Overview
What is Chartway Promise Foundation?
Chartway Promise Foundation is a benevolent organization situated in Virginia Beach, Virginia. Their primary mission is to offer financial assistance to various children's charities, including three chapters of the Make-A-Wish Foundation, Roc Solid Foundation, Toby's Dream, FACT, CHKD, Equi-Kids, St. Mary's Home, and numerous other programs focusing on children's well-being. The foundation's objectives are to provide grant awards to charitable organizations that share their commitment to bringing joy, hope, and smiles to children dealing with life-threatening illnesses or severe hardship, thereby fulfilling their mission of making dreams come true for these young individuals.
Official website here: www.info@chartwaypromisefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
The Chartway Promise Foundation has received an overall score of 85%, reflecting a solid performance in accountability and finance, as well as a strong commitment to community engagement. With a perfect score for leadership and adaptability, it demonstrates effective governance and strategic direction, which is essential for sustaining its programs and initiatives. The foundation's financial management is commendable, highlighted by a program expense ratio of 95.11%, indicating that the majority of its funding is directed towards its charitable activities.
Strengths of the foundation include its fully independent board, which comprises 100% independent members, ensuring effective oversight and minimizing conflicts of interest. The organization also adheres to best practices with policies in place for whistleblowing, conflict of interest, and document retention. These measures contribute to a trustworthy operational framework and underscore the foundation's commitment to transparency.
However, while the foundation exhibits strong accountability and community culture, the lower scores in leadership and adaptability suggest potential areas for growth or focus. It may benefit from continued efforts to enhance its adaptability to changing circumstances and needs within the community it serves. Overall, the Chartway Promise Foundation stands out for its financial prudence and governance practices, making it a reliable choice for donors looking to support philanthropic causes.
This AI summary has been generated from information found on Charity Navigator.
Is Chartway Promise Foundation legitimate?
Chartway Promise Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chartway Promise Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.info@chartwaypromisefoundation.org
What is the mission statement of Chartway Promise Foundation?
The Chartway Promise Foundation's mission is centered around providing support to charitable children's organizations that share its commitment to improving the lives of children battling life-threatening illnesses or experiencing severe hardship. The foundation aims to provide life-altering experiences that bring joy, hope, and smiles to these children, helping them navigate through their medical challenges. To accomplish this, the Chartway Promise Foundation grants funds to various organizations, including chapters of the Make-A-Wish Foundation, Roc Solid Foundation, Toby's Dream, FACT, CHKD, Equi-Kids, St. Mary's Home, and numerous other children's programs that align with its mission.
Official website here: www.info@chartwaypromisefoundation.org
Who is the CEO of Chartway Promise Foundation?
Christine Wilson is the Board Chairm of Chartway Promise Foundation.
Official website here: www.info@chartwaypromisefoundation.org
What is the revenue of Chartway Promise Foundation?
Chartway Promise Foundation's revenue in 2022 was $898,239.
Official website here: www.info@chartwaypromisefoundation.org
Who are the executives of Chartway Promise Foundation and what are their salaries?
There 200 volunteers at Chartway Promise Foundation.
Here are 14 key members and their salaries:
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Official website here: www.info@chartwaypromisefoundation.org
Where can I find the form 990 for Chartway Promise Foundation?
Chartway Promise Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.info@chartwaypromisefoundation.org
Learn more at the official website: www.info@chartwaypromisefoundation.org
Mission Statement of Chartway Promise Foundation
Chartway Promise Foundation, a charitable organization, is committed to making dreams come true for children who are battling life-threatening illnesses or facing severe hardship. Their mission is to provide life-changing experiences that bring joy, hope, and smiles to these children. To achieve this, Chartway Promise Foundation grants funds to various children's organizations that share their commitment, including chapters of the Make-A-Wish Foundation, Roc Solid Foundation, Toby's Dream, FACT, CHKD, EQUI-Kids, St. Mary's Home, and numerous other children's programs that align with their mission. These organizations provide vital support to children in need, helping them overcome their challenges and find happiness in the face of adversity. The Foundation's work is focused on bringing light into the lives of these children, offering them a respite from their struggles and providing them with experiences that bring hope and joy.
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Impact
October, 2024
Chartway Promise Foundation creates significant impact by granting awards to various charitable children's organizations dedicated to brightening the lives of children facing serious health challenges or hardships. Through partnerships with reputable organizations like the Make-A-Wish Foundation, ROC Solid Foundation, and Toby's Dream, the foundation facilitates life-changing experiences that foster joy, hope, and laughter for these children.
By funding initiatives at organizations such as FACT, CHKD, and EQUI-KIDS, Chartway Promise Foundation supports programs that address the emotional and physical needs of children dealing with life-threatening illnesses. Their mission is rooted in the belief that every child deserves a chance to smile, and by delivering resources to these vital programs, they help create memorable experiences that can bring light during difficult times.
Each grant awarded represents an opportunity for a child to experience happiness and connection, transforming their struggles into moments of celebration and support. In this way, the foundation plays a crucial role in uplifting families and communities, making a meaningful difference in the lives of many.
This information is meant to be a general summary of Chartway Promise Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $207
- Gross Receipts: $1,029,197
Assets and Liabilities:
- Total Assets: $878,127
- Total Liabilities: $770,000
- Net Assets: $108,127
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Organization Details
Founding Year
2005
Phone
(757) 233-7111Principal Officer
Christine Wilson
Main Address
5700 CLEVELAND STREET 101, VIRGINIA BEACH, VA, 23462
NTEE Category
Code: T30 - Philanthropy
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