Community Foundation For Nantucket

Community Foundation For Nantucket shows strong asset growth and no reported officer compensation over the past decade.

EIN: 134316755 · Nantucket, MA · NTEE: T31 · Updated: 2026-03-28

$7.7MRevenue

$29.6MAssets

95/100Mission Score (Excellent)

T31

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.

AI Transparency Report

The Community Foundation For Nantucket demonstrates strong financial health and a consistent commitment to its mission. Over the past decade, the organization has shown significant growth in both revenue and assets, with assets increasing from $3,561,780 in 2014 to $27,172,215 in 2023. This substantial asset growth indicates effective financial management and successful fundraising efforts, building a robust endowment to support future community needs. The foundation consistently reports 0% officer compensation, which is a strong indicator of transparency and a focus on directing resources towards programs rather than executive salaries. While specific program spending percentages are not detailed in the provided data, the absence of officer compensation suggests a lean operational structure at the top.

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.

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

Is Community Foundation For Nantucket a good charity?

Based on the provided data, the Community Foundation For Nantucket appears to be a very good charity. It demonstrates strong financial growth, substantial asset accumulation, and a consistent report of 0% officer compensation, suggesting a high dedication to its mission and efficient use of funds.

How has the organization's financial health changed over time?

The organization's financial health has significantly improved over time. Assets grew from $3,561,780 in 2014 to $27,172,215 in 2023, and revenue has generally trended upwards, indicating robust growth and sustainability.

What is the trend in revenue and expenses?

Revenue has fluctuated but shown an overall upward trend, reaching a peak of $13,013,280 in 2022 before settling at $6,964,101 in 2023. Expenses have also increased over time, generally in proportion to revenue, indicating expanded operations and grantmaking.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$7.0M	$6.1M	$27.2M	$295K	—	View 990
2022	$13.0M	$4.7M	$24.5M	$404K	—	View 990
2021	$10.0M	$4.0M	$23.2M	$467K	—	View 990
2020	$8.3M	$6.0M	$16.9M	$891K	—	—
2019	$6.6M	$3.0M	$14.3M	$932K	—	View 990
2018	$5.0M	$3.8M	$9.1M	$313K	—	View 990
2017	$5.4M	$4.0M	$8.7M	$447K	—	—
2016	$5.5M	$2.7M	$6.8M	$302K	—	View 990
2015	$1.8M	$1.5M	$3.9M	$300K	—	View 990
2014	$2.6M	$2.0M	$3.6M	$221K	—	View 990
2013	$1.9M	$1.1M	$2.9M	$207K	—	View 990
2012	$1.2M	$604K	$1.9M	$852	—	View 990
2011	$875K	$319K	$1.3M	$2K	—	View 990

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.

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.