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← CAPE CHARLES ROSENWALD SCHOOL RESTORATION INITIATIVE INC

Form 990 for tax year 2024

Filed by CAPE CHARLES ROSENWALD SCHOOL RESTORATION INITIATIVE INC.

Totals

Total revenue
$1,492,082
Total expenses
$50,948
Contributions and grants received
$1,461,928
Grants paid
$0
Program service revenue
$0
Investment income
$23,746
Other revenue
$6,408
Total assets, end of year
$3,759,741
Total liabilities, end of year
$611,108
Net assets or fund balances, end of year
$3,148,633
Program services expenses (Part IX)
$462
Management and general expenses
$46,413
Fundraising expenses
$4,073
Program service expenses (Part III)
$462

Program services were 0.9% 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.

  • 1b · Membership dues

    $1,400

  • 1e · Government grants (contributions)

    $1,227,479

  • 1f · All other contributions, gifts and grants

    $233,049

  • 1g · Noncash contributions included above

    $57,220

  • 3 · Investment income

    total $23,746 · related or exempt $23,746

  • 8a · Fundraising events: gross income

    $6,842

  • 8b · Fundraising events: direct expenses

    $434

  • 8c · Net income from fundraising events

    total $6,408 · excluded $6,408

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $32,236 · management and general $32,236

  • 11f · Fees: investment management

    total $53 · management and general $53

  • 11g · Fees: other

    total $3,121 · management and general $2,426 · fundraising $695

  • 12 · Advertising and promotion

    total $4,405 · program services $462 · management and general $565 · fundraising $3,378

  • 13 · Office expenses

    total $1,026 · management and general $1,026

  • 16 · Occupancy

    total $1,276 · management and general $1,276

  • 23 · Insurance

    total $7,618 · management and general $7,618

  • 24a · Other expenses: REPAIR & MAINTENANCE

    total $720 · management and general $720

  • 24b · Other expenses: TAXES & LICENSES

    total $315 · management and general $315

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $176 · management and general $176

  • 24d · Other expenses: ROUNDING

    total $2 · management and general $2

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $307,809 · end of year $27,079

  • 2 · Savings and temporary cash investments

    beginning of year $102,020 · end of year $690,178

  • 3 · Pledges and grants receivable

    end of year $175,564

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,424

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

    $2,857,876

  • 10c · Land, buildings and equipment, net

    beginning of year $1,359,964 · end of year $2,857,876

  • 11 · Investments: publicly traded securities

    beginning of year $7,633 · end of year $9,044

  • 17 · Accounts payable and accrued expenses

    beginning of year $78,184 · end of year $11,108

  • 22 · Loans and payables to officers and key people

    end of year $600,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,687,791 · end of year $3,148,633

  • 28 · Net assets with donor restrictions

    beginning of year $18,875

Mission and programs · 2024

Mission

CAPE CHARLES ROSENWALD SCHOOL RESTORATION INITIATIVE (CCRSRI), INC. SEEKS TO RESTORE THE HISTORIC CAPE CHARLES ELEMENTARY, A ROSENWALD SCHOOL, IN CAPE CHARLES, VIRGINIA, AS A PLACE WHERE A VIBRANT EASTERN SHORE COMMUNITY GATHERS TO LEARN, PLAY AND PROSPER. THE ORGANIZATION'S MISSION IS UNIFYING AND ENERGIZING VIRGINIA'S EASTERN SHORE THROUGH COMMUNITY PARTNERSHIPS AND OPPORTUNITIES FOR FELLOWSHIP, LIFELONG LEARNING AND ECONOMIC EMPOWERMENT FOR ALL. THE ORGANIZATION WAS FOUNDED IN 2012 AS A NON-STOCK CORPORATION BASED IN VIRGINIA.

  • THE PURPOSE OF THE ORGANIZATION IS AS FOLLOWS: A) TO SERVE AS AN ALLIANCE AND A CATALYST FOR PRESERVATION OF THE HISTORY OF THE CAPE CHARLES ROSENWALD SCHOOL, ITS FACULTY, STAFF & ALUMNI; B) TO ACQUIRE, RESTORE & RENOVATE THE CAPE CHARLES ROSENWALD SCHOOL TO THE POINT THAT IT CAN BE USED FOR THE COMMUNITY GOOD BY CURRENT AND SUCCESSIVE GENERATIONS; C) TO PROVIDE AND SUPPORT HISTORICAL, CULTURAL, & EDUCATIONAL ACTIVITIES RELATED TO THE HISTORY OF THE CAPE CHARLES ROSENWALD SCHOOL, ITS FACULTY, STAFF, ALUMNI, & COMMUNITY; D) TO PROVIDE AND ENCOURAGE RESIDENT ACCESS TO AND PARTICIPATION IN ENTERTAINMENT AND CULTURAL ENRICHMENT ACTIVITIES; E) TO PROMOTE CULTURAL HERITAGE AWARENESS, PRESERVATION, & INVOLVEMENT AMONG RESIDENTS INCLUDING CHILDREN AND YOUTH, IN THE TOWN OF CAPE CHARLES, NORTHAMPTON COUNTY AND THE ENTIRE EASTERN SHORE; F) TO CONDUCT SUCH LAWFUL AFFAIRS CONSISTENT WITH THE ABOVE AND NOT TO BE SPECIFICALLY STATED IN THIS BYLAWS.

    Expenses $462

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

Listed in Part VII

  • Tevya Griffin

    PRESIDENT

    Total calculated
    $0

  • Felton Sessoms

    VICE PRESIDE

    Total calculated
    $0

  • Elizabeth Walker

    ACTING SECRE

    Total calculated
    $0

  • Kim Norris Abod

    TREASURER

    Total calculated
    $0

  • Shirley Galloway

    FINANCIAL SE

    Total calculated
    $0

  • Eyre Baldwin

    BOARD MEMBER

    Total calculated
    $0

  • Charles Bell

    BOARD MEMBER

    Total calculated
    $0

  • Gerald Boyd

    BOARD MEMBER

    Total calculated
    $0

  • Dr Tonja Brickhouse

    BOARD MEMBER

    Total calculated
    $0

  • Dr Cynthia Carter

    BOARD MEMBER

    Total calculated
    $0

  • Dianne Davis

    BOARD MEMBER

    Total calculated
    $0

  • Bishop James Davis Jr

    BOARD MEMBER

    Total calculated
    $0

  • Valentine Evans

    BOARD MEMBER

    Total calculated
    $0

  • Cheryl Fenderson

    BOARD MEMBER

    Total calculated
    $0

  • Mabel Mitchell

    BOARD MEMBER

    Total calculated
    $0

  • Roberta Newman

    BOARD MEMBER

    Total calculated
    $0

  • Mark Usry

    BOARD MEMBER

    Total calculated
    $0

  • Travis Young

    BOARD MEMBER

    Total calculated
    $0

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
16 June 2026
IRS schema version
2024v5.0
Source object
202611679349300521

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