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Nonprofiteer
← SEVEN PONDS ENDOWMENT FUND

Form 990 for tax year 2023

Filed by SEVEN PONDS ENDOWMENT FUND.

Totals

Total revenue
$94,998
Total expenses
$154,358
Contributions and grants received
$10,000
Grants paid
$0
Program service revenue
$0
Investment income
$84,998
Other revenue
$0
Total assets, end of year
$2,535,933
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,535,933
Program services expenses (Part IX)
$154,358
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$154,358

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $10,000

  • 3 · Investment income

    total $61,291 · excluded $61,291

  • 7a · Gross sales of assets other than inventory

    securities $83,035

  • 7b · Less cost or other basis and sales expenses

    securities $59,328

  • 7c · Gain or loss

    securities $23,707

  • 7d · Net gain or loss

    total $23,707 · related or exempt $23,707

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $20,469 · program services $20,469

  • 21 · Payments to affiliates

    total $133,889 · program services $133,889

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $55,636 · end of year $36,038

  • 11 · Investments: publicly traded securities

    beginning of year $2,344,489 · end of year $2,499,895

  • 27 · Net assets without donor restrictions

    beginning of year $2,400,125 · end of year $2,535,933

Mission and programs · 2023

Mission

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.

    Expenses $154,358

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daryl Bernard

    EXECUTIVE DI

    Total calculated
    $46,767
    From this org
    $0
    From related orgs
    $46,767
    Other
    $0
    Hours/week
    1 + 51 related

  • Kelly Heyner

    VICE-CHAIRMA

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Paul Messing

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Joanna Pease

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Charlie Turner

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202423249349301362

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