Skip to content
Nonprofiteer
← MV YOUTH INC

Form 990 for tax year 2024

Filed by MV YOUTH INC.

Totals

Total revenue
$2,382,242
Total expenses
$6,094,283
Contributions and grants received
$1,930,320
Grants paid
$5,800,212
Program service revenue
$128,346
Investment income
$323,576
Other revenue
$0
Total assets, end of year
$6,801,928
Total liabilities, end of year
$5,611,076
Net assets or fund balances, end of year
$1,190,852
Program services expenses (Part IX)
$5,800,212
Management and general expenses
$184,602
Fundraising expenses
$109,469
Program service expenses (Part III)
$5,800,212

Program services were 95.2% 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

    $1,930,320

  • 2a · Program service revenue: Program Services Fees

    total $15,145 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Donations-Golf Tournament

    total $113,201 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $323,576 · unrelated business $323,576 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,513,658 · program services $3,513,658

  • 2 · Grants to domestic individuals

    total $2,286,554 · program services $2,286,554

  • 5 · Compensation of officers, directors and key employees

    total $124,760 · program services $0 · management and general $124,760 · fundraising $0

  • 9 · Other employee benefits

    total $10,000 · program services $0 · management and general $10,000 · fundraising $0

  • 10 · Payroll taxes

    total $9,575 · program services $0 · management and general $9,575 · fundraising $0

  • 11c · Fees: accounting

    total $17,780 · program services $0 · management and general $17,780 · fundraising $0

  • 12 · Advertising and promotion

    total $53,210 · program services $0 · management and general $0 · fundraising $53,210

  • 13 · Office expenses

    total $248 · program services $0 · management and general $0 · fundraising $248

  • 19 · Conferences, conventions and meetings

    total $4,542 · program services $0 · management and general $4,542 · fundraising $0

  • 23 · Insurance

    total $2,437 · program services $0 · management and general $2,437 · fundraising $0

  • 24a · Other expenses: Software & Website

    total $4,692 · program services $0 · management and general $4,692 · fundraising $0

  • 24b · Other expenses: Advisory Board Exp

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24c · Other expenses: Licenses & Permits

    total $434 · program services $0 · management and general $434 · fundraising $0

  • 24d · Other expenses: Captains Fore Kids

    total $13,500 · program services $0 · management and general $0 · fundraising $13,500

  • 24e · All other expenses

    total $52,893 · program services $0 · management and general $10,382 · fundraising $42,511

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,423,953 · end of year $6,729,204

  • 4 · Accounts receivable

    beginning of year $25,145 · end of year $72,724

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,215,042 · end of year $1,657,865

  • 18 · Grants payable

    beginning of year $1,389,901 · end of year $3,953,211

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $3,610,020 · end of year $1,029,556

  • 28 · Net assets with donor restrictions

    beginning of year $234,135 · end of year $161,296

Mission and programs · 2024

Mission

MV Youth supports youth based capital projects on Marthas Vineyard and funds scholarships for youth from Marthas Vineyard.

  • Scholarship awards

    Expenses $2,471,416

  • Grant Awards to various Island Non-profits

    Expenses $3,328,796

As filed on the 2024 return.

Listed in Part VII

  • DANIEL STANTON

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    4

  • JAMES SWARTZ

    CO-CHAIR

    Total calculated
    $0

  • STEVE BARNES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • WAYNE BUDD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • DREW CONWAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • CINDY DOYLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • DAVID FIALKOW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • MIMI HAAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • BOB HIGGINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

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

Provenance

Return type
form_990
Tax year
2024
Filed
10 May 2025
IRS schema version
2024v5.2
Source object
202532029349301323

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.