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Nonprofiteer
← MASCOMA VALLEY PRESERVATION

Form 990 for tax year 2024

Filed by MASCOMA VALLEY PRESERVATION.

Totals

Total revenue
$581,302
Total expenses
$142,948
Contributions and grants received
$568,724
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$12,578
Total assets, end of year
$1,751,099
Total liabilities, end of year
$86,763
Net assets or fund balances, end of year
$1,664,336
Program services expenses (Part IX)
$133,834
Management and general expenses
$9,114
Fundraising expenses
$0
Program service expenses (Part III)
$133,834

Program services were 93.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $438,140

  • 1f · All other contributions, gifts and grants

    $130,584

  • 1g · Noncash contributions included above

    $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 9a · Gaming: gross income

    $12,578

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $12,578 · related or exempt $0 · unrelated business $0 · excluded $12,578

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,000 · management and general $1,000

  • 11g · Fees: other

    total $0 · fundraising $0

  • 12 · Advertising and promotion

    total $392 · program services $0 · management and general $392 · fundraising $0

  • 13 · Office expenses

    total $526 · program services $147 · management and general $379 · fundraising $0

  • 14 · Information technology

    total $208 · program services $0 · management and general $208 · fundraising $0

  • 16 · Occupancy

    total $1,539 · program services $901 · management and general $638 · fundraising $0

  • 23 · Insurance

    total $6,497 · program services $0 · management and general $6,497 · fundraising $0

  • 24a · Other expenses: Building Preservation supplies and repairs

    total $132,786 · program services $132,786 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $39,633 · end of year $77,917

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $1,661,419

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,016,760 · end of year $1,661,419

  • 15 · Other assets

    end of year $11,763

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $75,000

  • 25 · Other liabilities

    end of year $11,763

  • 27 · Net assets without donor restrictions

    beginning of year $1,056,393 · end of year $1,664,336

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

Mascoma Valley Preservation saves historic places to promote the vitality of our rural communities.

  • In this fiscal year, Mascoma Valley Preservation (MVP) welcomed new members to the all volunteer board and board of advisors, adding valued expertise to our group. MVP's Grafton Center Meetinghouse also saw significant improvements. After acquisition in 2019, the building has undergone substantial work to repair the damages left by a catastrophic fire and subsequent water damage in 2016. This year, the exterior envelope of the building was completed, closing out phase two of our project. We celebrated the completion of this chapter and the start of new phases with an open house. Donors, board members, contractors, and more signed the reverse side of a panel that will be installed in the walls of the meetinghouse, honoring the work of so many people that helped save this historic site, and to perhaps be discovered in another 200 years. The 175-acre Kimball property also saw improvements during this fiscal year. MVP started site work, selective demolition, and foundation replacement for the small house on site, which will become a unit of affordable housing. Elsewhere, property and building cleanup continued with the removal of tons of scrap metal, trash, and tires. The other two buildings on site - a former shingle mill and a c.1820 barn - were readied for rehabilitation in FY 26 and 27. Those buildings will serve as incubation and workshop space for rural businesses. MVP continued property maintenance at the 1905 Cheever Chapel, an historic property acquired by MVP in 2021. Several dangerous trees encroaching on the building were safely removed and truckloads of brush were hauled away and/or chipped on site.

    Expenses $133,834

As filed on the 2024 return.

Listed in Part VII

  • Andrew Cushing

    President

    Total calculated
    $0
    Hours/week
    12
  • Judith Kushner

    Vice President

    Total calculated
    $0
    Hours/week
    8
  • Lydia Foxall

    Treasurer

    Total calculated
    $0
    Hours/week
    8
  • Melissa Allen

    Secretary

    Total calculated
    $0
    Hours/week
    3
  • Susan Jukosky

    Board Member

    Total calculated
    $0
    Hours/week
    6
  • Linda Jones

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Elaina Bergamini

    Board Member

    Total calculated
    $0
    Hours/week
    6
  • Stuart Kinsman

    Board Member

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
30 April 2026
IRS schema version
2024v5.0
Source object
202601209349301820

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