New Chesapeake Men For Progress Education Foundation
- Assets
- $127.0k
- Revenue
- $22.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Chesapeake, VA
- Founding
- 06/2010
- Data as of
- 12/2021
- EIN
- 80-0565157
Organization Overview
New Chesapeake Men For Progress Education Foundation is located in Chesapeake, VA. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Chesapeake Men For Progress Education 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 12/2021, New Chesapeake Men For Progress Education Foundation generated $22.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $19.6k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE PLAYING A MAJOR ROLE IN INFLUENCING THE EDUCATION OF BLACK MALE YOUTH THROUGH A VARIETY OF PROGRAMS. BOTH SCHOLARSHIPS AND MENTORING SERVICES ARE PROVIDED TO BLACK MALE YOUTH AT THE ELEMENTARY AND SECONDARY LEVELS AS WELL AS PROVIDING SCHOOL SUPPLIES TO STUDENTS WHO CANNOT AFFORD THEM. WE ALSO ASSIST WITH ADULT SERVICES AND PROGRAMS SUCH AS JAIL MINISTRY, PARENT EDUCATION SEMINARS AND FINANCIAL EMPOWERMENT SEMINARS ASSIST ADULTS IN IMPROVING THEIR UNDERSTANDING OF ISSUES AFFECTING THEIR WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMERON LYLE JACKSON SCHOLARSHIP UNITED STATES NAVAL ACADEMY 200.00 LAYAYETTE ROBINSON SCHOLARSHIP NORFOLK STATE UNIVERSITY 500.00 ANTONIO GREEN SCHOLARSHIP NORFOLK STATE UNIVERSITY 500.00 CASTON REAVES SCHOLARSHIP NORTH CAROLINA STATE UNIVERSITY 1,000.00 JALEN JOHNSON SCHOLARSHIP GEORGE MASON UNIVERSITY 500.00 BRYCE CLEMONS SCHOLARSHIP MOOREHOUSE COLLEGE 1,000.00 ISAIAH MOOD SCHOLARSHIP HOWARD UNIVERSITY 1,000.00 KEYMARI REESE SCHOLARSHIP OLD DOMINION UNIVERSITY 1,500.00 AARON FISHER JR SCHOLARSHIP NORFOLK STATE UNIVERSITY 500.00 CALEB FULFORD SCHOLARSHIP WILLIAM AND MARY 500.00 JOEL GRIFFIN SCHOLARSHIP NORFOLK STATE UNIVERSITY 500.00 AKAI SENTHILL SCHOLARSHIP GEORGE MASON UNIVERSITY 1,000.00 CALEB WILSON SCHOLARSHIP GEORGE MASON UNIVERSITY 1,000.00 SCHOLARSHIP WESTERN CAROLINA 1,000.00
GROUND ZERO MENTORING 300 JUNETEENTH 200 GW CARVER ELEMENTRY SCHOOL SUPPLIES 250 THURGOOD MARSHALL ELEMENTRY 250 TRUTT INTERMEDIATE 250 NEW JOURNAL & GUIDE IMPACTING LIVES BREAKFAST 1000 CHESAPEAKE JUNVENILE SERVICES 250 CHESAPEAKE CENTER FOR CHILDREN SUCCESS 250 BETHANY BAPTIST CHURCH(T BALL SPONSORSHIP) 200
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hamilton Vice President | Officer | 5 | $0 |
Alvetta Alexander President | Officer | 5 | $0 |
George Reed Secretary | Officer | 5 | $0 |
Ronnie Griffin Treasurer | Officer | 5 | $0 |
Donald D Larrimore Financial Secretary | Officer | 5 | $0 |
William Clayton Bennet Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,311 |
| Fundraising events | $7,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,561 |
| Total Program Service Revenue | $0 |
| Investment income | $3,609 |
| 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 | $22,170 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,650 |
| 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 | $700 |
| 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 | $984 |
| Information technology | $125 |
| 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 | $1,110 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $325 |
| All other expenses | $0 |
| Total functional expenses | $19,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,334 |
| 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 | $32,697 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $127,031 |
| 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 | $127,031 |
| Total liabilities and net assets/fund balances | $127,031 |
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