Community Foundation Of The Virgin Islands Inc
- Assets
- $18.1m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 9
- Location
- St Thomas, VI
- Founding
- 04/1992
- Data as of
- 12/2021
- EIN
- 66-0470703
Organization Overview
Community Foundation Of The Virgin Islands Inc is located in St Thomas, VI. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Foundation Of The Virgin Islands Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation 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 12/2021, Community Foundation Of The Virgin Islands Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $5.0m during the year ending 12/2021. While expenses have increased by 7.1% per year over the past 7 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.
Since 2019, Community Foundation Of The Virgin Islands Inc has awarded 164 individual grants totaling $7,497,904. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE EDUCATIONAL, PHYSICAL, SOCIAL, CULTURAL AND ENVIRONMENTAL WELL-BEING OF THE PEOPLE OF THE VIRGIN ISLANDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY PROGRAMS AND SERVICES - TECHNICAL ASSISTANCE TO NOT FOR PROFITS AND INDIVIDUALS ENGAGED PRINCIPALLY IN IMPROVING THE LIVES OF CHILDREN AND FAMILIES IN THE US VIRGIN ISLANDS
CHILDREN AND FAMILIES - SUPPORT FOR A RANGE OF IN-HOUSE PROGRAMS AS WELL AS COMMUNITY INITIATED PROJECTS AIMED AT ENHANCING LIVES OF CHILDREN AND FAMILIES. SUPPORT ENDEAVORS TO PROVIDE DATA TO ADVOCATE ON BEHALF OF CHILDREN AND FAMILIES IN THE US TERRITORY, SUPPORT INITIATIVES TO FOSTER THE FAMILY UNIT, PROVIDE GRANTS IN TIME OF CRISIS, AND ENGAGE THE YOUTH OF THE VIRGIN ISLANDS IN VOLUNTEERISM.
ENVIRONMENTAL - PROVIDE ASSISTANCE IN MEETING THE CHALLENGES OF PROTECTING, CONSERVING AND SUSTAINABLY MANAGING SMALL ISLAND ENVIRONMENTS AND ECO-SYSTEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dee Baecher-Brown President | Officer | 40 | $165,290 |
Lawrence Kupfer 2nd Vice Chair | OfficerTrustee | 1 | $0 |
Marie Thomas Griffith Chairman | OfficerTrustee | 5 | $0 |
Angelina Daswani Secretary | OfficerTrustee | 5 | $0 |
Trudie Prior 1st Vice Chair | OfficerTrustee | 1 | $0 |
Mark Robertson Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $600,696 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,589,483 |
| Noncash contributions included in lines 1a–1f | $68,396 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,190,179 |
| Total Program Service Revenue | $0 |
| Investment income | $280,964 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $717,814 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,188,957 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,396,906 |
| Grants and other assistance to domestic individuals. | $582,209 |
| Grants and other assistance to Foreign Orgs/Individuals | $108,750 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $165,289 |
| Compensation of current officers, directors, key employees. | $66,664 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $346,149 |
| Pension plan accruals and contributions | $9,827 |
| Other employee benefits | $37,530 |
| Payroll taxes | $38,138 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,962 |
| Advertising and promotion | $0 |
| Office expenses | $4,700 |
| Information technology | $24,663 |
| Royalties | $0 |
| Occupancy | $17,501 |
| Travel | $56 |
| 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 | $435 |
| Insurance | $4,340 |
| All other expenses | $23,998 |
| Total functional expenses | $4,973,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $544,216 |
| Savings and temporary cash investments | $2,723,140 |
| Pledges and grants receivable | $0 |
| 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 | $14,835,179 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,111 |
| Total assets | $18,108,646 |
| Accounts payable and accrued expenses | $48,647 |
| 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 | $0 |
| Total liabilities | $48,647 |
| Net assets without donor restrictions | $9,444,673 |
| Net assets with donor restrictions | $8,615,326 |
| 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 | $18,108,646 |
Grants Awarded
Over the last fiscal year, Community Foundation Of The Virgin Islands Inc has awarded $2,788,784 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
Charlotte Amalie, VI PURPOSE: GENERAL SUPPORT/HUMANITIES | $241,533 |
MY BROTHERS WORKSHOP PURPOSE: GENERAL SUPPORT | $168,125 |
Frederiksted, VI PURPOSE: GENERAL SUPPORT/DISASTER ASSISTANCE | $122,750 |
HUMANE SOCIETY OF ST THOMAS PURPOSE: GENERAL SUPPORT | $112,022 |
ST THOMAS RESCUE PURPOSE: DISASTER ASSISTANCE/GENERAL SUPPORT | $102,500 |
ROTARY EAST FOUNDATION PURPOSE: YOUTH PROGRAMS/GENERAL SUPPORT | $102,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Community Foundation Of The Virgin Islands Inc has recieved totaling $91,680.
| Awarding Organization | Amount |
|---|---|
The Faile Foundation Inc Greensboro, NC PURPOSE: ENVIRONMENTAL OUTREACH AND GARDEN PROGRAM | $30,000 |
Island Foundation Inc Marion, MA PURPOSE: EDUCATION | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $20,800 |
Panta Rhea Foundation Inc La Jolla, CA PURPOSE: GENERAL SUPPORT | $10,000 |
Give Back Foundation Madison, WI PURPOSE: PROGRAM SUPPORT | $5,875 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $497,211 |
| Earnings | $44,278 |
| Net Contributions | $6,173 |
| Grants | $13,000 |
| Ending Balance | $534,662 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of The Virgin Islands Inc St Thomas, VI | $18,108,646 | $4,188,957 |
Ys Kim Foundation Inc St Thomas, VI | $44,300 | $890,503 |
Prior Family Foundation St Thomas, VI | $9,377,478 | $259,099 |
Leaders Branch St Thomas, VI | $55,854 | $55,052 |
Sidney Lee Dream Foundation Inc Christiansted, VI | $0 | $0 |
Richard Hill Lambertsen Foundation Christiansted, VI | $38,452 | $130 |
Gratitude America Ltd St Thomas, VI | $8,175,884 | $0 |