Civic Intelligence

Misty Meadows Foundation Inc.

990 • Fiscal year 2017 • EIN 81-2932294

Jan 01, 2017 to Dec 31, 2017 • Filed on May 14, 2018

55 Misty Meadows LaneWest Tisbury, MA 02575

(508) 338-7198

Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

2nd percentile

-121%

Higher net margin than 2% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

27th percentile

-1.2%

Faster asset growth than 27% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-99%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Down

$11,103,088

Down $132,045 (-1.2%) from 2016

Net Assets

Down

$11,103,088

Down $132,045 (-1.2%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$108,836

Down $11,298,089 (-99%) from 2016

Expenses

Up

$240,881

Up $69,089 (+40%) from 2016

Net Income

Down

-$132,045

Down $11,367,178 (-101%) from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2016: $11,235,133Liabilities 2016: $0Net Assets 2016: $11,235,1332016Assets 2017: $11,103,088Liabilities 2017: $0Net Assets 2017: $11,103,0882017Assets 2019: $11,378,669Liabilities 2019: $16,103Net Assets 2019: $11,362,5662019Assets 2020: $11,180,576Liabilities 2020: $8,196Net Assets 2020: $11,172,3802020Assets 2021: $11,064,124Liabilities 2021: $8,599Net Assets 2021: $11,055,5252021Assets 2022: $10,442,625Liabilities 2022: $21,760Net Assets 2022: $10,420,8652022Assets 2023: $10,631,836Liabilities 2023: $122,482Net Assets 2023: $10,509,3542023Assets 2024: $10,760,850Liabilities 2024: $273,118Net Assets 2024: $10,487,7322024

Highlighted filing

2017

Assets$11,103,088
Liabilities$0
Net Assets$11,103,088

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2016: $11,406,925Expenses 2016: $171,792Net Income 2016: $11,235,1332016Revenue 2017: $108,836Expenses 2017: $240,881Net Income 2017: -$132,0452017Revenue 2019: $1,045,002Expenses 2019: $337,525Net Income 2019: $707,4772019Revenue 2020: $84,716Expenses 2020: $411,315Net Income 2020: -$326,5992020Revenue 2021: $406,501Expenses 2021: $649,076Net Income 2021: -$242,5752021Revenue 2022: $355,848Expenses 2022: $744,083Net Income 2022: -$388,2352022Revenue 2023: $611,173Expenses 2023: $681,480Net Income 2023: -$70,3072023Revenue 2024: $537,033Expenses 2024: $606,611Net Income 2024: -$69,5782024

Highlighted filing

2017

Revenue$108,836
Expenses$240,881
Net Income-$132,045
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 14, 2018
Return Version
2017v2.2
Gross Receipts
$260,041
Mission and Program Overview

Mission

The corporation is specifically organized and shall be operated for the benefit of and to support and carry out the purposes of the misty meadows equine learning center, inc. ("mmelc") a massachusetts nonprofit corporation. The corporation operates as a type i supporting organization within the meaning of section 509(a)(3) of the internal revenue code of 1986, as amended, and shall be operated and supervised or controlled by the mmelc, as set forth in the bylaws of the corporation.

See schedule o for organization's mission and significant activities. The corporation is specifically organized and shall be operated for the benefit of and to support and carry out the purposes of the martha's vineyard community horse center, inc., a massachusetts nonprofit corporation ("mvchc"). The corporation operates as a type i supporting organization within the meaning of section 509(a)(3) of the internal revenue code of 1986, as amended, and shall be operated and supervised or controlled by the mvchc, as set forth in the bylaws of the corporation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,500,000$10,500,000→ $0
Savings and Temporary Cash Investments$673,434$524,329▼ $149,105
Cash and Non-Interest-Bearing Accounts$61,699$78,759▲ $17,060
Total Assets$11,235,133$11,103,088▼ $132,045
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$11,235,133$11,103,088▼ $132,045
Total Net Assets Fund Balance$11,235,133$11,103,088▼ $132,045
Total Liabilities and Net Assets / Fund Balance$11,235,133$11,103,088▼ $132,045

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,000,000-$10,000,000
Land$500,000-$500,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Cat GarfinklePresident
Doug McneelyBoard Member
Julie SkinnerBoard Member
Michael BlanchardBoard Member
Samantha LookClerk/director
Julie FlandersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$77,047
Program Service Revenue
$0
Investment Income
$947
Other Revenue
$30,842
All Other Contributions
$77,047
Change in Net Assets
$-132,045

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$77,047New York Stock Exchange
Total Noncash Contributions1$77,047-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$230,033
Other Expenses$10,848
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$230,033--$230,033
Fees for Services Legal-$4,705-$4,705
Fees for Services Accounting-$2,785-$2,785
Fees for Services Other-$1,210-$1,210
Other Expenses-$40-$40
Total Functional Expenses$230,033$10,848$0$240,881
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
MARTHA'S VINEYARD COMMUNITY HORSE CENTER INCWest Tisbury, MA501 (c) (3)THE CORPORATION IS SPECIFICALLY ORGANIZED AND SHALL BE OPERATED FOR THE BENEFIT OF AND TO CARRY OUT THE PURPOSES OF THE MARTHA'S VINEYARD COMMUNITY HORSE CENTER, INC., A MASSACHUSETTS NONPROFIT CORPORATION ("MVCHC"). THE CORPORATION OPERATES AS A TYPE I SUPPORTING ORGANIZATION WITHIN THE MEANING OF SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, AND SHALL BE OPERATED AND SUPERVISED OR CONTROLLED BY THE MATHA'S VINEYARD COMMUNITY HORSE CENTER "MVCHC", AS SET FORTH IN THE BYLAWS OF THE CORPORATION.$230,033
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
No
Annual disclosure for covered persons
Yes
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
No
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

Form 990 is made available to the board members for review, comments and approval prior to filing.

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

Any potential conflicts of interest are discussed at board of directors meetings.

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
Mvchc Foundation Inc
EIN
81-2932294
Phone
5083387198
Address
55 MISTY MEADOWS LANE, WEST TISBURY, MA 02575

Signing Officer

Name
Cat Garfinkle
Title
President
Phone
5083387198
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cat Garfinkle
Formed
2016
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Tonneson & Company Pc
Address
401 EDGEWATER PLACE SUITE 300, WAKEFIELD, MA 01880
Preparer
Thomas P Fulchino CPA
Phone
7812459999
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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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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt055 MISTY MEADOW LANE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WEST TISBURY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002575
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0NEW YORK STOCK EXCHANGE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt077047
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS MADE AVAILABLE TO THE BOARD MEMBERS FOR REVIEW, COMMENTS AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY POTENTIAL CONFLICTS OF INTEREST ARE DISCUSSED AT BOARD OF DIRECTORS MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
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 C, LINE 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0810774854
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0THE HORSE CENTER OFFERS UNIQUE PROGRAMS BRINGING HORSES AND HUMANS TOGETHER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt055 MISTY MEADOW LANE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WEST TISBURY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002575
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0LEASE AGREEMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MARTHA'S VINEYARD COMMUNITY HORSE CENTER INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
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IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
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IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt011235133
IRS990/TotalAssetsEOYAmt011103088
IRS990/TotalAssetsGrp/BOYAmt011235133
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IRS990/TotalContributionsAmt077047
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010848
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0230033
IRS990/TotalFunctionalExpensesGrp/TotalAmt0240881
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011235133
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011103088
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IRS990/TotalProgramServiceExpensesAmt0230033
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0947
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt030842
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0108836
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011235133
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011103088
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt011235133
IRS990/UnrestrictedNetAssetsGrp/EOYAmt011103088
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt039 SARITA WALKER ROAD
IRS990/USAddress/CityNm0VINEYARD HAVEN
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002568
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CAT GARFINKLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05083387198
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MVCHC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MVCH
ReturnHeader/Filer/EIN0812932294
ReturnHeader/Filer/PhoneNum05083387198
ReturnHeader/Filer/USAddress/AddressLine1Txt055 MISTY MEADOWS LANE
ReturnHeader/Filer/USAddress/CityNm0WEST TISBURY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002575
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId07102FEB59B6F304A9D733F49FAB228C40A8FBB88
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0541DF4CDD25805016999B7E781217BEC7B9F285B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.88.174.3
ReturnHeader/FilingSecurityInformation/IPDt02018-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm011:23:05
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042943536
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TONNESON & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0401 EDGEWATER PLACE SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WAKEFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001880
ReturnHeader/PreparerPersonGrp/PhoneNum07812459999
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS P FULCHINO CPA
ReturnHeader/ReturnTs02018-05-15T07:26:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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