Nonprofit · EIN 04-3252612
NANTUCKET COMMUNITY SAILING INC
Also known as NANTUCKET ISLAND COMMUNITY SAILING
Tax-exempt · NANTUCKET, MA 02554
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2023 | 990 | $1,455,641 | $1,474,855 | -$19,214 | $5,124,951 | $469,434 | $4,655,517 |
Financial details: 990 for the year ended October 31, 2023
Revenue
- Contributions, gifts and grants
- $1,052,434
- Membership dues
- $42,875
- Program service revenue
- $578,945
- Investment income
- $39,801
- Net rental income
- $15,006
- Net gain from sales of assets
- $12,696
- Net income from fundraising events
- -$230,565
- Net income from sales of inventory
- $20
- Other revenue
- -$215,539
Expenses
- Grants and similar amounts paid
- $85,773
- Compensation of officers, directors and key employees
- $157,568
- Other salaries and wages
- $565,094
- Salaries, compensation and benefits (total)
- $798,566
- Professional fundraising fees
- $0
- Accounting fees
- $20,750
- Occupancy
- $46,227
- Travel
- $24,824
- Depreciation
- $156,765
- Program services (functional)
- $1,101,336
- Management and general (functional)
- $217,027
- Fundraising (functional)
- $156,492
Balance sheet and other
- Total assets, start of year
- $5,215,303
- Total assets, end of year
- $5,124,951
- Total liabilities, end of year
- $469,434
- Net assets, end of year
- $4,655,517
- Land, buildings and equipment
- $3,787,366
- Publicly traded securities
- $447,873
- Net assets without donor restrictions
- $4,289,536
- Net assets with donor restrictions
- $365,981
- Gross unrelated business income
- $9,389
- Gross receipts
- $2,722,738
- Employees
- 37
- Volunteers
- 350
- Year formed
- 1994
- 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 October 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DIANA L BROWN | PRESIDENT & CEO Officer | 40 | $131,250 | $25,052 |
| PASCAL E ANTONIETTI | BOATS & EQUIPMENT MANAGER Highest-paid employee | 40 | $105,100 | $2,142 |
| HARRY REIN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LINDA MCGRATH | 1ST VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| WEST RIGGS | 2ND VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| SCOTT ULM | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| PENELOPE DEY | TREASURER, THRU 10/26/23 Trustee or director, Officer | 1 | $0 | $0 |
| WENDY SYKES | CLERK Trustee or director, Officer | 1 | $0 | $0 |
| CAROLYN GRANT ZARRELLA | CLERK, THRU 10/26/23 Trustee or director, Officer | 1 | $0 | $0 |
| SANDY ADZICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM ANATHAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER BARRETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARBARA DESAI | DIRECTOR, THRU 10/26/23 Trustee or director | 1 | $0 | $0 |
| ROB DIEMAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAGE GOSNELL | DIRECTOR, THRU 10/26/23 Trustee or director | 1 | $0 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS GOULD | DIRECTOR, THRU 10/26/23 Trustee or director | 1 | $0 |
| DAN GROPPER | DIRECTOR, THRU 10/26/23 Trustee or director | 1 | $0 |
| BILL LIDDLE | DIRECTOR Trustee or director | 1 | $0 |
| TRACEY MARSHALL | DIRECTOR Trustee or director | 1 | $0 |
| SUE MCCOLLUM | DIRECTOR Trustee or director | 1 | $0 |
| MINOU PALANDJIAN | DIRECTOR Trustee or director | 1 | $0 |
| ARTHUR READE | DIRECTOR Trustee or director | 1 | $0 |
| ANTHONY SCHWEIZER | DIRECTOR Trustee or director | 1 | $0 |
| CATHERINE SLATTERY | DIRECTOR Trustee or director | 1 | $0 |
| PHIL SMITH | DIRECTOR Trustee or director | 1 | $0 |
| JULIE STEINDLER | DIRECTOR Trustee or director | 1 | $0 |
| WINK VAN OGTROP | DIRECTOR, THRU 10/26/23 Trustee or director | 1 | $0 |
| TOM WHIDDEN | DIRECTOR Trustee or director | 1 | $0 |
| NICK VITA | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4 WINTER ST, NANTUCKET, MA 02554-3638
- Principal officer (990 for 2022)
- DIANA L BROWN, PO BOX 2424, NANTUCKET, MA 02584
- Signed the 990
- DIANA L BROWN, PRESIDENT & CEO
- Phone
- (508) 228-6600
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
TO ENGAGE PEOPLE OF ALL AGES IN THE JOY OF SAILING, OFFERING ACCESS TO ALL NANTUCKET'S YOUTH, AND TEACHING EVERY PARTICIPANT IN OUR PROGRAMS ENDURING LIFE AND LEADERSHIP SKILLS, WITH A DEEP RESPECT FOR THE MARINE ENVIRONMENT.
Program accomplishments
- NANTUCKET COMMUNITY SAILING (NCS) OFFERS A FULL RANGE OF YOUTH AND ADULT GROUP SAILING LESSONS, PRIVATE SAILING LESSONS, AND PROVIDES HOURLY RENTALS OF SAILBOATS, KAYAKS AND PADDLEBOARDS TO MEMBERS AND THE GENERAL PUBLIC. THE SAILING PROGRAMS ARE OFFERED FROM TWO LOCATIONS ON NANTUCKET, JETTIES BEACH AND POLPIS HARBOR. THE ORGANIZATION PROVIDES $150,000 IN YOUTH SAILING SCHOLARSHIPS AND FREE COMMUNITY OUTREACH TO UNDERSERVED CHILDREN AND ADULTS WHO WOULD OTHERWISE NOT BE ABLE TO GET OUT ON THE WATER. IN ADDITION, THE ORGANIZATION RUNS REGATTAS DURING THE SUMMER TO INCLUDE MORE PEOPLE IN THE SPORT OF SAILING AND AS FUNDRAISING EVENTS TO SUPPORT THE SAILING PROGRAMS. THE ORGANIZATION OPERATES THE PROGRAMS AND EVENTS WITH A FOCUS ON SUSTAINABILITY, AND COLLABORATES WITH OTHER NON-PROFIT ORGANIZATIONS TO MAINTAIN NANTUCKET'S WATER QUALITY.IN 2023 THE ORGANIZATION HAD 601 ENROLLMENTS IN YOUTH SAILING CLASSES OVER EIGHT WEEKS, REPRESENTING 433 UNIQUE STUDENTS. 35% OF THE STUDENTS ARE YEAR-ROUND NANTUCKET CHILDREN, AND THE ORGANIZATION PROVIDED $85,773 IN SCHOLARSHIPS TO 111 ISLAND CHILDREN. THE ORGANIZATION'S COMMUNITY OUTREACH PROGRAMS SERVED 550 CHILDREN AND ADULTS WITH FREE SAILING LESSONS, THERAPEUTIC SAILS, AND WATER SPORTS. NCS ALSO OFFERED PRIVATE SAILING LESSONS AND RENTALS OF SAILBOATS, KAYAKS AND PADDLEBOARDS TO WELL OVER 500 PEOPLE, FROM TODDLERS TO SENIOR CITIZENS.THE ORGANIZATION'S PRIMARY PROGRAM IS YOUTH GROUP SAILING LESSONS, FOR CHILDREN AGES 4 -18, OFFERED IN A RANGE OF SMALL SAILBOATS DEPENDING ON THE STUDENT'S LEVEL. THE SAILING INSTRUCTORS ARE ALL CERTIFIED AND HIGHLY QUALIFIED. THE CURRICULUM ENABLES EACH CHILD TO PROGRESS THROUGH THE SAILING CLASSES AND INCREASE THEIR SKILLS. SAILING INSTRUCTORS PERFORM COMPREHENSIVE STUDENT EVALUATIONS AT THE END OF THE SEASON AND ADVISE THE PARENTS ON A RECOMMENDED SKILL DEVELOPMENT PROGRAM FOR THE FOLLOWING YEAR. THE SECOND PROGRAM NANTUCKET COMMUNITY SAILING OFFERS IS COMMUNITY OUTREACH, WITH FREE OR HIGHLY SUBSIDIZED SAILING LESSONS AND WATER SPORTS TO UNDERSERVED CHILDREN AND ADULTS. THE OUTREACH CONSTITUENTS INCLUDE TODDLERS AND THEIR PARENT/CAREGIVER, CHILDREN FROM THE NANTUCKET BOYS & GIRLS CLUB, CHILDREN AND ADULTS WITH PHYSICAL AND/OR DEVELOPMENTAL DISABILITIES, THE ELDERLY, ADULTS WITH DEHABILITATING ILLNESS AND THEIR CAREGIVERS, AND THE NANTUCKET HIGH SCHOOL SAILING TEAM. THE THIRD PROGRAM AREA IS PROVIDING PRIVATE SAILING LESSONS AND RENTALS OF SAILBOATS AND WATER SPORTS EQUIPMENT, SUCH AS KAYAKS AND PADDLEBOARDS, TO MEMBERS AND THE GENERAL PUBLIC FROM THE JETTIES SAILING CENTER OVER EIGHT WEEKS. IN 2023 NCS OFFERED 394 PRIVATE LESSONS AND RENTED SAILBOATS AND WATER SPORTS EQUIPMENT TO OVER 400 PEOPLE. PEOPLE WHO PURCHASE JETTIES SAILING CENTER MEMBERSHIPS RECEIVE A DISCOUNT ON PRIVATE LESSONS AND FREE SAILBOAT AND WATER SPORTS EQUIPMENT RENTALS.Expenses $1,101,336 · grants $85,773 · revenue $578,965
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 October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | October 31, 2025 | March 16, 2026 | Not on file |
| 2023 | October 31, 2024 | March 17, 2025 | Not on file |
| 2022 | October 31, 2023 | March 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3252612
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- October
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N67Z)
- Assets (IRS master file)
- $5,124,951
- Income (IRS master file)
- $2,722,738
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | October 2023 | $1,455,641 | $1,474,855 | $5,124,951 | XML |
| 990-T | October 2023 | – | – | – | IRS |
| 990 | October 2022 | $1,702,390 | $1,371,578 | $5,215,303 | IRS |
| 990-T | October 2022 | – | – | – | IRS |
| 990 | October 2021 | – | – | – | IRS |
| 990-T | October 2021 | – | – | – | IRS |
| 990 | October 2020 | – | – | – | IRS |
| 990 | October 2019 | – | – | – | IRS |
| 990 | October 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 04-3252612).
Questions about NANTUCKET COMMUNITY SAILING INC
- What is the EIN of NANTUCKET COMMUNITY SAILING INC?
- The employer identification number (EIN) of NANTUCKET COMMUNITY SAILING INC is 04-3252612.
- Is NANTUCKET COMMUNITY SAILING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to NANTUCKET COMMUNITY SAILING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NANTUCKET COMMUNITY SAILING 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 COMMUNITY SAILING INC due?
- The return for tax year 2024 (the year ending October 31, 2025) is due March 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NANTUCKET COMMUNITY SAILING INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended October 2023.
- Who is the principal officer of NANTUCKET COMMUNITY SAILING INC?
- The 990 for the year ended October 31, 2023 names DIANA L BROWN.
- Who are the officers and directors of NANTUCKET COMMUNITY SAILING INC?
- The 990 for the year ended October 31, 2023 lists 29 people; 2 received compensation from the organization, the highest $131,250 (DIANA L BROWN, PRESIDENT & CEO).
- How much revenue does NANTUCKET COMMUNITY SAILING INC have?
- On its 990 for the year ended October 31, 2023 it reported revenue of $1,455,641, expenses of $1,474,855 and total assets of $5,124,951 at year end.
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All nonprofits in NANTUCKET · Massachusetts · Recreation and sports