Totals
- Total revenue
- $453,432
- Total expenses
- $540,924
- Contributions and grants received
- $356,560
- Grants paid
- $0
- Program service revenue
- $108,655
- Investment income
- -$11,783
- Other revenue
- $0
- Total assets, end of year
- $1,506,049
- Total liabilities, end of year
- $854,288
- Net assets or fund balances, end of year
- $651,761
- Program services expenses (Part IX)
- $448,999
- Management and general expenses
- $91,925
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $448,999
Program services were 83.0% 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.
-
1b · Membership dues
$47,350
-
1c · Fundraising events
$270,240
-
1f · All other contributions, gifts and grants
$38,970
-
1g · Noncash contributions included above
$29,950
-
2a · Program service revenue: Sailing
total $108,655 · unrelated business $0 · excluded $0
-
3 · Investment income
total $83 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
other assets $5,450
-
7b · Less cost or other basis and sales expenses
other assets $17,316
-
7c · Gain or loss
other assets -$11,866
-
7d · Net gain or loss
total -$11,866 · related or exempt -$11,866 · unrelated business $0 · excluded $0
-
8a · Fundraising events: contributions included on line 1c
$270,240
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $152,250 · program services $120,750 · management and general $31,500 · fundraising $0
-
6 · Compensation of disqualified persons
total $60,971 · program services $60,971 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $12,073 · program services $12,073 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $15,251 · program services $7,625 · management and general $7,626 · fundraising $0
-
11c · Fees: accounting
total $9,446 · program services $0 · management and general $9,446 · fundraising $0
-
12 · Advertising and promotion
total $1,171 · program services $1,171 · management and general $0 · fundraising $0
-
13 · Office expenses
total $41,606 · program services $38,219 · management and general $3,387 · fundraising $0
-
16 · Occupancy
total $16,900 · program services $0 · management and general $16,900 · fundraising $0
-
19 · Conferences, conventions and meetings
total $1,605 · program services $1,605 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $78,583 · program services $78,583 · management and general $0 · fundraising $0
-
23 · Insurance
total $34,094 · program services $29,248 · management and general $4,846 · fundraising $0
-
24a · Other expenses: Postage and shipping
total $578 · program services $578 · management and general $0 · fundraising $0
-
24b · Other expenses: Dues and Subscriptions
total $309 · program services $309 · management and general $0 · fundraising $0
-
24c · Other expenses: Printing and publications
total $7,761 · program services $7,761 · management and general $0 · fundraising $0
-
24d · Other expenses: Payroll Service
total $3,402 · program services $2,552 · management and general $850 · fundraising $0
-
24e · All other expenses
total $104,924 · program services $87,554 · management and general $17,370 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $383,088 · end of year $260,859
-
10a · Land, buildings and equipment: cost or other basis
$1,780,181
-
10b · Land, buildings and equipment: accumulated depreciation
$534,991
-
10c · Land, buildings and equipment, net
beginning of year $1,236,779 · end of year $1,245,190
-
23 · Secured mortgages and notes payable
beginning of year $730,614 · end of year $704,557
-
25 · Other liabilities
beginning of year $150,000 · end of year $149,731
-
31 · Retained earnings, endowment or other funds
beginning of year $739,253 · end of year $651,761
Mission and programs · 2022
Mission
Preserve and protect the maritime history, culture and skills of Martha's Vineyard through on the water academics and environmental programs.
-
To enhance the residents' well being with sailing and rowing programs on Martha's Vineyard including children and adult training courses.
Expenses $448,999 · Grants $8,500
As filed on the 2022 return.
Listed in Part VII
-
Daniel Pesch MD
President
- Total calculated
- $0
- Hours/week
- 2
-
John Kettlewell
Executive Director
- Total calculated
- $0
- Hours/week
- 40
-
Melissa Moore
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
James Oakes
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Tracey Stead
Clerk
- Total calculated
- $0
- Hours/week
- 2
-
Andrew Nutton
Director of Programs
- Total calculated
- $0
- Hours/week
- 40
-
Cindy Alten-Delotto
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Valerie Becker
Director
- Total calculated
- $0
- Hours/week
- 2
-
Mark Cronin
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Howard Davis
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Ian Thomas Minor
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Paul Mitchell
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Fred Murphy
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Cole Powers
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Peggy Schwier
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Cristina Wiley
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
John J Wilson
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Lyla Solway
Junior Director
- Total calculated
- $0
- Hours/week
- 0.5
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
- 2022
- Filed
- 10 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202331309349305663
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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