Great Harbor Yacht Club Foundation Inc
Nonprofit profile at a glance
- EIN
- 301128021
- IRS 990 coverage
- 2019–2025
- Forms available
- Form 990 2025, Form 990-EZ 2018
- Location
- Nantucket, MA, USA
- Phone
- 5086805033
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Water Resource, Wetlands Conservation and Management
Reported finances
- Revenue
- $751,989
- Expenses
- $557,660
- Assets
- $3,851,940
- Liabilities
- $11,498
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- ED ORENSTEIN (PRESIDENT)
- KAREN KETTERER (VICE PRESIDENT)
People named in this filing
- ED ORENSTEIN (PRESIDENT)
- KAREN KETTERER (VICE PRESIDENT)
- CHRIS BREWSTER (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the corporation is to act as a not-for-profit organization with a primary mission of promoting the health of nantucket islands harbor and its marine ecosystem. The corporation will work with the nantucket department of natural resources and other governmental and nongovernmental organizations, groups and individuals in furtherance of its primary mission and other activities. The corporation may solicit donations, make grants and otherwise engage in any and all activities permitted to a not-for-profit corporation whether in furtherance of its mission or other charitable endeavors, other actions as may be necessary or expedient for the administration of the affairs and attainment of the purposes of the corporation, and for all other activities legal and consistent with the operation of a non-profit corporation in the commonwealth of Massachusetts.
What it reported doing in 2025
The great harbor yacht club foundation was formed in 2018 and is dedicated to the promotion and preservation of nantucket harbor and its marine ecosystem. The foundation will work with the town of nantucket's department of natural resources and others to fund projects which might otherwise go unfunded in furtherance of the foundation's mission and the town of nantucket's strategic harbor plan.
Operating model
- Revenue model
- Donor-supported. 88% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 84% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 54
- Transparency & Controls: 89
- Accountability: 88
- Sustainability: 80
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.7%; rating input score 59
- Program expense ratio: 63.6%; rating input score 64
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 24th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 95.9%; rating input score 96; 46th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 25.8%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 6.91; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings
Growth
- Program expense growth: 37.3% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: -0% per year; rating input score 0; 11th percentile among comparable filings
- Asset growth: 20% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 58.7% of revenue deployed · 63.6% of spending went to programs
- Governance: 14 of 14 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $355K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Highest-paid contractors: 2 contractors listed · $385K reported
- Consistency: 23 of 24 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 6 filing years from 2019 to 2025
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 4 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 59/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Growth: Revenue growth scored 0/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.