087 183118 125302 57816 57816 57816 79419 50369 68969 10450 10450 222274 0 0 133353 75000 75000 1480 1480 4828 4828 38 38 1965 1965 83311 0 83311 0 275348 275057 2271886 2557228 2547234 2832285 21575 21575 0 X 2477749 2784375 47910 47910 2525659 2832285 2547234 2832285 138963 167663 0 X 0 0 0 X 105504 116850 115500 111032 88921 537807 105504 116850 115500 111032 88921 537807 21639 516168 3698 27 5511 55910 65087 130233 668040 12492 0.77270 0.88350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 47910 47910 47910 47910 47910 47910 47910 47910 47910 47910 0 0 0 PART III, LINE 4: AS ALLOWED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA AND FOLLOWING THE PRACTICES OF MANY MUSEUMS, THE MUSEUM HAS NOT CAPITALIZED ITS COLLECTION OF NANTUCKET LIGHTSHIP BASKETS AND OTHER RELATED OBJECTS PURCHASED OR DONATED. THE COLLECTION IS HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. THE MUSEUM CONTINUALLY REVIEWS ITS COLLECTION AND MAY DEACCESS OR ACQUIRE ADDITIONAL ITEMS. EXPENDITURES FOR ADDITIONAL COLLECTION ITEMS ARE PRESENTED AS A REDUCTION IN THE APPROPRIATE CLASS OF NET ASSETS. PROCEEDS FROM DEACCESSIONS ARE REFLECTED AS INCREASES IN NET ASSETS WITHOUT DONOR RESTRICTION. PART V, LINE 4: THE MUSEUM'S ENDOWMENT CONSISTS OF INDIVIDUAL DONOR RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED OR LEGAL RESTRICTIONS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE MUSEUM CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED AS PERMANENTLY RESTRICTED IS CLASSIFIED AS AVAILABLE FOR EXPENDITURE UNTIL THOSE AMOUNTS ARE APPROPRIATED BY THE MUSEUM IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY STATE LAW. IN ACCORDANCE WITH THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT, THE MUSEUM MAY CONSIDER THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: THE DURATION AND PRESERVATION OF THE FUND; THE PURPOSES OF THE MUSEUM AND THE DONOR-RESTRICTED ENDOWMENT FUND; GENERAL ECONOMIC CONDITIONS; THE POSSIBLE EFFECT OF INFLATION AND DEFLATION; THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS; OTHER RESOURCES OF THE MUSEUM; AND THE INVESTMENT POLICIES OF THE MUSEUM. THE MUSEUM CURRENTLY APPROPRIATES ACTUAL ENDOWMENT EARNINGS FOR USE IN OPERATIONS. BASKET BUBBLY BRUNCH/AUCTION 129788 50369 79419 48369 20600 129788 50369 79419 48369 20600 68969 10450 X AUCTION ITEMS 50 48369 COMPARABLE SALES 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 PURSUANT TO RESTATED BY-LAWS, THE ORGANIZATION NAMED NANTUCKET HISTORICAL ASSOCIATION AS ITS SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A PURSANT TO RESTATD BY-LAWS, NANTUCKET HISTORICAL ASSOCIATION AS SOLE MEMBER OF THE ORGANIZATION ELECTS ALL OFFICERS AND DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B 990 PRESENTED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ANNUALLY SIGN A CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 18 WRITTEN REQUEST TO THE ORGANIZATION FOR DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19 NOT MADE SEPARATELY AVAILABLE TO PUBLIC NANTUCKET HISTORICAL ASSOCIATION ONE WHALERS LANE NANTUCKET MA 02554 046003451 MUSEUM MA 501(C) LINE 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 NANTUCKET HISTORICAL ASSOCIATION P 75000 MARKET VALUE