← CAPE CHARLES ROSENWALD SCHOOL RESTORATION INITIATIVE INC

Form 990 for tax year 2023

Filed by CAPE CHARLES ROSENWALD SCHOOL RESTORATION INITIATIVE INC.

Totals

Total revenue: $217,255
Total expenses: $34,559
Contributions and grants received: $199,942
Grants paid: $0
Program service revenue: $0
Investment income: $8,976
Other revenue: $8,337
Total assets, end of year: $1,784,850
Total liabilities, end of year: $78,184
Net assets or fund balances, end of year: $1,706,666
Program services expenses (Part IX): $559
Management and general expenses: $26,770
Fundraising expenses: $7,230
Program service expenses (Part III): $559

Program services were 1.6% 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.

1b · Membership dues

$1,250
1e · Government grants (contributions)

$39,897
1f · All other contributions, gifts and grants

$158,795
1g · Noncash contributions included above

$41,324
3 · Investment income

total $8,976 · related or exempt $8,976
8a · Fundraising events: gross income

$8,337
8c · Net income from fundraising events

total $8,337 · excluded $8,337

Functional expenses

Part IX, the statement of functional expenses.

11b · Fees: legal

total $8,640 · management and general $8,640
11c · Fees: accounting

total $9,000 · management and general $9,000
11f · Fees: investment management

total $37 · management and general $37
12 · Advertising and promotion

total $7,484 · program services $559 · fundraising $6,925
13 · Office expenses

total $837 · management and general $837
16 · Occupancy

total $404 · management and general $404
19 · Conferences, conventions and meetings

total $1,698 · management and general $1,698
23 · Insurance

total $4,707 · management and general $4,707
24a · Other expenses: REPAIR & MAINTENANCE

total $925 · management and general $925
24b · Other expenses: BANK CHARGES

total $428 · management and general $123 · fundraising $305
24c · Other expenses: TAXES & LICENSES

total $225 · management and general $225
24d · Other expenses: DUES & SUBSCRIPTIONS

total $176 · management and general $176
24e · All other expenses

total -$2 · management and general -$2

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $509,305 · end of year $307,809
2 · Savings and temporary cash investments

beginning of year $355 · end of year $102,020
9 · Prepaid expenses and deferred charges

end of year $7,424
10a · Land, buildings and equipment: cost or other basis

$1,359,964
10c · Land, buildings and equipment, net

beginning of year $1,008,830 · end of year $1,359,964
11 · Investments: publicly traded securities

beginning of year $6,620 · end of year $7,633
17 · Accounts payable and accrued expenses

beginning of year $1,140 · end of year $78,184
27 · Net assets without donor restrictions

beginning of year $1,523,970 · end of year $1,687,791
28 · Net assets with donor restrictions

end of year $18,875

Mission and programs · 2023

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 $559

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Tevya GriffinTEVYA GRIFFIN

PRESIDENT

Total calculated

$0
Felton SessomsFELTON SESSOMS

VICE PRESIDE

Total calculated

$0
Kim Norris AbodKIM NORRIS ABOD

TREASURER

Total calculated

$0
Shirley GallowaySHIRLEY GALLOWAY

FINANCIAL SE

Total calculated

$0
Cheryl FendersonCHERYL FENDERSON

SECRETARY

Total calculated

$0
Elizabeth WalkerELIZABETH WALKER

ASSISTANT SE

Total calculated

$0
Eyre BaldwinEYRE BALDWIN

BOARD MEMBER

Total calculated

$0
Charles BellCHARLES BELL

BOARD MEMBER

Total calculated

$0
Gerald BoydGERALD BOYD

BOARD MEMBER

Total calculated

$0
Dr Tonja BrickhouseDR TONJA BRICKHOUSE

BOARD MEMBER

Total calculated

$0
Bishop James Davis JrBISHOP JAMES DAVIS JR

BOARD MEMBER

Total calculated

$0
Valentine EvansVALENTINE EVANS

BOARD MEMBER

Total calculated

$0
Dr Cynthia CarterDR CYNTHIA CARTER

BOARD MEMBER

Total calculated

$0
Dianne DavisDIANNE DAVIS

BOARD MEMBER

Total calculated

$0
Mabel MitchellMABEL MITCHELL

BOARD MEMBER

Total calculated

$0
Roberta NewmanROBERTA NEWMAN

BOARD MEMBER

Total calculated

$0
Mark UsryMARK USRY

BOARD MEMBER

Total calculated

$0
Dr Joseph WalterDR JOSEPH WALTER

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: 2023
Filed: 16 January 2025
IRS schema version: 2023v6.0
Source object: 202530169349300048

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