Civic Intelligence

Martha'S Vineyard Center for Education and Training (Mvcet)

990 • Fiscal year 2018 • EIN 26-3371336

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 05, 2019

35 Greenwood AvenueVineyard Haven, MA 02568

(508) 693-9222

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

1.27x

Higher debt load relative to assets than 96% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

77th percentile

0.05x

Higher debt load relative to revenue than 77% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

43rd percentile

0.5%

Higher net margin than 43% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

94th percentile

$55,692

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 19.3% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

95th percentile

212%

Faster asset growth than 95% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

65th percentile

12%

Faster revenue growth than 65% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$10,481

Up $7,121 (+212%) from 2017

Net Assets

Up

-$2,852

Up $1,367 (+32%) from 2017

Liabilities

Up

$13,333

Up $5,754 (+76%) from 2017

Revenue

Up

$288,738

Up $30,501 (+12%) from 2017

Expenses

Up

$287,371

Up $36,935 (+15%) from 2017

Net Income

Down

$1,367

Down $6,434 (-82%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0-$100KAssets 2012: $13,204Net Assets 2012: $13,2042012Assets 2013: $4,495Net Assets 2013: $4,4952013Assets 2014: $1,306Liabilities 2014: $0Net Assets 2014: $1,3062014Assets 2015: $27,612Liabilities 2015: $13,095Net Assets 2015: $14,5172015Assets 2016: $15,142Liabilities 2016: $27,162Net Assets 2016: -$12,0202016Assets 2017: $3,360Liabilities 2017: $7,579Net Assets 2017: -$4,2192017Assets 2018: $10,481Liabilities 2018: $13,333Net Assets 2018: -$2,8522018Assets 2019: $149,260Liabilities 2019: $22,430Net Assets 2019: $126,8302019Assets 2020: $220,401Liabilities 2020: $59,584Net Assets 2020: $160,8172020Assets 2021: $241,345Liabilities 2021: $54,957Net Assets 2021: $186,3882021Assets 2022: $269,924Liabilities 2022: $59,642Net Assets 2022: $210,2822022Assets 2023: $183,513Liabilities 2023: $6,524Net Assets 2023: $176,9892023Assets 2024: $176,999Liabilities 2024: $16,691Net Assets 2024: $160,3082024

Highlighted filing

2018

Assets$10,481
Liabilities$13,333
Net Assets-$2,852

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2012: $54,585Expenses 2012: $51,347Net Income 2012: $3,2382012Revenue 2013: $119,634Expenses 2013: $128,343Net Income 2013: -$8,7092013Revenue 2014: $76,333Expenses 2014: $79,522Net Income 2014: -$3,1892014Revenue 2015: $246,131Expenses 2015: $232,920Net Income 2015: $13,2112015Revenue 2016: $213,595Expenses 2016: $240,132Net Income 2016: -$26,5372016Revenue 2017: $258,237Expenses 2017: $250,436Net Income 2017: $7,8012017Revenue 2018: $288,738Expenses 2018: $287,371Net Income 2018: $1,3672018Revenue 2019: $381,094Expenses 2019: $251,412Net Income 2019: $129,6822019Revenue 2020: $294,424Expenses 2020: $260,437Net Income 2020: $33,9872020Revenue 2021: $426,677Expenses 2021: $401,106Net Income 2021: $25,5712021Revenue 2022: $440,063Expenses 2022: $416,169Net Income 2022: $23,8942022Revenue 2023: $458,472Expenses 2023: $491,765Net Income 2023: -$33,2932023Revenue 2024: $624,056Expenses 2024: $640,737Net Income 2024: -$16,6812024

Highlighted filing

2018

Revenue$288,738
Expenses$287,371
Net Income$1,367
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 5, 2019
Return Version
2017v2.3
Gross Receipts
$296,858
Mission and Program Overview

Mission

Ace mv, adult & community education of martha's vineyard, massachusetts is a non-profit organization that provides a diversity of educational programs, including enrichment classes, practical training, college preparatory and credit courses, and special programs, to all generations, economic classes, and cultures on an island with limited adult education opportunities. By collaborating with many other organizations and businesses, ace mv makes life-long learning accessible and rewarding.

Providing a diversity of programs to an island with limited education opportunities.ace mv, inc. (adult & community education of martha's vineyard, massachusetts) is a non-profit organization that provides a diversity of educational programs, including enrichment classes, practical training, college preparatory and credit courses, and special programs, to all generations, economic classes, and cultures on an island with limited adult education opportunities. By collaborating with many other organizations and businesses, ace mv makes life-long learning accessible and rewarding.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,325$10,431▲ $7,106
Accounts Receivable$35$50▲ $15
Total Assets$3,360$10,481▲ $7,121
Liabilities
Accounts Payable and Accrued Expenses$7,002$13,048▲ $6,046
Deferred Revenue$577$285▼ $292
Total Liabilities$7,579$13,333▲ $5,754
Net Assets / Fund Balance
Unrestricted Net Assets$-4,219$-2,852▲ $1,367
Total Net Assets Fund Balance$-4,219$-2,852▲ $1,367
Total Liabilities and Net Assets / Fund Balance$3,360$10,481▲ $7,121
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Samuel HartCEOFT$55,692$55,692

Board Members and Trustees

NameTitle
Donald LeopoldPresident
Kathleen TeelVice President
Judy MillerDirector
Pamela BrockDirector
Barbara-jean ChauvinClerk
Norman WerthweinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$157,570
Program Service Revenue
$139,282
Investment Income
$6
Other Revenue
$-8,120
All Other Contributions
$144,910
Change in Net Assets
$1,367
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$160,706
Salaries, Compensation, and Employee Benefits$126,665
Total Fundraising Expense$8,079
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$106,132$1,781-$107,913
Current Officers, Directors, Trustees, and Key Employees$50,154$12,538-$62,692
Other Salaries and Wages$30,154$24,300-$54,454
Fees for Services Accounting$2,979$17,515-$20,494
Advertising$5,928-$8,079$14,007
Payroll Taxes-$9,519-$9,519
Occupancy-$6,600-$6,600
Office Expenses$3,723$2,405-$6,128
Other Expenses$3,032--$3,032
Insurance-$1,221-$1,221
Information Technology-$1,105-$1,105
Interest-$206-$206
Total Functional Expenses$202,102$77,190$8,079$287,371
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$8,120
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The complete form 990 is reviewed by the board of directors prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

Each director, officer, employee, and member of a committee with board-delegated powers, shall complete, sign and deliver to the chairperson of the board a conflict of interest policy annual statement at the time of his or her initial election or appointment and annually thereafter. The conflict of interest policy annual statement shall be in such form as is deemed appropriate by the president with advice from the organization's counsel as needed.

Form 990, Part VI, Section B, Line 15

The board evaluates the compensation of the organization's executive director and other officers annually through comparable industry standards and performance reviews.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Ace Mv Inc
EIN
26-3371336
Phone
5086939222
Address
35 GREENWOOD AVENUE, VINEYARD HAVEN, MA 02568

Signing Officer

Name
Norman Werthwein
Title
Treasurer
Phone
5086939222
Signed
2019-04-05

Organization Details

Principal Officer
Samuel Hart
Formed
2008
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
6
Volunteers
6

Preparer

Firm
Cliftonlarsonallen Llp
Address
300 CROWN COLONY DRIVE, QUINCY, MA 02169
Preparer
Judy Daley
Phone
6179848100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional fees: program service expenses 106,132. Management and general expenses 1,781. Fundraising expenses 0. Total expenses 107,913.

Raw XML Appendix397 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0157570
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0135565
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0118751
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0138921
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt016247
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0567054
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt06
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt015
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0139282
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0122670
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt094841
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0107207
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt062038
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0526038
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt06
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt015
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt01093092
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0296852
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0258235
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0213592
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0246128
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt078285
IRS990ScheduleA/Total509Grp/TotalAmt01093092
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0296858
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0258237
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0213595
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0246131
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt078286
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01093107
IRS990/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COMPLETE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH DIRECTOR, OFFICER, EMPLOYEE, AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS, SHALL COMPLETE, SIGN AND DELIVER TO THE CHAIRPERSON OF THE BOARD A CONFLICT OF INTEREST POLICY ANNUAL STATEMENT AT THE TIME OF HIS OR HER INITIAL ELECTION OR APPOINTMENT AND ANNUALLY THEREAFTER. THE CONFLICT OF INTEREST POLICY ANNUAL STATEMENT SHALL BE IN SUCH FORM AS IS DEEMED APPROPRIATE BY THE PRESIDENT WITH ADVICE FROM THE ORGANIZATION'S COUNSEL AS NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD EVALUATES THE COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR AND OTHER OFFICERS ANNUALLY THROUGH COMPARABLE INDUSTRY STANDARDS AND PERFORMANCE REVIEWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 106,132. MANAGEMENT AND GENERAL EXPENSES 1,781. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 107,913.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03360
IRS990/TotalAssetsEOYAmt010481
IRS990/TotalAssetsGrp/BOYAmt03360
IRS990/TotalAssetsGrp/EOYAmt010481
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0157570
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt08079
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt077190
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0202102
IRS990/TotalFunctionalExpensesGrp/TotalAmt0287371
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07579
IRS990/TotalLiabilitiesEOYAmt013333
IRS990/TotalLiabilitiesGrp/BOYAmt07579
IRS990/TotalLiabilitiesGrp/EOYAmt013333
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-4219
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2852
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0202102
IRS990/TotalProgramServiceRevenueAmt0139282
IRS990/TotalReportableCompFromOrgAmt055692
IRS990/TotalRevenueGrp/ExclusionAmt0-8114
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0139282
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0288738
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03360
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010481
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-4219
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-2852
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt035 GREENWOOD AVENUE
IRS990/USAddress/CityNm0VINEYARD HAVEN
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002568
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.ACEMV.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0NORMAN WERTHWEIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05086939222
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-04-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ACE MV INC
ReturnHeader/Filer/BusinessNameControlTxt0ACEM
ReturnHeader/Filer/EIN0263371336
ReturnHeader/Filer/PhoneNum05086939222
ReturnHeader/Filer/USAddress/AddressLine1Txt035 GREENWOOD AVENUE
ReturnHeader/Filer/USAddress/CityNm0VINEYARD HAVEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002568
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0B5F0C61FC85F921E2EFE2949432A568BEBE7A301
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId022CB8142CE1BD9D7B81ED2D7C7EE840C139A9201
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.137.57.251
ReturnHeader/FilingSecurityInformation/IPDt02019-04-05
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm014:40:27
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0300 CROWN COLONY DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0QUINCY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002169
ReturnHeader/PreparerPersonGrp/PhoneNum06179848100
ReturnHeader/PreparerPersonGrp/PreparationDt02019-04-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JUDY DALEY
ReturnHeader/ReturnTs02019-04-22T13:27:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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