Form 990 for tax year 2022
Filed by MV CENTER FOR EDUCATION AND TRAINING INC.
Totals
- Total revenue
- $458,472
- Total expenses
- $491,765
- Contributions and grants received
- $439,084
- Grants paid
- $0
- Program service revenue
- $17,594
- Investment income
- $1,794
- Other revenue
- $0
- Total assets, end of year
- $183,513
- Total liabilities, end of year
- $6,524
- Net assets or fund balances, end of year
- $176,989
- Program services expenses (Part IX)
- $321,585
- Management and general expenses
- $131,282
- Fundraising expenses
- $38,898
- Program service expenses (Part III)
- $321,585
Program services were 65.4% 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.
-
1f · All other contributions, gifts and grants
$439,084
-
2a · Program service revenue: Tuition
total $17,594 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,794 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $331,668 · program services $215,212 · management and general $83,271 · fundraising $33,185
-
9 · Other employee benefits
total $31,139 · program services $20,206 · management and general $7,819 · fundraising $3,114
-
10 · Payroll taxes
total $25,990 · program services $16,865 · management and general $6,526 · fundraising $2,599
-
11c · Fees: accounting
total $16,221 · program services $0 · management and general $16,221 · fundraising $0
-
11g · Fees: other
total $32,798 · program services $25,393 · management and general $7,405 · fundraising $0
-
12 · Advertising and promotion
total $20,893 · program services $20,893 · management and general $0 · fundraising $0
-
13 · Office expenses
total $1,415 · program services $0 · management and general $1,415 · fundraising $0
-
16 · Occupancy
total $4,310 · program services $0 · management and general $4,310 · fundraising $0
-
23 · Insurance
total $2,147 · program services $0 · management and general $2,147 · fundraising $0
-
24a · Other expenses: Instructors
total $15,566 · program services $15,566 · management and general $0 · fundraising $0
-
24b · Other expenses: Class License
total $625 · program services $625 · management and general $0 · fundraising $0
-
24c · Other expenses: Bank fees
total $855 · program services $0 · management and general $855 · fundraising $0
-
24d · Other expenses: Misc expenses
total $8,138 · program services $6,825 · management and general $1,313 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $162,195 · end of year $45,003
-
2 · Savings and temporary cash investments
beginning of year $105,013 · end of year $105,414
-
4 · Accounts receivable
end of year $30,031
-
9 · Prepaid expenses and deferred charges
beginning of year $2,716 · end of year $3,065
-
17 · Accounts payable and accrued expenses
beginning of year $59,642 · end of year $6,524
-
27 · Net assets without donor restrictions
beginning of year $210,282 · end of year $176,989
-
28 · Net assets with donor restrictions
beginning of year $0
Mission and programs · 2022
Mission
To provide a diversity of Programs to an Island Community with limited educational opportunities.
-
Various educational programs including practical training, college preparatory and credit courses, special programs,enrichment classes to all generations, and economic classes.
Expenses $321,585 · Revenue $17,594
As filed on the 2022 return.
Listed in Part VII
-
Alexandra Bullen Coutts
Executive Director
- Total calculated
- $13,416
- From this org
- $13,416
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Nancy Hoffman
President
- Total calculated
- $0
- Hours/week
- 5
-
Norman Werthwein
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Richie Smith
Director
- Total calculated
- $0
- Hours/week
- 5
-
Tilma Johnson
Director
- Total calculated
- $0
- Hours/week
- 5
-
Kim Garrison
Director
- Total calculated
- $0
- Hours/week
- 5
-
Joan Chaput
Director
- Total calculated
- $0
- Hours/week
- 5
-
Joan Kass
Director
- Total calculated
- $0
- Hours/week
- 5
-
Cynthia Mullins
Director
- Total calculated
- $0
- Hours/week
- 5
-
Richard Kazis
Director
- Total calculated
- $0
- Hours/week
- 5
-
Tom Soldini
Director
- Total calculated
- $0
- Hours/week
- 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
- 24 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430309349301403
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