Nantucket Ice Company Inc
- Assets
- $4.6m
- Revenue
- $553.5k
- Investments
- $0.0
- Employees
- 10
- Location
- Nantucket, MA
- Founding
- 02/1996
- Data as of
- 12/2020
- EIN
- 04-3256369
Organization Overview
Nantucket Ice Company Inc is located in Nantucket, MA. The organization was established in 1996. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 12/2020, Nantucket Ice Company Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nantucket Ice Company 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 12/2020, Nantucket Ice Company Inc generated $553.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $782.9k during the year ending 12/2020. While expenses have increased by 0.3% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE A SAFE AND HEALTHY RECREATIONAL ENVIRONMENT WHERE NANTUCKET CHILDREN, ADULTS, AND FAMILIES CAN GATHER TO ENJOY THE SPORT OF ICE-SKATING
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES DIRECTLY RELATED TO ICE SKATING RINK PROGRAM. SKATING PROGRAMS INCLUDE KIDS ON ICE, LEARN TO SKATE AND SYNCHRONIZED SKATING PROGRAMS (350 SKATERS). IN ADDITION, PROGRAMS INCLUDE ICE TIME FOR YOUTH HOCKEY LEAGUE, HIGH SCHOOL HOCKEY PROGRAMS, ADULT LEAGUES, CLINICS AND CAMPS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Evens Vice President | OfficerTrustee | 0.5 | $0 |
Devin Remick President | OfficerTrustee | 0.5 | $0 |
Scott Corbett Clerk/bldg Committee Chair | OfficerTrustee | 0.5 | $0 |
Jennifer King Treasurer | OfficerTrustee | 1 | $0 |
Ande Grennan Trustee | Trustee | 0.5 | $0 |
Mike Gillies Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,387 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,387 |
| Total Program Service Revenue | $298,551 |
| Investment income | $6,046 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,020 |
| Net Gain/Loss on Asset Sales | $38,125 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $371 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $553,500 |
| 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. | $55,000 |
| Compensation of current officers, directors, key employees. | $30,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,842 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,977 |
| Payroll taxes | $18,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,138 |
| Advertising and promotion | $6,229 |
| Office expenses | $8,037 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $143,768 |
| Travel | $550 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,599 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $204,846 |
| Insurance | $21,660 |
| All other expenses | $19,415 |
| Total functional expenses | $782,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,427 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,596 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,300 |
| Prepaid expenses and deferred charges | $45,441 |
| Net Land, buildings, and equipment | $4,188,429 |
| Investments—publicly traded securities | $271,047 |
| Investments—other securities | $0 |
| Investments—program-related | $25,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,614,240 |
| Accounts payable and accrued expenses | $14,752 |
| 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 | $45,797 |
| Total liabilities | $60,549 |
| Net assets without donor restrictions | $4,528,691 |
| Net assets with donor restrictions | $25,000 |
| 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 | $4,614,240 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Nantucket Ice Company Inc has recieved totaling $27,065.
| Awarding Organization | Amount |
|---|---|
Nantucket Golf Club Foundation Inc Siasconset, MA PURPOSE: SUPPORT | $22,000 |
Nantucket Golf Club Foundation Inc Siasconset, MA PURPOSE: SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $65 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Side House Inc Bronx, NY | $42,784,414 | $25,630,486 |
Asphalt Green Inc New York, NY | $39,826,452 | $15,850,846 |
Edith And Carl Marks Jewish Community House Of Bensonhurst Inc Brooklyn, NY | $17,259,322 | $10,181,997 |
Springfield Jewish Community Center Inc Springfield, MA | $15,393,582 | $6,006,732 |
Mosholu-Montefiore Community Center Inc Bronx, NY | $20,931,089 | $6,817,607 |
Italian Center Of Stamford Inc Stamford, CT | $7,452,060 | $3,304,149 |
Hale Education Inc Westwood, MA | $13,658,620 | $6,417,685 |
Community Center Of Northern Westchester Inc Katonah, NY | $3,328,800 | $5,498,991 |
Albany Jewish Community Center Albany, NY | $6,414,404 | $4,335,273 |
Mercy Center Inc Bronx, NY | $6,137,597 | $3,436,998 |
Martin Luther King Community Center Incorporated Newport, RI | $14,330,533 | $11,301,540 |
Berkshire South Regional Community Great Barrington, MA | $6,361,142 | $3,407,835 |