2021-09-15T14:38:25-05:00 2020-10-31 271728945 PKF O'CONNOR DAVIES LLP 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2019-11-01 043252612 NANTUCKET COMMUNITY SAILING INC NANT 5082286600 PO BOX 2424 NANTUCKET MA 02584 DIANA L BROWN CEO 5082286600 2021-09-15 1 EDWARD F MCCRORY P01469593 4016216200 2021-09-14 2019 2022-09-23 18:48:47Z DIANA L BROWN PO BOX 2424 NANTUCKET MA 02584 941862 0 X WWW.NANTUCKETCOMMUNITYSAILING.ORG X 1994 MA TO PROVIDE AFFORDABLE SAILING INSTRUCTION AND ACCESS TO WATER SPORTS FOR THE NANTUCKET COMMUNITY. 24 24 50 34 3279 0 1419587 624126 482002 156778 34218 35664 -169866 -37539 1765941 779029 90108 22200 0 0 703100 496461 0 0 116759 506950 387306 1300158 905967 465783 -126938 4948891 4938871 852200 1019569 4096691 3919302 X TO PROVIDE AFFORDABLE SAILING INSTRUCTION AND ACCESS TO WATER SPORTS FOR THE NANTUCKET COMMUNITY. 0 0 606662 22200 156853 NANTUCKET COMMUNITY SAILING IS AN EDUCATIONAL ORGANIZATION PROVIDING AFFORDABLE ACCESS TO SAILING AND WATER SPORTS TO THE PUBLIC IN THE NANTUCKET COMMUNITY. THE ORGANIZATION OFFERS A FULL RANGE OF PRIVATE AND GROUP SAILING PROGRAMS FOR CHILDREN AND ADULTS OF ALL AGES, ABILITY LEVELS, AT TWO LOCATIONS IN NANTUCKET THE JETTIES SAILING CENTER AND POLPIS HARBOR. THE ORGANIZATION ALSO PROVIDES ACCESS TO SAILBOATS, KAYAKS, AND OTHER NON-MOTORIZED WATERCRAFT TO THE NANTUCKET COMMUNITY THROUGH MEMBERSHIPS WITH THE ORGANIZATION, AND HOURLY AND DAILY RENTALS. THE ORGANIZATION ALSO OFFERS MANY DIFFERENT RACING OPPORTUNITIES TO SAILORS WITHIN THE NANTUCKET COMMUNITY. THE ORGANIZATION SUPPORTS THE LOCAL COMMUNITY THROUGH YOUTH SCHOLARSHIPS AND OUTREACH PROGRAMMING, PROVIDING $150,000 IN SAILING SCHOLARSHIPS, SERVING 900 CHILDREN IN 2019, AS WELL AS SPONSORING THE NANTUCKET HIGH SCHOOL SAILING TEAM AND OFFERING FREE SAILING AND WATERSPORTS ACTIVITIES TO YOUTH AND ADULT MEMBERS OF THE NANTUCKET COMMUNITY, AND WORKING CLOSELY WITH MANY LOCAL NON-PROFITS. 606662 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 27 0 50 1 1 1 0 0 0 0 1 1 0 0 0 1 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X DIANA L BROWN 5082286600 PO BOX 2424 NANTUCKET MA 02584 DIANA BROWN CEO 40.00 X 117500 0 21661 HARRY REIN PRESIDENT 1.00 X X 0 0 0 LINDA MCGRATH 1ST VICE PRESIDENT 1.00 X X 0 0 0 TRACI WEAVER 2ND VICE PRESIDENT 1.00 X X 0 0 0 PENELOPE DEY TREASURER 1.00 X X 0 0 0 CAROLYN GRANT ZARRELLA SECRETARY 1.00 X X 0 0 0 BILL BIRCH DIRECTOR 1.00 X 0 0 0 BARBARA DESAI DIRECTOR 1.00 X 0 0 0 PAUL GAUCHER DIRECTOR 1.00 X 0 0 0 CHRIS GOULD DIRECTOR 1.00 X 0 0 0 BILL GRIEDER DIRECTOR 1.00 X 0 0 0 PELL JAMES BURNS DIRECTOR 1.00 X 0 0 0 TRACEY MARSHALL DIRECTOR 1.00 X 0 0 0 SUE MCCOLLUM DIRECTOR 1.00 X 0 0 0 MARIE-LOUISE PALANDJIAN DIRECTOR 1.00 X 0 0 0 ARTHUR READE DIRECTOR 1.00 X 0 0 0 TOM RICHARDS DIRECTOR 1.00 X 0 0 0 WEST RIGGS DIRECTOR 1.00 X 0 0 0 STEVE SIEGLER DIRECTOR 1.00 X 0 0 0 JULIE STEINDLER DIRECTOR 1.00 X 0 0 0 WENDY SYKES DIRECTOR 1.00 X 0 0 0 WINK VAN OGTROP DIRECTOR 1.00 X 0 0 0 ROGER VANDENBERG DIRECTOR 1.00 X 0 0 0 CRAIG VENTER DIRECTOR 1.00 X 0 0 0 TOM WHIDDEN DIRECTOR 1.00 X 0 0 0 117500 0 21661 1 0 0 0 DUANE JONES 41 NOBADEER FARM ROAD NANTUCKET MA 02554 GENERAL CONTRACTOR 458017 PETER CHRISTIANSEN PLUMBING & HEATING PO BOX 2651 NANTUCKET MA 02584 PLUMBING AND HVAC 107400 2 65450 205308 7000 346368 34967 624126 PROGRAM SERV 711300 122299 122299 PROGRAM BOAT RENTAL 711300 34479 34479 156778 4401 4401 69137 4400 53144 1121 15993 3279 19272 3279 15993 31750 487 31263 31263 31263 51195 205308 108081 -56886 -56886 75 0 75 75 779029 156853 3279 -5229 22200 22200 129757 7785 54498 67474 322206 268464 40829 12913 5677 4865 668 144 38821 24846 7763 6212 17700 17700 4342 3693 361 288 3511 396 593 2522 19595 13743 5302 550 14788 10056 4050 682 31231 15550 15681 11805 11805 162337 103896 32467 25974 69531 69531 REPAIRS & MAINTENANCE 41395 41395 PROGRAM EQUIPMENT/SUPPL 10477 7883 2594 MISCELLANEOUS 594 554 40 905967 606662 182546 116759 4627 4627 328813 587571 237705 160700 51456 25007 2223 2223 5283559 1248551 4195604 4035008 128463 123735 4948891 4938871 52200 12693 0 70966 800000 786610 0 149300 852200 1019569 X 3609499 3470501 487192 448801 4096691 3919302 4948891 4938871 X -126938 -5747 5296 -50000 X X 0 1 X 1 0 X 917137 1282454 1907389 1419587 624126 6150693 917137 1282454 1907389 1419587 624126 6150693 699203 5451490 59828 101024 43349 51277 73538 329016 2279 2279 6481988 2060225 0.84100 0.83140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 700000 700000 3154581 282290 2872291 1298022 921975 376047 75000 55956 44286 86670 4035008 PAYCHECK PROTECTION PROGRAM LOAN 149300 149300 X 918724 -5747 5296 162346 161895 756829 22200 22200 779029 1096113 212346 212346 883767 22200 22200 905967 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION AND/OR DISCLOSURE. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES REPORTED ON PART VIII 108,081. RENTAL EXPENSES REPORTED ON PART VIII 54,265. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NET OF REVENUE ON AFS 22,200. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES REPORTED ON PART VIII 108,081. RENTAL EXPENSES REPORTED ON PART VIII 54,265. IMPAIRMENT LOSS ON ASSET HELD FOR SALE 50,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NET OF REVENUE ON AFS 22,200. NANTUCKET RACE WEEK 253703 205008 48695 4363 101806 OPERA HOUSE CUP 2800 300 2500 1912 256503 205308 51195 4363 103718 108081 -56886 1 SCHOLARSHIPS 32 22200 PART I, LINE 2: THE SCHOLARSHIP COMMITTEE AWARDS SCHOLARSHIP GRANTS TO YEAR-ROUND NANTUCKET CHILDREN BASED ON NCS'S POLICY OF FIRST WEEK OF CLASSES AT $100, SECOND, THIRD AND FOURTH WEEKS AT 50% OFF AND ADDITIONAL AMOUNTS BASED ON THE STUDENT'S SCHOLARSHIP APPLICATION AND FUNDING AVAILABLE. SCHOLARSHIPS ARE REVIEWED MONTHLY BY THE CEO. X 3 14400 COST X MERCHANDISE 9 20043 COST X BOATING EQUIPMENT 6 524 COST 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B) OF SCHEDULE M. FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC COPY OF FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR COMMENTS PRIOR TO THE SUBMISSION OF THE FORM TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO ALL DIRECTORS, OFFICERS, ADVISORS AND KEY EMPLOYEES. ALL DIRECTORS, OFFICERS, ADVISORS AND KEY EMPLOYEES MUST SIGN A CONFLICT OF INTEREST FORM ANNUALLY. AN INTERESTED PERSON MUST DISCLOSE AS SOON AS PRACTICABLE TO THE BOARD THE EXISTENCE OF A POTENTIAL CONFLICT OF INTEREST. THE BOARD WILL DETERMINE IF A CONFLICT OF INTEREST EXISTS. IN THE EVENT THAT A CONFLICT OF INTEREST ARISES, THE INTEREST PERSON IS EXCLUDED FROM VOTING ON THE ISSUE. WITH RESPECT TO ANY BOARD DISCUSSION, DECISION, OR ACTIONS INVOLVING A CONFLICT OF INTEREST, THE MINUTES OF THE BOARD COMMITTEE MEETING WILL REFLECT THE BOARD'S DELIBERATIONS AND VOTING PROCESS. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE CEO IS SET BY THE PRESIDENT OF THE BOARD AND APPROVED BY THE EXECUTIVE COMMITTEE. THE PRESIDENT REVIEWS PROPOSED COMPENSATION FOR THE CEO IN RELATION TO HER PERFORMANCE AND COMPARABILITY DATA FROM OTHER NOT-FOR-PROFIT AND SAILING ORGANIZATIONS. THIS PROCESS WAS LAST UNDERTAKEN IN 2020 AND RECORDED IN MINUTES OF THE BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES, AS WELL AS THE NANTUCKET COMMUNITY SAILING WEBSITE. IN ADDITION, THE FINANCIAL STATEMENTS, FORM 990, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART XI, LINE 9: IMPAIRMENT LOSS ON ASSET HELD FOR SALE -50,000. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.