2023-05-13T11:29:03-05:00 2022-12-31 042943536 TONNESON & COMPANY PC 401 EDGEWATER PLACE SUITE 300 WAKEFIELD MA 01880 990 2022-01-01 046387676 MARTHA'S VINEYARD PRESERVATION TRUST INC MART 5086274440 PO BOX 5277 EDGARTOWN MA 025395277 JOHN KLEIN CHAIRMAN 5086274440 2023-05-12 1 JOHN KLEIN 999009999 0 THOMAS P FULCHINO CPA P00151920 7812459999 2023-05-12 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN KLEIN 99 MAIN STREET EDGARTOWN MA 02539 3329768 0 X VINEYARDTRUST.ORG X 1975 MA THE ORGANIZATION'S MISSION IS TO ACQUIRE, RESTORE, AND MAINTAIN THE HISTORIC LANDMARKS OF MARTHA'S VINEYARD. TO PRESERVE THE ISLAND'S UNIQUE CHARACTER, CULTURAL HISTORY, AND HERITAGE FOR THE COMMUNITY AND IT'S VISITORS. 32 32 15 50 0 0 2611533 1423243 349983 766297 84774 88396 10334 765784 3056624 3043720 0 0 0 0 508669 811223 0 0 188312 1373757 1536891 1882426 2348114 1174198 695606 22708847 22772768 616434 325547 22092413 22447221 THE ORGANIZATION'S PRIMARY MISSION IS TO ACQUIRE, RESTORE, AND MAINTAIN THE HISTORIC LANDMARKS OF MARTHA'S VINEYARD AND TO PRESERVE THE ISLAND'S UNIQUE CHARACTER, CULTURAL HISTORY, AND HERITAGE FOR THE COMMUNITY AND IT'S VISITORS. 0 0 1723282 849900 PRESERVATION OF THE HISTORICAL, CULTURAL AND ARCHITECTURAL TRADITIONS OF THE ISLAND OF MARTHA'S VINEYARD 1723282 1 1 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 0 0 1 1 0 0 0 1 0 0 0 1 33 0 15 1 0 0 0 0 0 0 0 0 0 0 X 32 32 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X JOHN KLEIN 5086278017 99 MAIN STREET EDGARTOWN MA 02539 AHEARN PATRICK J DIRECTOR 1.00 X 0 0 0 ALLEGAERT LYNN DIRECTOR 1.00 X 0 0 0 BARNES DEBORAH A DIRECTOR 1.00 X 0 0 0 BERGER CAROLE M DIRECTOR 1.00 X 0 0 0 BIGGERS JR R KELSEY DIRECTOR 1.00 X 0 0 0 BROWN BROOKE VICE-CHAIR OF SPECIAL EVENTS 1.00 X X 0 0 0 CANTY RICHARD J DIRECTOR 1.00 X 0 0 0 CARABOOLAD NANCY T VICE-CHAIR OF PROPERTIES/BUILDINGS 1.00 X X 0 0 0 CHAFFEE DOROTHY F DIRECTOR 1.00 X 0 0 0 CONOVER GERRET C DIRECTOR 1.00 X 0 0 0 CONVERY ALISON M DIRECTOR 1.00 X 0 0 0 CONWAY G DREW DIRECTOR 1.00 X 0 0 0 COX ROBERT G DIRECTOR 1.00 X 0 0 0 CREWS DEBORAH H VICE-CHAIR OF COMMUNITY OUTREACH 1.00 X X 0 0 0 EARL SCOTT T DIRECTOR 1.00 X 0 0 0 ELLIS THEODORA A DIRECTOR 1.00 X 0 0 0 GIBSON TANA C DIRECTOR 1.00 X 0 0 0 GRAHAM JR ROBERT C DIRECTOR 1.00 X 0 0 0 HEDLEY MICHELE M DIRECTOR 1.00 X 0 0 0 HEDLEY MELISSA DIRECTOR 1.00 X 0 0 0 HOERLE SHEILA A DIRECTOR 1.00 X 0 0 0 INDELICATO ALICE DIRECTOR 1.00 X 0 0 0 JOHNSON ALVIN SECRETARY 1.00 X X 0 0 0 KITTENPLAN GAIL DIRECTOR 1.00 X 0 0 0 KLEIN JOHN E CHAIRMAN 1.00 X X 0 0 0 MACKENTY ELIZABETH D TREASURER 1.00 X X 0 0 0 MCCALL JOSEPH B JOSH VICE-CHAIR OF SPECIAL PROJECTS 1.00 X X 0 0 0 MCCARGO AUDREY H DIRECTOR 1.00 X 0 0 0 MORGAN PATRICIA DIRECTOR 1.00 X 0 0 0 MORRIS NANCY DIRECTOR 1.00 X 0 0 0 MORTARA VIRGINIA DIRECTOR 1.00 X 0 0 0 MURPHY JOHN P DIRECTOR 1.00 X 0 0 0 MURRAY IAN DIRECTOR 1.00 X 0 0 0 MURRAY SHEP DIRECTOR 1.00 X 0 0 0 NEUHOFF ELIZABETH DIRECTOR 1.00 X 0 0 0 NORTON JOAN W DIRECTOR 1.00 X 0 0 0 NUGENT DEBORAH DIRECTOR 1.00 X 0 0 0 PHILLIPS AMANDA DIRECTOR 1.00 X 0 0 0 PURINGTON RICHARD DIRECTOR 1.00 X 0 0 0 RORER SARAH B DIRECTOR 1.00 X 0 0 0 SHANE ROSALIE DIRECTOR 1.00 X 0 0 0 SOLLITTO JR JOSEPH E VICE-CHAIR OF TRUSTEESHIP & GOVERNANCE 1.00 X X 0 0 0 STANTON MARY B DIRECTOR 1.00 X 0 0 0 TATTERSALL MARGARET C DIRECTOR 1.00 X 0 0 0 THARP TWANETTE T DIRECTOR 1.00 X 0 0 0 WRIGHT JOYCE M DIRECTOR 1.00 X 0 0 0 ZIMMERMAN JANE W DIRECTOR 1.00 X 0 0 0 ZOLLO VICTOR A VICE-CHAIR OF FINANCE 1.00 X X 0 0 0 NEVETTE PREVID EXECUTIVE DIRECTOR 40.00 X X 173560 0 37287 173560 0 37287 1 0 1 0 MV PROPERTY CARE & MAINTENACE PO BOX 3406 EDGARTOWN MA 02539 PROPERTIES MAINTENANCE/REPAIRS 356137 SCHOLAR PAINTING LLC 682 SOUTH MAIN STREET SEYMOUR CT 06483 PAINTING 144692 JOHN C ANDERSON PO BOX 2257 VINEYARD HAVEN MA 02568 PAINTING/RESTORATION 141259 MARTHA'S VINEYARD INSURANCE PO BOX 549 PROVIDENCE RI 02901 GEN LIABILITY/INSURANCE 122126 HSA INSURANCE PO BOX 847001 BOSTON MA 02284 HEALTH INSURANCE 120897 5 522600 900643 1423243 PROGRAM RELATED RENTAL 900099 522540 522540 MANAGEMENT FEES 900099 235000 235000 OTHER PROGRAM INCOME 900099 8757 8757 766297 63525 63525 24871 0 24871 24871 24871 985459 522600 281404 704055 704055 7641 4644 2997 2997 OTHER MISCELLANEOUS IN 900099 58732 58732 58732 3043720 849900 0 770577 634308 412301 164920 57087 127378 82796 33118 11464 49537 32199 12880 4458 19564 19564 30395 30395 47326 47326 233060 151489 60596 20975 50977 33135 13254 4588 2181 1418 567 196 2666 2666 206075 206075 122354 79530 31812 11012 REPAIRS AND MAINTENANCE 601683 601683 CONSULTANTS 73286 73286 COMPUTER MAINTENANCE FE 54259 54259 FEES & LICENSE EXPENSES 24274 15778 6311 2185 68791 56886 8844 3061 2348114 1723282 436520 188312 801863 1086546 123412 264391 4541 6369 19686147 1398094 18215804 18288053 3114130 2575364 449097 552045 22708847 22772768 211189 124797 306172 145750 99073 55000 616434 325547 X 21926858 22240721 165555 206500 22092413 22447221 22708847 22772768 X 695606 -345437 4639 X X 0 1 X 1 0 X 1071703 785172 841284 2611533 900463 6210155 602160 538668 80266 349983 757540 2328617 2687235 2237414 1011582 298474 1525457 7760162 4361098 3561254 1933132 3259990 3183460 16298934 0 0 0 16298934 71011 71864 45781 84774 63525 336955 71011 71864 45781 84774 63525 336955 103625 47209 58732 209566 4432109 3633118 2082538 3391973 3305717 16845455 0.96760 0.97220 0.02000 0.01930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12161263 0 3667105 3667105 15849915 1373030 14476885 169127 25064 144063 18288053 ROCKLAND LINE OF CREDIT 55000 55000 VARIOUS PROGRAM EVENTS 1508059 522600 985459 281404 1 1508059 522600 985459 281404 281404 704055 X 0 0 0 0 0 0 0 0 0 NEVETTE PREVID EXECUTIVE DIRECTOR 173560 0 0 0 0 0 0 0 37287 0 210847 0 0 0 GERRET C CONOVER DIRECTOR 30000 DESCRIPTION:COMMERCIAL LEASE TRANSACTION BETWEEN THE ABOVE NAMED TRUSTEE. 0 X 7 39175 TREAS REG # 20.2031-2 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 SEVERAL OF THE TRUSTEES ARE RELATED AS FOLLOWS: A LIFE TRUSTEE AND A TRUSTEE ARE RELATED AND ANOTHER LIFE TRUSTEE'S DAUGHTER SERVED ON THE EVENTS COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE EXECUTIVE BOARD AND IS MADE AVAILABLE TO THE BOARD UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY OUTLINES PROCEDURES FOR HANDLING CONFLICTS OF INTEREST AND REQUIRES THAT EACH DIRECTOR AND EMPLOYEE ANNUALLY COMPLETE A CONFLICT OF INTEREST STATEMENT AND RECUSAL FROM CERTAIN VOTES OR DISCUSSIONS IN ACCORDANCE WITH POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION'S BOARD OF DIRECTORS REVIEW THE SALARIES OF KEY PERSONNEL ON AN ANNUAL BASIS TO DETERMINE A REASONABLE SALARY FOR KEY PERSONNEL. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE ORGANIZATION'S FORM 990 IS MAINTAINED IN ITS PRINCIPAL OFFICE AND IS AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART XI, LINE 9: RECORD CURRENT YEAR ( LOSS )INCOME IN SUBSIDIARIES -2,945. SEE SCHEDULE O FOR EXPLANATION 7,584. PART XI LINE 9 OTHER ADJUSTMENTS TO NET ASSETS DUE TO AN APPROVED MERGER EFFECTIVE ON JANUARY 1, 2023 BETWEEN THE FLYING HORSES CAROUSEL(A 501 (C)3) ORGANIZATION AND MARTHA'S VINEYARD PRESERVATION TRUST, INC., THE RELATED PARTY PAYABLE WAS WRITTEN OFF. THERE IS NO EFFECT ON THE AUDITED FINANCIAL STATEMENTS SINCE THEY ARE PREPARED ON A CONSOLIDATED BASIS. SEE A COPY OF THE MERGER DOCUMENTS FILED WITH THE MASSACHUSETTS SECRETARY OF STATE. OTHER FOOTNOTE INFORMATION EFFECTIVE JANUARY 1, 2023 THE FLYING HORSE CAROUSEL FOUNDATION,INC WHICH IS A 501 (C)3 RELATED ORGANIZATION WILL MERGE WITH MARTHA'S VINEYARD PRESERVATION TRUST, INC. SINCE BOTH ORGANIZATIONS ARE RELATED, THEY FILE AN AUDITED CONSOLIDATED FINANCIAL STATEMENT. ALL ASSETS WILL BE TRANSFERRED TO THE TRUST AND THE MERGER HAS BEEN APPROVED BY THE MASSACHUSETTS SECRETARY OF STATE. THE FLYING HORSES CAROUSEL FOUNDATION PO BOX 5277 EDGARTOWN MA 02539 042922741 OPERATION OF A FLYING HORSE CAROUSEL MA 501 (C)(3) N/A 0 NORTH WATER STREET CORPORATION PO BOX 5277 EDGARTOWN MA 02539 046089893 REAL ESTATE RENTALS MA N/A C 0.76900 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0