Nantucket Boys & Girls Club Inc
- Assets
- $25.9m
- Revenue
- $5.4m
- Investments
- $7.0m
- Employees
- 34
- Location
- Nantucket, MA
- Founding
- 02/1947
- Data as of
- 12/2023
- EIN
- 04-6114678
Organization Overview
Nantucket Boys & Girls Club Inc is located in Nantucket, MA. The organization was established in 1947. According to its NTEE Classification (O23) the organization is classified as: Boys & Girls Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Nantucket Boys & Girls Club Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nantucket Boys & Girls Club 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 12/2023, Nantucket Boys & Girls Club Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $3.5m during the year ending 12/2023. While expenses have increased by 7.9% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER THE YOUTH OF NANTUCKET TO REALIZE THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NANTUCKET BOYS AND GIRLS CLUB PROVIDES EDUCATION, ARTS AND RECREATION, AND ATHLETIC PROGRAMS FOR OVER 1,000 CHILDREN ON NANTUCKET ISLAND, MASSACHUSETTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucile W Hays Trustee Emeritus | Trustee | 0 | $0 |
Madeline Greeley Director | Trustee | 0 | $0 |
Stephen Cheney Director | Trustee | 0 | $0 |
Liz Ann Sonders Vice Chair | OfficerTrustee | 1 | $0 |
Bess Clarke Director | Trustee | 0 | $0 |
Jane Stoddard Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $217,799 |
| Fundraising events | $584,172 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,158,388 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,960,359 |
| Total Program Service Revenue | $447,153 |
| Investment income | $207,021 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $205,344 |
| Net Gain/Loss on Asset Sales | -$24,129 |
| Net Income from Fundraising Events | $1,630,830 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,439,422 |
| 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. | $174,671 |
| Compensation of current officers, directors, key employees. | $27,947 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,300,954 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $147,568 |
| Payroll taxes | $116,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,335 |
| Fees for services: Accounting | $11,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,107 |
| Advertising and promotion | $0 |
| Office expenses | $100,343 |
| Information technology | $0 |
| Royalties | $61,381 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,727 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $555,993 |
| Insurance | $191,709 |
| All other expenses | $64,571 |
| Total functional expenses | $3,532,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,182,684 |
| Pledges and grants receivable | $743,916 |
| Accounts receivable, net | $54,243 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $51,351 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $185,945 |
| Net Land, buildings, and equipment | $15,693,463 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,993,353 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,904,955 |
| Accounts payable and accrued expenses | $297,566 |
| 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 | $297,566 |
| Net assets without donor restrictions | $22,948,660 |
| Net assets with donor restrictions | $2,658,729 |
| 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 | $25,904,955 |