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Nonprofiteer
← MARTHAS VINEYARD FOUNDATION INC

Form 990 for tax year 2024

Filed by MARTHAS VINEYARD FOUNDATION INC.

Totals

Total revenue
$289,248
Total expenses
$204,334
Contributions and grants received
$274,853
Grants paid
$0
Program service revenue
$0
Investment income
$14,120
Other revenue
$275
Total assets, end of year
$1,148,896
Total liabilities, end of year
$1,163
Net assets or fund balances, end of year
$1,147,733
Program services expenses (Part IX)
$178,289
Management and general expenses
$26,045
Fundraising expenses
$0
Program service expenses (Part III)
$178,289

Program services were 87.3% 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

    $274,853

  • 1g · Noncash contributions included above

    $300

  • 3 · Investment income

    total $6,242 · excluded $6,242

  • 7a · Gross sales of assets other than inventory

    other assets $7,878

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $7,878

  • 7d · Net gain or loss

    total $7,878 · excluded $7,878

  • 11a · Other revenue: OTHER INCOME

    total $275 · excluded $275

  • 11e · Other revenue, total

    $275

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $42,245 · program services $34,579 · management and general $7,666

  • 7 · Other salaries and wages

    total $4,744 · program services $4,744

  • 9 · Other employee benefits

    total $11,929 · program services $11,929

  • 10 · Payroll taxes

    total $3,525 · program services $3,525

  • 11c · Fees: accounting

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

  • 12 · Advertising and promotion

    total $1,281 · management and general $1,281

  • 13 · Office expenses

    total $6,076 · management and general $6,076

  • 14 · Information technology

    total $905 · management and general $905

  • 16 · Occupancy

    total $44,021 · program services $44,021

  • 17 · Travel

    total $167 · program services $167

  • 20 · Interest

    total $5,806 · management and general $5,806

  • 22 · Depreciation, depletion and amortization

    total $12,572 · program services $12,572

  • 23 · Insurance

    total $16,409 · program services $14,098 · management and general $2,311

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

    total $49,522 · program services $49,522

  • 24b · Other expenses: FOOD SUPPLIES

    total $2,138 · program services $2,138

  • 24c · Other expenses: VEHICLE EXPENSES

    total $974 · program services $974

  • 24d · Other expenses: OTHER EXPENSES

    total $20 · program services $20

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $145,311 · end of year $108,496

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

    $1,047,132

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

    $78,470

  • 10c · Land, buildings and equipment, net

    beginning of year $984,356 · end of year $968,662

  • 11 · Investments: publicly traded securities

    beginning of year $229,942 · end of year $71,738

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,790 · end of year $1,163

  • 23 · Secured mortgages and notes payable

    beginning of year $289,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,062,819 · end of year $1,147,733

Mission and programs · 2024

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 $178,289

As filed on the 2024 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

  • Judy Churchwell

    SECRETARY/TREASURER

    Total calculated
    $7,666
    From this org
    $7,666
    From related orgs
    $0
    Other
    $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

  • Robert D Greene

    PRESIDENT

    Total calculated
    $34,579
    From this org
    $34,579
    From related orgs
    $0
    Other
    $0
    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
2024
Filed
24 February 2025
IRS schema version
2024v5.0
Source object
202500569349301560

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