Nantucket Dreamland Foundation
- Assets
- $29.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 22
- Location
- Nantucket, MA
- Founding
- 08/2008
- Data as of
- 09/2020
- 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. As of 09/2021, Nantucket Dreamland Foundation employed 22 individuals. 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 09/2020, Nantucket Dreamland Foundation generated $2.3m 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 (4.2%) each year. All expenses for the organization totaled $2.5m during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (2.8%) 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
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:
Part 3 - Line 4a
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 |
|---|---|---|---|
Joseph Hale Former Executive Director | Officer | 40 | $108,534 |
Alicia Carney Executive Director | Officer | 40 | $78,733 |
Leah Day-Vanhorn Vice President | OfficerTrustee | 2 | $0 |
Denice Kronau Co-President | OfficerTrustee | 2 | $0 |
Ray Brusca Treasurer | OfficerTrustee | 2 | $0 |
John Schmidt Co-President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,502,861 |
| Investment income | $66,382 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,376 |
| Net Gain/Loss on Asset Sales | $1,646 |
| Net Income from Fundraising Events | -$25,163 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,255,041 |
| Statement of Expenses | |
|---|---|
| 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. | $122,939 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $605,187 |
| Pension plan accruals and contributions | $12,050 |
| Other employee benefits | $79,889 |
| Payroll taxes | $67,602 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $810 |
| Fees for services: Accounting | $14,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,985 |
| Fees for services: Other | $44,027 |
| Advertising and promotion | $45,378 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $226,846 |
| Travel | $0 |
| 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 | $522,737 |
| Insurance | $73,359 |
| All other expenses | $0 |
| Total functional expenses | $2,468,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $649,773 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $558,736 |
| 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 | $44,784 |
| Investments—publicly traded securities | $2,500,055 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,229,556 |
| Accounts payable and accrued expenses | $1,265,612 |
| 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 | $267,929 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,533,541 |
| 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 | $27,696,015 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Nantucket Dreamland Foundation has recieved totaling $79,952.
| Awarding Organization | Amount |
|---|---|
The India Blake Foundation Inc Key West, FL PURPOSE: FILM, ART & CULTURAL PROJECTS | $49,952 |
Bruce And Deborah Duncan Foundation Naples, FL PURPOSE: SUPPORT A WIDE VARIETY OF PROGRAMMING, AND TO BRING PEOPLE TOGETHER TO SHARE EXPERIENCES THROUGH FILM, ART, CULTURE AND LEARNING | $20,000 |
Penske Foundation Inc Bloomfield Hills, MI PURPOSE: GENERALGENERAL | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dia Center For The Arts Inc New York, NY | $215,209,262 | $19,693,933 |
Munson-Williams-Proctor Arts Institute Utica, NY | $139,434,457 | $25,944,561 |
Bethel Woods Center For The Arts Inc Liberty, NY | $30,099,296 | $24,809,456 |
Joan Mitchell Foundation Inc New York, NY | $163,093,074 | $7,287,755 |
Pioneer Works Art Foundation Brooklyn, NY | $17,838,425 | $7,041,619 |
St Anns Warehouse Inc Brooklyn, NY | $32,618,208 | $8,833,127 |
One Club For Creativity Inc New York, NY | $23,237,696 | $9,988,732 |
Consensus Building Institute Inc Cambridge, MA | $9,333,296 | $7,559,086 |
Judd Foundation New York, NY | $82,389,087 | $7,883,436 |
Guild Hall Of East Hampton Inc East Hampton, NY | $35,896,554 | $17,394,413 |
City Lore Inc New York, NY | $1,966,661 | $4,516,520 |
New Haven International Festival Of Arts & Ideas Inc New Haven, CT | $2,354,201 | $4,042,570 |