The Foundation For Te College Of The Virgin Islands Inc

Organization Overview

The Foundation For Te College Of The Virgin Islands Inc is located in St Thomas, VI. The organization was established in 1986. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Te College Of The Virgin Islands 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 09/2021, Foundation For Te College Of The Virgin Islands Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $2.7m during the year ending 09/2021. While expenses have increased by 0.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

EDUCATIONAL AND CHARITABLE PURPOSES

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION ASSISTS AND SUPPORTS THE UNIVERSITY OF THE VIRGIN ISLANDS IN ACCOMPLISHING ITS CHARITABLE AND EDUCATIONAL MISSION.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Alfred O Heath
Director
$0
James Tunick
Chair
$0
Sharmane Brookes
Treasurer
$0
Kerry Sain
Director
$0
Adriane Dudley
Vice Chair
$0
Henry Smock
Director
$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$1,856,336
Noncash contributions included in lines 1a–1f $1,702
Total Revenue from Contributions, Gifts, Grants & Similar$1,856,336
Total Program Service Revenue$0
Investment income $68,707
Tax Exempt Bond Proceeds $18,252
Royalties $0
Net Rental Income -$267
Net Gain/Loss on Asset Sales $1,126,593
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,069,621

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Foundation For Te College Of The Virgin Islands Inc has recieved totaling $9,604.

Awarding OrganizationAmount
Community Foundation Of The Virgin Islands Inc

St Thomas, VI

PURPOSE: GENERAL SUPPORT

$9,604
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$15,531,020
Earnings$2,964,800
Admin Expense$62,618
Net Contributions$1,852,226
Other Expense$308
Grants$625,818
Ending Balance$19,659,302

Peer Organizations

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