Seven Ponds Endowment Fund
- Assets
- $2.7m
- Revenue
- $56.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Dryden, MI
- Founding
- 06/2014
- Data as of
- 12/2020
- EIN
- 38-6149820
Organization Overview
Seven Ponds Endowment Fund is located in Dryden, MI. The organization was established in 2014. According to its NTEE Classification (C11) the organization is classified as: Single Organization Support, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seven Ponds Endowment Fund 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 12/2020, Seven Ponds Endowment Fund generated $56.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $130.4k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THIS TRUST IS AN INVESTMENT FACILITY FOR SEVEN PONDS NATURE CENTER, INC. (EIN 38-2929924). THIS TRUST IS DIRECTLY RELATED TO THAT ENTITY WHICH PROVIDES AN APPRECIATION OF THE NATURAL WORLD AND THE DEVELOPMENT OF AN ENVIRONMENTAL ETHIC IN THE COMMUNITIES OF SOUTHEAST MICHIGAN THROUGH EDUCATION, SERVICE AS A COMMUNITY RESOURCE AND RESPONSIBLE STEWARDSHIP OF SEVEN PONDS AND ADJACENT LANDS. THIS TRUST WAS ESTABLISHED TO PROVIDE A MANAGED INVESTMENT OPTION FOR DONATIONS AND OTHER FUNDS RECEIVED BY THE SEVEN PONDS NATURE CENTER OPERATING ENTITY. IN CONJUNCTION WITH THE SEVEN PONDS RESERVE FUND (AN ADDITIONAL RELATED ENTITY) THIS TRUST PROVIDES STEWARDSHIP OF THE OPERATING ENTITY'S ANNUAL RESULTS AND NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS TRUST IS AN INVESTMENT FACILITY FOR SEVEN PONDS NATURE CENTER, INC. (EIN 38-2929924). THIS TRUST IS DIRECTLY RELATED TO THAT ENTITY WHICH PROVIDES AN APPRECIATION OF THE NATURAL WORLD AND THE DEVELOPMENT OF AN ENVIRONMENTAL ETHIC IN THE COMMUNITIES OF SOUTHEAST MICHIGAN THROUGH EDUCATION, SERVICE AS A COMMUNITY RESOURCE AND RESPONSIBLE STEWARDSHIP OF SEVEN PONDS AND ADJACENT LANDS. THIS TRUST WAS ESTABLISHED TO PROVIDE A MANAGED INVESTMENT OPTION FOR DONATIONS AND OTHER FUNDS RECEIVED BY THE SEVEN PONDS NATURE CENTER OPERATING ENTITY. IN CONJUNCTION WITH THE SEVEN PONDS RESERVE FUND (AN ADDITIONAL RELATED ENTITY) THIS TRUST PROVIDES STEWARDSHIP OF THE OPERATING ENTITY'S ANNUAL RESULTS AND NEEDS.
THIS TRUST IS AN INVESTMENT FACILITY FOR SEVEN PONDS NATURE CENTER, INC. (EIN 38-2929924). THIS TRUST IS DIRECTLY RELATED TO THAT ENTITY WHICH PROVIDES AN APPRECIATION OF THE NATURAL WORLD AND THE DEVELOPMENT OF AN ENVIRONMENTAL ETHIC IN THE COMMUNITIES OF SOUTHEAST MICHIGAN THROUGH EDUCATION, SERVICE AS A COMMUNITY RESOURCE AND RESPONSIBLE STEWARDSHIP OF SEVEN PONDS AND ADJACENT LANDS. THIS TRUST WAS ESTABLISHED TO PROVIDE A MANAGED INVESTMENT OPTION FOR DONATIONS AND OTHER FUNDS RECEIVED BY THE SEVEN PONDS NATURE CENTER OPERATING ENTITY. IN CONJUNCTION WITH THE SEVEN PONDS RESERVE FUND (AN ADDITIONAL RELATED ENTITY) THIS TRUST PROVIDES STEWARDSHIP OF THE OPERATING ENTITY'S ANNUAL RESULTS AND NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Buck President | OfficerTrustee | 1 | $0 |
Joanna Pease Vice Preside | OfficerTrustee | 1 | $0 |
Greg Gossick Treasurer | OfficerTrustee | 1 | $0 |
Paul Messing Secretary | OfficerTrustee | 1 | $0 |
Daryl Bernard Exec Directo | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $69,041 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,303 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,738 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,162 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $120,229 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $130,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,638 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,666,774 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,712,412 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,210,136 |
| Net assets with donor restrictions | $1,502,276 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,712,412 |
Endowment Analysis
| Beg. Balance | $2,633,398 |
| Earnings | $209,404 |
| Admin Expense | $10,162 |
| Other Expense | $120,229 |
| Ending Balance | $2,712,411 |
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