Share |
Organization DBA --
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years No

Summary

--

Mission StatementMORE »

 The Community Foundation for Nantucket connects people who care to causes that matter to them by providing simple, powerful and creative ways to give back to the community to ensure Nantucket's vitality now and forever.

Mission Statement

 The Community Foundation for Nantucket connects people who care to causes that matter to them by providing simple, powerful and creative ways to give back to the community to ensure Nantucket's vitality now and forever.

FinancialsMORE »

Fiscal Year Jan 01, 2015 to Dec 31, 2015
Projected Income $350,000.00
Projected Expense $310,000.00

ProgramsMORE »

  • Charitable Funds
  • Human Services Initiative

Revenue vs. Expense ($000s)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview

Mission Statement

 The Community Foundation for Nantucket connects people who care to causes that matter to them by providing simple, powerful and creative ways to give back to the community to ensure Nantucket's vitality now and forever.

Background Statement

We are a Community Foundation whose mission is to connect people who care with causes that matter to them on Nantucket. Established in 2006, we have provided financial and other support for local nonprofits, and encouraged philanthropy island-wide. Volunteer based until a part-time Executive Director was hired in 2008, CFNan has accomplished a great deal, primarily in support of Nantucket nonprofits. CFNan is uniquely poised to maintain a broad based view of all local nonprofits, and we are currently spearheading a community-wide study in the area of Human Services, with the focus on identifying a more effective and efficient system of service delivery to Nantucket residents

Impact Statement

.The Community Foundation for Nantucket is in its early stages of development, but is already reaching beyond the traditional Community Foundation role as a funding source to become a catalyst for change on Nantucket. In March of 2010, CFNan was notified that the Nantucket Rental Assistance Program had depleted their resources for the year, and would be unable to provide assistance until July 1st. CFNan immediately launched a widely advertised campaign with an anonymous donor willing to match every dollar given to the rental program up to $2,500. The campaign was so successful the program received more than $6,000, allowing it to continue to help islanders until a new round of fiscal funding became available. The campaign also shed needed light on the Island's rental housing problem and the often unknown life issues of fellow residents.  We had an equally successful matching campaign in 2011, resulting in over $8000 in grants to Palliative &  Supportive Care of Nantucket.  We have increased the number of funds administered since 2008 from 7 to 28, and assets under management now total over $1.5 million.

Needs Statement

Nantucket Island is a resort community where some of the country's most wealthy come to vacation. The perception has always been that the community is a wealthy one, even in the off-season,and that those who have significant resources support those who do not. During the past several years, with the downturn in the economy, Nantucket has suffered from record breaking unemployment, quadrupling since 2007. (In February 2010, Nantucket unemployment reached 17% compared to the state's 10%). At the same time, a significant number of Nantucketers are self-employed, and therefore do not qualify for benefits if they have no work. Year-round residents, even generational Nantucketers, are leaving the Island in alarming numbers, unable to afford the extremely high cost of living. Federal, State and local funding sources are diminishing, and philanthropy from seasonal residents and visitors is decreasing at the same time. The Town of Nantucket has recently proposed several changes in their structure, including eliminating the Department of Human Services as of June 30, 2011. Nantucket has been very fortunate over the years to have significant financial support from the Town toward human services, but this development makes ongoing support uncertain at best.


CEO Statement

The Community Foundation for Nantucket has seen a dramatic increase in community exposure and understanding in the past year, and we are proud of the various and creative ways we have been able to help the community.  We truly do make it easy to care for Nantucket.

Board Chair Statement

While serving on the Nantucket Arts Council  and the Habitat for Humanity boards, I observed 1)  the sheer number of non-profits on Nantucket and 2)the difficulty they all have in fund-raising, except for the five or six that the wealthy seasonal residents have gravitated to.  These "big" nonprofits, with the exception of the local hospital, do not include human services nonprofits.  I saw an opportunity with the Community Foundation to assist all island nonprofits, not just one or two, with my business management skill set, and perhaps assist in reducing the number of them via cooperation, collaboration, and consolidation.  The end result would be better services at less cost. 

Geographic Area Served

CAPE &ISLANDS REGION, MA

The Community Foundation serves Nantucket Island, Massachusetts

Organization Categories

  1. Philanthropy,Voluntarism & Grantmaking Foundations - Community Foundations
  2. -
  3. -

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)

No

Programs

Charitable Funds

 

A gift of $10,000 or more can establish your named fund at the Community Foundation for Nantucket. The income from these funds is distributed annually as grants and scholarships, supporting the nonprofit organizations and causes that mean the most to you.

Donor advised fundsoffer the greatest flexibility and encourage donors to play an ongoing role by recommending grants to charitable organizations.

 

  • Donors who wish to support specific program initiatives, causes or geographic areas often elect to establish afield of interest fund.Giving circles are a perfect example of this.
  • Adesignated fund,which can provide ongoing support to a favorite agency or charitable cause. If the designated charity ceases to exist, we honor donor intent by selecting alternative nonprofit agencies providing similar services.
  • Anorganization fundcan allow a nonprofit organization to invest its operational assets and house its endowed monies so the organization will be protected for future needs.
  • Donors can establishscholarship fundsto benefit students at all educational levels.

 

 
Budget  $0.00
Category  Philanthropy, Voluntarism & Grantmaking, General/Other
Population Served General/Unspecified
Program Short-Term Success 
We have increased the number of funds under management since 2008 from 7 to 33.
Program Long-Term Success 
The Community Foundation is committed to improving the quality of life on Nantucket by increasing philanthropy of all kinds.
Program Success Monitored By 
CFNan Executive Director and Board of Trustees
Examples of Program Success 
We have established 5 new Funds in 2012 - 3 Field of Interest Project Funds, a Donor Advised Fund and a significant Scholarship Fund.

Human Services Initiative

In 2009, the Community Foundation committed to a Human Services Initiative aimed at helping the local Human Service providers coordinate care, reduce redundancies and eliminate gaps in service.  CFNan hired a consultant for this project,and through his efforts we were able to produce Provider Directories which included over 50 individual providers, grouped by type of services available to clients.  These directories are available on ou website, as well as in every Human Service provider's office on Nantucket.  The next step in this initiative is to promote an Asset Based Community Development (ABCD) initiative to identify existing community resources to address existing community issues and concerns.
Budget  $25,000.00
Category  Mutual, Membership Benefit, General/Other
Population Served General/Unspecified
Program Short-Term Success 
As of 2011, each Human Service provider had access to directories listing all providers of service to Nantucket residents.
Program Long-Term Success 
Hopefully this effort will result in better coordination of Human Services on Nantucket.
Program Success Monitored By 
The Community Foundation, in cooperation with the Nantucket Healthy Community Collaborative, continues to discuss ways in which we can ensure the needs of Nantucketers are being met effectively.
Examples of Program Success 
There are no statistics available to affirm the effectiveness of this initiative, but providers feel that the effort was very positive, and look forward to working together as groups of providers more in the future.

CEO/Executive Director/Board Comments

Our biggest challenge as a Board is to raise the money to cover the expenses of operating the Foundation.   The small administrative fee we charge of 1% for the Funds we administer, covers less than 10% of our costs.  We need to overcome the perception of donors and grantees that making a donation "made payable to the Community Foundation" also supports our operating costs.

Management


CEO/Executive Director Ms. Margaretta Stabler Andrews
CEO Term Start Oct 2008
CEO Email [email protected]
CEO Experience
Over 30 years of nonprofit Board and Committee experience, including 7 years as the Chair of the Nantucket Cottage Hospital Board of Trustees.  Participation in a wide variety of Community initiatives and activities.
Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
-- -- --

Senior Staff

Name Title Experience/Biography
-- -- --

Awards

Award Awarding Organization Year
-- -- --

Affiliations

Affiliation Year
-- --
Member of state association of nonprofits? Yes
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --

Collaborations

As a Community Foundation, we collaborate on community issues with every other Nantucket 501c3 - there are approximaetly 110 charities on Nantucket.

CEO/Executive Director/Board Comments

--

Foundation Comments

--

Staff Information

Number of Full Time Staff 0
Number of Part Time Staff 2
Number of Volunteers 0
Number of Contract Staff 0
Staff Retention Rate % --

Staff Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 2
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): 0
Gender Female: 2
Male: 0
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? Under Development
Years Strategic Plan Considers N/A
Management Succession Plan No
Business Continuity of Operations Plan No
Organization Policies And Procedures Yes
Nondiscrimination Policy Under Development
Whistle Blower Policy No
Document Destruction Policy Yes
Directors and Officers Insurance Policy Yes
State Charitable Solicitations Permit Exempt
State Registration Exempt

Risk Management Provisions

Commercial General Liability and D and O and Umbrella or Excess and Automobile and Professional

Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency No N/A
Senior Management Formal Evaluation and Frequency N/A N/A
Non Management Formal Evaluation and Frequency N/A N/A

Governance


Board Chair Mr. Phillip F Stambaugh
Board Chair Company Affiliation Cape Cod Five Cents Savings Bank
Board Chair Term July 2014 - June 2015
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Mr. Jim Bennett Community Volunteer Voting
Ms Marsha Egan Community Volunteer Voting
Sen. William Frist M.D. Community Volunteer Voting
Mr Joseph Hale community volunteer Voting
Ms. Robin Harvey Community Volunteer Voting
Ms. Ellen Hoeffel community volunteer Voting
Rev. Gary Klingsporn Community Volunteer Voting
Ms Marsha Kotalac community volunteer --
Ms. Griselda Lyman Community Volunteer Voting
Mr. Thomas Maggs community volunteer Voting
Ms. Victoria McManus community volunteer Voting
Ms. Susan Ottison community volunteer Voting
Ms. Magdalena Padzik community volunteer Voting
Ms. Melissa Philbrick Community Volunteer Voting
Mr. Geoffrey Smith community volunteer Voting
Mr. Phillip Stambaugh community volunteer Voting
Mr. Geoffrey Verney Community Volunteer Voting

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
Ms' Ann Colgrove community vounteer NonVoting
Mr. Daniel Drake community volunteer NonVoting
Mr. Robert Felch community vounteer NonVoting
Mrs. Peggy Gifford community volunteer NonVoting
Mr. Wade Greene community volunteer NonVoting
Miss Eileen McGrath community vounteer NonVoting
Mr. Richard Oman community volunteer NonVoting
Mr. John Penrose community volunteer NonVoting
Mrs. Lynn Petrasch community volunteer NonVoting
Mrs. Mimi Young community volunteer NonVoting

Board Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 18
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): 0
Gender Female: 9
Male: 9
Not Specified 0

Board Information

Board Term Lengths 3
Board Term Limits 2
Board Meeting Attendance % 75%
Written Board Selection Criteria No
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions --
Constituency Includes Client Representation No

Standing Committees

  • Board Development / Board Orientation
  • Communications / Promotion / Publicity / Public Relations
  • Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
  • Distributions / Grant Making
  • Executive
  • Finance

CEO/Executive Director/Board Comments

--

Foundation Comments

--

Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

Fiscal Year Jan 01, 2015 to Dec 31, 2015
Projected Income $350,000.00
Projected Expense $310,000.00
Form 990s

2014 990

2013 990

2012 990

2011 990

2010 990

2009 990

Audit Documents

2014 Audit

2013 Audit

2012 Audit

2011 Audit

2010 Review

2009 Review

IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2014 2013 2012
Total Revenue $2,706,822 $1,788,517 $1,224,625
Total Expenses $2,009,361 $1,061,187 $604,169

Prior Three Years Revenue Sources

Fiscal Year 2014 2013 2012
Foundation and
Corporation Contributions
-- -- --
Government Contributions $0 $0 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- -- --
Individual Contributions $2,432,086 $1,497,894 $1,100,271
Indirect Public Support -- -- --
Earned Revenue -- $25,088 $19,518
Investment Income, Net of Losses $110,105 $202,521 $88,627
Membership Dues -- -- --
Special Events -- -- --
Revenue In-Kind -- -- --
Other $164,631 $63,014 $16,209

Prior Three Years Expense Allocations

Fiscal Year 2014 2013 2012
Program Expense $1,893,162 $942,846 $509,539
Administration Expense $86,716 $75,957 $58,983
Fundraising Expense $29,483 $42,384 $35,647
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 1.35 1.69 2.03
Program Expense/Total Expenses 94% 89% 84%
Fundraising Expense/Contributed Revenue 1% 3% 3%

Prior Three Years Assets and Liabilities

Fiscal Year 2014 2013 2012
Total Assets $3,561,780 $2,850,231 $1,917,130
Current Assets $1,246,954 $2,703,673 $1,912,239
Long-Term Liabilities $0 $0 $0
Current Liabilities $220,711 $206,623 $852
Total Net Assets $3,341,069 $2,643,608 $1,916,278

Prior Three Years Top Three Funding Sources

Fiscal Year 2014 2013 2012
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value $350,000.00
Spending Policy Percentage
Percentage(If selected) 4.0%
Credit Line No
Reserve Fund No
How many months does reserve cover? 0.00

Capital Campaign

Are you currently in a Capital Campaign? No
Capital Campaign Purpose --
Campaign Goal $0.00
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? --

Short Term Solvency

Fiscal Year 2014 2013 2012
Current Ratio: Current Assets/Current Liabilities 5.65 13.09 2,244.41

Long Term Solvency

Fiscal Year 2014 2013 2012
Long-term Liabilities/Total Assets 0% 0% 0%

CEO/Executive Director/Board Comments

--

Foundation Comments

Financial summary data in the charts and graphs above are per the organization's audited financials.  Contributions from foundations and corporations are listed under individuals when the breakout was not available.

Documents


Other Documents

No Other Documents currently available.

Impact

The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.


1. What is your organization aiming to accomplish?

--

2. What are your strategies for making this happen?

--

3. What are your organization’s capabilities for doing this?

--

4. How will your organization know if you are making progress?

--

5. What have and haven’t you accomplished so far?

--