Vineyard Power Development Fund Inc
- Assets
- $104.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Vineyard Haven, MA
- Founding
- Data as of
- 12/2022
- EIN
- 87-2762989
Organization Overview
Vineyard Power Development Fund Inc is located in Vineyard Haven, MA. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vineyard Power Development Fund 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 12/2022, Vineyard Power Development Fund Inc generated $72.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (13.0%) each year.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
N/A FOR 2021.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Andre President | 6 | $27,375 | |
Michael Jacobs Chairman | 0.25 | $0 | |
Rob Hannemann Treasurer | 0.25 | $0 | |
William Lake Clerk | 0.25 | $0 | |
Ron Dagostino Director | 0.25 | $0 | |
Ann Berwick Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,730 |
| Total Program Service Revenue | $70,000 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $72,730 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $28,462 |
| Professional fees and other payments to independent contractors | $165,607 |
| Occupancy, rent, utilities, and maintenance | $5,172 |
| Printing, publications, postage, and shipping | $1,925 |
| Other expenses | $1,563 |
| Total expenses | $202,729 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $94,358 |
| Other assets | $0 |
| Total assets | $104,358 |
| Total liabilities | $138,321 |
| Net assets or fund balances | -$33,963 |