Form 990 for tax year 2022
Filed by MARTHAS VINEYARD PRESERVATION TR INC.
Totals
- Total revenue
- $3,043,720
- Total expenses
- $2,348,114
- Contributions and grants received
- $1,423,243
- Grants paid
- $0
- Program service revenue
- $766,297
- Investment income
- $88,396
- Other revenue
- $765,784
- Total assets, end of year
- $22,772,768
- Total liabilities, end of year
- $325,547
- Net assets or fund balances, end of year
- $22,447,221
- Program services expenses (Part IX)
- $1,723,282
- Management and general expenses
- $436,520
- Fundraising expenses
- $188,312
- Program service expenses (Part III)
- $1,723,282
Program services were 73.4% 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.
-
1c · Fundraising events
$522,600
-
1f · All other contributions, gifts and grants
$900,643
-
2a · Program service revenue: PROGRAM RELATED RENTAL
total $522,540 · related or exempt $522,540
-
2b · Program service revenue: MANAGEMENT FEES
total $235,000 · related or exempt $235,000
-
2c · Program service revenue: OTHER PROGRAM INCOME
total $8,757 · related or exempt $8,757
-
3 · Investment income
total $63,525 · excluded $63,525
-
7a · Gross sales of assets other than inventory
securities $24,871
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $24,871
-
7d · Net gain or loss
total $24,871 · related or exempt $24,871
-
8a · Fundraising events: gross income
$985,459
-
8a · Fundraising events: contributions included on line 1c
$522,600
-
8b · Fundraising events: direct expenses
$281,404
-
8c · Net income from fundraising events
total $704,055 · excluded $704,055
-
10a · Gross sales of inventory
$7,641
-
10b · Cost of goods sold
$4,644
-
10c · Net income from sales of inventory
total $2,997 · excluded $2,997
-
11a · Other revenue: OTHER MISCELLANEOUS IN
total $58,732 · related or exempt $58,732
-
11e · Other revenue, total
$58,732
Functional expenses
Part IX, the statement of functional expenses.
-
6 · Compensation of disqualified persons
total $634,308 · program services $412,301 · management and general $164,920 · fundraising $57,087
-
9 · Other employee benefits
total $127,378 · program services $82,796 · management and general $33,118 · fundraising $11,464
-
10 · Payroll taxes
total $49,537 · program services $32,199 · management and general $12,880 · fundraising $4,458
-
11b · Fees: legal
total $19,564 · management and general $19,564
-
11c · Fees: accounting
total $30,395 · management and general $30,395
-
12 · Advertising and promotion
total $47,326 · program services $47,326
-
13 · Office expenses
total $233,060 · program services $151,489 · management and general $60,596 · fundraising $20,975
-
16 · Occupancy
total $50,977 · program services $33,135 · management and general $13,254 · fundraising $4,588
-
17 · Travel
total $2,181 · program services $1,418 · management and general $567 · fundraising $196
-
20 · Interest
total $2,666 · program services $2,666
-
22 · Depreciation, depletion and amortization
total $206,075 · program services $206,075
-
23 · Insurance
total $122,354 · program services $79,530 · management and general $31,812 · fundraising $11,012
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $601,683 · program services $601,683
-
24b · Other expenses: CONSULTANTS
total $73,286 · fundraising $73,286
-
24c · Other expenses: COMPUTER MAINTENANCE FE
total $54,259 · management and general $54,259
-
24d · Other expenses: FEES & LICENSE EXPENSES
total $24,274 · program services $15,778 · management and general $6,311 · fundraising $2,185
-
24e · All other expenses
total $68,791 · program services $56,886 · management and general $8,844 · fundraising $3,061
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $801,863 · end of year $1,086,546
-
4 · Accounts receivable
beginning of year $123,412 · end of year $264,391
-
8 · Inventories for sale or use
beginning of year $4,541 · end of year $6,369
-
10a · Land, buildings and equipment: cost or other basis
$19,686,147
-
10b · Land, buildings and equipment: accumulated depreciation
$1,398,094
-
10c · Land, buildings and equipment, net
beginning of year $18,215,804 · end of year $18,288,053
-
11 · Investments: publicly traded securities
beginning of year $3,114,130 · end of year $2,575,364
-
15 · Other assets
beginning of year $449,097 · end of year $552,045
-
17 · Accounts payable and accrued expenses
beginning of year $211,189 · end of year $124,797
-
19 · Deferred revenue
beginning of year $306,172 · end of year $145,750
-
25 · Other liabilities
beginning of year $99,073 · end of year $55,000
-
27 · Net assets without donor restrictions
beginning of year $21,926,858 · end of year $22,240,721
-
28 · Net assets with donor restrictions
beginning of year $165,555 · end of year $206,500
Mission and programs · 2022
Mission
THE ORGANIZATION'S PRIMARY MISSION IS TO ACQUIRE, RESTORE, AND MAINTAIN THE HISTORIC LANDMARKS OF MARTHA'S VINEYARD AND TO PRESERVE THE ISLAND'S UNIQUE CHARACTER, CULTURAL HISTORY, AND HERITAGE FOR THE COMMUNITY AND IT'S VISITORS.
Activities or mission (Part I)
THE ORGANIZATION'S MISSION IS TO ACQUIRE, RESTORE, AND MAINTAIN THE HISTORIC LANDMARKS OF MARTHA'S VINEYARD. TO PRESERVE THE ISLAND'S UNIQUE CHARACTER, CULTURAL HISTORY, AND HERITAGE FOR THE COMMUNITY AND IT'S VISITORS.
-
PRESERVATION OF THE HISTORICAL, CULTURAL AND ARCHITECTURAL TRADITIONS OF THE ISLAND OF MARTHA'S VINEYARD
Expenses $1,723,282 · Revenue $849,900
As filed on the 2022 return.
Listed in Part VII
-
Ahearn Patrick JAHEARN PATRICK J
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Allegaert LynnALLEGAERT LYNN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Barnes Deborah ABARNES DEBORAH A
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Berger Carole MBERGER CAROLE M
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Biggers Jr R KelseyBIGGERS JR R KELSEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brown BrookeBROWN BROOKE
VICE-CHAIR OF SPECIAL EVENTS
- Total calculated
- $0
- Hours/week
- 1
-
Canty Richard JCANTY RICHARD J
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Caraboolad Nancy TCARABOOLAD NANCY T
VICE-CHAIR OF PROPERTIES/BUILDINGS
- Total calculated
- $0
- Hours/week
- 1
-
Chaffee Dorothy FCHAFFEE DOROTHY F
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Conover Gerret CCONOVER GERRET C
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Convery Alison MCONVERY ALISON M
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Conway G DrewCONWAY G DREW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cox Robert GCOX ROBERT G
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Crews Deborah HCREWS DEBORAH H
VICE-CHAIR OF COMMUNITY OUTREACH
- Total calculated
- $0
- Hours/week
- 1
-
Earl Scott TEARL SCOTT T
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ellis Theodora AELLIS THEODORA A
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gibson Tana CGIBSON TANA C
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Graham Jr Robert CGRAHAM JR ROBERT C
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hedley Michele MHEDLEY MICHELE M
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hedley MelissaHEDLEY MELISSA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hoerle Sheila AHOERLE SHEILA A
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Indelicato AliceINDELICATO ALICE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Johnson AlvinJOHNSON ALVIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Kittenplan GailKITTENPLAN GAIL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Klein John EKLEIN JOHN E
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Mackenty Elizabeth DMACKENTY ELIZABETH D
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
McCall Joseph B JoshMCCALL JOSEPH B JOSH
VICE-CHAIR OF SPECIAL PROJECTS
- Total calculated
- $0
- Hours/week
- 1
-
McCargo Audrey HMCCARGO AUDREY H
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Morgan PatriciaMORGAN PATRICIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Morris NancyMORRIS NANCY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mortara VirginiaMORTARA VIRGINIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Murphy John PMURPHY JOHN P
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Murray IanMURRAY IAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Murray ShepMURRAY SHEP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Neuhoff ElizabethNEUHOFF ELIZABETH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Norton Joan WNORTON JOAN W
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nugent DeborahNUGENT DEBORAH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Phillips AmandaPHILLIPS AMANDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Purington RichardPURINGTON RICHARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rorer Sarah BRORER SARAH B
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shane RosalieSHANE ROSALIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sollitto Jr Joseph ESOLLITTO JR JOSEPH E
VICE-CHAIR OF TRUSTEESHIP & GOVERNANCE
- Total calculated
- $0
- Hours/week
- 1
-
Stanton Mary BSTANTON MARY B
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tattersall Margaret CTATTERSALL MARGARET C
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tharp Twanette TTHARP TWANETTE T
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wright Joyce MWRIGHT JOYCE M
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Zimmerman Jane WZIMMERMAN JANE W
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Zollo Victor AZOLLO VICTOR A
VICE-CHAIR OF FINANCE
- Total calculated
- $0
- Hours/week
- 1
-
Nevette PrevidNEVETTE PREVID
EXECUTIVE DIRECTOR
- Total calculated
- $210,847
- From this org
- $173,560
- From related orgs
- $0
- Other
- $37,287
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $173,560
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $37,287
- Filer's total
- $210,847
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
THE FLYING HORSES CAROUSEL FOUNDATION
501 (C)(3) · OPERATION OF A FLYING HORSE CAROUSEL · MA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
NORTH WATER STREET CORPORATION
C · REAL ESTATE RENTALS · MA · 76.9% owned
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202321339349300132
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