Overview
What is The Nantucket Education Trust Inc?
The Nantucket Education Trust Inc is a nonprofit organization situated in Nantucket, Massachusetts. Its primary mission is to foster private and public partnerships that benefit the children of Nantucket's public schools, while also generating private support for education on the island. One of their key initiatives involves managing twelve rental housing units specifically designed for teachers and school staff, providing them with affordable living accommodations. Additionally, the trust recognizes and honors excellence in teaching and learning, further supporting the educational community on Nantucket.
Official website here: www.nantucketeducationtrust.org
Is The Nantucket Education Trust Inc legitimate?
The Nantucket Education Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Nantucket Education Trust Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nantucketeducationtrust.org
What is the mission statement of The Nantucket Education Trust Inc?
The Nantucket Education Trust's mission is centered around three key objectives. Firstly, it aims to secure private funding for public education within the community. Secondly, the trust works towards fostering collaborative relationships between private and public sectors, with the primary goal of benefiting the children in the local public school system. Lastly, it honors excellence in teaching and learning by recognizing and celebrating outstanding educators.
Official website here: www.nantucketeducationtrust.org
What is the revenue of The Nantucket Education Trust Inc?
The Nantucket Education Trust Inc's revenue in 2024 was $344,695.
Official website here: www.nantucketeducationtrust.org
Who are the executives of The Nantucket Education Trust Inc and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.nantucketeducationtrust.org
Where can I find the form 990 for The Nantucket Education Trust Inc?
The Nantucket Education Trust Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.nantucketeducationtrust.org
Learn more at the official website: www.nantucketeducationtrust.org
Mission Statement of The Nantucket Education Trust Inc
The Nantucket Education Trust, a notable organization, has a three-fold mission. Its primary objective is to generate private support for public education on Nantucket. This involves rallying resources from the private sector to enhance the educational opportunities for children in the local public schools.
Beyond fundraising, the Trust also aims to foster partnerships between private and public entities. These collaborations are designed to benefit the students of the Nantucket Public Schools, demonstrating a strong commitment to the community's educational future.
The third aspect of The Nantucket Education Trust's mission is to honor excellence in teaching and learning. This is achieved through recognizing and celebrating the dedicated educators who contribute to the students' intellectual and personal growth.
Additionally, the Trust has taken a hands-on approach to support the educators and school staff by building and maintaining 12 rental housing units. This initiative aims to alleviate housing challenges, ensuring that talented individuals are not deterred from serving in the educational sector due to housing constraints.
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Impact
October, 2024
The Nantucket Education Trust Inc significantly enhances the educational landscape of Nantucket through its commitment to public education. By generating private support, it bridges funding gaps, ensuring that students receive the resources and opportunities necessary for a quality education. The Trust's emphasis on fostering partnerships between private entities and public schools cultivates a collaborative environment, benefiting both students and educators.
Moreover, the initiative to build and maintain rental housing units specifically for teachers and school staff addresses a critical need in the community, helping to attract and retain quality educators. This direct investment in human resources is vital for sustaining educational excellence on the island. Additionally, by honoring achievements in teaching and learning, the Trust promotes a culture of recognition and motivation among educators, further enriching the educational experience for students. Ultimately, the Nantucket Education Trust Inc plays a pivotal role in shaping a brighter future for the children of Nantucket.
This information is meant to be a general summary of The Nantucket Education Trust Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $16,571
- Program Service Revenue: $319,925
- Gross Receipts: $386,945
Assets and Liabilities:
- Total Assets: $2,549,512
- Total Liabilities: $1,725,189
- Net Assets: $824,323
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$319,925
Organization Details
Founding Year
1992
Principal Officer
John Riccio
NTEE Category
Code: B90 - Education
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