BAY VILLAGE ENDOWMENT FUND

EIN: 591958932 501(c)(3) Housing & Shelter

SARASOTA, FL

Total Revenue
$835,915
Total Expenses
$112,115
Total Assets
$13,636,191
Net Assets
$13,583,004
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
FL
Principal Officer
ERIC NICHOLS
Phone
9419665611
Tax Period
2024-01-01 to 2024-12-31

BAY VILLAGE ENDOWMENT FUND, founded in 1980, is a small nonprofit in the Housing & Shelter sector that reported $836K in total revenue in fiscal year 2024. Revenue surged 100% from the prior year, signaling strong growth momentum. The organization ran a surplus of $724K, a strong 87% operating margin.

Mission

THE ENDOWMENT FUND IS A SUPPORTING ORGANIZATION TO BAY VILLAGE OF SARASOTA, INC. (BAY VILLAGE), A NON-PROFIT, LIFECARE COMMUNITY WHICH CURRENTLY EXISTS AS AN INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND NURSING FACILITY TO PROVIDE ALL AGING RELATED SERVICES AND SENIOR SERVICES AS MAY NOW EXIST OR DEVELOP IN THE FUTURE. TO ACCOMPLISH THIS PURPOSE, THE ENDOWMENT FUND PROVIDES FUNDS, WHEN NECESSARY: TO ASSIST FINANCIALLY NEEDY BAY VILLAGE RESIDENTS WHO HAVE BECOME UNABLE TO PAY THROUGH NO FAULT OF THEIR OWN; TO ASSIST IN THE OPERATION, MAINTENANCE, GROWTH AND IMPROVEMENT OF ANY AND ALL OF THE OPERATIONS OF BAY VILLAGE NOW AND IN THE FUTURE; AND ANY ADDITIONAL PURPOSE TO HELP FULFILL BAY VILLAGE'S NON-PROFIT MISSION, MEETING THE REQUIREMENTS OF SECTIONS 501(C)(3) AND 509 (A)(2) OF THE INTERNAL REVENUE SERVICE CODE OF 1986, AS AMENDED.THIS FUND WAS STARTED IN 1980 TO ADDRESS BAY VILLAGE'S COMMITMENT TO THE LIFECARE CONCEPT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $94,371
Program Service Revenue $0
Investment Income $741,544
Other Revenue $0
TOTAL REVENUE $835,915

Expense Breakdown

Grants Paid $36,000
Salaries & Benefits $0
Fundraising Expenses $39,288
Program Expenses $39,800
Other Expenses $43,115
TOTAL EXPENSES $112,115

Year-over-Year Comparison

2024 2023 Change
Revenue $835,915 $416,990 +1.0%
Expenses $112,115 $32,179 +2.5%
Net Income $723,800 $384,811 +0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$741,173
Total Directors
8
$431,242
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROGER DIRKSEN TRUSTEE 1.00
Director
$0 $0 $0
LINDA GETZEN TRUSTEE 1.00
Director
$0 $0 $0
GERRY HAILEY TRUSTEE 1.00
Director
$0 $0 $0
KATHLEEN JUNKINS TRUSTEE 1.00
Director
$0 $0 $0
ROBERT SHERWOOD TRUSTEE 1.00
Director
$0 $0 $0
TOM TAYLOR TRUSTEE 1.00
Director
$0 $0 $0
KEVIN HICKS CHAIRMAN 1.00
Director
$0 $0 $0
ERIC NICHOLS PRESIDENT & CEO 5.00
Officer Director
$0 $21,906 $431,242
CHRISTINA WIZBA CFO 5.00
Officer
$0 $20,268 $309,931
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $835,915 $112,115 $13,636,191 $723,800
2023 $416,990 $32,179 $12,283,274 $384,811
2022 $55,165 $7,030,819 $10,561,221 $-6,975,654
2021 $2,259,966 $34,205 $19,910,499 $2,225,761
2020 $1,307,289 $29,809 $18,193,361 $1,277,480
2019 $866,881 $28,157 $15,531,054 $838,724
2018 $417,296 $31,732 $12,972,762 $385,564
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