Civic Intelligence

Chesapeake General Hospital Healthcare Foundation

990 • Fiscal year 2018 • EIN 54-1693739

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

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

7th percentile

0.00x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

7th percentile

0.00x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

97th percentile

83%

Higher net margin than 97% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

95th percentile

$497,890

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 99.6% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

76th percentile

12%

Faster asset growth than 76% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

11th percentile

-24%

Faster revenue growth than 11% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$5,457,482

Up $600,810 (+12%) from 2017

Net Assets

Up

$5,457,482

Up $600,810 (+12%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$499,962

Down $159,342 (-24%) from 2017

Expenses

Down

$86,801

Down $972,947 (-92%) from 2017

Net Income

Up

$413,161

Up $813,605 (+203%) from 2017

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $3,015,987Liabilities 2011: $0Net Assets 2011: $3,015,9872011Assets 2012: $3,007,637Liabilities 2012: $0Net Assets 2012: $3,007,6372012Assets 2013: $3,296,058Liabilities 2013: $1,500Net Assets 2013: $3,294,5582013Assets 2014: $3,836,079Liabilities 2014: $0Net Assets 2014: $3,836,0792014Assets 2015: $4,404,763Liabilities 2015: $1,046Net Assets 2015: $4,403,7172015Assets 2016: $4,881,282Liabilities 2016: $52Net Assets 2016: $4,881,2302016Assets 2017: $4,856,672Liabilities 2017: $0Net Assets 2017: $4,856,6722017Assets 2018: $5,457,482Liabilities 2018: $0Net Assets 2018: $5,457,4822018Assets 2019: $6,120,015Liabilities 2019: $142,029Net Assets 2019: $5,977,9862019Assets 2020: $5,693,170Liabilities 2020: $271,807Net Assets 2020: $5,421,3632020Assets 2021: $9,086,618Liabilities 2021: $4,147Net Assets 2021: $9,082,4712021Assets 2022: $9,081,431Liabilities 2022: $327,179Net Assets 2022: $8,754,2522022Assets 2023: $8,806,022Liabilities 2023: $10,203Net Assets 2023: $8,795,8192023Assets 2024: $9,664,684Liabilities 2024: $33,022Net Assets 2024: $9,631,6622024

Highlighted filing

2018

Assets$5,457,482
Liabilities$0
Net Assets$5,457,482

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $595,906Expenses 2011: $723,094Net Income 2011: -$127,1882011Revenue 2012: $583,286Expenses 2012: $552,431Net Income 2012: $30,8552012Revenue 2013: $583,577Expenses 2013: $492,320Net Income 2013: $91,2572013Revenue 2014: $686,372Expenses 2014: $517,737Net Income 2014: $168,6352014Revenue 2015: $816,718Expenses 2015: $130,829Net Income 2015: $685,8892015Revenue 2016: $640,962Expenses 2016: $135,849Net Income 2016: $505,1132016Revenue 2017: $659,304Expenses 2017: $1,059,748Net Income 2017: -$400,4442017Revenue 2018: $499,962Expenses 2018: $86,801Net Income 2018: $413,1612018Revenue 2019: $681,932Expenses 2019: $339,456Net Income 2019: $342,4762019Revenue 2020: $653,600Expenses 2020: $1,272,378Net Income 2020: -$618,7782020Revenue 2021: $2,845,990Expenses 2021: $112,424Net Income 2021: $2,733,5662021Revenue 2022: $1,854,923Expenses 2022: $1,314,233Net Income 2022: $540,6902022Revenue 2023: $1,719,517Expenses 2023: $2,205,731Net Income 2023: -$486,2142023Revenue 2024: $860,894Expenses 2024: $826,000Net Income 2024: $34,8942024

Highlighted filing

2018

Revenue$499,962
Expenses$86,801
Net Income$413,161
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$1,294,220
Mission and Program Overview

Mission

The mission of the chesapeake regional health foundation is to support chesapeake regional medical center by helping it respond to the evolving health care needs of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,477,238$4,796,625▲ $319,387
Savings and Temporary Cash Investments$216,698$426,875▲ $210,177
Pledges and Grants Receivable$162,332$166,610▲ $4,278
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$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$4,856,672$5,457,482▲ $600,810
Other Assets Total$404$67,372▲ $66,968
Liabilities
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
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$3,483,790$3,902,988▲ $419,198
Temporarily Rstr Net Assets$1,120,382$1,301,994▲ $181,612
Permanently Rstr Net Assets$252,500$252,500→ $0
Total Net Assets Fund Balance$4,856,672$5,457,482▲ $600,810
Total Liabilities and Net Assets / Fund Balance$4,856,672$5,457,482▲ $600,810

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$2,491,910$43,211▲ $208,445-$2,730,470
2017$2,169,316-▲ $322,594-$2,491,910
2016$2,103,691$3,500▲ $62,125-$2,169,316
2015$2,074,850-▲ $32,341-$2,107,191
2014$1,723,055$59,159▲ $292,636-$2,074,850
Compensation and Service Providers

Employees

NameTitleOtherTotal
Steve McdonnellCFO$95,246$95,246

Board Members and Trustees

NameTitle
Patrick L ReynoldsChairman
Reese JacksonPresident & CEO
Andrew T Martin CPAVice-chairman
Ben Fickenscher MDBoard Member
Daniel BanisterBoard Member
Danijel VelickiBoard Member
Donald S BuckleyBoard Member
Harold J Marioneaux Jr DDSBoard Member
Joseph L Barnes JrBoard Member
Louise QualesBoard Member
R Stephen BestBoard Member
Roland J DavisBoard Member
Scott D Pennington DOBoard Member
Jeff BrillhartCFO
Anthony C Cetrone MDMember at Large
Douglas W DavisMember at Large
Vonda W ChappellMember at Large
Dawn GlynnSecretary
John B Maddux JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$521,055
Program Service Revenue
$0
Investment Income
$131,464
Other Revenue
$-152,557
All Other Contributions
$135,283
Change in Net Assets
$413,161
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$60,064
Other Expenses$26,737
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$60,064--$60,064
Fees for Service Investment Mgmnt Fees-$23,626$0$23,626
Fees for Services Other$3,111--$3,111
Total Functional Expenses$63,175$23,626$0$86,801
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Chesapeake Regional Medical Centerch, VA501(c)(3)Purchase Hosp Equip$60,064
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$223,307
Fundraising Gross Income$70,750
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala 2018$337,188$59,500$140,263$-80,763
Bra-Ha-Ha 2017$119,334$11,250$83,044$-71,794
Total Events$456,522$70,750$223,307$-152,557
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
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 Chesapeake Hospital Authority, as well as human resources of Chesapeake General Hospital review 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 Hospital Authority.

Filing and Contact Details

Filer

Filer Name
Chesapeake General Hospital
EIN
54-1693739
In Care Of
% STEPHEN MCDONNELL
Phone
7573128121
Address
736 BATTLEFIELD BLVD NORTH, CHESAPEAKE, VA 23320
Doing Business As
Chesapeake Regional Health Fdn

Signing Officer

Name
Reese Jackson
Title
CEO/president
Phone
7573128121
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Reese Jackson
Formed
1993
Legal Domicile
Va
Voting Board Members
17
Independent Board Members
17
Employees
4
Volunteers
50

Preparer

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

Financial Statement Notes

Part X, Line 2

The Authority and the Foundation are exempt from federal income taxes under Sections 115 and 501(c)(3) of the Internal Revenue Code, respectively. Accordingly, with the exception of the Authoritys taxable subsidiaries, no provision for income taxes has been made in the accompanying financial statements. The Authority 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, 2018 and 2017, the Authority has no income tax positions that are not considered more likely than not of being sustained.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Member at Large
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt15SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt18CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt19CFO
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IRS990/MembersOrStockholdersInd0false
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IRS990/MissionDesc0THE MISSION OF THE CHESAPEAKE REGIONAL HEALTH FOUNDATION IS TO SUPPORT CHESAPEAKE REGIONAL MEDICAL CENTER BY HELPING IT RESPOND TO THE EVOLVING HEALTH CARE NEEDS OF THE COMMUNITY.
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IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/RentalIncomeOrLossGrp/RealAmt00
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.66$0.03$9.63$0.86$0.83$0.03
2023Detailed filing. Detailed filing data is available for this year.$8.81$0.01$8.80$1.72$2.21$0.49
2022Detailed filing. Detailed filing data is available for this year.$9.08$0.33$8.75$1.85$1.31$0.54
2021Detailed filing. Detailed filing data is available for this year.$9.09$0.00$9.08$2.85$0.11$2.73
2020Detailed filing. Detailed filing data is available for this year.$5.69$0.27$5.42$0.65$1.27$0.62
2019Detailed filing. Detailed filing data is available for this year.$6.12$0.14$5.98$0.68$0.34$0.34
2018Detailed filing. Detailed filing data is available for this year.$5.46$0.00$5.46$0.50$0.09$0.41
2017Summary only. Only limited summary data is available for this year.$4.86$0.00$4.86$0.66$1.06$0.40
2016Summary only. Only limited summary data is available for this year.$4.88$0.00$4.88$0.64$0.14$0.51
2015Summary only. Only limited summary data is available for this year.$4.40$0.00$4.40$0.82$0.13$0.69
2014Summary only. Only limited summary data is available for this year.$3.84$0.00$3.84$0.69$0.52$0.17
2013Summary only. Only limited summary data is available for this year.$3.30$0.00$3.29$0.58$0.49$0.09
2012Summary only. Only limited summary data is available for this year.$3.01$0.00$3.01$0.58$0.55$0.03
2011Summary only. Only limited summary data is available for this year.$3.02$0.00$3.02$0.60$0.72$0.13