Nantucket Shellfish Association Inc
- Assets
- $414.0k
- Revenue
- $211.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Nantucket, MA
- Founding
- 12/2003
- Data as of
- 12/2021
- EIN
- 06-1684351
Organization Overview
Nantucket Shellfish Association Inc is located in Nantucket, MA. The organization was established in 2003. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nantucket Shellfish Association 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 Shellfish Association Inc generated $211.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $101.7k during the year ending 12/2021. While expenses have increased by 8.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RESEARCH AMD EDUCATION FOR THE CONSERVATION AND ENHANCEMENT OF SHELLFISH POPULATIONS IN THE WATERS OFF NANTUCKET ISLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHEELFISH PROPAGATION AND MANAGMENT RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Beni Co-President | OfficerTrustee | 1 | $0 |
Kevin Kuester Co-President | OfficerTrustee | 1 | $0 |
Brooke Christian Treasurer | OfficerTrustee | 4 | $0 |
Carl Sjolund Co-Vice President | OfficerTrustee | 1 | $0 |
Simon Edwardes Co-Vice President | OfficerTrustee | 1 | $0 |
Emily Murphy PHD Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,476 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $168,244 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $189,720 |
| Total Program Service Revenue | $0 |
| Investment income | $285 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,668 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,729 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $211,402 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $50,568 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $950 |
| Advertising and promotion | $7,773 |
| Office expenses | $17,206 |
| Information technology | $20 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $101,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,837 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,130 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $413,967 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $413,967 |
| Net assets with donor restrictions | $0 |
| 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 | $413,967 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Nantucket Shellfish Association Inc has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
Nancy Sayles Day Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $5,000 |
Good Neighbor Fam Tr West Palm Beach, FL PURPOSE: PRESERVE AND PROTECT HARBORS, WATER QUALITY AND SHELLFISH RESOURCES | $1,000 |
Meg And Tim Callahan Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
The Ketterer Family Foundation Rumson, NJ PURPOSE: GENERAL | $1,000 |
David And Vickie Smick Foundation Vero Beach, FL PURPOSE: CHARITABLE | $1,000 |
Kurtz Family Foundation Georgetown, CT PURPOSE: GENERAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heavy Construction Industry Fund New York, NY | $24,457,135 | $4,942,939 |
Fab Foundation Boston, MA | $3,602,930 | $3,603,989 |
Society Of Plastics Engineers Inc Danbury, CT | $7,877,326 | $3,851,885 |
International Union Of Operating Engineers 57 Johnston, RI | $2,550,590 | $1,907,381 |
International Union Of Operating Engineers-98 Southwick, MA | $1,494,223 | $1,781,462 |
Construction Industries Of Massachusetts Inc Norwood, MA | $1,576,063 | $1,804,804 |
Engineering Center Education Trust Boston, MA | $2,342,937 | $1,311,012 |
American Federation Of Labor And Congress Of Industrial Orgs Dorchester, MA | $985,622 | $961,996 |
Construction Contractors Assn Of The Hudson Valley Inc Newburgh, NY | $1,019,153 | $947,733 |
Construction Exchange Of Buffalo Western New York Buffalo, NY | $2,118,263 | $1,098,271 |
International Society For Pharmaceutical Engineering Inc Waltham, MA | $1,575,326 | $683,732 |
American Council Of Engineering Companies Of Massachusetts Boston, MA | $626,689 | $842,590 |