V G C FOUNDATION: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
V G C FOUNDATION (EIN 04-3524402)
Tax period
2014-06-01 to 2015-05-31
Filed
2015-09-10
IRS object ID
201502539349300900
Schema version
2014v5.0
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

FieldValueIRS element (for citing)
Return2015-09-10T14:05:09-05:00ReturnTs
Tax Period End2015-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN043018997PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FULCHINO O'REILLY & COMPANY PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1155 MIDDLESEX TURNPIKEAddressLine1Txt
CityBURLINGTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01803ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-06-01TaxPeriodBeginDt

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)
PersonJAMES F HICKMANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5086278930PhoneNum
Signature2015-08-24SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTHOMAS P FULCHINO CPAPreparerPersonNm
PTINP00151920PTIN
Phone7812705800PhoneNum
Preparation2015-08-24PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJAMES F HICKMANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1100 CLUBHOUSE LANEAddressLine1Txt
CityEDGARTOWNCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02539ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$170,838GrossReceiptsAmt
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 Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$148,200PYContributionsGrantsAmt
CY Contributions Grants$164,850CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$5,655PYInvestmentIncomeAmt
CY Investment Income$5,988CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$153,855PYTotalRevenueAmt
CY Total Revenue$170,838CYTotalRevenueAmt
PY Grants And Similar Paid$9,750PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$7,250CYGrantsAndSimilarPaidAmt
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$260,422PYOtherExpensesAmt
CY Other Expenses$178,241CYOtherExpensesAmt
PY Total Expenses$270,172PYTotalExpensesAmt
CY Total Expenses$185,491CYTotalExpensesAmt
PY Revenues Less Expenses-$116,317PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$14,653CYRevenuesLessExpensesAmt
Total Assets BOY$494,931TotalAssetsBOYAmt
Total Assets EOY$480,278TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$494,931NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$480,278NetAssetsOrFundBalancesEOYAmt
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$170,726ExpenseAmt
DescTHE PURPOSE OF THE FOUNDATION IS TO COLLECT AND DISTRIBUTE DONATIONS FOR CHARITABLE PURPOSES ON THE ISLAND OF MARTHA'S VINEYARD.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$7,250ExpenseAmt
Grant$7,250GrantAmt
DescSCHOLARSHIPS FOR CADDIES AND OTHER CLUB EMPLOYEES TO FURTHER THEIR EDUCATION.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$177,976TotalProgramServiceExpensesAmt
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
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
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 IndividualsYes (1)GrantsToIndividualsInd
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 With Officer Ent0BusinessRlnWithOfficerEntInd
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
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind0Form8899Filedind
Form1098 C Filed0Form1098CFiledInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
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 Line1KRISTIN WARRINERBusinessNameLine1Txt
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 (5 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
JAMES HICKMAN
PRESIDENT5.00Yes (X)Yes (X)$0$0$0
MORTON FEAREY
TREASURER & CLERK5.00Yes (X)Yes (X)$0$0$0
SARAH B RORER
DIRECTOR5.00Yes (X)$0$0$0
PARTHENIA KIERSTED
DIRECTOR5.00Yes (X)$0$0$0
DOUGLAS L SACKS
DIRECTOR5.00Yes (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$164,850AllOtherContributionsAmt
Total Contributions$164,850TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,988TotalRevenueColumnAmt
Related Or Exempt Func Income$5,988RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$170,838TotalRevenueColumnAmt
Related Or Exempt Func Income$5,988RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$7,250TotalAmt
Program Services$7,250ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$2,100TotalAmt
Management And General$2,100ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$2,806TotalAmt
Management And General$2,806ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
DONATIONS$170,726$170,726
BANK CHARGES$2,246$2,246
POSTAGE$293$293
ANNUAL REPORT FEE$70$70

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$185,491TotalAmt
Program Services$177,976ProgramServicesAmt
Management And General$7,515ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$476,079BOYAmt
EOY$461,426EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$18,852BOYAmt
EOY$18,852EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$494,931BOYAmt
EOY$480,278EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$494,931BOYAmt
EOY$480,278EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$494,931BOYAmt
EOY$480,278EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$494,931BOYAmt
EOY$480,278EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$14,653ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
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$130,200CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$166,978CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$104,250CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$148,200CurrentTaxYearMinus1YearAmt
Current Tax Year$164,850CurrentTaxYearAmt
Total$714,478TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$130,200CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$166,978CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$104,250CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$148,200CurrentTaxYearMinus1YearAmt
Current Tax Year$164,850CurrentTaxYearAmt
Total$714,478TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,500CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,500CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,000CurrentTaxYearMinus1YearAmt
Current Tax Year$3,000CurrentTaxYearAmt
Total$11,000TotalAmt

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$1,500CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,500CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,000CurrentTaxYearMinus1YearAmt
Current Tax Year$3,000CurrentTaxYearAmt
Total$11,000TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$703,478PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,388CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,815CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,964CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,655CurrentTaxYearMinus1YearAmt
Current Tax Year$5,988CurrentTaxYearAmt
Total$24,810TotalAmt

Post1975 UBTI Post1975UBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,159CurrentTaxYearMinus4YearsAmt
Total$5,159TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$8,547CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,815CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,964CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,655CurrentTaxYearMinus1YearAmt
Current Tax Year$5,988CurrentTaxYearAmt
Total$29,969TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$138,747CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$169,793CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$111,214CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$153,855CurrentTaxYearMinus1YearAmt
Current Tax Year$170,838CurrentTaxYearAmt
Total$744,447TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.94500PublicSupportCY509Pct
Public Support PY5090.94760PublicSupportPY509Pct
Investment Income CY0.04030InvestmentIncomeCYPct
Investment Income PY0.03980InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeRAY ELLIS SCHOLARSHIP FOR CADDIES AND OTHER CLUB EMPLOYEESGrantTypeTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11FORM 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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