Skip to content
Nonprofiteer
← ST CROIX FOUNDATION FOR COMMUNITY DEVELOPMENT INC

Form 990 for tax year 2023

Filed by ST CROIX FOUNDATION FOR COMMUNITY DEVELOPMENT INC.

Totals

Total revenue
$2,672,132
Total expenses
$2,412,575
Contributions and grants received
$2,242,415
Grants paid
$161,277
Program service revenue
$370,438
Investment income
$6,068
Other revenue
$53,211
Total assets, end of year
$3,345,759
Total liabilities, end of year
$684,380
Net assets or fund balances, end of year
$2,661,379
Program services expenses (Part IX)
$1,611,463
Management and general expenses
$801,112
Fundraising expenses
$0
Program service expenses (Part III)
$1,611,463

Program services were 66.8% 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)

    $567,658

  • 1f · All other contributions, gifts and grants

    $1,674,757

  • 2a · Program service revenue: OTHER REVENUE

    total $171,496 · related or exempt $171,496

  • 2b · Program service revenue: SERVICE FEES

    total $118,716 · related or exempt $118,716

  • 2c · Program service revenue: PROGRAM REVENUE

    total $80,226 · related or exempt $80,226

  • 3 · Investment income

    total $6,068 · related or exempt $6,068

  • 6a · Gross rents

    real property $53,211

  • 6c · Rental income or loss

    real property $53,211

  • 6d · Net rental income or loss

    total $53,211 · related or exempt $53,211

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $120,517 · program services $120,517

  • 2 · Grants to domestic individuals

    total $40,760 · program services $40,760

  • 7 · Other salaries and wages

    total $352,117 · program services $29,000 · management and general $323,117

  • 8 · Pension plan contributions

    total $5,596 · management and general $5,596

  • 9 · Other employee benefits

    total $47,036 · management and general $47,036

  • 10 · Payroll taxes

    total $25,052 · management and general $25,052

  • 11b · Fees: legal

    total $17,290 · program services $17,290

  • 11c · Fees: accounting

    total $31,737 · program services $737 · management and general $31,000

  • 11g · Fees: other

    total $1,189,954 · program services $992,076 · management and general $197,878

  • 12 · Advertising and promotion

    total $9,457 · program services $9,457

  • 13 · Office expenses

    total $34,745 · management and general $34,745

  • 16 · Occupancy

    total $46,785 · program services $29,316 · management and general $17,469

  • 17 · Travel

    total $88,082 · program services $60,248 · management and general $27,834

  • 19 · Conferences, conventions and meetings

    total $210 · program services $210

  • 20 · Interest

    total $14,633 · program services $14,633

  • 23 · Insurance

    total $41,434 · program services $34,944 · management and general $6,490

  • 24a · Other expenses: EVENT EXPENSES

    total $86,220 · program services $52,750 · management and general $33,470

  • 24b · Other expenses: SUPPLIES

    total $66,539 · program services $38,766 · management and general $27,773

  • 24c · Other expenses

    total $56,647 · program services $56,647

  • 24d · Other expenses: PROGRAM EXPENSES

    total $56,207 · program services $56,207

  • 24e · All other expenses

    total $81,557 · program services $57,905 · management and general $23,652

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $934,303 · end of year $1,098,500

  • 3 · Pledges and grants receivable

    end of year $170,254

  • 4 · Accounts receivable

    beginning of year $127,769 · end of year $59,711

  • 9 · Prepaid expenses and deferred charges

    beginning of year $63 · end of year $63

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

    $2,990,576

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

    $973,345

  • 10c · Land, buildings and equipment, net

    beginning of year $1,945,218 · end of year $2,017,231

  • 15 · Other assets

    beginning of year $72,082

  • 17 · Accounts payable and accrued expenses

    beginning of year $186,275 · end of year $20,817

  • 23 · Secured mortgages and notes payable

    beginning of year $34,756 · end of year $208,378

  • 24 · Unsecured notes and loans payable

    beginning of year $412,254 · end of year $450,395

  • 25 · Other liabilities

    beginning of year $68,384 · end of year $4,790

  • 27 · Net assets without donor restrictions

    beginning of year -$583,645 · end of year $2,661,379

  • 28 · Net assets with donor restrictions

    beginning of year $2,961,411

Mission and programs · 2023

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 $99,485 · Grants $49,600

  • FIDUCIARY-THE FOUNDATION ACTS AS FIDUCIARY IN CONNECTION WITH VARIOUS PROGRAMS AND OTHER SMALLER NONPROFIT ORGANIZATIONS.

    Expenses $1,174,945 · Grants $111,677

  • FOUNDATION HOLDINGS OWNS AND REHABILITATES DILAPIDATED PROPERTIES.

    Expenses $337,033

As filed on the 2023 return.

Listed in Part VII

  • Mike Dunham

    VICE CHAIRPE

    Total calculated
    $0
    Hours/week
    2

  • Ronald Belfon Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Willard John

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Shomari Moorehead

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Miguel Tricoche

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Gladys Krigger Washington

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Shawn Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Deanna 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

  • VIRGIN ISLANDS MUSEUM CIVIC AND CULTURAL CENTER

    $83,580

    PROGRAM

  • VI ARCHITECTURE CENTER FOR BUILT HERITAGE AND CRAFTS

    $10,408

    PROGRAM

  • SEJAH FARM OF THE VI

    $10,000

    AGRICULTURE LEARNING

  • THE CROIX SICENCE TEACHERS ASSOCIATION

    $8,000

    OUTDOOR LIVING

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202443199349316494

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.