Chesapeake General Hospital Healthcare Foundation
- Assets
- $9.1m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 5
- Location
- Chesapeake, VA
- Founding
- 08/1994
- Data as of
- 06/2022
- EIN
- 54-1693739
Organization Overview
Chesapeake General Hospital Healthcare Foundation, operating under the name Chesapeake Regional Health Fdn, is located in Chesapeake, VA. The organization was established in 1994. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2022, Chesapeake Regional Health Fdn employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chesapeake Regional Health Fdn 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 06/2022, Chesapeake Regional Health Fdn generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 30.0% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Chesapeake Regional Health Fdn has awarded 21 individual grants totaling $2,112,600. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GENERAL SUPPORT TO CHESAPEAKE REGIONAL HEALTHCARE SO THEY CAN RESPOND TO THE NEEDS OF THE COMMUNITY. DURING THE 2022 TAX YEAR SUPPORT WAS PROVIDED FOR THE BREAST CENTER, CANCER TREATMENT CENTER, CRH CAPITAL CAMPAIGN, AND OTHER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reese Jackson JD Mha Fache CEO & President | Officer | 0.1 | $0 |
Steve Mcdonnell CFO | Officer | 0.1 | $0 |
Anthony C Cetrone MD Chairman | OfficerTrustee | 2 | $0 |
Louise Quales Vice Chairman | OfficerTrustee | 2 | $0 |
Michael J Kos Treasurer | OfficerTrustee | 2 | $0 |
Tara Preston Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $85,894 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,743,625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,829,519 |
| Total Program Service Revenue | $0 |
| Investment income | $125,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$22,971 |
| Net Income from Fundraising Events | -$77,047 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,854,923 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,273,397 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,070 |
| Fees for services: Other | $7,395 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,371 |
| Total functional expenses | $1,314,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,758,886 |
| Pledges and grants receivable | $1,762,968 |
| 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 | $5,559,577 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,081,431 |
| Accounts payable and accrued expenses | $9,604 |
| 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 | $317,575 |
| Total liabilities | $327,179 |
| Net assets without donor restrictions | $4,915,188 |
| Net assets with donor restrictions | $3,839,064 |
| 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 | $9,081,431 |
Grants Awarded
Over the last fiscal year, Chesapeake General Hospital Healthcare Foundation has awarded $459,019 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CHESAPEAKE REGIONAL MEDICAL CENTER PURPOSE: SEE PART IV | $90,000 |
CHESAPEAKE REGIONAL MEDICAL CENTER PURPOSE: SEE PART IV | $114,178 |
CHESAPEAKE REGIONAL MEDICAL CENTER PURPOSE: SEE PART IV | $65,753 |
CHESAPEAKE REGIONAL MEDICAL CENTER PURPOSE: SEE PART IV | $45,000 |
CHESAPEAKE REGIONAL MEDICAL CENTER PURPOSE: SEE PART VI | $36,796 |
CHESAPEAKE REGIONAL MEDICAL CENTER PURPOSE: see part vi | $37,190 |