2022-09-07T14:30:07-05:00 2021-10-31 271728945 PKF O'CONNOR DAVIES LLP 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2020-11-01 043252612 NANTUCKET COMMUNITY SAILING INC NANT 5082286600 PO BOX 2424 NANTUCKET MA 02584 DIANA L BROWN PRESIDENT & CEO 5082286600 2022-09-07 1 DIANA BROWN XXX-XX-XXXX GARRETT M HIGGINS P00543209 4016216200 2022-09-07 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DIANA L BROWN PO BOX 2424 NANTUCKET MA 02584 1970042 0 X WWW.NANTUCKETCOMMUNITYSAILING.ORG X 1994 MA TO PROVIDE AFFORDABLE SAILING INSTRUCTION AND ACCESS TO WATER SPORTS FOR THE NANTUCKET COMMUNITY. 24 24 22 230 -424 0 624126 1241944 156778 439634 35664 10479 -37539 -22575 779029 1669482 22200 62175 0 0 496461 584970 0 0 132392 387306 480490 905967 1127635 -126938 541847 4938871 5269190 1019569 771363 3919302 4497827 X TO ENGAGE PEOPLE OF ALL AGES IN THE JOY OF SAILING, OFFERING ACCESS TO ALL NANTUCKET'S YOUTH, AND TEACHING EVERY PARTICIPANT IN OUR PROGRAMS ENDURING LIFE AND LEADERSHIP SKILLS, WITH A DEEP RESPECT FOR THE MARINE ENVIRONMENT. 0 0 767518 62175 440009 NANTUCKET COMMUNITY SAILING (NCS) OFFERS A FULL RANGE OF YOUTH AND ADULT GROUP SAILING LESSONS, PRIVATE SAILING LESSONS, AND PROVIDES HOURLY AND DAILY RENTALS OF SAILBOATS AND WATER SPORTS EQUIPMENT SUCH AS KAYAKS AND PADDLEBOARDS TO MEMBERS AND THE GENERAL PUBLIC, FROM TWO LOCATIONS ON NANTUCKET, JETTIES BEACH AND POLPIS HARBOR. THE ORGANIZATION PROVIDES $150,000 IN YOUTH SAILING SCHOLARSHIPS AND FREE COMMUNITY OUTREACH TO UNDERSERVED CHILDREN AND ADULTS WHO WOULD OTHERWISE NOT BE ABLE TO GET OUT ON THE WATER. IN ADDITION, THE ORGANIZATION RUNS REGATTAS DURING THE SUMMER TO INCLUDE MORE PEOPLE IN THE SPORT OF SAILING AND AS FUNDRAISING EVENTS TO SUPPORT THE SAILING PROGRAMS. THE ORGANIZATION OPERATES THE PROGRAMS AND EVENTS WITH A FOCUS ON SUSTAINABILITY, AND COLLABORATES WITH OTHER NON-PROFIT ORGANIZATIONS TO MAINTAIN NANTUCKET'S WATER QUALITY.IN FISCAL YEAR 2021 NCS HAD 825 ENROLLMENTS IN OUR YOUTH SAILING PROGRAMS OVER EIGHT WEEKS, REPRESENTING 389 UNIQUE STUDENTS. 40% OF OUR STUDENTS WERE YEAR-ROUND NANTUCKET CHILDREN, AND WE PROVIDED $62,175 IN SAILING SCHOLARSHIPS TO 110 CHILDREN. OUR COMMUNITY OUTREACH PROGRAMS SUPPORTED 256 PEOPLE OVER 68 STUDENT DAYS OF ACTIVITY. NCS ALSO OFFERED PRIVATE LESSONS AND SAILBOAT RENTALS TO OVER 250 PEOPLE WHO RESERVED IN ADVANCE, AND ADDITIONAL WALK-UP MEMBERS OF THE GENERAL PUBLIC. 767518 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 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 5 0 22 1 1 1 0 0 0 0 1 1 0 0 0 1 0 0 0 X 24 24 0 0 0 0 1 1 1 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 HARRY REIN CHAIR 1.00 X X 0 0 0 LINDA MCGRATH 1ST VICE PRESIDENT 1.00 X X 0 0 0 WEST RIGGS 2ND VICE PRESIDENT 1.00 X X 0 0 0 TRACI WEAVER 2ND VICE PRESIDENT (THRU 11/20) 1.00 X X 0 0 0 PENELOPE DEY TREASURER 1.00 X X 0 0 0 CAROLYN GRANT ZARRELLA CLERK 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 PAGE GOSNELL 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 DAN GROPPER DIRECTOR 1.00 X 0 0 0 PELL JAMES BURNS DIRECTOR 1.00 X 0 0 0 BILL LIDDLE 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 (THRU 11/20) 1.00 X 0 0 0 PHIL SMITH DIRECTOR 1.00 X 0 0 0 STEVE SIEGLER DIRECTOR (THRU 11/20) 1.00 X 0 0 0 JULIE STEINDLER DIRECTOR 1.00 X 0 0 0 WENDY SYKES DIRECTOR 1.00 X 0 0 0 SCOTT ULM DIRECTOR 1.00 X 0 0 0 WINK VAN OGTROP DIRECTOR 1.00 X 0 0 0 ROGER VANDENBERG DIRECTOR (THRU 11/20) 1.00 X 0 0 0 CRAIG VENTER DIRECTOR (THRU 11/20) 1.00 X 0 0 0 TOM WHIDDEN DIRECTOR 1.00 X 0 0 0 DIANA L BROWN PRESIDENT & CEO 40.00 X 98293 0 22368 98293 0 22368 0 0 0 0 0 93571 351332 295378 501663 126873 1241944 EDUCATIONAL PROGRAMS 711300 393162 393162 PROGRAM BOAT RENTAL 711300 29097 29097 PROGRAM CHARTER RENTAL 711300 10075 10075 MEMBERSHIP DUES 711300 7300 7300 439634 3829 3829 36177 3000 13298 3424 22879 -424 22455 -424 22879 75000 68350 6650 6650 6650 170083 351332 215488 -45405 -45405 375 0 375 375 1669482 440009 -424 -12047 62175 62175 136084 8165 57155 70764 399077 320562 55103 23412 5506 4787 623 96 44303 28354 8862 7087 17700 17700 1791 1224 315 252 3008 342 508 2158 28030 17739 9150 1141 13375 9573 3062 740 47073 29179 16643 1251 14125 13454 597 74 28635 28635 152639 101670 25552 25417 80957 80957 REPAIRS & MAINTENANCE 75372 75372 PROGRAM EQUIP/SUPPLIES 10771 10771 BAD DEBT EXPENSE 3820 3820 MISCELLANEOUS 3194 3194 1127635 767518 227725 132392 4627 1000 587571 901316 160700 120355 25007 36491 2223 22223 5332284 1407410 4035008 3924874 123735 262931 4938871 5269190 12693 14268 70966 792 786610 756303 149300 0 1019569 771363 X 3470501 4071365 448801 426462 3919302 4497827 4938871 5269190 541847 36678 0 X X 0 1 X 1 0 X 1282454 1907389 1419587 624126 1241944 6475500 1282454 1907389 1419587 624126 1241944 6475500 658068 5817432 101024 43349 51277 73538 40006 309194 6784694 1979270 0.85740 0.84100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 100000 3345 103345 0.00000 0.00000 1.00000 0 0 700000 700000 3154581 368120 2786461 1424666 986253 438413 53037 53037 0 3924874 X 1946629 36678 74725 232210 343613 1603016 66466 66466 1669482 1368104 74725 232210 306935 1061169 66466 66466 1127635 PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO CREATE MHB SCHOLARSHIP ENDOWMENT FUNDS. THE PRINCIPAL WILL BE MAINTAINED BY NCS WITH THE INTEREST USED TO FUND THE ANNUAL SCHOLARSHIPS. 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 215,488. RENTAL EXPENSES REPORTED ON PART VIII 16,722. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NET OF REVENUE ON AUDITED FINANICAL STATEMENTS 62,175. OTHER RENTAL INCOME REPORTED ON PART VIII 4,291. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES REPORTED ON PART VIII 215,488. RENTAL EXPENSES REPORTED ON PART VIII 16,722. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NET OF REVENUE ON AUDITED FINANICAL STATEMENTS 62,175. OTHER RENTAL INCOME REPORTED ON PART VIII 4,291. NANTUCKET RACE WEEK 475767 313897 161870 20164 16292 160405 OPERA HOUSE CUP 45648 37435 8213 1474 5055 600 11498 521415 351332 170083 21638 21347 600 171903 215488 -45405 1 SCHOLARSHIPS 110 62175 PART I, LINE 2: THE SCHOLARSHIP COMMITTEE AWARDS SCHOLARSHIP GRANTS TO YEAR-ROUND NANTUCKET CHILDREN BASED ON THE FINANCIAL NEEDS AND MERIT. SCHOLARSHIPS ARE APPLIED DIRECTLY TO THE STUDENT'S ACCOUNTS. SCHOLARSHIP FUND ALLOCATION IS REVIEWED MONTHLY BY THE CEO. X 44707 COST X 5 46401 COST X 2 19542 AVG. SELLING PRICE X 1 3890 COST X BOATING EQUIPMENT 3 9185 COST X GIFT CARDS 1 1500 COST X MODEL BOATS 2 1000 COST X SOFTWARE 1 648 COST 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS INDIVIDUAL, FAMILY, SENIOR, AND BUSINESS MEMBERSHIPS. FORM 990, PART VI, SECTION A, LINE 7A INDIVIDUAL MEMBERS (OVER EIGHTEEN YEARS OF AGE), FAMILY MEMBERS, AND SENIOR MEMBERS HAVE THE RIGHT TO ELECT THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS TO THE BY-LAWS ARE RESERVED TO AND SUBJECT TO THE APPROVAL OF THE THOSE CLASSES OF MEMBERS LISTED ABOVE. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, IT IS REVIEWED BY THE AUDIT COMMITTEE. THEN AN ELECTRONIC COPY OF THE 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 TO DISCLOSE ANY CONFLICTS. 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 INTERESTED 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 & PRESIDENT IS SET BY THE CHAIR OF THE BOARD AND APPROVED BY THE EXECUTIVE COMMITTEE. THE CHAIR REVIEWS COMPENSATION FOR THE CEO & PRESIDENT IN RELATION TO PERFORMANCE AND COMPARABILITY DATA FROM OTHER NOT-FOR-PROFIT AND SAILING ORGANIZATIONS. THIS PROCESS WAS LAST UNDERTAKEN IN 2020 AND WAS RECORDED IN MINUTES OF THE EXECUTIVE COMMITTEE 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 AVAILABLE 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 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.