Nantucket Community Sailing Inc
- Assets
- $4.9m
- Revenue
- $779.0k
- Investments
- $0.0
- Employees
- 22
- Location
- Nantucket, MA
- Founding
- 09/1995
- Data as of
- 10/2020
- EIN
- 04-3252612
Organization Overview
Nantucket Community Sailing Inc is located in Nantucket, MA. The organization was established in 1995. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. As of 10/2021, Nantucket Community Sailing Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nantucket Community Sailing 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 10/2020, Nantucket Community Sailing Inc generated $779.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $906.0k during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE SAILING INSTRUCTION AND ACCESS TO WATER SPORTS FOR THE NANTUCKET COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NANTUCKET COMMUNITY SAILING (NCS) OFFERS A FULL RANGE OF YOUTH AND ADULT GROUP SAILING LESSONS, PRIVATE SAILING LESSONS, AND PROVIDES HOURLY AND DAILY RENTALS OF SAILBOATS AND WATER SPORTS EQUIPMENT SUCH AS KAYAKS AND PADDLEBOARDS TO MEMBERS AND THE GENERAL PUBLIC, FROM TWO LOCATIONS ON NANTUCKET, JETTIES BEACH AND POLPIS HARBOR. THE ORGANIZATION PROVIDES $150,000 IN YOUTH SAILING SCHOLARSHIPS AND FREE COMMUNITY OUTREACH TO UNDERSERVED CHILDREN AND ADULTS WHO WOULD OTHERWISE NOT BE ABLE TO GET OUT ON THE WATER. IN ADDITION, THE ORGANIZATION RUNS REGATTAS DURING THE SUMMER TO INCLUDE MORE PEOPLE IN THE SPORT OF SAILING AND AS FUNDRAISING EVENTS TO SUPPORT THE SAILING PROGRAMS. THE ORGANIZATION OPERATES THE PROGRAMS AND EVENTS WITH A FOCUS ON SUSTAINABILITY, AND COLLABORATES WITH OTHER NON-PROFIT ORGANIZATIONS TO MAINTAIN NANTUCKET'S WATER QUALITY.IN FISCAL YEAR 2021 NCS HAD 825 ENROLLMENTS IN OUR YOUTH SAILING PROGRAMS OVER EIGHT WEEKS, REPRESENTING 389 UNIQUE STUDENTS. 40% OF OUR STUDENTS WERE YEAR-ROUND NANTUCKET CHILDREN, AND WE PROVIDED $62,175 IN SAILING SCHOLARSHIPS TO 110 CHILDREN. OUR COMMUNITY OUTREACH PROGRAMS SUPPORTED 256 PEOPLE OVER 68 STUDENT DAYS OF ACTIVITY. NCS ALSO OFFERED PRIVATE LESSONS AND SAILBOAT RENTALS TO OVER 250 PEOPLE WHO RESERVED IN ADVANCE, AND ADDITIONAL WALK-UP MEMBERS OF THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana L Brown President & CEO | Officer | 40 | $98,293 |
West Riggs 2nd Vice President | OfficerTrustee | 1 | $0 |
Linda Mcgrath 1st Vice President | OfficerTrustee | 1 | $0 |
Traci Weaver 2nd Vice President (thru 11/20) | OfficerTrustee | 1 | $0 |
Penelope Dey Treasurer | OfficerTrustee | 1 | $0 |
Carolyn Grant Zarrella Clerk | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Peter Christiansen Plumbing & Heating Plumbing And Hvac | 10/30/20 | $107,400 |
Duane Jones General Contractor | 10/30/20 | $458,017 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $624,126 |
| Investment income | $4,401 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,272 |
| Net Gain/Loss on Asset Sales | $31,263 |
| Net Income from Fundraising Events | -$56,886 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $75 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $779,029 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $22,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $129,757 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $322,206 |
| Pension plan accruals and contributions | $5,677 |
| Other employee benefits | $0 |
| Payroll taxes | $38,821 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,342 |
| Advertising and promotion | $3,511 |
| Office expenses | $19,595 |
| Information technology | $14,788 |
| Royalties | $0 |
| Occupancy | $31,231 |
| Travel | $11,805 |
| 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 | $162,337 |
| Insurance | $69,531 |
| All other expenses | $0 |
| Total functional expenses | $905,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,627 |
| Savings and temporary cash investments | $587,571 |
| Pledges and grants receivable | $160,700 |
| Accounts receivable, net | $25,007 |
| 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 | $2,223 |
| Investments—publicly traded securities | $123,735 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,938,871 |
| Accounts payable and accrued expenses | $12,693 |
| Grants payable | $0 |
| Deferred revenue | $70,966 |
| 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 | $786,610 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $149,300 |
| Total liabilities | $1,019,569 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $3,919,302 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nantucket Community Sailing Inc has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Clara Foundation Inc Siasconset, MA PURPOSE: GENERAL & UNRESTRICTED | $250 |
Endowment Analysis
| Earnings | $3,345 |
| Net Contributions | $100,000 |
| Ending Balance | $103,345 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Junior Tennis League Inc Long Island City, NY | $15,745,055 | $13,403,069 |
United States Sailing Association Inc Bristol, RI | $8,027,126 | $11,092,289 |
Row New York Inc New York, NY | $11,063,352 | $5,131,305 |
New England Sailing Foundation Inc Marblehead, MA | $32,351 | $1,795,441 |
New England Science & Sailing Foundation Inc Stonington, CT | $5,613,617 | $3,618,390 |
Long Island Swimming Garden City, NY | $5,786,299 | $2,981,330 |
Sail Newport Inc Newport, RI | $8,050,460 | $2,453,105 |
Stony Brook Yacht Club Inc Stony Brook, NY | $1,925,542 | $2,144,649 |
Community Boating Inc Boston, MA | $5,688,954 | $2,833,055 |
Hudson River Community Sailing Inc New York, NY | $1,975,748 | $1,753,516 |
Winchester Boat Club Winchester, MA | $5,238,512 | $1,099,002 |
Saugatuck Harbor Yacht Club Inc Westport, CT | $2,019,925 | $1,016,320 |