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 12/2021, Nantucket Boys & Girls Club Inc employed 57 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 12/2021, Nantucket Boys & Girls Club Inc generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $2.6m 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
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Brescher Clerk | OfficerTrustee | 1 | $0 |
Lucile W Hays Chair Emerita | OfficerTrustee | 1 | $0 |
John Loose Trustee Emeritus | OfficerTrustee | 1 | $0 |
Matthew Maceachern Chairman In Waiting | OfficerTrustee | 1 | $0 |
Charles Geschke Trustee Emeritus | OfficerTrustee | 1 | $0 |
Lauren Marttila Board Chair | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $146,764 |
Fundraising events | $382,778 |
Related organizations | $0 |
Government grants | $438,472 |
All other contributions, gifts, grants, and similar amounts not included above | $1,272,717 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,240,731 |
Total Program Service Revenue | $304,649 |
Investment income | $74,282 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $148,052 |
Net Gain/Loss on Asset Sales | $60,816 |
Net Income from Fundraising Events | $970,662 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,799,192 |
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. | $136,512 |
Compensation of current officers, directors, key employees. | $21,842 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $864,321 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $156,856 |
Payroll taxes | $76,364 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,344 |
Fees for services: Accounting | $12,325 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $50,864 |
Advertising and promotion | $0 |
Office expenses | $75,851 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $64,675 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,102 |
Interest | $29,271 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $507,072 |
Insurance | $85,314 |
All other expenses | $39,343 |
Total functional expenses | $2,585,810 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $2,105,564 |
Pledges and grants receivable | $774,316 |
Accounts receivable, net | $13,759 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $58,598 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $103,097 |
Net Land, buildings, and equipment | $16,138,059 |
Investments—publicly traded securities | $0 |
Investments—other securities | $3,331,473 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $22,524,866 |
Accounts payable and accrued expenses | $493,827 |
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 | $493,827 |
Net assets without donor restrictions | $19,664,775 |
Net assets with donor restrictions | $2,366,264 |
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 | $22,524,866 |
Over the last fiscal year, we have identified 4 grants that Nantucket Boys & Girls Club Inc has recieved totaling $27,200.
Awarding Organization | Amount |
---|---|
Bruce And Deborah Duncan Foundation Naples, FL PURPOSE: ANNUAL FUND | $20,000 |
Holt Family Foundation Nantucket, MA PURPOSE: CIVIC | $6,000 |
Aris And Marianne Mardirossian Charitable Foundation Potomac, MD PURPOSE: GENERAL SUPPORT | $1,000 |
Clara Foundation Inc Siasconset, MA PURPOSE: GENERAL & UNRESTRICTED | $200 |
Beg. Balance | $149,325 |
Ending Balance | $149,325 |
Organization Name | Assets | Revenue |
---|---|---|
Madison Square Boys & Girls Club Inc New York, NY | $113,166,450 | $16,186,377 |
Kips Bay Boys And Girls Club Inc Bronx, NY | $29,136,373 | $11,702,149 |
Boys & Girls Club Of Central New Hampshire Inc Concord, NH | $13,472,672 | $8,851,535 |
Boys And Girls Clubs Of Hartford Inc Hartford, CT | $43,657,664 | $9,963,793 |
Boys & Girls Club Of Metro Queens Inc South Richmond Hill, NY | $10,687,196 | $6,066,978 |
Boys & Girls Clubs Of The Capital Area Inc Albany, NY | $8,608,570 | $7,515,956 |
Boys Club Of Mount Kisco Inc Mount Kisco, NY | $9,832,840 | $5,014,270 |
Manchester Boys And Girls Club Manchester, NH | $20,547,456 | $4,680,452 |
Boys And Girls Clubs Of Providence Providence, RI | $5,991,132 | $4,785,276 |
Boys And Girls Clubs Of Metro South Inc Taunton, MA | $8,642,224 | $4,925,133 |
Boys & Girls Club Of Stamford Inc Stamford, CT | $14,208,923 | $3,416,145 |
Boys And Girls Club Of Worcester Worcester, MA | $9,939,235 | $5,496,927 |