MARGINAL WAY PRESERVATION FUND: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- MARGINAL WAY PRESERVATION FUND (EIN 01-0957572)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202413199349301621
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T07:54:47-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 042962008 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL C MELLO CPA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 331 ELSBREE STREET | AddressLine1Txt |
| City | FALL RIVER | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 027207211 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010957572 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARGINAL WAY PRESERVATION FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MARG | BusinessNameControlTxt |
| Phone | 2076044884 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 1455 | AddressLine1Txt |
| City | OGUNQUIT | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 03907 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN PHINNEY | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2076044884 | PhoneNum |
| Signature | 2024-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CHRISTOPHER MELLO | PreparerPersonNm |
| PTIN | P02438159 | PTIN |
| Phone | 5086754500 | PhoneNum |
| Preparation | 2024-11-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOHN PHINNEY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14 SANDY POINT | AddressLine1Txt |
| City | OGUNQUIT | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 03907 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $754,364 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HTTPS://WWW.MARGINALWAYFUND.ORG/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2010 | FormationYr |
| Legal Domicile State | ME | LegalDomicileStateCd |
| Activity Or Mission | THE MARGINAL WAY PRESERVATION FUND IS A NON-PROFIT ORGANIZATION THAT RAISES MONEY TO FUND AN ENDOWMENT WHOSE MISSION IT IS TO FUND PROJECTS TO REPAIR, PRESERVE AND BEAUTIFY THE SCENIC COASTAL WALKWAY LOCATED IN THE TOWN OF OGUNQUIT, MAINE, MORE PARTICULARLY KNOWN AS THE MARGINAL WAY. THE MARGINAL WAY WAS OFFICIALLY PLACED ON THE NATIONAL REGISTER OF HISTORIC PLACES BY THE UNITED STATES DEPARTMENT OF THE INTERIOR ON MARCH 23, 2022, AND IS VISITED BY HUNDREDS OF THOUSANDS OF PEOPLE EACH YEAR WHO WALK THE PATH. | ActivityOrMissionDesc |
| Voting Members Governing Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 14 | VotingMembersIndependentCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Total Volunteers | 14 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $586,684 | PYContributionsGrantsAmt |
| CY Contributions Grants | $663,204 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $117,605 | PYInvestmentIncomeAmt |
| CY Investment Income | $91,160 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $704,289 | PYTotalRevenueAmt |
| CY Total Revenue | $754,364 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $51,177 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $119,284 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $165,323 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $181,519 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $81,963 | PYOtherExpensesAmt |
| CY Other Expenses | $101,710 | CYOtherExpensesAmt |
| PY Total Expenses | $201,247 | PYTotalExpensesAmt |
| CY Total Expenses | $318,210 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $503,042 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $436,154 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,834,985 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,489,192 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $9,013 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $7,189 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $2,825,972 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,482,003 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MARGINAL WAY PRESERVATION FUND IS A NON-PROFIT ORGANIZATION THAT RAISES MONEY TO FUND AN ENDOWMENT WHOSE MISSION IT IS TO FUND PROJECTS TO REPAIR, PRESERVE AND BEAUTIFY THE SCENIC COASTAL WALKWAY LOCATED IN THE TOWN OF OGUNQUIT, MAINE, MORE PARTICULARLY KNOWN AS THE MARGINAL WAY. THE MARGINAL WAY WAS OFFICIALLY PLACED ON THE NATIONAL REGISTER OF HISTORIC PLACES BY THE UNITED STATES DEPARTMENT OF THE INTERIOR ON MARCH 23, 2022, AND IS VISITED BY HUNDREDS OF THOUSANDS OF PEOPLE EACH YEAR WHO WALK THE PATH. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $51,177 | ExpenseAmt |
| Grant | $51,177 | GrantAmt |
| Desc | THE MWPF SOLICITS CONTRIBUTIONS THROUGH FUNDRAISING ACTIVITIES. THESE CONTRIBUTIONS ARE USED TO FUND THE ORGANIZATION'S ENDOWMENT. ENDOWMENT EARNINGS ARE THEN LEVERAGED FOR PROJECTS RELATED TO BEAUTIFY, IMPROVE OR MAINTAIN THE TOWN OF OGUNQUIT, MAINE'S SCENIC COASTAL WALKWAY, KNOWN AS THE MARGINAL WAY. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | THE MWPF SOLICITS CONTRIBUTIONS THROUGH FUNDRAISING ACTIVITIES. THESE CONTRIBUTIONS ARE USED TO FUND THE ORGANIZATION'S ENDOWMENT. ENDOWMENT EARNINGS ARE THEN LEVERAGED FOR PROJECTS RELATED TO BEAUTIFY, IMPROVE OR MAINTAIN THE TOWN OF OGUNQUIT, MAINE'S SCENIC COASTAL WALKWAY, KNOWN AS THE MARGINAL WAY. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $51,177 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 3 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 1 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 14 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | ME | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ALLISON RAMSEY | PersonNm |
| Phone | 2076044884 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2396 | AddressLine1Txt |
| City | OGUNQUIT | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 03907 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd |
|---|---|---|---|---|---|---|---|
| ALLISON RAMSEY | |||||||
| EXECUTIVE DI | 40.00 | Yes (X) | $120,000 | $0 | $0 | ||
| SCOOP CARLILE | |||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| LISA EMERSON-STOCLET | |||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| LOUESA GILLESPIE | |||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| LAUREN HAJJAR | |||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| MARY KETT | |||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| DR CAROL LEARY | |||||||
| PRESIDENT EM | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| CHRISTOPHER MELLO | |||||||
| TREASURER | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| KATLYN MITSCH | |||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| SUMNER NYSTEDT | |||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| JIM OLIVER | |||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| NAN RAMSEY | |||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| BILL SAWYER | |||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| CHARLIE HINDMARSH | |||||||
| VICE PRESIDE | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| BARBARA O'LEARY | |||||||
| SECRETARY | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| JOHN PHINNEY | |||||||
| PRESIDENT | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $120,000 | TotalReportableCompFromOrgAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Fundraising | $140,176 | FundraisingAmt |
| All Other Contributions | $523,028 | AllOtherContributionsAmt |
| Total Contributions | $663,204 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $86,338 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $19,936 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $66,402 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $4,822 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $4,822 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,822 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $191 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $4,631 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rpt Fundraising Event | $140,176 | ContriRptFundraisingEventAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $754,364 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $20,127 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $71,033 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,177 | TotalAmt |
| Program Services | $51,177 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $155,604 | TotalAmt |
| Management And General | $44,904 | ManagementAndGeneralAmt |
| Fundraising | $110,700 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,719 | TotalAmt |
| Management And General | $1,944 | ManagementAndGeneralAmt |
| Fundraising | $7,775 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $472 | TotalAmt |
| Management And General | $472 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,373 | TotalAmt |
| Management And General | $15,373 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,317 | TotalAmt |
| Management And General | $2,811 | ManagementAndGeneralAmt |
| Fundraising | $1,506 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,042 | TotalAmt |
| Fundraising | $26,042 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,953 | TotalAmt |
| Management And General | $11,707 | ManagementAndGeneralAmt |
| Fundraising | $246 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,984 | TotalAmt |
| Management And General | $597 | ManagementAndGeneralAmt |
| Fundraising | $2,387 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,221 | TotalAmt |
| Fundraising | $8,221 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,062 | TotalAmt |
| Management And General | $2,062 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| ANNUAL APPEAL | $9,925 | $9,925 | |
| OTHER FUNDRAISING COSTS | $6,017 | $6,017 | |
| CREDIT CARD FEES | $5,594 | $5,594 | |
| PLAQUE EXPENSES | $4,960 | $4,960 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,790 | TotalAmt |
| Management And General | $50 | ManagementAndGeneralAmt |
| Fundraising | $3,740 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $318,210 | TotalAmt |
| Program Services | $51,177 | ProgramServicesAmt |
| Management And General | $85,514 | ManagementAndGeneralAmt |
| Fundraising | $181,519 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $422,708 | BOYAmt |
| EOY | $255,604 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,323 | BOYAmt |
| EOY | $59,102 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $124,398 | BOYAmt |
| EOY | $156,950 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $3,375 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,213 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,837 | BOYAmt |
| EOY | $2,162 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,233,719 | BOYAmt |
| EOY | $3,015,374 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,834,985 | BOYAmt |
| EOY | $3,489,192 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,013 | BOYAmt |
| EOY | $7,189 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,013 | BOYAmt |
| EOY | $7,189 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,933,603 | BOYAmt |
| EOY | $2,192,165 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $892,369 | BOYAmt |
| EOY | $1,289,838 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,825,972 | BOYAmt |
| EOY | $3,482,003 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,834,985 | BOYAmt |
| EOY | $3,489,192 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $436,154 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $220,552 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$675 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | Yes (true) | AccountantCompileOrReviewInd |
| FS Audited | false | FSAuditedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $166,723 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $169,533 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $847,271 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $586,684 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $663,204 | CurrentTaxYearAmt |
| Total | $2,433,415 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $130,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $139,515 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $114 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year | $19,936 | CurrentTaxYearAmt |
| Total | $289,565 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $296,723 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $309,048 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $847,385 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $586,684 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $683,140 | CurrentTaxYearAmt |
| Total | $2,722,980 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $2,722,980 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $66,072 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $66,402 | CurrentTaxYearAmt |
| Total | $132,474 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $66,072 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $66,402 | CurrentTaxYearAmt |
| Total | $132,474 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $296,723 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $309,048 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $847,385 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $652,756 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $749,542 | CurrentTaxYearAmt |
| Total | $2,855,454 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.95360 | PublicSupportCY509Pct |
| Public Support PY509 | 0.97180 | PublicSupportPY509Pct |
| Investment Income CY | 0.05000 | InvestmentIncomeCYPct |
| Investment Income PY | 0.03000 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,375 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,213 | DepreciationAmt |
| Book Value | $2,162 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,162 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ENDOWMENT | Desc |
| Book Value | $3,015,374 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $3,015,374 | TotalBookValueProgramRltdAmt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | BENEFITS & FUNC | Event1Nm |
| Gross Receipts Event1 | $140,176 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $140,176 | CharitableContriEvent1Amt |
| Gross Receipts Total | $140,176 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $140,176 | CharitableContributionsTotAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | THE MARGINAL WAY PRESERVATION FUND IS A NON-PROFIT ORGANIZATION THAT RAISES MONEY TO FUND AN ENDOWMENT WHOSE MISSION IT IS TO FUND PROJECTS TO REPAIR, PRESERVE AND BEAUTIFY THE SCENIC COASTAL WALKWAY LOCATED IN THE TOWN OF OGUNQUIT, MAINE, MORE PARTICULARLY KNOWN AS THE MARGINAL WAY. THE MARGINAL WAY WAS OFFICIALLY PLACED ON THE NATIONAL REGISTER OF HISTORIC PLACES BY THE UNITED STATES DEPARTMENT OF THE INTERIOR ON MARCH 23, 2022, AND IS VISITED BY HUNDREDS OF THOUSANDS OF PEOPLE EACH YEAR WHO WALK THE PATH. |
| FORM 990, PAGE 1, PART I, LINE 6 | THE MARGINAL WAY PRESERVATION FUND IS GOVERNED BY A VOLUNTEER GROUP THAT SERVES ON THE BOARD OF DIRECTORS AND SOME WHO SERVE AS EXECUTIVE OFFICERS. THE EXECUTIVE DIRECTOR, WHO REPORTS TO THE PRESIDENT AND CHAIR DESIGNS AND IMPLEMENTS ALL FUNDRAISING ACTIVITIES AND RUNS THE DAY-TO-DAY OPERATIONS OF THE ORGANIZATION. THE BOARD'S VARIOUS CHAIRS OVERSEE THE INVESTMENT POLICY THAT GOVERNS THE ENDOWMENT AND APPROVE THE ANNUAL BUDGET COVERING THE OPERATIONS OF THE NON-PROFIT. |
| FORM 990, PAGE 2, PART III, LINE 4D | THE MWPF SOLICITS CONTRIBUTIONS THROUGH FUNDRAISING ACTIVITIES. THESE CONTRIBUTIONS ARE USED TO FUND THE ORGANIZATION'S ENDOWMENT. ENDOWMENT EARNINGS ARE THEN LEVERAGED FOR PROJECTS RELATED TO BEAUTIFY, IMPROVE OR MAINTAIN THE TOWN OF OGUNQUIT, MAINE'S SCENIC COASTAL WALKWAY, KNOWN AS THE MARGINAL WAY. |
| FORM 990, PAGE 6, PART VI, LINE 6 | THE MWPF HAS ONLY BOARD MEMBERS AND EXECUTIVE OFFICERS. THERE ARE NO SHAREHOLDERS OR SHARE CLASSES. |
| FORM 990, PAGE 6, PART VI, LINE 7A | NEW BOARD MEMBERS ARE NOMINATED AND ELECTED BY THE EXISTING BOARD. BOARD MEMBERS HAVE THE RIGHT TO A SINGLE VOTE ON ALL ISSUES RELATED TO THE NONPROFIT'S ACTIVITIES. |
| FORM 990, PAGE 6, PART VI, LINE 7B | KEY DECISIONS, AS DETERMINED BY THE EXECUTIVE COMMITTEE, ARE SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS. KEY DECISIONS INCLUDE, BUT ARE NOT LIMITED TO, APPROVING THE ANNUAL OPERATING AND STRATEGIC BUDGET, APPROVING FUNDING REQUESTS RELATED TO ITS MISSION, THE APPOINTMENT OF EXECUTIVE OFFICERS, THE APPOINTMENT OF COMMITTEE HEADS AND THE APPOINTMENT OF THE EXECUTIVE DIRECTOR. THE BOARD CREATED A SEPARATE COMPENSATION COMMITTEE TO DETERMINE AND RECOMMEND TO THE FULL BOARD THE ANNUAL COMPENSATION OF ITS EXECUTIVE DIRECTOR. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE 990 IS REVIEWED AND APPROVED BY THE ORGANIZATION'S EXECUTIVE OFFICERS, WHICH IS COMPRISED OF THE ORGANIZATION'S EXECUTIVE DIRECTOR, PRESIDENT, VICE PRESIDENT AND TREASURER PRIOR TO SHARING WITH THE BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 12C | ALL BOARD MEMBERS ARE REQUIRED TO SIGN ANNUALLY A CODE OF CONDUCT WHICH INCLUDES A CONFLICT-OF-INTEREST STATEMENT WHERE THEY DISCLOSE ALL POTENTIAL CONFLICTS THEY BELIEVE MAY EXIST BETWEEN THEMSELVES AND THE NON-PROFIT. THE BOARD HAS ESTABLISHED A PROCESS TO REVIEW AND REMEDY ALL CONFLICTS DISCLOSED AND MEETS EACH QUARTER TO RESOLVE ANY CONFLICTS IDENTIFIED. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE TOP OFFICIAL IS THE PRESIDENT AND CHAIRPERSON; THIS POSITION IS NOT COMPENSATED. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE EXECUTIVE DIRECTOR IS THE NON-PROFIT'S TOP OFFICER AND IS COMPENSATED. THE EXECUTIVE DIRECTOR'S ANNUAL PERFORMANCE REVIEW IS MANAGED BY THE PRESIDENT AND VICE PRESIDENT AND DISCUSSED AND APPROVED BY THE BOARD. THE PERFORMANCE REVIEW ID GIVEN TO THE BOARDS COMPENSATION COMMITTEE WHICH ENGAGES THE SERVICES OF AN INDEPENDENT CONSULTANTS TO DETERMINE COMPENSATION RANGES FOR EXECUTIVE DIRECTORS WITH A SIMILAR SCOPE OF RESPONSIBILITIES. THE COMPENSATION COMMITTEE MAKES A COMPENSATION RECOMMENDATION TO THE BOARD FOR DISCUSSION AND APPROVAL. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE BYLAWS GOVERNING THE NON-PROFIT ARE PUBLISHED ON THE MARGINAL WAY PRESERVATION FUND WEBSITE, WHICH IS AVAILABLE TO THE GENERAL PUBLIC AT HTTPS://WWW.MARGINALWAYFUND.ORG/ABOUT/BYLAWS/. |
| FORM 990, PART XI, LINE 9 | BOOK / TAX DEPRECIATION DIFFERENCE -675 |
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