Civic Intelligence

Chartway Promise Foundation

990 • Fiscal year 2016 • EIN 20-3244422

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

5700 Cleveland Street 101Virginia Beach, VA 23462

(757) 233-7111

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

90th percentile

0.94x

Higher debt load relative to assets than 90% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

84th percentile

0.90x

Higher debt load relative to revenue than 84% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

46th percentile

0.9%

Higher net margin than 46% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

50th percentile

1.3%

Faster asset growth than 50% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

62nd percentile

7.8%

Faster revenue growth than 62% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$818,948

Up $10,202 (+1.3%) from 2015

Net Assets

Up

$49,948

Up $5,202 (+12%) from 2015

Liabilities

Up

$769,000

Up $5,000 (+0.7%) from 2015

Revenue

Up

$855,949

Up $61,932 (+7.8%) from 2015

Expenses

Up

$848,247

Up $68,034 (+8.7%) from 2015

Net Income

Down

$7,702

Down $6,102 (-44%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2010: $272,789Liabilities 2010: $29,872Net Assets 2010: $242,9172010Assets 2011: $223,598Liabilities 2011: $83,442Net Assets 2011: $140,1562011Assets 2012: $449,395Liabilities 2012: $1,172Net Assets 2012: $448,2232012Assets 2013: $83,704Liabilities 2013: $225Net Assets 2013: $83,4792013Assets 2014: $116,333Liabilities 2014: $85,391Net Assets 2014: $30,9422014Assets 2015: $808,746Liabilities 2015: $764,000Net Assets 2015: $44,7462015Assets 2016: $818,948Liabilities 2016: $769,000Net Assets 2016: $49,9482016Assets 2017: $66,205Liabilities 2017: $0Net Assets 2017: $66,2052017Assets 2018: $44,414Liabilities 2018: $0Net Assets 2018: $44,4142018Assets 2019: $142,499Liabilities 2019: $0Net Assets 2019: $142,4992019Assets 2020: $60,433Liabilities 2020: $806Net Assets 2020: $59,6272020Assets 2021: $726,568Liabilities 2021: $659,903Net Assets 2021: $66,6652021Assets 2022: $878,127Liabilities 2022: $770,000Net Assets 2022: $108,1272022Assets 2023: $321,705Liabilities 2023: $111,979Net Assets 2023: $209,7262023Assets 2024: $387,519Liabilities 2024: $84,174Net Assets 2024: $303,3452024

Highlighted filing

2016

Assets$818,948
Liabilities$769,000
Net Assets$49,948

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $401,0822010Expenses 2011: $846,9662011Expenses 2012: $432,3872012Revenue 2013: $847,697Expenses 2013: $1,212,441Net Income 2013: -$364,7442013Revenue 2014: $791,246Expenses 2014: $843,783Net Income 2014: -$52,5372014Revenue 2015: $794,017Expenses 2015: $780,213Net Income 2015: $13,8042015Revenue 2016: $855,949Expenses 2016: $848,247Net Income 2016: $7,7022016Revenue 2017: $836,113Expenses 2017: $808,605Net Income 2017: $27,5082017Revenue 2018: $733,347Expenses 2018: $761,138Net Income 2018: -$27,7912018Revenue 2019: $976,015Expenses 2019: $877,930Net Income 2019: $98,0852019Revenue 2020: $541,900Expenses 2020: $624,772Net Income 2020: -$82,8722020Revenue 2021: $700,259Expenses 2021: $693,221Net Income 2021: $7,0382021Revenue 2022: $898,239Expenses 2022: $856,777Net Income 2022: $41,4622022Revenue 2023: $1,146,778Expenses 2023: $1,043,179Net Income 2023: $103,5992023Revenue 2024: $1,248,513Expenses 2024: $1,137,894Net Income 2024: $110,6192024

Highlighted filing

2016

Revenue$855,949
Expenses$848,247
Net Income$7,702
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$1,012,537
Mission and Program Overview

Mission

We promise to provide life-changing experiences that bring joy, hope and smiles to children facing medical hardship or illness.

To provide grant awards to charitable children's organizations that share our commitment to making dreams come true for children struggling with life-threatening illnesses or severe hardship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$749,372$778,822▲ $29,450
Pledges and Grants Receivable$59,374$40,126▼ $19,248
Total Assets$808,746$818,948▲ $10,202
Liabilities
Accounts Payable and Accrued Expenses$764,000$769,000▲ $5,000
Total Liabilities$764,000$769,000▲ $5,000
Net Assets / Fund Balance
Unrestricted Net Assets$44,746$49,948▲ $5,202
Total Net Assets Fund Balance$44,746$49,948▲ $5,202
Total Liabilities and Net Assets / Fund Balance$808,746$818,948▲ $10,202
Compensation and Service Providers

Board Members and Trustees

NameTitle
Phillip RichardsBoard Chairm
Theresa DelpBoard Sec/tr
Heidi WorkerBoard Vice C
Jen SaundersDirector
Judith SparrowDirector
Rene BollingerDirector
Wayne FoshayDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$621,830
Program Service Revenue
$0
Investment Income
$517
Other Revenue
$233,602
All Other Contributions
$52,455
Change in Net Assets
$7,702
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$819,000
Other Expenses$29,247
Total Fundraising Expense$193
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$819,000--$819,000
Occupancy$21,599--$21,599
Office Expenses-$762$193$955
Other Expenses$697$85-$782
Fees for Services Legal-$475-$475
Fees for Services Other$181--$181
Information Technology-$134-$134
Total Functional Expenses$841,477$6,577$193$848,247
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Make-a-wish-utahMurray, UT501c3General Support$250,000
TOBY'S DREAM FOUNDATIONVirginia Beach, VA501c3General Support$225,000
ChkdNorfolk, VA501c3General Support$100,000
Roc Sold FoundationChesapeake, VA501c3General Support$100,000
Equi-kidsVirginia Beach, VA501c3General Support$50,000
Make-a-wish-texasHouston, TX501c3General Support$50,000
ST MARY'S HOME FOR DISABLED CHILDRENorfolk, VA501c3General Support$27,000
Families of Autistic ChildrenVirginia Beach, VA501c3General Support$12,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$390,190
Fundraising Direct Expenses$156,588
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala/silent Auc$461,164$127,914$11,140$116,774
Golf Classic$280,125$75,875$2,370$73,505
Total Events$914,641$377,141$155,102$222,039
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Form 990 is reviewed by a director before being filed

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
The We Promise Foundation
EIN
20-3244422
Phone
7572337111
Address
5700 CLEVELAND STREET 101, VIRGINIA BEACH, VA 23462

Signing Officer

Name
Phillip Richards
Title
Board Chairman
Phone
7572337111
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phillip Richards
Formed
2005
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
100

Preparer

Firm
A Rohm Smith & Company
Address
11832 ROCK LANDING DR STE 101, NEWPORT NEWS, VA 23606-4277
Preparer
Theresa Rohm CPA
Phone
7572239602
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

To provide assistance to various charities benefiting children.

Raw XML AppendixShowing 400 of 432 raw XML fields

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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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt075875
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt0173352
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0377141
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0222039
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt033132
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt033132
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt013006
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt026516
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt011140
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt02370
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt05
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt08209
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt017246
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt025455
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0100000
IRS990ScheduleI/RecipientTable/CashGrantAmt150000
IRS990ScheduleI/RecipientTable/CashGrantAmt212000
IRS990ScheduleI/RecipientTable/CashGrantAmt350000
IRS990ScheduleI/RecipientTable/CashGrantAmt4250000
IRS990ScheduleI/RecipientTable/CashGrantAmt5100000
IRS990ScheduleI/RecipientTable/CashGrantAmt627000
IRS990ScheduleI/RecipientTable/CashGrantAmt7225000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc7501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CHKD
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1EQUI-KIDS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2FAMILIES OF AUTISTIC CHILDREN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3MAKE-A-WISH-TEXAS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4MAKE-A-WISH-UTAH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5ROC SOLD FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6ST MARY'S HOME FOR DISABLED CHILDRE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7TOBY'S DREAM FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0IN TIDEWATER
IRS990ScheduleI/RecipientTable/RecipientEIN0540506321
IRS990ScheduleI/RecipientTable/RecipientEIN1541693046
IRS990ScheduleI/RecipientTable/RecipientEIN2541824385
IRS990ScheduleI/RecipientTable/RecipientEIN3742392822
IRS990ScheduleI/RecipientTable/RecipientEIN4264082283
IRS990ScheduleI/RecipientTable/RecipientEIN5541868069
IRS990ScheduleI/RecipientTable/RecipientEIN6271409160
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0601 CHILDRENS LANE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt12626 HERITAGE PARK DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2520 VIKING DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt31604 BISSONNET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4771 EAST WINCHESTER
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5333 B STATION HOUSE ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt66171 KEMPSVILLE CIRCLE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt7283 CONSTITUTION DR STE 900
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NORFOLK
IRS990ScheduleI/RecipientTable/USAddress/CityNm1VIRGINIA BEACH
IRS990ScheduleI/RecipientTable/USAddress/CityNm2VIRGINIA BEACH
IRS990ScheduleI/RecipientTable/USAddress/CityNm3HOUSTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm4MURRAY
IRS990ScheduleI/RecipientTable/USAddress/CityNm5CHESAPEAKE
IRS990ScheduleI/RecipientTable/USAddress/CityNm6NORFOLK
IRS990ScheduleI/RecipientTable/USAddress/CityNm7VIRGINIA BEACH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4UT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd023507
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd123456
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd223452
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd377005
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd484107
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd523321
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd623502
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd723462
IRS990ScheduleI/Total501c3OrgCnt08
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE ASSISTANCE TO VARIOUS CHARITIES BENEFITING CHILDREN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY A DIRECTOR BEFORE BEING FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0808746
IRS990/TotalAssetsEOYAmt0818948
IRS990/TotalAssetsGrp/BOYAmt0808746
IRS990/TotalAssetsGrp/EOYAmt0818948
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0621830
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0193
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06577
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0841477
IRS990/TotalFunctionalExpensesGrp/TotalAmt0848247
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0764000
IRS990/TotalLiabilitiesEOYAmt0769000
IRS990/TotalLiabilitiesGrp/BOYAmt0764000
IRS990/TotalLiabilitiesGrp/EOYAmt0769000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt044746
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt049948
IRS990/TotalOtherProgSrvcExpenseAmt021599
IRS990/TotalProgramServiceExpensesAmt0841477
IRS990/TotalRevenueGrp/ExclusionAmt0234119
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0855949
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0808746
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0818948
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt044746
IRS990/UnrestrictedNetAssetsGrp/EOYAmt049948
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05700 CLEVELAND STREET 101
IRS990/USAddress/CityNm0VIRGINIA BEACH
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023462
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.39$0.08$0.30$1.25$1.14$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.32$0.11$0.21$1.15$1.04$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.88$0.77$0.11$0.90$0.86$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.73$0.66$0.07$0.70$0.69$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.54$0.62$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.98$0.88$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.73$0.76$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.84$0.81$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.82$0.77$0.05$0.86$0.85$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.81$0.76$0.04$0.79$0.78$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.12$0.09$0.03$0.79$0.84$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.85$1.21$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.00$0.45$0.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.08$0.14$0.85
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.03$0.24$0.40