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St Croix Foundation For Community Development

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 660480131 ✦ Christiansted, VI ✦ Designated as a 501(c)(3)

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Overview

What is St Croix Foundation For Community Development?

St. Croix Foundation for Community Development is a nonprofit organization located in Christiansted, Saint Croix, Virgin Islands. Established with a mission to support the economic and social development of the United States Virgin Islands, the foundation offers two primary services: Donor-Advised Funds and Fiscal Sponsorships. The Donor-Advised Funds allow individuals to create charitable funds without specifying beneficiaries, permitting them to actively participate by recommending grants from the funds. Meanwhile, Fiscal Sponsorships aid smaller nonprofits and public/private entities by offering financial administration services and account management. As of now, the foundation employs a team of nine dedicated individuals.


Official website here: www.stxfoundation.org

Is St Croix Foundation For Community Development legitimate?

St Croix Foundation For Community Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Croix Foundation For Community Development submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $376,237

For more financial information, click here


Official website here: www.stxfoundation.org

What is the mission statement of St Croix Foundation For Community Development?

The St. Croix Foundation for Community Development is committed to fostering economic and social development, extending beyond the island of St. Croix and encompassing the United States Virgin Islands as a whole. They achieve this through various means. One of their initiatives includes donor-advised funds, which allow individuals to establish philanthropic funds without specifying particular charities, while still having the opportunity to recommend grants from these funds. Additionally, they offer fiscal sponsorships, supporting smaller nonprofits and public/private entities by providing financial administration services and account management. This organization's goal is to contribute positively to the communities they serve, aiming to promote growth and improve living conditions.


Official website here: www.stxfoundation.org

Who is the CEO of St Croix Foundation For Community Development?

Deanna James is the Vice Chairpe of St Croix Foundation For Community Development.


Official website here: www.stxfoundation.org

What is the revenue of St Croix Foundation For Community Development?

St Croix Foundation For Community Development's revenue in 2022 was $1,906,147.


Official website here: www.stxfoundation.org

Who are the executives of St Croix Foundation For Community Development and what are their salaries?

The average compensation at St Croix Foundation For Community Development during 2022 was $41,804. There are 9 employees at St Croix Foundation For Community Development.


Here are 7 key members and their salaries:


Mike Dunham (Vice Chairpe)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald Belfon Esq (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Willard John (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shomari Moorehead (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Miguel Tricoche (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gladys Krigger Washington (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deanna James (President An)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.stxfoundation.org

Where can I find the form 990 for St Croix Foundation For Community Development?

St Croix Foundation For Community Development's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.stxfoundation.org

Learn more at the official website: www.stxfoundation.org

Mission Statement of St Croix Foundation For Community Development

The St. Croix Foundation for Community Development is dedicated to promoting economic and social development across the islands of St. Croix and throughout the United States Virgin Islands. Through their initiatives, the foundation aims to foster growth and development in various sectors, enabling the communities they serve to thrive. Their donor-advised funds allow individuals to create philanthropic funds without specifying particular charities, while still maintaining an active role in grant-making decisions. Additionally, the foundation offers fiscal sponsorships, providing financial administration services and account management to smaller nonprofits and public/private entities. This assists these organizations in managing their finances effectively, allowing them to focus on their mission and serve their communities more efficiently.

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Impact




October, 2024

St. Croix Foundation For Community Development significantly contributes to the economic and social growth of St. Croix and the broader U.S. Virgin Islands. By facilitating donor-advised funds, it empowers individuals to create personalized philanthropic initiatives while remaining actively engaged in the grant-making process. This model encourages community involvement and tailored support for local causes.

Additionally, the foundation provides fiscal sponsorships, which offer essential financial administration and management services to smaller organizations and public entities. This support enhances the capacity of various initiatives, allowing them to thrive with sound fiscal practices. Overall, the foundation plays a crucial role in fostering a collaborative environment for economic opportunity and social improvement across the islands.




This information is meant to be a general summary of St Croix Foundation For Community Development. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,906,147 (2022)
Expenses
$3,842,489 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,464
  • Program Service Revenue: $320,145
  • Gross Receipts: $1,906,147

Assets and Liabilities:

  • Total Assets: $3,079,435
  • Total Liabilities: $701,669
  • Net Assets: $2,377,766

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM REVENUE

Revenue

$186,064

OTHER REVENUE

Revenue

$67,694

SERVICE FEES

Revenue

$66,387

Organization Details

Founding Year

1990

Principal Officer

Deanna James

Main Address

PO BOX 1128, CHRISTIANSTED, VI, 00821

NTEE Category

Code: T31Z - Philanthropy

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