Civic Intelligence

Cape Eleuthera Foundation Inc

EIN 31-1591503 • 501(c)3 • Philadelphia, PA

Profile

To provide charitable funding support for education, scientific research, community leadership, and sustainable technologies on the island of eleuthera and around the world.

1900 Market Street 8th FloorPhiladelphia, PA 19103

www.capeeleutherafoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

44th percentile

0.13x

Higher debt load relative to assets than 44% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

76th percentile

0.73x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

15th percentile

-14%

Higher net margin than 15% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

7th percentile

-14%

Faster asset growth than 7% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-42%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$23,244,478

Up $6,661,614 (+40%) from 2024

Liabilities

Down

$1,058,338

Down $392,258 (-27%) from 2024

Net Assets

Up

$22,186,140

Up $7,053,872 (+47%) from 2024

Revenue

Up

$8,828,582

Up $5,352,326 (+154%) from 2024

Expenses

Down

$3,419,357

Down $5,329 (-0.2%) from 2024

Net Income

Up

$5,409,225

Up $5,357,655 (+10389%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2013: $8,188,426Liabilities 2013: $28,335Net Assets 2013: $8,160,0912013Assets 2014: $9,928,083Liabilities 2014: $82,172Net Assets 2014: $9,845,9112014Assets 2015: $10,881,496Liabilities 2015: $465,704Net Assets 2015: $10,415,7922015Assets 2016: $11,823,620Liabilities 2016: $144,767Net Assets 2016: $11,678,8532016Assets 2017: $12,468,286Liabilities 2017: $136,315Net Assets 2017: $12,331,9712017Assets 2018: $14,467,728Liabilities 2018: $156,852Net Assets 2018: $14,310,8762018Assets 2019: $16,356,803Liabilities 2019: $2,968,618Net Assets 2019: $13,388,1852019Assets 2020: $15,054,386Liabilities 2020: $1,612,527Net Assets 2020: $13,441,8592020Assets 2021: $17,861,316Liabilities 2021: $2,465,567Net Assets 2021: $15,395,7492021Assets 2022: $15,376,546Liabilities 2022: $1,989,986Net Assets 2022: $13,386,5602022Assets 2023: $15,278,920Liabilities 2023: $2,065,500Net Assets 2023: $13,213,4202023Assets 2024: $16,582,864Liabilities 2024: $1,450,596Net Assets 2024: $15,132,2682024Assets 2025: $23,244,478Liabilities 2025: $1,058,338Net Assets 2025: $22,186,1402025

Highlighted filing

2025

Assets$23,244,478
Liabilities$1,058,338
Net Assets$22,186,140

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2013: $3,045,1862013Revenue 2014: $4,124,171Expenses 2014: $2,526,532Net Income 2014: $1,597,6392014Revenue 2015: $3,764,644Expenses 2015: $2,694,552Net Income 2015: $1,070,0922015Revenue 2016: $3,220,985Expenses 2016: $1,505,813Net Income 2016: $1,715,1722016Revenue 2017: $2,795,594Expenses 2017: $2,795,055Net Income 2017: $5392017Revenue 2018: $5,698,184Expenses 2018: $3,222,950Net Income 2018: $2,475,2342018Revenue 2019: $3,373,932Expenses 2019: $2,240,142Net Income 2019: $1,133,7902019Revenue 2020: $2,787,200Expenses 2020: $2,935,020Net Income 2020: -$147,8202020Revenue 2021: $4,664,843Expenses 2021: $4,703,287Net Income 2021: -$38,4442021Revenue 2022: $2,718,445Expenses 2022: $3,104,276Net Income 2022: -$385,8312022Revenue 2023: $2,573,226Expenses 2023: $3,377,287Net Income 2023: -$804,0612023Revenue 2024: $3,476,256Expenses 2024: $3,424,686Net Income 2024: $51,5702024Revenue 2025: $8,828,582Expenses 2025: $3,419,357Net Income 2025: $5,409,2252025

Highlighted filing

2025

Revenue$8,828,582
Expenses$3,419,357
Net Income$5,409,225

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 10, 2026
Return Version
2024v5.0
Gross Receipts
$8,828,582
Mission and Program Overview

Mission

"the mission of the cape eleuthera foundation is to provide charitable funding support for education, scientific research, community leadhership, and sustainable technologies on the island of eleuthera and throughout the world."

To provide charitable funding support for education, scientific research, community leadership, and sustainable technologies on the island of eleuthera and around the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$13,784,220$15,939,702▲ $2,155,482
Pledges and Grants Receivable$1,178,443$4,708,035▲ $3,529,592
Cash and Non-Interest-Bearing Accounts$1,585,121$2,565,599▲ $980,478
Prepaid Expenses and Deferred Charges$26,735$26,492▼ $243
Total Assets$16,582,864$23,244,478▲ $6,661,614
Other Assets Total$8,345$4,650▼ $3,695
Liabilities
Grants Payable$787,981$631,025▼ $156,956
Other Liabilities$444,075$323,535▼ $120,540
Accounts Payable and Accrued Expenses$218,540$103,778▼ $114,762
Total Liabilities$1,450,596$1,058,338▼ $392,258
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,827,663$17,119,996▲ $3,292,333
Net Assets With Donor Restrictions$1,304,605$5,066,144▲ $3,761,539
Total Net Assets Fund Balance$15,132,268$22,186,140▲ $7,053,872
Total Liabilities and Net Assets / Fund Balance$16,582,864$23,244,478▲ $6,661,614
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Taylor HoffmanExecutive DiFT$122,500$122,500

Board Members and Trustees

NameTitle
Will NystromChair
Dominique KeefeVice Chair
Amy RichardsonBoard Member
Ande FrostBoard Member
Andrew HarrisBoard Member
Benjamin HoneBoard Member
Brian S LeeBoard Member
Carter BrownBoard Member
David TaftBoard Member
Gigi AndersonBoard Member
Jessica BaylorBoard Member
Julie Vasquez UkpongBoard Member
William C CareyBoard Member
Bill BohnsackSecretary
Christopher NorrisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,391,465
Program Service Revenue
$186,989
Investment Income
$250,128
Other Revenue
$0
All Other Contributions
$8,391,465
Change in Net Assets
$5,409,225

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded16$836,283Fair Market Value
Total Noncash Contributions16$836,283-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,828,582
Revenue Not Reported on Form 990
$1,644,647
Total Revenue per Audited Statements
$10,473,229
Total Revenue per Form 990
$8,828,582
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,138,869
Salaries, Compensation, and Employee Benefits$862,485
Total Fundraising Expense$431,692
Other Expenses$418,003
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$2,138,869--$2,138,869
Other Salaries and Wages$221,967$125,784$222,273$570,024
Current Officers, Directors, Trustees, and Key Employees$47,701$27,031$47,767$122,499
Other Employee Benefits$44,236$25,068$44,297$113,601
Fees for Services Other-$99,245$140$99,385
Fees for Services Accounting-$54,529$2,651$57,180
Payroll Taxes$21,947$12,437$21,977$56,361
Occupancy-$31,993-$31,993
Advertising-$4,698$26,325$31,023
Travel-$5,493$23,654$29,147
Insurance-$16,556-$16,556
Conferences and Meetings-$15,046$255$15,301
Fees for Services Legal-$4,312$210$4,522
Office Expenses-$4,269$133$4,402
Other Expenses-$1,765$31,557$1,765
Total Functional Expenses$2,474,720$512,945$431,692$3,419,357

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,419,357
Total Expenses per Audited Statements$3,419,357
Total Expenses per Form 990$3,419,357
International Activity

International Summary

Offices
2
Employees
101
Spending
$2,138,869

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central AmericaProgram ServicesEducational Support1100$2,123,944
Central AmericaProgram ServicesAssistance11$14,925
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due To/from Island School$323,535
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Cape eleuthera foundation has one class of members consisting of the board of directors.

Form 990, Page 6, Part VI, Line 7A

Board members are voted in by a majority vote from the existing board members. Each board member has one vote. The board shall have no less than three members and no more than twenty. Unless otherwise stated, terms for board members are for life.

Form 990, Page 6, Part VI, Line 7B

All governance decisions are made by the board of directors subject to any limitations set forth in the articles of incorporation.

Form 990, Page 6, Part VI, Line 11B

Copies of the form 990 are given to the board of directors to review before submission to the irs.

Form 990, Page 6, Part VI, Line 12C

The board has a conflict of interest policy that requires each board member to disclose a potential conflict at any time. The board member is to abstain from any such vote, and for the board minutes to reflect a record of the action.

Form 990, Page 6, Part VI, Line 19

Upon request, copies of the forms and policies are made available and forwarded in a reasonable amount of time.

Filing and Contact Details

Filer

Filer Name
Cape Eleuthera Foundation Inc
EIN
31-1591503
Phone
8667306624
Address
1900 MARKET STREET 8TH FLOOR, PHILADELPHIA, PA 19103

Signing Officer

Name
Taylor Hoffman
Title
Executive Director
Phone
8667306624
Signed
2026-03-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Taylor Hoffman
Formed
1998
Legal Domicile
Pa
Voting Board Members
16
Independent Board Members
15
Employees
8

Preparer

Firm
Baratz & Associates Pa
Address
4B EVES DR STE 100, MARLTON, NJ 08053
Preparer
Ryan Dowdell CPA
Phone
8569855688
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

Fasb requires financial statement recognition of the impact of a tax position if that position is more likely than not to be sustained on examination, based on the technical merits of the position. The benefit is calculated as the larger amount that is more than 50% likely to be realized upon resolution of the benefit. The foundation has evaluated its tax positions and believes that all could be sustained upon examination. With few exceptions, the foundation is no longer subject to income tax examinations by federal authorities before 2022. The foundation's policy is to record interest and penalties from tax examinations three years after they are filed.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FASB REQUIRES FINANCIAL STATEMENT RECOGNITION OF THE IMPACT OF A TAX POSITION IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON EXAMINATION, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE BENEFIT IS CALCULATED AS THE LARGER AMOUNT THAT IS MORE THAN 50% LIKELY TO BE REALIZED UPON RESOLUTION OF THE BENEFIT. THE FOUNDATION HAS EVALUATED ITS TAX POSITIONS AND BELIEVES THAT ALL COULD BE SUSTAINED UPON EXAMINATION. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL AUTHORITIES BEFORE 2022. THE FOUNDATION'S POLICY IS TO RECORD INTEREST AND PENALTIES FROM TAX EXAMINATIONS THREE YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0CENTRAL AMERICA
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0EDUCATIONAL SUPPORT
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0MAINTENANCE AND OPER
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0CENTRAL AMERICA 2,123,944 0 CENTRAL AMERICA 14,925 0
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1A GRANT PROPOSAL FROM THE RECEIVING ENTITY OR PROGRAM IS REQUIRED IN WRITING. THE GRANT PROPOSAL OUTLINES THE ACTIVITIES PROPOSED, THE GOVERNANCE STRUCTIRE OF THE REQUESTING ORGANIZATION, A BUDGET FOR THE PROPOSED PROGRAM, AND ANY OTHER INFORMATION THAT MAY AID IN THE GRANT PROPOSAL DECISION. CAPE ELEUTHERA FOUNDATION'S BOARD MEETS TWO TIMES A YEAR IN PERSON, AND ONCE OVER THE PHONE, PER YEAR. THEY REVIEW AND AWARD GRANTS, REQUEST ADDITIONAL INFORMATION FROM GRANT PROPOSALS IF REQUIRED, APPROVE MODIFIED GRANT REQUESTS, OR DENY GRANT REQUESTS DEPENDING ON THE CURCUMSTANCES OF EACH GRANT PROPOSAL. UPON BOARD APPROVAL OF A GRANT REQUEST, A SIGNED GRANT ACCEPTANCE LETTER IS REQUIRED PRIOR TO THE DISBURSEMENT OF ANY GRANT FUNDS. THIS LETTER DETAILS THE REQUIREMENTS FOR USE OF THE GRANT AND THE GRANT RECIPIENT'S REPORTING REQUIREMENTS TO THE CAPE ELEUTHERA FOUNDATION. REPORTING ON THE USE OF THE GRANTS IS REQUIRED ANNUALLY TO VERIFY THAT THE FUNDS WERE USED WITHIN THE GRANT PERIOD AND FOR THE PURPOSE APPROVED. ALL GRANT ACTIVITIES OR PURPOSES MUST BE IN ACCORDANCE WITH INTERNAL REVENUE CODE SECTION 170(C)(2)(B). QUARTERLY REPORTING IS REQUIRED DEPENDING ON THE SIZE OF THE GRANT. AN INDEPENDENT FINANCIAL AUDIT FOR MAJOR RECIPIENTS IS ALSO REQUIRED. OFFICERS OR DIRECTORS OF CAPE ELEUTHERA FOUNDATION VISIT PROGRAM SITES OF THE GRANT RECIPIENTS AT LEAST ANNUALLY, BUT OFTEN SEVERAL TIMES PER YEAR. THESE VISITS ARE INTENDED TO CAPTURE THE NATURE AND SCOPE OF ACTIVITIES UNDERWAY TO ENSURE THAT PROGRAMS ARE CONFORMING TO THE MISSION AND REGULARITY REQUIREMENTS RELATED TO THE GRANTS RECEIVED FROM THE FOUNDATION.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PAGE 1, PART I, LINE 3

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