Civic Intelligence

Chestnut Hill Community Fund

990 • Fiscal year 2016 • EIN 23-7182955

Apr 01, 2015 to Mar 31, 2016 • Filed on Feb 14, 2017

8434 Germantown AvenuePhiladelphia, PA 19118

(215) 248-8810

Siviq Scores

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

Liabilities / Assets

37th percentile

0.04x

Higher debt load relative to assets than 37% of similar nonprofits.

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

Liabilities / Revenue

63rd percentile

0.21x

Higher debt load relative to revenue than 63% of similar nonprofits.

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

Net Margin

5th percentile

-65%

Higher net margin than 5% 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

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Assets

Up

$1,215,783

Up $157,403 (+15%) from 2012

Net Assets

Up

$1,170,597

Up $121,008 (+12%) from 2012

Liabilities

Up

$45,186

Up $36,395 (+414%) from 2012

Revenue

$213,390

No earlier filing loaded for comparison.

Expenses

Up

$351,993

Up $177,788 (+102%) from 2012

Net Income

-$138,603

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $1,058,380Liabilities 2012: $8,791Net Assets 2012: $1,049,5892012Assets 2016: $1,215,783Liabilities 2016: $45,186Net Assets 2016: $1,170,5972016Assets 2017: $1,140,233Liabilities 2017: $32,142Net Assets 2017: $1,108,0912017Assets 2019: $1,243,461Liabilities 2019: $46,765Net Assets 2019: $1,196,6962019Assets 2020: $1,199,163Liabilities 2020: $48,543Net Assets 2020: $1,150,6202020Assets 2021: $1,461,622Liabilities 2021: $78,063Net Assets 2021: $1,383,5592021Assets 2022: $1,380,506Liabilities 2022: $17,478Net Assets 2022: $1,363,0282022Assets 2025: $1,429,340Liabilities 2025: $30,937Net Assets 2025: $1,398,4032025

Highlighted filing

2016

Assets$1,215,783
Liabilities$45,186
Net Assets$1,170,597

Operations Trend

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

$400K$200K$0-$200KExpenses 2012: $174,2052012Revenue 2016: $213,390Expenses 2016: $351,993Net Income 2016: -$138,6032016Revenue 2017: $52,655Expenses 2017: $179,950Net Income 2017: -$127,2952017Revenue 2019: $97,435Expenses 2019: $75,773Net Income 2019: $21,6622019Revenue 2020: $88,175Expenses 2020: $59,201Net Income 2020: $28,9742020Revenue 2021: $112,094Expenses 2021: $136,067Net Income 2021: -$23,9732021Revenue 2022: $90,881Expenses 2022: $139,160Net Income 2022: -$48,2792022Revenue 2025: $247,631Expenses 2025: $322,292Net Income 2025: -$74,6612025

Highlighted filing

2016

Revenue$213,390
Expenses$351,993
Net Income-$138,603
Jump To
Filing Snapshot
Filing Period
Apr 1, 2015 to Mar 31, 2016
Signed
Feb 14, 2017
Return Version
2015v3.0
Gross Receipts
$340,891
Mission and Program Overview

Mission

The sole purpose of the organization is to assist in the improvement of the quality of life within the chestnut hill section of philadelphia, pennsylvania.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$721,209$688,785▼ $32,424
Land, Buildings, and Equipment, Net$186,936$242,940▲ $56,004
Savings and Temporary Cash Investments$301,303$209,190▼ $92,113
Cash and Non-Interest-Bearing Accounts$65,063$51,223▼ $13,840
Pledges and Grants Receivable$63,500$13,257▼ $50,243
Prepaid Expenses and Deferred Charges$14,921$10,388▼ $4,533
Total Assets$1,352,932$1,215,783▼ $137,149
Liabilities
Other Liabilities$32,950$28,386▼ $4,564
Accounts Payable and Accrued Expenses$7,328$16,800▲ $9,472
Total Liabilities$40,278$45,186▲ $4,908
Net Assets / Fund Balance
Unrestricted Net Assets$932,309$935,687▲ $3,378
Temporarily Rstr Net Assets$329,923$186,910▼ $143,013
Permanently Rstr Net Assets$50,422$48,000▼ $2,422
Total Net Assets Fund Balance$1,312,654$1,170,597▼ $142,057
Total Liabilities and Net Assets / Fund Balance$1,352,932$1,215,783▼ $137,149

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$242,486$107,231$349,717
Buildings$0$184,629$184,629
Equipment$454$14,803$15,257

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$688,952-▲ $199-$686,530
2014$688,998-▲ $2,299-$688,952
2013$687,368-▲ $3,630-$688,998
2012$46,275$638,530▲ $2,563-$687,368
2011$46,408-▲ $1,867-$46,275
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charles MarionPresident
Ellen WilliamsVice President
Andrew GlendinningTrustee
Susan Bray Md MbeTrustee
Alexander NalleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$153,742
Program Service Revenue
$0
Investment Income
$9,371
Other Revenue
$50,277
All Other Contributions
$153,742
Change in Net Assets
$-138,603

Audited Revenue Reconciliation

Revenue per Audited Statements
$267,309
Revenue Not Reported on Financial Statements
$-53,919
Revenue Not Reported on Form 990
$-3,454
Other Revenue Adjustments
$-53,919
Total Revenue per Audited Statements
$263,855
Total Revenue per Form 990
$213,390
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$284,485
Other Expenses$67,508
Total Fundraising Expense$6,036
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$284,485--$284,485
Fees for Services Management-$16,743-$16,743
Fees for Services Accounting-$14,650-$14,650
Office Expenses-$3,051-$3,051
Other Expenses-$2,854$6,036$2,854
Fees for Service Investment Mgmnt Fees-$1,575-$1,575
Total Functional Expenses$284,485$61,472$6,036$351,993

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$405,912
Expenses per Audited Statements$351,993
Total Expenses per Form 990$351,993
Expenses Not Reported on Form 990$53,919
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Chestnut Hill Community AssociationPhiladelphia, PA501(c)3To Improve the Quality of Life in the Chestnut Hill Area$24,615
Chestnut Hill Center for EnrichmentPhiladelphia, PA501(c)3To Provide General Operating Support for the Classes, Workshops, Trips, Services, and Other Activities Offered to Residents Over 50 Years Old in the Chestnut Hill and Neighboring Communitities.$12,500
Teenagers IncPhiladelphia, PA-To Provide General Operating Support to Offer a Variety of Social, Service, and Leadership Programs for Young People Ages 12-18 Years in the Chestnut Hill and Neighboring Communities.$12,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$26,449
Due to Affiliate$1,937
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

The trustees are divided into three classes, each as equal in number as possible, whose terms of office expire successively each year, so that one new class of trustees shall be elected each year, the trustees elected each year (unless elected to fill a vacancy) to serve for a term of three years and until their successors are elected and qualified. Each new class of trustees shall be elected by the board of directors of the association at its first regular meeting after the annual meeting of the members of the association.

Form 990, Part VI, Section B, Line 11

Form 990 will be reviewed by the trustees before the form is filed.

Form 990, Part VI, Section B, Line 12C

The organization regularly and consistently monitors and enforces compliance with the policy by an annual disclosure form which is signed by all trustees and members of any committees with governing board delegated powers.

Form 990, Part VI, Section C, Line 19

The fund makes its financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Chestnut Hill Community Fund
EIN
23-7182955
Phone
2152488810
Address
8434 GERMANTOWN AVENUE, PHILADELPHIA, PA 19118

Signing Officer

Name
Charles Marion
Title
President
Phone
2152488810
Signed
2017-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Marion
Formed
1972
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
10

Preparer

Firm
St Clair Cpas Pc
Address
101 W ELM STREET STE 500, CONSHOHOCKEN, PA 19428
Preparer
Alan B Gubernick CPA
Phone
6108621998
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

Form 990, part xii line 2c: the process has not changed from the prior year and the fund still assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant.

Financial Statement Notes

PART V, LINE 4:

The purpose of the endowment funds are to improve the quality of life, primarily within the area commonly known as chestnut hill.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

RENTAL EXPENSES -53,919.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

RENTAL EXPENSES 53,919.

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IRS990ScheduleA/InvestmentIncomePYPct00.09720
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.88940
IRS990ScheduleA/PublicSupportPY509Pct00.88780
IRS990ScheduleA/PublicSupportTotal509Amt0767155
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt01025
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt02375
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt04000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt02450
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt02250
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt012100
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0153742
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0181060
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0172646
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0125675
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0146132
IRS990ScheduleA/Total509Grp/TotalAmt0779255
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0168889
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0197404
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0189760
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0143249
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0163223
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0862525
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.92660
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0184629
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0184629
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt02621
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0688952
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0686530
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0199
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt02345
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0688998
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0688952
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02299
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt02000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0687368
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0688998
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03630
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt046275
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0638530
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0687368
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02563
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt02000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt046408
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt046275
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01867
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0454
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014803
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015257
IRS990ScheduleD/ExpensesNotReportedAmt053919
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0351993
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0242486
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0107231
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0349717
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-3454
IRS990ScheduleD/OtherExpensesIncludedAmt053919
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026449
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11937
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATE
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-53919
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.07340
IRS990ScheduleD/RevenueNotReportedAmt0-3454
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-53919
IRS990ScheduleD/RevenueSubtotalAmt0267309
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE OF THE ENDOWMENT FUNDS ARE TO IMPROVE THE QUALITY OF LIFE, PRIMARILY WITHIN THE AREA COMMONLY KNOWN AS CHESTNUT HILL.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES -53,919.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES 53,919.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0242940
IRS990ScheduleD/TotalExpensesPerForm990Amt0351993
IRS990ScheduleD/TotalLiabilityAmt028386
IRS990ScheduleD/TotalRevenuePerForm990Amt0213390
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0263855
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0405912
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt024615
IRS990ScheduleI/RecipientTable/CashGrantAmt112500
IRS990ScheduleI/RecipientTable/CashGrantAmt212500
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)3
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0NONE
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc1NONE
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc2NONE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO IMPROVE THE QUALITY OF LIFE IN THE CHESTNUT HILL AREA
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TO PROVIDE GENERAL OPERATING SUPPORT FOR THE CLASSES, WORKSHOPS, TRIPS, SERVICES, AND OTHER ACTIVITIES OFFERED TO RESIDENTS OVER 50 YEARS OLD IN THE CHESTNUT HILL AND NEIGHBORING COMMUNITITIES.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2TO PROVIDE GENERAL OPERATING SUPPORT TO OFFER A VARIETY OF SOCIAL, SERVICE, AND LEADERSHIP PROGRAMS FOR YOUNG PEOPLE AGES 12-18 YEARS IN THE CHESTNUT HILL AND NEIGHBORING COMMUNITIES.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CHESTNUT HILL COMMUNITY ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CHESTNUT HILL CENTER FOR ENRICHMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2TEENAGERS INC
IRS990ScheduleI/RecipientTable/RecipientEIN0231580703
IRS990ScheduleI/RecipientTable/RecipientEIN1232009048
IRS990ScheduleI/RecipientTable/RecipientEIN2232967581
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt08434 GERMANTOWN AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt18431 GERMANTOWN AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2105 BETHLEHEM PIKE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PHILADELPHIA
IRS990ScheduleI/RecipientTable/USAddress/CityNm1PHILADELPHIA
IRS990ScheduleI/RecipientTable/USAddress/CityNm2PHILADELPHIA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0PA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1PA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2PA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd019118
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd119118
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd219118
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0B
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1B
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc2B
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FUND TRUSTEES REQUIRE THAT ALL GRANT RECIPIENTS COMPLETE A "GRANT APPLICATION FORM," SIGN A "GRANT AGREEMENT, AND COMPLETE A "GRANT ACCOUNTABILITY REPORT." GRANT APPLICANTS ALSO RECEIVE A COPY OF THE "GRANT APPLICATION GUIDELINES." THE GRANT APPLICATIONS ARE REVIEWED BY THE BUDGET AND FINANCE COMMITTEE OF CHESTNUT HILL COMMUNITY ASSOCIATION (A RELATED PARTY) TO DETERMINE ELIGIBILITY FOR GRANTS. THE FUND TRUSTEES FOLLOW UP WITH GRANT RECIPIENTS TO MONITOR THE USAGE OF THE GRANT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRUSTEES ARE DIVIDED INTO THREE CLASSES, EACH AS EQUAL IN NUMBER AS POSSIBLE, WHOSE TERMS OF OFFICE EXPIRE SUCCESSIVELY EACH YEAR, SO THAT ONE NEW CLASS OF TRUSTEES SHALL BE ELECTED EACH YEAR, THE TRUSTEES ELECTED EACH YEAR (UNLESS ELECTED TO FILL A VACANCY) TO SERVE FOR A TERM OF THREE YEARS AND UNTIL THEIR SUCCESSORS ARE ELECTED AND QUALIFIED. EACH NEW CLASS OF TRUSTEES SHALL BE ELECTED BY THE BOARD OF DIRECTORS OF THE ASSOCIATION AT ITS FIRST REGULAR MEETING AFTER THE ANNUAL MEETING OF THE MEMBERS OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WILL BE REVIEWED BY THE TRUSTEES BEFORE THE FORM IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY BY AN ANNUAL DISCLOSURE FORM WHICH IS SIGNED BY ALL TRUSTEES AND MEMBERS OF ANY COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FUND MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990, PART XII LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR AND THE FUND STILL ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0231580703
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0THE TRUSTEES OF THE FUND ARE ELECTED BY CHCA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0CHESNUT HILL COMMUNITY ASSOCIATION (CHCA)

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