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Nonprofiteer
← MARTHAS VINEYARD AGRICULTURAL SOCIETY

Form 990 for tax year 2022

Filed by MARTHAS VINEYARD AGRICULTURAL SOCIETY.

Totals

Total revenue
$772,460
Total expenses
$472,843
Contributions and grants received
$248,443
Grants paid
$12,096
Program service revenue
$371,411
Investment income
$79
Other revenue
$152,527
Total assets, end of year
$2,950,360
Total liabilities, end of year
$541,617
Net assets or fund balances, end of year
$2,408,743
Program services expenses (Part IX)
$352,692
Management and general expenses
$114,891
Fundraising expenses
$5,260
Program service expenses (Part III)
$352,692

Program services were 74.6% 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

    $17,504

  • 1c · Fundraising events

    $2,263

  • 1e · Government grants (contributions)

    $62,244

  • 1f · All other contributions, gifts and grants

    $166,432

  • 2a · Program service revenue: NET FAIR REVENUES

    total $371,411 · related or exempt $371,411

  • 3 · Investment income

    total $79 · excluded $79

  • 6a · Gross rents

    real property $92,510

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $92,510

  • 6d · Net rental income or loss

    total $92,510 · related or exempt $92,510

  • 8a · Fundraising events: gross income

    $4,112

  • 8a · Fundraising events: contributions included on line 1c

    $2,263

  • 8b · Fundraising events: direct expenses

    $4,112

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: SALES

    total $60,017 · related or exempt $0 · excluded $60,017

  • 11e · Other revenue, total

    $60,017

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $12,096 · program services $12,096

  • 5 · Compensation of officers, directors and key employees

    total $86,692 · program services $78,023 · management and general $8,669

  • 7 · Other salaries and wages

    total $103,789 · program services $93,410 · management and general $10,379

  • 10 · Payroll taxes

    total $18,437 · program services $16,593 · management and general $1,844

  • 11c · Fees: accounting

    total $19,500 · program services $13,650 · management and general $5,850

  • 11g · Fees: other

    total $37,689 · program services $26,382 · management and general $11,307

  • 13 · Office expenses

    total $38,421 · management and general $38,421

  • 16 · Occupancy

    total $26,474 · program services $23,827 · management and general $2,647

  • 20 · Interest

    total $18,060 · management and general $18,060

  • 22 · Depreciation, depletion and amortization

    total $41,556 · program services $37,400 · management and general $4,156

  • 23 · Insurance

    total $21,909 · program services $19,718 · management and general $2,191

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $31,593 · program services $31,593

  • 24b · Other expenses: BANK CHARGES

    total $7,417 · management and general $7,417

  • 24c · Other expenses: SPECIAL EVENT

    total $5,260 · fundraising $5,260

  • 24d · Other expenses: LICENSES AND OTHER FEES

    total $3,950 · management and general $3,950

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $428,116 · end of year $639,352

  • 4 · Accounts receivable

    beginning of year $1,360 · end of year $2,874

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,513 · end of year $9,920

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

    $3,277,977

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

    $1,042,007

  • 10c · Land, buildings and equipment, net

    beginning of year $2,271,071 · end of year $2,235,970

  • 15 · Other assets

    beginning of year $17,923 · end of year $62,244

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,257 · end of year $30,802

  • 19 · Deferred revenue

    beginning of year $35,000 · end of year $47,500

  • 24 · Unsecured notes and loans payable

    beginning of year $571,600 · end of year $463,315

  • 27 · Net assets without donor restrictions

    beginning of year $2,071,634 · end of year $2,363,452

  • 28 · Net assets with donor restrictions

    beginning of year $37,492 · end of year $45,291

Mission and programs · 2022

Mission

TO PROMOTE AGRICULTURE, RUN AN ANNUAL FAIR AND PROVIDE SCHOLARSHIPS TO STUDENTS PURSUING AGRICULTURAL CAREERS.

Activities or mission (Part I)

THE ORGANIZATION WAS ESTABLISHED TO PROMOTE AGRICULTURE, RUN AN ANNUAL FAIR AND PROVIDE SCHOLARSHIPS TO STUDENTS PURSUING AGRICULTURAL CAREERS LOCATED IN WEST TISBURY, MASSACHUSETTS.

  • HOLDING OF ANNUAL AGRICULTURAL FAIR AND VARIOUS OTHER AGRICULTURALLY ORIENTED EVENTS THROUGHOUT THE YEAR.

    Expenses $340,596 · Revenue $371,411

  • 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 $12,096 · Grants $12,096

  • HALL RENTALS AND SALES

    Revenue $92,510

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian Athearn

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Julie Scott

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Garrison Vieira

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Robert Egerton

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Rob McCarron

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Kristy Rose

    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

  • Allen Whiting

    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

  • Bea Whiting

    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

  • John Mancuso

    HONORARY TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Trip Barnes

    HONORARY TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Eleanor Neubert

    HONORARY TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Bob Hungerford

    HONORARY TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Lauren Lynch

    EXECUTIVE DIRECTOR

    Total calculated
    $86,692
    From this org
    $86,692
    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.

  • MVAS SOLAR LLC

    INVESTMENT · ENERGY PRODUCTION THROUGH SOLAR PANELS · MA · 80% owned · share of income $80,133 · share of assets $125,953

    Directly controlled by AG SOLAR INC

Related corporations and trusts

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

  • THE AG SOLAR SOCIETY INC

    C · HOLDING COMPANY · MA · 100% owned · share of income -$77,435 · share of assets $170,980 · controlled entity

    Directly controlled by MARTHA'S VINEYARD AGRICULTURAL SOCIETY INC

Provenance

Return type
form_990
Tax year
2022
Filed
30 August 2023
IRS schema version
2022v5.0
Source object
202322429349301427

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