Nantucket Historical Association
- Assets
- $54.2m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 67
- Location
- Nantucket, MA
- Founding
- 06/1934
- Data as of
- 12/2021
- EIN
- 04-6003451
Organization Overview
Nantucket Historical Association is located in Nantucket, MA. The organization was established in 1934. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Nantucket Historical Association employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nantucket Historical Association 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 Historical Association generated $8.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $5.7m during the year ending 12/2021. While expenses have increased by 1.6% 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
THE NANTUCKET HISTORICAL ASSOCIATION PRESERVES AND INTERPRETS THE HISTORY OF NANTUCKET THROUGH ITS PROGRAMS, COLLECTIONS, AND PROPERTIES, IN ORDER TO PROMOTE THE ISLAND'S SIGNIFICANCE AND FOSTER AN APPRECIATION OF IT AMONG ALL AUDIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CURATORIAL & COLLECTION CARE - IN ADDITION TO THE NHA'S EXTENSIVE COLLECTION OF ARTIFACTS, IT ALSO OWNS AND MAINTAINS 18 HISTORIC PROPERTIES, OF WHICH MANY ARE OPEN TO THE PUBLIC. OVER 100,000 VISITORS ENTER NHA PROPERTIES EACH YEAR TO VIEW ITEMS FROM THE PERMANENT COLLECTION AS WELL AS TRAVELING CHANGING EXHIBITIONS. THE CURATORIAL DEPARTMENT CONTINUES TO ACCESSION GIFTS TO THE COLLECTION AND DIGITIZE THE IMAGES OF THE COLLECTION TO MAKE THE DATABASE ACCESSIBLE WORLDWIDE THROUGH THE INTERNET.
EDUCATION AND PUBLIC PROGRAMS - THE NHA OFFERS A YEAR-ROUND SCHEDULE OF DIVERSE EDUCATIONAL PROGRAMS AT ITS PROPERTIES AND IN LOCAL SCHOOLS. DURING THE SUMMER SEASON, THE NHA OFFERS DAILY EXHIBITION TOURS AND WALKING TOURS OF THE ISLAND, INTERPRETIVE PRESENTATIONS, AND PUBLIC ACCESS TO THE DISCOVERY ROOM, WHICH IS A FAMILY LEARNING CENTER. THROUGHOUT THE ENTIRE YEAR, THE NHA ALSO OFFERS A LECTURE SERIES, MANY OF WHICH ARE FREE TO THE PUBLIC. THE 1800 HOUSE, ONE OF THE NHA'S PROPERTIES IS DEDICATED TO CELEBRATING AND REVIVING NANTUCKET'S RICH TRADITION IN HISTORIC DECORATIVE ARTS AND CRAFTS. COURSES RUN FROM MAY THROUGH OCTOBER.
RESEARCH LIBRARY - THE NANTUCKET HISTORICAL ASSOCIATION RESEARCH LIBRARY IS A SPECIAL COLLECTIONS REPOSITORY OF PRIMARY RESOURCES FOCUSING ON NANTUCKET HISTORY. THE COLLECTIONS CONTAIN MORE THAN 5,000 VOLUMES AND 60,000 PHOTOGRAPHS, AS WELL AS ARCHIVAL DOCUMENTS SUCH AS SHIPS' LOGS, ACCOUNT BOOKS, FAMILY PAPERS, AND SCRAPBOOKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Russell Former Executive Director | Officer | 40 | $239,810 |
Johanna Richard Executive Director | Officer | 40 | $235,785 |
Edwin Rudd Director Of Historic Properties | 40 | $140,681 | |
Amelia Holmes Director Collections And Research | 40 | $122,821 | |
Mary Lacoursiere Director Of Education | 40 | $118,360 | |
Sarah Alger Clerk | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grodsky Hvac Maintenance | 12/30/20 | $135,320 |
Novation Media It Support | 12/30/20 | $103,884 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $525,314 |
| Fundraising events | $585,933 |
| Related organizations | $0 |
| Government grants | $520,937 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,868,157 |
| Noncash contributions included in lines 1a–1f | $66,282 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,500,341 |
| Total Program Service Revenue | $1,016,618 |
| Investment income | $744,434 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $384,727 |
| Net Gain/Loss on Asset Sales | $1,936,367 |
| Net Income from Fundraising Events | $16,926 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $95,513 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,695,480 |
| 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. | $883,525 |
| Compensation of current officers, directors, key employees. | $475,595 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $429,736 |
| Pension plan accruals and contributions | $678 |
| Other employee benefits | $316,124 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $96,880 |
| Fees for services: Accounting | $18,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,777 |
| Fees for services: Other | $0 |
| Advertising and promotion | $156,188 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,372,369 |
| Travel | $25,882 |
| 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 | $1,108,968 |
| Insurance | $61,581 |
| All other expenses | $299,684 |
| Total functional expenses | $5,654,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,423,210 |
| Pledges and grants receivable | $744,804 |
| 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 | $108,889 |
| Prepaid expenses and deferred charges | $159,276 |
| Net Land, buildings, and equipment | $15,199,238 |
| Investments—publicly traded securities | $35,586,993 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,222,410 |
| Accounts payable and accrued expenses | $540,021 |
| 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 | $540,021 |
| Net assets without donor restrictions | $29,485,037 |
| Net assets with donor restrictions | $24,197,352 |
| 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 | $54,222,410 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Nantucket Historical Association has recieved totaling $26,505.
| Awarding Organization | Amount |
|---|---|
Bruce And Deborah Duncan Foundation Naples, FL PURPOSE: SUPPORT FOR THE OPERATION OF THE NHA'S WHALING MUSEUM, RESEARCH LIBRARY, AND HISTORIC SITES | $25,000 |
Ross Foundation Lynchburg, VA PURPOSE: UNRESTRICTED | $1,000 |
Judith B Phelan And Richard S Phelan Fam Foundation Inc Germantown, NY PURPOSE: GENERAL PURPOSE | $250 |
Clara Foundation Inc Siasconset, MA PURPOSE: GENERAL & UNRESTRICTED | $200 |
Ochsner Charitable Foundation Bolton, MA PURPOSE: DONATION TO 501 C3 | $55 |
Endowment Analysis
| Beg. Balance | $31,305,587 |
| Earnings | $3,907,158 |
| Net Contributions | $374,248 |
| Ending Balance | $35,586,993 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Preservation Society Of Newport County Newport, RI | $83,597,126 | $27,874,827 |
Friends Of The High Line Inc New York, NY | $106,621,000 | $20,114,000 |
World Monuments Fund Inc New York, NY | $56,711,356 | $20,259,179 |
Historic Hudson Valley Pocantico Hills, NY | $88,361,473 | $19,006,453 |
New England Historic Genealogical Society Inc Boston, MA | $58,526,477 | $13,569,592 |
Connecticut Trust For Historic Preservation Hamden, CT | $2,880,357 | $12,511,714 |
The Fort Ticonderoga Association Inc Ticonderoga, NY | $22,583,346 | $10,084,437 |
The Josef And Anni Albers Foundation Inc Bethany, CT | $32,115,057 | $7,525,828 |
Massachusetts Historical Society Boston, MA | $153,195,244 | $13,508,822 |
Statue Of Liberty Ellis Island Foundation Inc New York, NY | $69,211,443 | $8,809,212 |
Edward M Kennedy Institute For The United States Senate Inc Boston, MA | $123,530,650 | $3,733,081 |
Nantucket Historical Association Nantucket, MA | $54,222,410 | $8,695,480 |