Portsmouth & Chesapeake Area Foundation

Organization Overview

Portsmouth & Chesapeake Area Foundation is located in Portsmouth, VA. The organization was established in 1971. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portsmouth & Chesapeake Area Foundation 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 12/2022, Portsmouth & Chesapeake Area Foundation generated $432.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 47.1% each year . All expenses for the organization totaled $190.8k during the year ending 12/2022. While expenses have increased by 30.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FOR THE WELL BEING OF THE DISABLED, TO HONOR REQUESTS FOR SPECIAL EQUIPMENT NEEDED IN THE SCHOOL PROGRAMS FOR SPECIAL NEEDS CHILDREN IN THE PORTSMOUTH AND CHESAPEAKE, VIRGINIA SCHOOLS THROUGH SUPPORT OF KIRK-CONE REHABILITATION INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS TO KIRK-CONE REHABILITATION INC., A 501(C)(3) ORGANIZATION TO ALLOW KIRK-CONE TO CARRY OUT THE MISSION OF THIS AND ITS ORGANIZATION, WHICH IS TO PROVIDE FOR THE SPECIAL NEEDS STUDENTS AND TEACHERS IN THE PORTSMOUTH AND CHESAPEAKE SCHOOLS. GRANTS WERE PAID PURSUANT TO REQUESTS FROM EACH SCHOOL SYSTEM.


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Board, Officers & Key Employees

Name (title)Compensation
Ann M Kirk
President &
$0
Ave Bullard
Trustee
$0
Rhonda Ellsworth-White
Trustee
$0
Cassandra Ivey
Secretary &
$0
Ken Wren Jr
Trustee
$0
Michael R Kirk
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$250,074
Noncash contributions included in lines 1a–1f $250,000
Total Revenue from Contributions, Gifts, Grants & Similar$250,074
Total Program Service Revenue$0
Investment income $160,892
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $21,796
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $432,762

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