2021-11-09T14:37:57-06:00 2020-12-31 042917204 ANSTISS & CO PC 6 OMNI WAY SUITE 201 CHELMSFORD MA 018244141 990 2020-04-01 842084322 MARTHA'S VINEYARD COMMUNITY FOUNDATION INC SUCCESSOR TO MART 5083384665 PO BOX 243 WEST TISBURY MA 02575 ANNE D WILLIAMSON CHAIR/PRESIDENT 5083384665 2021-11-08 true ANNE WILLIAMSON 999009999 JAYNE A ANDREWS P00514653 9784522500 2021-11-08 2020 2022-09-23 18:48:47Z X PERMANENT ENDOWMENT FUND FOR ANNE D WILLIAMSON PO BOX 243 WEST TISBURY MA 02575 8946487 false X WWW.MARTHASVINEYARDCF.ORG X 1982 MA THE MARTHA'S VINEYARD COMMUNITY FOUNDATION, INC., SUCCESSOR TO THE PERMANENT ENDOWMENT FUND FOR MARTHA'S VINEYARD, THE ISLAND'S COMMUNITY FOUNDATION, PUTS CHARITABLE CONTRIBUTIONS TO WORK FOR THE PEOPLE OF MARTHA'S VINEYARD BY MAKING GRANTS THAT ADDRESS COMMUNITY NEEDS, FUNDING SCHOLARSHIPS FOR ISLAND STUDENTS, AND BUDILING AN ENDOWMENT TO PROVIDE THE RESORUCES TO ENHANCE AND PRESERVE THE QUALITY OF LIFE ON THE VINEYARD FOREVER. X 11 11 3 0 933098 1373842 4156 0 776993 399852 5200 11916 1719447 1785610 1848844 896539 0 228880 184903 0 22473 356549 679138 2434273 1760580 -714826 25030 12842215 14387890 155981 203336 12686234 14184554 X THE MARTHA'S VINEYARD COMMUNITY FOUNDATION, INC., SUCCESSOR TO THE PERMANENT ENDOWMENT FUND FOR MARTHA'S VINEYARD, THE ISLAND'S COMMUNITY FOUNDATION, PUTS CHARITABLE CONTRIBUTIONS TO WORK FOR THE PEOPLE OF MARTHA'S VINEYARD BY MAKING GRANTS THAT ADDRESS COMMUNITY NEEDS, FUNDING SCHOLARSHIPS FOR ISLAND STUDENTS, AND BUDILING AN ENDOWMENT TO PROVIDE THE RESORUCES TO ENHANCE AND PRESERVE THE QUALITY OF LIFE ON THE VINEYARD FOREVER. false false 1414055 896539 PUTTING CONTRIBUTIONS TO WORK FOR THE BENEFIT OF THE MARTHA'S VINEYARD COMMUNITY THROUGH GRANTS TO ISLAND NON-PROFIT ORGANIZATIONS AND SCHOLARSHIPS TO MARTHA'S VINEYARD STUDENTS. 1414055 true true false false false true false false false true true false false false true true true false false false false false false false false false false true true false false false false false false false false false true false false true false false false false false true 7 0 true 3 true false false false false false false false false false false false false false false false X 11 11 false false true false false false false true true false false true true true true false false true false false MA X X X X THE ORGANIZATION 5083384665 PO BOX 243 WEST TISBURY MA 02575 EMILY BRAMHALL EXECUTIVE DI 35.00 X 113400 0 0 KERRY ALLEY FORMER VICE- 5.00 X X 0 0 0 MARY BRESLAUER DIRECTOR 5.00 X 0 0 0 JULIE FAY DIRECTOR 5.00 X 0 0 0 CARLENE J GATTING DIRECTOR 5.00 X 0 0 0 SANDRA GRYMES DIRECTOR 5.00 X 0 0 0 ADRIANA IGNACIO DIRECTOR 5.00 X 0 0 0 PAUL KARASIK FORMER DIREC 5.00 X 0 0 0 ISABELLE LEW VICE-CHAIR/S 5.00 X X 0 0 0 JENNIFER MARLIN FORMER DIREC 5.00 X 0 0 0 EDWARD MILLER TREASURER 5.00 X X 0 0 0 ALEC WALSH DIRECTOR 5.00 X 0 0 0 JAMES WEISS DIRECTOR 5.00 X 0 0 0 ANNE D WILLIAMSON CHAIR/PRESID 5.00 X X 0 0 0 HIGHMOUNT FIDUCIARY FORMER TRUST 40.00 X 0 0 0 113400 1 false false false 1373842 57753 1373842 174462 174462 900 900 900 900 7386267 7160877 225390 225390 225390 MISCELLANEOUS INCOME 11016 11016 11016 1785610 411768 561836 561836 334703 334703 110040 110040 61220 61220 13643 13643 21286 21286 13090 13090 40486 40486 3274 3274 6939 6939 10352 10352 20245 20245 22966 22966 3204 3204 4246 4246 PROJECT COSTS 517516 517516 NEWSLETTER/ANNUAL REPORT 9756 9756 OTHER DEVELOPMENT EXPENSE 5778 5778 1760580 1414055 324052 22473 134320 394736 1035 2824 33856 15040 16469 18816 12554193 13850946 136198 120568 12842215 14387890 22533 20868 61900 133448 120568 155981 203336 X 5412442 6172946 7273792 8011608 12686234 14184554 12842215 14387890 X 25030 1473290 X false true X true false X 442976 488270 624238 933098 1373842 3862424 442976 488270 624238 933098 1373842 3862424 3862424 219055 369083 427779 343703 175362 1534982 1838 1400 4156 11016 18410 5415816 0.71320 0.62090 X PART II, LINE 10 NET ADMIN FEES AND OTHER MISC 7,394 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3 38500 48843 15616 true true 12058298 234090 1849502 474194 228279 13439417 11640378 339070 2079275 1794929 205496 12058298 13293280 135430 -1077205 423586 287541 11640378 10573724 2601663 1640043 1260129 262021 13293280 10295311 532080 473160 425270 301557 10573724 0.40620 0.04980 0.54400 true false 33856 15040 18816 18816 LEASE LIABILITIES 120568 120568 X 3218414 1473290 1473290 1745124 40486 40486 1785610 1720094 1720094 40486 40486 1760580 SCHEDULE D, PAGE 2, PART V, LINE 4 BROWN ADVISORY IN CONJUNCTION WITH FIDELITY INVESTMENTS SERVES AS INVESTMENT MANAGER AND EXECUTES INVESTMENT TRANSACTIONS IN ACCORDANCE WITH THE INVESTMENT POLICY AND ASSET ALLOCATIONS APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS. SCHEDULE D, PAGE 3, PART X THE FOUNDATION, RECOGNIZED UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS AS A TAX-EXEMPT ENTITY, HAS BEN GRANTED TAX-EXEMPT STATUS UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION AS DEFINED BY SECTION 509(A) OF THE IRC. THEREFORE, IT IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED FOR IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION IS REQUIRED BY ASC 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES," TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE AND TO THE COMMONWEALTH OF MASSACHUSETTS ON AN ANNUAL BASIS. THESE INFORMATIONAL RETURNS ARE GENERALLY SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR A PERIOD OF THREE YEARSAFTER FILING. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO REVIEW BY TAXING AUTHORITIES FOR PERIODS PRIOR TO 2018. SUBSTANTIALLY ALL OF THE FUNDATION'S INCOME, EXPENDITURES, AND ACTIVITIES RELATE TO ITS EXEMPT PURPOSE. THEREFORE, MANAGEMENT HAS DETERMINED THAT THE FOUNDATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAXES AND WILL CONTINUE TO QUALIFY AS A TAX-EXEMPT NOT-FOR-PROFIT ENTITY. SCHEDULE D, PAGE 4, PART XI, LINE 4B INVESTMENT MANAGEMENT FEES 40,486 SCHEDULE D, PAGE 4, PART XII, LINE 4B INVESTMENT MANAGEMENT FEES 40,486 false CORONASTOMPERS PO BOX 9000 EDGARTOWN MA 02539 842084322 501C3 6000 PROGRAM SUPPORT COUNTY OF DUKES COUNTY PO BOX 190 EDGARTOWN MA 02539 046001422 GOV 14350 PROGRAM SUPPORT DUKES COUNTY REGIONAL HOUSING AUTHORITY PO BOX 4538 VINEYARD HAVEN MA 02568 046001422 GOV 112685 RENTAL RELIEF DUKES COUNTY SOCIAL SERVICES PO BOX 190 EDGARTOWN MA 02539 046001422 GOV 12000 HEALTH CARE ACCESS FRIENDS OF EDGARTOWN COUNCIL ON AGING PO BOX 1295 EDGARTOWN MA 02539 042797721 501C3 10000 PROGRAM SUPPORT FRIENDS OF FAMILY PLANNING OF MV PO BOX 4165 VINEYARD HAVEN MA 02568 222794431 501C3 6000 PROGRAM SUPPORT FRIENDS OF MVYRADIO INC PO BOX 1148 VINEYARD HAVEN MA 02568 463432541 501C3 13231 PROGRAM SUPPORT FUEL INC 75 SUMMER STREET VINEYARD HAVEN MA 02568 814752116 501C3 20000 PROGRAM SUPPORT GARDEN GATE CHILD DEVELOPMENT CENTER INC PO BOX 2666 VINEYARD HAVEN MA 02568 043470389 501C3 11900 PROGRAM SUPPORT GOOD SHEPHERD PARISH PO BOX 1058 VINEYARD HAVEN MA 02568 383700872 501C3 25000 FOOD SECURITY HARBOR HOMES OF MV PO BOX 4795 VINEYARD HAVEN MA 02568 832996138 501C3 10400 HOUSING HOSPICE OF MARTHA'S VINEYARD INC PO BOX 1748 VINEYARD HAVEN MA 02568 042770996 501C3 5225 PROGRAM SUPPORT INSTITUTE FOR NONPROFIT PRACTICE 980 WASHINGTON STREET DEDHAM MA 02026 471613050 501C3 6850 PROGRAM SUPPORT ISLAND AUTISM GROUP PO BOX 2786 EDGARTOWN MA 02539 300661116 501C3 6000 PROGRAM SUPPORT ISLAND FOOD PANTRY PO BOX 1874 VINEYARD HAVEN MA 02568 823476772 501C3 29000 FOOD SECURITY ISLAND GROWN INITIATIVE PO BOX 622 VINEYARD HAVEN MA 02568 205773892 501C3 58548 PROGRAM SUPPORT MARTHA'S VINEYARD CANCER SUPPORT PO BOX 2214 VINEYARD HAVEN MA 02568 043282215 501C3 10000 PROGRAM SUPPORT MARTHA'S VINEYARD CENTER FOR LIVING PO BOX 1729 VINEYARD HAVEN MA 02568 042545770 501C3 10453 PROGRAM SUPPORT MARTHA'S VINEYARD COMMUNITY SERVICE 111 EDGARTOWN ROAD VINEYARD HAVEN MA 02568 042301598 501C3 20825 PROGRAM SUPPORT MARTHA'S VINEYARD FILM FESTIVAL PO BOX 592 CHILMARK MA 02535 030550258 501C3 7500 PROGRAM SUPPORT MARTHA'S VINEYARD HOSPITAL PO BOX 1477 OAK BLUFFS MA 02557 042104691 501C3 28615 PROGRAM SUPPORT MARTHA'S VINEYARD LAND BANK PO BOX 2057 EDGARTOWN MA 02539 GOV 13173 PROGRAM SUPPORT MARTHA'S VINEYARD SHELLFISH GROUP PO BOX 1552 OAK BLUFFS MA 02557 042612898 501C3 9831 PROGRAM SUPPORT MASSACHUSETTS AUDUBON SOCIETY 207 SOUTH GATE ROAD LINCOLN MA 01773 042104702 501C3 19000 FELIX NECK SANCTUARY MARTHA'S VINEYARD FISHERMEN'S PRESERVATION TRUST INC PO BOX 96 MENEMSHA MA 02552 453546941 501C3 10000 FOOD SECURITY THE RED STOCKING FUND PO BOX 600 EDGARTOWN MA 02539 223291208 501C3 10165 PROGRAM SUPORT SAIL MARTHA'S VINEYARD PO BOX 1998 VINEYARD HAVEN MA 02568 223240911 501C3 10000 PROGRAM SUPPORT SHERIFF'S MEADOW FOUNDATION PO BOX 1088 VINEYARD HAVEN MA 02568 046111529 501C3 21441 PROGRAM SUPPORT THE YARD PO BOX 405 CHILMARK MA 02535 237348937 501C3 7500 PROGRAM SUPPORT VINEYARD MONTESSORI SCHOOL 286 MAIN STREET VINEYARD HAVEN MA 02568 042566645 501C3 12700 PROGRAM SUPPORT 30 SCHOLARSHIPS FOR EDUCATIO 107 334703 SCHEDULE I, PAGE 1, PART I, LINE 2 GRANT CRITERIA AND APPLICATION REQUIREMENTS INCLUDE THE COMPLETION OF NARRATIVE AND FINANCIAL REPORTING REGARDING THE USE OF FUNDS ANNUALLY. X 3 57753 QUOTED MARKET PRICE false true true SCHEDULE M, PAGE 1, PART I, LINE 32B BROWN ADVISOR SERVES AS THE INVESTMENT MANAGER AND EXECUTES PURCHASES AND SALES IN ACCORDANCE WITH THE INVESTMENT POLICY APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS. CASH 2020-04-01 136947 842084322 PERMANENT ENDOWMENT FOR MARTHA'S VINEYARD INC PO BOX 243 WEST TISBURY MA 02575 501C3 INVESTMENTS 2020-04-01 10493481 MARKET 842084322 PERMANENT ENDOWMENT FOR MARTHA'S VINEYARD INC PO BOX 243 WEST TISBURY MA 02575 501C3 FIXED ASSETS 2020-04-01 19220 BOOK 842084322 PERMANENT ENDOWMENT FOR MARTHA'S VINEYARD INC PO BOX 243 WEST TISBURY MA 02575 501C3 OTHER ASSETS 2020-04-01 134233 NPV 842084322 PERMANENT ENDOWMENT FOR MARTHA'S VINEYARD INC PO BOX 243 WEST TISBURY MA 02575 501C3 ACCOUNTS PAYABLE 2020-04-01 18249 842084322 PERMANENT ENDOWMENT FOR MARTHA'S VINEYARD INC PO BOX 243 WEST TISBURY MA 02575 501C3 OTHER LIABILITIES 2020-04-01 133448 NPV 842084322 PERMANENT ENDOWMENT FOR MARTHA'S VINEYARD PO BOX 243 WEST TISBURY MA 02575 501C3 NET ASSETS 2020-04-01 10632184 842084322 PERMANENT ENDOWMENT FOR MARTHA'S VINEYARD INC PO BOX 243 WEST TISBURY MA 02575 501C3 true true false false SCHEDULE N, PART II, PAGE 2, LINE 2E ALL BOARD MEMERS OF PERMANENT ENDOWMENT FUND FOR MARTHA'S VINEYARD BECAME THE BOARD MEMBERS OF PERMANENT ENDOWMENT FOR MARTHA'S VINEYARD, INC. AS FOLLOWS: ANNE WILLIAMSON, PRESIDENT KERRY H. ALLEY, CLERK EDWARD F. MILLER, TREASURER CARLENE GATTING SANDRA GRYMES PAUL KARASIK ISABELLE LEW JENNIFER MARLIN JAMES WEISS THE EXECUTIVE DIRECTOR OF PERMANENT ENDOWMENT FUND FOR MARTHA'S VINEYARD BECAME THE EXECUTIVE DIRECTOR OF PERMANENT ENDOWMENT FOR MARTHA'S VINEYARD, INC. SCHEDULE N DURING 2019, THE PERMANENT ENDOWMENT FUND FOR MARTHA'S VINEYARD, A TRUST, EIN 04-2774790 CREATED A NEW CORPORATION NAMED PERMANENT ENDOWMENT FOR MARTHA'S VINEYARD, INC., EIN 84-2084322, EXEMPT UNDER SEC. 501(C)(3) OF THE INTERNAL REVENUE CODE. THE NAME WAS SUBSEQUENTLY CHANGED TO MARTHA'S VINEYARD COMMUNITY FOUNDATION, INC. UPON APPROVAL BY THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE AND THE MASSACHUSETTS PROBATE COURT IN EARLY 2020, THE FOUNDATION TRANSFERRED ALL THE ASSETS, LIABILITIES, AND NET ASSETS OF THE FOUNDATION TO THE NEW CORPORATION ON APRIL 1, 2020 AND TERMINATED THE TRUST UNDER WHICH IT WAS ORIGINALLY FORMED. OTHER THAN THE NAME CHANGE AND AS OTHERWISE NOTED DUE TO THE COVID-19 PANDEMIC, THERE WAS NO INTERRUPTION OF SERVICES OR CHANGE IN OPERATIONS AS A RESULT OF THIS TRANSFER. FORM 990, PAGE 1, ITEM C MARTHA'S VINEYARD (TRUST) ALSO D/B/A PERMANENT ENDOWMENT FOR MARTHA'S VINEYARD, INC. FORM 990 - ORGANIZATION'S MISSION THE MARTHA'S VINEYARD COMMUNITY FOUNDATION, INC., SUCCESSOR TO THE PERMANENT ENDOWMENT FUND FOR MARTHA'S VINEYARD, THE ISLAND'S COMMUNITY FOUNDATION, PUTS CHARITABLE CONTRIBUTIONS TO WORK FOR THE PEOPLE OF MARTHA'S VINEYARD BY MAKING GRANTS THAT ADDRESS COMMUNITY NEEDS, FUNDING SCHOLARSHIPS FOR ISLAND STUDENTS, AND BUDILING AN ENDOWMENT TO PROVIDE THE RESORUCES TO ENHANCE AND PRESERVE THE QUALITY OF LIFE ON THE VINEYARD FOREVER. FORM 990, PAGE 6, PART VI, LINE 4 THE FOUNDATION ADOPTED A NEW SET OF ARTICLES OF ORGANIZATION AND BY-LAWS WHEN THEY TRANSFERRED ALL THE ASSETS, LIABILITIES, AND NET ASSETS, AND TERMINATED THE TRUST, FORMERLY PERMANENT ENDOWMENT FUND FOR MARTHA'S VINEYARD TO THE NEW CORPORATION, PERMANENT ENDOWMENT FOR MARTHA'S VINEYARD, INC. SUBSEQUENTLY, THE NAME WAS CHANGED TO MARTHA'S VINEYARD COMMUNITY FOUNDATION, INC. THE BASIC SUBSTANCE, MISSION, AND OPERATIONS OF THE CORPORATION REMAIN THE SAME AS THE FORMER TRUST. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE WHICH REPORTS TO THE FULL BOARD. FORM 990, PAGE 6, PART VI, LINE 12C ANNUALLY, DISCLOSURE FORMS ARE FILLED OUT BY EACH BOARD MEMBER AND UPDATES ARE REQUESTED BASED ON ANY CHANGES THAT MAY OCCUR THROUGHOUT THE YEAR. ALL BOARD MEMBERS ARE ALSO REQUIRED TO SUBMIT THE MARTHA'S VINEYARD COMMUNITY FOUNDATION, INC. POLICIES BOARD MEMBER ANNUAL STATEMENT OF COMPLIANCE FORM. FORM 990, PAGE 6, PART VI, LINE 15A THE LEVEL OF COMPENSATION IS DETERMINED BY THE PERSONNEL COMMITTEE WHICH CONSISTS OF THE BOARD CHAIR AND THE CHAIRS OF ALL THE OTHER BOARD COMMITTEES. FORM 990, PAGE 6, PART VI, LINE 18 THE FORM 990, GOVERNING DOCUMENTS, AND POLICIES ARE AVAILABLE FROM THE FOUNDATION UPON REQUEST. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE ON REQUEST AT THE ORGANIZATION'S OFFICES. FORM 990, PART XI, LINE 9 INVESTMENT MANAGEMENT FEES -40,486 INVESTMENT MANAGEMENT FEES 40,486