Nantucket Shellfish Association Inc in Nantucket, Massachusetts (MA)
Table of contents:
| Nantucket Shellfish Association Inc | |
| Employer Identification Number (EIN) | 061684351 |
| Name of Organization | Nantucket Shellfish Association Inc |
| In Care of Name | Daniel Drake |
| Address | PO BOX 604, Nantucket, MA 02554-0604 |
| Subsection | Charitable Organization |
| Ruling Date | 12/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $131,483 |
| Amount of Income | $86,335 |
| Form 990 Revenue Amount | $63,786 |
| National Taxonomy of Exempt Entities (NTEE) | Science and Technology Research Institutes, Services: Engineering |
Non-representatives - add comments:
Amount of income in 2013: $86,335 (it was $121,782 in 2012)
| This organization: | $86,335 |
| Other organizations performing similar types of work: | $86,335 |
Assets in 2013: $131,483 (it was $142,421 in 2012)
| Nantucket Shellfish Association Inc: | $131,483 |
| Other organizations performing similar types of work: | $71,616 |
Expenses in 2013: $74,724
| This organization: | $74,724 |
| Other organizations performing similar types of work: | $74,724 |
Income to expenses ratio in 2013: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2013: 58.3%
| Nantucket Shellfish Association Inc: | 58.3% |
| Other organizations performing similar types of work: | 100.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $47,754 | $104,959 | $63,786 |
| Contributions, gifts, grants, and similar amounts received | $18,158 | $82,412 | $37,215 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $7 | $13 | $12 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $27,823 | $22,043 | $28,782 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $40,804 | $36,656 | $46,131 |
| Less: direct expenses from gaming and fundraising events | $12,981 | $14,613 | $17,349 |
| Gross profit/loss from sales of inventory | $1,766 | $491 | $-2,223 |
| Gross sales of inventory, less returns and allowances | $3,423 | $2,701 | $2,977 |
| Less: cost of goods sold | $1,657 | $2,210 | $5,200 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $16,107 | $51,667 | $74,724 |
| Total net assets | $89,129 | $142,421 | $131,483 |
| Excess/Deficit for the year | $31,647 | $53,292 | $-10,938 |
| Net assets or fund balances at beginning of year | $57,482 | $89,129 | $142,421 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $142,421 | $131,483 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $89,129 | $142,421 | $131,483 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $89,129 | $142,421 | $131,483 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $145,981 |
| Subtotal | $225,981 |
| Gifts, grants, contributions, and membership fees received | $213,895 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $12,086 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $80,000 |
| Amounts received from disqualified persons | $80,000 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $226,025 |
| Public support | $225,981 |
| Subtotal | $44 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $44 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Fab Foundation | 105 Waltham Street, Maynard, MA 01754 | MA | 2011-05 | $11,080,730 |
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| 7 | Alabama Society For Heathcare Engineering Inc | 500 North East Boulevard, Montgomery, AL 36117-2214 | AL | 2013-05 | $113,024 |
| 8 | Nantucket Shellfish Association Inc | PO BOX 604, Nantucket, MA 02554-0604 | MA | 2003-12 | $86,335 |
| 9 | Association Of Metropolitan Planning Organizations Research Fo | 444 North Capitol St Nw Ste 345, Washington, DC 20001 | DC | 2013-01 | $82,500 |
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| 11 | American Heritage Defense Corporation Ahdc | 14410 Secretariat Dr, Bowie, MD 20721-1289 | MD | 2004-02 | $70,512 |
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| 13 | Texas Alliance Rail District Inc | PO BOX 6004, Granbury, TX 76049-3004 | TX | 2005-08 | $48,754 |
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| 19 | American Institute Of Industrial Engineers Inc | 279 Stocker Center Ohio University, Athens, OH 45701 | OH | 1963-05 | $0 |
| 20 | American Society Of Nepalese Engineers | Po Box 39524, Baltimore, MD 21212 | MD | 2010-07 | $0 |
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