Nonprofit · EIN 59-1958932
BAY VILLAGE ENDOWMENT FUND
Tax-exempt · SARASOTA, FL 34231
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $723,341 | $256,940 | $466,401 | $15,730,005 | $23,811 | $15,706,194 |
| December 31, 2024 | 990 | $835,915 | $112,115 | $723,800 | $13,636,191 | $53,187 | $13,583,004 |
| December 31, 2023 | 990 | $416,990 | $32,179 | $384,811 | $12,283,274 | $13,293 | $12,269,981 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $217,811
- Program service revenue
- $0
- Investment income
- $505,530
- Net gain from sales of assets
- $71,242
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $147,600
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $54,250
- Accounting fees
- $4,198
- Program services (functional)
- $151,798
- Management and general (functional)
- $36,725
- Fundraising (functional)
- $68,417
Balance sheet and other
- Total assets, start of year
- $13,636,191
- Total assets, end of year
- $15,730,005
- Total liabilities, end of year
- $23,811
- Net assets, end of year
- $15,706,194
- Publicly traded securities
- $15,661,338
- Net assets without donor restrictions
- $15,651,348
- Net assets with donor restrictions
- $54,846
- Gross receipts
- $1,008,958
- Employees
- 0
- Volunteers
- 10
- Year formed
- 1980
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ERIC NICHOLS | PRESIDENT & CEO Trustee or director, Officer | 5 | $0 | $394,285 | $22,782 |
| CHRISTINA WIZBA | CFO Officer | 5 | $0 | $309,009 | $21,406 |
| LINDA GETZEN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DON GOODRICH | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN HICKS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KATHLEEN JUNKINS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| TOM TAYLOR | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT SHERWOOD | CHAIRMAN Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ERIC NICHOLS | PRESIDENT & CEO Trustee or director, Officer | 5 | $0 | $409,336 | $21,906 |
| CHRISTINA WIZBA | CFO Officer | 5 | $0 | $289,663 | $20,268 |
| ROGER DIRKSEN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| LINDA GETZEN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| GERRY HAILEY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KATHLEEN JUNKINS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT SHERWOOD | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| TOM TAYLOR | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN HICKS | CHAIRMAN Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ERIC NICHOLS | PRESIDENT & CEO Trustee or director, Officer | 5 | $0 | $396,729 | $21,028 |
| CHRISTINA WIZBA | CFO Officer | 5 | $0 | $279,400 | $19,505 |
| ROGER DIRKSEN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| LINDA GETZEN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| GERRY HAILEY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT SHERWOOD | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| TOM TAYLOR | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN HICKS | CHAIRMAN Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8400 VAMO RD, SARASOTA, FL 34231-7807
- In care of
- % SOUTHTRUST ESTATE AND TR COMPANY
- Principal officer (990 for 2025)
- ERIC NICHOLS, 8400 VAMO RD, SARASOTA, FL 34231
- Signed the 990
- ERIC NICHOLS, PRESIDENT & CEO
- Phone
- (941) 966-5611
- Return prepared by
- KERKERING BARBERIO & CO
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.
Program accomplishments
- 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.THE ENDOWMENT FUND IS COMPRISED OF CONTRIBUTIONS MADE FROM LARGE AND SMALL DONATIONS, WILLS AND ESTATES, LEGACIES, AND PROCEEDS FROM THE "BAY VILLAGE MARKET PLACE AND THE "DOWN UNDER (RESALE) SHOP." THE ENDOWMENT FUND'S OBJECTIVE IS TO CONTINUE TO BUILD THE FUND TO HELP PROVIDE LONG-TERM STABILITY AND FINANCIAL SUPPORT FOR BAY VILLAGE TO FULFILL ITS NON-PROFIT MISSION.Expenses $151,798 · grants $147,600
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-1958932
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22I)
- Assets (IRS master file)
- $15,730,005
- Income (IRS master file)
- $1,008,958
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $723,341 | $256,940 | $15,730,005 | XML |
| 990 | December 2024 | $835,915 | $112,115 | $13,636,191 | XML |
| 990 | December 2023 | $416,990 | $32,179 | $12,283,274 | XML |
| 990 | December 2022 | $55,165 | $7,030,819 | $10,561,221 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-1958932).
Questions about BAY VILLAGE ENDOWMENT FUND
- What is the EIN of BAY VILLAGE ENDOWMENT FUND?
- The employer identification number (EIN) of BAY VILLAGE ENDOWMENT FUND is 59-1958932.
- Is BAY VILLAGE ENDOWMENT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to BAY VILLAGE ENDOWMENT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does BAY VILLAGE ENDOWMENT FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BAY VILLAGE ENDOWMENT FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BAY VILLAGE ENDOWMENT FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BAY VILLAGE ENDOWMENT FUND?
- The 990 for the year ended December 31, 2025 names ERIC NICHOLS.
- Who are the officers and directors of BAY VILLAGE ENDOWMENT FUND?
- The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does BAY VILLAGE ENDOWMENT FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $723,341, expenses of $256,940 and total assets of $15,730,005 at year end.
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