Overview
What is Chesapeake Bay Wine Classic Foundation?
The Chesapeake Bay Wine Classic Foundation is a nonprofit organization situated in Virginia Beach, Virginia. Their primary focus is on making charitable donations to other exempt organizations, primarily aimed at providing advanced education opportunities for the youth in Hampton Roads. Beyond this, their mission extends to supporting and promoting viticulture and oenology in the region, as well as funding medical research. The foundation functions as a catalyst for growth and development in these areas, contributing to the betterment of the local community's youth and overall well-being.
Official website here: www.cbwc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Chesapeake Bay Wine Classic Foundation has received a Three-Star rating from Charity Navigator, with a score of 81% primarily reflecting its commitment to accountability and finance. This high score indicates effective management of financial resources, transparency, and adherence to best practices within the nonprofit sector.
The organization boasts a fully independent board, with 16 independent members, which underscores its governance integrity. Additionally, there are no reported material diversions of assets, and the foundation has implemented several key policies, including conflict of interest and whistleblower policies, enhancing its operational transparency and accountability.
One notable strength is the foundation's impressive program expense ratio of 86.12%, suggesting that a significant portion of its funds is directed towards its charitable programs. However, while the financial metrics are strong, further details about program outcomes and community impact could provide a more comprehensive picture of the organization's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Chesapeake Bay Wine Classic Foundation legitimate?
Chesapeake Bay Wine Classic Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chesapeake Bay Wine Classic 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cbwc.org
What is the mission statement of Chesapeake Bay Wine Classic Foundation?
The Chesapeake Bay Wine Classic Foundation's mission is centered around providing financial aid to organizations that focus on the support and advanced education of youth. Additionally, the foundation seeks to promote viticulture and oenology in the Hampton Roads region. Furthermore, it is dedicated to supporting medical research. In practice, the foundation makes donations primarily to charitable exempt organizations that prioritize providing advanced education for the youth of Hampton Roads.
Official website here: www.cbwc.org
Who is the CEO of Chesapeake Bay Wine Classic Foundation?
Robert A Dardenne is the Director of Chesapeake Bay Wine Classic Foundation.
Official website here: www.cbwc.org
What is the revenue of Chesapeake Bay Wine Classic Foundation?
Chesapeake Bay Wine Classic Foundation's revenue in 2022 was $1,481,367.
Official website here: www.cbwc.org
Who are the executives of Chesapeake Bay Wine Classic Foundation and what are their salaries?
Here are 18 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cbwc.org
Where can I find the form 990 for Chesapeake Bay Wine Classic Foundation?
Chesapeake Bay Wine Classic Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cbwc.org
Learn more at the official website: www.cbwc.org
Mission Statement of Chesapeake Bay Wine Classic Foundation
The Chesapeake Bay Wine Classic Foundation is committed to three primary objectives. Firstly, it aims to provide financial assistance to organizations that are dedicated to supporting and enhancing the education of youth in their community. Secondly, the foundation seeks to promote viticulture and oenology, which are the sciences of grape cultivation and wine production, within the Hampton Roads region. Lastly, the foundation is passionate about promoting medical research, contributing to advancements in healthcare and wellness. The foundation achieves its mission by making donations to charitable exempt organizations that primarily focus on providing advanced education for the youth of Hampton Roads.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Chesapeake Bay Wine Classic Foundation's impact includes providing funds to organizations dedicated to the support and advanced education of youth, promoting viticulture and oenology in Hampton Roads, and supporting medical research. Through its philanthropic efforts, the foundation contributes to the educational development of the youth in Hampton Roads, fosters growth in the wine and grape industry, and contributes to advancements in medical research.
This information is meant to be a general summary of Chesapeake Bay Wine Classic 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.
- Gross Receipts: $2,132,209
Assets and Liabilities:
- Total Assets: $288,487
- Total Liabilities: $0
- Net Assets: $288,487
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1995
Phone
(757) 200-9463Principal Officer
Robert A Dardenne
Main Address
POST OFFICE BOX 1175, VIRGINIA BEACH, VA, 234510175
Website
www.cbwc.orgNTEE Category
Code: T70Z - Philanthropy
If you are a representative of Chesapeake Bay Wine Classic Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.