Community Foundation For Nantucket

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Community Foundation For Nantucket Form 990, Revenue, CEO Pay, and IRS Filing Signals

Community Foundation For Nantucket is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Community Foundation For Nantucket in one place.

Is Community Foundation For Nantucket Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Request a concise report for Community Foundation For Nantucket with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Community Foundation For Nantucket directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Community Foundation For Nantucket

Community Foundation For Nantucket (EIN: 134316755) is a nonprofit organization based in Nantucket, MA, classified under NTEE code T31. The organization reported total revenue of $7.7M and total assets of $29.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Foundation For Nantucket's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Community Foundation For Nantucket is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Community Foundation For Nantucket reported a surplus of $854K with revenue exceeding expenses, holds 53.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Community Foundation For Nantucket's revenue has grown at a compound annual growth rate (CAGR) of 18.9%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Community Foundation For Nantucket with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 5%
• programs: 90%
• fundraising: 5%

According to IRS 990 filings, Community Foundation For Nantucket allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $854K, with revenue exceeding expenses.
• Debt-to-asset ratio: 1.1%.

Executive Compensation Analysis

The Community Foundation For Nantucket consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and asset base ($27M+). This suggests either a fully volunteer-led executive team or that executive compensation is categorized differently within other expense lines, though the latter would be less transparent.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Community Foundation For Nantucket's IRS 990 filings:

• Consistent 0% officer compensation for an organization of this size is unusual and may warrant further investigation into how executive leadership is compensated or structured, as it could indicate compensation is reported under other categories or that the leadership is entirely volunteer-based, which is rare for a foundation managing nearly $30 million in assets.

Strengths

The following positive indicators were identified for Community Foundation For Nantucket:

• Strong asset growth: Assets increased from $3.5 million in 2014 to over $27 million in 2023, demonstrating excellent financial stewardship and endowment building.
• Consistent 0% officer compensation: This indicates a strong commitment to directing funds towards programs and minimizing administrative overhead at the executive level.
• Positive revenue trends: Despite fluctuations, the overall trend in revenue is positive, supporting the organization's growth and capacity for impact.
• Low liabilities: Liabilities consistently remain a small fraction of total assets, indicating sound financial management and low debt burden.

Frequently Asked Questions about Community Foundation For Nantucket

Filing History

IRS 990 filing history for Community Foundation For Nantucket showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Community Foundation For Nantucket's revenue has grown by 695.5%, moving from $875K to $7.0M. Total assets increased by 1993.4% over the same period, from $1.3M to $27.2M. Total functional expenses rose by 1817.8%, from $319K to $6.1M. In its most recent filing year (2023), Community Foundation For Nantucket reported a surplus of $854K, with revenue exceeding expenses. The organization holds $295K in liabilities against $27.2M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $26.9M.

Year-by-Year Financial Summary

• 2023: Revenue of $7.0M, expenses of $6.1M, and assets of $27.2M (revenue -46.5% year-over-year).
• 2022: Revenue of $13.0M, expenses of $4.7M, and assets of $24.5M (revenue +29.6% year-over-year).
• 2021: Revenue of $10.0M, expenses of $4.0M, and assets of $23.2M (revenue +21.3% year-over-year).
• 2020: Revenue of $8.3M, expenses of $6.0M, and assets of $16.9M (revenue +26.0% year-over-year).
• 2019: Revenue of $6.6M, expenses of $3.0M, and assets of $14.3M (revenue +31.7% year-over-year).
• 2018: Revenue of $5.0M, expenses of $3.8M, and assets of $9.1M (revenue -6.9% year-over-year).
• 2017: Revenue of $5.4M, expenses of $4.0M, and assets of $8.7M (revenue -3.2% year-over-year).
• 2016: Revenue of $5.5M, expenses of $2.7M, and assets of $6.8M (revenue +199.8% year-over-year).
• 2015: Revenue of $1.8M, expenses of $1.5M, and assets of $3.9M (revenue -30.2% year-over-year).
• 2014: Revenue of $2.6M, expenses of $2.0M, and assets of $3.6M (revenue +40.7% year-over-year).
• 2013: Revenue of $1.9M, expenses of $1.1M, and assets of $2.9M (revenue +59.4% year-over-year).
• 2012: Revenue of $1.2M, expenses of $604K, and assets of $1.9M (revenue +34.8% year-over-year).
• 2011: Revenue of $875K, expenses of $319K, and assets of $1.3M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Community Foundation For Nantucket:

Data Sources and Methodology

This transparency report for Community Foundation For Nantucket is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.