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Nonprofiteer
← ST CROIX FOUNDATION FOR COMMUNITY DEVELOPMENT INC

Form 990 for tax year 2022

Filed by ST CROIX FOUNDATION FOR COMMUNITY DEVELOPMENT INC.

Totals

Total revenue
$1,906,147
Total expenses
$3,842,489
Contributions and grants received
$1,522,997
Grants paid
$1,155,748
Program service revenue
$320,145
Investment income
$2,464
Other revenue
$60,541
Total assets, end of year
$3,079,435
Total liabilities, end of year
$701,669
Net assets or fund balances, end of year
$2,377,766
Program services expenses (Part IX)
$3,290,456
Management and general expenses
$549,899
Fundraising expenses
$2,134
Program service expenses (Part III)
$3,290,456

Program services were 85.6% 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)

    $223,169

  • 1f · All other contributions, gifts and grants

    $1,299,828

  • 2a · Program service revenue: PROGRAM REVENUE

    total $186,064 · related or exempt $186,064

  • 2b · Program service revenue: OTHER REVENUE

    total $67,694 · related or exempt $67,694

  • 2c · Program service revenue: SERVICE FEES

    total $66,387 · related or exempt $66,387

  • 3 · Investment income

    total $2,464 · related or exempt $2,464

  • 6a · Gross rents

    real property $60,541

  • 6c · Rental income or loss

    real property $60,541

  • 6d · Net rental income or loss

    total $60,541 · related or exempt $60,541

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,134,868 · program services $1,134,868

  • 2 · Grants to domestic individuals

    total $20,880 · program services $20,880

  • 7 · Other salaries and wages

    total $376,237 · program services $6,446 · management and general $369,791

  • 8 · Pension plan contributions

    total $6,055 · management and general $6,055

  • 9 · Other employee benefits

    total $65,575 · management and general $65,575

  • 10 · Payroll taxes

    total $28,689 · management and general $28,689

  • 11c · Fees: accounting

    total $630 · program services $630

  • 11g · Fees: other

    total $1,310,140 · program services $1,310,140

  • 12 · Advertising and promotion

    total $17,115 · program services $16,945 · management and general $170

  • 13 · Office expenses

    total $25,737 · program services $14,860 · management and general $10,877

  • 16 · Occupancy

    total $106,821 · program services $84,110 · management and general $22,711

  • 17 · Travel

    total $75,812 · program services $72,579 · management and general $3,233

  • 20 · Interest

    total $7,955 · program services $7,955

  • 22 · Depreciation, depletion and amortization

    total $57,925 · program services $57,925

  • 23 · Insurance

    total $20,011 · program services $15,029 · management and general $4,982

  • 24a · Other expenses: PROGRAM EXPENSES

    total $269,147 · program services $269,147

  • 24b · Other expenses: OTHER EXPENSES

    total $203,206 · program services $188,304 · management and general $12,768 · fundraising $2,134

  • 24c · Other expenses: SUPPLIES

    total $90,638 · program services $90,638

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $25,048 · management and general $25,048

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,826,850 · end of year $934,303

  • 4 · Accounts receivable

    beginning of year $30,721 · end of year $127,769

  • 9 · Prepaid expenses and deferred charges

    end of year $63

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

    $2,857,708

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

    $912,490

  • 10c · Land, buildings and equipment, net

    beginning of year $2,095,461 · end of year $1,945,218

  • 15 · Other assets

    beginning of year $182,877 · end of year $72,082

  • 17 · Accounts payable and accrued expenses

    beginning of year $236,622 · end of year $186,275

  • 23 · Secured mortgages and notes payable

    end of year $34,756

  • 24 · Unsecured notes and loans payable

    beginning of year $506,281 · end of year $412,254

  • 25 · Other liabilities

    end of year $68,384

  • 27 · Net assets without donor restrictions

    beginning of year $3,127,552 · end of year -$583,645

  • 28 · Net assets with donor restrictions

    beginning of year $1,265,454 · end of year $2,961,411

Mission and programs · 2022

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 $173,262 · Grants $165,986

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

    Expenses $1,309,701 · Grants $48,072

  • OTHER PROGRAMS: THE FUNDS ARE USED TO SUPPORT COMMUNITY DEVELOPMENT THROUGH VARIOUS ACTIVITIES AND EVENTS.

    Expenses $1,807,493 · Grants $941,690

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

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

  • 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

  • CRUCIAN HERITAGE &NATURE TOURISM

    $100,000

    YOUTH EDUCATION

  • USVI SOCCER ASSOCIATION

    $100,000

    SOCCER ACADEMY

  • THE TEN SLEEPLESS KNIGHTS

    $99,874

    CULTURAL ACADEMY

  • CARIBBEAN MUSEUM CENTER FOR ARTS

    $96,280

    BECOMING LEADERS

  • EDUCATION CONNECTION VI

    $93,978

    YOUTH EDUCATION

  • CLEAN SWEEP FREDERIKSTED

    $82,313

    CAPACITY BUILDING

  • LTRG

    $78,309

    REBUILDING

  • KIDS COUNT

    $71,782

    FUNDING FOR KIDS

  • WORLD OCEAN SCHOOL

    $68,750

    SUMMER AMBASSADOR

  • CRUCIAN HERITAGE AND NATURE TOURISM

    $52,987

    HERITAGE PROGRAM

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

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202303139349302930

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

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