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

Summary

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Mission StatementMORE »

 

Our mission is to strengthen Nantucket now and for future generations through informed philanthropy and community leadership.

In pursuit of this mission we act as a:

Steward – by creating and managing funds to ensure a legacy for charitable solutions

Grant Maker – by awarding grants through the Nantucket Fund™ and donor-directed funds that respond to pressing needs

Charitable Resource – by maintaining in-depth knowledge of the non-profit sector, and by providing resources for donors, non-profits, and the community

Catalyst – by mobilizing community leadership to affect collaborative solutions for Nantucket’s most critical issues

Mission Statement

 

Our mission is to strengthen Nantucket now and for future generations through informed philanthropy and community leadership.

In pursuit of this mission we act as a:

Steward – by creating and managing funds to ensure a legacy for charitable solutions

Grant Maker – by awarding grants through the Nantucket Fund™ and donor-directed funds that respond to pressing needs

Charitable Resource – by maintaining in-depth knowledge of the non-profit sector, and by providing resources for donors, non-profits, and the community

Catalyst – by mobilizing community leadership to affect collaborative solutions for Nantucket’s most critical issues


FinancialsMORE »

Fiscal Year Jan 01, 2017 to Dec 31, 2018
Projected Income $556,060.00
Projected Expense $472,990.00

ProgramsMORE »

  • Charitable Funds

Revenue vs. Expense ($000s)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

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


Overview

Mission Statement

 

Our mission is to strengthen Nantucket now and for future generations through informed philanthropy and community leadership.

In pursuit of this mission we act as a:

Steward – by creating and managing funds to ensure a legacy for charitable solutions

Grant Maker – by awarding grants through the Nantucket Fund™ and donor-directed funds that respond to pressing needs

Charitable Resource – by maintaining in-depth knowledge of the non-profit sector, and by providing resources for donors, non-profits, and the community

Catalyst – by mobilizing community leadership to affect collaborative solutions for Nantucket’s most critical issues


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, CFN has accomplished a great deal, primarily in support of Nantucket nonprofits. The Foundation had grown significantly in the past few years, and now has a staff of 3 1/2 FTEs.  CFN is uniquely positioned to maintain a broad based view of all local nonprofits, and continues to award community grants to those organizations whose programs and services most closely align with the community needs identified below.

Impact Statement

The Community Foundation's primary focus continues to be grant making in support of our local nonprofits.  To that end, we award grants annually through the Nantucket Fund.  Through the organization's first ten grant cycles, over $650,000 has been awarded through this fund, and we are hoping to begin to endow the fund to ensure future support.
 
 We see a Nantucket where everyone, equally and inclusively,
  • has a place to call home,
  • has support when coping with personal struggles,
  • knows their children are safe and active during the work day,
  • can rely on year-round, affordable public transportation,
  • and may age gracefully with trust in the services they need and deserve.

Needs Statement

The Community Foundation has gathered thought leaders together for several years to discuss the most significant needs of the Nantucket community, and to ask for their help in prioritizing those needs.

 
For the past two years the areas below have risen to the top of this list:
   Access to Affordable Work Force Housing
   Behavioral Health and Substance Use Disorders
   Affordable Child Care
   Year-round Public Transportation
   Care for Elders
 

CEO Statement

The Community Foundation for Nantucket has seen a dramatic increase in community exposure and understanding in our first ten years, and we are proud of the various and creative ways we have been able to help the community.  Our assets have grown exponentially, as has our grant making, and we look forward to the next ten years to determine how best to support Nantucket.

Board Chair Statement

The Community Foundation for Nantucket has experienced significant growth in the last few years in terms of asset size, grant-making, and staffing. We have been fortunate to grow our unrestricted community grant vehicle, the Nantucket Fund and to increase our visibility by convening community leadership to help us align our grant-making with the critical needs and we are proud of our progress. Funding our own operations is one of our biggest challenges and both our board and staff work hard to cultivate our donor base and keep them connected to our work. Planning for sustainability of our operations is a key focus of our board's strategy. This is not just a matter of funding but also ensuring that we represent our community in an inclusive and collaborative manner on our committees, on our board and in our offices and ultimately in our grant making.    Every year when I review our grants, I become more passionate about our work and look forward to expanding our friends and family....


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 funds offer 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 a field of interest fund. Giving circles are a perfect example of this.
  • A designated fund can provide ongoing support to a favorite nonprofit organization(s). If the designated charity ceases to exist, we honor donor intent by selecting alternative nonprofit(s) providing similar services.
  • An organization fund can 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 establish scholarship funds to 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 90.
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 now manage 44 Donor Advised and Designated Funds for individuals and organizations, helping them to coordinate their philanthropy on Nantucket and elsewhere.  We also hold 26 Field of Interest Partner and Project Funds, assisting groups who are working on short or long term community initiatives.  14 Scholarship Funds award annual grants to Nantucket graduates and community members to offset the costs associated with ongoing educational pursuits, and 4 Organizations Funds provide investment opportunities to our local nonprofits.  We are always looking for ways to provide ongoing support for our Island, and through the Nantucket Fund, through which we award Community Grants at the discretion of our Board of Trustees, have given grants totaling over $650,000 in the past 10 years.

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 for the Funds we administer covers less than 25% of our costs.  We need to clarify to donors and grantees that making a donation "made payable to the Community Foundation" for a component fund does not directly support 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 Massachusetts Nonprofit Network

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 approximately 110 charities on Nantucket.  Currently we are partnering with Nantucket Cottage Hospital on a community initiative which will support local nonprofits with $4.25 million in grants over the next 5 years.

CEO/Executive Director/Board Comments

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Foundation Comments

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Staff Information

Number of Full Time Staff 3
Number of Part Time Staff 1
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: 4
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): 0
Gender Female: 4
Male: 0
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? Yes
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 Yes
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 Yes Annually
Senior Management Formal Evaluation and Frequency N/A N/A
Non Management Formal Evaluation and Frequency Yes Annually

Governance


Board Chair Ms. Victoria McManus
Board Chair Company Affiliation The Greenbriar Companies
Board Chair Term Aug 2016 - Sept 2017
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Ms Marsha Egan Community Volunteer Voting
Mr. Robert Felch Community Volunteer Voting
Mr. Andrew Forsyth Community Volunteer Voting
Sen. William Frist M.D. Community Volunteer Voting
Ms. Ellen Hoeffel community volunteer Voting
Mr. Tucker Holland Community Volunteer Voting
Rev. Gary Klingsporn Community Volunteer Voting
Ms Marsha Kotalac community volunteer Voting
Ms. Griselda Lyman Community Volunteer Voting
Ms. Victoria McManus community volunteer Voting
Ms. Susan Ottison community volunteer Voting
Ms. Melissa Philbrick Community Volunteer Voting
Ms. Magdalena Reid community volunteer Voting
Mr. Geoffrey Smith community volunteer Voting
Mr. Robert Tichio Community Volunteer Voting
Mr. Geoffrey Verney Community Volunteer Voting
Ms. Cathy Ward Community Volunteer Voting

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
-- -- --

Board Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 17
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): 0
Gender Female: 9
Male: 8
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

  • Distributions / Grant Making
  • Executive
  • Finance

CEO/Executive Director/Board Comments

As many nonprofits do, we continue to struggle with finding committed Trustees who are reflective of our community.  Our Governance Committee strives to reach out to individuals in what has become a vibrant and diverse community, and has had limited success in bringing a variety of voices to our table.

Foundation Comments

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Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

Fiscal Year Jan 01, 2017 to Dec 31, 2018
Projected Income $556,060.00
Projected Expense $472,990.00
Form 990s

2016 990

2015 990

2014 990

2013 990

2012 990

2011 990

2010 990

2009 990

Audit Documents

2016 Audit

2015 Audit

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 2016 2015 2014
Total Revenue $5,616,288 $1,826,004 $2,706,822
Total Expenses $2,757,010 $1,554,895 $2,009,361

Prior Three Years Revenue Sources

Fiscal Year 2016 2015 2014
Foundation and
Corporation Contributions
-- -- --
Government Contributions $0 $0 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- -- --
Individual Contributions $5,320,685 $1,768,505 $2,432,086
Indirect Public Support -- -- --
Earned Revenue -- -- --
Investment Income, Net of Losses $125,229 $-1,783 $110,105
Membership Dues -- -- --
Special Events -- -- --
Revenue In-Kind $36,000 $34,260 --
Other $134,374 $25,022 $164,631

Prior Three Years Expense Allocations

Fiscal Year 2016 2015 2014
Program Expense $2,538,328 $1,410,329 $1,893,162
Administration Expense $137,701 $108,295 $86,716
Fundraising Expense $80,981 $36,271 $29,483
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 2.04 1.17 1.35
Program Expense/Total Expenses 92% 91% 94%
Fundraising Expense/Contributed Revenue 2% 2% 1%

Prior Three Years Assets and Liabilities

Fiscal Year 2016 2015 2014
Total Assets $6,773,955 $3,912,074 $3,561,780
Current Assets $2,160,717 $1,686,656 $1,246,954
Long-Term Liabilities $0 $0 $0
Current Liabilities $302,499 $299,896 $220,711
Total Net Assets $6,471,456 $3,612,178 $3,341,069

Prior Three Years Top Three Funding Sources

Fiscal Year 2016 2015 2014
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value $932,964.00
Spending Policy Percentage
Percentage(If selected) 5.0%
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? Yes

Short Term Solvency

Fiscal Year 2016 2015 2014
Current Ratio: Current Assets/Current Liabilities 7.14 5.62 5.65

Long Term Solvency

Fiscal Year 2016 2015 2014
Long-term Liabilities/Total Assets 0% 0% 0%

CEO/Executive Director/Board Comments

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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?

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2. What are your strategies for making this happen?

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

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

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

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