2023-09-15T16:29:33-05:00 2022-10-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2021-11-01 043252612 NANTUCKET COMMUNITY SAILING INC NANT 5082286600 PO BOX 2424 NANTUCKET MA 02584 DIANA L BROWN PRESIDENT & CEO 5082286600 2023-09-15 1 DIANA BROWN XXX-XX-XXXX GARRETT M HIGGINS P00543209 4016216200 2023-09-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DIANA L BROWN PO BOX 2424 NANTUCKET MA 02584 2331000 0 X WWW.NANTUCKETCOMMUNITYSAILING.ORG X 1994 MA TO PROVIDE AFFORDABLE SAILING INSTRUCTION AND ACCESS TO WATER SPORTS FOR THE NANTUCKET COMMUNITY. 24 24 36 350 11649 0 1241944 1191436 439634 550444 10479 4536 -22575 -44026 1669482 1702390 62175 78278 0 0 584970 740112 0 0 194048 480490 553188 1127635 1371578 541847 330812 5269190 5215303 771363 540165 4497827 4675138 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 969794 78278 550519 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 2022 NCS HAD 594 ENROLLMENTS IN OUR YOUTH SAILING CLASSES OVER EIGHT WEEKS, REPRESENTING 380 UNIQUE STUDENTS. 40% OF OUR STUDENTS ARE YEAR-ROUND NANTUCKET CHILDREN, AND WE PROVIDED $78,278 IN SCHOLARSHIPS TO 117 ISLAND CHILDREN. OUR COMMUNITY OUTREACH PROGRAMS SERVED 400 CHILDREN AND ADULTS WHO OTHERWISE WOULD NOT HAVE ACCESS TO SAILING AND WATER SPORTS. NCS ALSO OFFERED PRIVATE LESSONS AND RENTALS OF SAILBOATS, KAYAKS AND PADDLEBOARDS TO WELL OVER 500 PEOPLE, FROM TODDLERS TO SENIOR CITIZENS.OUR PRIMARY PROGRAM IS YOUTH GROUP SAILING LESSONS, FOR CHILDREN AGES 4 -18, OFFERED IN A RANGE OF SMALL SAILBOATS DEPENDING ON THE STUDENT'S LEVEL. OUR SAILING INSTRUCTORS ARE ALL CERTIFIED AND HIGHLY QUALIFIED. OUR CURRICULUM ENABLES EACH CHILD TO PROGRESS THROUGH THE SAILING CLASSES AND INCREASE THEIR SKILLS. OUR INSTRUCTORS PERFORM COMPREHENSIVE STUDENT EVALUATIONS AT THE END OF THE SEASON AND ADVISE THE PARENTS ON A RECOMMENDED SKILL DEVELOPMENT PROGRAM FOR THE FOLLOWING YEAR. IN 2022 NCS HAD 594 ENROLLMENTS IN OUR YOUTH SAILING PROGRAMS OVER EIGHT WEEKS, REPRESENTING 380 UNIQUE STUDENTS. 40% OF OUR STUDENTS ARE YEAR-ROUND NANTUCKET CHILDREN, AND WE PROVIDED $78,278 IN SAILING SCHOLARSHIPS TO 117 CHILDREN.B. ANOTHER MAJOR PROGRAM FOR NANTUCKET COMMUNITY SAILING IS OUR COMMUNITY OUTREACH. WE OFFER FREE OR HIGHLY SUBSIDIZED SAILING LESSONS, WATER SPORTS, AND EQUIPMENT TO CHILDREN AND ADULTS WHO WOULD OTHERWISE NOT HAVE ACCESS TO SAILING OR WATER SPORTS. OUR CONSTITUENTS INCLUDE TODDLERS AND THEIR PARENT/CAREGIVER, CHILDREN FROM THE NANTUCKET BOYS & GIRLS CLUB, CHILDREN AND ADULTS WITH PHYSICAL AND/OR DEVELOPMENTAL DISABILITIES, THE ELDERLY, ADULTS WITH DEHABILITATING ILLNESS AND THEIR CAREGIVERS, AND THE NANTUCKET HIGH SCHOOL SAILING TEAM. IN 2022 OUR COMMUNITY OUTREACH PROGRAMS SERVED 400 CHILDREN AND ADULTS IN 62 SESSIONS OVER EIGHT WEEKS IN THE SUMMER.COMMUNITY OUTREACH PROGRAMS SERVED 400 CHILDREN AND ADULTS IN 62 SESSIONS OVER EIGHT WEEKS IN THE SUMMER.OUR THIRD PROGRAM AREA IS PROVIDING PRIVATE SAILING LESSONS AND RENTALS OF SAILBOATS AND WATER SPORTS EQUIPMENT, SUCH AS KAYAKS AND PADDLEBOARDS, TO OUR MEMBERS AND THE GENERAL PUBLIC FROM OUR JETTIES SAILING CENTER OVER EIGHT WEEKS. IN 2022 NCS OFFERED 464 PRIVATE LESSONS AND RENTED SAILBOATS AND WATER SPORTS EQUIPMENT TO OVER 445 PEOPLE. PEOPLE WHO PURCHASE JETTIES SAILING CENTER MEMBERSHIPS RECEIVE A DISCOUNT ON PRIVATE LESSONS AND FREE SAILBOAT AND WATER SPORTS EQUIPMENT RENTALS. 969794 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 12 0 36 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 X FRANCINE BALLING 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 PENELOPE DEY TREASURER 1.00 X X 0 0 0 CAROLYN GRANT ZARRELLA CLERK 1.00 X X 0 0 0 SANDY ADZICK DIRECTOR 1.00 X 0 0 0 TOM ANATHAN DIRECTOR 1.00 X 0 0 0 PELL JAMES BURNS 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 DAN GROPPER 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 MINOU PALANDJIAN DIRECTOR 1.00 X 0 0 0 ARTHUR READE DIRECTOR 1.00 X 0 0 0 PHIL SMITH 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 SCOTT ULM DIRECTOR 1.00 X 0 0 0 WINK VAN OGTROP DIRECTOR 1.00 X 0 0 0 TOM WHIDDEN DIRECTOR 1.00 X 0 0 0 DIANA L BROWN PRESIDENT & CEO 40.00 X 116851 0 24275 116851 0 24275 1 0 0 0 0 46450 744901 400085 156788 1191436 EDUCATIONAL PROGRAMS 711300 490716 490716 MEMBERSHIP DUES 711300 25300 25300 PROGRAM BOAT RENTAL 711300 23825 23825 PROGRAM CHARTER RENTAL 711300 10603 10603 550444 6638 6638 89237 5600 40693 9174 48544 -3574 44970 11649 33321 45897 3800 51799 0 -5902 3800 -2102 -2102 437873 744901 526944 -89071 -89071 75 0 75 75 1702390 550519 11649 -51214 78278 78278 152370 9143 45711 97516 5847 3917 819 1111 519545 425812 52351 41382 6934 6231 555 148 55416 36996 7757 10663 18500 18500 2663 2242 236 185 12 12 64430 42701 14191 7538 14533 10288 2663 1582 53705 29300 21680 2725 16914 16685 229 19357 19357 147964 93779 22987 31198 93726 93726 REPAIRS & MAINTENANCE 114370 114370 OTHER OPERATING EXPENSE 6314 6314 BAD DEBT EXPENSE 700 700 1371578 969794 207736 194048 1000 1000 901316 871920 120355 23084 36491 56806 22223 2223 5453671 1571606 3924874 3882065 262931 378205 5269190 5215303 14268 24568 792 792 756303 514805 771363 540165 X 4071365 4330102 426462 345036 4497827 4675138 5269190 5215303 X 330812 -53501 -100000 X X 0 1 X 1 0 X 1907389 1319587 624126 1241944 1191436 6284482 1907389 1319587 624126 1241944 1191436 6284482 527910 5756572 43349 51277 73538 40006 63337 271507 6555989 2100960 0.87810 0.85740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 103345 169085 -35604 236826 0 100000 3345 103345 0.00000 0.00000 1.00000 0 0 700000 700000 3154581 453948 2700633 1522896 1064264 458632 76194 53394 22800 3882065 X 2289527 -53501 151855 576811 675165 1614362 88028 88028 1702390 2112216 151855 676811 828666 1283550 88028 88028 1371578 PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO CREATE AN ONGOING SCHOLARSHIP FUND FOR ISLAND CHILDREN SAILING IN NCS CLASSES. THE PRINCIPAL WILL BE MAINTAINED BY NCS WITH THE INTEREST USED TO FUND 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 526,944. RENTAL EXPENSES REPORTED ON PART VIII 49,867. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NET OF REVENUE ON AUDITED FINANICAL STATEMENTS 78,278. ADDITIONAL RENTAL INCOME REPORTED ON PART VIII 9,750. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES REPORTED ON PART VIII 526,944. RENTAL EXPENSES REPORTED ON PART VIII 49,867. LOSS ON UNCOLLECTIBLE PLEDGE 100,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NET OF REVENUE ON AUDITED FINANICAL STATEMENTS 78,278. ADDITIONAL RENTAL INCOME REPORTED ON PART VIII 9,750. NANTUCKET RACE WEEK 594634 409451 185183 26874 40152 500 175738 OHC 50TH GALA 504699 324359 180340 991 50132 8800 91946 1 83441 11091 72350 30843 62228 3500 35240 1182774 744901 437873 58708 152512 12800 302924 526944 -89071 1 SCHOLARSHIPS 117 78278 PART I, LINE 2: THE SCHOLARSHIP COMMITTEE AWARDS PROGRAM SCHOLARSHIP GRANTS TO YEAR-ROUND NANTUCKET CHILDREN BASED ON FINANCIAL NEEDS AND MERIT. SCHOLARSHIPS ARE APPLIED DIRECTLY TO STUDENTS' ACCOUNTS. SCHOLARSHIP IS REVIEWED MONTHLY BY THE CEO. X 3 17001 COST X 40726 COST X 2 34000 COST X 2 38078 AVG. SELLING PRICE X 5 5 COST X MERCHANDISE 5 14673 COST X BOATING EQUIPMENT 4 9583 COST X FURNITURE AND FIXTURES 1 2722 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 2022 AND 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 XI, LINE 9: LOSS ON UNCOLLECTIBLE PLEDGE -100,000. 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.