Woldumar Endownment Charitable Tr EIN 91-6542498 Form 990 (PDF) Claim this org

Woldumar Endownment Charitable Tr FY2020 filing

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Provides financial support for nature education programs and facilities. For fiscal year 2020 it reported $103K in revenue, $36K in expenses, and $783K in net assets.Pt I

Founded
2001
Type
Supporting organization · Environment
Location
Grand Ledge, MI
Filings
6 on file (2020–2020)
Revenue
$103KFY2020
Expenses
$36K
Net assets
$783K
People
3
Filings
6
Updates
0
More identity details & actions ⌄
EIN  91-6542498 Supporting organization Grand Ledge, MI Founded 2001
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
Provides financial support for nature education programs and facilities.
Leadership
Gary Pike · Trustee
Money in and out
$103K revenue, $36K expenses
Bottom line
+65% net inflow
Money in and out · FY2020
Total revenue
$103K
Pt VIII · Ln 12
Total expenses
$36K
Pt IX · Ln 25
Net assets
$783K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $67K
Where spending went · Part IX cols B–D
Program services $1.00
Net inflow
+65%
revenue over expenses, this year
Pass-through gifts
5%
of revenue from contributions
Program spending
100%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$103K
FY2020
Expenses
$36K
FY2020
Total assets
$783K
FY2020
Total liabilities
$0
FY2020
Total revenue
$103K
Pt VIII · Ln 12
Total expenses
$36K
Pt IX · Ln 25
Net assets
$783K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$67K
Total assetsPt X · Ln 16$783K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWoldumar Endownment Charitable Tr
EINHdr · item D91-6542498
Principal addressHdr · item CGrand Ledge, MI
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2001
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C11)
Ruling yearIRS BMFFeb 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A

Jb McCombs’s $1 as Trustee is at the 0th percentile of top reported officer pay among 134 <$100K environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Mission & Programs · Part III

Where the work happens

1 program service account for $36K of program spending, described in the organization's own filed words · FY2020.
01

WECT's trust agreement includes a formula for distributions to Woldumar Nature Center. For 2020 the formula calcluated to $39,000.

$36Kprogram expense

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Statement of Revenue

Part VIII
Investment income$98K · 95%
Contributions & grants$5K · 5%
Investment income95%$98K
Contributions & grants5%$5K
Total revenueLn 12$103K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$36K
Total functional expensesLn 25$36K

Balance Sheet

Part X · end of year
CashLn 1$434
Total assetsLn 16$783K
Total liabilitiesLn 26$0
Total net assetsLn 32$783K
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $783K · Operating expenses/yr $36K
264.1 months
Where the money goes
Program services
Program services $36K · Total expenses $36K
100%
Management & General
Management & general $0 · Total expenses $36K
0%
Fundraising
Fundraising $0 · Total expenses $36K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $5K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $5K · Total revenue $103K
5%
Government reliance
Government grants $0 · Total revenue $103K
0%
Earned-income share
Program service revenue $0 · Total revenue $103K
0%
Investment reliance
Investment income $98K · Total revenue $103K
+95%
Program self-sufficiency
Program service revenue $0 · Total expenses $36K
0%
Growth & trend
Revenue growth (YoY)
This year $103K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $783K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $103K · Expenses $36K
+65%
Liabilities-to-Assets
Total liabilities — · Total assets $783K
Net-asset ratio
Net assets $783K · Total assets $783K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $783K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $783K
100%
People & payroll
Highest Reported Total Compensation
Individual Gary Pike · Reported title Trustee · Highest reported compensation $0 · Total expenses $36K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $36K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$64K revenue · ⤓ 990 PDF
FY2024$44K revenue · ⤓ 990 PDF
FY2023$350 revenue · ⤓ 990 PDF
FY2022$43K revenue · ⤓ 990 PDF
FY2021$48K revenue · ⤓ 990 PDF
FY2020$103K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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