Nonprofit · EIN 20-3244422
CHARTWAY PROMISE FOUNDATION
Tax-exempt · VIRGINIA BCH, VA 23462
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,248,513 | $1,137,894 | $110,619 | $387,519 | $84,174 | $303,345 |
| December 31, 2023 | 990 | $1,146,778 | $1,043,179 | $103,599 | $321,705 | $111,979 | $209,726 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,234,597
- Program service revenue
- $0
- Investment income
- $25,059
- Net income from fundraising events
- -$11,143
- Other revenue
- -$11,143
Expenses
- Grants and similar amounts paid
- $1,083,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,500
- Travel
- $212
- Program services (functional)
- $1,099,465
- Management and general (functional)
- $5,846
- Fundraising (functional)
- $32,583
Balance sheet and other
- Total assets, start of year
- $321,705
- Total assets, end of year
- $387,519
- Total liabilities, end of year
- $84,174
- Net assets, end of year
- $303,345
- Net assets without donor restrictions
- $283,845
- Net assets with donor restrictions
- $19,500
- Gross receipts
- $1,350,300
- Employees
- 0
- Volunteers
- 125
- Year formed
- 2005
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LANCE BROWN | DIRECTOR Trustee or director | 1.25 | $0 |
| THERESA DELP | BOARD SECRETARY Trustee or director, Officer | 2 | $0 |
| WAYNE FOSHAY | BOARD CHAIRMAN Trustee or director, Officer | 2.5 | $0 |
| JERRY FROSTICK | BOARD VICE CHAIR Trustee or director, Officer | 1.25 | $0 |
| BOB SINCLAIR JR | DIRECTOR Trustee or director | 1.25 | $0 |
| RICHARD MCGRATH | DIRECTOR Trustee or director | 1.25 | $0 |
| NANCY MCMAHON | DIRECTOR Trustee or director | 1.25 | $0 |
| TYLER QUIGLEY | DIRECTOR Trustee or director | 1.25 | $0 |
| BRIAN T SCHOOLS | DIRECTOR Trustee or director | 2 | $0 |
| LARA SHIELDS | DIRECTOR Trustee or director | 1.25 | $0 |
| PAUL ANNUNZIATA | TREASURER Trustee or director, Officer | 1.25 | $0 |
| MELINDA BARBISH | DIRECTOR Trustee or director | 1.25 | $0 |
| TOM BARTON | DIRECTOR Trustee or director | 1.25 | $0 |
| REBECCA RIORDAN | DIRECTOR Trustee or director | 1.25 | $0 |
| MELISSA CADE | DIRECTOR Trustee or director | 2 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAMDEN SELIG | DIRECTOR Trustee or director | 1.25 | $0 |
| CHRISTINE WILSON | PRESIDENT Officer | 40 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LANCE BROWN | DIRECTOR Trustee or director | 1.25 | $0 |
| THERESA DELP | BOARD SECRETARY Trustee or director, Officer | 2 | $0 |
| WAYNE FOSHAY | BOARD CHAIRMAN Trustee or director, Officer | 2.5 | $0 |
| JERRY FROSTICK | BOARD VICE CHAIR Trustee or director, Officer | 1.25 | $0 |
| BOB SINCLAIR JR | DIRECTOR Trustee or director | 1.25 | $0 |
| BEN LEMOINE | BOARD TREASURER Trustee or director, Officer | 1.25 | $0 |
| RICHARD MCGRATH | DIRECTOR Trustee or director | 1.25 | $0 |
| NANCY MCMAHON | DIRECTOR Trustee or director | 1.25 | $0 |
| TYLER QUIGLEY | DIRECTOR Trustee or director | 1.25 | $0 |
| BRIAN T SCHOOLS | DIRECTOR Trustee or director | 2 | $0 |
| WOOD SELIG | DIRECTOR Trustee or director | 1.25 | $0 |
| LARA SHIELDS | DIRECTOR Trustee or director | 1.25 | $0 |
| PAUL ANNUNZIATA | DIRECTOR Trustee or director | 1.25 | $0 |
| MEINDA BARBISH | DIRECTOR Trustee or director | 1.25 | $0 |
| TOM BARTON | DIRECTOR Trustee or director | 1.25 | $0 |
| REBECCA RIORDAN | DIRECTOR Trustee or director | 1.25 | $0 |
| CHRISTINE WILSON | PRESIDENT Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 5700 CLEVELAND ST STE 101, VIRGINIA BCH, VA 23462-1752
- In care of
- % CHARTWAY FEDERAL CREDIT UNION
- Principal officer (990 for 2024)
- CHRISTINE WILSON, 5700 CLEVELAND STREET 101, VIRGINIA BEACH, VA 23462
- Signed the 990
- PAUL ANNUNZIATA, BOARD TREASURER
- Phone
- (757) 233-7111
- Return prepared by
- DOEREN MAYHEW
Mission
CHARTWAY PROMISE FOUNDATION TO PROVIDE MEDICALLY FRAGILE CHILDEN AND THEIR FAMILIES MEMORABLE EXPERIENCES THAT BRING JOY, HOPE AND SMILES.
Program accomplishments
- PROVIDE FUNDING FOR MEMORABLE EXPERIENCES FOR MEDICALLY FRAGILE CHILDREN AND THEIR FAMILIES THAT BRING JOY, HOPE AND SMILES.Expenses $1,099,465 · grants $1,083,000
- N/A
- N/A
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-3244422
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $387,519
- Income (IRS master file)
- $1,350,300
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,248,513 | $1,137,894 | $387,519 | XML |
| 990 | December 2023 | $1,146,778 | $1,043,179 | $321,705 | XML |
| 990 | December 2022 | $898,239 | $856,777 | $878,127 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-3244422).
Questions about CHARTWAY PROMISE FOUNDATION
- What is the EIN of CHARTWAY PROMISE FOUNDATION?
- The employer identification number (EIN) of CHARTWAY PROMISE FOUNDATION is 20-3244422.
- Is CHARTWAY PROMISE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to CHARTWAY PROMISE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHARTWAY PROMISE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHARTWAY PROMISE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHARTWAY PROMISE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CHARTWAY PROMISE FOUNDATION?
- The 990 for the year ended December 31, 2024 names CHRISTINE WILSON.
- Who are the officers and directors of CHARTWAY PROMISE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 17 people; 0 received compensation from the organization.
- How much revenue does CHARTWAY PROMISE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,248,513, expenses of $1,137,894 and total assets of $387,519 at year end.
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