Civic Intelligence

Chesapeake Academy Foundation

990 • Fiscal year 2011 • EIN 52-1203663

Jul 01, 2010 to Jun 30, 2011 • Filed on Nov 15, 2011

Organization ProfileWWW.CHESAPEAKEACADEMY.ORG

View Organization Page

PO Box 822480
Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2011 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

Score unavailable

No value available

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

Source year 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets23rd percentile

Assets

$801,355

No earlier filing loaded for comparison.

Net Assets

$801,355

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$56,754

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.0M$500K$0Assets 2011: $801,355Liabilities 2011: $0Net Assets 2011: $801,3552011Assets 2012: $752,935Liabilities 2012: $0Net Assets 2012: $752,9352012Assets 2013: $786,474Liabilities 2013: $0Net Assets 2013: $786,4742013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2011

Assets$801,355
Liabilities$0
Net Assets$801,355
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500K-$1.0MExpenses 2011: $56,7542011Expenses 2012: $45,4742012Revenue 2013: $23,002Expenses 2013: $63,106Net Income 2013: -$40,1042013Revenue 2014: $22,857Expenses 2014: $929,897Net Income 2014: -$907,0402014

Highlighted filing

2011

Revenue-
Expenses$56,754
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
Nov 15, 2011
Return Version
2010v3.4
Gross Receipts
$18,059
Mission and Program Overview

Mission

To support chesapeake academy.

Filing and Contact Details

Filer

EIN
52-1203663
Raw XML Appendix336 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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IRS990/Description0IN 1980 THE CHESAPEAKE ACADEMY FOUNDATION, INC. WAS FORMED TO BUILD AN ENDOWMENT; THE PRIMARY FOCUS OF THE FOUNDATION IS TO SUPPORT CHESAPEAKE ACADEMY. BY POLICY 5% OF THE 3-YEAR TRAILING AVERAGE IS DISTRIBUTED TO THE ACADEMY FOR DESIGNATED USE. THE FOUNDATION CURRENTLY HAS THREE ENDOWED SCHOLARSHIP FUNDS (CATHERINE E. SCHROEDER, C. JACKSON SIMMONS, AND H. HITER HARRIS FAMILY SCHOLARSHIPS) AND TWO RESTRICTED ENDOWMENT FUNDS (BUILDINGS & GROUNDS FUND FOR PAVING AND DEVELOPMENT FUND FOR PLANNED GIVING) IN ADDITION TO THE UNRESTRICTED ENDOWMENT. ANNUAL ALLOCATIONS ARE COORDINATED WITH THE BUSINESS AND DEVELOPMENT OFFICES OF THE ACADEMY, AND THE FOUNDATION BOARD REVIEWS ALL FUNDS ANNUALLY, WITH UPDATES PRESENTED QUARTERLY. AS THE ACADEMY'S ACCREDITING BODY, THE VIRGINIA ASSOCIATION OF INDEPENDENT SCHOOLS REQUIRES BOTH THE ACADEMY AND THE FOUNDATION TO HAVE AN INDEPENDENT AUDIT EACH YEAR. THE FOUNDATION HAS GOALS TO SEEK TO MAINTAIN AN ENDOWMENT OF $25,000 PER STUDENT ENROLLED AT THE ACADEMY.
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IRS990ScheduleI/RecipientTable/PurposeOfGrant0TO SUPPORT CHESAPEAKE ACADEMY, INC. BY POLICY 5% OF THE THREE YEAR TRAILING AVERAGE IS DISTRIBUTED TO THE ACADEMY FOR DESIGNATED USE. MORE CAN BE DISTRIBUTED IF THE BOARD DEEMS IT NECESSARY.
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IRS990ScheduleO/GeneralExplanation/Explanation0THE FORM 990 WAS APPROVED BY BOARD MEMBERS AND MANAGEMENT PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation1THE BOARD MEMBERS ARE REQUIRED TO SUBMIT A FORM DOCUMENTING ANY CONFLICTS OF INTEREST THAT MAY EXIST. IF THERE ARE CHANGES TO THE BOARD OUTSIDE OF REGULAR ELECTIONS, ANY NEW MEMBERS ARE REQUIRED TO SUBMIT THEIR FORM WHEN THEY BEGIN SERVING ON THE BOARD.
IRS990ScheduleO/GeneralExplanation/Explanation2THE ORGANIZATION'S FORM 990 CAN BE MADE AVAILABLE UPON REQUEST. THE ORGANIZATION'S FORM 1023 IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation3NET UNREALIZED GAINS ON INVESTMENTS: 142,377.
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IRS990ScheduleO/GeneralExplanation/Identifier1CHANGES IN NET ASSETS OR FUND BALANCES:
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ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0GLEN ALLEN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0VA
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode023060
ReturnHeader/Preparer/Name0OLIVIA A HUTTON CPA
ReturnHeader/Preparer/Phone08045531900
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02010-07-01
ReturnHeader/TaxPeriodEndDate02011-06-30
ReturnHeader/TaxYear02010
ReturnHeader/Timestamp02011-11-15T15:01:00-06:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$801,355
Liabilities
$0
Net assets
$801,355
Revenue
-
Expenses
$56,754
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.23$9.30$9.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.86$0.00$7.86$0.23$0.63$0.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.53$0.00$7.53$0.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.01$0.00$8.01$0.57