V G C FOUNDATION: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
V G C FOUNDATION (EIN 04-3524402)
Tax period
2021-06-01 to 2022-05-31
Filed
2023-02-25
IRS object ID
202330569349300403
Schema version
2021v4.2
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

FieldValueIRS element (for citing)
Return2023-02-25T10:05:40-06:00ReturnTs
Tax Period End2022-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN042943536PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1TONNESON & COMPANY PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1401 EDGEWATER PLACE SUITE 300AddressLine1Txt
CityWAKEFIELDCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01880ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN043524402EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1V G C FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlVGCFBusinessNameControlTxt
Phone5086278930PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 9AddressLine1Txt
CityEDGARTOWNCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02539ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID DEKKERPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5086278930PhoneNum
Signature2023-01-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDAVIDPersonFirstNm
Person LastDEKKERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTHOMAS P FULCHINO CPAPreparerPersonNm
PTINP00151920PTIN
Phone7812459999PhoneNum
Preparation2023-01-10PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDAVID DEKKERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1606 POST ROAD EAST SUITE 673AddressLine1Txt
CityWESTPORTCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06880ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$160,588GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2000FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTHE PURPOSE OF THE FOUNDATION IS TO COLLECT AND DISTRIBUTE DONATIONS FOR CHARITABLE PURPOSES ON THE ISLAND OF MARTHA'S VINEYARD.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$162,500PYContributionsGrantsAmt
CY Contributions Grants$160,500CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$105PYInvestmentIncomeAmt
CY Investment Income$88CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$162,605PYTotalRevenueAmt
CY Total Revenue$160,588CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$98,711PYOtherExpensesAmt
CY Other Expenses$87,490CYOtherExpensesAmt
PY Total Expenses$98,711PYTotalExpensesAmt
CY Total Expenses$87,490CYTotalExpensesAmt
PY Revenues Less Expenses$63,894PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$73,098CYRevenuesLessExpensesAmt
Total Assets BOY$223,300TotalAssetsBOYAmt
Total Assets EOY$270,048TotalAssetsEOYAmt
Total Liabilities BOY$28,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,650TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$195,300NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$268,398NetAssetsOrFundBalancesEOYAmt
MissionTHE PURPOSE OF THE FOUNDATION IS TO COLLECT AND DISTRIBUTE DONATIONS FOR CHARITABLE PURPOSES ON THE ISLAND OF MARTHA'S VINEYARD.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$79,115ExpenseAmt
Revenue$160,500RevenueAmt
DescTHE PURPOSE OF THE FOUNDATION IS TO COLLECT AND DISTRIBUTE DONATIONS FOR CHARITABLE PURPOSES ON THE ISLAND OF MARTHA'S VINEYARD.ALSO PROVIDE A GRANT TO STUDY SOIL CONDITIONS, PLANT LIFE AND MICRO-CLIMATE, SPECIFIC TO THE ISLAND OF MARTHA'S VINEYARD FOR THE PURPOSE OF IMPROVING AND ENHANCING THE GROWING SEASON.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$6,500ExpenseAmt
DescSCHOLARSHIPS FOR CADDIES AND OTHER CLUB EMPLOYEES TO FURTHER THEIR EDUCATION.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$85,615TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DAVID DEKKERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5086278930PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 9AddressLine1Txt
CityEDGARTOWNCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02539ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DAVID DEKKER
PRESIDENT2.00Yes (X)Yes (X)$0$0$0
DOUGLAS SACKS
TREASURER & CLERK2.00Yes (X)Yes (X)$0$0$0
ANDREW MARCUS
DIRECTOR2.00Yes (X)Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$160,500AllOtherContributionsAmt
Total Contributions$160,500TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$88TotalRevenueColumnAmt
Exclusion$88ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$160,588TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$88ExclusionAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$1,650TotalAmt
Management And General$1,650ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
DONATIONS$79,115$79,115
SCHOLARSHIPS$6,500$6,500
POSTAGE$135$135
ANNUAL FORM PC FEE$70$70

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$20TotalAmt
Management And General$20ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$87,490TotalAmt
Program Services$85,615ProgramServicesAmt
Management And General$1,875ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
EOY$6,027EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$69,800BOYAmt
EOY$107,521EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$153,500BOYAmt
EOY$156,500EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$223,300BOYAmt
EOY$270,048EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
EOY$1,650EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$28,000BOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$28,000BOYAmt
EOY$1,650EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$195,300BOYAmt
EOY$268,398EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$195,300BOYAmt
EOY$268,398EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$223,300BOYAmt
EOY$270,048EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$73,098ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$168,100CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$114,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$159,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$162,500CurrentTaxYearMinus1YearAmt
Current Tax Year$160,500CurrentTaxYearAmt
Total$764,100TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$168,100CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$114,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$159,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$162,500CurrentTaxYearMinus1YearAmt
Current Tax Year$160,500CurrentTaxYearAmt
Total$764,100TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,000CurrentTaxYearMinus1YearAmt
Current Tax Year$2,000CurrentTaxYearAmt
Total$10,000TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,000CurrentTaxYearMinus1YearAmt
Current Tax Year$2,000CurrentTaxYearAmt
Total$10,000TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$754,100PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,445CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$987CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$142CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$105CurrentTaxYearMinus1YearAmt
Current Tax Year$88CurrentTaxYearAmt
Total$3,767TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,445CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$987CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$142CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$105CurrentTaxYearMinus1YearAmt
Current Tax Year$88CurrentTaxYearAmt
Total$3,767TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$170,545CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$114,987CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$159,142CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$162,605CurrentTaxYearMinus1YearAmt
Current Tax Year$160,588CurrentTaxYearAmt
Total$767,867TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.98210PublicSupportCY509Pct
Public Support PY5090.97890PublicSupportPY509Pct
Investment Income CY0.00490InvestmentIncomeCYPct
Investment Income PY0.00830InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 PART VI LINE 10: ALL BOARD OF GOVERNORS ARE PROVIDED COPIES OF FORM 990. THE PRESIDENT AND SEVERAL OFFICERS REVIEW AND APPROVE IT.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.

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