Nantucket Project Academy Inc is located in Nantucket, MA. The organization was established in 2018. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2020, Nantucket Project Academy Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nantucket Project Academy 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 Project Academy Inc generated $920.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $861.5k during the year ending 12/2020. 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 ACCELERATE THE DISTRIBUTION AND IMPACT OF IDEAS THAT ADDRESS CHALLENGING PROBLEMS OF OUR TIME WITH A FOCUS ON HUMANITY, ALWAYS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT TNP ACADEMY, WE CELEBRATE NEIGHBORHOODS EVERYWHERE BY SUPPORTING LOCAL TALENT, TELLING THEIR STORIES, AND SHARING THE MEANING AND WONDER OF HUMAN CONNECTION.IN RESPONSE TO THE SOCIAL ISOLATION CRISIS GRIPPING THE UNITED STATES, WE BRING THE FOCUS BACK TO EVERYDAY AMERICANS WHO, THROUGH THEIR COMMUNITY WORK, ARE REBUILDING THE NATION FROM THE GROUND UP.WE ARE DEDICATED NEIGHBORHOOD RESEARCHERS, FIRST IDENTIFYING THE INHERENT VALUES PRESENT IN THRIVING COMMUNITIES AND THEN CREATING HUBS WHERE THOSE VALUES CAN BE PRACTICED, DISCUSSED AND AMPLIFIED FOR THE BENEFIT OF ALL OF US.OUR PROGRAMSTHE KEEPERS OF THE COMMONS - INVITES AND SPONSORS NEIGHBORHOODS FROM ACROSS AMERICA TO ATTEND THE NANTUCKET PROJECT AS FELLOWS AND PARTICIPATE IN ADDITIONAL TNP ACADEMY EVENTS THROUGHOUT THE 12 MONTHS THAT FOLLOW.TNP ISLANDER PASS - ALLOWS YEAR ROUND NANTUCKET RESIDENTS TO ATTEND SELECT SESSIONS OF THE TNP FLAGSHIP EVENT EACH SEPTEMBER FREE OF CHARGE WITH SUPPORT FROM ACADEMY CHAMPIONS. ALL RESIDENTS ARE ENCOURAGED TO APPLY FOR THE ISLANDER PASS.TNP WINTER - IS AN ANNUAL EVENT THAT TAKES PLACE DURING NANTUCKET'S WINTER SEASON. THE EVENT, MADE POSSIBLE THANKS TO GENEROUS SUPPORTERS OF TNP ACADEMY, INVITES WORLD CLASS SPEAKERS TO THE ISLAND TO CONNECT AND WORKSHOP WITH ISLANDERS ABOUT LOCAL ISSUES AFFECTING THE COMMUNITY.TNP JUNIORS - INVITES AND SPONSORS SELECT NANTUCKET HIGH SCHOOL STUDENTS AND THEIR TEACHERS TO ATTEND THE FLAGSHIP TNP EVENT AS FELLOWS. TNP JUNIORS ARE HEAVILY ENCOURAGED TO SHARE THEIR TNP EXPERIENCES WITH THEIR COMMUNITY THROUGH ESSAYS, ARTICLES AND PRESENTATIONS AFTER THE FACT.LOVE FELLOWS - WITH SUPPORT FROM THE JOHN TEMPLETON FOUNDATION, INVITES 40 HAND PICKED VISIONARIES FROM ACROSS INDUSTRIES TO THE TNP FLAGSHIP EVENT, WHERE THEY ARE ABLE TO DISCUSS THEIR WORK, PERSPECTIVES AND IDEAS WITH EACH OTHER IN A WORKSHOP SETTING, AND INFORMALLY WITH ALL ATTENDEES DURING THE 4 DAY EVENT.THE ROADSHOWS - WITH SUPPORT FROM THE JOHN TEMPLETON FOUNDATION, THE ACADEMY WILL CO-HOST 6-8 EVENTS PER YEAR IN VARIOUS LOCATIONS ACROSS THE UNITED STATES. THESE ROADSHOWS WILL STIMULATE A BROAD CONVERSATION ON THE IMPORTANCE OF VIRTUE AMONGST ITS IMMEDIATE AUDIENCE AND TRIGGER TESTIMONIALS FROM EXPERTS AND INFLUENCERS AS WELL AS ARTICLES IN HIGH-IMPACT PUBLICATIONS. WE HAVE FOUND THAT OUR ROADSHOW EVENTS ARE CATALYSTS FOR THE CONTENT BEING SHARED (BY SPEAKER OR ON FILM) AT FUTURE EVENTS, SUCH AS CONFERENCES, FILM FESTIVALS AND FUNDRAISERS. TNP ACADEMY FILMS - WITH SUPPORT FROM THE JOHN TEMPLETON FOUNDATION, THE ACADEMY PRODUCES THREE FILMS A YEAR INSPIRED BY THE DIALOGUES AND THEMES OF OUR EVENTS AND PROGRAM PARTICIPANTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tom Scott President | OfficerTrustee | 2 | $0 |
Margaretta Andrews Treasurer | OfficerTrustee | 2 | $0 |
Kate Brosnan Clerk/professional Services | OfficerTrustee | 2 | $9,000 |
Lindsay Morris Executive Director | OfficerTrustee | 40 | $78,428 |
Michelle Boniface St John Senior Producer | 40 | $101,564 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $25,010 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $870,632 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $895,642 |
Total Program Service Revenue | $25,000 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $920,642 |
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. | $87,428 |
Compensation of current officers, directors, key employees. | $78,428 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $112,735 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $15,799 |
Fees for services: Management | $0 |
Fees for services: Legal | $34,252 |
Fees for services: Accounting | $33,884 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $527,304 |
Advertising and promotion | $0 |
Office expenses | $22,512 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $11,014 |
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 | $0 |
Insurance | $5,487 |
All other expenses | $11,037 |
Total functional expenses | $861,452 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,713,945 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,713,945 |
Accounts payable and accrued expenses | $6,227 |
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 | $102,641 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,494,574 |
Total liabilities | $1,603,442 |
Net assets without donor restrictions | $110,503 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,713,945 |