Mv Vision Fellowship Fund
Mv Vision Fellowship Fund experiences significant deficit spending in recent years, drawing down assets.
EIN: 134200820 · Vineyard Haven, MA · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $448K |
| Program Spending | 80% |
| Net Assets | $6.5M |
| Transparency Score | 70/100 |
Is Mv Vision Fellowship Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mv Vision Fellowship Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mv Vision Fellowship Fund
Mv Vision Fellowship Fund (EIN: 134200820) is a nonprofit organization based in Vineyard Haven, MA, classified under NTEE code B82. The organization reported total revenue of $1.9M and total assets of $7.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mv Vision Fellowship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mv Vision Fellowship Fund is a mid-size nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -16.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $60K |
| Total Expenses | $448K |
| Surplus / Deficit | $-388,071 |
| Total Assets | $6.6M |
| Total Liabilities | $24K |
| Net Assets | $6.5M |
| Operating Margin | -649.7% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 175.6 months |
Financial Health Grade: B
In 2023, Mv Vision Fellowship Fund reported a deficit of $388K with expenses exceeding revenue, holds 175.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mv Vision Fellowship Fund's revenue has declined at a compound annual growth rate (CAGR) of -16.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -69.6% | -41.2% | +1.3% |
| 2022 | -80.5% | -39.5% | -21.1% |
| 2021 | +121.6% | +39.7% | -5.0% |
| 2020 | -86.3% | -21.2% | -1.9% |
| 2019 | +263.2% | +25.7% | +47.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mv Vision Fellowship Fund with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Mv Vision Fellowship Fund allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $388K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid, compensated through non-officer roles, or that the organization is primarily volunteer-led. This is a strong positive for resource allocation, as it means no funds are directly allocated to executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Mv Vision Fellowship Fund's IRS 990 filings:
- Consistent deficit spending: Expenses have significantly exceeded revenue in most recent periods (e.g., 2023 expenses $447,806 vs. revenue $59,735).
- Declining revenue trend: Revenue has sharply decreased from a high of $3,311,450 in 2019 to much lower figures in recent years.
- Significant asset draw-down: Total assets have decreased from $9,368,109 in 2014 to $6,553,217 in 2023, indicating reliance on reserves to cover operational deficits.
Strengths
The following positive indicators were identified for Mv Vision Fellowship Fund:
- Zero officer compensation: Consistently reporting 0% officer compensation is a strong indicator of efficient use of funds at the leadership level.
- Low liabilities: The organization maintains very low liabilities across all reported periods, suggesting good debt management.
- Substantial asset base: Despite recent declines, the organization still holds over $6.5 million in assets, providing a buffer for operations.
Frequently Asked Questions about Mv Vision Fellowship Fund
Is Mv Vision Fellowship Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Mv Vision Fellowship Fund (EIN: 134200820) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Mv Vision Fellowship Fund spend its money?
Mv Vision Fellowship Fund directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mv Vision Fellowship Fund tax-deductible?
Mv Vision Fellowship Fund is registered as a tax-exempt nonprofit (EIN: 134200820). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mv Vision Fellowship Fund's spending goes to programs?
Mv Vision Fellowship Fund directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mv Vision Fellowship Fund compare to similar nonprofits?
With a transparency score of 70/100 (Good), Mv Vision Fellowship Fund is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mv Vision Fellowship Fund located?
Mv Vision Fellowship Fund is headquartered in Vineyard Haven, Massachusetts and files with the IRS under EIN 134200820. It is classified under NTEE code B82.
How many years of IRS 990 filings does Mv Vision Fellowship Fund have?
Mv Vision Fellowship Fund has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.9M in total revenue.
Why has revenue significantly decreased in recent years?
The organization's revenue has dropped from $3,311,450 in 2019 to $59,735 in 2023, and $196,206 in 2022. This sharp decline warrants investigation into changes in funding strategies, donor base, or economic factors affecting contributions.
How is the organization sustaining operations with expenses consistently exceeding revenue?
With expenses like $447,806 in 2023 against $59,735 in revenue, the organization is operating at a significant deficit. This suggests reliance on accumulated assets, which have decreased from $9,368,109 in 2014 to $6,553,217 in 2023, indicating an unsustainable spending pattern if not reversed.
What are the specific program activities and their impact?
While the NTEE code B82 indicates a focus on 'Scholarships, Student Financial Aid,' the provided data does not detail the specific programs or their outcomes. Understanding the impact of the spending is crucial given the financial trends.
Filing History
IRS 990 filing history for Mv Vision Fellowship Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mv Vision Fellowship Fund's revenue has declined by 88.6%, moving from $522K to $60K. Total assets decreased by 37.4% over the same period, from $10.5M to $6.6M. Total functional expenses fell by 55.1%, from $998K to $448K. In its most recent filing year (2023), Mv Vision Fellowship Fund reported a deficit of $388K, with expenses exceeding revenue. The organization holds $24K in liabilities against $6.6M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $6.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $60K | $448K | $6.6M | $24K | — | — |
| 2022 | $196K | $761K | $6.5M | $19K | — | View 990 |
| 2021 | $1.0M | $1.3M | $8.2M | $18K | — | View 990 |
| 2020 | $455K | $901K | $8.6M | $17K | — | View 990 |
| 2019 | $3.3M | $1.1M | $8.8M | $13K | — | View 990 |
| 2018 | $912K | $910K | $5.9M | $0 | — | View 990 |
| 2017 | $857K | $1.4M | $6.7M | $0 | — | View 990 |
| 2016 | $624K | $1.3M | $7.1M | $0 | — | View 990 |
| 2015 | $295K | $1.2M | $7.7M | $5K | — | View 990 |
| 2014 | $836K | $1.1M | $9.4M | $67 | — | View 990 |
| 2013 | $430K | $1.6M | $9.5M | $641 | — | View 990 |
| 2012 | $420K | $852K | $9.9M | $0 | — | View 990 |
| 2011 | $522K | $998K | $10.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $60K, expenses of $448K, and assets of $6.6M (revenue -69.6% year-over-year).
- 2022: Revenue of $196K, expenses of $761K, and assets of $6.5M (revenue -80.5% year-over-year).
- 2021: Revenue of $1.0M, expenses of $1.3M, and assets of $8.2M (revenue +121.6% year-over-year).
- 2020: Revenue of $455K, expenses of $901K, and assets of $8.6M (revenue -86.3% year-over-year).
- 2019: Revenue of $3.3M, expenses of $1.1M, and assets of $8.8M (revenue +263.2% year-over-year).
- 2018: Revenue of $912K, expenses of $910K, and assets of $5.9M (revenue +6.4% year-over-year).
- 2017: Revenue of $857K, expenses of $1.4M, and assets of $6.7M (revenue +37.4% year-over-year).
- 2016: Revenue of $624K, expenses of $1.3M, and assets of $7.1M (revenue +111.4% year-over-year).
- 2015: Revenue of $295K, expenses of $1.2M, and assets of $7.7M (revenue -64.7% year-over-year).
- 2014: Revenue of $836K, expenses of $1.1M, and assets of $9.4M (revenue +94.4% year-over-year).
- 2013: Revenue of $430K, expenses of $1.6M, and assets of $9.5M (revenue +2.5% year-over-year).
- 2012: Revenue of $420K, expenses of $852K, and assets of $9.9M (revenue -19.6% year-over-year).
- 2011: Revenue of $522K, expenses of $998K, and assets of $10.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mv Vision Fellowship Fund:
Data Sources and Methodology
This transparency report for Mv Vision Fellowship Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.