Civic Intelligence

Cha Foundation

990 • Fiscal year 2023 • EIN 54-1238039

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

Organization ProfileWWW.chesapeakeregional.com
736 Battlefield Blvd NorthChesapeake, VA 23320

(757) 312-8121

Siviq Scores

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

Liabilities / Assets

26th percentile

0.09x

Higher debt load relative to assets than 26% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

88th percentile

3.71x

Higher debt load relative to revenue than 88% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Net Margin

99th percentile

96%

Higher net margin than 99% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

77th percentile

$859,153

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 16.0% of source-year revenue.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Asset Growth

55th percentile

7.3%

Faster asset growth than 55% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

1st percentile

-83%

Faster revenue growth than 1% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$224,187,578

Up $15,226,673 (+7.3%) from 2022

Net Assets

Up

$204,286,221

Up $20,226,673 (+11%) from 2022

Liabilities

Down

$19,901,357

Down $5,000,000 (-20%) from 2022

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin99th percentile

Revenue

Down

$5,361,512

Down $25,518,567 (-83%) from 2022

Expenses

Down

$234,253

Down $165,328 (-41%) from 2022

Net Income

Down

$5,127,259

Down $25,353,239 (-83%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$300M$200M$100M$0Assets 2011: $87,213,659Liabilities 2011: $20,604,665Net Assets 2011: $66,608,9942011Assets 2012: $87,642,917Liabilities 2012: $20,604,665Net Assets 2012: $67,038,2522012Assets 2013: $100,848,443Liabilities 2013: $20,604,841Net Assets 2013: $80,243,6022013Assets 2014: $110,107,040Liabilities 2014: $20,605,147Net Assets 2014: $89,501,8932014Assets 2015: $158,976,273Liabilities 2015: $34,605,172Net Assets 2015: $124,371,1012015Assets 2016: $159,402,354Liabilities 2016: $34,599,199Net Assets 2016: $124,803,1552016Assets 2017: $176,801,494Liabilities 2017: $34,667,906Net Assets 2017: $142,133,5882017Assets 2018: $176,641,950Liabilities 2018: $24,822,121Net Assets 2018: $151,819,8292018Assets 2019: $184,992,421Liabilities 2019: $24,798,576Net Assets 2019: $160,193,8452019Assets 2020: $191,125,516Liabilities 2020: $24,792,839Net Assets 2020: $166,332,6772020Assets 2021: $230,469,983Liabilities 2021: $24,901,357Net Assets 2021: $205,568,6262021Assets 2022: $208,960,905Liabilities 2022: $24,901,357Net Assets 2022: $184,059,5482022Assets 2023: $224,187,578Liabilities 2023: $19,901,357Net Assets 2023: $204,286,2212023Assets 2024: $234,398,915Liabilities 2024: $2,901,357Net Assets 2024: $231,497,5582024

Highlighted filing

2023

Assets$224,187,578
Liabilities$19,901,357
Net Assets$204,286,221
Open 2023 Filing

Operations Trend

Revenue Growth1st percentile

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

$40M$30M$20M$10M$0Revenue 2011: $11,990,588Expenses 2011: $6,194Net Income 2011: $11,984,3942011Revenue 2012: $5,908,631Expenses 2012: $2,550Net Income 2012: $5,906,0812012Revenue 2013: $5,122,114Expenses 2013: $2,576Net Income 2013: $5,119,5382013Revenue 2014: $3,325,106Expenses 2014: $2,706Net Income 2014: $3,322,4002014Revenue 2015: $7,152,509Expenses 2015: $2,425Net Income 2015: $7,150,0842015Revenue 2016: $6,732,716Expenses 2016: $2,535Net Income 2016: $6,730,1812016Revenue 2017: $5,391,683Expenses 2017: $2,425Net Income 2017: $5,389,2582017Revenue 2018: $7,495,265Expenses 2018: $186,052Net Income 2018: $7,309,2132018Revenue 2019: $679,604Expenses 2019: $223,541Net Income 2019: $456,0632019Revenue 2020: $8,904,200Expenses 2020: $103,402Net Income 2020: $8,800,7982020Revenue 2021: $22,511,007Expenses 2021: $269,224Net Income 2021: $22,241,7832021Revenue 2022: $30,880,079Expenses 2022: $399,581Net Income 2022: $30,480,4982022Revenue 2023: $5,361,512Expenses 2023: $234,253Net Income 2023: $5,127,2592023Revenue 2024: $8,216,699Expenses 2024: $250,364Net Income 2024: $7,966,3352024

Highlighted filing

2023

Revenue$5,361,512
Expenses$234,253
Net Income$5,127,259
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$84,358,753
Mission and Program Overview

Mission

The foundation allocates operating surpluses, investment income, and other resources among chesapeake hospital authority and its tax-exempt subsidiaries for the purpose of supporting and expanding health care activities currently being carried out by these organizations.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$180,130,241$196,635,420▲ $16,505,179
Investments Other Securities$28,722,147$27,452,995▼ $1,269,152
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$208,960,905$224,187,578▲ $15,226,673
Other Assets Total$108,517$99,163▼ $9,354
Liabilities
Other Liabilities$24,901,357$19,901,357▼ $5,000,000
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$24,901,357$19,901,357▼ $5,000,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$183,464,908$203,691,581▲ $20,226,673
Net Assets With Donor Restrictions$594,640$594,640→ $0
Total Net Assets Fund Balance$184,059,548$204,286,221▲ $20,226,673
Total Liabilities and Net Assets / Fund Balance$208,960,905$224,187,578▲ $15,226,673

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$26,242--
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleOtherTotal
Robert Schnarrs MdVice Chair$3,000$3,000
Angela Ferebee MdTreasurer$2,750$2,750
Kristi a Wooten EsqChair$2,750$2,750
Baxter EnnisSecretary$2,500$2,500

Board Members and Trustees

NameTitle
Reese JacksonCEO & President
Steve McdonnellCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$5,370,867
Other Revenue
$-9,355
Change in Net Assets
$5,127,259
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$234,253
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$231,853-$231,853
Fees for Services Management-$2,400-$2,400
Total Functional Expenses$0$234,253$0$234,253
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Entites$19,901,357
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 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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11B:

“Completed 990's are saved to a portal for board members to review before being filed with the irs.”

FORM 990, PART VI, SECTION B, LINE 12C:

“All officers and directors are required to annually sign a conflict of interest disclosure statement.”

FORM 990, PART VI, SECTION B, LINE 15A & B:

“The compensation committee of the chesapeake hospital authority, as well as the human resources department of chesapeake regional medical center, reviews all compensation of officers and directors.”

FORM 990, PART VI, SECTION C, LINE 19:

“The governing documents, conflict of interest policy and financial statements are available upon request to the administration of chesapeake regional medical center.”

Filing and Contact Details

Filer

Filer Name
CHA Foundation
EIN
54-1238039
In Care Of
% STEPHEN MCDONNELL
Phone
7573128121
Address
736 Battlefield Blvd North, Chesapeake, VA 23320

Signing Officer

Name
Reese Jackson
Title
CEO & President
Phone
7573128121
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Reese Jackson
Formed
1976
Legal Domicile
Va
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Bdo USA
Address
8401 GREENSBORO DRIVE 800, MCLEAN, VA 22102
Preparer
Marc Berger
Phone
7038930600
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1:

“Cha foundation allocates operating surpluses, investment income, and other resources among chesapeake hospital authority and its tax-exempt subsidiaries for the purpose of supporting and expanding health care.”

Financial Statement Notes

SCHEDULE D, PART X, LINE 2:

“The organization recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. At june 30, 2023 and 2022, the organization has no income tax positions that are not considered more likely than not of being sustained.”

Raw XML AppendixShowing 400 of 571 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt00
IRS990/AccountsReceivableGrp/BOYAmt00
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0SEE SCHEDULE O
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0STEPHEN MCDONNELL
IRS990/BooksInCareOfDetail/PhoneNum07573123138
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0736 BATTLEFIELD BLVD NORTH
IRS990/BooksInCareOfDetail/USAddress/CityNm0Chesapeake
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd023320
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt00
IRS990/CashNonInterestBearingGrp/EOYAmt00
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt05370867
IRS990/CYOtherExpensesAmt0234253
IRS990/CYOtherRevenueAmt0-9355
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt05127259
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0234253
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05361512
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0N/A
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0594640
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0594640
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt02400
IRS990/FeesForServicesManagementGrp/TotalAmt02400
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0231853
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0231853
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt26.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt36.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt46.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt56.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.1
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.1
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.0
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt048800
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt148800
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0REESE JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm1STEVE MCDONNELL
IRS990/Form990PartVIISectionAGrp/PersonNm2ROBERT SCHNARRS MD
IRS990/Form990PartVIISectionAGrp/PersonNm3KRISTI A WOOTEN ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm4ANGELA FEREBEE MD
IRS990/Form990PartVIISectionAGrp/PersonNm5BAXTER ENNIS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0810353
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1490578
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt23000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt32750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt42750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt52500
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO & PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01976
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/SecuritiesAmt0791832
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt00
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt079789073
IRS990/GrossReceiptsAmt084358753
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt04579035
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04579035
IRS990/InvestmentInJointVentureInd0true
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt028722147
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt027452995
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0180130241
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0196635420
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt078997241
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0CHA FOUNDATION ALLOCATES OPERATING SURPLUSES, INVESTMENT INCOME, AND OTHER RESOURCES AMONG CHESAPEAKE HOSPITAL AUTHORITY AND ITS TAX-EXEMPT SUBSIDIARIES FOR THE PURPOSE OF SUPPORTING AND EXPANDING HEALTH CARE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0184059548
IRS990/NetAssetsOrFundBalancesEOYAmt0204286221
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0791832
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0791832
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt015097014
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0183464908
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0203691581
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0108517
IRS990/OtherAssetsTotalGrp/EOYAmt099163
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt024901357
IRS990/OtherLiabilitiesGrp/EOYAmt019901357
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0EQUITY INVESTMENT ADJ
IRS990/OtherRevenueMiscGrp/ExclusionAmt0-9355
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-9355
IRS990/OtherRevenueTotalAmt0-9355
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0REESE JACKSON
IRS990/PriorPeriodAdjustmentsAmt02400
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt030880079
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0399581
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt030480498
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0399581
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt030880079
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt05127259
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0true
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The supported organization, Chesapeake Hospital Authority, IS A POLITICAL SUBDIVISION OF THE COMMONWEALTH OF VIRGINIA AND, AS SUCH, IT IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE DOCTRINE OF IMPLIED GOVERNMENTAL IMMUNITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part IV, Line 2:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0237133975
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd03
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0CHESAPEAKE HOSPITAL AUTHORITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019901357
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED ENTITES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt07542953
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt15626653
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt25081447
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt34324793
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt44258034
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt5592873
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt626242
IRS990ScheduleD/OtherSecuritiesGrp/Desc0BLUE ARC GLOBAL MACRO FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc1RENAISSANCE INST. EQTY FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc2RENAISSANCE INST. DIVERSIFIED
IRS990ScheduleD/OtherSecuritiesGrp/Desc3DESHAW WORLD ALPHA FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc4KPAM TACTICAL ALPHA FUND, LP
IRS990ScheduleD/OtherSecuritiesGrp/Desc5BLUE ARC MIL ABSOLUTE RT FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc6BLUEARC- MIL ABSOLUTE RT FD-TE
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. AT JUNE 30, 2023 AND 2022, THE ORGANIZATION HAS NO INCOME TAX POSITIONS THAT ARE NOT CONSIDERED MORE LIKELY THAN NOT OF BEING SUSTAINED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART X, LINE 2:
IRS990ScheduleD/TotalBookValueSecuritiesAmt027452995
IRS990ScheduleD/TotalLiabilityAmt019901357
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt033334
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt126667
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0765019
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1463911
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt048800
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt148800
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt012000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0REESE JACKSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1STEVE MCDONNELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO & PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0859153
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1539378
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHA FOUNDATION ALLOCATES OPERATING SURPLUSES, INVESTMENT INCOME, AND OTHER RESOURCES AMONG CHESAPEAKE HOSPITAL AUTHORITY AND ITS TAX-EXEMPT SUBSIDIARIES FOR THE PURPOSE OF SUPPORTING AND EXPANDING HEALTH CARE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPLETED 990'S ARE SAVED TO A PORTAL FOR BOARD MEMBERS TO REVIEW BEFORE BEING FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL OFFICERS AND DIRECTORS ARE REQUIRED TO ANNUALLY SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPENSATION COMMITTEE OF THE CHESAPEAKE HOSPITAL AUTHORITY, AS WELL AS THE HUMAN RESOURCES DEPARTMENT OF CHESAPEAKE REGIONAL MEDICAL CENTER, REVIEWS ALL COMPENSATION OF OFFICERS AND DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST TO THE ADMINISTRATION OF CHESAPEAKE REGIONAL MEDICAL CENTER.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$224,187,578
Liabilities
$19,901,357
Net assets
$204,286,221
Revenue
$5,361,512
Expenses
$234,253
Net income
$5,127,259
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$234$2.90$231$8.22$0.25$7.97
2023Detailed filing. Detailed filing data is available for this year.$224$19.9$204$5.36$0.23$5.13
2022Detailed filing. Detailed filing data is available for this year.$209$24.9$184$30.9$0.40$30.5
2021Detailed filing. Detailed filing data is available for this year.$230$24.9$206$22.5$0.27$22.2
2020Detailed filing. Detailed filing data is available for this year.$191$24.8$166$8.90$0.10$8.80
2019Detailed filing. Detailed filing data is available for this year.$185$24.8$160$0.68$0.22$0.46
2018Detailed filing. Detailed filing data is available for this year.$177$24.8$152$7.50$0.19$7.31
2017Summary only. Only limited summary data is available for this year.$177$34.7$142$5.39$0.00$5.39
2016Summary only. Only limited summary data is available for this year.$159$34.6$125$6.73$0.00$6.73
2015Summary only. Only limited summary data is available for this year.$159$34.6$124$7.15$0.00$7.15
2014Summary only. Only limited summary data is available for this year.$110$20.6$89.5$3.33$0.00$3.32
2013Summary only. Only limited summary data is available for this year.$101$20.6$80.2$5.12$0.00$5.12
2012Summary only. Only limited summary data is available for this year.$87.6$20.6$67.0$5.91$0.00$5.91
2011Summary only. Only limited summary data is available for this year.$87.2$20.6$66.6$12.0$0.01$12.0