Nonprofit · EIN 23-7025275
LYFORD CAY FOUNDATION INC
Tax-exempt · GREENWICH, CT 06830
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,036,988 | $2,439,883 | $4,597,105 | $39,572,122 | $249,224 | $39,322,898 |
| December 31, 2023 | 990 | $2,952,047 | $2,058,168 | $893,879 | $33,435,159 | $178,023 | $33,257,136 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,367,602
- Program service revenue
- $0
- Investment income
- $3,345,661
- Net gain from sales of assets
- $2,674,905
- Other revenue
- $323,725
Expenses
- Grants and similar amounts paid
- $731,668
- Other salaries and wages
- $758,210
- Salaries, compensation and benefits (total)
- $826,893
- Professional fundraising fees
- $0
- Legal fees
- $14,811
- Accounting fees
- $61,661
- Occupancy
- $48,177
- Program services (functional)
- $1,734,640
- Management and general (functional)
- $375,077
- Fundraising (functional)
- $330,166
Balance sheet and other
- Total assets, start of year
- $33,435,159
- Total assets, end of year
- $39,572,122
- Total liabilities, end of year
- $249,224
- Net assets, end of year
- $39,322,898
- Publicly traded securities
- $32,230,528
- Net assets without donor restrictions
- $36,271,215
- Net assets with donor restrictions
- $3,051,683
- Gross receipts
- $25,746,335
- Employees
- 0
- Volunteers
- 37
- Year formed
- 1969
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR NICOLA VIRGILL-ROLLE PHD | EXECUTIVE DIRECTOR Officer | 50 | $0 | $191,336 |
| MR BASIL P GOULANDRIS | CHAIR Trustee or director, Officer | 7 | $0 | $0 |
| MRS SARAH A FARRINGTON | VICE CHAIR Trustee or director, Officer | 7 | $0 | $0 |
| MRS JUDITH A WHITEHEAD | PRESIDENT Trustee or director, Officer | 7 | $0 | $0 |
| MR JOHN T CRONE IV | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| LADY CAMILLE BARNETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MS SASKIA D'AGUILAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MS ROBIN D'ALESSANDRO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MR JEFFREY A EVERETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MR IAN D FAIR | DIRECTOR Trustee or director | 3 | $0 | $0 |
| MRS JENNIFER FLANAGAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MR PHILIP HILLIER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MRS NANCY KELLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MR MATTHEW MEEHAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MS SUSAN SANFORD | DIRECTOR Trustee or director | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MRS ROBIN SYMONETTE | DIRECTOR Trustee or director | 2 | $0 |
| MRS PATRICIA THOMSON LEONARD | DIRECTOR Trustee or director | 2 | $0 |
| MS WENDY WARREN | DIRECTOR Trustee or director | 2 | $0 |
| MR E PARKER NEAVE | SECRETARY Officer | 5 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MR BASIL P GOULANDRIS | CHAIR Trustee or director, Officer | 7 | $0 |
| MRS SARAH A FARRINGTON | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| MR JEFFREY A EVERETT | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MR JOHN T CRONE IV | TREASURER Trustee or director, Officer | 5 | $0 |
| MR E PARKER NEAVE | SECRETARY Trustee or director, Officer | 5 | $0 |
| LADY CAMILLE BARNETT | DIRECTOR Trustee or director | 1 | $0 |
| MS SASKIA D'AGUILAR | DIRECTOR Trustee or director | 1 | $0 |
| ROBIN D'ALESSANDRO | DIRECTOR Trustee or director | 1 | $0 |
| MR IAN D FAIR | DIRECTOR Trustee or director | 3 | $0 |
| MRS JENNIFER FLANAGAN | DIRECTOR Trustee or director | 1 | $0 |
| MR PHILIP HILLIER | DIRECTOR Trustee or director | 1 | $0 |
| MRS LYNN HOLOWESKO CBE JP | DIRECTOR THROUGH 6/2023 Trustee or director | 1 | $0 |
| MRS NANCY KELLY | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN SANFORD | DIRECTOR Trustee or director | 1 | $0 |
| ROBIN SYMONETTE | DIRECTOR Trustee or director | 2 | $0 |
| MRS PATRICIA THOMSON LEONARD | DIRECTOR Trustee or director | 2 | $0 |
| MS WENDY WARREN | DIRECTOR Trustee or director | 2 | $0 |
| MRS JUDITH A WHITEHEAD | DIRECTOR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 31 BROOKSIDE DR, GREENWICH, CT 06830-6422
- In care of
- % PUTNEY TWOMBLY HALL & HIRSON
- Principal officer (990 for 2024)
- BASIL P GOULANDRIS, 31 BROOKSIDE DRIVE, GREENWICH, CT 06836
- Signed the 990
- BASIL P GOULANDRIS, CHAIR
- Phone
- (242) 362-4910
- Website
- WWW.LYFORDCAYFOUNDATIONS.ORG
- Return prepared by
- DELOITTE TAX LLP
Mission
SEE SCHEDULE O.
Program accomplishments
- THE FOUNDATION PROVIDES ACADEMIC AND TECHNICAL TRAINING & VOCATIONAL SCHOLARSHIPS FOR DESERVING BAHAMIAN STUDENTS ATTENDING COLLEGES, UNIVERSITIES AND OTHER EDUCATIONAL INSTITUTIONS INTERNATIONALLY. FOR THE FISCAL YEAR 2024, FORTY-FOUR (44) SCHOLARSHIPS WERE GRANTED TO FORTY (40) INSTITUTIONS, TOTALING $631,168.Expenses $721,455 · grants $631,168
- THE FOUNDATION PROVIDES GRANTS TO NOT-FOR-PROFIT ORGANIZATIONS THAT SEEK TO IMPROVE THE GENERAL EDUCATION, HEALTH AND WELFARE OF THE COMMUNITIES THAT THEY SERVE. IN 2024, GRANTS WERE MADE TO TWENTY (20) ORGANIZATIONS, TOTALING $100,500.Expenses $193,417 · grants $100,500
- THE FOUNDATION PROVIDES AN EDUCATION INITIATIVE, F.O.C.U.S., WHICH IS AN EIGHT-YEAR SCHOOL ENRICHMENT PROGRAMME DESIGNED TO SET UNDER-RESOURCED STUDENTS ON A PATH TO COLLEGE AND CAREER SUCCESS THROUGH WEEKEND AND SUMMER CLASSES. IN 2024, THE PROGRAMME HOSTED TWO HUNDRED FORTY-TWO (242) STUDENTS, FOR A TOTAL COST OF $632,071.Expenses $632,071
- SPECIAL PROJECTS AND VOLUNTEER PROGRAMMEExpenses $187,697
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7025275
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T900)
- Assets (IRS master file)
- $39,572,122
- Income (IRS master file)
- $25,746,335
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,036,988 | $2,439,883 | $39,572,122 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $2,952,047 | $2,058,168 | $33,435,159 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $2,743,511 | $2,631,347 | $30,327,131 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7025275).
Questions about LYFORD CAY FOUNDATION INC
- What is the EIN of LYFORD CAY FOUNDATION INC?
- The employer identification number (EIN) of LYFORD CAY FOUNDATION INC is 23-7025275.
- Is LYFORD CAY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to LYFORD CAY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LYFORD CAY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LYFORD CAY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LYFORD CAY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LYFORD CAY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names BASIL P GOULANDRIS.
- Who are the officers and directors of LYFORD CAY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 0 received compensation from the organization.
- How much revenue does LYFORD CAY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,036,988, expenses of $2,439,883 and total assets of $39,572,122 at year end.
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