Overview
What is Seven Ponds Endowment Fund?
The Seven Ponds Endowment Fund serves as an investment facility for Seven Ponds Nature Center, Inc., a nonprofit organization based in Dryden, Michigan. The center's primary focus is on fostering an appreciation for the natural world and cultivating an environmental ethic within the communities of Southeast Michigan. This is achieved through education, service as a community resource, and responsible stewardship of Seven Ponds and adjacent lands. Established to provide a managed investment option for donations and other funds received by the center, the Endowment Fund, in conjunction with the Seven Ponds Reserve Fund, ensures the long-term sustainability of the center's annual results and needs.
Official website here: www.sevenponds.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Three-Star out of Four Stars (83%)
The Seven Ponds Endowment Fund has received a solid Three-Star rating from Charity Navigator, reflecting a score of 83%. This rating is based solely on accountability and finance metrics, indicating a strong focus on responsible financial management. The organization excels in areas such as having a fully independent board and ensuring no material diversion of assets, which contributes to its positive financial standing.
Strengths of the organization include a high program expense ratio of 92.71%, showing that a significant portion of its funds is dedicated to its programs rather than administrative costs. This is indicative of a commitment to its mission and effective use of resources. Additionally, the nonprofit has well-defined policies in place regarding conflict of interest and maintains thorough documentation of board meeting minutes.
However, the organization does have some limitations, particularly in lacking a whistleblower policy and a document retention and destruction policy. These omissions could suggest areas where improvements are needed to enhance transparency and governance practices. Despite these gaps, the overall financial prudence and accountability of the Seven Ponds Endowment Fund position it as a reliable choice for donors looking to support its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Seven Ponds Endowment Fund legitimate?
Seven Ponds Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seven Ponds Endowment Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.sevenponds.org
What is the mission statement of Seven Ponds Endowment Fund?
The Seven Ponds Endowment Fund serves as an investment facility for the Seven Ponds Nature Center. Its mission is closely tied to the nature center, aiming to foster an appreciation for the natural world and instill an environmental ethic in communities across Southeast Michigan. This is achieved through education, service as a community resource, and responsible stewardship of Seven Ponds and adjacent lands. The trust was established to offer 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, it ensures the stewardship of the operating entity's annual results and needs.
Official website here: www.sevenponds.org
Who is the CEO of Seven Ponds Endowment Fund?
Daryl Bernard is the Exec Directo of Seven Ponds Endowment Fund.
Official website here: www.sevenponds.org
What is the revenue of Seven Ponds Endowment Fund?
Seven Ponds Endowment Fund's revenue in 2022 was $121,854.
Official website here: www.sevenponds.org
Who are the executives of Seven Ponds Endowment Fund and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $34,615
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sevenponds.org
Where can I find the form 990 for Seven Ponds Endowment Fund?
Seven Ponds Endowment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sevenponds.org
Learn more at the official website: www.sevenponds.org
Mission Statement of Seven Ponds Endowment Fund
The Seven Ponds Endowment Fund serves as an investment facility for the Seven Ponds Nature Center, Inc. This trust is directly linked to the entity that fosters an appreciation for the natural world and cultivates an environmental ethic within the communities of Southeast Michigan. Through education, service, and acting as a community resource, the trust promotes responsible stewardship of Seven Ponds and adjacent lands. Established to offer a managed investment option for donations and other funds received by the Seven Ponds Nature Center operating entity, the trust aims to provide annual results and address its needs, working in conjunction with the Seven Ponds Reserve Fund, another related entity. In essence, the Seven Ponds Endowment Fund serves as a vital tool for maintaining the sustainability and growth of the Seven Ponds Nature Center's mission.
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Impact
June, 2024
The impact of the Seven Ponds Endowment Fund is focused on supporting the Seven Ponds Nature Center in its mission to cultivate an appreciation for the natural world and instill an environmental ethic within the communities of southeast Michigan. By providing a managed investment option for donations and funds received by the nature center, the Endowment Fund plays a crucial role in ensuring the sustainability and growth of the center's operations. Through responsible stewardship of resources and support for educational programs and services, the fund contributes to environmental conservation efforts and serves as a valuable community resource.
This information is meant to be a general summary of Seven Ponds Endowment Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $121,854
- Gross Receipts: $121,854
Assets and Liabilities:
- Total Assets: $2,566,085
- Total Liabilities: $0
- Net Assets: $2,566,085
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Organization Details
Founding Year
2010
Phone
(810) 796-3200Principal Officer
Daryl Bernard
Main Address
3854 CRAWFORD ROAD, DRYDEN, MI, 48428
Website
www.sevenponds.orgNTEE Category
Code: C11 - Environment
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