Pond Family Foundation
- Assets
- $2.1m
- Revenue
- $940.7k
- Investments
- $1.7m
- Employees
- 0
- Location
- Cape Elizabeth, ME
- Founding
- 08/2004
- Data as of
- 12/2023
- EIN
- 20-1131673
Organization Overview
Pond Family Foundation is located in Cape Elizabeth, ME. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pond Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Pond Family Foundation generated $940.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 47.4% each year . All expenses for the organization totaled $740.4k during the year ending 12/2023. While expenses have increased by 11.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Pond Family Foundation has awarded 173 individual grants totaling $1,533,770. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann E Pond President And Director | 14 | $70,000 | |
Kyle Pond Director | 0.2 | $0 | |
Joel Pond Director | 0.2 | $0 | |
Erin Pond Friedland Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $85,169 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $855,519 |
| Capital Gain Net Income | $855,519 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $940,688 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $70,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,239 |
| Printing and publications | $0 |
| Other expenses | $4,283 |
| Total operating and administrative expenses | $179,022 |
| Contributions, gifts, grants paid | $561,336 |
| Total expenses and disbursements | $740,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,755 |
| Savings and temporary cash investments | $383,026 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,107,933 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Pond Family Foundation has awarded $561,336 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
MASS GENERAL HOSPITAL PURPOSE: JAMES J DINEENMD MAINE-MGH HEALTH EDUCATION FUND | $500 |
USM FOUNDATION PURPOSE: PORTLAND CAMPUS TRANSFORMATION FUND | $50,000 |
MAINE BEHAVIORAL HEALTHCARE PURPOSE: EVENING OF POSSIBILITY 2023 | $10,000 |
STATE STREET CHURCH PURPOSE: CLOTHES CLOSET | $1,000 |
SIX RIVERS YOUTH SPORTS PURPOSE: ICE ARENA AND SPORTS FACILITY | $2,500 |
USM FOUNDATION PURPOSE: SCHOOL OF SOCIAL WORK | $5,000 |