BETA

NANTUCKET PROJECT ACADEMY INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
NANTUCKET PROJECT ACADEMY INC (EIN 82-1949598)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-15
IRS object ID
202143199349320989
Schema version
2020v4.1
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)
Return2021-11-15T15:23:12-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN431985162PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SMITH SULLIVAN & BROWN PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line180 FLANDERS ROAD - SUITE 200AddressLine1Txt
CityWESTBOROUGHCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01581ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN821949598EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE NANTUCKET PROJECT ACADEMY INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNANTBusinessNameControlTxt
Phone3129896096PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14 NORTH WATER STREETAddressLine1Txt
CityNANTUCKETCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02554ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKATE BROSNANPersonNm
Person TitleCLERKPersonTitleTxt
Phone3129896096PhoneNum
Signature2021-11-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKATEPersonFirstNm
Person LastBROSNANPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSANDRA M BROWN CPAPreparerPersonNm
PTINP01614103PTIN
Phone5088717178PhoneNum
Preparation2021-11-15PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKATE BROSNANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14 NORTH WATER STREETAddressLine1Txt
CityNANTUCKETCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02554ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$920,642GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.TNP-ACADEMY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2017FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTO ACCELERATE THE DISTRIBUTION AND IMPACT OF IDEAS THAT ADDRESS CHALLENGING PROBLEMS OF OUR TIME WITH A FOCUS ON HUMANITY, ALWAYS.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent1VotingMembersIndependentCnt
Total Employee3TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,478,426PYContributionsGrantsAmt
CY Contributions Grants$895,642CYContributionsGrantsAmt
PY Program Service Revenue$25,000PYProgramServiceRevenueAmt
CY Program Service Revenue$25,000CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,503,426PYTotalRevenueAmt
CY Total Revenue$920,642CYTotalRevenueAmt
PY Grants And Similar Paid$240,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$269,061PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$215,962CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,166,737PYOtherExpensesAmt
CY Other Expenses$645,490CYOtherExpensesAmt
PY Total Expenses$1,675,798PYTotalExpensesAmt
CY Total Expenses$861,452CYTotalExpensesAmt
PY Revenues Less Expenses-$172,372PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$59,190CYRevenuesLessExpensesAmt
Total Assets BOY$725,693TotalAssetsBOYAmt
Total Assets EOY$1,713,945TotalAssetsEOYAmt
Total Liabilities BOY$665,126TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,603,442TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$60,567NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$110,503NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionOUR VISION IS A WORLD IN WHICH CURIOSITY, FRESH THINKING AND THE DIVERSITY OF HUMAN EXPERIENCE ARE EXPLORED AND CELEBRATED, WHERE PEOPLE LIVE WITH EMPATHY AND GENEROSITY TOWARDS THEMSELVES AND OTHERS, AND WHERE COMMUNITIES WORK COLLABORATIVELY TOWARDS HEALTH, PEACE AND PROSPERITY FOR ALL.OUR MISSION IS TO ACCELERATE THE DISTRIBUTION AND IMPACT OF IDEAS THAT ADDRESS CHALLENGING PROBLEMS OF OUR TIME WITH A FOCUS ON HUMANITY, ALWAYS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$660,027ExpenseAmt
Grant$0GrantAmt
Revenue$25,000RevenueAmt
DescAT TNP ACADEMY, WE CELEBRATE NEIGHBORHOODS EVERYWHERE BY SUPPORTING LOCAL TALENT, TELLING THEIR STORIES, AND SHARING THE MEANING AND WONDER OF HUMAN CONNECTION.IN RESPONSE TO THE SOCIAL ISOLATION CRISIS GRIPPING THE UNITED STATES, WE BRING THE FOCUS BACK TO EVERYDAY AMERICANS WHO, THROUGH THEIR COMMUNITY WORK, ARE REBUILDING THE NATION FROM THE GROUND UP.WE ARE DEDICATED NEIGHBORHOOD RESEARCHERS, FIRST IDENTIFYING THE INHERENT VALUES PRESENT IN THRIVING COMMUNITIES AND THEN CREATING HUBS WHERE THOSE VALUES CAN BE PRACTICED, DISCUSSED AND AMPLIFIED FOR THE BENEFIT OF ALL OF US.OUR PROGRAMSTHE KEEPERS OF THE COMMONS - INVITES AND SPONSORS NEIGHBORHOODS FROM ACROSS AMERICA TO ATTEND THE NANTUCKET PROJECT AS FELLOWS AND PARTICIPATE IN ADDITIONAL TNP ACADEMY EVENTS THROUGHOUT THE 12 MONTHS THAT FOLLOW.TNP ISLANDER PASS - ALLOWS YEAR ROUND NANTUCKET RESIDENTS TO ATTEND SELECT SESSIONS OF THE TNP FLAGSHIP EVENT EACH SEPTEMBER FREE OF CHARGE WITH SUPPORT FROM ACADEMY CHAMPIONS. ALL RESIDENTS ARE ENCOURAGED TO APPLY FOR THE ISLANDER PASS.TNP WINTER - IS AN ANNUAL EVENT THAT TAKES PLACE DURING NANTUCKET'S WINTER SEASON. THE EVENT, MADE POSSIBLE THANKS TO GENEROUS SUPPORTERS OF TNP ACADEMY, INVITES WORLD CLASS SPEAKERS TO THE ISLAND TO CONNECT AND WORKSHOP WITH ISLANDERS ABOUT LOCAL ISSUES AFFECTING THE COMMUNITY.TNP JUNIORS - INVITES AND SPONSORS SELECT NANTUCKET HIGH SCHOOL STUDENTS AND THEIR TEACHERS TO ATTEND THE FLAGSHIP TNP EVENT AS FELLOWS. TNP JUNIORS ARE HEAVILY ENCOURAGED TO SHARE THEIR TNP EXPERIENCES WITH THEIR COMMUNITY THROUGH ESSAYS, ARTICLES AND PRESENTATIONS AFTER THE FACT.LOVE FELLOWS - WITH SUPPORT FROM THE JOHN TEMPLETON FOUNDATION, INVITES 40 HAND PICKED VISIONARIES FROM ACROSS INDUSTRIES TO THE TNP FLAGSHIP EVENT, WHERE THEY ARE ABLE TO DISCUSS THEIR WORK, PERSPECTIVES AND IDEAS WITH EACH OTHER IN A WORKSHOP SETTING, AND INFORMALLY WITH ALL ATTENDEES DURING THE 4 DAY EVENT.THE ROADSHOWS - WITH SUPPORT FROM THE JOHN TEMPLETON FOUNDATION, THE ACADEMY WILL CO-HOST 6-8 EVENTS PER YEAR IN VARIOUS LOCATIONS ACROSS THE UNITED STATES. THESE ROADSHOWS WILL STIMULATE A BROAD CONVERSATION ON THE IMPORTANCE OF VIRTUE AMONGST ITS IMMEDIATE AUDIENCE AND TRIGGER TESTIMONIALS FROM EXPERTS AND INFLUENCERS AS WELL AS ARTICLES IN HIGH-IMPACT PUBLICATIONS. WE HAVE FOUND THAT OUR ROADSHOW EVENTS ARE CATALYSTS FOR THE CONTENT BEING SHARED (BY SPEAKER OR ON FILM) AT FUTURE EVENTS, SUCH AS CONFERENCES, FILM FESTIVALS AND FUNDRAISERS. TNP ACADEMY FILMS - WITH SUPPORT FROM THE JOHN TEMPLETON FOUNDATION, THE ACADEMY PRODUCES THREE FILMS A YEAR INSPIRED BY THE DIALOGUES AND THEMES OF OUR EVENTS AND PROGRAM PARTICIPANTS.Desc
Total Program Service Expenses$660,027TotalProgramServiceExpensesAmt
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 Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan OutstandingYes (1)LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntYes (1)BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee3EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
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
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
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 Members4GoverningBodyVotingMembersCnt
Independent Voting Member1IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing Body0MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
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 CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCTStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCOStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldDCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldHIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMSStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNVStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldOKStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldRIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3129896096PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14 NORTH WATER STREETAddressLine1Txt
CityNANTUCKETCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02554ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
TOM SCOTT
PRESIDENT2.00Yes (X)Yes (X)$0$0$0
MARGARETTA ANDREWS
TREASURER2.00Yes (X)Yes (X)$0$0$0
KATE BROSNAN
CLERK/PROFESSIONAL SERVICES2.00Yes (X)Yes (X)$9,000$0$0
LINDSAY MORRIS
EXECUTIVE DIRECTOR40.00Yes (X)Yes (X)$78,428$0$0
MICHELLE BONIFACE ST JOHN
SENIOR PRODUCER40.00$101,564$0$31,385Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$188,992TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$31,385TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Related Organizations$25,010RelatedOrganizationsAmt
All Other Contributions$870,632AllOtherContributionsAmt
Total Contributions$895,642TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescLICENSE FEE REVENUEDesc
Business900099BusinessCd
Total Revenue Column$25,000TotalRevenueColumnAmt
Related Or Exempt Func Income$25,000RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$25,000TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$920,642TotalRevenueColumnAmt
Related Or Exempt Func Income$25,000RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$87,428TotalAmt
Program Services$9,000ProgramServicesAmt
Management And General$78,428ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$112,735TotalAmt
Program Services$103,735ProgramServicesAmt
Management And General$9,000ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$15,799TotalAmt
Program Services$8,531ProgramServicesAmt
Management And General$7,268ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$34,252TotalAmt
Management And General$34,252ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$33,884TotalAmt
Management And General$33,884ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$527,304TotalAmt
Program Services$511,622ProgramServicesAmt
Management And General$15,682ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$22,512TotalAmt
Management And General$22,512ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$11,014TotalAmt
Program Services$11,014ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$5,487TotalAmt
Program Services$5,088ProgramServicesAmt
Management And General$399ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescPROGRAM SUPPLIESDesc
Total$11,037TotalAmt
Program Services$11,037ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$861,452TotalAmt
Program Services$660,027ProgramServicesAmt
Management And General$201,425ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$182,395BOYAmt
EOY$1,713,945EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$542,982BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$316BOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$725,693BOYAmt
EOY$1,713,945EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$4,783BOYAmt
EOY$6,227EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$660,343BOYAmt
EOY$102,641EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$1,494,574EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$665,126BOYAmt
EOY$1,603,442EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$13,206BOYAmt
EOY$110,503EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$47,361BOYAmt
EOY$0EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$60,567BOYAmt
EOY$110,503EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$725,693BOYAmt
EOY$1,713,945EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$59,190ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$9,254OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
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 Minus2 Years$1,068,284CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,478,426CurrentTaxYearMinus1YearAmt
Current Tax Year$895,642CurrentTaxYearAmt
Total$3,442,352TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$1,068,284CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,478,426CurrentTaxYearMinus1YearAmt
Current Tax Year$895,642CurrentTaxYearAmt
Total$3,442,352TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$2,467,803SubstantialContributorsTotAmt
Public Support Total170$974,549PublicSupportTotal170Amt
Total Support$3,442,352TotalSupportAmt
Gross Receipts Rltd Activities$50,000GrossReceiptsRltdActivitiesAmt
First5 Years170Yes (X)First5Years170Ind

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)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescCONDITIONAL GRANT ADVANCEDesc
Amt$1,494,574Amt
FieldValueIRS element (for citing)
Total Liability$1,494,574TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$920,642TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$920,642RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$920,642TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$861,452TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$861,452ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$861,452TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION CURRENTLY EVALUATES ALL TAX POSITIONS, AND MAKES A DETERMINATION REGARDING THE LIKELIHOOD OF THOSE POSITIONS BEING UPHELD UNDER REVIEW. THE PRIMARY TAX POSITIONS MADE BY THE ORGANIZATION ARE THE EXISTENCE, OR NONEXISTENCE, OF UNRELATED BUSINESS INCOME AND THE ORGANIZATION'S STATUS AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FOR THE YEARS PRESENTED, THE ORGANIZATION HAS NOT RECOGNIZED ANY TAX BENEFITS OR LOSS CONTINGENCIES FOR UNCERTAIN TAX POSITIONS BASED ON THIS EVALUATION.ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE NANTUCKET PROJECT LLCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship With OrgAFFILIATED ORGANIZATIONRelationshipWithOrgTxt
Loan PurposeFOR PROGRAM EXPENSESLoanPurposeTxt
Loan To OrganizationYes (X)LoanToOrganizationInd
Original Principal$102,641OriginalPrincipalAmt
Balance Due$102,641BalanceDueAmt
Default0DefaultInd
Board Or Committee ApprovalYes (1)BoardOrCommitteeApprovalInd
Written Agreement0WrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$102,641TotalBalanceDueAmt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
THE NANTUCKET PROJECT LLC
AFFILIATED ORGANIZATION WITH COMMON BOARD MEMBERS AND OWNERS$25,000EARNED REVENUE FOR LICENSING FEES0
THE NANTUCKET PROJECT LLC
AFFILIATED ORGANIZATION WITH COMMON BOARD MEMBERS AND OWNERS$670,178FOR INCURRED EXPENSES0
THE NANTUCKET PROJECT LLC
AFFILIATED ORGANIZATION WITH COMMON BOARD MEMBERS AND OWNERS$102,641FOR REIMBURSMENT EXPENSES0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2IN 2020, THE PRESIDENT AND CLERK OF THE BOARD OF DIRECTORS OF TNP ACADEMY WERE ALSO CO-FOUNDERS, BOARD MEMBERS, EMPLOYEES AND EQUITY HOLDERS OF THE NANTUCKET PROJECT, LLC. DURING THE YEAR PRESENTED, THE FOLLOWING RELATED PARTY TRANSACTIONS OCCURRED BETWEEN THESE ORGANIZATIONS: ROYALTY REVENUE DURING 2019, THE ACADEMY ENTERED INTO A TWO-YEAR LICENSING AGREEMENT WITH TNP WHICH PROVIDES TNP WITH AN ANNUAL NON-EXCLUSIVE LICENSE TO DISTRIBUTE AND SCREEN FILMS CREATED ON BEHALF OF THE ACADEMY. AMOUNTS EARNED UNDER THIS AGREEMENT TOTALED $25,000 FOR THE YEAR PRESENTED. DUE TO RELATED PARTY FOR THE YEAR ENDED DECEMBER 31, 2020, TNP INCURRED EXPENSES FOR STAFFING AND CONSULTANTS, PROGRAM EVENTS AND INCIDENTAL TRAVEL RELATED EXPENSES ATTRIBUTABLE TO SEVERAL PROGRAMS AND EVENTS TOTALING $670,178 WHICH WERE SUBSEQUENTLY REIMBURSED BY TNP ACADEMY. AS OF DECEMBER 31, 2020, THIS AMOUNT, OFFSET BY AMOUNTS DUE TO TNP FROM THE ACADEMY WAS $102,641 AND IS REPORTED AS DUE TO RELATED PARTY IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. EXPENSE REIMBURSEMENTS, PRODUCTION FEES AND SCHOLARSHIPS FOR EVENT ATTENDANCE PAID TO TNP FOR ACADEMY PROGRAM PARTICIPANTS.
FORM 990, PART VI, SECTION A, LINE 8ATHE ORGANIZATION DID NOT MAINTAIN ANY BOARD MINUTES DURING THE YEAR ENDED DECEMBER 31, 2020.
FORM 990, PART VI, SECTION A, LINE 8BTHE ORGANIZATION DID NOT MAINTAIN ANY BOARD MINUTES DURING 2020.
FORM 990, PART VI, SECTION B, LINE 11BA COPY OF THE FORM 990 WILL BE PROVIDED TO BOARD MEMBERS PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE BOARD OF DIRECTORS REQUIRES AN ANNUAL DECLARATION FROM ALL BOARD MEMBERS AND SENIOR MANAGEMENT AS TO THE EXISTENCE AND DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD MEMBERS SIGN A DISCLOSURE STATEMENT. ANY POTENTIAL CONFLICTS ARE DISCUSSED BY THE DIS-INTERESTED BOARD MEMBERS, WHILE THE PARTY IN POTENTIAL CONFLICT IS REQUIRED TO LEAVE THE ROOM. BOARD MEETING MINUTES WILL DOCUMENT THE DISCUSSION AND DECISION MAKING PROCESS. IN THE EVENT OF A POTENTIAL CONFLICT, PROCEDURES TO OBTAIN COMPETITIVE BIDS AND DILIGENCE ON FAIR MARKET VALUE WILL BE ESTABLISHED.
FORM 990, PART VI, SECTION B, LINE 15ACOMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED AFTER REVIEW AND APPROVAL BY THE BOARD. COMPENSATION IS ASSESSED ANNUALLY.
FORM 990, PART VI, SECTION C, LINE 19DOCUMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 11GCONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 15,682. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,682. FILM PRODUCTION: PROGRAM SERVICE EXPENSES 511,622. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 511,622.
FORM 990, PART XI, LINE 9:ACCRUAL ADJUSTMENT -9,254.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1THE NANTUCKET PROJECT LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line14 NORTH WATER STREETAddressLine1Txt
CityNANTUCKETCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02554ZIPCd
FieldValueIRS element (for citing)
EIN001267195EIN
Legal Domicile StateMALegalDomicileStateCd
Entity TypeCEntityTypeTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmt
THE NANTUCKET PROJECT INC
P$670,178
THE NANTUCKET PROJECT INC
E$102,641

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