St Croix Foundation For Community Development Inc
- Assets
- $3.3m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 7
- Location
- Christiansted, VI
- Founding
- 10/1992
- Data as of
- 12/2023
- EIN
- 66-0480131
Organization Overview
St Croix Foundation For Community Development Inc is located in Christiansted, VI. The organization was established in 1992. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, St Croix Foundation For Community Development Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Croix Foundation For Community Development 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 12/2023, St Croix Foundation For Community Development Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 10.0% per year over the past 8 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 2014, St Croix Foundation For Community Development Inc has awarded 106 individual grants totaling $4,150,296. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER ECONOMIC AND SOCIAL DEVELOPMENT OF TH ISLAND OF ST. CROIX AND THROUGHOUT THE U.S VIRGIN ISLANDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONOR ADVISED FUNDS AND FISCAL SPONSORSHIPS-DONOR ADVISED FUNDS ALLOWS INDIVIDUALS TO CREATE A PHILANTHROPIC FUND WITHOUT NAMING SPECIFIC CHARITIES WHILE ALLOWING THEM TO REMAIN ACTIVELY INVOLVED BY RECOMMENDING GRANTS FROM FUNDS. FISCAL SPONSORSHIPS ASSIST SMALLER NONPROFITS AS WELL AS PUBLIC AND PRIVATE ENTITIES BY PROVIDING FINANCIAL ADMINISTRATION SERVICES AND ACCOUNT MANAGEMENT.
FIDUCIARY-THE FOUNDATION ACTS AS FIDUCIARY IN CONNECTION WITH VARIOUS PROGRAMS AND OTHER SMALLER NONPROFIT ORGANIZATIONS.
FOUNDATION HOLDINGS OWNS AND REHABILITATES DILAPIDATED PROPERTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Dunham Vice Chairpe | OfficerTrustee | 2 | $0 |
Ronald Belfon ESQ Board Member | Trustee | 1 | $0 |
Willard John Board Member | Trustee | 1 | $0 |
Shomari Moorehead Treasurer | OfficerTrustee | 2 | $0 |
Miguel Tricoche Secretary | OfficerTrustee | 2 | $0 |
Gladys Krigger Washington Chairperson | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Virgin Islands Paving Inc Paving | 12/30/20 | $470,387 |
Microcha Law Llc Land Purchase | 12/30/20 | $323,381 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $567,658 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,674,757 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,242,415 |
| Total Program Service Revenue | $370,438 |
| Investment income | $6,068 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,211 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,672,132 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,517 |
| Grants and other assistance to domestic individuals. | $40,760 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $352,117 |
| Pension plan accruals and contributions | $5,596 |
| Other employee benefits | $47,036 |
| Payroll taxes | $25,052 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,290 |
| Fees for services: Accounting | $31,737 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,189,954 |
| Advertising and promotion | $9,457 |
| Office expenses | $34,745 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,785 |
| Travel | $88,082 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $210 |
| Interest | $14,633 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $41,434 |
| All other expenses | $81,557 |
| Total functional expenses | $2,412,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,098,500 |
| Pledges and grants receivable | $170,254 |
| Accounts receivable, net | $59,711 |
| 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 | $63 |
| Net Land, buildings, and equipment | $2,017,231 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,345,759 |
| Accounts payable and accrued expenses | $20,817 |
| 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 | $208,378 |
| Unsecured mortgages and notes payable | $450,395 |
| Other liabilities | $4,790 |
| Total liabilities | $684,380 |
| Net assets without donor restrictions | $2,661,379 |
| Net assets with donor restrictions | $0 |
| 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 | $3,345,759 |
Grants Awarded
Over the last fiscal year, St Croix Foundation For Community Development Inc has awarded $111,988 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SEJAH FARM OF THE VI PURPOSE: AGRICULTURE LEARNING | $10,000 |
VIRGIN ISLANDS MUSEUM CIVICAND CULTURAL CENTER PURPOSE: PROGRAM | $83,580 |
VI ARCHITECTURE CENTER FOR BUILTHERITAGE AND CRAFTS PURPOSE: PROGRAM | $10,408 |
THE CROIX SICENCE TEACHERSASSOCIATION PURPOSE: OUTDOOR LIVING | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Thomas East End Medical Center Corporation St Thomas, VI | $1,609,668 | $8,773,440 |
Antilles School Inc St Thomas, VI | $13,255,035 | $9,370,465 |
Lutheran Social Services Of The Virgin Islands Inc Frederiksted, VI | $27,324,906 | $21,412,248 |
Virgin Islands Montessori School Inc St Thomas, VI | $10,780,530 | $3,983,026 |
Good Hope Country Day School Inc Kingshill, VI | $5,588,655 | $4,879,937 |
The Foundation For Te College Of The Virgin Islands Inc St Thomas, VI | $54,434,719 | $3,561,167 |
Meeting The Needs Of Our Community Inc St Thomas, VI | $1,027,856 | $4,465,565 |
Community Foundation Of The Virgin Islands Inc St Thomas, VI | $14,923,448 | $4,268,383 |
Gifft Hill School Inc St John, VI | $7,446,421 | $3,215,239 |
Legal Services Of The Virgin Islands Inc St Croix, VI | $6,717,341 | $3,600,989 |