Civic Intelligence

Friends of Mvyradio Inc

EIN 46-3432541 • 501(c)3 • West Tisbury, MA

View Organization Page

Profile

Mvyradio aspires to reflect martha's vineyard and the region in music, news, culture and community. Mvyradio embraces its local, regional and worldwide roots through its independent format, and uses contemporary media and community engagement to enrich the lives of our audience.

PO Box 1420West Tisbury, MA 02575

mvyradio.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

48th percentile

0.11x

Higher debt load relative to assets than 48% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.26x

Higher debt load relative to revenue than 61% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

55th percentile

6.9%

Higher net margin than 55% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

47th percentile

$123,815

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

23rd percentile

-3.8%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

39th percentile

1.7%

Faster revenue growth than 39% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets48th percentile

Assets

Down

$5,725,315

Down $227,390 (-3.8%) from 2023

Liabilities

Down

$622,982

Down $395,639 (-39%) from 2023

Net Assets

Up

$5,102,333

Up $168,249 (+3.4%) from 2023

Operations
Liabilities / Revenue61st percentileNet Margin55th percentile

Revenue

Up

$2,441,319

Up $40,397 (+1.7%) from 2023

Expenses

Up

$2,273,968

Up $115,211 (+5.3%) from 2023

Net Income

Down

$167,351

Down $74,814 (-31%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth23rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2014: $643,228Liabilities 2014: $31,879Net Assets 2014: $611,3492014Assets 2015: $1,076,835Liabilities 2015: $78,505Net Assets 2015: $998,3302015Assets 2016: $1,148,853Liabilities 2016: $61,029Net Assets 2016: $1,087,8242016Assets 2017: $1,263,437Liabilities 2017: $66,952Net Assets 2017: $1,196,4852017Assets 2018: $1,182,016Liabilities 2018: $49,681Net Assets 2018: $1,132,3352018Assets 2019: $2,894,479Liabilities 2019: $756,037Net Assets 2019: $2,138,4422019Assets 2020: $4,704,754Liabilities 2020: $1,219,401Net Assets 2020: $3,485,3532020Assets 2021: $5,681,922Liabilities 2021: $1,047,739Net Assets 2021: $4,634,1832021Assets 2022: $5,829,198Liabilities 2022: $1,137,279Net Assets 2022: $4,691,9192022Assets 2023: $5,952,705Liabilities 2023: $1,018,621Net Assets 2023: $4,934,0842023Assets 2024: $5,725,315Liabilities 2024: $622,982Net Assets 2024: $5,102,3332024

Highlighted filing

2024

Assets$5,725,315
Liabilities$622,982
Net Assets$5,102,333
Open 2024 Filing

Operations Trend

Revenue Growth39th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $769,292Expenses 2014: $157,943Net Income 2014: $611,3492014Revenue 2015: $1,306,713Expenses 2015: $1,087,732Net Income 2015: $218,9812015Revenue 2016: $1,326,764Expenses 2016: $1,195,270Net Income 2016: $131,4942016Revenue 2017: $1,368,731Expenses 2017: $1,218,070Net Income 2017: $150,6612017Revenue 2018: $1,281,953Expenses 2018: $1,304,103Net Income 2018: -$22,1502018Revenue 2019: $2,341,985Expenses 2019: $1,301,024Net Income 2019: $1,040,9612019Revenue 2020: $2,700,389Expenses 2020: $1,353,478Net Income 2020: $1,346,9112020Revenue 2021: $2,883,787Expenses 2021: $1,734,957Net Income 2021: $1,148,8302021Revenue 2022: $2,072,963Expenses 2022: $2,015,227Net Income 2022: $57,7362022Revenue 2023: $2,400,922Expenses 2023: $2,158,757Net Income 2023: $242,1652023Revenue 2024: $2,441,319Expenses 2024: $2,273,968Net Income 2024: $167,3512024

Highlighted filing

2024

Revenue$2,441,319
Expenses$2,273,968
Net Income$167,351
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,725,315
Liabilities
$622,982
Net assets
$5,102,333
Revenue
$2,441,319
Expenses
$2,273,968
Net income
$167,351
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.73$0.62$5.10$2.44$2.27$0.17
2023Detailed filing. Detailed filing data is available for this year.$5.95$1.02$4.93$2.40$2.16$0.24
2022Detailed filing. Detailed filing data is available for this year.$5.83$1.14$4.69$2.07$2.02$0.06
2021Detailed filing. Detailed filing data is available for this year.$5.68$1.05$4.63$2.88$1.73$1.15
2020Detailed filing. Detailed filing data is available for this year.$4.70$1.22$3.49$2.70$1.35$1.35
2019Detailed filing. Detailed filing data is available for this year.$2.89$0.76$2.14$2.34$1.30$1.04
2018Detailed filing. Detailed filing data is available for this year.$1.18$0.05$1.13$1.28$1.30$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.26$0.07$1.20$1.37$1.22$0.15
2016Detailed filing. Detailed filing data is available for this year.$1.15$0.06$1.09$1.33$1.20$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.08$0.08$1.00$1.31$1.09$0.22
2014Detailed filing. Detailed filing data is available for this year.$0.64$0.03$0.61$0.77$0.16$0.61
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 9, 2025
Return Version
2024v5.2
Gross Receipts
$2,987,143
Mission and Program Overview

Mission

Mvyradio aspires to reflect martha's vineyard and the region in music, news, culture and community. Mvyradio embraces its local, regional and worldwide roots through its independent format, and uses contemporary media and community engagement to enrich the lives of our audience.

Building community through the power of music.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,933,335$3,835,629▼ $97,706
Cash and Non-Interest-Bearing Accounts$437,816$527,413▲ $89,597
Intangible Assets$225,000$225,000→ $0
Pledges and Grants Receivable$112,121$219,138▲ $107,017
Savings and Temporary Cash Investments$619,578$217,816▼ $401,762
Investments in Publicly Traded Securities-$108,387-
Accounts Receivable$60,462$60,703▲ $241
Prepaid Expenses and Deferred Charges$18,915$18,423▼ $492
Total Assets$5,952,705$5,725,315▼ $227,390
Other Assets Total$545,478$512,806▼ $32,672
Liabilities
Other Liabilities$556,657$528,813▼ $27,844
Mortgage Notes Payable Secured by Investment Property$393,842--
Accounts Payable and Accrued Expenses$66,012$93,909▲ $27,897
Deferred Revenue$2,110$260▼ $1,850
Total Liabilities$1,018,621$622,982▼ $395,639
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,746,594$4,854,213▲ $107,619
Net Assets With Donor Restrictions$187,490$248,120▲ $60,630
Total Net Assets Fund Balance$4,934,084$5,102,333▲ $168,249
Total Liabilities and Net Assets / Fund Balance$5,952,705$5,725,315▼ $227,390

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,187,705$404,383$3,592,088
Land$449,729-$449,729
Equipment$132,603$295,761$428,364
Other Land Buildings$65,592$26,051$91,643
Leasehold Improvements$0$16,141$16,141
Other Assets Org$512,806--
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paul J FinnExecutive DirectorFT$118,063$5,752$123,815

Board Members and Trustees

NameTitle
James AttwoodChair
Rogers BrandonVice Chair
Brenda BrathwaiteDirector
David EdmondsDirector
Deborah RappaportDirector
Diann RayDirector
Erin MoranDirector
Gary RosenDirector
John BeckDirector
Kathleen TeehanDirector
Katie DawsonDirector
Larry PerkinsDirector
Olivia SteeleDirector
Pat WashingtonDirector
Peter TollmanDirector
Rahoul RoyDirector
Richard RobertsDirector
Sam FlemingDirector
Scott FedonchikDirector
Sue GuineyDirector
Tristan IsraelDirector
Ursula KreskeyDirector
Zeb LandsmanDirector
Susan ColeClerk
Keith CrawfordTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,853,423
Program Service Revenue
$584,052
Investment Income
$12,668
Other Revenue
$-8,824
All Other Contributions
$1,853,423
Change in Net Assets
$167,351

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,441,319
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$898
Total Revenue per Audited Statements
$2,442,217
Total Revenue per Form 990
$2,441,319
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,368,619
Other Expenses$905,349
Total Fundraising Expense$647,241
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$573,118$103,019$310,204$986,341
Depreciation Depletion$126,092$40,687$400$167,179
Advertising$98,386-$31,787$130,173
Other Employee Benefits$74,742$18,645$35,842$129,229
Current Officers, Directors, Trustees, and Key Employees$41,322$17,709$59,032$118,063
Payroll Taxes$56,657$10,954$29,039$96,650
All Other Expenses$26,289$11,629$34,512$72,430
Occupancy$71,368--$71,368
Fees for Services Other$36,270$3,426$20,605$60,301
Fees for Services Management-$45,918-$45,918
Travel$38,573-$3,132$41,705
Other Expenses$33,290$1,432$4,308$39,030
Pension Plan Contributions$20,009$4,558$13,769$38,336
Insurance$17,627$15,962-$33,589
Information Technology$9,687$622$13,778$24,087
Fees for Services Accounting-$20,900-$20,900
Office Expenses$8,238$502$5,706$14,446
Interest$624$1,020-$1,644
Total Functional Expenses$1,329,255$297,472$647,241$2,273,968

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,273,968
Total Expenses per Audited Statements$2,273,968
Total Expenses per Form 990$2,273,968
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$23,384
Fundraising Gross Income$14,560
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Mvy David Wax$14,560$14,560$23,384$-8,824
Total Events$14,560$14,560$23,384$-8,824
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Obligations$528,813
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
No
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 board president and audit/finance committee review form 990 before it is filed.”

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

“Board and staff members provide annual disclosures of potential conflicts of interest. If a conflict of interest arises, the board member is recused from voting on the action or item.”

Form 990, Part VI, Section B, Line 15A

“Comparable cpb data is reviewed by finance committee.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Friends of Mvyradio Inc
EIN
46-3432541
Phone
5086935000
Address
PO BOX 1420, WEST TISBURY, MA 02575

Signing Officer

Name
Paul J Finn
Title
Executive Director
Phone
5086935000
Signed
2025-07-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Attwood
Formed
2013
Legal Domicile
Ma
Voting Board Members
26
Independent Board Members
25
Employees
30
Volunteers
46

Preparer

Firm
Brock and Company Cpas Pc
Address
4940 PEARL EAST CR SUITE 300, BOULDER, CO 80301
Preparer
Kevin Rickman
Phone
3034442971
Raw XML AppendixShowing 400 of 626 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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IRS990/Desc0THE STATION PRODUCES SEVERAL LOCALLY-FOCUSED FEATURE PROGRAMS. "THE MVYRADIO PERSON OF THE WEEK" IS A 3 MINUTE FIRST PERSON PORTRAIT OF A LOCAL INDIVIDUAL WHO IS CREATING A COMMUNITY BENEFIT. WE SPOTLIGHT OVER 50 INDIVIDUALS EACH YEAR. ON SUNDAY MORNINGS, WE AIR A 30 MINUTE "NEWS MAGAZINE" FORMAT PROGRAM CALLED "THE VINEYARD CURRENT." THIS PROGRAM HAS WON A DOZEN MASSACHUSETTS BROADCASTERS ASSOCIATION AWARDS. THE PROGRAM BEGINS WITH A WEEKLY NEWS ROUND-UP FEATURING REPORTERS FROM THE VINEYARD GAZETTE, FOLLOWED BY PROFILES OF PEOPLE AND ORGANIZATIONS THAT MAKE MARTHA'S VINEYARD TICK. THIS SHOW HAS A COMPANION PROGRAM CALLED "THE CAPE COD CURRENT" WHICH FOLLOWS A SIMILAR FORMAT, INSTEAD FOCUSING ON CAPE COD RESIDENTS AND ORGANIZATIONS. ON SUNDAY NIGHTS, FROM 7PM TO 8PM, WE AIR A PROGRAM CALLED "MVYRADIO NIGHT CASTS." THIS MUSIC PROGRAM FOCUSES ON A WEEKLY THEME, WITH MUSIC SELECTIONS TO HIGHLIGHT THE THEME, PLUS AN IN-STUDIO LOCAL GUEST, AND RECORDED "LOCAL VOICES" TALKING ABOUT THE THEME. ON TUESDAYS, WE AIR THE WEEKLY ONE-HOUR PROGRAM "THE MVYRADIO LOCAL MUSIC CAFE" WHICH SPOTLIGHTS LOCAL/NEW ENGLAND-BASED INDEPENDENT MUSICIANS. THROUGH THESE PROGRAMS, HUNDREDS OF LOCAL INDIVIDUALS AND ORGANIZATIONS ARE GIVEN A VOICE ON THE AIR. WE HELD OUR ANNUAL NIGHT OUT FOR NONPROFITS. WE INVITE REPRESENTATIVES FROM THE OVER 200 NONPROFITS ON THE ISLAND FOR A COCKTAIL HOUR, AND THEN BRING IN THE GENERAL PUBLIC FOR A FUN NIGHT WITH LIVE MUSIC AND FOOD. MONEY COLLECTED AT THE DOOR BENEFITS THE MV DONORS COLLABORATIVE, WHICH HOLDS EDUCATIONAL TRAINING FOR NONPROFIT LEADERS.WE CONTINUED OUR RADIO GAMES SERIES. THIS FREE AFTER SCHOOL HOUR IS HELD WEEKLY AT THE WEST TISBURY LIBRARY FOR MIDDLE SCHOOL AGED STUDENTS. AN MVY DJ TEACHES COMMUNICATION SKILLS VIA AGE-APPROPRIATE GAMES.WE ALSO CONTINUED OUR COLLABORATION WITH THE MARTHA'S VINEYARD CHARTER SCHOOL. ON FRIDAY, GROUPS OF STUDENTS VISIT THE STATION TO PLAY AGE-APPROPRIATE GAMES THAT TEACH COMMUNICATION SKILLS. THEY ALSO LEARN ABOUT RECORDING TECHNIQUES.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/PersonNm0PAUL J FINN
IRS990/Form990PartVIISectionAGrp/PersonNm1JAMES ATTWOOD
IRS990/Form990PartVIISectionAGrp/PersonNm2ROGERS BRANDON
IRS990/Form990PartVIISectionAGrp/PersonNm3KEITH CRAWFORD
IRS990/Form990PartVIISectionAGrp/PersonNm4SUSAN COLE
IRS990/Form990PartVIISectionAGrp/PersonNm5KATHLEEN TEEHAN
IRS990/Form990PartVIISectionAGrp/PersonNm6BRENDA BRATHWAITE
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN BECK
IRS990/Form990PartVIISectionAGrp/PersonNm8KATIE DAWSON
IRS990/Form990PartVIISectionAGrp/PersonNm9DAVID EDMONDS
IRS990/Form990PartVIISectionAGrp/PersonNm10SCOTT FEDONCHIK
IRS990/Form990PartVIISectionAGrp/PersonNm11SUE GUINEY
IRS990/Form990PartVIISectionAGrp/PersonNm12TRISTAN ISRAEL
IRS990/Form990PartVIISectionAGrp/PersonNm13URSULA KRESKEY
IRS990/Form990PartVIISectionAGrp/PersonNm14ZEB LANDSMAN
IRS990/Form990PartVIISectionAGrp/PersonNm15ERIN MORAN
IRS990/Form990PartVIISectionAGrp/PersonNm16LARRY PERKINS
IRS990/Form990PartVIISectionAGrp/PersonNm17DEBORAH RAPPAPORT
IRS990/Form990PartVIISectionAGrp/PersonNm18DIANN RAY
IRS990/Form990PartVIISectionAGrp/PersonNm19GARY ROSEN
IRS990/Form990PartVIISectionAGrp/PersonNm20RAHOUL ROY
IRS990/Form990PartVIISectionAGrp/PersonNm21OLIVIA STEELE
IRS990/Form990PartVIISectionAGrp/PersonNm22PETER TOLLMAN
IRS990/Form990PartVIISectionAGrp/PersonNm23PAT WASHINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm24SAM FLEMING
IRS990/Form990PartVIISectionAGrp/PersonNm25RICHARD ROBERTS
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
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IRS990/MissionDesc0WMVY'S GOAL IS TO SERVE THE COMMUNITIES OF MARTHA'S VINEYARD AND CAPE COD AND TO REFLECT THE VOICE AND SPIRIT OF THOSE WHO LIVE HERE, THROUGH THE STATION'S PROGRAMMING AND PERSONALITIES. MVY WORKS HARD TO PROVIDE THE COMMUNITY WITH RELIABLE, CURRENT INFORMATION SURROUNDING BASIC NEEDS SUCH AS WEATHER, TIDES, SEA CONDITIONS, FERRY AND AIRLINE SERVICE, SCHOOL CLOSINGS, TRAFFIC INFORMATION, EMERGENCY MANAGEMENT MESSAGES AND OTHER VITAL SERVICES. THE STATION PROVIDES LOCAL AND NATIONAL NEWS AND BROADCASTS PUBLIC SERVICE ANNOUNCEMENTS FOR LOCAL NONPROFIT ORGANIZATIONS.
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