Civic Intelligence

Cheseapeake-Virginia Beach Achievement Foundation

990 • Fiscal year 2019 • EIN 45-3951598

Jan 01, 2019 to Dec 31, 2019 • Filed on Jan 25, 2021

Refreshing map…

109-g Gainsborough SquareChesapeake, VA 23320

(757) 620-4023

Siviq Scores

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

Liabilities / Assets

57th percentile

0.13x

Higher debt load relative to assets than 57% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

53rd percentile

0.10x

Higher debt load relative to revenue than 53% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

92nd percentile

53%

Higher net margin than 92% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

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

Source year 2019

Revenue Growth

Score unavailable

No value available

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

Source year 2019

Assets

$81,993

No earlier filing loaded for comparison.

Net Assets

$71,729

No earlier filing loaded for comparison.

Liabilities

$10,264

No earlier filing loaded for comparison.

Revenue

$102,164

No earlier filing loaded for comparison.

Expenses

$48,289

No earlier filing loaded for comparison.

Net Income

$53,875

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.

$150K$100K$50K$0Assets 2019: $81,993Liabilities 2019: $10,264Net Assets 2019: $71,7292019Assets 2020: $128,495Liabilities 2020: $14,297Net Assets 2020: $114,1982020Assets 2021: $109,333Liabilities 2021: $6,956Net Assets 2021: $102,3772021Assets 2022: $64,859Liabilities 2022: $8,045Net Assets 2022: $56,8142022Assets 2023: $43,625Liabilities 2023: $0Net Assets 2023: $43,6252023Assets 2024: $48,788Liabilities 2024: $0Net Assets 2024: $48,7882024

Highlighted filing

2019

Assets$81,993
Liabilities$10,264
Net Assets$71,729

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2019: $102,164Expenses 2019: $48,289Net Income 2019: $53,8752019Revenue 2020: $90,642Expenses 2020: $48,173Net Income 2020: $42,4692020Revenue 2021: $35,220Expenses 2021: $53,737Net Income 2021: -$18,5172021Revenue 2022: $16,304Expenses 2022: $61,867Net Income 2022: -$45,5632022Revenue 2023: $27,398Expenses 2023: $40,587Net Income 2023: -$13,1892023Revenue 2024: $65,099Expenses 2024: $54,834Net Income 2024: $10,2652024

Highlighted filing

2019

Revenue$102,164
Expenses$48,289
Net Income$53,875
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jan 25, 2021
Return Version
2019v5.0
Gross Receipts
$3,603,782
Mission and Program Overview

Mission

To serve as the fundraising arm of the chapter that supports the charitable efforts to provide scholarships, mentoring, and community programs to support the development of young men.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$17,854$81,993▲ $64,139
Total Assets$17,854$81,993▲ $64,139
Liabilities
Accounts Payable and Accrued Expenses-$10,264-
Total Liabilities$0$10,264▲ $10,264
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$17,854$71,729▲ $53,875
Total Net Assets Fund Balance$17,854$71,729▲ $53,875
Total Liabilities and Net Assets / Fund Balance$17,854$81,993▲ $64,139
Compensation and Service Providers

Board Members and Trustees

NameTitle
William BlanksCFO
Elegear PrimusExecutive Di
Troy LindseyFundraising
Germaine WilliamsSecretary
John W Mayer JrVice Executi
Revenue and Support

Revenue Composition

Contributions and Grants
$71,052
Program Service Revenue
$0
Investment Income
$3
Other Revenue
$31,109
All Other Contributions
$59,852
Change in Net Assets
$53,875
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$48,289
Total Fundraising Expense$566
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$245$1,012-$1,257
Office Expenses$550$550-$1,100
Other Expenses$5,094$1,018$566$1,018
Information Technology$104$105-$209
Total Functional Expenses$45,038$2,685$566$48,289
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$3,532,727
Gaming Direct Expenses$3,468,664
Fundraising Direct Expenses$32,954
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
No
Business relationship with 35% controlled entity
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
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

The 990 will be reviewed at the membership meeting.

Form 990, Page 6, Part VI, Line 19

A copy is mailed upon request.

Filing and Contact Details

Filer

Filer Name
Chesapeake-virginia Beach
EIN
45-3951598
Address
109-G GAINSBOROUGH SQUARE, CHESAPEAKE, VA 23320

Signing Officer

Name
William Blanks
Title
CFO
Signed
2021-01-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elegear Primus
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
50

Preparer

Firm
Thomas a Smith Jr CPA Pc
Address
PO BOX 14370, NEWPORT NEWS, VA 23608-0008
Preparer
Thomas a Smith Jr
Phone
7576590812
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization serves as the fundraising arm of the chapter that supports the charitable efforts to provide scholarships, mentoring, and community programs to support the development of young men. Cvbaf without limitation, is improving the development, promotion and support of activities, programs, and organizations that improve the health, welfare, and education of the youth of hampton roads community, with a primary emphasis in the development of leadership skills, social outreach and helping providing information and knowledge skills, training, financial literacy, loans for education, and other required fields of endeavor. Our continuing mission is to affect the social development, emotional maturity, and academic achievement of participants. The cvbaf brothers' perform this by providing positive professional mentors to teach the youth of hampton roads community in the following areas: paying for college, dressing for success, choosing the right college, financial literacy and investing, creating an academic and professional resume, how to procure donations and raise funds, leadership fundamentals, african-american health issues, drug abuse awareness, how to interact with law enforcement, personal management, and public speaking.

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

Our mission was and continues to be to affect the social development, emotional maturity, and academic achievement of participants. The cvbaf brothers' served this overall set of objectives by providing positive professional mentors to teach the youth of hampton roads community in the following areas: paying for college, dressing for success, choosing the right college, financial literacy and investing, creating an academic and professional resume, how to procure donations and raise funds, leadership fundamentals, african-american health issues, drug abuse awareness, how to interact with law enforcement, personal management, and public speaking. The organization awarded scholarships at their annual presentation event to to the young men who exemplified the values encouraged and developed during the course of their mentorship experiences.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION SERVES AS THE FUNDRAISING ARM OF THE CHAPTER THAT SUPPORTS THE CHARITABLE EFFORTS TO PROVIDE SCHOLARSHIPS, MENTORING, AND COMMUNITY PROGRAMS TO SUPPORT THE DEVELOPMENT OF YOUNG MEN. CVBAF WITHOUT LIMITATION, IS IMPROVING THE DEVELOPMENT, PROMOTION AND SUPPORT OF ACTIVITIES, PROGRAMS, AND ORGANIZATIONS THAT IMPROVE THE HEALTH, WELFARE, AND EDUCATION OF THE YOUTH OF HAMPTON ROADS COMMUNITY, WITH A PRIMARY EMPHASIS IN THE DEVELOPMENT OF LEADERSHIP SKILLS, SOCIAL OUTREACH AND HELPING PROVIDING INFORMATION AND KNOWLEDGE SKILLS, TRAINING, FINANCIAL LITERACY, LOANS FOR EDUCATION, AND OTHER REQUIRED FIELDS OF ENDEAVOR. OUR CONTINUING MISSION IS TO AFFECT THE SOCIAL DEVELOPMENT, EMOTIONAL MATURITY, AND ACADEMIC ACHIEVEMENT OF PARTICIPANTS. THE CVBAF BROTHERS' PERFORM THIS BY PROVIDING POSITIVE PROFESSIONAL MENTORS TO TEACH THE YOUTH OF HAMPTON ROADS COMMUNITY IN THE FOLLOWING AREAS: PAYING FOR COLLEGE, DRESSING FOR SUCCESS, CHOOSING THE RIGHT COLLEGE, FINANCIAL LITERACY AND INVESTING, CREATING AN ACADEMIC AND PROFESSIONAL RESUME, HOW TO PROCURE DONATIONS AND RAISE FUNDS, LEADERSHIP FUNDAMENTALS, AFRICAN-AMERICAN HEALTH ISSUES, DRUG ABUSE AWARENESS, HOW TO INTERACT WITH LAW ENFORCEMENT, PERSONAL MANAGEMENT, AND PUBLIC SPEAKING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OUR MISSION WAS AND CONTINUES TO BE TO AFFECT THE SOCIAL DEVELOPMENT, EMOTIONAL MATURITY, AND ACADEMIC ACHIEVEMENT OF PARTICIPANTS. THE CVBAF BROTHERS' SERVED THIS OVERALL SET OF OBJECTIVES BY PROVIDING POSITIVE PROFESSIONAL MENTORS TO TEACH THE YOUTH OF HAMPTON ROADS COMMUNITY IN THE FOLLOWING AREAS: PAYING FOR COLLEGE, DRESSING FOR SUCCESS, CHOOSING THE RIGHT COLLEGE, FINANCIAL LITERACY AND INVESTING, CREATING AN ACADEMIC AND PROFESSIONAL RESUME, HOW TO PROCURE DONATIONS AND RAISE FUNDS, LEADERSHIP FUNDAMENTALS, AFRICAN-AMERICAN HEALTH ISSUES, DRUG ABUSE AWARENESS, HOW TO INTERACT WITH LAW ENFORCEMENT, PERSONAL MANAGEMENT, AND PUBLIC SPEAKING. THE ORGANIZATION AWARDED SCHOLARSHIPS AT THEIR ANNUAL PRESENTATION EVENT TO TO THE YOUNG MEN WHO EXEMPLIFIED THE VALUES ENCOURAGED AND DEVELOPED DURING THE COURSE OF THEIR MENTORSHIP EXPERIENCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 WILL BE REVIEWED AT THE MEMBERSHIP MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY IS MAILED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM BLANKS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-01-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHESAPEAKE-VIRGINIA BEACH
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ACHIEVEMENT FUND
ReturnHeader/Filer/BusinessNameControlTxt0CHES
ReturnHeader/Filer/EIN0453951598
ReturnHeader/Filer/USAddress/AddressLine1Txt0109-G GAINSBOROUGH SQUARE
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464126302
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THOMAS A SMITH JR CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 14370
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEWPORT NEWS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0236080008
ReturnHeader/PreparerPersonGrp/PhoneNum07576590812
ReturnHeader/PreparerPersonGrp/PreparationDt02021-01-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS A SMITH JR
ReturnHeader/ReturnTs02021-02-12T07:46:28-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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