Friends Of Mvyradio Inc is located in West Tisbury, MA. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Friends Of Mvyradio Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Mvyradio 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, Friends Of Mvyradio Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 8.0% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING COMMUNITY THROUGH THE POWER OF MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STATION PROVIDED LOCAL AND NATIONAL NEWS AND BROADCAST PUBLIC SERVICE ANNOUNCEMENTS FOR LOCAL NONPROFIT ORGANIZATIONS.THE STATION PRODUCES SEVERAL LOCALLY-FOCUSED FEATURE PROGRAMS. "THE MVYRADIO PERSON OF THE WEEK" IS A 3 MINUTE FIRST PERSON PORTRAIT OF A LOCAL INDIVIDUAL WHO IS CREATING A COMMUNITY BENEFIT. WE SPOTLIGHT OVER 50 INDIVIDUALS EACH YEAR. ON SUNDAY MORNINGS, WE AIR A 30 MINUTE "NEWS MAGAZINE" FORMAT PROGRAM CALLED "THE VINEYARD CURRENT." THIS PROGRAM HAS WON A MASSACHUSETTS BROADCASTERS ASSOCIATION AWARD FOR 7 STRAIGHT YEARS. THE PROGRAM BEGINS WITH A WEEKLY NEWS ROUND-UP FEATURING REPORTERS FROM THE VINEYARD GAZETTE, FOLLOWED BY PROFILES OF PEOPLE AND ORGANIZATIONS THAT MAKE MARTHA'S VINEYARD TICK. THIS SHOW HAS A COMPANION PROGRAM CALLED "THE CAPE COD CURRENT" WHICH FOLLOWS A SIMILAR FORMAT, INSTEAD FOCUSING ON CAPE COD RESIDENTS AND ORGANIZATIONS. ON SUNDAY NIGHTS, FROM 7PM TO 8PM, WE AIR A PROGRAM CALLED "MVYRADIO NIGHT CASTS." THIS MUSIC PROGRAM FOCUSES ON A WEEKLY THEME, WITH MUSIC SELECTIONS TO HIGHLIGHT THE THEME, PLUS AN IN STUDIO LOCAL GUEST, AND RECORDED "LOCAL VOICES" TALKING ABOUT THE THEME. ON TUESDAYS, WE AIR THE WEEKLY ONE-HOUR PROGRAM "THE MVYRADIO LOCAL MUSIC CAFE" WHICH SPOTLIGHTS LOCAL/NEW ENGLAND-BASED INDEPENDENT MUSICIANS. THROUGH THESE PROGRAMS, HUNDREDS OF LOCAL INDIVIDUALS AND ORGANIZATIONS ARE GIVEN A VOICE ON THE AIR. IN 2022, WE HELD OUR SECOND FORUM SERIES. "ISLAND HOUSING CRISIS PANEL CONVERSATION SERIES" WAS HELD IN MARCH 2022, FOR ONE HOUR EACH MONDAY NIGHT, FEATURING GUESTS REPRESENTING THE MANY ASPECTS ON THE ISSUE OF AFFORDABLE HOUSING ON MARTHA'S VINEYARD.AFTER A COLLABORATION IN 2021 WITH THE MV DIVERSITY COALITION ON A PANEL SERIES, THE STATION PARTICIPATED IN THE FIRST "TRUTH & JOY" EVENT, FEATURING AN UNVEILING OF A NEW PLAQUE ON THE MV AFRICAN AMERICAN HERITAGE TRAIL, AND AN EVENING OF LIVE MUSIC.WE ALSO MADE ONDA BRASIL A WEEKLY FEATURE ON THE VINEYARD CURRENT. POLI BELLAN WILSON TRANSLATES AT LEAST ONE IMPORTANT WEEKLY STORY, INTO BRAZILIAN PORTUGUESE, FOR THE COMMUNITY THAT LIVES HERE. WE WERE ABLE TO ALERT THIS COMMUNITY ABOUT THINGS LIKE THE FREE COVID VACCINATION CLINICS.IN 2022, WE CONTINUED TO UPDATE OUR LONG-RUNNING BLACK HISTORY MONTH FEATURES. THESE 90-SECOND PIECES AIR DAILY DURING FEBRUARY. PREVIOUSLY, THEY FOCUSED ON A NATIONAL FIGURE, BUT IN 2018 WE WORKED WITH THE MARTHA'S VINEYARD AFRICAN AMERICAN HERITAGE TRAIL TO CREATE PIECES THAT ARE FOCUSED ON LOCAL AFRICAN AMERICAN HISTORY. WE EXPANDED THE LIBRARY OF THESE FEATURES EACH YEAR.
BROADCASTING: WMVY CAN BE HEARD ON 88.7 FM ON MARTHA'S VINEYARD AND 96.5 FM IN NEWPORT. WMVY CAN ALSO BE HEARD ON A VARIETY OF STREAMING DEVICES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Paul J Finn Executive Director | OfficerTrustee | 40 | $106,262 |
James Attwood Chair | OfficerTrustee | 5 | $0 |
Rogers Brandon Vice Chair | OfficerTrustee | 2 | $0 |
Keith Crawford Treasurer | OfficerTrustee | 2 | $0 |
Susan Cole Clerk | OfficerTrustee | 2 | $0 |
Kathleen Teehan Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $65,437 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,545,826 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,611,263 |
Total Program Service Revenue | $505,984 |
Investment income | $124 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$44,408 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,072,963 |
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. | $106,262 |
Compensation of current officers, directors, key employees. | $15,939 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $828,124 |
Pension plan accruals and contributions | $17,237 |
Other employee benefits | $126,657 |
Payroll taxes | $83,109 |
Fees for services: Management | $45,000 |
Fees for services: Legal | $869 |
Fees for services: Accounting | $17,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $53,984 |
Advertising and promotion | $106,893 |
Office expenses | $15,975 |
Information technology | $24,410 |
Royalties | $0 |
Occupancy | $74,333 |
Travel | $33,309 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $24,072 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $189,804 |
Insurance | $25,233 |
All other expenses | $69,355 |
Total functional expenses | $2,015,227 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $530,986 |
Savings and temporary cash investments | $178,094 |
Pledges and grants receivable | $172,048 |
Accounts receivable, net | $73,181 |
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 | $17,544 |
Net Land, buildings, and equipment | $4,055,333 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $225,000 |
Other assets | $577,012 |
Total assets | $5,829,198 |
Accounts payable and accrued expenses | $103,384 |
Grants payable | $0 |
Deferred revenue | $8,100 |
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 | $442,946 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $582,849 |
Total liabilities | $1,137,279 |
Net assets without donor restrictions | $4,478,509 |
Net assets with donor restrictions | $213,410 |
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 | $5,829,198 |