MARTHA'S VINEYARD COMMUNITY FOUNDATION INC

EIN: 842084322 501(c)(3) Philanthropy & Grantmaking

WEST TISBURY, MA

Total Revenue
$2,778,189
Total Expenses
$3,339,196
Total Assets
$15,100,827
Net Assets
$14,529,145
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
MA
Principal Officer
ISABELLE LEW
Phone
5083384665
Tax Period
2023-01-01 to 2023-12-31

MARTHA'S VINEYARD COMMUNITY FOUNDATION INC, founded in 1982, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.8M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE MARTHA'S VINEYARD COMMUNITY FOUNDATION, INC., SUCCESSOR TO THE PERMANENT ENDOWMENT FUND FOR MARTHA'S VINEYARD, THE ISLAND'S COMMUNITY FOUNDATION, PUTS CHARITABLE CONTRIBUTIONS TO WORK FOR THE PEOPLE OF MARTHA'S VINEYARD BY MAKING GRANTS THAT ADDRESS COMMUNITY NEEDS, FUNDING SCHOLARSHIPS FOR ISLAND STUDENTS, AND BUDILING AN ENDOWMENT TO PROVIDE THE RESORUCES TO ENHANCE AND PRESERVE THE QUALITY OF LIFE ON THE VINEYARD FOREVER.

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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 $2,487,126
Program Service Revenue $0
Investment Income $286,823
Other Revenue $4,240
TOTAL REVENUE $2,778,189

Expense Breakdown

Grants Paid $2,246,310
Salaries & Benefits $380,643
Fundraising Expenses $24,121
Program Expenses $2,726,773
Other Expenses $712,243
TOTAL EXPENSES $3,339,196

Year-over-Year Comparison

2023 2022 Change
Revenue $2,778,189 $4,107,391 -0.3%
Expenses $3,339,196 $3,407,431 0.0%
Net Income $-561,007 $699,960 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
7
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
$171,877
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL SCHULZ EXECUTIVE DI 40.00
Officer
$125,000 $5,000 $130,000
EMILY BRAMHALL FRMR EXECUTI 0.00
Officer
$41,460 $417 $41,877
OLLIE BECKER DIRECTOR 5.00
Director
$0 $0 $0
CAROL BIONDI DIRECTOR 5.00
Director
$0 $0 $0
CHRISTOPHER CELESTE DIRECTOR 5.00
Director
$0 $0 $0
JULIE FAY VICE-CHAIR 5.00
Officer Director
$0 $0 $0
ARIELLE FARIA DIRECTOR 5.00
Director
$0 $0 $0
ISABELLE LEW CLERK 5.00
Officer Director
$0 $0 $0
LUIZA MOUZINHO DIRECTOR 5.00
Director
$0 $0 $0
ELLEN PESCH DIRECTOR 5.00
Director
$0 $0 $0
LISA REAGAN DIRECTOR 5.00
Director
$0 $0 $0
MITCH RUBIN DIRECTOR 5.00
Director
$0 $0 $0
ALEC WALSH CHAIR 5.00
Officer Director
$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 $2,778,189 $3,339,196 $15,100,827 $-561,007
2022 $4,107,391 $3,407,431 $14,166,157 $699,960
2021 $2,758,397 $2,083,546 $16,148,193 $674,851
2020 $1,785,610 $1,760,580 $14,387,890 $25,030
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