Overview
What is Martha's Vineyard Fishermen's Preservation Trust Inc?
Martha's Vineyard Fishermen's Preservation Trust Inc is a nonprofit organization based in Meneisha, Massachusetts. Its main mission is to safeguard Martha's Vineyard's fishing heritage and future by supporting the island's small-boat, owner-operated fishing fleet. To achieve this, the Trust acquires fishing permits, quotas, and leases and sells them back to these local fleets at affordable rates or with customized payment plans, ensuring the sustainability of their catch. With a team of 9 employees, the Trust's activities are instrumental in preserving the island's fishing industry and its rich cultural traditions.
Official website here: www.mvfishermenspreservationtrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
Martha's Vineyard Fishermen's Preservation Trust Inc has achieved an impressive 97% score, reflecting its strong accountability and finance practices. The charity's high rating indicates that it excels in financial management, with no material diversion of assets and a solid ratio of program expenses that stands at 71.69%. This suggests that a significant portion of its funds is directed towards fulfilling its mission.
The organization boasts a predominantly independent board, with 85% of its members meeting this criterion, which contributes positively to its governance. Additionally, it has established comprehensive policies regarding conflict of interest, whistleblower protections, and document retention, further demonstrating its commitment to ethical practices and transparency.
While the rating and feedback highlight numerous strengths, specific program outcomes and community impact details are not included in the financial rating metrics. The absence of this qualitative data may limit a full understanding of the trust's effectiveness in meeting its mission beyond financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Martha's Vineyard Fishermen's Preservation Trust Inc legitimate?
Martha's Vineyard Fishermen's Preservation Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Martha's Vineyard Fishermen's Preservation Trust Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $102,292
Professional Fundraising Fees: $0
Other Salaries and Wages: $180,461
For more financial information, click here
Official website here: www.mvfishermenspreservationtrust.org
What is the mission statement of Martha's Vineyard Fishermen's Preservation Trust Inc?
The Martha's Vineyard Fishermen's Preservation Trust Inc is dedicated to preserving and protecting the fishing heritage of a specific region, ensuring its future sustainability. The organization focuses on supporting small-boat, owner-operated fishing fleets and their sustainably harvested catch. To achieve this, the Trust acquires fishing permits, quotas, and leases, and then sells them back to local fishing fleets at below-market rates or with customized payment plans. This approach aims to safeguard the fishing industry, promoting its long-term viability while ensuring the maintenance of the region's fishing resources.
Official website here: www.mvfishermenspreservationtrust.org
Who is the CEO of Martha's Vineyard Fishermen's Preservation Trust Inc?
John Keene is the President of Martha's Vineyard Fishermen's Preservation Trust Inc.
Official website here: www.mvfishermenspreservationtrust.org
What is the revenue of Martha's Vineyard Fishermen's Preservation Trust Inc?
Martha's Vineyard Fishermen's Preservation Trust Inc's revenue in 2022 was $388,741.
Official website here: www.mvfishermenspreservationtrust.org
Who are the executives of Martha's Vineyard Fishermen's Preservation Trust Inc and what are their salaries?
The average compensation at Martha's Vineyard Fishermen's Preservation Trust Inc during 2022 was $31,417. There are 9 employees and 5 volunteers at Martha's Vineyard Fishermen's Preservation Trust Inc.
Here are 7 key members and their salaries:
- Compensation: $70,417
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Official website here: www.mvfishermenspreservationtrust.org
Where can I find the form 990 for Martha's Vineyard Fishermen's Preservation Trust Inc?
Martha's Vineyard Fishermen's Preservation Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mvfishermenspreservationtrust.org
Learn more at the official website: www.mvfishermenspreservationtrust.org
Mission Statement of Martha's Vineyard Fishermen's Preservation Trust Inc
The Martha's Vineyard Fishermen's Preservation Trust Inc, a nonprofit organization, is dedicated to safeguarding Martha's Vineyard's fishing heritage and ensuring a sustainable future for its small-boat, owner-operated fishing fleets. The Trust's primary mission revolves around leasing fishing permits and quotas to these local fishing fleets, thereby providing them with resources at below-market rates or flexible payment plans. By doing so, the Trust aims to support these fleets in their pursuit of sustainably harvested catches, thereby preserving the island's unique fishing traditions. In essence, the Martha's Vineyard Fishermen's Preservation Trust Inc serves as a vital protector of the island's fishing industry, ensuring its continuity for future generations.
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Impact
June, 2024
Martha's Vineyard Fishermen's Preservation Trust Inc safeguards Martha's Vineyard's fishing heritage and future by supporting the island's small-boat owner-operated fishing fleets and their sustainably harvested catch. Through activities like permit and quota leasing, the organization acquires fishing permits, quotas, and leases, selling them back to local small-boat, owner-operated fishing fleets at below market rates or with customized payment plans. This initiative helps ensure the sustainability of the island's fishing industry and preserves a vital aspect of Martha's Vineyard's cultural and economic heritage.
This information is meant to be a general summary of Martha's Vineyard Fishermen's Preservation Trust Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,577
- Program Service Revenue: $147,227
- Gross Receipts: $873,805
Assets and Liabilities:
- Total Assets: $1,605,240
- Total Liabilities: $336,902
- Net Assets: $1,268,338
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEET THE FLEET
Revenue
$64,252
QUOTA LEASE
Revenue
$44,475
FISHERIES REPRESENTATIVE FEES
Revenue
$36,000
LOBSTER TAG SALES
Revenue
$2,500
Organization Details
Founding Year
2011
Phone
(407) 414-5387Principal Officer
John Keene
Main Address
PO BOX 96, MENEMSHA, MA, 02552
NTEE Category
Code: C30 - Environment
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