Civic Intelligence

Chesapeake Charities Inc.

990 • Fiscal year 2013 • EIN 30-0254793

Jan 01, 2013 to Dec 31, 2013 • Filed on May 15, 2014

102 Chester Village21619

(443) 249-0606

Siviq Scores

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

Liabilities / Assets

38th percentile

0.05x

Higher debt load relative to assets than 38% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

40th percentile

0.07x

Higher debt load relative to revenue than 40% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

29th percentile

-4.4%

Higher net margin than 29% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

59th percentile

$68,909

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

49th percentile

1.9%

Faster asset growth than 49% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

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

Source year 2013

Assets

Up

$1,477,081

Up $27,795 (+1.9%) from 2012

Net Assets

Down

$1,404,527

Down $41,597 (-2.9%) from 2012

Liabilities

Up

$72,554

Up $69,392 (+2195%) from 2012

Revenue

$1,099,864

No earlier filing loaded for comparison.

Expenses

Down

$1,148,121

Down $553,279 (-33%) from 2012

Net Income

-$48,257

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.

$10M$5.0M$0Assets 2012: $1,449,286Liabilities 2012: $3,162Net Assets 2012: $1,446,1242012Assets 2013: $1,477,081Liabilities 2013: $72,554Net Assets 2013: $1,404,5272013Assets 2014: $1,333,220Liabilities 2014: $84,224Net Assets 2014: $1,248,9962014Assets 2016: $1,452,508Liabilities 2016: $17,119Net Assets 2016: $1,435,3892016Assets 2017: $2,018,733Liabilities 2017: $9,291Net Assets 2017: $2,009,4422017Assets 2018: $2,489,305Liabilities 2018: $28,167Net Assets 2018: $2,461,1382018Assets 2019: $2,576,041Liabilities 2019: $56,354Net Assets 2019: $2,519,6872019Assets 2020: $4,646,681Liabilities 2020: $109,355Net Assets 2020: $4,537,3262020Assets 2021: $5,469,499Liabilities 2021: $113,105Net Assets 2021: $5,356,3942021Assets 2024: $9,316,592Liabilities 2024: $176,929Net Assets 2024: $9,139,6632024

Highlighted filing

2013

Assets$1,477,081
Liabilities$72,554
Net Assets$1,404,527

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $1,701,4002012Revenue 2013: $1,099,864Expenses 2013: $1,148,121Net Income 2013: -$48,2572013Revenue 2014: $1,164,828Expenses 2014: $1,311,333Net Income 2014: -$146,5052014Revenue 2016: $1,605,382Expenses 2016: $1,469,360Net Income 2016: $136,0222016Revenue 2017: $2,307,900Expenses 2017: $1,770,296Net Income 2017: $537,6042017Revenue 2018: $2,809,419Expenses 2018: $2,336,987Net Income 2018: $472,4322018Revenue 2019: $3,074,826Expenses 2019: $3,094,345Net Income 2019: -$19,5192019Revenue 2020: $3,722,696Expenses 2020: $2,022,900Net Income 2020: $1,699,7962020Revenue 2021: $2,553,598Expenses 2021: $1,935,613Net Income 2021: $617,9852021Revenue 2024: $3,585,190Expenses 2024: $3,098,978Net Income 2024: $486,2122024

Highlighted filing

2013

Revenue$1,099,864
Expenses$1,148,121
Net Income-$48,257
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 15, 2014
Return Version
2013v3.1
Gross Receipts
$1,099,864
Mission and Program Overview

Mission

To provide innovative leadership and quality services that encourage charitable giving, build community resources, and enable donors to achieve their charitable purposes, making lasting investments in the chesapeake bay region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$952,813$1,143,115▲ $190,302
Cash and Non-Interest-Bearing Accounts$378,446$209,040▼ $169,406
Investments in Publicly Traded Securities$117,717$124,926▲ $7,209
Pledges and Grants Receivable$310--
Total Assets$1,449,286$1,477,081▲ $27,795
Liabilities
Accounts Payable and Accrued Expenses$3,162$72,554▲ $69,392
Total Liabilities$3,162$72,554▲ $69,392
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,365,157$1,319,793▼ $45,364
Unrestricted Net Assets$80,967$84,734▲ $3,767
Total Net Assets Fund Balance$1,446,124$1,404,527▼ $41,597
Total Liabilities and Net Assets / Fund Balance$1,449,286$1,477,081▲ $27,795

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$169,133$72,854▲ $1,840-$236,093
2012$162,121$6,607▲ $4,954$2,500$169,133
2011$168,101$345▼ $4,236-$162,121
2010$161,923$489▲ $7,722-$168,101
2009$70,049$91,350▲ $2,731-$161,923
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Linda KohlerExecutive DiFT$59,909$9,000$68,909

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,096,743
Program Service Revenue
$0
Investment Income
$3,121
Other Revenue
$0
All Other Contributions
$936,743
Change in Net Assets
$-48,257

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,099,864
Revenue Not Reported on Form 990
$6,660
Total Revenue per Audited Statements
$1,106,524
Total Revenue per Form 990
$1,099,864
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,012,065
Salaries, Compensation, and Employee Benefits$81,534
Grants and Similar Amounts Paid$54,522
Total Fundraising Expense$4,175
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$989,035--$989,035
Current Officers, Directors, Trustees, and Key Employees$54,282$13,856$2,308$70,446
Grants to Domestic Individuals$34,522--$34,522
Grants to Domestic Orgs$20,000--$20,000
Fees for Services Other-$10,138-$10,138
Occupancy-$6,600-$6,600
Other Salaries and Wages-$5,569-$5,569
Payroll Taxes$4,470$873$176$5,519
Office Expenses-$2,839$1,431$4,270
Insurance-$953-$953
Information Technology-$532-$532
Travel-$277-$277
Advertising--$260$260
Total Functional Expenses$1,102,309$41,637$4,175$1,148,121

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,148,121
Total Expenses per Audited Statements$1,148,121
Total Expenses per Form 990$1,148,121
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
52-0595110-C3Research$20,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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, Page 6, Part VI, Line 11B

Cfo prepares schedules for external accountant and reviews the draft form 990. The form 990 is reviewed by the board prior to filing.

Form 990, Page 6, Part VI, Line 12C

Annual statements are required for all board members. All board members' annual statements are reviewed by the board chair, with the exception of the chair's report, which is reviewed by the secretary of the board. The board is empowered to take disciplinary/corrective action regarding any conflicts of interest which have not been appropriately approved and considered by non-interested members of the board.

Form 990, Page 6, Part VI, Line 15A

The executive compensation is evaluated each year in december by the executive committee of the board utilizing predetermined criteria, including the organization's operating results, the executive director's job description, and his/her work plan. The results of the evaluation may be used to determine whether or not the executive director's salary should be increased.

Form 990, Page 6, Part VI, Line 19

Governing documents and the conflict of interest policy are available to the public upon request. Form 990 is posted on the foundation's website, along with the audited financial statements.

Filing and Contact Details

Filer

EIN
30-0254793
Phone
4432490606

Signing Officer

Name
Linda Kohler
Title
Executive Director
Phone
4432490606
Signed
2014-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Kohler Executive Director
Formed
2003
Legal Domicile
Md
Voting Board Members
16
Independent Board Members
16
Employees
2
Volunteers
670

Preparer

Preparer
Jeffrey S Griffith CPA
Phone
4102240343
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide innovative leadership and quality services that encourage charitable giving, build community resources, and enable donors to achieve their charitable purposes, making lasting investments in the chesapeake bay region.

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

Preserving strong family traditions of this region

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The organization endowment is comprised of donor-restricted funds. Funds that are specifically designated by the donor to be contributed to the endowment fund are placed in that sub-fund so designated. For investing purposes, endowment funds may be commingled consistent with legal and/or regulatory provisions. However, each directed gift is accounted for separately, although unnamed gifts directed for the same purpose may be accounted for in the aggregate. Income from that portion of specified purpose endowment funds may be distributed only for such purpose.

Schedule D, Page 3, Part X

The organization qualifies as a tax-exempt organization under section 501(c)(3) of the internal revenue code and, therefore, has no provision for federal or state income taxes. The organization's informational return filings are subject to examination by the internal revenue service, generally for three years after it is filed.

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IRS990/PrincipalOfficerNm0LINDA KOHLER EXECUTIVE DIRECTOR
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ENDOWMENT IS COMPRISED OF DONOR-RESTRICTED FUNDS. FUNDS THAT ARE SPECIFICALLY DESIGNATED BY THE DONOR TO BE CONTRIBUTED TO THE ENDOWMENT FUND ARE PLACED IN THAT SUB-FUND SO DESIGNATED. FOR INVESTING PURPOSES, ENDOWMENT FUNDS MAY BE COMMINGLED CONSISTENT WITH LEGAL AND/OR REGULATORY PROVISIONS. HOWEVER, EACH DIRECTED GIFT IS ACCOUNTED FOR SEPARATELY, ALTHOUGH UNNAMED GIFTS DIRECTED FOR THE SAME PURPOSE MAY BE ACCOUNTED FOR IN THE AGGREGATE. INCOME FROM THAT PORTION OF SPECIFIED PURPOSE ENDOWMENT FUNDS MAY BE DISTRIBUTED ONLY FOR SUCH PURPOSE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, HAS NO PROVISION FOR FEDERAL OR STATE INCOME TAXES. THE ORGANIZATION'S INFORMATIONAL RETURN FILINGS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER IT IS FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1RENT/UTILITY ASSISTANCE
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0RESEARCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10JOHN HOPKINS UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0520595110
IRS990ScheduleI/RecipientTable/USAddress/AddressLine10600 N WOLFE ST WILMER 112
IRS990ScheduleI/RecipientTable/USAddress/City0BALTIMORE
IRS990ScheduleI/RecipientTable/USAddress/State0MD
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode021287

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