Nantucket Ice Company Inc

Organization Overview

Nantucket Ice Company Inc is located in Nantucket, MA. The organization was established in 1996. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 12/2020, Nantucket Ice Company Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nantucket Ice Company Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, Nantucket Ice Company Inc generated $553.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $782.9k during the year ending 12/2020. While expenses have increased by 0.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE A SAFE AND HEALTHY RECREATIONAL ENVIRONMENT WHERE NANTUCKET CHILDREN, ADULTS, AND FAMILIES CAN GATHER TO ENJOY THE SPORT OF ICE-SKATING

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXPENSES DIRECTLY RELATED TO ICE SKATING RINK PROGRAM. SKATING PROGRAMS INCLUDE KIDS ON ICE, LEARN TO SKATE AND SYNCHRONIZED SKATING PROGRAMS (350 SKATERS). IN ADDITION, PROGRAMS INCLUDE ICE TIME FOR YOUTH HOCKEY LEAGUE, HIGH SCHOOL HOCKEY PROGRAMS, ADULT LEAGUES, CLINICS AND CAMPS


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Board, Officers & Key Employees

Name (title)Compensation
Scott Corbett
Clerk/bldg Committee Chair
$0
Jennifer King
Treasurer
$0
Erik Evens
Vice President
$0
Devin Remick
President
$0
Ande Grennan
Trustee
$0
Charles Gibson
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$186,387
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$186,387
Total Program Service Revenue$298,551
Investment income $6,046
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $24,020
Net Gain/Loss on Asset Sales $38,125
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $371
Miscellaneous Revenue$0
Total Revenue $553,500

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Nantucket Ice Company Inc has recieved totaling $27,065.

Awarding OrganizationAmount
Nantucket Golf Club Foundation Inc

Siasconset, MA

PURPOSE: SUPPORT

$22,000
Nantucket Golf Club Foundation Inc

Siasconset, MA

PURPOSE: SUPPORT

$5,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$65
View Grant Recipient Profile

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