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Cape Charles Rosenwald School Restoration Initiative Inc

EIN 27-4056712 · Cape Charles, VA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood81 out of 100GovernanceWeak41 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • It reported loans to or from officers, directors or other insiders.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

CAPE CHARLES ROSENWALD SCHOOL RESTORATION INITIATIVE (CCRSRI), INC. SEEKS TO RESTORE THE HISTORIC CAPE CHARLES ELEMENTARY, A ROSENWALD SCHOOL, IN CAPE CHARLES, VIRGINIA, AS A PLACE WHERE A VIBRANT EASTERN SHORE COMMUNITY GATHERS TO LEARN, PLAY AND PROSPER. THE ORGANIZATION'S MISSION IS UNIFYING AND ENERGIZING VIRGINIA'S EASTERN SHORE THROUGH COMMUNITY PARTNERSHIPS AND OPPORTUNITIES FOR FELLOWSHIP, LIFELONG LEARNING AND ECONOMIC EMPOWERMENT FOR ALL. THE ORGANIZATION WAS FOUNDED IN 2012 AS A NON-STOCK CORPORATION BASED IN VIRGINIA.

Income
$1.5 million
Spending
$50,948
Spent on programs
1%
Reserves
68.5 months of spending
Largest source of income
government grants, 82%
Employees
0
Volunteers
30

Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 81 out of 100. Higher than 63% of charities in its peer group (arts and culture, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 68.5 months of spending.

  • Debt

    16 of 20

    It owes 16% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 97% of income.

  • Income trend

    15 of 15

    Income rose 587% on the year before.

  • Spending floor

    0 of 15

    1% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 41 out of 100. Higher than 4% of charities in its peer group (arts and culture, $1m to $10m).

  • Independent board

    25 of 25

    18 of 18 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    9 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • No reported misuse

    0 of 10

    Reports at least one of: diversion of assets, excess benefits, loans to insiders.

Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $462 spent. THE PURPOSE OF THE ORGANIZATION IS AS FOLLOWS: A) TO SERVE AS AN ALLIANCE AND A CATALYST FOR PRESERVATION OF THE HISTORY OF THE CAPE CHARLES ROSENWALD SCHOOL, ITS FACULTY, STAFF & ALUMNI; B) TO ACQUIRE, RESTORE & RENOVATE THE CAPE CHARLES ROSENWALD SCHOOL TO THE POINT THAT IT CAN BE USED FOR THE COMMUNITY GOOD BY CURRENT AND SUCCESSIVE GENERATIONS; C) TO PROVIDE AND SUPPORT HISTORICAL, CULTURAL, & EDUCATIONAL ACTIVITIES RELATED TO THE HISTORY OF THE CAPE CHARLES ROSENWALD SCHOOL, ITS FACULTY, STAFF, ALUMNI, & COMMUNITY; D) TO PROVIDE AND ENCOURAGE RESIDENT ACCESS TO AND PARTICIPATION IN ENTERTAINMENT AND CULTURAL ENRICHMENT ACTIVITIES; E) TO PROMOTE CULTURAL HERITAGE AWARENESS, PRESERVATION, & INVOLVEMENT AMONG RESIDENTS INCLUDING CHILDREN AND YOUTH, IN THE TOWN OF CAPE CHARLES, NORTHAMPTON COUNTY AND THE ENTIRE EASTERN SHORE; F) TO CONDUCT SUCH LAWFUL AFFAIRS CONSISTENT WITH THE ABOVE AND NOT TO BE SPECIFICALLY STATED IN THIS BYLAWS. THE PURPOSE OF THE ORGANIZATION IS AS FOLLOWS: A) TO SERVE AS AN ALLIANCE AND A CATALYST FOR PRESERVATION OF THE HISTORY OF THE CAPE CHARLES ROSENWALD SCHOOL, ITS FACULTY, STAFF & ALUMNI; B) TO ACQUIRE, RESTORE & RENOVATE THE CAPE CHARLES ROSENWALD SCHOOL TO THE POINT THAT IT CAN BE USED FOR THE COMMUNITY GOOD BY CURRENT AND SUCCESSIVE GENERATIONS; C) TO PROVIDE AND SUPPORT HISTORICAL, CULTURAL, & EDUCATIONAL ACTIVITIES RELATED TO THE HISTORY OF THE CAPE CHARLES ROSENWALD SCHOOL, ITS FACULTY, STAFF, ALUMNI, & COMMUNITY; D) TO PROVIDE AND ENCOURAGE RESIDENT ACCESS TO AND PARTICIPATION IN ENTERTAINMENT AND CULTURAL ENRICHMENT ACTIVITIES; E) TO PROMOTE CULTURAL HERITAGE AWARENESS, PRESERVATION, & INVOLVEMENT AMONG RESIDENTS INCLUDING CHILDREN AND YOUTH, IN THE TOWN OF CAPE CHARLES, NORTHAMPTON COUNTY AND THE ENTIRE EASTERN SHORE; F) TO CONDUCT SUCH LAWFUL AFFAIRS CONSISTENT WITH THE ABOVE AND NOT TO BE SPECIFICALLY STATED IN THIS BYLAWS.

Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Worth knowing.

    Status was revoked on December 15, 2015 for not filing returns for three years, and reinstated on December 15, 2015.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending July 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 2017.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.