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Nonprofiteer
← COMMUNITY FOUNDATION OF THE VIRGIN ISLANDS INC

Form 990 for tax year 2024

Filed by COMMUNITY FOUNDATION OF THE VIRGIN ISLANDS INC.

Totals

Total revenue
$7,870,102
Total expenses
$5,236,845
Contributions and grants received
$6,912,705
Grants paid
$3,222,026
Program service revenue
$0
Investment income
$957,397
Other revenue
$0
Total assets, end of year
$18,773,439
Total liabilities, end of year
$465,545
Net assets or fund balances, end of year
$18,307,894
Program services expenses (Part IX)
$4,440,426
Management and general expenses
$547,168
Fundraising expenses
$249,251
Program service expenses (Part III)
$4,440,426

Program services were 84.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $869,027

  • 1f · All other contributions, gifts and grants

    $6,043,678

  • 3 · Investment income

    total $865,348 · excluded $865,348

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $1,334,606

  • 7b · Less cost or other basis and sales expenses

    securities $1,242,557

  • 7c · Gain or loss

    securities $92,049

  • 7d · Net gain or loss

    total $92,049 · excluded $92,049

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,868,007 · program services $1,868,007

  • 2 · Grants to domestic individuals

    total $1,315,519 · program services $1,315,519

  • 3 · Grants to foreign organizations and individuals

    total $38,500 · program services $38,500

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $206,932 · program services $152,050 · management and general $51,960 · fundraising $2,922

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $480,317 · program services $229,312 · management and general $227,841 · fundraising $23,164

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $87,360 · program services $44,490 · management and general $37,822 · fundraising $5,048

  • 10 · Payroll taxes

    total $43,676 · program services $21,292 · management and general $20,146 · fundraising $2,238

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $31,383 · management and general $31,383

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $286,078 · program services $208,409 · management and general $77,669

  • 12 · Advertising and promotion

    total $360 · management and general $360

  • 13 · Office expenses

    total $3,646 · program services $1,993 · management and general $1,416 · fundraising $237

  • 14 · Information technology

    total $36,953 · management and general $36,953

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $115,279 · program services $106,009 · management and general $8,050 · fundraising $1,220

  • 17 · Travel

    total $14,331 · management and general $14,331

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $65,325 · program services $60,576 · fundraising $4,749

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $10,786 · management and general $10,786

  • 24a · Other expenses: OTHER PROGRAM SERVICES

    total $255,612 · program services $255,612

  • 24b · Other expenses: COMMUNITY INITATIVES

    total $149,900 · program services $138,657 · management and general $200 · fundraising $11,043

  • 24c · Other expenses: GRAPHICS AND MARKETING

    total $120,820 · fundraising $120,820

  • 24d · Other expenses: FUNDRAISING

    total $54,823 · fundraising $54,823

  • 24e · All other expenses

    total $51,238 · management and general $28,251 · fundraising $22,987

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $758,428 · end of year $1,754,682

  • 2 · Savings and temporary cash investments

    beginning of year $375,285 · end of year $1,669,989

  • 3 · Pledges and grants receivable

    beginning of year $36,000 · end of year $0

  • 4 · Accounts receivable

    beginning of year $8,055 · end of year $448,458

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $67,708

  • 10b · Land, buildings and equipment: accumulated depreciation

    $67,708

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $14,077,652 · end of year $14,892,823

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $6,697 · end of year $7,487

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,373 · end of year $247,545

  • 19 · Deferred revenue

    beginning of year $109,883 · end of year $218,000

  • 27 · Net assets without donor restrictions

    beginning of year $8,232,004 · end of year $9,964,735

  • 28 · Net assets with donor restrictions

    beginning of year $6,898,857 · end of year $8,343,159

Mission and programs · 2024

Mission

To be a catalyst for positive change and enrich the quality of life in the Virgin Islands while preserving our islands unique cultural heritage by inspiring philanthropy, strengthening nonprofits and engaging the community.

  • HEALTH AND HUMAN SERVICES - PROVIDE SUPPORT FOR HEALTH RELATED NEEDS OF VIRGIN ISLANDERS, INCLUDING FINANCIAL ASSISTANCE, FOR MEDICAL CARE TO RESIDENTS WITH CANCER AND OTHER LIFE-THREATENING ILLNESSES, AS WELL AS FINANCIAL SUPPORT FOR VULNERABLE VIRGIN ISLANDS RESIDENTS AND FAMILIES.

    Expenses $1,616,634 · Grants $1,487,185

  • 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 ADVOCATE ON BEHALF OF CHILDREN AND FAMILIES IN THE US TERRITORY, SUPPORT INITIATIVES TO FOSTER THE FAMILY UNIT,AND PROVIDE GRANTS IN TIME OF CRISIS

    Expenses $785,994 · Grants $633,733

  • 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

    Expenses $646,285 · Grants $471,260

  • EDUCATION AND SCHOLARSHIPS - PROVIDE SCHOLARSHIPS TO STUDENTS DEMONSTRATING ACADEMIC EXCELLENCE AND FINANCIAL NEED, AND SUPPORT A RANGE OF PROJECTS AND PROGRAMS WHICH ENHANCE AND SUPPORT ACADEMIC SUCCESS, SCHOOLS, EDUCATORS, AND EDUCATION ENRICHMENT.

    Expenses $405,639 · Grants $282,289

  • HUMANNITES PROGRAM SERVICES SUPPORT A COMMITMENT TO ENHANCING CULTURAL, HISTORICAL, AND EDUCATIONAL INITATIVES IN THE USVI THROUGH THE NATIONAL ENDOWMENT FOR THE HUMANITES(NEH)SUB-GRANTS. PROGRAM SUPPORTS ORGANIZATIONS ENGAGED IN PRESERVING AND PROMOTING HUMANITIES WITHIN THE TERRITORY WITH A FOCUS ON EDUCATION, HISTORICAL PRESERVATION,CULTURAL PROGRAMMING AND COMMUNITY ENGAGEMENT.

    Expenses $334,241 · Grants $212,000

  • ENVIRONMENTAL - PROVIDE ASSISTANCE IN MEETING THE CHALLENGES OF PROTECTING, CONSERVING AND SUSTAINABLY MANAGING SMALL ISLAND ENVIRONMENTS AND ECO-SYSTEMS.

    Expenses $313,650 · Grants $72,965

  • CAPACITY BUILDING

    Expenses $310,502 · Grants $80,594

  • RECOVERY ASSISTANCE - PROVIDE ASSISTANCE TO VIRGIN ISLANDERS IMPACTED BY NATURAL DISASTERS, SUCH AS HURRICANES IRMA AND MARIA, AND SUPPORT EFFORTS TO BUILD FORWARD AS NEEDS ARISE IN THE AFTERMATH OF NATURAL DISASTERS.

    Expenses $27,481

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dee Baecher-Brown

    President

    Total calculated
    $206,930
    From this org
    $182,833
    From related orgs
    $0
    Other
    $24,097
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,833
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $24,097
    Filer's total
    $206,930

  • Sonia Barnes - Moorehead

    VP DEVELOPMENT

    Total calculated
    $170,570
    From this org
    $140,242
    From related orgs
    $0
    Other
    $30,328
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,242
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $30,328
    Filer's total
    $170,570

  • Rashida Hodge

    Director

    Total calculated
    $0
    Hours/week
    1

  • George Cannon

    Director

    Total calculated
    $0
    Hours/week
    1

  • Catherine Mills

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marie Thomas Griffith

    Chair

    Total calculated
    $0
    Hours/week
    5

  • Ricardo J Charaf

    EMERITUS DIRECT

    Total calculated
    $0
    Hours/week
    0

  • Allison Allie Petrus

    Director

    Total calculated
    $0
    Hours/week
    1

  • Henry Feuerzeig

    EMERITUS DIRECT

    Total calculated
    $0
    Hours/week
    0

  • Penny Feuerzeig

    EMERITUS DIRECT

    Total calculated
    $0
    Hours/week
    0

  • Thelma Watson-Comissiong

    Director

    Total calculated
    $0
    Hours/week
    1

  • Angelina Daswani

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • George Ht Dudley

    Emeritus CHAIR

    Total calculated
    $0
    Hours/week
    0

  • G Hunter Logan Jr

    2ND VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mark Robertson

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Scott Barber

    Director

    Total calculated
    $0
    Hours/week
    1

  • Valdamier Collens

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lawrence Kupfer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Elli Ausubel

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marjorie Roberts

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kafi Blumenfield

    1st Vice Chair

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202543149349302649

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