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Chilmark Pond Foundation INC

Tax-deductible

Vineyard Haven, MA501(c)(3)Environment EIN 82-5083098Revenue $208K in FY2024

On file with the IRSchilmarkpondfoundation.org455 State Rd Pmb 384, 02568-5695 · Vineyard Haven, MATax-exempt since Aug 2018Publicly supported charity — 170(b)(1)(A)(vi)

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The Chilmark Pond Foundation is a community-centric organization established to support the science-based restoration of the pond's ecological health and to protect IT for future generations. Restoration of this community treasure is our legacy. The Foundation works closely with the Chilmark Pond association to steward the ecological health of Chilmark Pond.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $92K a year · 32% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
19 mo
of spending, in cash
Looks good: 19.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $282K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$14K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$208K
-15% vs prior year
Spent
$225K
To programs
71%
Net assets
$385K
By yearFY2020–FY2024
Revenue
$208K
FY2024▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$176K
FY2021$148K
FY2022$414K
FY2023$245K
FY2024$208K
Expenses
$225K
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$158K
FY2023$210K
FY2024$225K
Net assets
$385K
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$98K
FY2021$110K
FY2022$366K
FY2023$402K
FY2024$385K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $161K Management & general 28% · $63K Fundraising 1% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Allan M Holt
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Tom Milch
Director
$0Pt VII · Sec A
See Chilmark Pond Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Restores and protects a pond's ecological health for future generations.

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Provided by the organization

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1 program · $161K · in their own filed words · FY2024
01

Support for the restoration of chilmark pond.

$161Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Donor Advised Charitable Giving INCFY2024$101K
Marthas Vineyard Community Foundation INCFY2024$75K
Fidelity Investments Charitable Gift FundFY2024$44K
The New York Community TrustFY2024$25K
The Goldman Sachs Charitable Gift FundFY2024$25K
Vanguard Charitable Endowment ProgramFY2024$12K
Total grants receivedfrom 6 funders$282K
See all 6 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$208K
Ln 12
Gifts and grantsLn 1h$203K
Investment incomeLn 3$6K
Money outPt IX
$225K
Ln 25
Programscol B$161K
Managementcol C$63K
Fundraisingcol D$1K
Owns and owesPt X
$385K
net assets · Ln 32
Cash and savingsLn 1–2$362K
Total assetsLn 16$399K
LiabilitiesLn 26$14K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$203K
Investment incomeLn 3$6K
Total revenueLn 12$208K
Assets in detailPt X, end of year
CashLn 1$362K
Cash and savings togetherLn 1–2$362K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$399K
LiabilitiesLn 26$14K
Net assetsLn 32$385K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$402K$362K
Land, buildings, equipmentLn 10c$806$0
Total assetsLn 16$428K$399K
LiabilitiesLn 26$26K$14K
Net assetsLn 32$402K$385K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$7K$4K$3K
Accounting feesLn 11c$53K$53K
Other fees for servicesLn 11g$161K$157K$4K
Advertising and promotionLn 12$523$523
Office expensesLn 13$543$543
Information technologyLn 14$1K$1K
Depreciation, depletion and amortizationLn 22$806$806
Other expenses (24a–d)Ln 24$165$19$146
Total functional expensesLn 25$225K$161K$63K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $208K$225K−$17K$385K 990 PDF
FY2023 $245K$210K$35K$402K 990 PDF
FY2022 $414K$158K$256K$366K 990 PDF
FY2021 $148K$110K 990 PDF
FY2020 $176K$98K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $208,218 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $239,691$202,620
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $5,039$5,598
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $244,730$208,218
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $209,673$225,082
I-18 Total expensesPrior year $209,673$225,082
I-19 Revenue less expensesPrior year $35,057−$16,864
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $208,218 across 4 lines filed
VIII-1f All other contributions, gifts and grants$202,620
VIII-1h Total contributions, gifts and grants$202,620
VIII-3 Investment incomeExcluded from tax $5,598$5,598
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $5,598$208,218
Part IX · Statement of functional expenses $225,082 across 8 lines filed
IX-11b Legal feesPrograms $3,748 · Management $3,416$7,164
IX-11c Accounting feesManagement $53,118$53,118
IX-11g Other fees for servicesPrograms $157,162 · Management $4,317$161,479
IX-12 Advertising and promotionManagement $523$523
IX-13 Office expensesManagement $543$543
IX-14 Information technologyFundraising $1,284$1,284
IX-22 Depreciation, depletion and amortizationManagement $806$806
IX-24 Other expenses (24a–d)Management $19 · Fundraising $146$165
IX-25 Total functional expensesPrograms $160,910 · Management $62,742 · Fundraising $1,430$225,082
Part X · Balance sheet $398,790 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $401,625$361,668
X-3 Pledges and grants receivableStart of year $25,103$37,122
X-10c Land, buildings and equipment, netStart of year $806$0
X-16 Total assetsStart of year $427,534$398,790
X-17 Accounts payable and accrued expensesStart of year $26,019$14,139
X-26 Total liabilitiesStart of year $26,019$14,139
X-27 Net assets without donor restrictionsStart of year $401,515$384,651
X-32 Total net assets or fund balancesStart of year $401,515$384,651
X-33 Total liabilities and net assetsStart of year $427,534$398,790
Part XI · Reconciliation of net assets $384,651 net assets at year end
XI-1 Total revenue$208,218
XI-2 Total expenses$225,082
XI-3 Revenue less expenses−$16,864
XI-4 Net assets at start of year$401,515
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$384,651

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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