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Nonprofit · EIN 04-3165556

NANTUCKET EDUCATION TRUST INC

Tax-exempt · NANTUCKET, MA 02584

Financials

$310K$248K2023$345K$237K2024$432K$307K2025
Revenue Expenses · by fiscal year end
Financials of NANTUCKET EDUCATION TRUST INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$431,776$307,304$124,472$2,861,400$1,658,870$1,202,530
December 31, 2024990 (amended)$344,695$237,331$107,364$2,739,939$1,668,287$1,071,652
December 31, 2023990$309,647$248,492$61,155$2,632,062$1,696,630$935,432
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$505
Program service revenue
$356,550
Investment income
$74,721
Net gain from sales of assets
$51,621
Other revenue
$0

Expenses

Grants and similar amounts paid
$38,000
Compensation of officers, directors and key employees
$4,800
Salaries, compensation and benefits (total)
$4,800
Professional fundraising fees
$0
Legal fees
$3,076
Accounting fees
$10,094
Occupancy
$20,049
Depreciation
$91,022
Program services (functional)
$277,313
Management and general (functional)
$29,991

Balance sheet and other

Total assets, start of year
$2,739,939
Total assets, end of year
$2,861,400
Total liabilities, end of year
$1,658,870
Net assets, end of year
$1,202,530
Land, buildings and equipment
$1,863,927
Publicly traded securities
$631,254
Net assets without donor restrictions
$1,151,131
Net assets with donor restrictions
$51,399
Gross receipts
$623,039
Employees
0
Volunteers
0
Year formed
1992
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
MARTIN ANGUELOVDIRECTOR/BOOKKEEPER
Trustee or director
1$4,800
HADLEY DUTRAPRESIDENT
Trustee or director, Officer
1$0
ELIZABETH HALLETTVICE PRESIDENT
Trustee or director, Officer
1$0
JOHN RICCIOTREASURER
Trustee or director, Officer
1$0
SHANTAW BLOISE-MURPHYCLERK
Trustee or director, Officer
1$0
ALICIA GRAZIADEIFORMER CLERK
Trustee or director, Officer
1$0
MARIE LEMBERGDIRECTOR
Trustee or director
1$0
LAURA GALLAGHER-BYRNEDIRECTOR
Trustee or director
1$0
LAURIE RICHARDSDIRECTOR
Trustee or director
1$0
MEG BROWERSFORMER DIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2024: 9 people
NameTitleHours / weekCompensation
MARTIN ANGUELOVDIRECTOR/BOOKKEEPER
Trustee or director
1$4,800
HADLEY DUTRAPRESIDENT
Trustee or director, Officer
1$0
ELIZABETH HALLETTVICE PRESIDENT
Trustee or director, Officer
1$0
JOHN RICCIOTREASURER
Trustee or director, Officer
1$0
ALICIA GRAZIADEICLERK
Trustee or director, Officer
1$0
MARIE LEMBERGDIRECTOR
Trustee or director
1$0
MEG BROWERSDIRECTOR
Trustee or director
1$0
SHANTAW BLOISE-MYRPHYDIRECTOR
Trustee or director
1$0
LAURA GALLAGHER-BYRNEDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
MARTIN ANGUELOVDIRECTOR/BOOKKEEPER
Trustee or director
1$4,800
JOHN RICCIOTREASURER
Trustee or director, Officer
1$0
HADLEY DUTRAPRESIDENT
Trustee or director, Officer
1$0
ALICIA GRAZIADEICLERK
Trustee or director, Officer
1$0
ELIZABETH HALLETTVICE PRESIDENT
Trustee or director, Officer
1$0
MARIE LEMBERGDIRECTOR
Trustee or director
1$0
MEG BROWERSDIRECTOR
Trustee or director
1$0
ANTHONY FOXDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 3163, NANTUCKET, MA 02584-3163
In care of
% WILLIAM TORNOVISH
Principal officer (990 for 2025)
JOHN RICCIO, PO BOX 3163, NANTUCKET, MA 025843163
Signed the 990
JOHN RICCIO, TREASURER
Phone
(508) 228-7285
Return prepared by
SMITH SULLIVAN & BROWN PC

Mission

TO GENERATE PRIVATE SUPPORT FOR PUBLIC EDUCATION ON NANTUCKET, TO FOSTER PRIVATE AND PUBLIC PARTNERSHIPS THAT BENEFIT THE CHILDREN OF NANTUCKET PUBLIC SCHOOLS, AND TO HONOR EXCELLENCE IN TEACHING AND LEARNING.

990 for the year ended December 31, 2025

Program accomplishments

  • CONSTRUCT, MANAGE, MAINTAIN, AND CURATE 13 ACCESSIBLE HOUSING UNITS FOR THE BENEFIT OF NANTUCKET PUBLIC SCHOOL TEACHERS, ADMINISTRATORS, AND STAFF.
    Expenses $224,957 · revenue $356,550
  • PROVIDE EDUCATIONAL PROGRAMS IN THE NANTUCKET PUBLIC SCHOOL SYSTEM INCLUDING THE PURCHASE OF EQUIPMENT AND THE ISSUANCE OF GRANTS TO TEACHERS AND/OR STUDENTS, SPONSORSHIP OF LECTURES, SEMINARS, AND WORKSHOPS AND PARTICIPATION IN SATELLITE PROGRAMS COORDINATED BY THE NPS SCHOOL SYSTEM, BUT OUTSIDE THE SCOOP OF ITS BUDGET PARAMETERS.
    Expenses $52,356 · grants $38,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
04-3165556
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1993
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,861,400
Income (IRS master file)
$623,039

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$431,776$307,304$2,861,400XML
990December 2024$344,695$237,331$2,739,939XML
990December 2023$309,647$248,492$2,632,062XML
990December 2022$327,629$222,005$2,549,512IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3165556).

Questions about NANTUCKET EDUCATION TRUST INC

What is the EIN of NANTUCKET EDUCATION TRUST INC?
The employer identification number (EIN) of NANTUCKET EDUCATION TRUST INC is 04-3165556.
Is NANTUCKET EDUCATION TRUST INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
Are donations to NANTUCKET EDUCATION TRUST INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NANTUCKET EDUCATION TRUST INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NANTUCKET EDUCATION TRUST INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NANTUCKET EDUCATION TRUST INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of NANTUCKET EDUCATION TRUST INC?
The 990 for the year ended December 31, 2025 names JOHN RICCIO.
Who are the officers and directors of NANTUCKET EDUCATION TRUST INC?
The 990 for the year ended December 31, 2025 lists 10 people; 1 received compensation from the organization, the highest $4,800 (MARTIN ANGUELOV, DIRECTOR/BOOKKEEPER).
How much revenue does NANTUCKET EDUCATION TRUST INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $431,776, expenses of $307,304 and total assets of $2,861,400 at year end.

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