Duck Pond Foundation EIN 98-1517187 Form 990 (PDF) Claim this org

Duck Pond Foundation

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Duck Pond Foundation is a membership association based in Bermuda, , formed in 2019. For fiscal year 2024 it reported $47.0M in revenue, $2.9M in expenses, and $305.6M in net assets.Pt I

Founded
2019
Type
Membership association · Foundations & Grantmakers
Location
Bermuda
Filings
5 on file (2020–2024)
Revenue
$47.0MFY2024
Expenses
$2.9M
Net assets
$305.6M
People
2
Filings
5
Updates
0
More identity details & actions ⌄
EIN  98-1517187 Membership association Bermuda Founded 2019
Form 990 (PDF)
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Figures match the IRS filing checked 7/9/26 · see original: IRS
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Size
$10–100M
What they do
a membership association
Leadership
James a Urry · Chairman and Officer
Money in and out
$47.0M revenue, $2.9M expenses
Bottom line
+94% operating surplus
Membership & operating revenue · FY2024
Total revenue
$47.0M
Pt VIII · Ln 12
Total expenses
$2.9M
Pt IX · Ln 25
Net assets
$305.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $44.1M
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Operating surplus
+94%
revenue over expenses▲ +13% vs prior filing year
Earned revenue
0%
of revenue from program services & dues
Program spending
88%
of expenses reach member services▼ -5% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$47.0M
FY2024▲ +264%
Expenses
$2.9M
FY2024▲ +31%
Total assets
$305.7M
FY2024▲ +27%
Total liabilities
$58K
FY2024▲ +44%
Total revenue
$47.0M
Pt VIII · Ln 12
Total expenses
$2.9M
Pt IX · Ln 25
Net assets
$305.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$44.1M
Total assetsPt X · Ln 16$305.7M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDuck Pond Foundation
EINHdr · item D98-1517187
Principal addressHdr · item CBermuda,
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2019
State of legal domicileHdr · item M
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFMay 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairman and Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $2.5M of program spending, described in the organization's own filed words · FY2024.
01

Duck pond foundation supports education and educational programs through the renaissance charitable foundation.

$2.5Mprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$38.6M · 82%
Investment income$10.1M · 21%
Contributions & grants82%$38.6M
Investment income21%$10.1M
Total revenueLn 12$47.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$2.5M
Management & general12%$352K
Total functional expensesLn 25$2.9M

Balance Sheet

Part X · end of year
CashLn 1$87.6M
Total assetsLn 16$305.7M
Total liabilitiesLn 26$58K
Total net assetsLn 32$305.6M
Months of cash on handcomputed368.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $305.7M · Operating expenses (Pt IX) $2.9M · Less non-cash grants $19.6M · Cash operating expenses/yr $-16.8M
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $2.5M · Total expenses $2.9M
88%
Management & General
Management & general $352K · Total expenses $2.9M
12%
Fundraising
Fundraising $0 · Total expenses $2.9M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $12.9M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $38.6M · Total revenue $47.0M
82%
Government reliance
Government grants — · Total revenue $47.0M
Earned-income share
Program service revenue $0 · Total revenue $47.0M
0%
Investment reliance
Investment income $10.1M · Total revenue $47.0M
+21%
Program self-sufficiency
Program service revenue $0 · Total expenses $2.9M
0%
Growth & trend
Revenue growth (YoY)
This year $47.0M · Prior year $12.9M
+264%
Revenue CAGR
FY2020 $218.3M · FY2024 $47.0M
-32%
Net-asset trend (YoY)
End of year $305.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $47.0M · Expenses $2.9M
+94%
Liabilities-to-Assets
Total liabilities — · Total assets $305.7M
Net-asset ratio
Net assets $305.6M · Total assets $305.7M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $154.7M · Other securities (Pt X, ln 12) $63.3M · Total assets (Pt X, ln 16) $305.7M
71%
People & payroll
Highest Reported Total Compensation
Individual James a Urry · Reported title CHAIRMAN AND OFFICER · Highest reported compensation $0 · Total expenses $2.9M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $2.9M
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Fundraising cost ratio 0%
Revenue growth 264%
Investment management fee ratio 0.07%
Legal fee ratio 0.4%
Accounting fee ratio 2%

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.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $9.5M · 2020–2024
TIAA Charitable Endowment ProgramFY2020$1,000,000

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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
FY2024 (Latest)$47.0M revenue · viewing · ⤓ 990 PDF
FY2023$12.9M revenue · ⤓ 990 PDF
FY2022$2.2M revenue · ⤓ 990 PDF
FY2021$17.2M revenue · ⤓ 990 PDF
FY2020$218.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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