Form 990 for tax year 2024
Filed by MARTHAS VINEYARD PRESERVATION TR INC.
Totals
- Total revenue
- $5,348,792
- Total expenses
- $2,809,544
- Contributions and grants received
- $3,738,798
- Grants paid
- $0
- Program service revenue
- $1,146,259
- Investment income
- $219,270
- Other revenue
- $244,465
- Total assets, end of year
- $27,805,937
- Total liabilities, end of year
- $323,566
- Net assets or fund balances, end of year
- $27,482,371
- Program services expenses (Part IX)
- $2,102,085
- Management and general expenses
- $532,846
- Fundraising expenses
- $174,613
- Program service expenses (Part III)
- $2,102,085
Program services were 74.8% 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
$896,468
-
1f · All other contributions, gifts and grants
$2,842,330
-
2a · Program service revenue: PROGRAM RELATED RENTAL
total $579,999 · related or exempt $579,999
-
2b · Program service revenue: FLYING HORSES REVENUE
total $496,334 · related or exempt $496,334
-
2c · Program service revenue: MANAGEMENT FEES
total $40,426 · related or exempt $40,426
-
2d · Program service revenue: OTHER PROGRAM INCOME
total $29,500 · related or exempt $29,500
-
3 · Investment income
total $219,270 · excluded $219,270
-
8a · Fundraising events: gross income
$593,685
-
8a · Fundraising events: contributions included on line 1c
$896,468
-
8b · Fundraising events: direct expenses
$501,887
-
8c · Net income from fundraising events
total $91,798 · excluded $91,798
-
10a · Gross sales of inventory
$217,205
-
10b · Cost of goods sold
$124,058
-
10c · Net income from sales of inventory
total $93,147 · excluded $93,147
-
11a · Other revenue: OTHER MISCELLANEOUS IN
total $59,520 · related or exempt $59,520
-
11e · Other revenue, total
$59,520
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $213,327 · program services $138,663 · management and general $55,465 · fundraising $19,199
-
6 · Compensation of disqualified persons
total $756,838 · program services $491,945 · management and general $196,778 · fundraising $68,115
-
9 · Other employee benefits
total $141,406 · program services $91,914 · management and general $36,766 · fundraising $12,726
-
10 · Payroll taxes
total $84,928 · program services $55,203 · management and general $22,081 · fundraising $7,644
-
11b · Fees: legal
total $1,259 · management and general $1,259
-
11c · Fees: accounting
total $44,410 · management and general $44,410
-
11f · Fees: investment management
total $21,936 · management and general $21,936
-
12 · Advertising and promotion
total $53,729 · program services $53,729
-
13 · Office expenses
total $36,531 · program services $23,745 · management and general $9,498 · fundraising $3,288
-
16 · Occupancy
total $61,848 · program services $40,201 · management and general $16,080 · fundraising $5,567
-
17 · Travel
total $2,928 · program services $1,903 · management and general $761 · fundraising $264
-
22 · Depreciation, depletion and amortization
total $208,971 · program services $208,971
-
23 · Insurance
total $131,282 · program services $85,333 · management and general $34,133 · fundraising $11,816
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $865,105 · program services $832,442 · management and general $24,264 · fundraising $8,399
-
24b · Other expenses: COMPUTER MAINTENANCE FE
total $51,576 · management and general $51,576
-
24c · Other expenses: FEES & LICENSE EXPENSES
total $32,127 · program services $20,883 · management and general $8,353 · fundraising $2,891
-
24d · Other expenses: CONSULTANTS
total $31,420 · fundraising $31,420
-
24e · All other expenses
total $69,923 · program services $57,153 · management and general $9,486 · fundraising $3,284
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,034,385 · end of year $1,563,714
-
4 · Accounts receivable
beginning of year $59,861 · end of year $114,915
-
8 · Inventories for sale or use
beginning of year $16,969 · end of year $22,833
-
9 · Prepaid expenses and deferred charges
end of year $11,718
-
10a · Land, buildings and equipment: cost or other basis
$20,641,373
-
10b · Land, buildings and equipment: accumulated depreciation
$1,984,946
-
10c · Land, buildings and equipment, net
beginning of year $18,434,243 · end of year $18,656,427
-
12 · Investments: other securities
beginning of year $5,137,137 · end of year $7,353,298
-
15 · Other assets
beginning of year $56,029 · end of year $83,032
-
17 · Accounts payable and accrued expenses
beginning of year $167,897 · end of year $97,833
-
19 · Deferred revenue
beginning of year $118,000 · end of year $225,473
-
25 · Other liabilities
beginning of year $266 · end of year $260
-
27 · Net assets without donor restrictions
beginning of year $24,204,439 · end of year $26,963,074
-
28 · Net assets with donor restrictions
beginning of year $248,022 · end of year $519,297
Mission and programs · 2024
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 AND 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 $2,102,085 · Revenue $1,205,779
As filed on the 2024 return.
Listed in Part VII
-
John E KleinJOHN E KLEIN
TRUSTEE, EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Sara B RorerSARA B RORER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bob CoxBOB COX
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robin GrahamROBIN GRAHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Amanda PhillipsAMANDA PHILLIPS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Carole BergerCAROLE BERGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gerry ConoverGERRY CONOVER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kelsey BiggersKELSEY BIGGERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rosalie ShaneROSALIE SHANE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Morgan PatriciaMORGAN PATRICIA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tattersall Margaret CTATTERSALL MARGARET C
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Patrick J AhearnPATRICK J AHEARN
EMERITI
- Total calculated
- $0
- Hours/week
- 1
-
Lynn AllegaertLYNN ALLEGAERT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Deborah A BarnesDEBORAH A BARNES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brooke BrownBROOKE BROWN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nancy T CarabooladNANCY T CARABOOLAD
EMERITI
- Total calculated
- $0
- Hours/week
- 1
-
Dorothy F ChaffeeDOROTHY F CHAFFEE
HONORARY
- Total calculated
- $0
- Hours/week
- 1
-
Alison M ConveryALISON M CONVERY
EMERITI
- Total calculated
- $0
- Hours/week
- 1
-
Drew G ConwayDREW G CONWAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Scott T EarlSCOTT T EARL
HONORARY
- Total calculated
- $0
- Hours/week
- 1
-
Theodora A EllisTHEODORA A ELLIS
HONORARY
- Total calculated
- $0
- Hours/week
- 1
-
Tana C GibsonTANA C GIBSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Melissa HedleyMELISSA HEDLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michele M HedleyMICHELE M HEDLEY
EMERITI
- Total calculated
- $0
- Hours/week
- 1
-
Sheila A HoerleSHEILA A HOERLE
HONORARY
- Total calculated
- $0
- Hours/week
- 1
-
Alice IndelicatoALICE INDELICATO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gail KittenplanGAIL KITTENPLAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nancy MorrisNANCY MORRIS
HONORARY
- Total calculated
- $0
- Hours/week
- 1
-
John P MurphyJOHN P MURPHY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ian MurrayIAN MURRAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Shep MurraySHEP MURRAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kevin MyattKEVIN MYATT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Deborah NugentDEBORAH NUGENT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Richard PuringtonRICHARD PURINGTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joseph E Sollitto JrJOSEPH E SOLLITTO JR
EMERITI
- Total calculated
- $0
- Hours/week
- 1
-
Mary StantonMARY STANTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Twanette T TharpTWANETTE T THARP
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joyce M WrightJOYCE M WRIGHT
HONORARY
- Total calculated
- $0
- Hours/week
- 1
-
Pamela D ZillyPAMELA D ZILLY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jb McCall IVJB MCCALL IV
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Alvin R JohnsonALVIN R JOHNSON
CLERK
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth D MackentyELIZABETH D MACKENTY
VICE-CHAIR FINANCE AND TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Vaughn R ButlerVAUGHN R BUTLER
VICE-CHAIR PROPERTIES
- Total calculated
- $0
- Hours/week
- 1
-
Deborah CrewsDEBORAH CREWS
VICE-CHAIR TRUSTEES & GOVERNANCE
- Total calculated
- $0
- Hours/week
- 1
-
William H WeeksWILLIAM H WEEKS
VICE-CHAIR DEVELOPEMENT
- Total calculated
- $0
- Hours/week
- 1
-
Victor A ZolloVICTOR A ZOLLO
VICE-CHAIR ENDOWMENT
- Total calculated
- $0
- Hours/week
- 1
-
Nevette PrevidNEVETTE PREVID
EXECUTIVE DIRECTOR
- Total calculated
- $254,249
- From this org
- $213,327
- From related orgs
- $0
- Other
- $40,922
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $213,327
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $40,922
- Filer's total
- $254,249
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.
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 · share of income $33,914 · share of assets $211,607
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 26 June 2025
- IRS schema version
- 2024v5.2
- Source object
- 202532129349301213
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.