2023-05-03T12:30:38-05:00 2022-12-31 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD - SUITE 200 WESTBOROUGH MA 01581 990 2022-01-01 043165556 THE NANTUCKET EDUCATION TRUST INC NANT 5082287285 PO BOX 3163 NANTUCKET MA 025843163 JOHN RICCIO TREASURER 5082287285 2023-05-02 1 JOHN RICCIO 999009999 0 SANDRA M BROWN CPA P01614103 5088717178 2023-05-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN RICCIO PO BOX 3163 NANTUCKET MA 025843163 327629 0 X WWW.NANTUCKETEDUCATIONTRUST.ORG X 1992 MA THE NANTUCKET EDUCATION TRUST'S MISSION IS THREE-FOLD: TO GENERATE PRIVATE SUPPORT FOR PUBLIC EDUCATION ON NANTUCKET; TO FOSTER PRIVATE AND PUBLIC PARTNERSHIPS THAT BENEFIT THE CHILDREN OF NANTUCKET PUBLIC SCHOOLS; AND TO HONOR EXCELLENCE IN TEACHING AND LEARNING. 10 10 0 0 0 0 4100 3500 308428 307900 1801 16229 0 0 314329 327629 6137 2472 0 0 0 4800 0 0 0 263840 214733 269977 222005 44352 105624 2511615 2549512 1759674 1725189 751941 824323 THE NANTUCKET EDUCATION TRUST'S MISSION IS THREE-FOLD: TO GENERATE PRIVATE SUPPORT FOR PUBLIC EDUCATION ON NANTUCKET; TO FOSTER PRIVATE AND PUBLIC PARTNERSHIPS THAT BENEFIT THE CHILDREN OF NANTUCKET PUBLIC SCHOOLS; AND TO HONOR EXCELLENCE IN TEACHING AND LEARNING. 0 0 182722 0 307900 BUILD AND MAINTAIN 12 RENTAL HOUSING UNITS FOR THE BENEFIT OF TEACHERS AND SCHOOL STAFF. 18027 2472 0 PROVIDE EDUCATIONAL PROGRAMS IN THE NANTUCKET PUBLIC SCHOOL SYSTEM INCLUDING PURCHASE OF EQUIPMENT, PAYMENT OF SALARIES & GRANTS FOR TEACHERS, SPONSORSHIP OF LECTURES, SEMINARS AND WORKSHOPS, AND PARTICIPATION IN THE SATELLITE PROGRAMS COORDINATED BY THE SCHOOL. 200749 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X MARTIN ANGUELOV 5082287285 10 SURFSIDE ROAD NANTUCKET MA 02554 PAULINE PROCH FORMER PRESIDENT 1.00 X X 0 0 0 JOHN RICCIO TREASURER 1.00 X X 0 0 0 WILLIAM MICHAEL COZORT PRESIDENT 1.00 X X 0 0 0 TRACY NICHOLS CO-CLERK 1.00 X X 0 0 0 HADLEY DUTRA CO-CLERK 1.00 X X 0 0 0 MARTIN ANGUELOV DIRECTOR/BOOKKEEPER 1.00 X 4800 0 0 MARIE LEMBERG DIRECTOR 1.00 X 0 0 0 ELIZABETH HALLETT VICE PRESIDENT 1.00 X X 0 0 0 MEG BROWERS DIRECTOR 1.00 X 0 0 0 ANTHONY FOX DIRECTOR 1.00 X 0 0 0 ALICIA GRAZIADEI DIRECTOR 1.00 X 0 0 0 4800 0 0 0 0 0 0 0 3500 3500 RENTAL INCOME 531390 307900 307900 307900 10723 10723 5506 0 5506 5506 5506 327629 307900 0 16229 2472 2472 4800 4800 5015 5015 1495 1495 7713 7713 595 595 21738 21738 58590 58590 86068 86068 17964 11311 6653 PROGRAM EXPENSES 15555 15555 222005 200749 21256 0 82700 56661 536388 351642 3485 3826 3158353 1377941 1866480 1780412 333104 22562 23867 2511615 2549512 10570 0 2400 4650 22562 23867 1724142 1696672 1759674 1725189 X 619033 694720 132908 129603 751941 824323 2511615 2549512 105624 -33242 0 X 1 X 0 0 0 X 60732 66718 1200 4100 3500 136250 60732 66718 1200 4100 3500 136250 81905 54345 132 2443 5345 1801 10723 20444 156694 1533214 0.34680 0.39370 X 0 1 X 3094979 1320243 1774736 63374 57698 5676 1780412 PART IV, LINE 2B: THE ESCROW ACCOUNT LIABILITY ON PART X LINE 21 CONSISTS OF TENANT SECURITY DEPOSITS WHICH ARE HELD IN A SEPARATE BANK ACCOUNT. THE DEPOSITS ARE REFUNDED TO THE TENANT PARTIALLY OR IN FULL UPON TERMINATION OF THE LEASE ON A CONDITIONAL BASIS BASED ON THE RESTORATION NEEDED TO THE UNIT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL STATEMENTS ARE RECEIVED FROM EACH MEMBER OF THE BOARD. THE BOARD SHALL REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THIS POLICY BY REVIEWING ANNUAL STATEMENTS AND TAKING SUCH OTHER ACTIONS AS NECESSARY FOR EFFECTIVE OVERSIGHT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON REQUEST. FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND TAX RETURNS ARE AVAILABLE TO THE PUBLIC ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE.