Marthas Vineyard Museum Inc
- Assets
- $28.4m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 30
- Location
- Vineyard Haven, MA
- Founding
- 11/1981
- Data as of
- 12/2020
- EIN
- 04-2160642
Organization Overview
Marthas Vineyard Museum Inc is located in Vineyard Haven, MA. The organization was established in 1981. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2020, Marthas Vineyard Museum Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marthas Vineyard Museum Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Marthas Vineyard Museum Inc generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MARTHA'S VINEYARD MUSEUM INSPIRES ALL PEOPLE TO DISCOVER, EXPLORE, AND STRENGTHEN THEIR CONNECTIONS TO THIS ISLAND AND ITS DIVERSE HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITIONS, PROGRAMS, EVENTS, AND RESEARCH LIBRARY FOCUSING ON MARTHA'S VINEYARD HISTORY AND CULTURE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Wallis Former Executive Director | Officer | 40 | $124,634 |
Heather Seger Executive Director | Officer | 40 | $120,000 |
Carol H Carroll Director Of Finance & Admi | Officer | 40 | $71,394 |
Meredith Degen Treasurer | OfficerTrustee | 2 | $0 |
David Grain Secretary | OfficerTrustee | 2 | $0 |
Paul Schneider Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Consigli Construction Co Construction Project | 12/30/19 | $1,134,629 |
Landscope Landscape Construction Landscape Construction | 12/30/19 | $263,500 |
International Chimney Corporation Lighthouse Restoration | 12/30/19 | $198,000 |
Lew French Garden Design & Installation | 12/30/19 | $400,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $200,055 |
| Fundraising events | $61,900 |
| Related organizations | $0 |
| Government grants | $299,721 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,826,786 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,388,462 |
| Total Program Service Revenue | $82,360 |
| Investment income | $102,287 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,101 |
| Net Income from Fundraising Events | -$2,200 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,439 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,586,449 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $316,028 |
| Compensation of current officers, directors, key employees. | $162,266 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $799,958 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $87,469 |
| Payroll taxes | $93,556 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $163 |
| Fees for services: Accounting | $20,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $70,031 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $188,906 |
| Travel | $356 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $276,396 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $960,870 |
| Insurance | $68,168 |
| All other expenses | $98,195 |
| Total functional expenses | $3,416,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,190,727 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $811,118 |
| Accounts receivable, net | $250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $40,453 |
| Prepaid expenses and deferred charges | $25,981 |
| Net Land, buildings, and equipment | $23,546,447 |
| Investments—publicly traded securities | $2,811,146 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,426,122 |
| Accounts payable and accrued expenses | $419,115 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,800,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,219,115 |
| Net assets without donor restrictions | $17,141,423 |
| Net assets with donor restrictions | $4,065,584 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $28,426,122 |
Grants Recieved
Over the last fiscal year, we have identified 38 grants that Marthas Vineyard Museum Inc has recieved totaling $689,238.
| Awarding Organization | Amount |
|---|---|
Bodman Family Foundation El Paso, TX PURPOSE: GENERAL NEEDS OF ORGANIZATION | $115,000 |
Linnemann Family Foundation Cincinnati, OH PURPOSE: GENERAL SUPPORT | $114,400 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $109,405 |
Phoebe R And John D Lewis Foundation Glendale, WI PURPOSE: ANNUAL FUND | $75,000 |
Lloyd Trotter And Teri Trotter Charitable Trust Jupiter, FL PURPOSE: GENERAL OPERATING SUPPORT | $37,000 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $35,000 |
Endowment Analysis
| Beg. Balance | $2,483,614 |
| Earnings | $335,332 |
| Net Contributions | $65,000 |
| Other Expense | $72,800 |
| Ending Balance | $2,811,146 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hamilton-Madison House Inc New York, NY | $11,830,050 | $17,173,913 |
Buffalo Olmsted Parks Conservancy Inc Buffalo, NY | $5,280,478 | $5,712,316 |
New York Landmarks Conservancy Inc New York, NY | $20,181,669 | $5,556,998 |
Marthas Vineyard Museum Inc Vineyard Haven, MA | $28,426,122 | $2,586,449 |
Florence Griswold Museum Inc Old Lyme, CT | $32,307,778 | $2,875,061 |
Friends Of Hildene Inc Manchester, VT | $15,529,063 | $5,299,027 |
Sakonnet Preservation Assoc Inc Little Compton, RI | $7,767,895 | $3,666,448 |
Mattatuck Historical Society Waterbury, CT | $30,372,011 | $3,496,557 |
Edith Wharton Restoration Inc Lenox, MA | $18,245,381 | $3,306,294 |
Rhode Island Historical Society Providence, RI | $30,696,643 | $3,629,513 |
Galvan Initiatives Foundation New York, NY | $45,061,487 | $6,375,160 |
Concord Antiquarian Society Concord, MA | $23,141,155 | $2,972,281 |