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Arts, Culture, Humanities : Libraries, Historical Societies and Landmark Preservation

Nantucket Atheneum

Enriching Island Life Year-Around

three stars

88.49

1 India Street P.O. Box 808
Nantucket, MA 02554
tel: (508) 228-1110   Web Site
EIN: 04-2104412

Board Leadership
Joan L. Gulley
Chair

CEO
Molly Anderson
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 88.49 three stars
  Financial 85.32 three stars
  Accountability & Transparency 93.00 four stars
This rating was published 08/01/2019 and includes data from FY2018, the most recent 990 received at that time.

The Nantucket Atheneum provides public library service to the island's year-round and seasonal residents, housed in a historic 1847 building and the Weezie Library for Children. The Atheneum collects, organizes and disseminates books, literature and other materials in a variety of formats to help users of all ages meet their recreational, personal, professional and intellectual needs. In keeping with its heritage, the Atheneum also serves as a cultural center for the Nantucket community by sponsoring educational programming and maintaining special collections related to the history and culture of the island.

The Nantucket Atheneum provides public library service to the island's year-round and seasonal residents, housed in a historic 1847 building and the Weezie Library for Children. The Atheneum collects, organizes and disseminates books, literature and other materials in a variety of formats to help users of all ages meet their recreational, personal, professional and intellectual needs. In keeping with its heritage, the Atheneum also serves as a cultural center for the Nantucket community by sponsoring educational programming and maintaining special collections related to the history and culture of the island.

Impact Information

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Financial

three stars

85.32

Accountability & Transparency

four stars

93.00

This rating was published 08/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
70.4%
  Administrative Expenses 13.4%
  Fundraising Expenses 16.0%
  Fundraising Efficiency $0.17
  Working Capital Ratio (years) 6.43
  Program Expenses Growth 6.0%
  Liabilities to Assets 0.2%
All data for Financial Performance Metrics calculations was provided by Nantucket Atheneum on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Nantucket Atheneum on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Nantucket Atheneum (MA) 88.49 three stars
The Free Library of Philadelphia (PA) 86.21 three stars
Louisville Free Public Library Foundation (KY) 87.11 three stars
Chicago Public Library Foundation (IL) 93.56 four stars
Westerly Public Library and Wilcox Park (RI) 86.29 three stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,353,894
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $643,235
   Related Organizations $0
   Government Grants $728,428
Total Contributions $3,725,557
   Program Service Revenue $23,763
Total Primary Revenue $3,749,320
   Other Revenue $1,093,165
TOTAL REVENUE $4,842,485
   
EXPENSES  
   Program Expenses $2,060,303
   Administrative Expenses $362,611
   Fundraising Expenses $483,412
TOTAL FUNCTIONAL EXPENSES $2,906,326
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,936,159
   
Net Assets $23,916,008

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Operation of a Public Library $2,060,303 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-06 08/01/2019 88.49 three stars
2017-06 08/01/2018 88.11 three stars
2016-06 03/01/2018 89.17 three stars
2016-06 12/01/2017 86.97 three stars
2015-06 12/01/2016 89.45 three stars
2015-06 11/01/2016 87.20 three stars
2014-06 06/01/2016 90.63 four stars
 
CN 2.0
2014-06 09/01/2015 91.09 four stars
2013-06 12/01/2014 91.80 four stars
2013-06 11/01/2014 90.42 four stars
2012-06 09/01/2013 92.61 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 04-2104412
Name in IRS Master File NANTUCKET ATHENEUM
NTEE Code [Not Provided by IRS]
NTEE Classification [Not Provided by IRS]
NTEE Type [Not Provided by IRS]
Classification Literary Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (61) Library
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date December, 1943
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
Compensation % of Expenses Paid to Title
$170,732 5.87% Molly Anderson Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Nantucket Atheneum (MA) 88.49 three stars
The Seattle Public Library Foundation (WA) 96.11 four stars
The New York Public Library (NY) 91.19 four stars
Louisville Free Public Library Foundation (KY) 87.11 three stars
Chicago Public Library Foundation (IL) 93.56 four stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Nantucket Atheneum
1 India Street
P.O. Box 808
Nantucket, MA 02554
tel: (508) 228-1110
fax: (508) 228-1973
EIN: 04-2104412

Visit Web Site

Board Leadership

Joan L. Gulley
Chair

CEO

Molly Anderson
Executive Director

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