2019-08-22T09:50:52-05:00 2018-12-31 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD - SUITE 200 WESTBOROUGH MA 01581 990 2018-01-01 821949598 THE NANTUCKET PROJECT ACADEMY INC NANT 3129896096 4 NORTH WATER STREET NANTUCKET MA 02554 LINDSAY MORRIS EXECUTIVE DIRECTOR 3129896096 2019-08-22 1 SANDRA M BROWN CPA P01614103 5088717178 2019-08-22 71.248.188.134 2019-08-22 10:36:43 ED P 69E9977AC052CEB93F1ED3E2D4B07C277CAC5DE2 69E9977AC052CEB93F1ED3E2D4B07C277CAC5DE2 2018 2019-02-21 02:37:17Z LINDSAY MORRIS 2020 N LINCOLN PARK W 30C CHICAGO IL 60614 1068284 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 0 3 0 0 0 1068284 0 0 0 0 0 0 0 1068284 0 47400 0 0 0 60000 0 0 6000 0 732945 0 840345 0 227939 0 987285 84000 843346 -84000 143939 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 805525 47400 INVESTING IN LEADERS - TNP SCHOLARS PROGRAM:WE SUPPORT SOCIAL CHANGE LEADERS TO ACHIEVE THEIR FULL POTENTIAL. EVERY YEAR, THE TNP SCHOLARS PROGRAM SUPPORTS A GROUP OF HAND-PICKED, CURIOUS, HUMBLE, PASSIONATE INDIVIDUALS WITH PURPOSE - DRIVEN PROJECTS TO PURSUE THEIR GOALS. THROUGHOUT THE PROGRAM, SCHOLARS ARE EXPOSED TO NEW WAYS OF THINKING, THEY ARE CONNECTED TO A NETWORK OF EXPERT ADVISORS AND ARE ASSISTED IN DEVELOPING AND IMPLEMENTING THEIR IDEAS.INVESTING IN COMMUNITY - TNP COMMUNITY PROGRAM:WE ENCOURAGE COMMUNITIES OF THOUGHT LEADERS AND INFLUENCERS TO EMBRACE FRESH THINKING, TO CONNECT WITH EACH OTHER AND TO CONTRIBUTE TO HUMAN PROGRESS. THE TNP COMMUNITY PROGRAM WAS ESTABLISHED TO EXPAND THE DIVERSITY AND EXPERTISE OF THE TNP COMMUNITY.TNP IMPACT PROGRAM:WE CREATE AND DISTRIBUTE CONTENT THAT BRINGS IMPORTANT IDEAS TO WIDE AUDIENCES AND DRIVES SOCIAL IMPACT. THE TNP IMPACT PROGRAM SUPPORTS THE CREATION OF CONTENT FOR AND ABOUT OUR SCHOLARS. 805525 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 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 0 0 0 0 1 0 0 MA CT IL 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 2.00 X X 0 0 0 LINDSAY MORRIS EXECUTIVE DIRECTOR 40.00 X X 22500 0 0 22500 0 0 0 0 0 0 0 1068284 1068284 1068284 0 0 0 47400 47400 60000 36000 18000 6000 10820 10820 12129 12129 707696 707696 PROGRAM SUPPLIES 2300 2300 0 0 840345 805525 28820 6000 0 932285 55000 0 987285 47514 84000 795832 84000 843346 X -84000 29884 0 114055 -84000 143939 0 987285 227939 0 X 0 1 X 0 0 X 1068284 1068284 1068284 1068284 752555 315729 1068284 X 0 X 1068284 0 1068284 0 1068284 840345 0 840345 0 840345 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 YEAR PRESENTED, THE ORGANIZATION HAS NOT RECOGNIZED ANY TAX BENEFITS OR LOSS CONTINGENCIES FOR UNCERTAIN TAX POSITIONS BASED ON THIS EVALUATION. 1 THE NANTUCKET PROJECT LLC 123 MASON STREET GREENWICH CT 06830 001267195 47400 TNP ACADEMY SCHOLARSHIPS 0 1 PART I, LINE 2: TO ENSURE ALL SCHOLARSHIP FUNDS GO TOWARDS THE PROPER PURPOSE, ALL DISBURSEMENTS ARE MADE EXCLUSIVELY BY THE EXECUTIVE DIRECTOR AND FUNDS ARE NEVER SENT DIRECTLY TO RECIPIENTS. AT THE BEGINNING OF EACH PROGRAM YEAR, THE ACADEMY TEAM DEFINE WHICH ACTIVITIES AND EFFORTS WILL RECEIVE FUNDING FROM THE ACADEMY AND THROUGHOUT THE YEAR, FUNDS ARE DISPERSED ONLY AGAINST THOSE LINE ITEMS. TNP ACADEMY DOES NOT ACCEPT UNSOLICITED REQUESTS FOR FUNDING. THE NANTUCKET PROJECT LLC AFFILIATED ORGANIZATION WITH COMMON BOARD MEMBERS AND OWNERS FOR PROGRAM EXPENSE REIMBURSEMENTS X 795832 795832 0 1 0 795832 THE NANTUCKET PROJECT LLC AFFILIATED ORGANIZATION WITH COMMON BOARD MEMBERS AND OWNERS 795832 FOR REIMBURSEMENT OF PROGRAM EXPENSES PRIOR TO INCORPORATION AND DURING 2018. 0 FORM 990, PART VI, SECTION A, LINE 2 THE PRESIDENT AND CLERK OF THE BOARD OF DIRECTORS OF THE NANTUCKET PROJECT ACADEMY WERE ALSO CO-FOUNDERS, BOARD MEMBERS, AND EQUITY HOLDERS OF THE NANTUCKET PROJECT, LLC. DURING THE YEAR PRESENTED, THE FOLLOWING RELATED PARTY TRANSACTIONS OCCURRED BETWEEN THESE ORGANIZATIONS: SCHOLARSHIPS TNP ACADEMY MADE PAYMENTS TOTALING $47,400 TO TNP FOR SCHOLARSHIP AWARDED TO SELECT TNP SCHOLARS. LOAN FROM RELATED PARTY TNP ACADEMY OWED $84,000 TO TNP AT ITS INCEPTION FOR EXPENSES INCURRED ON BEHALF OF THE ORGANIZATION PRIOR TO ITS INCORPORATION. THE TNP ACADEMY PARTICIPATED IN THE NANTUCKET PROJECT'S SIGNATURE GATHERING IN 2016 INCLUDING BOTH AN ISLANDERS PASS VALUED AT $25,000 AND $59,000 WORTH OF TICKETS TO THE EVENT. THIS AMOUNT WAS PAID TO TNP SUBSEQUENT TO YEAR END. PROJECT AND EVENT EXPENSES AND DUE TO RELATED PARTY DURING THE YEAR ENDED DECEMBER 31, 2018, TNP ACADEMY INCURRED EXPENSES ATTRIBUTABLE TO THREE PRIMARY PROGRAMS AND EVENTS WHICH WERE SUBSEQUENTLY PAID TO TNP. THIS AMOUNT OF $711,832 IS REPORTED AS DUE TO RELATED PARTY IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. THESE EXPENSES, IN ADDITION TO THE SCHOLARSHIPS ABOVE, ALL OF WHICH WERE PAID TO TNP, ACCOUNT FOR 91% OF TOTAL EXPENSES FOR THE YEAR PRESENTED. FORM 990, PART VI, SECTION A, LINE 8A THE ORGANIZATION DID NOT HOLD ANY BOARD MEETINGS DURING THE YEAR ENDED DECEMBER 31, 2018. THEREFORE, NO MINUTES WERE TAKEN. FORM 990, PART VI, SECTION A, LINE 8B THE BOARD DID NOT MEET DURING 2018. 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 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. THE NANTUCKET PROJECT LLC 4 NORTH WATER STREET NANTUCKET MA 02554 001267195 MA C 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 THE NANTUCKET PROJECT LLC E 795832 FMV THE NANTUCKET PROJECT LLC Q 795832 FMV