Marthas Vineyard Preservation Tr Inc
- Assets
- $22.7m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 21
- Location
- Edgartown, MA
- Founding
- 01/1976
- Data as of
- 12/2021
- EIN
- 04-6387676
Organization Overview
Marthas Vineyard Preservation Tr Inc, operating under the name Preservation Of Properties Trust, is located in Edgartown, MA. The organization was established in 1976. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Preservation Of Properties Trust employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preservation Of Properties Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Preservation Of Properties Trust generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO ACQUIRE, RESTORE, AND MAINTAIN THE HISTORIC LANDMARKS OF MARTHA'S VINEYARD. TO PRESERVE THE ISLAND'S UNIQUE CHARACTER, CULTURAL HISTORY, AND HERITAGE FOR THE COMMUNITY AND IT'S VISITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION OF THE HISTORICAL, CULTURAL AND ARCHITECTURAL TRADITIONS OF THE ISLAND OF MARTHA'S VINEYARD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nevette Previd Executive Director | Officer | 40 | $32,558 |
Brown Brooke Vice-Chair Of Events | OfficerTrustee | 1 | $0 |
Caraboolad Nancy T Vice-Chair Of Properties | OfficerTrustee | 1 | $0 |
Crews Deborah H Vice-Chair Of Community Outreach | OfficerTrustee | 1 | $0 |
Klein John E Chairman | OfficerTrustee | 1 | $0 |
Mackenty Elizabeth D Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $328,564 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,282,969 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,611,533 |
| Total Program Service Revenue | $349,983 |
| Investment income | $84,774 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$876 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$35,999 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,056,624 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $32,558 |
| Compensation of current officers, directors, key employees. | $7,814 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $363,950 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $73,636 |
| Payroll taxes | $38,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,890 |
| Fees for services: Accounting | $26,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $45,235 |
| Office expenses | $31,448 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,936 |
| Travel | $1,655 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,810 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $182,879 |
| Insurance | $112,749 |
| All other expenses | $61,408 |
| Total functional expenses | $1,882,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $801,863 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $123,412 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,541 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $18,215,804 |
| Investments—publicly traded securities | $3,114,130 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $449,097 |
| Total assets | $22,708,847 |
| Accounts payable and accrued expenses | $211,189 |
| Grants payable | $0 |
| Deferred revenue | $306,172 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $99,073 |
| Total liabilities | $616,434 |
| Net assets without donor restrictions | $21,926,858 |
| Net assets with donor restrictions | $165,555 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $22,708,847 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Marthas Vineyard Preservation Tr Inc has recieved totaling $242,580.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $64,350 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $51,000 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $30,500 |
Howard Johnson Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $21,000 |
Hoerle Foundation New York, NY PURPOSE: CHARITABLE | $21,000 |
Beagary Charitable Tr Brooklyn, CT PURPOSE: PROGRAMS | $12,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hamilton-Madison House Inc New York, NY | $11,830,050 | $17,173,913 |
Buffalo Olmsted Parks Conservancy Inc Buffalo, NY | $5,280,478 | $5,712,316 |
New York Landmarks Conservancy Inc New York, NY | $20,181,669 | $5,556,998 |
Marthas Vineyard Museum Inc Vineyard Haven, MA | $28,426,122 | $2,586,449 |
Florence Griswold Museum Inc Old Lyme, CT | $32,307,778 | $2,875,061 |
Friends Of Hildene Inc Manchester, VT | $15,529,063 | $5,299,027 |
Sakonnet Preservation Assoc Inc Little Compton, RI | $7,767,895 | $3,666,448 |
Mattatuck Historical Society Waterbury, CT | $30,372,011 | $3,496,557 |
Edith Wharton Restoration Inc Lenox, MA | $18,245,381 | $3,306,294 |
Rhode Island Historical Society Providence, RI | $30,696,643 | $3,629,513 |
Galvan Initiatives Foundation New York, NY | $45,061,487 | $6,375,160 |
Concord Antiquarian Society Concord, MA | $23,141,155 | $2,972,281 |