Nantucket Boys & Girls Club Inc
- Assets
- $22.5m
- Revenue
- $3.8m
- Investments
- $3.3m
- Employees
- 57
- Location
- Nantucket, MA
- Founding
- 02/1947
- Data as of
- 12/2021
- 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 12/2021, 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene Assaf Vice Chair | OfficerTrustee | 1 | $0 |
John Brescher Clerk | OfficerTrustee | 1 | $0 |
Lucile W Hays Chair Emerita | OfficerTrustee | 1 | $0 |
Charles Geschke Trustee Emeritus | OfficerTrustee | 1 | $0 |
Lauren Marttila Board Chair | OfficerTrustee | 1 | $0 |
Kerry Tilton Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| 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 |
Grants Recieved
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 |
Endowment Analysis
| Beg. Balance | $149,325 |
| Ending Balance | $149,325 |
Peer Organizations
| 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 |