Nantucket Preservation Trust Inc

Organization Overview

Nantucket Preservation Trust Inc is located in Nantucket, MA. The organization was established in 1998. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Nantucket Preservation Trust Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nantucket Preservation Trust 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 12/2022, Nantucket Preservation Trust Inc generated $572.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $541.3k during the year ending 12/2022. While expenses have increased by 3.4% per year over the past 8 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO EDUCATE AND ENCOURAGE PROPERTY OWNERS AS TO WHAT IS POSSIBLE TO PRESERVE AND PROTECT THE HISTORICAL ELEMENTS OF THEIR PROPERTIES AND TO RAISE AWARENESS OF THE COMMUNITY ABOUT THE VALUE OF AND NEED FOR HISTORIC ARCHITECTURAL PRESERVATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION ENCOURAGES COMMUNITY ACTION AND SUPPORT BY PUBLISHING NEWSLETTERS AND BY MAINTAINING A WEB SITE. THE ORGANIZATION ALSO OBTAINS PRESERVATION EASEMENTS AND IS INVOLVED WITH WALKING TOURS OF NANTUCKET AND OTHER EDUCATIONAL PROJECTS. THEY ALSO CONDUCT VARIOUS HISTORICAL RESEARCH PROJECTS.


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Board, Officers & Key Employees

Name (title)Compensation
Kenneth Beaugrand
Chairman
$0
David Sj Brown
Director
$0
Craig Muhlhauser
Director
$0
Anne Troutman
Vice President
$0
Allison Potts
President
$0
Barbara Halsted
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $51,402
All other contributions, gifts, grants, and similar amounts not included above$310,735
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$362,137
Total Program Service Revenue$96,099
Investment income $15,979
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,828
Net Income from Fundraising Events $69,956
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $23,665
Miscellaneous Revenue$0
Total Revenue $572,664

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