Marthas Vineyard Community Foundation INC

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The martha's Vineyard Community Foundation, INC., successor to the permanent endowment fund for martha's Vineyard, the island's Community Foundation, puts charitable contributions to work for the people of martha's Vineyard by making grants that address Community needs, funding scholarships for island students, and budiling an endowment to provide the resoruces to enhance and preserve the quality of life on the Vineyard forever.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$134K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $332K a year · 11% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$134K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $15.9M in investments, Pt X · Ln 11–13
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $510K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$373K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.7M
+34% vs prior year
Spent
$2.9M
To programs
78%
Net assets
$15.9M
By yearFY2020–FY2024
Revenue
$3.7M
FY2024▲ +34%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$2.8M
FY2022$4.1M
FY2023$2.8M
FY2024$3.7M
Expenses
$2.9M
FY2024▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.8M
FY2021$2.1M
FY2022$3.4M
FY2023$3.3M
FY2024$2.9M
Net assets
$15.9M
FY2024▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$14.2M
FY2021$15.8M
FY2022$13.6M
FY2023$14.5M
FY2024$15.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $2.3M Management & general 21% · $601K Fundraising 2% · $49K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

13 people listed on the 990; $134K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$134,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Paul Schulz’s $134K as Executive Di is at the 56th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Emily Bramhall—$41,460$120,000$140,018$113,400
Paul Schulz$134,000$125,000———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Marthas Vineyard Community Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports Martha's Vineyard residents through grants for community needs, student scholarships, and preserving island life.

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1 program · $2.3M · in their own filed words · FY2024
01

Putting contributions to work for the benefit of the martha's vineyard community through grants to island non-profit organizations and scholarships to martha's vineyard students.

$2.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 175 grants · $8.6M · 2020–2024
Island Grown Initiative LtdMA · FY2024$555,662
Unitemized GrantFY2024$391,700
Chilmark Pond Foundation INCMA · FY2024$75,000
Martha's Vineyard HospitalMA · FY2024$32,343
Mv Ocean AcademyMA · FY2024$27,500
Individual RecipientFY2024$26,723
Vineyard Health Care Access ProgramFY2024$20,000
Health Imperatives INCMA · FY2024$20,000
See all 175 grants →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2023 · $1.1M federal money spent
Community Development Block Grants/State's Program and Non-Entitlement Grants in HawaiiDepartment of Housing and Urban Development · ALN 14.228 · Through Commonwealth of Massachusetts Department of Housing and Community Development$1.1M

The auditor reported no findings.

Year ending Dec 2022 · $890K federal money spent
Community Development Block Grants/State's Program and Non-Entitlement Grants in HawaiiDepartment of Housing and Urban Development · ALN 14.228 · Through Commonwealth of Massachusetts Department of Housing and Community Dev$890K

The auditor reported no findings.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.7M
Ln 12
Gifts and grantsLn 1h$2.5M
Investment incomeLn 3$1.0M
Other incomeLn 4–11$196K
Money outPt IX
$2.9M
Ln 25
Programscol B$2.3M
Managementcol C$601K
Fundraisingcol D$49K
Owns and owesPt X
$15.9M
net assets · Ln 32
Cash and savingsLn 1–2$268K
Total assetsLn 16$16.3M
LiabilitiesLn 26$373K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.5M
Government grantsLn 1e$676K
Noncash giftsLn 1g$89K
Investment incomeLn 3$1.0M
Other incomeLn 4–11$196K
Gains on assetsLn 7$614K
Total revenueLn 12$3.7M
Assets in detailPt X, end of year
CashLn 1$268K
Cash and savings togetherLn 1–2$268K
Pledges and grants receivableLn 3$551
Prepaid expenses and deferred chargesLn 9$5K
Land, buildings, equipmentLn 10c$23K
InvestmentsLn 11–13$15.9M
Other assetsLn 15$60K
Total assetsLn 16$16.3M
LiabilitiesLn 26$373K
Net assetsLn 32$15.9M
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$89K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$62K
Share of the $13.8M endowmentSch D 1g0.45%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY24FY23FY22FY21FY20
End of yearLn 1g$13.8M$13.7M$11.8M$14.3M$13.4M
Given inLn 1b$900K$317K$330K$382K$234K
SpentLn 1d–1f$1.6M$309K$858K$1.1M$702K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$462K$268K
InvestmentsLn 11–13$14.4M$15.9M
Land, buildings, equipmentLn 10c$9K$23K
Total assetsLn 16$15.1M$16.3M
LiabilitiesLn 26$572K$373K
Net assetsLn 32$14.5M$15.9M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.6M$1.6M
Grants to domestic individualsLn 2$392K$392K
Pay of current officers, directors and key staffLn 5$137K$137K
Other salaries and wagesLn 7$152K$152K
Other employee benefitsLn 9$12K$12K
Payroll taxesLn 10$26K$26K
Legal feesLn 11b$11K$11K
Accounting feesLn 11c$87K$87K
Lobbying feesLn 11d$73K$73K
Investment management feesLn 11f$62K$62K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$21K$21K
Office expensesLn 13$44K$44K
Information technologyLn 14$31K$31K
OccupancyLn 16$28K$28K
TravelLn 17$1K$366$668
Conferences, conventions and meetingsLn 19$209$209
Depreciation, depletion and amortizationLn 22$10K$10K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$229K$201K$27K
Total functional expensesLn 25$2.9M$2.3M$601K$49K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 12, 2025 $3.7M$2.9M$823K$15.9M 990 PDF
FY2023Filed with the IRS Aug 28, 2024 $2.8M$3.3M−$561K$14.5M 990 PDF
FY2022Filed with the IRS Aug 14, 2023 $4.1M$3.4M$700K$13.6M 990 PDF
FY2021Filed with the IRS Oct 6, 2022 $2.8M$2.1M$675K$15.8M 990 PDF
FY2020Filed with the IRS Nov 9, 2021 $1.8M$1.8M$25K$14.2M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $3,732,193 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,487,126$2,510,675
I-9 Program service revenue$0
I-10 Investment incomePrior year $286,823$1,025,477
I-11 Other revenuePrior year $4,240$196,041
I-12 Total revenuePrior year $2,778,189$3,732,193
I-13 Grants and similar amounts paidPrior year $2,246,310$1,973,760
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $380,643$326,990
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $712,243$608,752
I-18 Total expensesPrior year $3,339,196$2,909,502
I-19 Revenue less expensesPrior year −$561,007$822,691
Part VI · Governance 12 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,732,193 across 8 lines filed
VIII-1e Government grants$676,358
VIII-1f All other contributions, gifts and grants$1,834,317
VIII-1g Noncash contributions (included above)$88,932
VIII-1h Total contributions, gifts and grants$2,510,675
VIII-3 Investment incomeExcluded from tax $411,521$411,521
VIII-7 Net gain or loss on sales of assetsExcluded from tax $613,956$613,956
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $196,041$196,041
VIII-12 Total revenueExcluded from tax $1,221,518$3,732,193
Part IX · Statement of functional expenses $2,909,502 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $1,582,060$1,582,060
IX-2 Grants to domestic individualsPrograms $391,700$391,700
IX-5 Pay of current officers, directors and key staffManagement $136,611$136,611
IX-7 Other salaries and wagesManagement $152,318$152,318
IX-9 Other employee benefitsManagement $11,667$11,667
IX-10 Payroll taxesManagement $26,394$26,394
IX-11b Legal feesPrograms $11,082$11,082
IX-11c Accounting feesManagement $86,517$86,517
IX-11d Lobbying feesPrograms $73,125$73,125
IX-11f Investment management feesManagement $62,240$62,240
IX-11g Other fees for servicesManagement $3,068$3,068
IX-12 Advertising and promotionFundraising $21,125$21,125
IX-13 Office expensesManagement $44,018$44,018
IX-14 Information technologyManagement $31,433$31,433
IX-16 OccupancyManagement $28,417$28,417
IX-17 TravelManagement $366 · Fundraising $668$1,034
IX-19 Conferences, conventions and meetingsManagement $209$209
IX-22 Depreciation, depletion and amortizationManagement $10,033$10,033
IX-23 InsuranceManagement $7,735$7,735
IX-24 Other expenses (24a–d)Programs $201,465 · Fundraising $27,251$228,716
IX-25 Total functional expensesPrograms $2,259,432 · Management $601,026 · Fundraising $49,044$2,909,502
Part X · Balance sheet $16,269,984 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $462,354$267,922
X-3 Pledges and grants receivableStart of year $113,372$551
X-9 Prepaid expenses and deferred chargesStart of year $4,019$4,554
X-10c Land, buildings and equipment, netStart of year $8,921$22,509
X-11 Publicly traded securitiesStart of year $14,429,057$15,914,181
X-15 Other assetsStart of year $83,104$60,267
X-16 Total assetsStart of year $15,100,827$16,269,984
X-17 Accounts payable and accrued expensesStart of year $155,402$53,644
X-18 Grants payableStart of year $42,016$142,718
X-25 Other liabilitiesStart of year $374,264$176,481
X-26 Total liabilitiesStart of year $571,682$372,843
X-27 Net assets without donor restrictionsStart of year $6,927,587$7,984,485
X-28 Net assets with donor restrictionsStart of year $7,601,558$7,912,656
X-32 Total net assets or fund balancesStart of year $14,529,145$15,897,141
X-33 Total liabilities and net assetsStart of year $15,100,827$16,269,984
Part XI · Reconciliation of net assets $15,897,141 net assets at year end
XI-1 Total revenue$3,732,193
XI-2 Total expenses$2,909,502
XI-3 Revenue less expenses$822,691
XI-4 Net assets at start of year$14,529,145
XI-5 Net unrealized gains (losses) on investments$545,253
XI-9 Other changes in net assets$52
XI-10 Net assets at end of year$15,897,141

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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