Cape Eleuthera Foundation Inc
- Assets
- $17.9m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 7
- Location
- Philadelphia, PA
- Founding
- 12/1998
- Data as of
- 06/2021
- EIN
- 31-1591503
Organization Overview
Cape Eleuthera Foundation Inc is located in Philadelphia, PA. The organization was established in 1998. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2021, Cape Eleuthera Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape Eleuthera Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Cape Eleuthera Foundation Inc generated $4.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $4.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHARITABLE FUNDING SUPPORT FOR EDUCATION, SCIENTIFIC RESEARCH, COMMUNITY LEADERSHIP, AND SUSTAINABLE TECHNOLOGIES ON THE ISLAND OF ELEUTHERA AND AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CAPE ELEUTHERA FOUNDATION INC. PROVIDES STAFF AND OTHER FINANCIAL ASSISTANCE FOR THE FURTHERANCE OF EDUCATION AT THE CAPE ELEUTHERA ISLAND SCHOOL IN CAPE ELEUTHERA, BAHAMAS. IT SUPPORTS PROGRAM-BASED EDUCATION, SCIENTIFIC RESEARCH, COMMUNITY LEADERSHIP, AND SCIENTIFIC TECHNOLOGIES. THESE PROGRAMS OFFER STUDENTS AND STAFF A UNIQUE EXPERIENCE THAT CONNECTS THEM MORE INTIMATELY WITH THEIR ENVIRONMENT AND ON-GOING EFFORTS FOR SUSTAINABLE DEVELOPMENT AND ENVIRONMENTAL STEWARDSHIP IN SOUTH ELEUTHERA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Assini Executive Director | Officer | 40 | $124,020 |
Mary Kate Barnes Chair | OfficerTrustee | 2 | $0 |
John Zweig Vice Chair | OfficerTrustee | 2 | $0 |
Tricia Vanacore Co - Chair | OfficerTrustee | 2 | $0 |
Will Nystrom Secretary And Treasurer | OfficerTrustee | 2 | $0 |
Jessica Baylor Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,387,729 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,387,729 |
| Total Program Service Revenue | $0 |
| Investment income | $159,185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $117,929 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,664,843 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,145,598 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $124,020 |
| Compensation of current officers, directors, key employees. | $18,008 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,759 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,635 |
| Payroll taxes | $19,264 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,519 |
| Fees for services: Accounting | $47,749 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,414 |
| Advertising and promotion | $3,336 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,519 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,447 |
| All other expenses | $22,926 |
| Total functional expenses | $4,703,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,819,024 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,103,013 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,904,411 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,868 |
| Total assets | $17,861,316 |
| Accounts payable and accrued expenses | $112,522 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,353,045 |
| Total liabilities | $2,465,567 |
| Net assets without donor restrictions | $14,221,563 |
| Net assets with donor restrictions | $1,174,186 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,861,316 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Cape Eleuthera Foundation Inc has recieved totaling $307,997.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $163,640 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ENVIRONMENT & ANIMAL PROTECTION | $60,000 |
The Windermere Island Foundation Inc Troy, MI PURPOSE: FBO ELEUTHERA COMMUNITY HEALTH INITIATIVE & SAILING PROGRAM | $21,000 |
Waccamaw Community Foundation Inc Murrells Inlet, SC PURPOSE: SUPPORT TO THE ISLAND SCHOOL AND GENERAL OPERATIONS | $10,500 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $10,250 |
Matthew T Mellon Foundation Pittsburgh, PA PURPOSE: GENERAL OPERATING | $10,000 |
Endowment Analysis
| Beg. Balance | $4,681,164 |
| Earnings | $187,863 |
| Net Contributions | $435,674 |
| Ending Balance | $5,304,701 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trustees Of Robert College Of Istanbul New York, NY | $10,685,892 | $20,101,446 |
American School In London Foundation Princeton, NJ | $2,370,011 | $19,085,987 |
American Community School At Beirut -Lebanon New York, NY | $38,176,805 | $18,283,695 |
International Youth Foundation Baltimore, MD | $31,725,558 | $21,248,898 |
Global Hunger Project New York, NY | $18,451,641 | $18,515,873 |
Womens World Banking Inc New York, NY | $45,990,561 | $24,725,214 |
Innovation Africa New York, NY | $6,054,720 | $16,340,258 |
Near East Foundation Syracuse, NY | $16,218,674 | $15,526,282 |
Amref Health Africa Inc New York, NY | $11,305,543 | $22,534,673 |
International Schools Services Inc Princeton, NJ | $22,409,212 | $13,743,105 |
Palestine Childrens Relief Fund Kent, OH | $38,017,792 | $21,671,085 |
British Schools And Universities Foundation Inc New York, NY | $4,352,409 | $13,471,425 |