Form 990 for tax year 2024
Filed by ST CROIX FOUNDATION FOR COMMUNITY DEVELOPMENT INC.
Totals
- Total revenue
- $2,957,162
- Total expenses
- $3,227,151
- Contributions and grants received
- $2,489,068
- Grants paid
- $481,170
- Program service revenue
- $308,184
- Investment income
- $3,262
- Other revenue
- $156,648
- Total assets, end of year
- $4,365,684
- Total liabilities, end of year
- $1,961,791
- Net assets or fund balances, end of year
- $2,403,893
- Program services expenses (Part IX)
- $2,486,372
- Management and general expenses
- $733,766
- Fundraising expenses
- $7,013
- Program service expenses (Part III)
- $2,486,372
Program services were 77.0% 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)
$989,933
-
1f · All other contributions, gifts and grants
$1,499,135
-
2a · Program service revenue: PROGRAM REVENUE
total $285,204 · related or exempt $285,204
-
2b · Program service revenue: SERVICE FEES
total $12,041 · related or exempt $12,041
-
2c · Program service revenue: OTHER REVENUE
total $10,939 · related or exempt $10,939
-
3 · Investment income
total $3,262 · related or exempt $3,262
-
6a · Gross rents
real property $79,429
-
6c · Rental income or loss
real property $79,429
-
6d · Net rental income or loss
total $79,429 · related or exempt $79,429
-
8a · Fundraising events: gross income
$109,213
-
8b · Fundraising events: direct expenses
$31,994
-
8c · Net income from fundraising events
total $77,219
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $448,420 · program services $448,420
-
2 · Grants to domestic individuals
total $32,750 · program services $32,750
-
7 · Other salaries and wages
total $508,882 · program services $42,500 · management and general $466,382
-
8 · Pension plan contributions
total $7,260 · management and general $7,260
-
9 · Other employee benefits
total $67,015 · program services $2,826 · management and general $64,189
-
10 · Payroll taxes
total $35,655 · management and general $35,655
-
11b · Fees: legal
total $14,470 · program services $14,470
-
11c · Fees: accounting
total $31,400 · program services $31,400
-
11g · Fees: other
total $1,392,524 · program services $1,354,778 · management and general $37,746
-
12 · Advertising and promotion
total $11,000 · program services $10,052 · management and general $948
-
13 · Office expenses
total $49,001 · program services $25,013 · management and general $23,988
-
14 · Information technology
total $5,790 · management and general $5,790
-
16 · Occupancy
total $64,354 · program services $52,081 · management and general $12,273
-
17 · Travel
total $161,526 · program services $137,210 · management and general $24,316
-
19 · Conferences, conventions and meetings
total $4,235 · program services $4,235
-
20 · Interest
total $22,102 · program services $22,102
-
22 · Depreciation, depletion and amortization
total $55,447 · program services $55,447
-
23 · Insurance
total $48,669 · program services $42,535 · management and general $6,134
-
24a · Other expenses: SUPPLIES
total $112,428 · program services $98,073 · management and general $14,355
-
24b · Other expenses: PROGRAM EXPENSES
total $92,137 · program services $87,317 · fundraising $4,820
-
24c · Other expenses: OTHER EXPENSES
total $30,994 · program services $9,362 · management and general $19,439 · fundraising $2,193
-
24d · Other expenses: STIPENDS
total $15,695 · program services $15,695
-
24e · All other expenses
total $15,397 · program services $106 · management and general $15,291
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,098,500 · end of year $1,906,010
-
3 · Pledges and grants receivable
beginning of year $170,254 · end of year $423,621
-
4 · Accounts receivable
beginning of year $59,711 · end of year $31,731
-
9 · Prepaid expenses and deferred charges
beginning of year $63 · end of year $63
-
10a · Land, buildings and equipment: cost or other basis
$3,060,238
-
10b · Land, buildings and equipment: accumulated depreciation
$1,058,164
-
10c · Land, buildings and equipment, net
beginning of year $2,017,231 · end of year $2,002,074
-
15 · Other assets
end of year $2,185
-
17 · Accounts payable and accrued expenses
beginning of year $20,817 · end of year $265,345
-
19 · Deferred revenue
end of year $1,075,000
-
23 · Secured mortgages and notes payable
beginning of year $208,378 · end of year $219,539
-
24 · Unsecured notes and loans payable
beginning of year $450,395 · end of year $370,510
-
25 · Other liabilities
beginning of year $4,790 · end of year $31,397
-
27 · Net assets without donor restrictions
beginning of year $2,661,379 · end of year $2,403,893
Mission and programs · 2024
Mission
TO FOSTER ECONOMIC AND SOCIAL DEVELOPMENT OF THE ISLANDS OF ST. CROIX AND THROUGHOUT THE UNITED STATES VIRGIN ISLANDS.
Activities or mission (Part I)
TO FOSTER ECONOMIC AND SOCIAL DEVELOPMENT OF TH ISLAND OF ST. CROIX AND THROUGHOUT THE U.S VIRGIN ISLANDS.
-
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.
Expenses $55,815 · Grants $55,000
-
FIDUCIARY-THE FOUNDATION ACTS AS FIDUCIARY IN CONNECTION WITH VARIOUS PROGRAMS AND OTHER SMALLER NONPROFIT ORGANIZATIONS.
Expenses $2,033,701 · Grants $426,170
-
FOUNDATION HOLDINGS OWNS AND REHABILITATES DILAPIDATED PROPERTIES.
Expenses $312,126
-
OTHER PROGRAMS
Expenses $84,730
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mike DunhamMIKE DUNHAM
VICE CHAIRPE
- Total calculated
- $0
- Hours/week
- 2
-
Ronald Belfon EsqRONALD BELFON ESQ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Willard JohnWILLARD JOHN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Shomari MooreheadSHOMARI MOOREHEAD
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Miguel TricocheMIGUEL TRICOCHE
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Gladys Krigger WashingtonGLADYS KRIGGER WASHINGTON
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2
-
Shawn WilliamsSHAWN WILLIAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Deanna JamesDEANNA JAMES
PRESIDENT AN
- Total calculated
- $0
- Hours/week
- 40
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.
Grants on this return
-
VI GOOD FOOD COALITION
$249,273
-
ALLIANCE FOR AGRICULTURE
$154,671
FOOD SECURITY
-
UNIVERSITY OF THE VIRGIN ISLANDS
$17,876
ENVIRONMENT JUSTICE
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202523109349304377
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