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NANTUCKET LIGHTSHIP BASKET MUSEUM INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
NANTUCKET LIGHTSHIP BASKET MUSEUM INC (EIN 04-3392961)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-08-09
IRS object ID
202222219349301147
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-08-09T13:06:19-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN043037870PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BOLLUS LYNCH LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line189 SHREWSBURY STREETAddressLine1Txt
CityWORCESTERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01604ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN043392961EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NANTUCKET LIGHTSHIP BASKET MUSEUM INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNANTBusinessNameControlTxt
Phone5082281894PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1016AddressLine1Txt
CityNANTUCKETCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02554ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSARAH ALGERPersonNm
Person TitleCLERKPersonTitleTxt
Phone5082281177PhoneNum
Signature2022-08-03SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSARAHPersonFirstNm
Person LastALGERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBARBARA E KINGPreparerPersonNm
PTINP00005629PTIN
Phone5087557107PhoneNum
Preparation2022-08-03PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSARAH ALGERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 2517AddressLine1Txt
CityNANTUCKETCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02584ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$179,653GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.NANTUCKETLIGHTSHIPBASKETMUSEUM.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1997FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionPROMOTE THE AWARENESS AND APPRECIATION OF LIGHTSHIP BASKETS AND THEIR MAKERS, BY EDUCATING AND ENGAGING THE PUBLIC ABOUT THE COMPLEXITY OF THIS ART FORM UNIQUE TO NANTUCKET. EXHIBITING HISTORIC AND CONTEMPORARY BASKETS.ActivityOrMissionDesc
Voting Members Governing Body31VotingMembersGoverningBodyCnt
Voting Members Independent31VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers95TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$151,547PYContributionsGrantsAmt
CY Contributions Grants$116,850CYContributionsGrantsAmt
PY Program Service Revenue$170PYProgramServiceRevenueAmt
CY Program Service Revenue$62CYProgramServiceRevenueAmt
PY Investment Income$5,394PYInvestmentIncomeAmt
CY Investment Income$27CYInvestmentIncomeAmt
PY Other Revenue-$7,082PYOtherRevenueAmt
CY Other Revenue-$4,196CYOtherRevenueAmt
PY Total Revenue$150,029PYTotalRevenueAmt
CY Total Revenue$112,743CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$110,214PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$30,737CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$15,369CYTotalFundraisingExpenseAmt
PY Other Expenses$128,520PYOtherExpensesAmt
CY Other Expenses$132,595CYOtherExpensesAmt
PY Total Expenses$238,734PYTotalExpensesAmt
CY Total Expenses$163,332CYTotalExpensesAmt
PY Revenues Less Expenses-$88,705PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$50,589CYRevenuesLessExpensesAmt
Total Assets BOY$1,035,727TotalAssetsBOYAmt
Total Assets EOY$1,001,680TotalAssetsEOYAmt
Total Liabilities BOY$596TotalLiabilitiesBOYAmt
Total Liabilities EOY$17,402TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,035,131NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$984,278NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionPROMOTE THE AWARENESS AND APPRECIATION OF LIGHTSHIP BASKETS AND THEIR MAKERS, BY EDUCATING AND ENGAGING THE PUBLIC ABOUT THE COMPLEXITY OF THIS ART FORM UNIQUE TO NANTUCKET. EXHIBITING HISTORIC AND CONTEMPORARY BASKETS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant ChangeYes (1)SignificantChangeInd
Expense$5,783ExpenseAmt
Revenue$2,416RevenueAmt
DescDISPLAY OF COLLECTION ITEMS IN COOPERATION WITH THE NANTUCKET HISTORICAL ASSOCATION DEVOTED TO NANTUCKET LIGHTSHIP BASKETS AND BASKET-MAKING.Desc
Total Program Service Expenses$5,783TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members31GoverningBodyVotingMembersCnt
Independent Voting Member31IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JOHANNA RICHARD PRESIDENTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5082281177PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line149 UNION STREET PO BOX 2517AddressLine1Txt
CityNANTUCKETCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02584ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt
CALVIN CARVER
PRESIDENT1.00Yes (X)Yes (X)$0$0$0
SUSAN BLOUNT
VICE PRESIDENT1.00Yes (X)Yes (X)$0$0$0
SARAH ALGER
CLERK1.00Yes (X)Yes (X)$0$0$0
RICHARD GREENSPON
TREASURER1.00Yes (X)Yes (X)$0$0$0
JOHANNA RICHARD
EXECUTIVE DIRECTOR0.50Yes (X)Yes (X)$0$235,785$31,42839.50
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$235,785TotReportableCompRltdOrgAmt
Total Other Compensation$31,428TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Membership Dues$2,799MembershipDuesAmt
Fundraising$73,680FundraisingAmt
All Other Contributions$40,371AllOtherContributionsAmt
Noncash Contributions$57,585NoncashContributionsAmt
Total Contributions$116,850TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescWORKSHOP/CLASSESDesc
Business611600BusinessCd
Total Revenue Column$62TotalRevenueColumnAmt
Related Or Exempt Func Income$62RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$62TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$27TotalRevenueColumnAmt
Exclusion$27ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$57,274FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$73,680ContriRptFundraisingEventAmt
Fundraising Direct Expenses$63,824FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$6,550TotalRevenueColumnAmt
Exclusion-$6,550ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$5,440GrossSalesOfInventoryAmt
Cost Of Goods Sold$3,086CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,354TotalRevenueColumnAmt
Related Or Exempt Func Income$2,354RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$112,743TotalRevenueColumnAmt
Related Or Exempt Func Income$2,416RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$6,523ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$26,068TotalAmt
Program Services$2,607ProgramServicesAmt
Management And General$10,427ManagementAndGeneralAmt
Fundraising$13,034FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$678TotalAmt
Program Services$68ProgramServicesAmt
Management And General$271ManagementAndGeneralAmt
Fundraising$339FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,322TotalAmt
Program Services$132ProgramServicesAmt
Management And General$529ManagementAndGeneralAmt
Fundraising$661FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$2,669TotalAmt
Program Services$267ProgramServicesAmt
Management And General$1,067ManagementAndGeneralAmt
Fundraising$1,335FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$12,271TotalAmt
Management And General$12,271ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$15,359TotalAmt
Management And General$15,359ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,411TotalAmt
Management And General$1,411ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$4,365TotalAmt
Management And General$4,365ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,579TotalAmt
Management And General$2,579ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,198TotalAmt
Management And General$1,198ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$24,025TotalAmt
Management And General$24,025ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$12,084TotalAmt
Management And General$12,084ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$20,804TotalAmt
Management And General$20,804ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmt
LOSS ON INVENTORY DISPO$27,859$27,859
OTHER EXPENSES$7,931$7,931
SUBCONTRACT SERVICES$1,770$1,770
SUPPLIES$939$939

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$163,332TotalAmt
Program Services$5,783ProgramServicesAmt
Management And General$142,180ManagementAndGeneralAmt
Fundraising$15,369FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$242,826BOYAmt
EOY$190,579EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$184,840BOYAmt
EOY$184,840EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$59,477EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$29,193BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$759,831LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$382,071LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$389,844BOYAmt
EOY$377,760EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$189,024BOYAmt
EOY$189,024EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,035,727BOYAmt
EOY$1,001,680EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$596BOYAmt
EOY$17,402EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$596BOYAmt
EOY$17,402EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$937,261BOYAmt
EOY$871,408EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$97,870BOYAmt
EOY$112,870EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,035,131BOYAmt
EOY$984,278EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,035,727BOYAmt
EOY$1,001,680EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$50,589ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$264NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$308,844CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$310,829CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$383,731CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$105,504CurrentTaxYearMinus1YearAmt
Current Tax Year$116,850CurrentTaxYearAmt
Total$1,225,758TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$308,844CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$310,829CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$383,731CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$105,504CurrentTaxYearMinus1YearAmt
Current Tax Year$116,850CurrentTaxYearAmt
Total$1,225,758TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$61,782SubstantialContributorsTotAmt
Public Support Total170$1,163,976PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,207CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,569CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,028CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,698CurrentTaxYearMinus1YearAmt
Current Tax Year$27CurrentTaxYearAmt
Total$14,529TotalAmt
FieldValueIRS element (for citing)
Total Support$1,240,287TotalSupportAmt
Gross Receipts Rltd Activities$174,979GrossReceiptsRltdActivitiesAmt
Public Support CY1700.93850PublicSupportCY170Pct
Public Support PY1700.95550PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Solicited Assets Sale0SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$47,910BeginningYearBalanceAmt
End Year Balance$47,910EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$47,910BeginningYearBalanceAmt
End Year Balance$47,910EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$47,910BeginningYearBalanceAmt
End Year Balance$47,910EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$51,554BeginningYearBalanceAmt
Investment Earnings Or Losses$390InvestmentEarningsOrLossesAmt
Administrative Expenses$4,034AdministrativeExpensesAmt
End Year Balance$47,910EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$38,318BeginningYearBalanceAmt
Contributions$12,910ContributionsAmt
Investment Earnings Or Losses$326InvestmentEarningsOrLossesAmt
End Year Balance$51,554EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY1.00000BoardDesignatedBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$163,700OtherCostOrOtherBasisAmt
Book Value$163,700BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$522,138OtherCostOrOtherBasisAmt
Depreciation$382,071DepreciationAmt
Book Value$140,067BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$70,493OtherCostOrOtherBasisAmt
Book Value$70,493BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,500OtherCostOrOtherBasisAmt
Book Value$3,500BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$377,760TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$112,479TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$264NetUnrealizedGainsInvstAmt
Revenue Not Reported-$264RevenueNotReportedAmt
Revenue Subtotal$112,743RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$112,743TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$163,332TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$163,332ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$163,332TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III, LINE 4:AS ALLOWED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA AND FOLLOWING THE PRACTICES OF MANY MUSEUMS, THE MUSEUM HAS NOT CAPITALIZED ITS COLLECTION OF NANTUCKET LIGHTSHIP BASKETS AND OTHER RELATED OBJECTS PURCHASED OR DONATED. THE COLLECTION IS HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. THE MUSEUM CONTINUALLY REVIEWS ITS COLLECTION AND MAY DEACCESS OR ACQUIRE ADDITIONAL ITEMS. EXPENDITURES FOR ADDITIONAL COLLECTION ITEMS ARE PRESENTED AS A REDUCTION IN THE APPROPRIATE CLASS OF NET ASSETS. PROCEEDS FROM DEACCESSIONS ARE REFLECTED AS INCREASES IN NET ASSETS WITHOUT DONOR RESTRICTION.
PART V, LINE 4:THE MUSEUM'S ENDOWMENT CONSISTS OF INDIVIDUAL DONOR RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED OR LEGAL RESTRICTIONS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE MUSEUM CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED AS PERMANENTLY RESTRICTED IS CLASSIFIED AS AVAILABLE FOR EXPENDITURE UNTIL THOSE AMOUNTS ARE APPROPRIATED BY THE MUSEUM IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY STATE LAW. IN ACCORDANCE WITH THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT, THE MUSEUM MAY CONSIDER THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: THE DURATION AND PRESERVATION OF THE FUND; THE PURPOSES OF THE MUSEUM AND THE DONOR-RESTRICTED ENDOWMENT FUND; GENERAL ECONOMIC CONDITIONS; THE POSSIBLE EFFECT OF INFLATION AND DEFLATION; THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS; OTHER RESOURCES OF THE MUSEUM; AND THE INVESTMENT POLICIES OF THE MUSEUM. THE MUSEUM CURRENTLY APPROPRIATES ACTUAL ENDOWMENT EARNINGS FOR USE IN OPERATIONS.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1BASKET BUBBLY BRUNCH/AUCTIONEvent1Nm
Gross Receipts Event1$128,376GrossReceiptsEvent1Amt
Charitable Contri Event1$71,102CharitableContriEvent1Amt
Gross Revenue Event1$57,274GrossRevenueEvent1Amt
Non Cash Prizes Event1$55,007NonCashPrizesEvent1Amt
Other Direct Expenses Event1$8,742OtherDirectExpensesEvent1Amt
Event2YARD SALEEvent2Nm
Gross Receipts Event2$2,578GrossReceiptsEvent2Amt
Charitable Contri Event2$2,578CharitableContriEvent2Amt
Other Direct Expenses Event2$75OtherDirectExpensesEvent2Amt
Gross Receipts Total$130,954GrossReceiptsTotalAmt
Charitable Contributions Tot$73,680CharitableContributionsTotAmt
Gross Revenue Total Events$57,274GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events$55,007NonCashPrizesTotalEventsAmt
Oth Direct Expnss Total Events$8,817OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$63,824DirectExpenseSummaryEventsAmt
Net Income Summary-$6,550NetIncomeSummaryAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonJOHANNA RICHARDPersonNm
TitleEXECUTIVE DIRECTORTitleTxt
Base Compensation Filing Org$0BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$182,207CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$53,578BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$31,428NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$0TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$267,213TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule M IRS990ScheduleM

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)AUCTION ITEMS49$55,007COMPARABLE SALES
Yes (X)YARD SALE ITEMS250$2,578COMPARABLE SALES
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 3DURING 2021 THE MUSEUM ENTERED INTO AN AFFILIATION AGREEMENT WITH THE NANTUCKET HISTORICAL ASSOCIATION (NHA). UNDER THE TERMS OF THIS AGREEMENT, THE NHA IS MANAGING THE MUSEUM AND AND DISPLAYING ITS COLLECTIONS AS AGREED UPON. THE MUSEUM CURTAILED ITS PROGRAM ACTIVITY INCLUDING CLASSES AND OPENING THE FACILITY.
FORM 990, PART VI, SECTION A, LINE 4MARCH 2021, THE ORGANIZATION SIGNED AN AFFILIATION AGREEMENT AND RESTATED BY-LAWS TO HAVE NANTUCKET HISTORICAL ASSOCIATION BE ITS SOLE MEMBER.
FORM 990, PART VI, SECTION A, LINE 6PURSUANT TO RESTATED BY-LAWS, THE ORGANIZATION NAMED NANTUCKET HISTORICAL ASSOCIATION AS ITS SOLE MEMBER.
FORM 990, PART VI, SECTION A, LINE 7APURSANT TO RESTATD BY-LAWS, NANTUCKET HISTORICAL ASSOCIATION AS SOLE MEMBER OF THE ORGANIZATION ELECTS ALL OFFICERS AND DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 11B990 PRESENTED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING
FORM 990, PART VI, SECTION B, LINE 12CBOARD MEMBERS ANNUALLY SIGN A CONFLICT OF INTEREST POLICY.
FORM 990, PART VI, SECTION C, LINE 18WRITTEN REQUEST TO THE ORGANIZATION FOR DOCUMENTS
FORM 990, PART VI, SECTION C, LINE 19NOT MADE SEPARATELY AVAILABLE TO PUBLIC
PART XII - LINE 2CTHE ORGANIZATION NO LONGER HAS A SEPARATE AUDIT. UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE ORGANIZATION IS CONSIDERED A SUBSIDIARY OF THE NHA AND ITS FINANCIAL INFORMATION IS INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS OF THE NHA. THE FINANCIAL STATEMENTS OF THE NHA ARE AUDITED AND THE AUDIT COMMITTEE OF THE NHA IS RESPONSIBLE FOR OVERSIGHT OF THAT PROCESS.
FORM 990, PART VII:AS OF MARCH 2021, THE ORGANIZATION SIGNED AN AFFILIATION AGREEMENT WITH NANTUCKET HISTORICAL ASSOCIATION("NHA"). ONE BOARD MEMBER OF THE ORGANIZATION WAS ELECTED TO THE NHA BOARD. AS SOLE MEMBER OF THE ORGANIZATION, MEMBERS OF THE NHA BOARD ELECTED OFFICERS AND DIRECTORS FOR THE ORGANIZATION.

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