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Nonprofit · EIN 04-2458501

ARTISTS ASSOCIATION OF NANTUCKET

Tax-exempt · NANTUCKET, MA 02554

Financials

$1.5M$1.7M2023$1.9M$1.7M2024
Revenue Expenses · by fiscal year end
Financials of ARTISTS ASSOCIATION OF NANTUCKET by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,869,803$1,680,301$189,502$5,761,642$86,644$5,674,998
December 31, 2023990$1,531,995$1,696,308-$164,313$5,512,692$124,773$5,387,919
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,413,325
Membership dues
$63,650
Program service revenue
$377,801
Investment income
$109,839
Net income from fundraising events
-$31,162
Other revenue
-$31,162

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$230,443
Other salaries and wages
$647,159
Salaries, compensation and benefits (total)
$1,046,383
Professional fundraising fees
$0
Legal fees
$6,065
Accounting fees
$14,850
Occupancy
$145,407
Depreciation
$138,485
Program services (functional)
$858,925
Management and general (functional)
$548,635
Fundraising (functional)
$272,741

Balance sheet and other

Total assets, start of year
$5,512,692
Total assets, end of year
$5,761,642
Total liabilities, end of year
$86,644
Net assets, end of year
$5,674,998
Land, buildings and equipment
$3,225,612
Publicly traded securities
$1,573,014
Net assets without donor restrictions
$3,667,031
Net assets with donor restrictions
$2,007,967
Gross receipts
$2,426,288
Employees
41
Volunteers
0
Year formed
1952
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
TRACEY SEARSEXECUIVE DIRECTOR
Officer
40$166,000
AISLING GLYNNDIRECTOR
Trustee or director
1$0
PETER STEINGRABERVICE PRESIDENT
Trustee or director, Officer
1$0
ROBIN WOLPOWVICE PRESIDENT
Trustee or director, Officer
1$0
KRISTIE FERRENTELLADIRECTOR
Trustee or director
1$0
MEGHAN WEEKSVICE PRESIDENT
Trustee or director, Officer
1$0
LESLIE BRESETTETREASURER
Trustee or director, Officer
1$0
BARBARA STERN BURKEDIRECTOR
Trustee or director
1$0
LAURIE CHAMPIONPRESIDENT
Trustee or director, Officer
1$0
ERIKA CHRISTENSEN SCULLYDIRECTOR
Trustee or director
1$0
BARBARA CLARKEDIRECTOR
Trustee or director
1$0
MARYANN JONESDIRECTOR
Trustee or director
1$0
JANET JOSEPHDIRECTOR
Trustee or director
1$0
BOB MIKLOSDIRECTOR
Trustee or director
1$0
JENNIFER PINCINCEDIRECTOR
Trustee or director
1$0
3 more people on this return
NameTitleHours / weekCompensation
BRIAN SAGERDIRECTOR
Trustee or director
1$0
TRACY ULMERCLERK
Trustee or director, Officer
1$0
JIM WATERBURYDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 19 people
NameTitleHours / weekCompensation
TRACEY SEARSEXECUIVE DIRECTOR
Officer
40$137,793
COURTNEY BRIDGESEXEC. DIRECTOR (FMR)
Officer
40$111,014
PATTY KENEALLYPRESIDENT
Trustee or director, Officer
1$0
PETER STEINGRABERVICE PRESIDENT
Trustee or director, Officer
1$0
ROBIN WOLPOWVICE PRESIDENT
Trustee or director, Officer
1$0
KRISTIE FERRENTELLATREASURER
Trustee or director, Officer
1$0
MEGHAN WEEKSCLERK
Trustee or director, Officer
1$0
LESLIE BRESETTEDIRECTOR
Trustee or director
1$0
BARBARA STERN BURKEDIRECTOR
Trustee or director
1$0
LAURIE CHAMPIONDIRECTOR
Trustee or director
1$0
ERIKA CHRISTENSENDIRECTOR
Trustee or director
1$0
BARBARA CLARKEDIRECTOR
Trustee or director
1$0
MARYANN JONESDIRECTOR
Trustee or director
1$0
JANET JOSEPHDIRECTOR
Trustee or director
1$0
BOB MIKLOSDIRECTOR
Trustee or director
1$0
JENNIFER PINCINCEDIRECTOR
Trustee or director
1$0
BRIAN SAGERDIRECTOR
Trustee or director
1$0
TRACY ULMERDIRECTOR
Trustee or director
1$0
JIM WATERBURYDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
24 AMELIA DR, NANTUCKET, MA 02554-6122
Principal officer (990 for 2024)
TRACEY SEARS, 24 AMELIA DRIVE, NANTUCKET, MA 02554
Signed the 990
TRACEY SEARS, EXEC. DIRECTOR
Phone
(508) 228-0722
Return prepared by
BOLLUS LYNCH LLP

Mission

TO FOSTER THE VISUAL ARTS ON NANTUCKET, TO PROMOTE, SUPPORT AND ENCOURAGE THE WORK OF NANTUCKET ARTISTS, PROVIDING EDUCATIONAL PROGRAMS IN THE ARTS, PRESERVING THE LEGACY OF NANTUCKET ARTISTS, AND TO CREATE A VIBRANT ARTS COMMUNITY.

990 for the year ended December 31, 2024

Program accomplishments

  • YEAR-ROUND ART CLASSES AND WORKSHOPS FOR ADULTS AND CHILDREN
    Expenses $503,705 · revenue $256,088
  • PERMANENT COLLECTION OF OVER 1,600 PIECES OF NANTUCKET ART .
    Expenses $116,074
  • GALLERY FEATURING OVER 230 NANTUCKET ARTISTS
    Expenses $239,146 · revenue $121,713

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
04-2458501
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Church
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1952
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$5,761,642
Income (IRS master file)
$2,426,288

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,869,803$1,680,301$5,761,642XML
990December 2023$1,531,995$1,696,308$5,512,692XML
990December 2022$1,757,909$1,723,960$5,530,039IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2458501).

Questions about ARTISTS ASSOCIATION OF NANTUCKET

What is the EIN of ARTISTS ASSOCIATION OF NANTUCKET?
The employer identification number (EIN) of ARTISTS ASSOCIATION OF NANTUCKET is 04-2458501.
Is ARTISTS ASSOCIATION OF NANTUCKET tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1952.
Are donations to ARTISTS ASSOCIATION OF NANTUCKET tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ARTISTS ASSOCIATION OF NANTUCKET file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ARTISTS ASSOCIATION OF NANTUCKET due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ARTISTS ASSOCIATION OF NANTUCKET last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ARTISTS ASSOCIATION OF NANTUCKET?
The 990 for the year ended December 31, 2024 names TRACEY SEARS.
Who are the officers and directors of ARTISTS ASSOCIATION OF NANTUCKET?
The 990 for the year ended December 31, 2024 lists 18 people; 1 received compensation from the organization, the highest $166,000 (TRACEY SEARS, EXECUIVE DIRECTOR).
How much revenue does ARTISTS ASSOCIATION OF NANTUCKET have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,869,803, expenses of $1,680,301 and total assets of $5,761,642 at year end.

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