Chesapeake Bay Wine Classic Foundation
- Assets
- $243.9k
- Revenue
- $294.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 03/1998
- Data as of
- 06/2021
- EIN
- 54-1831607
Organization Overview
Chesapeake Bay Wine Classic Foundation is located in Virginia Beach, VA. The organization was established in 1998. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Chesapeake Bay Wine Classic 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 06/2021, Chesapeake Bay Wine Classic Foundation generated $294.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $174.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (20.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Chesapeake Bay Wine Classic Foundation has awarded 62 individual grants totaling $2,122,280. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDS TO ORGANIZATIONS DEDICATED TO THE SUPPORT AND ADVANCED EDUCATION OF OUR YOUTH;TO PROMOTE VITICULTURE AND OENOLOGY IN HAMPTON ROADS; TO PROMOTE MEDICAL RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO OTHER CHARITABLE EXEMPT ORGANIZATIONS PRIMARILY FOCUSED ON PROVIDING ADVANCED EDUCATION FOR THE YOUTH OF HAMPTON ROADS.
COSTS ASSOCIATED WITH WINE EDUCATION SEMINARS.
DONATIONS TO OTHER CHARITABLE EXEMPT ORGANIZATIONS PRIMARILY FOCUSED ON PROVIDING ADVANCED EDUCATION FOR THE YOUTH OF HAMPTON ROADS.
COSTS ASSOCIATED WITH WINE EDUCATION SEMINARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hadder Director | OfficerTrustee | 2 | $0 |
Robert A Dardenne Treasurer | OfficerTrustee | 5 | $0 |
Jennie Capps Secretary | OfficerTrustee | 40 | $0 |
Taylor Franklin Chairman, President | OfficerTrustee | 8 | $0 |
Robert M Stanton Director | Trustee | 2 | $0 |
Joe Takach Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $155,479 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $16,480 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,479 |
| 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 | $139,018 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $294,497 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $61,250 |
| 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 | $81,250 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,179 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $220 |
| 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 | $16,273 |
| All other expenses | $0 |
| Total functional expenses | $174,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,944 |
| 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 | $243,944 |
| 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 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $243,944 |
| Total liabilities and net assets/fund balances | $243,944 |
Grants Awarded
Over the last fiscal year, Chesapeake Bay Wine Classic Foundation has awarded $122,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Norfolk, VA PURPOSE: SCHOLARSHIPS | $45,000 |
Norfolk, VA PURPOSE: SCHOLARSHIPS | $45,000 |
Norfolk, VA PURPOSE: SCHOLARSHIPS | $16,250 |
Norfolk, VA PURPOSE: SCHOLARSHIPS | $16,250 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Chesapeake Bay Wine Classic Foundation has recieved totaling $115,418.
| Awarding Organization | Amount |
|---|---|
Franklin Family Foundation Virginia Beach, VA PURPOSE: TO PROVIDE FUNDS TO ORGANIZATIONS DEDICATED TO THE SUPPORT AND ADVANCED EDUCATION OF OUR YOUTH; TO PROMOTE VITICULTURE AND OENOLOGY IN HAMPTON ROADS; TO PROMOTE MEDICAL RESEARCH | $44,403 |
Charles Barker Champions For Charity Inc Virginia Beach, VA | | $25,000 |
United Way Of South Hampton Roads Norfolk, VA PURPOSE: GRANTS AWARDED | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $20,000 |
Virginia And John L Sinclair Foundation Inc Avon, IN PURPOSE: CHARITABLE | $3,000 |
Williams Mullen Foundation Richmond, VA PURPOSE: SPONSORSHIP OF EVENT | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The United Way Of Central Maryland Inc Baltimore, MD | $67,768,699 | $88,763,556 |
Associated Jewish Community Federation Of Baltimore Inc Baltimore, MD | $42,735,304 | $45,612,361 |
Associated Jewish Charities Of Baltimore Baltimore, MD | $398,678,795 | $51,667,875 |
United Way Of Middle Tennessee Inc Nashville, TN | $71,875,939 | $59,642,100 |
Americas Charities Chantilly, VA | $19,664,098 | $37,274,660 |
The Jewish Federation Of Greater Washington Inc North Bethesda, MD | $260,201,202 | $41,780,933 |
United Way Of South Hampton Roads Norfolk, VA | $66,003,873 | $28,678,324 |
Metro United Way Inc Louisville, KY | $52,656,581 | $25,773,108 |
United Way Of The National Capital Area Vienna, VA | $52,010,356 | $25,572,571 |
United Way Of Greater Richmond Richmond, VA | $16,886,120 | $22,666,995 |
United Way Of Greater Charlotte Charlotte, NC | $28,665,296 | $24,251,139 |
Chc Creating Healthier Communities Alexandria, VA | $23,119,840 | $20,885,598 |