2023-11-15T14:20:43-05:00 2022-12-31 042917204 ANSTISS & CO PC 6 OMNI WAY STE 201 CHELMSFORD MA 018244187 990 2022-01-01 453546941 MARTHA'S VINEYARD FISHERMEN'S PRESERVATION TRUST INC MART 4074145387 PO BOX 96 MENEMSHA MA 02552 SHELLEY EDMUNDSON EXECUTIVE DIRECTOR 4074145387 2023-11-13 true SHELLEY EDMUNSON 999009999 false JAYNE A ANDREWS P00514653 9784522500 2023-11-13 2022 2023-04-26 12:10:37Z JOHN KEENE PO BOX 96 MENEMSHA MA 02552 873805 false X WWW.MVFISHERMENSPRESERVATIONTRUST.ORG X 2011 MA SAFEGUARDING MARTHA'S VINEYARD'S FISHING HERITAGE AND FUTURE BY SUPPORTING THE ISLAND'S SMALL-BOAT OWNER-OPERATED FISHING FLEETS AND THEIR SUSTAINABLY HARVESTED CATCH. 7 6 9 5 0 625948 200950 113436 147227 -16530 1577 31593 38987 754447 388741 0 0 231265 293065 0 65760 399779 143501 631044 436566 123403 -47825 1700242 1605240 384079 336902 1316163 1268338 X SAFEGUARDING MARTHA'S VINEYARD'S FISHING HERITAGE AND FUTURE BY SUPPORTING THE ISLAND'S SMALL-BOAT OWNER-OPERATED FISHING FLEETS AND THEIR SUSTAINABLY HARVESTED CATCH. true true 47304 83462 PERMIT AND QUOTA LEASING - MVFPT ACQUIRES FISHING PERMITS, QUOTAS AND LEASES AND SELLS THEM BACK TO LOCAL SMALL-BOAT, OWNER OPERATED FISHING FLEETS ON MARTHA'S VINEYARD AT BELOW MARKET RATES OR WITH CUSTOMIZED PAYMENT PLANS. 237617 38500 MAINTAIN MVSC WATERFRONT INFRASTRUCTURE NECESSARY TO BUY AND SELL SEAFOOD, OPERATE A WHOLESALE SEAFOOD MARKET THAT PROVIDE A SELLING OUTLET FOR LOCAL FISHERMEN AND THE ABILITY TO DONATE SEAFOOD TO LOCAL FOOD INSECURITY. 8373 64252 MEET THE FLEET - ANNUAL EVENT HELD TO DRAW ATTENTION TO AND FOSTER APPRECIATION FOR THE MARTHA'S VINEYARD FISHING COMMUNITY AND TO EDUCATE THE PUBLIC ON LOCAL SEAFOOD AND HOW IT IS CAUGHT/GROWN. 293294 true true false false false false false false false false true false false false false true false true false false false false false false false false false false false false false false false true false false false true false false false false true false false false false true 6 0 true 9 true false false false false false false false false false false false false X 7 6 false false false false false false false true true false false true true true true true true true false false MA X X THE ORGANIZATION 4074145387 PO BOX 96 MENEMSHA MA 02552 SHELLEY EDMUNDSON EXECUTIVE DI 40.00 X X 70417 0 0 EMILY BRAMHALL DIRECTOR 1.00 X 0 0 0 WESLEY BRIGHTON DIRECTOR 5.00 X 0 0 0 KATHERINE CARROLL CLERK 1.00 X X 0 0 0 JOHN KEENE PRESIDENT 10.00 X X 0 0 0 MATTHEW MAYHEW DIRECTOR 5.00 X 0 0 0 STANLEY STARTZELL TREASURER 1.00 X X 0 0 0 70417 false false false 200950 200950 MEET THE FLEET 900099 64252 64252 QUOTA LEASE 900099 44475 44475 FISHERIES REPRESENTATIVE FEES 900099 36000 36000 LOBSTER TAG SALES 900099 2500 2500 147227 1577 1577 524051 485064 38987 38987 388741 186214 1577 102292 40917 20458 40917 180461 137659 32562 10240 10312 6513 1934 1865 10382 10382 4893 3090 1803 14660 1467 455 12738 12545 7605 4940 24610 24610 10038 10038 19691 19691 4665 2406 2259 OTHER PROGRAM EXPENSES 14312 14312 VEHICLE EXPENSES 9885 9885 MEET THE FLEET 8373 8373 DOCUMENTARY 6168 6168 3279 560 2719 436566 293294 77512 65760 423364 279285 50000 13279 11685 3750 3750 60408 68157 130 208779 33487 182240 175292 1011156 1011156 5915 5915 1700242 1605240 53094 34897 330985 302005 384079 336902 X 1313975 1213548 2188 54790 1316163 1268338 1700242 1605240 -47825 X false true X true false X 299528 270255 637190 625948 200950 2033871 299528 270255 637190 625948 200950 2033871 105248 1928623 2314 1577 3891 2037762 1657439 0.94640 0.77960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 208779 33487 175292 175292 X SCHEDULE D, PAGE 3, PART X THE TRUST, INCORPORATED UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS AS A TAX-EXEMPT ENTITY, HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION AS DEFINED BY SECTION 509(A) OF THE IRC. THEREFORE, IT IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED FOR IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE TRUST IS REQUIRED BY ASC 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES," TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON THE TRUST'S CONSOLIDATED FINANCIAL STATEMENTS. THE TRUST REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE AND TO THE COMMONWEALTH OF MASSACHUSETTS ON AN ANNUAL BASIS. THESE INFORMATIONAL RETURNS ARE GENERALLY SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR A PERIOD OF THREE YEARS AFTER FILING. THE TRUST BELIEVES IT IS NO LONGER SUBJECT TO REVIEW BY TAXING AUTHORITIES FOR PERIODS BEFORE 2019. SUBSTANTIALLY ALL OF THE TRUST'S INCOME, EXPENDITURES, AND ACTIVITIES RELATE TO ITS EXEMPT PURPOSE. THEREFORE, MANAGEMENT HAS DETERMINED THAT THE TRUST IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAXES AND WILL CONTINUE TO QUALIFY AS A TAX-EXEMPT NOT-FOR-PROFIT ENTITY. WESLEY BRIGHTON BOARD MEMBER LOBSTER TRAP TAG PURCHASE X 7500 3750 false true true 3750 WESLEY BRIGHTON BOARD MEMBER 44475 SCALLOP QUOTA LEASE false FORM 990, PAGE 2, PART III, LINE 2 WE RECEIVED A GRANT FOR A NEW GIN BOOM (HYDRAULIC CRANE), USED TO UNLOAD HEAVY VATS OF FISH AT OUR WATERFRONT MVSC FACILITY. WE ALSO CREATED A REVOLVING LOAN PILOT PROGRAM WHICH PROVIDE LOANS FOR FISHING PERMITS AND GEAR TO APPLICANTS. FORM 990, PAGE 2, PART III, LINE 3 WE CREATED A SEA SCALLOP POLICY THAT GOVERNS HOW OUR SEA SCALLOP QUOTA LEASING PROGRAM IS CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE GOVRENING BOARD MEMBERS FOR REVIEW, COMENTS, AND APPROVAL PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY OUTLINES PROCEDURES FOR HANDLING CONFLICTS OF INTEREST AND REQUIRES THAT EACH DIRECTOR AND MANAGEMENT EMPLOYEE ANUALLY COMPLETE A CONFLICT OF INTEREST STATEMENT. ANY POTENTIAL CONFLICTS OF INTEREST ARE DISCUSSED AT BOARD MEETINGS. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST FOR PUBLIC INSPECTION AT THE OFFICES OF THE ORGANIZATION. VINEYARD FISH & FLEET - LLC PO BOX 96 MENEMSHA MA 02552 820720277 ACQUIRE, H MA MVFPT MARTHA'S VINEYARD SEAFOOD COLLABORATIVE LLC PO BOX 96 MENEMSHA MA 02552 862981833 SEAFOOD MA 525254 188289 MVFPT