Nantucket Shellfish Association INC EIN 06-1684351

Nantucket Shellfish Association INC

EIN  06-1684351 Public charity (501(c)(3)) Nantucket, MA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Studies and teaches how to conserve and improve shellfish in Nantucket's waters.
Leadership
Samantha Denette · Executive Di · $60K
Money in and out
$419K revenue, $391K expenses
Bottom line
26% program efficiency

Studies and teaches how to conserve and improve shellfish in Nantucket's waters. For fiscal year 2024 it reported $419K in revenue, $391K in expenses, and $691K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$419K
Pt VIII · Ln 12
Total expenses
$391K
Pt IX · Ln 25
Net assets
$691K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $28K
Where spending went · Part IX cols B–D
Program services $0.26 Management & general $0.69 Fundraising $0.05
Program efficiency
26%
of spending reaches programs▼ -41% vs prior filing year
Operating runway
21.4mo
months of highly liquid reserves at operating expense rate▼ -37% vs prior filing year
Surplus margin
+7%
revenue over expenses, this year▼ -82% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$419K
FY2024▲ +12%
Expenses
$391K
FY2024▲ +66%
Total assets
$715K
FY2024▲ +7%
Total liabilities
$24K
FY2024▲ +445%
Total revenue
$419K
Pt VIII · Ln 12
Total expenses
$391K
Pt IX · Ln 25
Net assets
$691K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$28K
Total assetsPt X · Ln 16$715K
Program-expense ratioPt IX · col B26%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 419
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

Shellfish propagation and management research

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNantucket Shellfish Association INC
EINHdr · item D06-1684351
Principal addressHdr · item CNantucket, MA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFScience & Technology (U42)
Ruling yearIRS BMFDec 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1b19
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$60,000Pt VII · Sec A
Co-President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Samantha Denette’s $60K as Executive Di is at the 43rd percentile of top reported officer pay among 310 $100K–1M science & technology nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Samantha Denette$60,000$110,000$79,800

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$320K · 76%
Other revenue$78K · 19%
Investment income$21K · 5%
Contributions & grants76%$320K
Other revenue19%$78K
Investment income5%$21K
Total revenueLn 12$419K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.26 Management & general $0.69 Fundraising $0.05
Program services26%$101K
Management & general69%$271K
Fundraising5%$19K
Total functional expensesLn 25$391K

Balance Sheet

Part X · end of year
CashLn 1$698K
Total assetsLn 16$715K
Total liabilitiesLn 26$24K
Total net assetsLn 32$691K
Months of cash on handcomputed21.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $698K · Operating expenses/yr $391K
21.4 months
Where the money goes
Program services
Program services $101K · Total expenses $391K
26%
Management & General
Management & general $271K · Total expenses $391K
69%
Fundraising
Fundraising $19K · Total expenses $391K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $36K · Solicited contributions (3-yr avg) $280K
$0.13 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $320K · Total revenue $419K
76%
Government reliance
Government grants — · Total revenue $419K
Earned-income share
Program service revenue $0 · Total revenue $419K
0%
Investment reliance
Investment income $21K · Total revenue $419K
+5%
Program self-sufficiency
Program service revenue $0 · Total expenses $391K
0%
Growth & trend
Revenue growth (YoY)
This year $419K · Prior year $373K
+12%
Revenue CAGR
FY2020 $124K · FY2024 $419K
+36%
Net-asset trend (YoY)
End of year $691K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $419K · Expenses $391K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $715K
Net-asset ratio
Net assets $691K · Total assets $715K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $715K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Samantha Denette · Reported title EXECUTIVE DI · Highest reported compensation $60K · Total expenses $391K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $77K · Total expenses $391K
20%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 26%
Overhead ratio 69%
Fundraising cost ratio 6%
Revenue growth 12%
Legal fee ratio 0%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$31K
Grants paid · 5 grants · $110K · 2021–2024
Unitemized GrantFY2024$61,992
Unitemized GrantFY2023$22,032
Unitemized GrantFY2023$7,500
Unitemized GrantFY2022$8,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$419K revenue · viewing · ⤓ 990 PDF
FY2023$373K revenue · ⤓ 990 PDF
FY2022$265K revenue · ⤓ 990 PDF
FY2021$211K revenue · ⤓ 990 PDF
FY2020$124K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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