BAY VILLAGE ENDOWMENT FUND Charity Report

Public IRS 990 nonprofit record

BAY VILLAGE ENDOWMENT FUND

EIN 59-1958932 · Housing & Shelter (L22I)

What they do

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 VILLAGES 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 VILLAGES COMMITMENT to THE LIFECARE CONCEPT.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $35.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders9 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

4.76%of revenue went to mission work35.5% of expenses · Program services

4.70%of revenue went to fundraising35.0% of expenses

$13.41spent for every $100 of revenueRevenue covered expenses this year.

3.95%of revenue went to management and office costs29.5% of expenses

$121.63in assets for every $1 spent this yearSome assets cannot be spent right away.

11.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $21,906 for ERIC NICHOLS (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$835,915

Mission workProgram services$39,8004.76% of revenue35.5% of expenses

ManagementOffice and general costs$33,0273.95% of revenue29.5% of expenses

FundraisingAsking for donations$39,2884.70% of revenue35.0% of expenses

Revenue left after expensesReported annual surplus$723,80086.59% of revenueShown in gray on the chart

Total expenses$112,11513.41% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 35.5% mission · 29.5% management · 35.0% fundraisingTotal expenses: 13.41% of revenue

2023Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 7.72% of revenue

2022Expense mix: 99.6% mission · 0.4% management · 0.0% fundraisingTotal expenses: 12,745.07% of revenue

2021Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 1.51% of revenue

2020Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 2.28% of revenue

2019Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 3.25% of revenue

2018Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 7.60% of revenue

2017Expense mix: 90.1% mission · 9.9% management · 0.0% fundraisingTotal expenses: 43.25% of revenue

Money in and money out

Revenue$835,915

Expenses$112,115

Annual surplus $723,800 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$39,800 · 35.5% of expenses

Management and office costs$33,027 · 29.5% of expenses

Fundraising$39,288 · 35.0% of expenses

See all reported dollar amounts

Revenue$835,915

Expenses$112,115

Assets$13,636,191

Income$1,087,640

Contributions$94,371

Mission work (program services)$39,800

Fundraising$39,288

Grants given$7,036,000

Average grant$3,518,000

Management and general$33,027

Stocks and bonds$13,624,419

Accounting fees$3,800

Investing fees$33,027

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ERIC NICHOLSPRESIDENT & CEO · 5 hrs/week $21,906Base · Other $21,906

CHRISTINA WIZBACFO · 5 hrs/week $20,268Base · Other $20,268

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (9)

ERIC NICHOLSPRESIDENT & CEO

CHRISTINA WIZBACFO

GERRY HAILEYTRUSTEE

KATHLEEN JUNKINSTRUSTEE

KEVIN HICKSCHAIRMAN

LINDA GETZENTRUSTEE

ROBERT SHERWOODTRUSTEE

ROGER DIRKSENTRUSTEE

TOM TAYLORTRUSTEE

About this charity

Recognized since: January 1991
Location: 8400 VAMO ROAD, SARASOTA, FL 34231
County: Sarasota
In care of: ERIC NICHOLS
Primary officer: ERIC NICHOLS, PRESIDENT & CEO

How to reach them

Phone(941) 966-5611

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: KERKERING BARBERIO & CO
NTEE classification: Housing & Shelter (L22I)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes