GREAT HARBOR YACHT CLUB FOUNDATION INC

EIN: 301128021 501(c)(3) Environment

NANTUCKET, MA

Total Revenue
$751,989
Total Expenses
$557,660
Total Assets
$3,851,940
Net Assets
$3,840,442
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
MA
Principal Officer
EDWARD ORENSTEIN
Phone
5086805033
Tax Period
2025-01-01 to 2025-12-31

GREAT HARBOR YACHT CLUB FOUNDATION INC, founded in 2018, is a small nonprofit in the Environment sector that reported $752K in total revenue in fiscal year 2025. Revenue surged 126% from the prior year, signaling strong growth momentum. The organization ran a surplus of $194K, a strong 26% operating margin.

Mission

THE PURPOSE OF THE CORPORATION IS TO ACT AS A NOT-FOR-PROFIT ORGANIZATION WITH A PRIMARY MISSION OF PROMOTING THE HEALTH OF NANTUCKET ISLANDS HARBOR AND ITS MARINE ECOSYSTEM. THE CORPORATION WILL WORK WITH THE NANTUCKET DEPARTMENT OF NATURAL RESOURCES AND OTHER GOVERNMENTAL AND NONGOVERNMENTAL ORGANIZATIONS, GROUPS AND INDIVIDUALS IN FURTHERANCE OF ITS PRIMARY MISSION AND OTHER ACTIVITIES. THE CORPORATION MAY SOLICIT DONATIONS, MAKE GRANTS AND OTHERWISE ENGAGE IN ANY AND ALL ACTIVITIES PERMITTED TO A NOT-FOR-PROFIT CORPORATION WHETHER IN FURTHERANCE OF ITS MISSION OR OTHER CHARITABLE ENDEAVORS, OTHER ACTIONS AS MAY BE NECESSARY OR EXPEDIENT FOR THE ADMINISTRATION OF THE AFFAIRS AND ATTAINMENT OF THE PURPOSES OF THE CORPORATION, AND FOR ALL OTHER ACTIVITIES LEGAL AND CONSISTENT WITH THE OPERATION OF A NON-PROFIT CORPORATION IN THE COMMONWEALTH OF MASSACHUSETTS.

Program Service Accomplishments

Program 1
Expenses: $354,581 Revenue: $5,400

THE GREAT HARBOR YACHT CLUB FOUNDATION WAS FORMED IN 2018 AND IS DEDICATED TO THE PROMOTION AND PRESERVATION OF NANTUCKET HARBOR AND ITS MARINE ECOSYSTEM. THE FOUNDATION WILL WORK WITH THE TOWN OF...

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THE GREAT HARBOR YACHT CLUB FOUNDATION WAS FORMED IN 2018 AND IS DEDICATED TO THE PROMOTION AND PRESERVATION OF NANTUCKET HARBOR AND ITS MARINE ECOSYSTEM. THE FOUNDATION WILL WORK WITH THE TOWN OF NANTUCKET'S DEPARTMENT OF NATURAL RESOURCES AND OTHERS TO FUND PROJECTS WHICH MIGHT OTHERWISE GO UNFUNDED IN FURTHERANCE OF THE FOUNDATION'S MISSION AND THE TOWN OF NANTUCKET'S STRATEGIC HARBOR PLAN.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $609,163
Program Service Revenue $0
Investment Income $166,738
Other Revenue $-23,912
TOTAL REVENUE $751,989

Expense Breakdown

Grants Paid $297,731
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $354,581
Other Expenses $259,929
TOTAL EXPENSES $557,660

Year-over-Year Comparison

2025 2024 Change
Revenue $751,989 $333,006 +1.3%
Expenses $557,660 $319,293 +0.7%
Net Income $194,329 $13,713 +13.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
15

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
3
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ED ORENSTEIN PRESIDENT 1.00
Officer Director
$0 $0 $0
KAREN KETTERER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CHRIS BREWSTER TREASURER 1.00
Officer Director
$0 $0 $0
PAUL COLLINS CLERK 1.00
Director
$0 $0 $0
EDWARD BERNARD BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH GERSTNER BOARD MEMBER 1.00
Director
$0 $0 $0
FLIP HUFFARD BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF KRUPA BOARD MEMBER 1.00
Director
$0 $0 $0
MELINDA PULJIC BOARD MEMBER 1.00
Director
$0 $0 $0
JOE SMIALOWSKI BOARD MEMBER 1.00
Director
$0 $0 $0
ALICIA SEIGER BOARD MEMBER 1.00
Director
$0 $0 $0
BROOKE STANTON BOARD MEMBER 1.00
Director
$0 $0 $0
LISA VAN DEN BORN BOARD MEMBER 1.00
Director
$0 $0 $0
ELLIOT GEWIRTZ CHAIRMAN EMERITUS 1.00
Director
$0 $0 $0
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
2025 $751,989 $557,660 $3,851,940 $194,329
2024 $333,006 $319,293 $3,443,064 $13,713
2023 $735,179 $207,795 $3,150,084 $527,384
2022 $639,174 $252,379 $2,521,359 $386,795
2021 $445,083 $22,961 $2,192,563 $422,122
2020 $122,249 $57,385 $1,788,896 $64,864
2019 $1,664,327 $14,820 $1,712,747 $1,649,507
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