PERMANENT ENDOWMENT FUND FOR MARTHAS VINEYARD Charity Report

Tax-exempt status may be revoked

PERMANENT ENDOWMENT FUND FOR MARTHAS VINEYARD

EIN 04-2774790 · Community Foundations (T31)

What they do

THE PERMANENT ENDOWMENT FUND for MARTHAS VINEYARD, THE ISLANDS COMMUNITY FOUNDATION, PUTS CHARITABLE CONTRIBUTIONS to WORK for THE PEOPLE of MARTHAS VINEYARD BY MAKIG GRANTS THAT ADDRESS COMMUNITY NEEDS, FUNDING SCHOLARSHIPS for ISLAND STUDENTS and BUILDING AN ENDOWMENT to PROVIDE THE RESOURCES to ENHANCE and PRESERVE THE QUALITY of LIFE ON THE VINEYARD FOREVER.

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Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2019The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders14 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

125.83%of revenue went to mission work88.9% of expenses · Program services

1.31%of revenue went to fundraising0.9% of expenses

$141.57spent for every $100 of revenueSpending was higher than revenue this year.

14.43%of revenue went to management and office costs10.2% of expenses

$5.28in assets for every $1 spent this yearSome assets cannot be spent right away.

54.3%of its money came from giftsOther money may come from services or investments.

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Worth asking: Expenses exceeded revenue by $714,826 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $109,200 for EMILY B BRAMHALL (EXECUTIVE DI). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2019

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,719,447

Mission workProgram services$2,163,613125.83% of revenue88.9% of expenses

ManagementOffice and general costs$248,07214.43% of revenue10.2% of expenses

FundraisingAsking for donations$22,5881.31% of revenue0.9% of expenses

Total expenses$2,434,273141.57% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2019CurrentExpense mix: 88.9% mission · 10.2% management · 0.9% fundraisingTotal expenses: 141.57% of revenue

2018Expense mix: 76.6% mission · 21.7% management · 1.7% fundraisingTotal expenses: 68.09% of revenue

2017Expense mix: 73.8% mission · 24.9% management · 1.3% fundraisingTotal expenses: 34.40% of revenue

2016Expense mix: 74.1% mission · 25.2% management · 0.7% fundraisingTotal expenses: 65.09% of revenue

Money in and money out

Revenue$1,719,447

Expenses$2,434,273

Annual shortfall $714,826 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,163,613 · 88.9% of expenses

Management and office costs$248,072 · 10.2% of expenses

Fundraising$22,588 · 0.9% of expenses

See all reported dollar amounts

Revenue$1,719,447

Expenses$2,434,273

Assets$12,842,215

Income$13,574,676

Contributions$933,098

Mission work (program services)$2,163,613

Fundraising$22,588

Grants given$2,075,592

Average grant$35,786

Management and general$248,072

Executive compensation (total)$168,692

Stocks and bonds$12,554,193

Accounting fees$12,500

People

Leadership and board

Tax year 2019

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

EMILY B BRAMHALLEXECUTIVE DI · 35 hrs/week $109,200

MARTHAS VINEYARD SAVINGS BANKTRUSTEE · 40 hrs/week $59,072Base · Other $59,072

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (14)

EMILY B BRAMHALLEXECUTIVE DI

MARTHAS VINEYARD SAVINGS BANKTRUSTEE

ADRIANA IGNACIODIRECTOR

ANNE D WILLIAMSONCHAIR

CARLENE J GATTINGDIRECTOR

EDWARD F MILLERTREASURER

HIGHMOUNT FIDUCIARYTRUSTEE

ISABELLE LEWDIRECTOR

JAMES WEISSDIRECTOR

JENNIFER MARLINDIRECTOR

KERRY H ALLEYVICE-CHAIR

MARY BRESLAUERDIRECTOR

PAUL KARASIKDIRECTOR

SANDRA GRYMESDIRECTOR

About this charity

Location: PO BOX 243, WEST TISBURY, MA 02575
County: Dukes
In care of: ANNE D WILLIAMSON
Primary officer: ANNE D WILLIAMSON, CHAIR

How to reach them

WebsiteVisit the charity’s website Phone(508) 338-4665

Filing and classification

Latest tax year: 2019
Tax period began: January 1, 2019
Return type: 990
Tax preparer: ANSTISS & CO PC
NTEE classification: Community Foundations (T31)
IRS tax category: Community Foundations
Grant-giving organization: Yes
Revocation date: May 15, 2023