Sail Marthas Vineyard Inc
- Assets
- $1.5m
- Revenue
- $453.4k
- Investments
- $0.0
- Employees
- 14
- Location
- Vineyard Haven, MA
- Founding
- 09/1993
- Data as of
- 12/2022
- EIN
- 22-3240911
Organization Overview
Sail Marthas Vineyard Inc is located in Vineyard Haven, MA. The organization was established in 1993. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Sail Marthas Vineyard Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sail Marthas Vineyard Inc 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 12/2022, Sail Marthas Vineyard Inc generated $453.4k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $540.9k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE AND PROTECT THE MARITIME HISTORY, CULTURE AND SKILLS OF MARTHA'S VINEYARD THROUGH ON THE WATER ACADEMICS AND ENVIRONMENTAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENHANCE THE RESIDENTS' WELL BEING WITH SAILING AND ROWING PROGRAMS ON MARTHA'S VINEYARD INCLUDING CHILDREN AND ADULT TRAINING COURSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Pesch MD President | Officer | 2 | $0 |
John Kettlewell Executive Director | Officer | 40 | $0 |
Melissa Moore Vice President | Officer | 2 | $0 |
James Oakes Treasurer | Officer | 2 | $0 |
Tracey Stead Clerk | Officer | 2 | $0 |
Andrew Nutton Director Of Programs | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $47,350 |
| Fundraising events | $270,240 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,970 |
| Noncash contributions included in lines 1a–1f | $29,950 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $356,560 |
| Total Program Service Revenue | $108,655 |
| Investment income | $83 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,866 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $453,432 |
| 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. | $152,250 |
| Compensation of current officers, directors, key employees. | $31,500 |
| Compensation to disqualified persons | $60,971 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,073 |
| Payroll taxes | $15,251 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,446 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,171 |
| Office expenses | $41,606 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,900 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,605 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,583 |
| Insurance | $34,094 |
| All other expenses | $104,924 |
| Total functional expenses | $540,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $260,859 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,245,190 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,506,049 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $704,557 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $149,731 |
| Total liabilities | $854,288 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $651,761 |
| Total liabilities and net assets/fund balances | $1,506,049 |