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← MARTHAS VINEYARD FOUNDATION INC

Form 990 for tax year 2023

Filed by MARTHAS VINEYARD FOUNDATION INC.

Totals

Total revenue
$292,483
Total expenses
$291,684
Contributions and grants received
$291,520
Grants paid
$0
Program service revenue
$0
Investment income
$702
Other revenue
$261
Total assets, end of year
$1,359,609
Total liabilities, end of year
$296,790
Net assets or fund balances, end of year
$1,062,819
Program services expenses (Part IX)
$245,908
Management and general expenses
$45,776
Fundraising expenses
$0
Program service expenses (Part III)
$245,908

Program services were 84.3% 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.

  • 1f · All other contributions, gifts and grants

    $291,520

  • 1g · Noncash contributions included above

    $300

  • 3 · Investment income

    total $702 · excluded $702

  • 11a · Other revenue: OTHER INCOME

    total $261 · excluded $261

  • 11e · Other revenue, total

    $261

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $28,357 · program services $12,000 · management and general $16,357

  • 9 · Other employee benefits

    total $12,545 · program services $12,545

  • 11c · Fees: accounting

    total $2,000 · management and general $2,000

  • 12 · Advertising and promotion

    total $4,920 · management and general $4,920

  • 13 · Office expenses

    total $6,058 · management and general $6,058

  • 14 · Information technology

    total $90 · management and general $90

  • 16 · Occupancy

    total $44,173 · program services $44,173

  • 17 · Travel

    total $1,930 · program services $1,930

  • 20 · Interest

    total $14,450 · management and general $14,450

  • 22 · Depreciation, depletion and amortization

    total $15,694 · program services $15,694

  • 23 · Insurance

    total $14,338 · program services $12,437 · management and general $1,901

  • 24a · Other expenses: STRONG ST-PREOPENING EX

    total $135,171 · program services $135,171

  • 24b · Other expenses: FOOD SUPPLIES

    total $7,605 · program services $7,605

  • 24c · Other expenses: VEHICLE EXPENSES

    total $4,353 · program services $4,353

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $337,193 · end of year $145,311

  • 9 · Prepaid expenses and deferred charges

    beginning of year $893 · end of year $0

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

    $1,073,354

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

    $88,998

  • 10c · Land, buildings and equipment, net

    beginning of year $1,000,050 · end of year $984,356

  • 11 · Investments: publicly traded securities

    beginning of year $12,889 · end of year $229,942

  • 17 · Accounts payable and accrued expenses

    end of year $7,790

  • 23 · Secured mortgages and notes payable

    beginning of year $289,000 · end of year $289,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,062,025 · end of year $1,062,819

Mission and programs · 2023

Mission

PROVIDE A TEMPORARY HOME AT NO COST TO SERVE AND SUSTAIN FAMILIES OF SERIOUSLY ILL OR INJURED ADULTS AND CHILDREN RECEIVING TREATMENT AT PENSACOLA AREA HOSPITALS.

  • PROVIDE TEMPORARY HOUSING FOR FAMILIES OF SERIOUSLY ILL OR INJURED ADULTS AND CHILDREN RECEIVING TREATMENT AT PENSACOLA AREA HOSPITALS.

    Expenses $245,908

As filed on the 2023 return.

Listed in Part VII

  • J Nix Daniel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Phillip A Napier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert Gowing

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Allen Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Bob D Greene

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Stephen B Shell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Hutchinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marty M Tackett

    PRESIDENT/SEC

    Total calculated
    $24,545
    From this org
    $12,000
    From related orgs
    $0
    Other
    $12,545
    Hours/week
    40

  • Ron W Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michelle Boyd

    DIRECTOR

    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
2023
Filed
7 February 2024
IRS schema version
2023v4.0
Source object
202430459349302168

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