The Nantucket Education Trust Inc

NANTUCKET, MA EIN: 04-3165556 Website

NANTUCKET EDUCATION TRUST (NET) IS AN AUTONOMOUS ORGANIZATION WITH ITS OWN BY-LAWS AND BOARD OF DIRECTORS. ROOTED IN A COMMUNITY DISTINGUISHED BY ITS UNIQUE HISTORY AND SETTING, NET'S MISSION IS: TO ENHANCE EDUCATIONAL OPPORTUNITIES ON THE TOWN OF NANTUCKET BY MOBILIZING PRIVATE SECTOR RESOURCES AND EXPERTISE; TO FOSTER ALLIANCES AMONG BUSINESS, COMMUNITY AND SCHOOL INTERESTS, AND TO SERVE AS A CATALYST FOR PUBLIC AND PRIVATE PARTNERSHIPS THAT BENEFIT EDUCATION; TO PROMOTE THE EXCHANGE OF IDEAS AMONG ISLAND SCHOOLS AS WELL AS THOSE FROM OTHER COMMUNITIES; TO SUPPORT PROGRAMS THAT HONOR EXCELLENCE IN TEACHING AND LEARNING. NET CONTINUOUSLY SEEKS NEW WAYS TO SUPPORT EXISTING INITIATIVES AS WELL AS EXPLORE STRATEGIES FOR PROMOTING LASTING, SYSTEM-WIDE IMPROVEMENTS. IT IS THE ORGANIZATION'S GOAL TO TAP NEW SOURCES THAT CAN ASSIST TEACHERS AND STUDENTS, WHILE CONCURRENTLY IMPLEMENTING MORE EFFECTIVE SCHOOL PROGRAMS.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.7M

+4.1% YoY

Annual Giving

$9K

+40.2% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$9K

+40.2% YoY

About The Nantucket Education Trust Inc

Based on IRS filings

The Nantucket Education Trust Inc is a nonprofit organization, based in NANTUCKET, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 1 grants totaling $9K. Net investment income was $24K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $16K (100%)

States

Massachusetts

Cities

Nantucket

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,739,939	$2,632,062	$2,549,512
Revenue	$344,695	$309,647	$327,629
Expenses	$237,331	$248,492	$222,005
Qualifying Distributions	—	—	—
Net Investment Income	$24,321	$4,163	$16,229
Distributable Amount	—	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

2 grants across all recorded years

Open Grants

1 open opportunity from The Nantucket Education Trust Inc

Foundation

Grant Proposals (General Educational Grants)

THE NANTUCKET EDUCATION TRUST INC

Amount

Varies

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Our House Nantucket ($9,113).

Recipient	Purpose	Amount
OUR HOUSE NANTUCKET NANTUCKET, MA	CLASSROOM AND EXTRACURRICULAR PROJECTS	$9,113

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MARTIN ANGUELOV	DIRECTOR/BOOKKEEPER	1	$4,800
HADLEY DUTRA	PRESIDENT	1	—
ELIZABETH HALLETT	VICE PRESIDENT	1	—
JOHN RICCIO	TREASURER	1	—
ALICIA GRAZIADEI	CLERK	1	—
MARIE LEMBERG	DIRECTOR	1	—
MEG BROWERS	DIRECTOR	1	—
SHANTAW BLOISE-MYRPHY	DIRECTOR	1	—
LAURA GALLAGHER-BYRNE	DIRECTOR	1	—

Frequently Asked Questions

How large is The Nantucket Education Trust Inc?

As of 2024, The Nantucket Education Trust Inc holds $2.7M in total assets with $345K in annual revenue. It awarded 1 grants totaling $9K in 2024.

Where does The Nantucket Education Trust Inc operate?

The Nantucket Education Trust Inc has awarded grants in Massachusetts.

What size grants does The Nantucket Education Trust Inc award?

In 2024, The Nantucket Education Trust Inc awarded 1 grants totaling $9K — an average of about $9K per grant, based on its IRS Form 990 filings.

What is The Nantucket Education Trust Inc's EIN?

The Nantucket Education Trust Inc's EIN (Employer Identification Number) is 04-3165556. IRS Form 990 filing data is available on this page for 2020–2024.