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| Financial Overview | |||||||
Dave Luening, Secretary and Treasurer
As a 501(c)(3) taxexempt organization, financial support for the Foundation is provided almost entirely by contributions from individual donors. Our fiscal year is from July 1 each year through June 30 of the following year. Tax returns filed by the Foundation are available for public inspection on our website.  The thrust of our fundraising efforts for the past three years has been a capital campaign to fund the design, build, and testing of Nessie and to initiate a dredging program in Edgartown Great Pond. We are gratified that, due to the generous support of neighbors around the Pond, close to $800,000 has been received thus far against the goal of $900,000. |
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So far this fiscal year, emphasis on dredging has left us about $25,000 short of operating
funds needed to fully implement important projects other than dredging that are described
elsewhere in this report.
Looking ahead, there will be a need to broaden our donor base and to establish a steady stream of annual donations. This will be necessary in order to sustain continued dredging operations and to carry out other programs critical to the health of the Pond.
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