2021-11-15T15:23:12-06:00 2020-12-31 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD - SUITE 200 WESTBOROUGH MA 01581 990 2020-01-01 821949598 THE NANTUCKET PROJECT ACADEMY INC NANT 3129896096 4 NORTH WATER STREET NANTUCKET MA 02554 KATE BROSNAN CLERK 3129896096 2021-11-15 1 KATE BROSNAN 999009999 SANDRA M BROWN CPA P01614103 5088717178 2021-11-15 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z KATE BROSNAN 4 NORTH WATER STREET NANTUCKET MA 02554 920642 0 X WWW.TNP-ACADEMY.ORG X 2017 MA TO ACCELERATE THE DISTRIBUTION AND IMPACT OF IDEAS THAT ADDRESS CHALLENGING PROBLEMS OF OUR TIME WITH A FOCUS ON HUMANITY, ALWAYS. 4 1 3 0 0 0 1478426 895642 25000 25000 0 0 0 0 1503426 920642 240000 0 0 0 269061 215962 0 0 0 1166737 645490 1675798 861452 -172372 59190 725693 1713945 665126 1603442 60567 110503 X OUR 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. 0 0 660027 0 25000 AT 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. 660027 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 0 0 0 1 2 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 0 0 MA CT IL CO DC HI MI MS ND NV NY OK RI SC X THE ORGANIZATION 3129896096 4 NORTH WATER STREET NANTUCKET MA 02554 TOM SCOTT PRESIDENT 2.00 X X 0 0 0 MARGARETTA ANDREWS TREASURER 2.00 X X 0 0 0 KATE BROSNAN CLERK/PROFESSIONAL SERVICES 2.00 X X 9000 0 0 LINDSAY MORRIS EXECUTIVE DIRECTOR 40.00 X X 78428 0 0 MICHELLE BONIFACE ST JOHN SENIOR PRODUCER 40.00 X 101564 0 31385 188992 0 31385 1 0 0 0 0 25010 870632 895642 LICENSE FEE REVENUE 900099 25000 25000 25000 920642 25000 0 0 X 87428 9000 78428 112735 103735 9000 15799 8531 7268 34252 34252 33884 33884 527304 511622 15682 22512 22512 11014 11014 5487 5088 399 PROGRAM SUPPLIES 11037 11037 861452 660027 201425 0 182395 1713945 542982 0 316 725693 1713945 4783 6227 660343 102641 0 1494574 665126 1603442 X 13206 110503 47361 0 60567 110503 725693 1713945 X 59190 -9254 X 0 1 X 0 0 X 1068284 1478426 895642 3442352 1068284 1478426 895642 3442352 2467803 974549 3442352 50000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 CONDITIONAL GRANT ADVANCE 1494574 1494574 X 920642 0 920642 0 920642 861452 0 861452 0 861452 PART X, LINE 2: THE 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. THE NANTUCKET PROJECT LLC AFFILIATED ORGANIZATION FOR PROGRAM EXPENSES X 102641 102641 0 1 0 102641 THE NANTUCKET PROJECT LLC AFFILIATED ORGANIZATION WITH COMMON BOARD MEMBERS AND OWNERS 25000 EARNED REVENUE FOR LICENSING FEES 0 THE NANTUCKET PROJECT LLC AFFILIATED ORGANIZATION WITH COMMON BOARD MEMBERS AND OWNERS 670178 FOR INCURRED EXPENSES 0 THE NANTUCKET PROJECT LLC AFFILIATED ORGANIZATION WITH COMMON BOARD MEMBERS AND OWNERS 102641 FOR REIMBURSMENT EXPENSES 0 FORM 990, PART VI, SECTION A, LINE 2 IN 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 8A THE ORGANIZATION DID NOT MAINTAIN ANY BOARD MINUTES DURING THE YEAR ENDED DECEMBER 31, 2020. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DID NOT MAINTAIN ANY BOARD MINUTES DURING 2020. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WILL BE PROVIDED TO BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE 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 15A COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED AFTER REVIEW AND APPROVAL BY THE BOARD. COMPENSATION IS ASSESSED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: 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. THE NANTUCKET PROJECT LLC 4 NORTH WATER STREET NANTUCKET MA 02554 001267195 MA C 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 THE NANTUCKET PROJECT INC P 670178 THE NANTUCKET PROJECT INC E 102641