St Croix Foundation For Community Development Inc
- Assets
- $5.1m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Christiansted, VI
- Founding
- 10/1992
- Data as of
- 12/2021
- EIN
- 66-0480131
Organization Overview
St Croix Foundation For Community Development Inc is located in Christiansted, VI. The organization was established in 1992. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, St Croix Foundation For Community Development Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Croix Foundation For Community Development Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, St Croix Foundation For Community Development Inc generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.0% each year . All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 22.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, St Croix Foundation For Community Development Inc has awarded 79 individual grants totaling $2,928,578. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER ECONOMIC AND SOCIAL DEVELOPMENT OF TH ISLAND OF ST. CROIX AND THROUGHOUT THE U.S VIRGIN ISLANDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
FIDUCIARY-THE FOUNDATION ACTS AS FIDUCIARY IN CONNECTION WITH VARIOUS PROGRAMS AND OTHER SMALLER NONPROFIT ORGANIZATIONS.
OTHER PROGRAMS: THE FUNDS ARE USED TO SUPPORT COMMUNITY DEVELOPMENT THROUGH VARIOUS ACTIVITIES AND EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Willard John Chairperson | OfficerTrustee | 2 | $0 |
Mr Mike Dunham Vice Chairpe | OfficerTrustee | 2 | $0 |
Mr Shomari Moorehead Treasurer | OfficerTrustee | 2 | $0 |
Mrs Brenda Pedersen Secretary | OfficerTrustee | 2 | $0 |
Deanne James Executive Di | Officer | 40 | $0 |
Tami Navarro PHD Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Microcha Law Llc Land Purchase | 12/30/20 | $323,381 |
Virgin Islands Paving Inc Paving | 12/30/20 | $470,387 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,642,042 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,099,475 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,741,517 |
| Total Program Service Revenue | $397,731 |
| Investment income | $2,481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$42,890 |
| Net Gain/Loss on Asset Sales | -$4,595 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,094,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $651,404 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $422,333 |
| Pension plan accruals and contributions | $5,869 |
| Other employee benefits | $85,851 |
| Payroll taxes | $31,292 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,051,922 |
| Advertising and promotion | $0 |
| Office expenses | $52,736 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,672 |
| Travel | $7,205 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,738 |
| Interest | $455 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,614 |
| All other expenses | $0 |
| Total functional expenses | $2,852,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,826,850 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,721 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,095,461 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $182,877 |
| Total assets | $5,135,909 |
| Accounts payable and accrued expenses | $236,622 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $506,281 |
| Other liabilities | $0 |
| Total liabilities | $742,903 |
| Net assets without donor restrictions | $3,127,552 |
| Net assets with donor restrictions | $1,265,454 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,135,909 |
Grants Awarded
Over the last fiscal year, St Croix Foundation For Community Development Inc has awarded $636,404 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
KIDS COUNT PURPOSE: COMMUNITY OUTREACH | $160,000 |
LONG TERM RECOVERY GROUP PURPOSE: REBUILDING | $142,824 |
JUNIOR ACHIEVEMENT PURPOSE: EDUCATION | $110,300 |
CHANT PURPOSE: COVID-19 RELIEF | $42,176 |
CARIBBEAN MUSUEM CENTER FOR ARTS PURPOSE: COVID RELIEF | $31,804 |
VI GOOD COALITION PURPOSE: DONOR DEVELOPMENT | $29,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that St Croix Foundation For Community Development Inc has recieved totaling $277,724.
| Awarding Organization | Amount |
|---|---|
Windward Fund Washington, DC PURPOSE: ENVIRONMENTAL PROGRAMS | $225,000 |
Tides Center San Francisco, CA PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $17,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,186 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $38 |
Endowment Analysis
| Beg. Balance | $464,735 |
| Earnings | $2,660 |
| Net Contributions | $19,046 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frederiksted Health Care Inc St Croix, VI | $21,462,956 | $20,093,262 |
St Thomas East End Medical Center Corporation St Thomas, VI | $1,996,505 | $9,089,421 |
Antilles School Inc St Thomas, VI | $18,150,774 | $7,193,439 |
Lutheran Social Services Of The Virgin Islands Inc Frederiksted, VI | $10,436,028 | $7,573,437 |
Community Foundation Of The Virgin Islands Inc St Thomas, VI | $18,108,646 | $4,188,957 |
Good Hope Country Day School Inc Kingshill, VI | $5,932,536 | $5,069,204 |
Virgin Islands Montessori School Inc St Thomas, VI | $10,940,872 | $6,258,599 |
Gifft Hill School Inc St John, VI | $7,446,421 | $3,215,239 |
St Croix Foundation For Community Development Inc Christiansted, VI | $5,135,909 | $4,094,244 |
The Foundation For Te College Of The Virgin Islands Inc St Thomas, VI | $87,725,641 | $3,069,621 |