Financials

We believe our donors deserve to know how their support is used. Cape Ivy is a Virginia-registered nonprofit corporation exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. Our yearly tax forms are readily available online and are provided below.

The expenses of the organization primarily consist of manufacturing and shipping ponchos. These components account for approximately 95% of the organization’s expenses.

Cape Ivy implements several strategies to maintain low overhead costs. First, the organization operates entirely with volunteers, eliminating the need for paid staff. Second, we forgo the use of paid consultants, utilizing the expertise of dedicated volunteers and university student consultants.  Our Social Media channels are run by students, giving them valuable experience. Finally, Cape Ivy avoids rental and utility expenses by utilizing the homes of the co-founders. These measures enable Cape Ivy to allocate a larger portion of its funds towards its core mission and initiatives.

The mission of Cape Ivy is possible due to the commitment and support of our donors, co-founders, Board members, business sponsors, private foundations and grants.