Nantucket Sustainable Development Corporation
- Assets
- $324.3k
- Revenue
- $641.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Nantucket, MA
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 04-3427501
Organization Overview
Nantucket Sustainable Development Corporation is located in Nantucket, MA. The organization was established in 2000. According to its NTEE Classification (L05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Nantucket Sustainable Development Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nantucket Sustainable Development Corporation 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 12/2021, Nantucket Sustainable Development Corporation generated $641.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $426.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVING THE COMMUNITY CHARACTER OF NANTUCKET WHILE SUSTAINING THE ECONOMIC AND ENVIRONMENTAL VITALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY FARM INSTITUTE - IS DESIGNED TO INCREASE OVERALL SUSTAINABLE AGRICULTURAL PRODUCTION AND DISTRIBUTION ON THE ISLAND. SN IS EXPANDING THE PRODUCTION AND ISLAND WIDE ACCESS TO LOCALLY GROWN FOOD BY PROVIDING LAND AND INFRASTRUCTURE TO OUR CURRENT FARMERS.
FARM TO SCHOOL - TEACHES LIFETIME LESSONS TO ISLAND CHILDREN IN NUTRITION AND ENVIRONMENTAL STEWARDSHIP THROUGH THE HANDS-ON PROCESS OF GROWING, HARVESTING, COOKING AND EATING FOOD IN THE GARDEN, GREENHOUSE, FARM FIELDS, CLASSROOM AND CAFETERIA.
FARMERS AND ARTISANS MARKET - TO SUPPORT AND STRENGTHEN THE INDUSTRY OF AGRICULTURE; TO SUPPORT THE LOCAL ECONOMY AND ENCOURAGE ENTREPRENEURS, TO HELP KEEP DOWNTOWN VITAL AND TO ENHANCE OUR EXPERIENCE OF COMMUNITY. RAISE AWARENESS OF AND DEMAND FOR LOCALLY GROWN FOOD. PROVIDE ISLAND FARMERS AND ARTISANS WITH A VENUE TO CONNECT TO COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Jordin Clerk | OfficerTrustee | 1 | $0 |
Paulette Boling Vice Preside | OfficerTrustee | 1 | $0 |
Elizabeth Davies President | OfficerTrustee | 3 | $0 |
Jenny Benzie Treasurer | OfficerTrustee | 1 | $0 |
Gabriel Frasca Director | Trustee | 1 | $0 |
Peter Mceachern Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,140 |
| All other contributions, gifts, grants, and similar amounts not included above | $519,624 |
| Noncash contributions included in lines 1a–1f | $500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $561,764 |
| Total Program Service Revenue | $50,660 |
| Investment income | $22 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $28,715 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $202 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $641,363 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,284 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,166 |
| Payroll taxes | $18,049 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $999 |
| Advertising and promotion | $29,718 |
| Office expenses | $4,867 |
| Information technology | $2,859 |
| Royalties | $0 |
| Occupancy | $34,598 |
| Travel | $349 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $671 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,073 |
| Insurance | $3,891 |
| All other expenses | $6,816 |
| Total functional expenses | $426,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,411 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,751 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $967 |
| Prepaid expenses and deferred charges | $6,160 |
| Net Land, buildings, and equipment | $126,056 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $324,345 |
| Accounts payable and accrued expenses | $10,179 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,179 |
| Net assets without donor restrictions | $302,918 |
| Net assets with donor restrictions | $11,248 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $324,345 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Nantucket Sustainable Development Corporation has recieved totaling $135,295.
| Awarding Organization | Amount |
|---|---|
The Schmidt Family Foundation Palo Alto, CA PURPOSE: NANTUCKET: ENCOURAGING RESILIENCE AND INNOVATION | $53,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $43,738 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $15,000 |
Edward John And Patricia Rosenwald Foundation New York, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Meg And Tim Callahan Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $7,500 |
Nantucket Golf Club Foundation Inc Siasconset, MA PURPOSE: SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Systems Building Research Alliance New York, NY | $3,295,952 | $1,982,698 |
Nantucket Sustainable Development Corporation Nantucket, MA | $324,345 | $641,363 |
Affordable Housing Accreditation Board Cheshire, CT | $113,855 | $424,969 |
Boston Tenant Coalition Inc Boston, MA | $253,865 | $183,240 |
Connecticut Housing Coalition Inc Wethersfield, CT | $0 | $40,281 |
Gotham Housing Coalition Inc New York, NY | $36,446 | $0 |