Community Foundation For Nantucket

Organization Overview

Community Foundation For Nantucket is located in Nantucket, MA. The organization was established in 2006. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Foundation For Nantucket employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation For Nantucket 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, Community Foundation For Nantucket generated $10.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $4.0m during the year ending 12/2021. While expenses have increased by 14.8% 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.

Since 2015, Community Foundation For Nantucket has awarded 424 individual grants totaling $17,873,105. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

OUR MISSION IS TO STRENGTHEN NANTUCKET NOW AND FOR FUTURE GENERATIONS THROUGH INFORMED PHILANTHROPY AND COMMUNITY LEADERSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COMMUNITY PROGRAMS AND GENERAL PHILANTHROPY INCLUDING GRANTS AND PROGRAM EXPENSES FOR HOUSING, MENTAL HEALTH, SUBSTANCE ABUSE DISORDERS, YOUTH, EDUCATION, HUMAN SERVICES, ARTS/CULTURE, CONSERVATION, AND ANIMAL RELATED CAUSES.


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Board, Officers & Key Employees

Name (title)Compensation
Magaretta Andrews
Executive Di
$108,121
Thomas J Anathan
Treasurer
$0
Bob Felch
Vice Preisde
$0
Marsha Kotalac
Secretary
$0
Geoffrey Verney
President
$0
Cathy Ward Through 721
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $400,000
All other contributions, gifts, grants, and similar amounts not included above$8,673,147
Noncash contributions included in lines 1a–1f $1,146,410
Total Revenue from Contributions, Gifts, Grants & Similar$9,073,147
Total Program Service Revenue$97,854
Investment income $251,377
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $621,644
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,044,022

Grants Awarded

Over the last fiscal year, Community Foundation For Nantucket has awarded $2,918,603 in support to 67 organizations.

Grant RecipientAmount

NANTUCKET FOOD FUEL RENTAL ASSISTAN

Org PageRecipient Profile

Nantucket, MA

PURPOSE: HUMAN SERVICES

$289,637

HOUSING NANTUCKET

Org PageRecipient Profile

Nantucket, MA

PURPOSE: HOUSING SHELTER

$275,220

FAIRWINDS - NANTUCKET'S COUNSELING

Org PageRecipient Profile

Nantucket, MA

PURPOSE: MENTAL HEALTH & CRIS

$232,780

HEALTH IMPERATIVES

Org PageRecipient Profile

Brockton, MA

PURPOSE: HEALTHCARE

$179,152

SECOND CONGREGATIONAL MEETING HOUSE

Org PageRecipient Profile

Nantucket, MA

PURPOSE: RELIGION RELATED

$134,228

NANTUCKET BOYS & GIRLS CLUB

Org PageRecipient Profile

Nantucket, MA

PURPOSE: YOUTH DEVELOPMENT

$128,195
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Community Foundation For Nantucket has recieved totaling $1,100.

Awarding OrganizationAmount
Mountain Laurel Foundation

Wilmington, DE

PURPOSE: GENERAL PURPOSES

$1,000
Judith B Phelan And Richard S Phelan Fam Foundation Inc

Germantown, NY

PURPOSE: GENERAL PURPOSE

$100
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,757,301
Earnings$838,490
Admin Expense-$555,353
Net Contributions$1,547,913
Grants$3,951
Ending Balance$8,695,106

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