VINEYARD ARTS PROJECT LIMITED

EIN: 261394793 501(c)(3) Arts, Culture & Humanities

EDGARTOWN, MA

Total Revenue
$221,556
Total Expenses
$282,864
Total Assets
$38,376
Net Assets
$38,376
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
MA
Phone
5084132104
Tax Period
2023-01-01 to 2023-12-31

VINEYARD ARTS PROJECT LIMITED, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $222K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $283K exceeded revenue, resulting in a 28% operating deficit.

Mission

Vineyard Arts Project is an incubator for the creation of new work in dance and theater. An artistic residency space located on the beautiful island of Martha's Vineyard VAP provides visiting artists the necessary time accommodation and rehearsal space that allows them to focus solely on the development of their new work. We also support the next generation of artists and creators by partnering with young artist training programs.

Program Service Accomplishments

Program 1
Expenses: $19,038 Revenue: $7,500

The theatrical residency program fosters the development of original theater and musical theater works by emerging writers and lyricists. These artists are given time and space to write as well as...

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The theatrical residency program fosters the development of original theater and musical theater works by emerging writers and lyricists. These artists are given time and space to write as well as the opportunity to do a development workshop. There are companies that return each season along with NY Boston or LA companies selected by the Artistic Director and through an open call process.

Program 2
Expenses: $23,798 Revenue: $10,000

New Choreography Lab fosters the development of new dance and choreographic work by emerging choreographers. These artists are given time and space to develop their new work and do a workshop...

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New Choreography Lab fosters the development of new dance and choreographic work by emerging choreographers. These artists are given time and space to develop their new work and do a workshop performance. Between five and seven companies made Vineyard Arts Project part of their creative process in the 2023 season. They are selected either by the Artistic Director or through an open call process.

Program 3
Expenses: $4,760 Revenue: $11,850

Young Artist Training Program Jones Haywood Dance is an arts education organization dedicated to enriching the lives of students through the arts. Parrticipants rehearse take part in skill building...

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Young Artist Training Program Jones Haywood Dance is an arts education organization dedicated to enriching the lives of students through the arts. Parrticipants rehearse take part in skill building classes and perform in a showcase at the conclusion of their time at Vineyard Arts Project

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $97,595
Program Service Revenue $123,961
Investment Income $0
Other Revenue $0
TOTAL REVENUE $221,556

Expense Breakdown

Grants Paid $0
Salaries & Benefits $170,581
Fundraising Expenses $0
Program Expenses $47,596
Other Expenses $112,283
TOTAL EXPENSES $282,864

Year-over-Year Comparison

2023 2022 Change
Revenue $221,556 $301,829 -0.3%
Expenses $282,864 $265,208 +0.1%
Net Income $-61,308 $36,621 -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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Governance

Voting Members
6
Independent Members
6
Employees
3
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
0
$0
Total Directors
0
$0
Key Employees
1
$97,846
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ashley Melone Founder and Artistic Director 40.00
Key Emp
$97,846 $0 $97,846
Caroline Cronson Board Member 1.00
$0 $0 $0
Cate Homlish Board Member 1.00
$0 $0 $0
James Lapine Board Member 1.00
$0 $0 $0
Thomas Melone Board Member 1.00
$0 $0 $0
Joellen Melone Board Member 1.00
$0 $0 $0
Ariel Weekes Board Member 1.00
$0 $0 $0
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 $221,556 $282,864 $38,376 $-61,308
2022 $301,829 $265,208 $99,684 $36,621
2021 $247,760 $256,147 $63,063 $-8,387
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