Overview
What is Chesapeake Charities Inc?
Chesapeake Charities Inc, based in Stevensville, Maryland, serves as a pivotal hub for donors, nonprofits, businesses, and government agencies in the Chesapeake Bay region. With a team of four dedicated individuals, the organization provides financial, legal, and administrative support to over 80 component funds. By offering leadership training, grant writing, and evaluation services, Chesapeake Charities Inc fosters philanthropic connections and ensures maximum impact with every donation. Their mission is to encourage charitable giving, bolster community resources, and enable donors to continue making a difference. In 2019, they successfully secured over 600,000 in grant funding for various charitable groups.
Official website here: www.chesapeakecharities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star Rating.
Chesapeake Charities Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The charity is fully compliant with best practices, boasting a 100% independent board with 11 members. Its financial oversight is robust, as evidenced by a perfect score in the audit and oversight category.
The organization demonstrates exceptional financial efficiency, with a program expense ratio of 96.7%, indicating that the vast majority of its resources directly support its mission. It's also noteworthy that the charity has no material diversions of assets and maintains a healthy liabilities-to-assets ratio of just 2.06%. These metrics contribute to its high fundraising efficiency, where it costs only $0.002 to raise a dollar.
While the data highlights significant strengths in financial performance and governance, there are no specific limitations or concerns noted in the feedback. Overall, Chesapeake Charities Inc exemplifies a well-managed organization committed to transparency and impactful use of donor funds.
This AI summary has been generated from information found on Charity Navigator.
Is Chesapeake Charities Inc legitimate?
Chesapeake Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chesapeake Charities Inc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $155,734
Professional Fundraising Fees: $0
Other Salaries and Wages: $68,871
For more financial information, click here
Official website here: www.chesapeakecharities.org
What is the mission statement of Chesapeake Charities Inc?
Chesapeake Charities Inc's mission is to provide innovative leadership and high-quality services, encouraging charitable giving and fostering the development of community resources. By offering financial, legal, and administrative support to over 80 component funds, the organization serves as a vital knowledge center for donors, nonprofits, businesses, and government agencies. Additionally, Chesapeake Charities provides training in areas such as grant writing and evaluation, aiming to maximize the collective impact of every donation. In 2019, they successfully secured over 600,000 dollars in grant funding for various charitable groups.
Official website here: www.chesapeakecharities.org
Who is the CEO of Chesapeake Charities Inc?
Linda Kohler is the Executive Director of Chesapeake Charities Inc.
Official website here: www.chesapeakecharities.org
What is the revenue of Chesapeake Charities Inc?
Chesapeake Charities Inc's revenue in 2021 was $2,553,598.
Official website here: www.chesapeakecharities.org
Who are the executives of Chesapeake Charities Inc and what are their salaries?
The average compensation at Chesapeake Charities Inc during 2021 was $56,151. There are 4 employees and 11 volunteers at Chesapeake Charities Inc.
Here are 12 key members and their salaries:
- Compensation: $88,454
- Related: $0
- Other: $67,129
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.chesapeakecharities.org
Where can I find the form 990 for Chesapeake Charities Inc?
Chesapeake Charities Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.chesapeakecharities.org
Learn more at the official website: www.chesapeakecharities.org
Mission Statement of Chesapeake Charities Inc
Chesapeake Charities Inc is committed to providing innovative leadership and high-quality services that encourage charitable giving, contribute to building community resources, and enable donors to sustain their philanthropic endeavors. This mission-driven organization serves as a central hub of knowledge for donors, nonprofits, businesses, and government agencies in the Chesapeake Bay region. By offering financial, legal, and administrative support to over 80 component funds, Chesapeake Charities Inc plays a crucial role in connecting resources and donors to ensure the most significant collective impact is achieved with each donation. In 2019, the organization was successful in securing over 600,000 dollars in grant funding for various charitable groups.
In essence, Chesapeake Charities Inc serves as a bridge between donors and nonprofits, leveraging its expertise in philanthropy to facilitate the most effective and impactful use of charitable funds. The organization's mission is to create an environment that encourages and supports charitable giving, fostering the growth and sustainability of community resources. By providing leadership training, grant writing, and evaluation services, Chesapeake Charities Inc helps nonprofits, businesses, and government agencies to maximize their impact, ultimately benefiting the broader community.
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Impact
October, 2024
Chesapeake Charities Inc plays a pivotal role in enhancing charitable giving and building community resources in the Chesapeake Bay region. By offering financial, legal, and administrative support to over 80 component funds, it serves as a crucial hub for donors, businesses, and government agencies. The organization specializes in philanthropy, working tirelessly to connect individuals and resources to maximize the impact of charitable contributions.
In 2019 alone, Chesapeake Charities successfully secured more than $600,000 in grant funding for various charitable groups, demonstrating its effectiveness in amplifying support for local causes. Additionally, it provides essential leadership training, grant writing, and evaluation services, equipping organizations with the tools needed for sustainable growth and success. Through its innovative leadership and commitment to quality service, Chesapeake Charities Inc fosters a culture of giving that enriches the community and ensures that donations achieve the greatest collective impact.
This information is meant to be a general summary of Chesapeake Charities Inc. 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 2021.
- Investment Income: $71,195
- Program Service Revenue: $52,083
- Gross Receipts: $2,563,062
Assets and Liabilities:
- Total Assets: $5,469,499
- Total Liabilities: $113,105
- Net Assets: $5,356,394
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$52,083
Organization Details
Founding Year
2003
Phone
(410) 643-4020Principal Officer
Linda Kohler
Main Address
101 LOG CANOE CIRCLE STE O, Stevensville, MD, 21666
Website
www.chesapeakecharities.orgNTEE Category
Code: T31 - Philanthropy
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