MARGINAL WAY PRESERVATION FUND: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- MARGINAL WAY PRESERVATION FUND (EIN 01-0957572)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-05-11
- IRS object ID
- 202241319349302119
- Schema version
- 2021v4.0
- 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 | 2022-05-11T10:11:11-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | 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 | 2021-01-01 | 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 | 2022-05-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JOHN | PersonFirstNm |
| Person Last | PHINNEY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CHRISTOPHER MELLO | PreparerPersonNm |
| PTIN | P02438159 | PTIN |
| Phone | 5086754500 | PhoneNum |
| Preparation | 2022-05-10 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | 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 | $847,385 | 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 MWPF NON-PROFIT ORGANIZATION RAISES MONEY FOR ITS ENDOWMENT WHOSE EARNINGS ARE USED TO FUND PROJECTS NEEDED TO BEAUTIFY, IMPROVE AND MAINTAIN 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. | 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 | $309,048 | PYContributionsGrantsAmt |
| CY Contributions Grants | $847,271 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| CY Investment Income | $114 | CYInvestmentIncomeAmt |
| PY Other Revenue | $62,771 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $371,819 | PYTotalRevenueAmt |
| CY Total Revenue | $847,385 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $4,500 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $89,536 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $107,302 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $125,067 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $58,133 | PYOtherExpensesAmt |
| CY Other Expenses | $68,406 | CYOtherExpensesAmt |
| PY Total Expenses | $147,669 | PYTotalExpensesAmt |
| CY Total Expenses | $180,208 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $224,150 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $667,177 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,742,309 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,629,895 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $6,950 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,740 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,735,359 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $2,625,155 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE MWPF NON-PROFIT ORGANIZATION RAISES MONEY FOR ITS ENDOWMENT WHOSE EARNINGS ARE USED TO FUND PROJECTS NEEDED TO BEAUTIFY, IMPROVE AND MAINTAIN THE MARGINAL WAY SCENIC COASTAL WALKWAY. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $4,500 | ExpenseAmt |
| Grant | $4,500 | GrantAmt |
| Desc | THE MWPF SOLICITS CONTRIBUTIONS EITHER 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 |
| Total Program Service Expenses | $4,500 | 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 | false | 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 |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 1 | 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 |
| DAF Excess Business Holdings | false | DAFExcessBusinessHoldingsInd |
| 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 | false | 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 (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| SCOOP CARLILE | ||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |
| LISA EMERSON-STOCLET | ||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |
| LOUESA GILLESPIE | ||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |
| LAUREN HAJJAR | ||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |
| MARY KETT | ||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |
| DR CAROL LEARY | ||||||
| PRESIDENT EM | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CHRISTOPHER MELLO | ||||||
| TREASURER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SUMNER NYSTEDT | ||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |
| JIM OLIVER | ||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |
| NAN RAMSEY | ||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |
| BILL SAWYER | ||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |
| CHARLIE HINDMARSH | ||||||
| VICE PRESIDE | 1.00 | $0 | $0 | $0 | Yes (X) | |
| BARBARA O'LEARY | ||||||
| SECRETARY | 1.00 | $0 | $0 | $0 | Yes (X) | |
| JOHN PHINNEY | ||||||
| PRESIDENT | 4.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Fundraising | $86,391 | FundraisingAmt |
| Government Grants | $12,753 | GovernmentGrantsAmt |
| All Other Contributions | $748,127 | AllOtherContributionsAmt |
| Total Contributions | $847,271 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $114 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $114 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rpt Fundraising Event | $86,391 | ContriRptFundraisingEventAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $847,385 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $114 | RelatedOrExemptFuncIncomeAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,500 | TotalAmt |
| Program Services | $4,500 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,615 | TotalAmt |
| Management And General | $19,923 | ManagementAndGeneralAmt |
| Fundraising | $79,692 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,687 | TotalAmt |
| Management And General | $1,537 | ManagementAndGeneralAmt |
| Fundraising | $6,150 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $765 | TotalAmt |
| Management And General | $765 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,400 | TotalAmt |
| Management And General | $13,400 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,788 | TotalAmt |
| Management And General | $5,462 | ManagementAndGeneralAmt |
| Fundraising | $4,326 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,056 | TotalAmt |
| Fundraising | $5,056 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,473 | TotalAmt |
| Management And General | $7,067 | ManagementAndGeneralAmt |
| Fundraising | $406 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,719 | TotalAmt |
| Management And General | $744 | ManagementAndGeneralAmt |
| Fundraising | $2,975 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,689 | TotalAmt |
| Fundraising | $6,689 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,648 | TotalAmt |
| Management And General | $1,648 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| PLAQUE EXPENSES | $7,136 | $7,136 | |
| ANNUAL APPEAL | $6,992 | $6,992 | |
| DUES & SUBSCRIPTIONS | $5,645 | $5,645 | |
| BANK CHARGES | $95 | $95 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $180,208 | TotalAmt |
| Program Services | $4,500 | ProgramServicesAmt |
| Management And General | $50,641 | ManagementAndGeneralAmt |
| Fundraising | $125,067 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $173,397 | BOYAmt |
| EOY | $412,489 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,874 | BOYAmt |
| EOY | $224,898 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,392 | BOYAmt |
| EOY | $101,243 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,368,646 | BOYAmt |
| EOY | $1,891,265 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,742,309 | BOYAmt |
| EOY | $2,629,895 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,950 | BOYAmt |
| EOY | $4,740 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,950 | BOYAmt |
| EOY | $4,740 | 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 | $454,983 | BOYAmt |
| EOY | $841,915 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,280,376 | BOYAmt |
| EOY | $1,783,240 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,735,359 | BOYAmt |
| EOY | $2,625,155 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,742,309 | BOYAmt |
| EOY | $2,629,895 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $667,177 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $222,619 | NetUnrlzdGainsLossesInvstAmt |
| 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 | $32,428 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $25,088 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $166,723 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $169,533 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $847,271 | CurrentTaxYearAmt |
| Total | $1,241,043 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $218,336 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $211,626 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $130,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $139,515 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $114 | CurrentTaxYearAmt |
| Total | $699,591 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $250,764 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $236,714 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $296,723 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $309,048 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $847,385 | CurrentTaxYearAmt |
| Total | $1,940,634 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $1,940,634 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $97,788 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6 | CurrentTaxYearMinus3YearsAmt |
| Total | $97,794 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $97,788 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6 | CurrentTaxYearMinus3YearsAmt |
| Total | $97,794 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $348,552 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $236,720 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $296,723 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $309,048 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $847,385 | CurrentTaxYearAmt |
| Total | $2,038,428 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.95200 | PublicSupportCY509Pct |
| Public Support PY509 | 0.92600 | PublicSupportPY509Pct |
| Investment Income CY | 0.05000 | InvestmentIncomeCYPct |
| Investment Income PY | 0.07000 | 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 |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ENDOWMENT | Desc |
| Book Value | $1,891,265 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $1,891,265 | TotalBookValueProgramRltdAmt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | BENEFITS & FUNC | Event1Nm |
| Gross Receipts Event1 | $86,391 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $86,391 | CharitableContriEvent1Amt |
| Gross Receipts Total | $86,391 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $86,391 | CharitableContributionsTotAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 1, PART I, LINE 6 | VOLUNTEERS OF THE MARGINAL WAY PRESERVATION FUND ARE COMPRISED OF THE BOARD OF DIRECTORS AND EXECUTIVE OFFICERS WHO GOVERN THE EXECUTIVE OFFICERS AND EXECUTIVE DIRECTOR, DESIGN AND IMPLEMENT FUNDRAISING ACTIVITIES, OVERSEE THE INVESTMENT POLICY THAT GOVERNS THE ENDOWMENT, AND APPROVE THE ANNUAL BUDGET COVERING THE OPERATIONS OF THE NON-PROFIT AND ALLOCATION OF DONATION REVENUE CONSISTENT WITH ITS MISSION. |
| FORM 990, PAGE 5, PART V, LINE 3B | THERE WERE NO FUNDS GENERATED THAT WOULD BE CONSIDERED UNRELATED BUSINESS INCOME FOR THE MARGINAL WAY PRESERVATION FUND DURING THE FISCAL PERIOD. |
| FORM 990, PAGE 6, PART VI, LINE 6 | THE MWPF HAS BOARD MEMBERS AND EXECUTIVE OFFICERS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | 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 NON- PROFIT'S ACTIVITIES. |
| FORM 990, PAGE 6, PART VI, LINE 7B | KEY DECISIONS, AS DETERMINED BY THE EXECUTIVE COMMITTEE, ARE SUBJECT TO APPROVAL BY BOARD MEMBERS. KEY DECISIONS INCLUDE APPROVING THE ANNUAL OPERATING AND STRATEGIC BUDGET, THE APPOINTMENT OF EXECUTIVE OFFICERS, THE APPOINTMENT OF COMMITTEE HEADS AND THE APPOINTMENT OF THE 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 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 RECEIVES COMPENSATION. THE EXECUTIVE DIRECTOR'S ANNUAL PERFORMANCE REVIEW IS MANAGED BY THE PRESIDENT AND VICE PRESIDENT AND DISCUSSED AND APPROVED BY THE BOARD. ANNUAL COMPENSATION IS REVIEWED BY THE NON-PROFIT'S COMPENSATION COMMITTEE, WHICH PROVIDES THE PRESIDENT AND VICE PRESIDENT WITH ITS COMPENSATION RECOMMENDATION. THE COMPENSATION COMMITTEE ENGAGES INDEPENDENT CONSULTANTS TO DETERMINE COMPENSATION RANGES FOR EXECUTIVE DIRECTORS WITH A SIMLIAR SCOPE OF RESPONSIBILITIES. FINAL COMPENSATION DECISIONS ARE APPROVED BY THE BOARD AND ANY CHANGES ARE COMMUNICATED BY THE PRESIDENT TO THE EXECUTIVE DIRECTOR. |
| 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 | THE MISSION OF THE MARGINAL WAY PRESERVATION FUND IS TO RAISE FUNDS FOR ITS ENDOWMENT. THE INVESTMENT EARNINGS GENERATED BY THE ENDOWMENT ARE USED TO FUND PROJECTS THAT BEAUTIFY, MAINTAIN AND PRESERVE THE MARGINAL WAY. THE NON-PROFIT REVIEWS AND APPROVES THE FUNDING OF PROJECTS BASED ON FUNDING REQUESTS IT RECEIVES FROM VARIOUS ENTITIES THAT DESIGN AND EXECUTE THE WORK NEEDED. IN 2021, THE NON-PROFIT GENERATED MISSION RELATED CONTRIBUTIONS OF 847,385 AND INCURRED MISSION RELATED EXPENSES OF 130,771 AND ORGANIZATIONAL EXPENSES OF 49,437. THE ENDOWMENT GENERATED 222,619 OF INCOME AND UNREALIZED GAINS. |
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