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Nonprofiteer
← MARTHAS VINEYARD AGRICULTURAL SOCIETY

Form 990 for tax year 2023

Filed by MARTHAS VINEYARD AGRICULTURAL SOCIETY.

Totals

Total revenue
$2,126,289
Total expenses
$924,449
Contributions and grants received
$1,376,925
Grants paid
$53,608
Program service revenue
$553,066
Investment income
$20,366
Other revenue
$175,932
Total assets, end of year
$4,140,779
Total liabilities, end of year
$522,696
Net assets or fund balances, end of year
$3,618,083
Program services expenses (Part IX)
$799,084
Management and general expenses
$119,926
Fundraising expenses
$5,439
Program service expenses (Part III)
$799,084

Program services were 86.4% 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.

  • 1b · Membership dues

    $24,357

  • 1f · All other contributions, gifts and grants

    $1,352,568

  • 1g · Noncash contributions included above

    $1,180,325

  • 2a · Program service revenue: ANNUAL FAIR

    total $536,418 · related or exempt $536,418

  • 2b · Program service revenue: FARMER SERVICES

    total $12,298 · related or exempt $12,298

  • 2c · Program service revenue: 4H CLUB/PROGRAM EVENTS

    total $4,350 · related or exempt $4,350

  • 3 · Investment income

    total $20,366 · excluded $20,366

  • 6a · Gross rents

    real property $112,700

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $112,700

  • 6d · Net rental income or loss

    total $112,700 · excluded $112,700

  • 8a · Fundraising events: gross income

    $7,661

  • 8b · Fundraising events: direct expenses

    $7,806

  • 8c · Net income from fundraising events

    total -$145 · excluded -$145

  • 10a · Gross sales of inventory

    $94,503

  • 10b · Cost of goods sold

    $39,773

  • 10c · Net income from sales of inventory

    total $54,730 · related or exempt $54,730

  • 11d · All other revenue

    total $8,647 · excluded $8,647

  • 11e · Other revenue, total

    $8,647

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $53,608 · program services $53,608

  • 5 · Compensation of officers, directors and key employees

    total $89,423 · program services $80,481 · management and general $8,942

  • 7 · Other salaries and wages

    total $150,209 · program services $135,188 · management and general $15,021

  • 10 · Payroll taxes

    total $21,641 · program services $19,477 · management and general $2,164

  • 11c · Fees: accounting

    total $52,215 · program services $35,824 · management and general $16,391

  • 11g · Fees: other

    total $45,757 · program services $45,757

  • 13 · Office expenses

    total $49,731 · management and general $49,731

  • 16 · Occupancy

    total $37,949 · program services $34,777 · management and general $3,172

  • 20 · Interest

    total $16,513 · management and general $16,513

  • 22 · Depreciation, depletion and amortization

    total $52,368 · program services $47,131 · management and general $5,237

  • 23 · Insurance

    total $45,917 · program services $43,162 · management and general $2,755

  • 24a · Other expenses: FAIR/PROGRAM EVENT EXPE

    total $215,779 · program services $215,779

  • 24b · Other expenses: REPAIRS AND MAINT

    total $84,540 · program services $84,540

  • 24c · Other expenses: SPECIAL EVENT EXPENSES

    total $5,439 · fundraising $5,439

  • 24d · Other expenses: FARMERS PROGRAM FEES

    total $3,360 · program services $3,360

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $639,352 · end of year $664,581

  • 3 · Pledges and grants receivable

    end of year $4,155

  • 4 · Accounts receivable

    beginning of year $2,874 · end of year $2,688

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,920 · end of year $16,770

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

    $4,546,960

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

    $1,094,375

  • 10c · Land, buildings and equipment, net

    beginning of year $2,235,970 · end of year $3,452,585

  • 15 · Other assets

    beginning of year $62,244 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,802 · end of year $42,582

  • 19 · Deferred revenue

    beginning of year $47,500 · end of year $45,000

  • 23 · Secured mortgages and notes payable

    beginning of year $463,315 · end of year $435,114

  • 27 · Net assets without donor restrictions

    beginning of year $2,363,452 · end of year $2,412,771

  • 28 · Net assets with donor restrictions

    beginning of year $45,291 · end of year $1,205,312

Mission and programs · 2023

Mission

THE SOCIETY, THROUGH EDUCATION, COMMUNITY OUTREACH, AND COLLABORATION IMPROVES AND PROMOTES THE PRODUCTION, MARKETING, PRESERVATION AND ENJOYMENT OF AGRICULTURE ON MARTHA'S VINEYARD INCLUDING COMMERCIAL FARMS, FOREST PRODUCTS, AQUACULTURE, GRAZING, PERSONAL AGRICULTURE, FOOD AND ORNAMENTAL INDUSTRIES.

Activities or mission (Part I)

THE SOCIETY SUPPORTS THE PROMOTION OF SAFE, RESILIENT AND SUSTAINABLE AGRICULTURAL PRODUCTION, MARKETING AND LIFESTYLE ON MARTHA'S VINEYARD.

  • THE SOCIETY PROMOTES THE PURSUIT OF AGRICULTURE, HORTICULTURE, LAND CONSERVATION, YOUTH ACTIVITIES, MECHANIC AND DOMESTIC ARTS AND ENCOURAGES THE RAISING AND IMPROVING OF PLANT AND ANIMAL STOCK AND THE SALE OF ISLAND-GROWN PRODUCTS AND FLOWERS AT LOCAL FARMERS' MARKETS. IN 2018, THE SOCIETY RE-INTRODUCED 4H TO ISLAND YOUTH AND IN 2020 ESTABLISHED A DISTINCT DUKES COUNTY FARM BUREAU TO ADVOCATE FOR THE UNIQUE NEEDS AND CONCERNS OF ISLAND FARMERS AT THE STATE LEVEL. TODAY, THE AG HALL CONTINUES AS THE HEART OF THE ISLAND'S FARMING AND PRODUCING COMMUNITY, PROVIDING A HOME TO THE MARTHA'S VINEYARD AGRICULTURAL FAIR AND LIVESTOCK SHOW, THE FARMERS SOCIAL, THE FARMWORKERS SOCIAL, THE BARN RAISERS BALL, THE MEAT BALL AND THE HARVEST FESTIVAL. THE SOCIETY ALSO HOSTS MANY COMMUNITY SPEAKERS, EVENTS, AND MEETINGS. WE ALSO OFFER OUR SPACE TO OTHER ISLAND ORGANIZATIONS, INCLUDING THE ARTISANS FESTIVAL AND WEST TISBURY FARMERS MARKET.

    Expenses $745,476 · Revenue $607,796

  • THE SOCIETY PROVIDES SCHOLARSHIPS TO GRADUATING SENIORS AND CONTINUING EDUCATION STUDENTS PURSUING DEGREES IN THE FOLLOWING FIELDS: AGRICULTURE, HORTICULTURE, ENVIRONMENTAL STUDIES, LAND CONSERVATION, VETERINARY MEDICINE, CULINARY ARTS OR RELATED FIELDS.

    Expenses $29,793 · Grants $29,793

  • THE SOCIETY ACTIVELY SUPPORTS THE WORK OF FARMERS AND BACKYARD GROWERS DEDICATED TO THE IMPROVEMENT AND SUSTAINABILITY OF THE ISLAND AGRICULTURAL COMMUNITY THROUGH THE PROVISION OF GRANTS AWARDED BASED ON THE OVERALL QUALITY OF THE PROJECT, ISLANDWIDE IMPACT, INNOVATION, SUSTAINABILITY, FEASIBILITY, AND LONG-TERM VIABILITY.

    Expenses $23,815 · Grants $23,815

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BRIAN ATHEARN

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • JULIE SCOTT

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • GARRISON VIEIRA

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • ROBERT EGERTON

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • ROB MCCARRON

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • EMILY ARMSTRONG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • DANIEL ATHEARN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • JOE CAPACE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • RUBY DIX

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • ALYSA EMDEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • FRED FISHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • WILLIAM HAYNES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • CHRISSY KINSMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • TINA MILLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • ADAM MOORE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • DANIEL STERNBACH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • EMILY FISCHER

    ALTERNATE TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • MICHAEL BARNES

    ALTERNATE TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • LAUREN LYNCH

    PRESIDENT

    Total calculated
    $89,307
    From this org
    $89,307
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ISLAND AGRICULTURAL SERVICES INC

    C · HOLDING COMPANY · MA · 100% owned · share of income $121,503 · share of assets $80 · controlled entity

    Directly controlled by MARTHA'S VINEYARD AGRICULTURAL SOCIETY INC

Provenance

Return type
form_990
Tax year
2023
Filed
28 October 2024
IRS schema version
2023v5.1
Source object
202403119349301570

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