Choate Development Corporation
- Assets
- $39.0k
- Revenue
- $131.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Nellysford, VA
- Founding
- 07/2004
- Data as of
- 12/2015
- EIN
- 01-0704666
Organization Overview
Choate Development Corporation is located in Nellysford, VA. The organization was established in 2004. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Choate Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
MAKE A DIFFERENCE 2020 STRIVES TO INSPIRE,SUPPORT AND STRENGHTEN THE LIVES OF YOUTH THROUGH DIVERSE OPPORTUNITIES AFFORDED BY SCIENCE,TECHNOLOGY, ENGINEERING AND MATHEMATICS(STEM).
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICORPS VISTA PROGRAM IN PARTNERSHIP WITH THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE. MAD2020 WAS AWARDED 7 VISTA VOLUNTEERS TO BE IN PUBLIC HOUSING AUTHORITIES TO HELP IDENTIFY STEM CLUB PARTICIPANTS (YOUNGLEARNERS LIVING IN LOW-INCOME HOUSING). THE VISTAS HELP BUILD CAPACITY AT LOCAL LEVEL AND DEVELOP SYSTEMS TO SUPPORT MAD2020 PROGAMING.
LITTLEBITTS PILOT PROGRAM IN THE HARRISONBURG PUBLIC SCHOOLS - THIS MONEY WAS USED TO PURCHASE LITTLE BIT KITS FOR TEACHERS WORKING IN FIVE LOCAL SCHOOLS TARGETTING 3RD GRADERS. THE MAJORITY OF THE STUDENTS LIVE IN LOW-INCOME HOUSEHOLDS.
A PLATFORM THAT IS USED IN MANAGING AND COORDINATING THE PROGRAMS WHICH REQUIRES INTENSE MANAGEMENT OVERSIGHT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Lee Director | Trustee | 2 | $0 |
Carl Grunow Vice President | Trustee | 3 | $0 |
Roland Moore Director | Trustee | 1 | $0 |
Lawrence Douglas Director | Trustee | 2 | $0 |
Sean Laniere Director | Trustee | 1 | $0 |
Lou Zammett Chairman & President | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,679 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $131,679 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $30,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $190 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,653 |
| Information technology | $8,040 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,694 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $93,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,975 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,975 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $38,975 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $38,975 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Choate Development Corporation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: ONGOING SUPPORT FOR ONE OF PRESIDENT OBAMA'S INITIATIVES. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodbine Community Organization Wco Inc Nashville, TN | $99,872,484 | $15,160,345 |
Maryland Rural Development Corporation Annapolis, MD | $2,490,801 | $9,297,615 |
Religious Coalition For Emergency Human Needs In Frederick County Frederick, MD | $4,940,518 | $9,853,659 |
Stand For America Inc Washington, DC | $2,847,990 | $8,607,198 |
National Association Of Professional Employer Organization Alexandria, VA | $9,490,281 | $8,665,299 |
Virginia Beach Community Development Corporation Virginia Beach, VA | $35,346,329 | $7,614,457 |
Community Revitalization And Reservation Corporation Raleigh, NC | $42,174,048 | $6,127,827 |
Clinch Valley Community Action Inc North Tazewell, VA | $3,516,619 | $7,158,606 |
Northwest Tennessee Development Martin, TN | $5,677,713 | $7,068,049 |
New River Community Action Inc Radford, VA | $2,771,237 | $7,058,582 |
Oasis Center Inc Nashville, TN | $8,797,706 | $7,228,064 |
National Main Street Center Inc Washington, DC | $6,729,426 | $9,101,387 |