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Filing year 2024

THE NANTUCKET EDUCATION TRUST INC

Nantucket, Massachusetts·EIN 04-3165556·3
Total revenue
$345k
Total assets
$2.7M
Total expenses
$237k
Reported officers
9
Mission

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.

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Director/bookkeeper
Board Member
25th percentile to median
$5k
$5k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 8 unpaid individuals.

Pay for the position

Board Member pay held roughly steady from 2023 to 2024, while revenue rose 11%.

$5k in 2023 to $5k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Financial trend

Revenue and expenses over time

THE NANTUCKET EDUCATION TRUST INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$310k
$248k
2023
$345k
$237k
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about THE NANTUCKET EDUCATION TRUST INC

What does the Board Member of THE NANTUCKET EDUCATION TRUST INC earn?

In 2024, the Board Member of THE NANTUCKET EDUCATION TRUST INC received $4,800 in total compensation. This pay is below the median (the midpoint) for Board Member roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at THE NANTUCKET EDUCATION TRUST INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Board Member at THE NANTUCKET EDUCATION TRUST INC falls between the 25th percentile and the median.

What are THE NANTUCKET EDUCATION TRUST INC's revenue and expenses?

In 2024, THE NANTUCKET EDUCATION TRUST INC reported $345k in total revenue and $237k in total expenses on its IRS Form 990.

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