Hospice Of Marthas Vineyard Inc
- Assets
- $7.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 21
- Location
- Vineyard Haven, MA
- Founding
- 12/1982
- Data as of
- 12/2021
- EIN
- 04-2770996
Organization Overview
Hospice Of Marthas Vineyard Inc is located in Vineyard Haven, MA. The organization was established in 1982. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 12/2021, Hospice Of Marthas Vineyard Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hospice Of Marthas Vineyard 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 12/2021, Hospice Of Marthas Vineyard Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 16.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING HOSPICE CARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SERVICE & CARING PROGRAMS FOR THE TERMINALLY ILL AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Wozniak Executive Director | Officer | 40 | $59,000 |
Thomas Hallahan Former Executive Director | Officer | 40 | $44,317 |
Sharon Eckhardt Clerk | OfficerTrustee | 2 | $0 |
Alfred Wollacott III Treasurer | OfficerTrustee | 2 | $0 |
Robert Sarno Vice President | OfficerTrustee | 2 | $0 |
Jim Butterick President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $189,767 |
| Related organizations | $0 |
| Government grants | $173,065 |
| All other contributions, gifts, grants, and similar amounts not included above | $368,457 |
| Noncash contributions included in lines 1a–1f | $34,172 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $731,289 |
| Total Program Service Revenue | $0 |
| Investment income | $156,189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $173,060 |
| Net Income from Fundraising Events | $55,071 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,115,609 |
| 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. | $103,317 |
| Compensation of current officers, directors, key employees. | $82,654 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $735,688 |
| Pension plan accruals and contributions | $5,546 |
| Other employee benefits | $11,140 |
| Payroll taxes | $66,189 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,156 |
| Fees for services: Accounting | $28,096 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,319 |
| Fees for services: Other | $204,499 |
| Advertising and promotion | $9,680 |
| Office expenses | $127,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,848 |
| Travel | $6,977 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,691 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,488,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,911 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,702 |
| Net Land, buildings, and equipment | $367,014 |
| Investments—publicly traded securities | $6,976,113 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,536,740 |
| Accounts payable and accrued expenses | $39,344 |
| 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 | $599,938 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $639,282 |
| Net assets without donor restrictions | $1,758,041 |
| Net assets with donor restrictions | $5,139,417 |
| 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 | $7,536,740 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Hospice Of Marthas Vineyard Inc has recieved totaling $64,150.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $19,600 |
Kathryn Goodman Foundation West Tisbury, MA PURPOSE: HOSPICE AND BEREAVEMENT SERVICES | $10,000 |
Peter & Elizabeth C Tower Foundation Tr Getzville, NY PURPOSE: CHARITABLE | $10,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $5,200 |
The Tow Foundation Inc New Canaan, CT PURPOSE: 2021 DISCRETIONARY GRANT | $5,000 |
Kohlberg Foundation Inc Armonk, NY PURPOSE: GRANT TO FURTHER DONEE'S EXEMPT PURPOSE | $5,000 |
Endowment Analysis
| Beg. Balance | $6,134,796 |
| Earnings | $698,193 |
| Admin Expense | $150,000 |
| Net Contributions | $103,403 |
| Ending Balance | $6,786,392 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tufts Medicine Care At Home Inc Lawrence, MA | $34,697,054 | $22,121,108 |
Hospice Of The Good Shepherd Inc Newton, MA | $15,111,435 | $18,556,868 |
The Connecticut Hospice Inc Branford, CT | $20,802,713 | $21,548,024 |
Vna Care Hospice Inc Worcester, MA | $19,818,375 | $17,813,208 |
Hospice Of Orange & Sullivan Counties Inc Newburgh, NY | $15,508,795 | $17,553,346 |
Niagara Hospice Inc Lockport, NY | $17,396,237 | $19,351,682 |
Central Vermont Home Health & Hospice Inc Barre, VT | $29,117,936 | $18,588,932 |
Regional Hospice And Home Care Of Western Connecticut Inc Danbury, CT | $17,743,367 | $12,967,328 |
Old Colony Hospice Inc West Bridgewater, MA | $9,721,380 | $15,166,124 |
Hebrew Seniorlife Hospice Care Inc Boston, MA | $6,881,796 | $13,201,054 |
East End Hospice Inc Westhampton Beach, NY | $19,358,291 | $12,310,188 |
The Caring Coalition Of Central New York Liverpool, NY | $15,436,835 | $11,979,869 |