THE YARD INC

EIN: 237348937 501(c)(3) Arts, Culture & Humanities

CHILMARK, MA

Total Revenue
$757,010
Total Expenses
$1,494,680
Total Assets
$2,926,933
Net Assets
$2,887,796
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
MA
Principal Officer
STEPHANIE PACHECO
Phone
5086459662
Tax Period
2023-01-01 to 2023-12-31

THE YARD INC, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $757K in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 97% operating deficit.

Mission

THE YARD SUPPORTS ARTISTS IN BOTH THEIR CREATIVE PROCESSES AND SOCIAL INSTRUMENTALITY THROUGH PAID RESEARCH RESIDENCY, PUBLIC PERFORMANCE, AND LONG-TERM EDUCATIONAL AND COMMUNITY ENGAGEMENT ACROSS ALL AGES AND DIVERSE POPULATIONS OF MARTHA'S VINEYARD, AND IN BROAD APPLICATION TO NEW ENGLAND AND THE NATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $709,102
Program Service Revenue $43,592
Investment Income $0
Other Revenue $4,316
TOTAL REVENUE $757,010

Expense Breakdown

Grants Paid $0
Salaries & Benefits $411,547
Fundraising Expenses $216,877
Program Expenses $610,459
Other Expenses $1,026,476
TOTAL EXPENSES $1,494,680

Year-over-Year Comparison

2023 2022 Change
Revenue $757,010 $1,827,137 -0.6%
Expenses $1,494,680 $1,400,273 +0.1%
Net Income $-737,670 $426,864 -2.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
14
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$176,783
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELE SASSO CHAIR 2.00
Officer Director
$0 $0 $0
JOYCE THORNHILL TREASURER 2.00
Officer Director
$0 $0 $0
COURTNEY LEE SECRETARY/CLERK 2.00
Officer Director
$0 $0 $0
MARTHA HART EDDY DIRECTOR 1.00
Director
$0 $0 $0
CATHERINE HARTNETT DIRECTOR 1.00
Director
$0 $0 $0
REBECCA HAVERSON DIRECTOR 1.00
Director
$0 $0 $0
JILL KARP DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH KEEN DIRECTOR 1.00
Director
$0 $0 $0
DAVID PARKER DIRECTOR 1.00
Director
$0 $0 $0
SIG VAN RAAN DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE PACHECO EXEC. DIRECTOR 40.00
Officer
$71,222 $0 $71,222
YVONNE MENDEZ EXEC. DIRECTOR (FMR.) 40.00
Officer
$105,561 $0 $105,561
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $757,010 $1,494,680 $2,926,933 $-737,670
2022 $1,827,137 $1,400,273 $3,722,630 $426,864
2021 $1,078,007 $954,351 $3,361,731 $123,656
2020 $837,956 $164,555 $3,445,135 $673,401
2020 $1,159,068 $1,018,044 $2,768,855 $141,024
2019 $1,965,027 $1,916,821 $2,613,850 $48,206
2018 $1,796,969 $1,482,832 $2,588,345 $314,137
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