VIBT Inc

Address
1246 Queen Cross
Christiansted, VI 00820
Contact
Phone: +1 (340) 514-7017
Nonprofit
NTEE: Q20 - Promotion of International Understanding
EIN: 66-0764933

Mission

To promote growth and development of commerce and industry in the US Virgin Islands
 20152014
Basic features of the organization
Year of formation2014
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel $0.00
Number of employees 0
Number of people compensated >$100k 0
Number of highly compensated contractors 0
Personnel
Sebastiano P Cassinelli
TitlePresidentPresident
Name of key/compensated personSebastiano P CassinelliSebastiano P Cassinelli
Position of compensated person
Current individual trustee or director True
Current officer True
Officer, director, trustee, or key employeeTrue 
Average hours per week working for org 0.00
Reportable compensation from org$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00
Average hours per week working for related orgs 0.00
Watson, James
TitleSecretarySecretary
Name of key/compensated personJames WatsonJames Watson
Position of compensated person
Current individual trustee or director True
Current officer True
Officer, director, trustee, or key employeeTrue 
Average hours per week working for org 0.00
Reportable compensation from org$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00
Average hours per week working for related orgs 0.00
Purpose: mission, activities, & accomplishments
Mission or significant activities To promote growth and development of commerce and industry in the US Virgin Islands
Primary exempt purposeTo promote growth and development of commerce and industry in the US Virgin Islands 
Program service expenses, total$25,000.00$252,783.00
Programs, including revenue & expenses
Get out the vote campaign
Program expenses $12,220.00
Program description Get out the vote campaign
Public polling and awareness campaign of economic issues affecting the territory
Program expenses $196,998.00
Program description Public polling and awareness campaign of economic issues affecting the territory
To inform local leaders about the economic challenges facing the VI territory - specifically to inform leaders about the economic disadvantage of tax benefits to the telecommunication industry and the need for open disclosure
Program expenses $39,500.00
Program description To inform local leaders about the economic challenges facing the VI territory - specifically to inform leaders about the economic disadvantage of tax benefits to the telecommunication industry and the need for open disclosure
Financial data
Revenue
Total revenue$0.00$357,700.00
Revenue from contributions (total)$0.00$357,700.00
Investment income, current yr $0.00
Total revenue from grants, etc., current yr $357,700.00
Total unrelated business revenue $0.00
Other revenue, current yr $0.00
Program service revenue (total)$0.00$0.00
Gross receipts $357,700.00
Sources of contributions
Revenue from all other contributions $357,700.00
Other types of revenue
Royalties (total) $0.00
Miscellaneous revenue (total) $0.00
Net revenue from gaming (total) $0.00
Income from dividends, interest, and similar investments $0.00
Net rental income$0.00$0.00
Net income from fundraising events $0.00
Net inventory sales (total) $0.00
Expense categories (totals)
Total functional expenses: sum of all $283,484.00
Total functional expenses: program service  $252,783.00
Total functional expenses: management and general $30,701.00
Total functional expenses: fundraising $0.00
Fees for services
Lobbying fees (total) $0.00
Legal fees (total) $23,910.00
Fundraising service fees (total) $0.00
General management fees (total) $0.00
Investment management fees (total) $0.00
Assets and liabilities
Total assets$2,966.00$78,461.00
Total assets, beginning of year$78,461.00 
Total liabilities$0.00$4,245.00
Total liabilities, beginning of year$4,245.00 
Pledges & accounts receivable, net $0.00
Loans & receivables from key persons $0.00
Unrestricted net assets, end of yr $74,216.00
Net assets$2,966.00$74,216.00
Intangible assets $0.00
Other assets $0.00
Investments: other securities $0.00
Investments: publicly traded securities $0.00
Cash: non-interest bearing $78,461.00
Investments -- program-related $0.00
Loans and other payables to key persons $4,245.00
Inventories for sale or use $0.00
Other financial variables
Revenue less expenses $74,216.00
Advertising (total) $0.00
Savings & temp cash investment $0.00
Accounts receivable, net $0.00
Prepaid expenses & deferred charges $0.00
Total net assets or fund balances $74,216.00
Depreciation, depletion, amortization $0.00
Payment to affiliates $0.00
Governance and accountability
Number of voting members 2
Number of independent voting members 0
Cash accountingTrueTrue
Tax year start date2015-01-012014-01-01
Tax year end date2015-12-012014-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990EZ990
Reason for form submission
First filing True
Date e-filing submitted2016-10-062016-02-10
IRS schema version2015v2.02014v5.0
Filing identifier201621529349200227201533109349300303
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