V G C FOUNDATION: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
V G C FOUNDATION (EIN 04-3524402)
Tax period
2012-06-01 to 2013-05-31
Filed
2013-10-15
IRS object ID
201332889349300708
Schema version
2012v2.1
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)
Timestamp2013-10-15T08:20:29-05:00Timestamp
Tax Period End Date2013-05-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN043018997EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1FULCHINO O'REILLY & COMPANY PCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1155 MIDDLESEX TURNPIKEAddressLine1
CityBURLINGTONCity
StateMAState
ZIP Code01803ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-06-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN043524402EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1V G C FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlVGCFNameControl
Phone5086278930Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 9AddressLine1
CityEDGARTOWNCity
StateMAState
ZIP Code02539ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameJAMES F HICKMANName
TitlePRESIDENTTitle
Phone5086278930Phone
Date Signed2013-10-11DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameTHOMAS P FULCHINO CPAName
PTINP00151920PTIN
Phone7812705800Phone
Date Prepared2013-10-11DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonJAMES F HICKMANNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1100 CLUBHOUSE LANEAddressLine1
CityEDGARTOWNCity
StateMAState
ZIP Code02539ZIPCode
FieldValueIRS element (for citing)
Gross Receipts111214GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteN/AWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation2000YearFormation
State Legal DomicileMAStateLegalDomicile
Activity Or Mission DescriptionTHE PURPOSE OF THE FOUNDATION IS TO COLLECT AND DISTRIBUTE DONATIONS FOR CHARITABLE PURPOSES ON THE ISLAND OF MARTHA'S VINEYARD.ActivityOrMissionDescription
Nbr Voting Members Governing Body4NbrVotingMembersGoverningBody
Nbr Independent Voting Members4NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI-58TotalGrossUBI
Net Unrelated Business Txbl Income-57NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year166978ContributionsGrantsPriorYear
Contributions Grants Current Year104250ContributionsGrantsCurrentYear
Program Service Revenue Prior Year0ProgramServiceRevenuePriorYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Prior Year2815InvestmentIncomePriorYear
Investment Income Current Year6964InvestmentIncomeCurrentYear
Other Revenue Prior Year884OtherRevenuePriorYear
Other Revenue Current Year-58OtherRevenueCurrentYear
Total Revenue Prior Year170677TotalRevenuePriorYear
Total Revenue Current Year111156TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year16000GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY11000GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year0SalariesEtcPriorYear
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year67457OtherExpensePriorYear
Other Expenses Current Year129008OtherExpensesCurrentYear
Total Expenses Prior Year83457TotalExpensesPriorYear
Total Expenses Current Year140008TotalExpensesCurrentYear
Revenues Less Expenses Prior Year87220RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-28852RevenuesLessExpensesCY
Total Assets BOY640100TotalAssetsBOY
Total Assets EOY611248TotalAssetsEOY
Total Liabilities BOY3750TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY636350NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY611248NetAssetsOrFundBalancesEOY
Mission DescriptionTHE PURPOSE OF THE FOUNDATION IS TO COLLECT AND DISTRIBUTE DONATIONS FOR CHARITABLE PURPOSES ON THE ISLAND OF MARTHA'S VINEYARD.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense121834Expense
DescriptionTHE PURPOSE OF THE FOUNDATION IS TO COLLECT AND DISTRIBUTE DONATIONS FOR CHARITABLE PURPOSES ON THE ISLAND OF MARTHA'S VINEYARD.Description

Activity2 Activity2

FieldValueIRS element (for citing)
Expense11000Expense
Grants11000Grants
DescriptionSCHOLARSHIPS FOR CADDIES TO FURTHER THEIR EDUCATION.Description
FieldValueIRS element (for citing)
Total Program Service Expense132834TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required0ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities0ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities0ReportOtherLiabilities
Report Fin48 Footnote0ReportFin48Footnote
Independent Audit Financial Stmt0IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations1GrantsToOrganizations
Grants To Individuals1GrantsToIndividuals
Schedule J Required0ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity0RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10960NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees0NumberOfEmployees
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Form8899 Filed0Form8899Filed
Form1098 C Filed0Form1098CFiled
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members4NbrVotingGoverningBodyMembers
Number Independent Voting Members4NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy0ConflictOfInterestPolicy
Whistleblower Policy0WhistleblowerPolicy
Document Retention Policy0DocumentRetentionPolicy
Compensation Process CEO0CompensationProcessCEO
Compensation Process Other0CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledMAStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1KRISTIN WARRINERBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number5086278930TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1PO BOX 9AddressLine1
CityEDGARTOWNCity
StateMAState
ZIP Code02539ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (4 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficer
PARTHENIA KIERSTED
DIRECTOR5.00X000
JAMES HICKMAN
PRESIDENT5.00000X
MORTON FEAREY
TREASURER5.00000X
SARAH B RORER
CLERK5.00000X
FieldValueIRS element (for citing)
Total Reportable Comp From Org0TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation0TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K0TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K
All Other Contributions104250AllOtherContributions
Total Contributions104250TotalContributions

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column6964TotalRevenueColumn
Related Or Exempt Function Income6964RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Gross Income Fundraising Events0GrossIncomeFundraisingEvents
Fundraising Direct Expenses58FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column-58TotalRevenueColumn
Unrelated Business Revenue-58UnrelatedBusinessRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column111156TotalRevenueColumn
Related Or Exempt Function Income6964RelatedOrExemptFunctionIncome
Unrelated Business Revenue-58UnrelatedBusinessRevenue
Exclusion$0ExclusionAmount

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total11000Total
Program Services11000ProgramServices

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total2540Total
Management And General2540ManagementAndGeneral

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total300Total
Management And General300ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total364Total
Management And General364ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneral
DONATIONS121834121834
BANK CHARGES32993299
MISCELLANEOUS367367
POSTAGE209209

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total95Total
Management And General95ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total140008Total
Program Services132834ProgramServices
Management And General7174ManagementAndGeneral
Fundraising0Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY620460BOY
EOY592396EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

FieldValueIRS element (for citing)
BOY18909BOY
EOY18852EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis0LandBuildingsEquipmentBasis

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY731BOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY640100BOY
EOY611248EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY3750BOY
EOY0EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY3750BOY
EOY0EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY636350BOY
EOY611248EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY636350BOY
EOY611248EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY640100BOY
EOY611248EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses-28852ReconcilationRevenueExpenses
Reconcilation Other Changes3750ReconcilationOtherChanges
Method Of Accounting CashXMethodOfAccountingCash
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited0FSAudited
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2XPubliclySupportedOrg509a2

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years121841CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years137250CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years130200CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year166978CurrentTaxYearMinus1Year
Current Tax Year104250CurrentTaxYear
Total660519Total

Total509 Total509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years121841CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years137250CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years130200CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year166978CurrentTaxYearMinus1Year
Current Tax Year104250CurrentTaxYear
Total660519Total

Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years500CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years1000CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1500CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year3000CurrentTaxYearMinus1Year
Current Tax Year1500CurrentTaxYear
Total7500Total

Amts From Subst Contributors AmtsFromSubstContributors

FieldValueIRS element (for citing)
Total0Total

Support From DQ Ps Etc SupportFromDQPsEtc

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years500CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years1000CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1500CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year3000CurrentTaxYearMinus1Year
Current Tax Year1500CurrentTaxYear
Total7500Total
FieldValueIRS element (for citing)
Public Support Total509653019PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years7280CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years4279CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years3388CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year2815CurrentTaxYearMinus1Year
Current Tax Year6964CurrentTaxYear
Total24726Total

Post1975 UBTI Post1975UBTI

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years721CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years201CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years5159CurrentTaxYearMinus2Years
Total6081Total

Investment Income And UBTI InvestmentIncomeAndUBTI

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years8001CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years4480CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years8547CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year2815CurrentTaxYearMinus1Year
Current Tax Year6964CurrentTaxYear
Total30807Total

Total Support Total TotalSupportTotal

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years129842CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years141730CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years138747CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year169793CurrentTaxYearMinus1Year
Current Tax Year111214CurrentTaxYear
Total691326Total
FieldValueIRS element (for citing)
Public Support Percentage5090.94460PublicSupportPercentage509
Prior Year Support Percentage0.93070PriorYearSupportPercentage
Investment Income Percentage0.04460InvestmentIncomePercentage
Prior Yr Invest Income Percentage0.06050PriorYrInvestIncomePercentage
Thirty Three Percnt Tests CY509XThirtyThreePercntTestsCY509

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Of Book Value Land Buildings0TotalOfBookValueLandBuildings

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained0RecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII

FieldValueIRS element (for citing)
Type Of GrantSCHOLARSHIP FOR CADDIESTypeOfGrant
Number Of Recipients5NumberOfRecipients
Amount Of Cash Grant11000AmountOfCashGrant

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (3 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
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.
FORM 990, PART XI, LINE 9:WRITE OFF OF PROMISES TO GIVE TO OTHER ORGANIZATIONS RECORDED IN PRIOR YEARS WHICH WILL NOT BE PAID 3,750.CHANGES IN NET ASSETS OR FUND BALANCES:

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.