Friends Of Mvyradio Inc
- Assets
- $5.7m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 22
- Location
- West Tisbury, MA
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-3432541
Organization Overview
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 12/2021, Friends Of Mvyradio Inc employed 22 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 12/2021, Friends Of Mvyradio Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 6.9% 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
BUILDING COMMUNITY THROUGH THE POWER OF MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMMING: THE STATION PROVIDED LOCAL AND NATIONAL NEWS AND BROADCASTS PUBLIC SERVICE ANNOUNCEMENTS FOR LOCAL NONPROFIT ORGANIZATIONS. THE STATION PRODUCED FIVE LOCALLY FOCUSED FEATURE PROGRAMS INCLUDING "THE VINEYARD CURRENT", A WEEKLY NEWS SHOW THAT HAS WON A MASSACHUSETTS BROADCASTERS ASSOCIATION AWARD FOR 6 STRAIGHT YEARS. THROUGH OUR LOCALLY PRODUCED PROGRAMS, HUNDREDS OF LOCAL INDIVIDUALS AND ORGANIZATIONS ARE GIVEN A VOICE ON THE AIR.IN 2021, "THE CAPE COD CURRENT" WHICH EXPLORES ISSUES AND PEOPLE OF CAPE COD, EXPANDED FROM A MONTHLY PROGRAM TO A WEEKLY PROGRAM.THE STATION HELD ITS FIRST FORUM SERIES, CALLED "LET'S DO BETTER: A RACIAL EQUITY CONVERSATION SERIES" WHICH DISCUSSED RACISM AND ITS EFFECTS. FOR EARTH DAY, WE RAN A SERIES OF "EARTH MEDITATIONS" VOICED BY CAROLE VANDAL, A SCIENTEST AND MEMBER OF THE LOCAL AQUINNAH WAMPANOAG TRIBE. IN 2021, WE ALSO CONTINUED TO UPDATE OUR LONG-RUNNING BLACK HISTORY MONTH FEATURES. WE PARTICIPATED IN COLLABORATION WITH LOCAL NONPROFITS THE YARD AND FEATHERSTONE CENTER FOR THE ARTS IN THEIR PRIDE DANCE, AIRING DANCE MUSIC FOR LISTENERS WHO COULDN'T GO TO THE IN-PERSON EVENT DUE TO COVID-19.
BROADCASTING: WMVY CAN BE HEARD ON 88.7 FM ON MARTHA'S VINEYARD, 96.5 FM IN NEWPORT. WMVY CAN ALSO BE HEARD ON A VARIETY OF STREAMING DEVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul J Finn Executive Director | OfficerTrustee | 40 | $98,002 |
James Attwood Chair | OfficerTrustee | 5 | $0 |
Susan Cole Clerk | OfficerTrustee | 2 | $0 |
Rogers Brandon Vice Chair | OfficerTrustee | 2 | $0 |
Keith Crawford Treasurer | OfficerTrustee | 2 | $0 |
Scott Fedonchik Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $155,080 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,336,173 |
| Noncash contributions included in lines 1a–1f | $516,889 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,491,253 |
| Total Program Service Revenue | $392,990 |
| Investment income | $492 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$948 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,883,787 |
| 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. | $98,002 |
| Compensation of current officers, directors, key employees. | $14,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $703,611 |
| Pension plan accruals and contributions | $15,379 |
| Other employee benefits | $133,643 |
| Payroll taxes | $74,994 |
| Fees for services: Management | $47,304 |
| Fees for services: Legal | $7,484 |
| Fees for services: Accounting | $14,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,689 |
| Advertising and promotion | $79,290 |
| Office expenses | $31,483 |
| Information technology | $23,373 |
| Royalties | $0 |
| Occupancy | $110,379 |
| Travel | $22,814 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,456 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,483 |
| Insurance | $17,500 |
| All other expenses | $51,473 |
| Total functional expenses | $1,734,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $689,785 |
| Savings and temporary cash investments | $148,218 |
| Pledges and grants receivable | $400,100 |
| Accounts receivable, net | $54,484 |
| 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 | $14,502 |
| Net Land, buildings, and equipment | $4,149,833 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $225,000 |
| Other assets | $0 |
| Total assets | $5,681,922 |
| Accounts payable and accrued expenses | $45,193 |
| Grants payable | $0 |
| Deferred revenue | $17,549 |
| 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 | $984,997 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,047,739 |
| Net assets without donor restrictions | $4,197,869 |
| Net assets with donor restrictions | $436,314 |
| 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 | $5,681,922 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Friends Of Mvyradio Inc has recieved totaling $96,550.
| Awarding Organization | Amount |
|---|---|
Rappaport Family Foundation San Francisco, CA PURPOSE: PROJECT RELATED SUPPORT FOR ORGANIZATIONAL ACTIVITIES | $50,000 |
Collatos Family Foundation Millis, MA PURPOSE: UNRESTRICTED | $12,500 |
Kathryn Goodman Foundation West Tisbury, MA PURPOSE: COM MUNITY PROGRAMS | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $5,950 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $5,100 |
Robert & Bethany Millard Charitable Foundation Albany, NY PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hope For Youth Inc Amityville, NY | $10,865,800 | $14,335,992 |
Lauren And Lee Fixel Family Foundation Inc New York, NY | $40,185,371 | $21,974,777 |
Joy In Childhood Foundation Inc Canton, MA | $7,582,989 | $8,931,292 |
Joint Council For Economic Opportunity Of Clinton & Franklin Plattsburgh, NY | $5,357,972 | $10,698,049 |
Health Management Group Ltd Getzville, NY | $13,266,135 | $8,802,636 |
Roy Lichtenstein Foundation New York, NY | $85,182,586 | $2,378,185 |
Mccance Foundation Tr North Scituate, MA | $91,930,926 | $3,999,038 |
Childrens Dyslexia Centers Inc Lexington, MA | $70,604,540 | $15,265,584 |
North Central Area Agency On Aging Inc Hartford, CT | $1,856,134 | $6,505,484 |
Hampton Classic Horse Show Inc Bridgehampton, NY | $1,702,497 | $4,948,481 |
Peggy Mcgrath Rockefeller Foundation New York, NY | $16,278,993 | $1,905,197 |
Loring Wolcott & Coolidge Charitable Tr - I Boston, MA | $103,000 | $4,276,644 |