Nantucket Dreamland Foundation
- Assets
- $28.4m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Nantucket, MA
- Founding
- 08/2008
- Data as of
- 09/2023
- EIN
- 74-3234491
Organization Overview
Nantucket Dreamland Foundation is located in Nantucket, MA. The organization was established in 2008. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nantucket Dreamland Foundation 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 09/2023, Nantucket Dreamland Foundation generated $3.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $3.8m during the year ending 09/2023. While expenses have increased by 3.3% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE DREAMLAND BUILDS COMMUNITY ON NANTUCKET YEAR-ROUND BY BRINGING PEOPLE TOGETHER TO SHARE EXPERIENCE THROUGH FILM, ART, CULTURE, AND LEARNING.
Describe the Organization's Program Activity:
TO ENRICH THE CULTURAL AND INTELLECTUAL LIFE OF NANTUCKET BY PROVIDING YEAR-ROUND FILMS, EDUCATIONAL PROGRAMS, AND A VENUE FOR ACTIVITIES THAT ENGAGE NANTUCKET IN THE EVOLVING WORLD OF DIGITAL ENTERTAINMENT AND EDUCATION IN ONE OF AMERICA'S OLDEST THEATERS WHILE PROVIDING A VENUE FOR COMMUNITY ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Schmidt Chair | OfficerTrustee | 2 | $0 |
Leah Day-Vanhorn Vice Chair | OfficerTrustee | 2 | $0 |
Ray Brusca Treasurer | OfficerTrustee | 2 | $0 |
Robin Rednor Secretary | OfficerTrustee | 2 | $0 |
Annie Bissinger Director | Trustee | 2 | $0 |
John Buckey Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Four Winds Painting Painting | 9/29/22 | $249,420 |
Rafenelli Events Event Planning | 9/29/22 | $130,798 |
Island Kitchen Event Catering | 9/29/22 | $127,712 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $222,640 |
| Fundraising events | $542,762 |
| Related organizations | $0 |
| Government grants | $214,224 |
| All other contributions, gifts, grants, and similar amounts not included above | $653,928 |
| Noncash contributions included in lines 1a–1f | $354,227 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,633,554 |
| Total Program Service Revenue | $1,381,235 |
| Investment income | $65,504 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $153,642 |
| Net Gain/Loss on Asset Sales | -$5,280 |
| Net Income from Fundraising Events | -$165,807 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $355,588 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,420,241 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $176,000 |
| Other salaries and wages | $924,029 |
| Pension plan accruals and contributions | $14,285 |
| Other employee benefits | $178,387 |
| Payroll taxes | $83,339 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,843 |
| Fees for services: Other | $161,356 |
| Advertising and promotion | $37,235 |
| Office expenses | $126,861 |
| Information technology | $39,713 |
| Royalties | $0 |
| Occupancy | $286,715 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,918 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $607,930 |
| Insurance | $143,576 |
| All other expenses | $0 |
| Total functional expenses | $3,808,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $712,754 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $162,551 |
| 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 | $48,604 |
| Net Land, buildings, and equipment | $24,203,241 |
| Investments—publicly traded securities | $3,272,297 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,399,447 |
| Accounts payable and accrued expenses | $1,028,155 |
| 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 | $1,028,155 |
| Net assets without donor restrictions | $24,897,988 |
| Net assets with donor restrictions | $2,473,304 |
| 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 | $28,399,447 |