NANTUCKET COMMUNITY SAILING INC

EIN: 043252612 501(c)(3) Recreation & Sports

NANTUCKET, MA

Total Revenue
$1,455,641
Total Expenses
$1,474,855
Total Assets
$5,124,951
Net Assets
$4,655,517
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
MA
Principal Officer
DIANA L BROWN
Phone
5082286600
Tax Period
2022-11-01 to 2023-10-31

NANTUCKET COMMUNITY SAILING INC, founded in 1994, is a community nonprofit in the Recreation & Sports sector that reported $1.5M in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. Net assets of $4.7M represent 38 months of operating reserves.

Mission

TO ENGAGE PEOPLE OF ALL AGES IN THE JOY OF SAILING, OFFERING ACCESS TO ALL NANTUCKET'S YOUTH, AND TEACHING EVERY PARTICIPANT IN OUR PROGRAMS ENDURING LIFE AND LEADERSHIP SKILLS, WITH A DEEP RESPECT FOR THE MARINE ENVIRONMENT.

Program Service Accomplishments

Program 1
Expenses: $1,101,336 Revenue: $578,965

NANTUCKET COMMUNITY SAILING (NCS) OFFERS A FULL RANGE OF YOUTH AND ADULT GROUP SAILING LESSONS, PRIVATE SAILING LESSONS, AND PROVIDES HOURLY RENTALS OF SAILBOATS, KAYAKS AND PADDLEBOARDS TO MEMBERS...

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NANTUCKET COMMUNITY SAILING (NCS) OFFERS A FULL RANGE OF YOUTH AND ADULT GROUP SAILING LESSONS, PRIVATE SAILING LESSONS, AND PROVIDES HOURLY RENTALS OF SAILBOATS, KAYAKS AND PADDLEBOARDS TO MEMBERS AND THE GENERAL PUBLIC. THE SAILING PROGRAMS ARE OFFERED FROM TWO LOCATIONS ON NANTUCKET, JETTIES BEACH AND POLPIS HARBOR. THE ORGANIZATION PROVIDES $150,000 IN YOUTH SAILING SCHOLARSHIPS AND FREE COMMUNITY OUTREACH TO UNDERSERVED CHILDREN AND ADULTS WHO WOULD OTHERWISE NOT BE ABLE TO GET OUT ON THE WATER. IN ADDITION, THE ORGANIZATION RUNS REGATTAS DURING THE SUMMER TO INCLUDE MORE PEOPLE IN THE SPORT OF SAILING AND AS FUNDRAISING EVENTS TO SUPPORT THE SAILING PROGRAMS. THE ORGANIZATION OPERATES THE PROGRAMS AND EVENTS WITH A FOCUS ON SUSTAINABILITY, AND COLLABORATES WITH OTHER NON-PROFIT ORGANIZATIONS TO MAINTAIN NANTUCKET'S WATER QUALITY.IN 2023 THE ORGANIZATION HAD 601 ENROLLMENTS IN YOUTH SAILING CLASSES OVER EIGHT WEEKS, REPRESENTING 433 UNIQUE STUDENTS. 35% OF THE STUDENTS ARE YEAR-ROUND NANTUCKET CHILDREN, AND THE ORGANIZATION PROVIDED $85,773 IN SCHOLARSHIPS TO 111 ISLAND CHILDREN. THE ORGANIZATION'S COMMUNITY OUTREACH PROGRAMS SERVED 550 CHILDREN AND ADULTS WITH FREE SAILING LESSONS, THERAPEUTIC SAILS, AND WATER SPORTS. NCS ALSO OFFERED PRIVATE SAILING LESSONS AND RENTALS OF SAILBOATS, KAYAKS AND PADDLEBOARDS TO WELL OVER 500 PEOPLE, FROM TODDLERS TO SENIOR CITIZENS.THE ORGANIZATION'S PRIMARY PROGRAM IS YOUTH GROUP SAILING LESSONS, FOR CHILDREN AGES 4 -18, OFFERED IN A RANGE OF SMALL SAILBOATS DEPENDING ON THE STUDENT'S LEVEL. THE SAILING INSTRUCTORS ARE ALL CERTIFIED AND HIGHLY QUALIFIED. THE CURRICULUM ENABLES EACH CHILD TO PROGRESS THROUGH THE SAILING CLASSES AND INCREASE THEIR SKILLS. SAILING INSTRUCTORS PERFORM COMPREHENSIVE STUDENT EVALUATIONS AT THE END OF THE SEASON AND ADVISE THE PARENTS ON A RECOMMENDED SKILL DEVELOPMENT PROGRAM FOR THE FOLLOWING YEAR. THE SECOND PROGRAM NANTUCKET COMMUNITY SAILING OFFERS IS COMMUNITY OUTREACH, WITH FREE OR HIGHLY SUBSIDIZED SAILING LESSONS AND WATER SPORTS TO UNDERSERVED CHILDREN AND ADULTS. THE OUTREACH CONSTITUENTS INCLUDE TODDLERS AND THEIR PARENT/CAREGIVER, CHILDREN FROM THE NANTUCKET BOYS & GIRLS CLUB, CHILDREN AND ADULTS WITH PHYSICAL AND/OR DEVELOPMENTAL DISABILITIES, THE ELDERLY, ADULTS WITH DEHABILITATING ILLNESS AND THEIR CAREGIVERS, AND THE NANTUCKET HIGH SCHOOL SAILING TEAM. THE THIRD PROGRAM AREA IS PROVIDING PRIVATE SAILING LESSONS AND RENTALS OF SAILBOATS AND WATER SPORTS EQUIPMENT, SUCH AS KAYAKS AND PADDLEBOARDS, TO MEMBERS AND THE GENERAL PUBLIC FROM THE JETTIES SAILING CENTER OVER EIGHT WEEKS. IN 2023 NCS OFFERED 394 PRIVATE LESSONS AND RENTED SAILBOATS AND WATER SPORTS EQUIPMENT TO OVER 400 PEOPLE. PEOPLE WHO PURCHASE JETTIES SAILING CENTER MEMBERSHIPS RECEIVE A DISCOUNT ON PRIVATE LESSONS AND FREE SAILBOAT AND WATER SPORTS EQUIPMENT RENTALS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,052,434
Program Service Revenue $578,945
Investment Income $39,801
Other Revenue $-215,539
TOTAL REVENUE $1,455,641

Expense Breakdown

Grants Paid $85,773
Salaries & Benefits $798,566
Fundraising Expenses $156,492
Program Expenses $1,101,336
Other Expenses $590,516
TOTAL EXPENSES $1,474,855

Year-over-Year Comparison

2022 2021 Change
Revenue $1,455,641 $1,702,390 -0.1%
Expenses $1,474,855 $1,371,578 +0.1%
Net Income $-19,214 $330,812 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
20
Independent Members
20
Employees
37
Volunteers
350

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$156,302
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARRY REIN CHAIR 1.00
Officer Director
$0 $0 $0
LINDA MCGRATH 1ST VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
WEST RIGGS 2ND VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
SCOTT ULM TREASURER 1.00
Officer Director
$0 $0 $0
PENELOPE DEY TREASURER, THRU 10/26/23 1.00
Officer Director
$0 $0 $0
WENDY SYKES CLERK 1.00
Officer Director
$0 $0 $0
CAROLYN GRANT ZARRELLA CLERK, THRU 10/26/23 1.00
Officer Director
$0 $0 $0
SANDY ADZICK DIRECTOR 1.00
Director
$0 $0 $0
TOM ANATHAN DIRECTOR 1.00
Director
$0 $0 $0
PETER BARRETT DIRECTOR 1.00
Director
$0 $0 $0
BARBARA DESAI DIRECTOR, THRU 10/26/23 1.00
Director
$0 $0 $0
ROB DIEMAR DIRECTOR 1.00
Director
$0 $0 $0
PAGE GOSNELL DIRECTOR, THRU 10/26/23 1.00
Director
$0 $0 $0
CHRIS GOULD DIRECTOR, THRU 10/26/23 1.00
Director
$0 $0 $0
DAN GROPPER DIRECTOR, THRU 10/26/23 1.00
Director
$0 $0 $0
BILL LIDDLE DIRECTOR 1.00
Director
$0 $0 $0
TRACEY MARSHALL DIRECTOR 1.00
Director
$0 $0 $0
SUE MCCOLLUM DIRECTOR 1.00
Director
$0 $0 $0
MINOU PALANDJIAN DIRECTOR 1.00
Director
$0 $0 $0
ARTHUR READE DIRECTOR 1.00
Director
$0 $0 $0
ANTHONY SCHWEIZER DIRECTOR 1.00
Director
$0 $0 $0
CATHERINE SLATTERY DIRECTOR 1.00
Director
$0 $0 $0
PHIL SMITH DIRECTOR 1.00
Director
$0 $0 $0
JULIE STEINDLER DIRECTOR 1.00
Director
$0 $0 $0
WINK VAN OGTROP DIRECTOR, THRU 10/26/23 1.00
Director
$0 $0 $0
TOM WHIDDEN DIRECTOR 1.00
Director
$0 $0 $0
NICK VITA DIRECTOR 1.00
Director
$0 $0 $0
DIANA L BROWN PRESIDENT & CEO 40.00
Officer
$131,250 $25,052 $156,302
PASCAL E ANTONIETTI BOATS & EQUIPMENT MANAGER 40.00
Highest
$105,100 $2,142 $107,242
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $1,455,641 $1,474,855 $5,124,951 $-19,214
2022 $1,702,390 $1,371,578 $5,215,303 $330,812
2021 $1,669,482 $1,127,635 $5,269,190 $541,847
2020 $779,029 $905,967 $4,938,871 $-126,938
2019 $1,765,941 $1,300,158 $4,948,891 $465,783
2018 $2,216,663 $1,474,967 $4,620,699 $741,696
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