The Chatfield Edge
- Assets
- $12.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 37
- Location
- St Martin, OH
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 31-0840764
Organization Overview
The Chatfield Edge is located in St Martin, OH. The organization was established in 1946. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Chatfield Edge employed 37 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Chatfield Edge is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Chatfield Edge generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CHATFIELD EDGE EMPOWERS AND ACCOMPANIES STUDENTS AS THEY TRANSFORM THEIR LIVES THROUGH THE PURSUIT OF EDUCATION. OUR WORK IS ROOTED IN THE EDUCATIONAL LEGACY OF THE URSULINE SISTERS OF BROWN COUNTY, AND WE WELCOME PEOPLE OF ALL FAITHS OR NO FAITH BACKGROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOAL OF THE CHATFIELD EDGE IS TO PROVIDE SUPPORT TO FIRST-GENERATION AND NON-TRADITIONAL STUDENTS AS THEY GAIN SUCCESS IN LIFE THROUGH EDUCATION. THE CHATFIELD EDGE COMBINES STUDENT SUPPORT SERVICES, SCHOLARSHIPS, AND MENTORING TO EMPOWER INDIVIDUALS TO ACHIEVE THEIR LIFE GOALS. WE ENCOURAGE INDIVIDUALS TO REACH OUTSIDE OF THEMSELVES TO SERVE OTHERS BY PROVIDING SERVANT-LEADER GUIDANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Elmore President/cfo | OfficerTrustee | 40 | $192,074 |
Victoria W Parlin Chair | OfficerTrustee | 1 | $0 |
Mary Ellen Betz Vice Chair | OfficerTrustee | 1 | $0 |
Stephen J Pohlman Secretary-Treasurer | OfficerTrustee | 1 | $0 |
Jill Hallahan Trustee | Trustee | 1 | $0 |
William L Montague Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $432,505 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,326 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $627,831 |
| Total Program Service Revenue | $435,825 |
| Investment income | $71,227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $750,990 |
| Net Income from Fundraising Events | $30,220 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,936,768 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $100,242 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $212,512 |
| Compensation of current officers, directors, key employees. | $90,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $617,081 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $65,762 |
| Payroll taxes | $60,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $157,025 |
| Advertising and promotion | $42,072 |
| Office expenses | $3,591 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $140,394 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $136,529 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $586,568 |
| Insurance | $0 |
| All other expenses | $54,031 |
| Total functional expenses | $2,640,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $510,748 |
| Savings and temporary cash investments | $34,697 |
| Pledges and grants receivable | $157,346 |
| Accounts receivable, net | $324,605 |
| 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 | $6,031 |
| Net Land, buildings, and equipment | $4,808,014 |
| Investments—publicly traded securities | $4,149,674 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,240,451 |
| Total assets | $12,231,566 |
| Accounts payable and accrued expenses | $249,999 |
| 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 | $1,993,947 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,243,946 |
| Net assets without donor restrictions | $6,262,505 |
| Net assets with donor restrictions | $3,725,115 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,231,566 |