Civic Intelligence

Bay Village Endowment Fund

990 • Fiscal year 2022 • EIN 59-1958932

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 09, 2023

Organization ProfileN/A
8400 Vamo RoadSarasota, FL 34231

(941) 966-5611

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

8th percentile

0.00x

Higher debt load relative to assets than 8% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

54th percentile

0.26x

Higher debt load relative to revenue than 54% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

1st percentile

-12645%

Higher net margin than 1% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

83rd percentile

$343,169

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 622.1% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

1st percentile

-47%

Faster asset growth than 1% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

1st percentile

-98%

Faster revenue growth than 1% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets8th percentile

Assets

Down

$10,561,221

Down $9,349,278 (-47%) from 2021

Net Assets

Down

$10,547,042

Down $9,347,486 (-47%) from 2021

Liabilities

Down

$14,179

Down $1,792 (-11%) from 2021

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin1st percentile

Revenue

Down

$55,165

Down $2,204,801 (-98%) from 2021

Expenses

Up

$7,030,819

Up $6,996,614 (+20455%) from 2021

Net Income

Down

-$6,975,654

Down $9,201,415 (-413%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $5,751,962Liabilities 2010: $0Net Assets 2010: $5,751,9622010Assets 2011: $9,709,624Liabilities 2011: $0Net Assets 2011: $9,709,6242011Assets 2012: $9,898,066Liabilities 2012: $0Net Assets 2012: $9,898,0662012Assets 2013: $9,647,270Liabilities 2013: $0Net Assets 2013: $9,647,2702013Assets 2014: $10,380,275Liabilities 2014: $16,810Net Assets 2014: $10,363,4652014Assets 2015: $11,140,236Liabilities 2015: $11,045Net Assets 2015: $11,129,1912015Assets 2016: $11,948,667Liabilities 2016: $25,759Net Assets 2016: $11,922,9082016Assets 2017: $13,634,954Liabilities 2017: $12,216Net Assets 2017: $13,622,7382017Assets 2018: $12,972,762Liabilities 2018: $17,310Net Assets 2018: $12,955,4522018Assets 2019: $15,531,054Liabilities 2019: $10,936Net Assets 2019: $15,520,1182019Assets 2020: $18,193,361Liabilities 2020: $20,290Net Assets 2020: $18,173,0712020Assets 2021: $19,910,499Liabilities 2021: $15,971Net Assets 2021: $19,894,5282021Assets 2022: $10,561,221Liabilities 2022: $14,179Net Assets 2022: $10,547,0422022Assets 2023: $12,283,274Liabilities 2023: $13,293Net Assets 2023: $12,269,9812023Assets 2024: $13,636,191Liabilities 2024: $53,187Net Assets 2024: $13,583,0042024

Highlighted filing

2022

Assets$10,561,221
Liabilities$14,179
Net Assets$10,547,042
Open 2022 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0M-$10MExpenses 2010: $147,8102010Expenses 2011: $206,5962011Expenses 2012: $192,5182012Revenue 2013: $368,364Expenses 2013: $132,437Net Income 2013: $235,9272013Revenue 2014: $178,659Expenses 2014: $221,883Net Income 2014: -$43,2242014Revenue 2015: $1,231,639Expenses 2015: $216,607Net Income 2015: $1,015,0322015Revenue 2016: $585,892Expenses 2016: $263,764Net Income 2016: $322,1282016Revenue 2017: $610,457Expenses 2017: $264,011Net Income 2017: $346,4462017Revenue 2018: $417,296Expenses 2018: $31,732Net Income 2018: $385,5642018Revenue 2019: $866,881Expenses 2019: $28,157Net Income 2019: $838,7242019Revenue 2020: $1,307,289Expenses 2020: $29,809Net Income 2020: $1,277,4802020Revenue 2021: $2,259,966Expenses 2021: $34,205Net Income 2021: $2,225,7612021Revenue 2022: $55,165Expenses 2022: $7,030,819Net Income 2022: -$6,975,6542022Revenue 2023: $416,990Expenses 2023: $32,179Net Income 2023: $384,8112023Revenue 2024: $835,915Expenses 2024: $112,115Net Income 2024: $723,8002024

Highlighted filing

2022

Revenue$55,165
Expenses$7,030,819
Net Income-$6,975,654
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 9, 2023
Return Version
2022v5.0
Gross Receipts
$7,415,013
Mission and Program Overview

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 and nursing facility to provide all aging related services and senior services as may now exist or develop in the future, to include memory care services. 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 Village's commitment to the lifecare concept.

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 and nursing facility to provide all aging related services and senior services as may now exist or develop in the future, to include memory care services. 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$19,902,800$10,553,631▼ $9,349,169
Prepaid Expenses and Deferred Charges$7,699$7,590▼ $109
Total Assets$19,910,499$10,561,221▼ $9,349,278
Liabilities
Other Liabilities$7,699$7,590▼ $109
Accounts Payable and Accrued Expenses$8,272$6,589▼ $1,683
Total Liabilities$15,971$14,179▼ $1,792
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$19,894,528$10,547,042▼ $9,347,486
Total Net Assets Fund Balance$19,894,528$10,547,042▼ $9,347,486
Total Liabilities and Net Assets / Fund Balance$19,910,499$10,561,221▼ $9,349,278
Compensation and Service Providers
Top Officer Pay83rd percentile

Board Members and Trustees

NameTitle
Kevin HaganChairman
Eric NicholsPresident & CEO
Gerry HaileyTrustee
Linda GetzenTrustee
Robert SherwoodTrustee
Roger DirksenTrustee
Tom TaylorTrustee
Christina WizbaCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$96,978
Program Service Revenue
$0
Investment Income
$-41,813
Other Revenue
$0
All Other Contributions
$96,978
Change in Net Assets
$-6,975,654

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Clothing and Household Goods$56,500Thrift Shop Value
Total Noncash Contributions$56,500-

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,496
Revenue Not Reported on Financial Statements
$28,669
Revenue Not Reported on Form 990
$19,969,164
Total Revenue per Audited Statements
$19,995,660
Total Revenue per Form 990
$55,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$7,000,000
Other Expenses$30,819
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$7,000,000--$7,000,000
Fees for Service Investment Mgmnt Fees-$28,669-$28,669
Fees for Services Accounting-$2,150-$2,150
Total Functional Expenses$7,000,000$30,819$0$7,030,819

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$23,165,416
Expenses Not Reported on Form 990$23,163,266
Total Expenses per Form 990$7,030,819
Expenses Not Reported on Financial Statements$7,028,669
Other Expense Adjustments$7,000,000
Expenses per Audited Statements$2,150
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bay Village of Sarasota IncSarasota, FL501(c)(3)General Support$7,000,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Bay Village of Sarasota, Inc.$7,590
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

“Eric nichols is a "trustee/director" of this endowment fund, but also ceo of bay village of sarasota, inc. (the related entity) all wages are paid by the related entity. No wages are paid by this organization.”

Form 990, Part VI, Section A, Line 6

“The board of trustees of the endowment fund shall consist of at least three voting members, of which two or more are members of the board of directors of bay village of sarasota, inc. ("bvi"). The board of directors of bvi selects the members of the board of trustees annually.”

Form 990, Part VI, Section A, Line 7A

“The board of trustees of the endowment fund shall consist of at least three voting members, of which two or more are members of the board of directors of bay village of sarasota, inc. ("bvi"). The board of directors of bvi selects the members of the board of trustees annually.”

Form 990, Part VI, Section B, Line 11B

“Board members are notified that a draft form 990 is available for their review and offered paper or pdf copies upon request. Questions and comments are invited in advance of filing the return.”

Form 990, Part VI, Section B, Line 12C

“Bay village endowment fund adopted the conflict of interest, whistleblower, and written document retention policies of bay village of sarasota, inc. With whom they share the same board members.the organization regularly and consistently monitors and enforces compliance with these policies through the oversight of the board members.”

Form 990, Part VI, Section C, Line 19

“No other documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Bay Village Endowment Fund
EIN
59-1958932
Phone
9419665611
Address
8400 VAMO ROAD, SARASOTA, FL 34231

Signing Officer

Name
Eric Nichols
Title
President & CEO
Phone
9419665611
Signed
2023-06-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Nichols
Formed
1980
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
6
Employees
0
Volunteers
10

Preparer

Firm
Kerkering Barberio & Co
Address
PO BOX 49348, SARASOTA, FL 34230-6348
Preparer
Rebecca U Stoner
Phone
9413654617
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 6, Volunteers

“Bay village resident volunteers participate in many capacities - as resident council members, as floor representatives to welcome new residents, operating the library, marketplace, and resale shop, or assisting in bingo and other resident enrichment programs. Volunteers also serve on many resident committees, such as entertainment, spiritual care, building & grounds, and dining.”

Form 990, Part XII, Line 2C, Audit Review Process

“There were no current year changes to the audit oversight process”

Financial Statement Notes

PART X, LINE 2:

“Bay village and the endowment trust have been recognized by the internal revenue service as tax-exempt organizations described in section 501(c)(3) of the internal revenue code. The endowment fund is classified as a supporting organization under section 509(a)(3). Income earned in furtherance of bay village and the endowment trust's tax-exempt purpose is exempt from federal and state income taxes. Therefore, no provision for income taxes has been recorded. Under the income taxes topic of the fasb accounting standards codification, the organization has reviewed and evaluated the relevant technical merits of each of its tax positions in accordance with accounting principles generally accepted in the united states of america for accounting for uncertainty in income taxes, and determined that there are no uncertain tax positions that would have a material impact on the combined financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Amounts reported on bay village of sarasota, inc. Ein 59-1453706 22,340,996.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Amounts reported on bay village of sarasota, inc. Ein 59-1453706 23,163,266.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Intercompany eliminations 7,000,000.”

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IRS990/ActivityOrMissionDesc0THE 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 AND NURSING FACILITY TO PROVIDE ALL AGING RELATED SERVICES AND SENIOR SERVICES AS MAY NOW EXIST OR DEVELOP IN THE FUTURE, TO INCLUDE MEMORY CARE SERVICES. 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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IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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 AND NURSING FACILITY TO PROVIDE ALL AGING RELATED SERVICES AND SENIOR SERVICES AS MAY NOW EXIST OR DEVELOP IN THE FUTURE, TO INCLUDE MEMORY CARECSERVICES. 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt019894528
IRS990/NetAssetsOrFundBalancesEOYAmt010547042
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-359848
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-359848
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-2371832
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt019894528
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt010547042
IRS990/NoncashContributionsAmt056500
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt07699
IRS990/OtherLiabilitiesGrp/EOYAmt07590
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07699
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07590
IRS990/PrincipalOfficerNm0ERIC NICHOLS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt054334
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02205632
IRS990/PYOtherExpensesAmt034205
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02225761
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt034205
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02259966
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-6975654
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0591453706
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt07000000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0BAY VILLAGE OF SARASOTA INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt07000000
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt023163266
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt07028669
IRS990ScheduleD/ExpensesSubtotalAmt02150
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt028669
IRS990ScheduleD/InvestmentExpensesNotIncldAmt028669
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-2371832
IRS990ScheduleD/OtherExpensesIncludedAmt023163266
IRS990ScheduleD/OtherExpensesNotIncludedAmt07000000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07590
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO BAY VILLAGE OF SARASOTA, INC.
IRS990ScheduleD/OtherRevenueAmt022340996
IRS990ScheduleD/RevenueNotReportedAmt019969164
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt028669
IRS990ScheduleD/RevenueSubtotalAmt026496
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BAY VILLAGE AND THE ENDOWMENT TRUST HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS TAX-EXEMPT ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ENDOWMENT FUND IS CLASSIFIED AS A SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3). INCOME EARNED IN FURTHERANCE OF BAY VILLAGE AND THE ENDOWMENT TRUST'S TAX-EXEMPT PURPOSE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. UNDER THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION, THE ORGANIZATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE COMBINED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1AMOUNTS REPORTED ON BAY VILLAGE OF SARASOTA, INC. EIN 59-1453706 22,340,996.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2AMOUNTS REPORTED ON BAY VILLAGE OF SARASOTA, INC. EIN 59-1453706 23,163,266.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3INTERCOMPANY ELIMINATIONS 7,000,000.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt07030819
IRS990ScheduleD/TotalLiabilityAmt07590
IRS990ScheduleD/TotalRevenuePerForm990Amt055165
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt019995660
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt023165416
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt07000000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BAY VILLAGE OF SARASOTA INC
IRS990ScheduleI/RecipientTable/RecipientEIN0591453706
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt08400 VAMO RD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SARASOTA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd034231
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0321524
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1250231
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt011933
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt110007
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt08094
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt18094
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt01618
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt118141
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ERIC NICHOLS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1CHRISTINA WIZBA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0343169
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1286473
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/MethodOfDeterminingRevenuesTxt0THRIFT SHOP VALUE
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NoncashContributionsRptF990Amt056500
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BAY VILLAGE RESIDENT VOLUNTEERS PARTICIPATE IN MANY CAPACITIES - AS RESIDENT COUNCIL MEMBERS, AS FLOOR REPRESENTATIVES TO WELCOME NEW RESIDENTS, OPERATING THE LIBRARY, MARKETPLACE, AND RESALE SHOP, OR ASSISTING IN BINGO AND OTHER RESIDENT ENRICHMENT PROGRAMS. VOLUNTEERS ALSO SERVE ON MANY RESIDENT COMMITTEES, SUCH AS ENTERTAINMENT, SPIRITUAL CARE, BUILDING & GROUNDS, AND DINING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ERIC NICHOLS IS A "TRUSTEE/DIRECTOR" OF THIS ENDOWMENT FUND, BUT ALSO CEO OF BAY VILLAGE OF SARASOTA, INC. (THE RELATED ENTITY) ALL WAGES ARE PAID BY THE RELATED ENTITY. NO WAGES ARE PAID BY THIS ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF TRUSTEES OF THE ENDOWMENT FUND SHALL CONSIST OF AT LEAST THREE VOTING MEMBERS, OF WHICH TWO OR MORE ARE MEMBERS OF THE BOARD OF DIRECTORS OF BAY VILLAGE OF SARASOTA, INC. ("BVI"). THE BOARD OF DIRECTORS OF BVI SELECTS THE MEMBERS OF THE BOARD OF TRUSTEES ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF TRUSTEES OF THE ENDOWMENT FUND SHALL CONSIST OF AT LEAST THREE VOTING MEMBERS, OF WHICH TWO OR MORE ARE MEMBERS OF THE BOARD OF DIRECTORS OF BAY VILLAGE OF SARASOTA, INC. ("BVI"). THE BOARD OF DIRECTORS OF BVI SELECTS THE MEMBERS OF THE BOARD OF TRUSTEES ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS ARE NOTIFIED THAT A DRAFT FORM 990 IS AVAILABLE FOR THEIR REVIEW AND OFFERED PAPER OR PDF COPIES UPON REQUEST. QUESTIONS AND COMMENTS ARE INVITED IN ADVANCE OF FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BAY VILLAGE ENDOWMENT FUND ADOPTED THE CONFLICT OF INTEREST, WHISTLEBLOWER, AND WRITTEN DOCUMENT RETENTION POLICIES OF BAY VILLAGE OF SARASOTA, INC. WITH WHOM THEY SHARE THE SAME BOARD MEMBERS.THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THESE POLICIES THROUGH THE OVERSIGHT OF THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THERE WERE NO CURRENT YEAR CHANGES TO THE AUDIT OVERSIGHT PROCESS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 6, VOLUNTEERS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C, AUDIT REVIEW PROCESS
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BAY VILLAGE OF SARASOTA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0591453706
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CONTINUING CARE RETIREMENT COMMUNITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt08400 VAMO RD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SARASOTA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd034231
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,561,221
Liabilities
$14,179
Net assets
$10,547,042
Revenue
$55,165
Expenses
$7,030,819
Net income
-$6,975,654
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.6$0.05$13.6$0.84$0.11$0.72
2023Detailed filing. Detailed filing data is available for this year.$12.3$0.01$12.3$0.42$0.03$0.38
2022Detailed filing. Detailed filing data is available for this year.$10.6$0.01$10.5$0.06$7.03$6.98
2021Detailed filing. Detailed filing data is available for this year.$19.9$0.02$19.9$2.26$0.03$2.23
2020Detailed filing. Detailed filing data is available for this year.$18.2$0.02$18.2$1.31$0.03$1.28
2019Detailed filing. Detailed filing data is available for this year.$15.5$0.01$15.5$0.87$0.03$0.84
2018Detailed filing. Detailed filing data is available for this year.$13.0$0.02$13.0$0.42$0.03$0.39
2017Detailed filing. Detailed filing data is available for this year.$13.6$0.01$13.6$0.61$0.26$0.35
2016Detailed filing. Detailed filing data is available for this year.$11.9$0.03$11.9$0.59$0.26$0.32
2015Detailed filing. Detailed filing data is available for this year.$11.1$0.01$11.1$1.23$0.22$1.02
2014Detailed filing. Detailed filing data is available for this year.$10.4$0.02$10.4$0.18$0.22$0.04
2013Detailed filing. Detailed filing data is available for this year.$9.65$0.00$9.65$0.37$0.13$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.90$0.00$9.90$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.71$0.00$9.71$0.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.75$0.00$5.75$0.15
Peer Organizations

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