2024-05-02T16:25:55-05:00 2023-12-31 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD - SUITE 302 WESTBOROUGH MA 01581 990 2023-01-01 043165556 THE NANTUCKET EDUCATION TRUST INC NANT 5082287285 PO BOX 3163 NANTUCKET MA 025843163 JOHN RICCIO TREASURER 5082287285 2024-05-02 1 JOHN RICCIO 999009999 0 SANDRA M BROWN CPA P01614103 5088717178 2024-05-01 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z JOHN RICCIO PO BOX 3163 NANTUCKET MA 025843163 495397 0 X WWW.NANTUCKETEDUCATIONTRUST.ORG X 1992 MA THE NANTUCKET EDUCATION TRUST'S MISSION IS THREE-FOLD: TO GENERATE PRIVATE SUPPORT FOR PUBLIC EDUCATION ON NANTUCKET; TO FOSTER PRIVATE AND PUBLIC PARTNERSHIPS THAT BENEFIT THE CHILDREN OF NANTUCKET PUBLIC SCHOOLS; AND TO HONOR EXCELLENCE IN TEACHING AND LEARNING. 8 8 0 0 0 0 3500 1210 307900 304274 16229 4163 0 0 327629 309647 2472 18405 0 0 4800 4800 0 0 0 214733 225287 222005 248492 105624 61155 2549512 2632062 1725189 1696630 824323 935432 THE NANTUCKET EDUCATION TRUST'S MISSION IS THREE-FOLD: TO GENERATE PRIVATE SUPPORT FOR PUBLIC EDUCATION ON NANTUCKET; TO FOSTER PRIVATE AND PUBLIC PARTNERSHIPS THAT BENEFIT THE CHILDREN OF NANTUCKET PUBLIC SCHOOLS; AND TO HONOR EXCELLENCE IN TEACHING AND LEARNING. 0 0 194447 304274 BUILD AND MAINTAIN 12 RENTAL HOUSING UNITS FOR THE BENEFIT OF TEACHERS AND SCHOOL STAFF. 20066 18405 PROVIDE EDUCATIONAL PROGRAMS IN THE NANTUCKET PUBLIC SCHOOL SYSTEM INCLUDING PURCHASE OF EQUIPMENT, PAYMENT OF SALARIES & GRANTS FOR TEACHERS, SPONSORSHIP OF LECTURES, SEMINARS AND WORKSHOPS, AND PARTICIPATION IN THE SATELLITE PROGRAMS COORDINATED BY THE SCHOOL. 214513 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X MARTIN ANGUELOV 5082287285 10 SURFSIDE ROAD NANTUCKET MA 02554 JOHN RICCIO TREASURER 1.00 X X 0 0 0 HADLEY DUTRA PRESIDENT 1.00 X X 0 0 0 ALICIA GRAZIADEI CLERK 1.00 X X 0 0 0 ELIZABETH HALLETT VICE PRESIDENT 1.00 X X 0 0 0 MARTIN ANGUELOV DIRECTOR/BOOKKEEPER 1.00 X 4800 0 0 MARIE LEMBERG DIRECTOR 1.00 X 0 0 0 MEG BROWERS DIRECTOR 1.00 X 0 0 0 ANTHONY FOX DIRECTOR 1.00 X 0 0 0 4800 0 0 0 0 0 0 0 1210 1210 RENTAL INCOME 531390 304274 304274 304274 19746 19746 170167 185750 -15583 -15583 -15583 309647 304274 0 4163 18405 18405 4800 4800 10666 3800 6866 8675 8675 3042 3042 6778 4800 1978 2077 1677 400 36195 36195 58328 58328 84291 84291 13574 5356 8218 PROGRAM EXPENSES 1661 1661 248492 214513 33979 0 56661 17252 351642 176011 3826 120000 3200485 1462233 1780412 1738252 333104 558035 23867 22512 2549512 2632062 2777 4650 2400 23867 22512 1696672 1668941 1725189 1696630 X 694720 820168 129603 115264 824323 935432 2549512 2632062 61155 49954 0 X 1 X 0 0 0 X 66718 1200 4100 3500 1210 76728 66718 1200 4100 3500 1210 76728 49092 27636 2443 5345 1801 10723 19746 40058 116786 1528524 0.23660 0.34680 X 0 1 X 3137111 1398859 1738252 63374 63374 0 1738252 PART IV, LINE 2B: THE ESCROW ACCOUNT LIABILITY ON PART X LINE 21 CONSISTS OF TENANT SECURITY DEPOSITS WHICH ARE HELD IN A SEPARATE BANK ACCOUNT. THE DEPOSITS ARE REFUNDED TO THE TENANT PARTIALLY OR IN FULL UPON TERMINATION OF THE LEASE ON A CONDITIONAL BASIS BASED ON THE RESTORATION NEEDED TO THE UNIT. 1 OUR HOUSE NANTUCKET 5 WHEROWHERO LANE NANTUCKET MA 02554 873745127 501C3 6500 0 CLASSROOM AND EXTRACURRICULAR PROJECTS 1 PART I, LINE 2: NET HAS SUPPORTED CLASSROOM AND EXTRACURRICULAR PROJECTS, UNDERWRITTEN MINI-GRANTS TO TEACHERS AND STAFF FOR PROFESSIONAL DEVELOPMENT, BOOSTED NEW SPORTS PROGRAMS, AND HELPED FUND PRESCHOOL EDUCATION. ORGANIZATIONS AND INDIVIDUALS COMPLETE THE GRANT APPLICATION AND ARE CHOSEN BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL STATEMENTS ARE RECEIVED FROM EACH MEMBER OF THE BOARD. THE BOARD SHALL REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THIS POLICY BY REVIEWING ANNUAL STATEMENTS AND TAKING SUCH OTHER ACTIONS AS NECESSARY FOR EFFECTIVE OVERSIGHT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON REQUEST. FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND TAX RETURNS ARE AVAILABLE TO THE PUBLIC ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE.