Overview
What is Friends Of Mvyradio Inc?
Friends of Mvyradio Inc is a nonprofit organization based in West Tisbury, Massachusetts. Their primary mission is to foster a sense of community through music, reflecting the local, regional, and global essence of Martha's Vineyard and the surrounding area. They achieve this by broadcasting a mix of local and national news, public service announcements, and feature programs for local nonprofit organizations. One of their most popular programs, "The Mvyradio Person of the Week," highlights individuals making a positive impact in their community. Another notable show, "The Vineyard Current," has won multiple awards for its weekly news round-ups, profiles of local people and organizations, and companion program, "The Cape Cod Current." In addition, Friends of Mvyradio Inc offers programs featuring local musicians and hosts community events, such as their "Island Housing Crisis Panel Conversation Series" and collaborations with local organizations like the Mv Diversity Coalition. They also provide important information to the Brazilian community living on Martha's Vineyard by translating weekly news stories into Portuguese.
Official website here: www.mvyradio.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Friends Of Mvyradio Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization has a high percentage of independent board members and has shown strong oversight in its financial practices, with no reported material diversion of assets. This demonstrates a commitment to transparency and governance.
However, the nonprofit faces challenges in its program expense ratio, which stands at 54.06%, indicating that a lower proportion of its expenses are directed toward programs compared to its overall budget. Additionally, it lacks a whistleblower policy and a document retention and destruction policy, which are important for ensuring operational integrity and compliance.
Despite these limitations, Friends Of Mvyradio Inc has a commendable liabilities to assets ratio and a favorable working capital ratio, suggesting good financial health and sustainability. Overall, while there are areas for improvement, the organization demonstrates a strong foundation in accountability and financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Mvyradio Inc legitimate?
Friends Of Mvyradio Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Mvyradio 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: $106,262
Professional Fundraising Fees: $0
Other Salaries and Wages: $828,124
For more financial information, click here
Official website here: www.mvyradio.org
What is the mission statement of Friends Of Mvyradio Inc?
Friends of Mvyradio Inc aims to foster community engagement through music. Mvyradio aspires to reflect diverse perspectives, encompassing local, regional, and global music, news, culture, and community. The station achieves this by embracing its roots and utilizing contemporary media and community engagement to enrich its audience's lives. Mvyradio provides local and national news, produces locally-focused feature programs, and offers platforms for hundreds of local individuals and organizations to share their voices. In addition, the organization hosts forums and collaborates with local organizations to address crucial issues, such as affordable housing and diversity.
Official website here: www.mvyradio.org
Who is the CEO of Friends Of Mvyradio Inc?
James Attwood is the Chair of Friends Of Mvyradio Inc.
Official website here: www.mvyradio.org
What is the revenue of Friends Of Mvyradio Inc?
Friends Of Mvyradio Inc's revenue in 2022 was $2,072,963.
Official website here: www.mvyradio.org
Who are the executives of Friends Of Mvyradio Inc and what are their salaries?
The average compensation at Friends Of Mvyradio Inc during 2022 was $40,625. There are 23 employees and 52 volunteers at Friends Of Mvyradio Inc.
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Official website here: www.mvyradio.org
Where can I find the form 990 for Friends Of Mvyradio Inc?
Friends Of Mvyradio Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mvyradio.org
Learn more at the official website: www.mvyradio.org
Mission Statement of Friends Of Mvyradio Inc
Friends of MVYRadio Inc, a nonprofit organization, is committed to building community through the power of music. Their mission is to reflect Martha's Vineyard and the surrounding region in music, news, culture, and community. They achieve this by embracing their local, regional, and global roots, utilizing an independent format, and engaging with contemporary media and community engagement. The station's primary goal is to enrich the lives of its audience by providing a platform for local individuals and organizations to share their voices.
MVYRadio aspires to be a reflection of its community, and it accomplishes this through various programs. One such program is "The MVYRadio Person of the Week," a 3-minute first-person portrait showcasing a local individual making a positive impact on their community. This initiative highlights over 50 individuals annually, giving them a platform to share their stories and contributions. Another noteworthy program is "The Vineyard Current," a 30-minute news magazine format that airs every Sunday morning. This program features weekly news updates, profiles of local individuals and organizations, and has won several Massachusetts Broadcasters Association awards.
By producing and airing these programs, Friends of MVYRadio Inc ensures that hundreds of local individuals and organizations are given a voice on the air. In addition, the station organizes community events and collaborates with other organizations to further engage with the community and promote positive change. For instance, in 2022, they held the "Island Housing Crisis Panel Conversation Series" to discuss affordable housing issues on Martha's Vineyard. They also collaborated with the MV Diversity Coalition on a panel series and participated in the "Truth & Joy" event, which highlighted local African American history and culture.
In conclusion, Friends of MVYRadio Inc is a nonprofit organization dedicated to building community through music and media. They provide a platform for local individuals and organizations, reflecting the music, news, culture, and community of Martha's Vineyard and the surrounding region. Through their programs and events, they enrich the lives of their audience and contribute to the overall well-being of their community.
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Impact
July, 2024
Friends Of Mvyradio Inc's impact lies in building community through the power of music. The station provides local and national news, broadcasts public service announcements for local organizations, and produces several locally-focused feature programs. These programs, such as "The MVYRadio Person of the Week" and "The Vineyard Current," showcase individuals and organizations making a positive impact on Martha's Vineyard. The station's efforts to address important issues, such as affordable housing and diversity, through events and programming demonstrate its commitment to enriching the lives of its audience. Through its music and community engagement, Friends Of Mvyradio Inc serves as a valuable platform for giving voice to hundreds of local individuals and organizations.
This information is meant to be a general summary of Friends Of Mvyradio 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: $124
- Program Service Revenue: $505,984
- Gross Receipts: $2,144,516
Assets and Liabilities:
- Total Assets: $5,829,198
- Total Liabilities: $1,137,279
- Net Assets: $4,691,919
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UNDERWRITING FEES
Revenue
$469,979
OTHER PROGRAM REVENUE
Revenue
$36,005
Organization Details
Founding Year
2013
Phone
(508) 693-5000Principal Officer
James Attwood
Main Address
489 STATE ROAD, WEST TISBURY, MA, 02575
Website
www.mvyradio.orgNTEE Category
Code: T99 - Philanthropy
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