Core Foundation
- Assets
- $186.3k
- Revenue
- $48.1k
- Investments
- $0.0
- Employees
- 0
- Location
- St John, VI
- Founding
- 01/2012
- Data as of
- 12/2022
- EIN
- 66-0764897
Organization Overview
Core Foundation is located in St John, VI. The organization was established in 2012. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Core Foundation 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 12/2022, Core Foundation generated $48.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $67.6k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE C.O.R.E. FOUNDATION INSPIRES COMMUNITIES TO BE BETTER STEWARDS OF THE ENVIRONMENT THROUGH MARINE AWARENESS EDUCATION AND HANDS ON COASTAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPLETED DPNR CONTRACT TO TREAT STONY CORAL TISSUE LOSS DISEASE. STARTED A CORAL PROPAGATION PROJECT IN CONJUNCTION WITH THE ST. JOHN NATIONAL PARK SERVICE TO GROW CORALS FOR EVENTUAL OUTPLANTING. TRAINED OVER 40 LIONFISH REMOVAL TEAM MEMBERS. PLANNING FOR A 2023 ST. CROIX LIONFISH DERBY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Cummings President | Officer | 4 | $0 |
Michael Funk Treasurer | Officer | 4 | $0 |
Sue Littlefield Secretary | Officer | 4 | $0 |
Jeff Miller Science Offi | Officer | 4 | $0 |
Jason Quetel Chief Of Fie | Officer | 4 | $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 | $44,039 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,039 |
| Total Program Service Revenue | $3,805 |
| Investment income | $227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $48,071 |
| 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 | $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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,757 |
| Advertising and promotion | $0 |
| Office expenses | $246 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,042 |
| Travel | $229 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $357 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,456 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $67,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,582 |
| Savings and temporary cash investments | $0 |
| 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 | $64,692 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $186,274 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $186,274 |
| Total liabilities and net assets/fund balances | $186,274 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of The Virgin Islands National Park St John, VI | $5,342,230 | $1,921,076 |
Coral World Ocean And Reef Initiative Inc St Thomas, VI | $119,813 | $648,070 |
St George Village Botanical Garden Of St Croix Inc Frederiksted St Croix, VI | $1,488,175 | $304,254 |
Coral Bay Community Council St John, VI | $208,288 | $278,526 |
St Croix Environmental Association Christiansted, VI | $2,570,044 | $306,316 |