Chesapeake Public Schools Educational Foundation
Chesapeake Public Schools Educational Foundation shows consistent asset growth and high program spending with no officer compensation.
EIN: 203655412 · Chesapeake, VA · NTEE: B122 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $345K |
| Total Expenses | $213K |
| Program Spending | 85% |
| Net Assets | $696K |
| Transparency Score | 92/100 |
Is Chesapeake Public Schools Educational Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chesapeake Public Schools Educational Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chesapeake Public Schools Educational Foundation
Chesapeake Public Schools Educational Foundation (EIN: 203655412) is a nonprofit organization based in Chesapeake, VA, classified under NTEE code B122. The organization reported total revenue of $345K and total assets of $810K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chesapeake Public Schools Educational Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chesapeake Public Schools Educational Foundation is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $229K |
| Total Expenses | $213K |
| Surplus / Deficit | +$16K |
| Total Assets | $696K |
| Net Assets | $696K |
| Operating Margin | 6.9% |
| Months of Reserves | 39.3 months |
Financial Health Grade: A
In 2023, Chesapeake Public Schools Educational Foundation reported a surplus of $16K with revenue exceeding expenses, holds 39.3 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Chesapeake Public Schools Educational Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.9% | +57.3% | +3.9% |
| 2022 | +12.5% | -46.0% | +5.8% |
| 2021 | +15.1% | +96.4% | +4.0% |
| 2020 | +15.7% | +24.2% | +10.2% |
| 2019 | -6.3% | -24.4% | +11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chesapeake Public Schools Educational Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Chesapeake Public Schools Educational Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $16K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all filing periods, indicating that its leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Chesapeake Public Schools Educational Foundation:
- Strong program spending ratio (85% in 2023)
- Consistent asset growth (from $496,247 in 2018 to $695,892 in 2023)
- No reported liabilities across all filing periods
- 0% officer compensation, indicating volunteer leadership
- Positive revenue trends over the long term
Frequently Asked Questions about Chesapeake Public Schools Educational Foundation
Is Chesapeake Public Schools Educational Foundation a legitimate charity?
Chesapeake Public Schools Educational Foundation (EIN: 203655412) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 92/100. It has 12 years of IRS 990 filings on record. Total revenue: $345K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Chesapeake Public Schools Educational Foundation spend its money?
Chesapeake Public Schools Educational Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Chesapeake Public Schools Educational Foundation tax-deductible?
Chesapeake Public Schools Educational Foundation is registered as a tax-exempt nonprofit (EIN: 203655412). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Chesapeake Public Schools Educational Foundation's spending goes to programs?
Chesapeake Public Schools Educational Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Chesapeake Public Schools Educational Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Chesapeake Public Schools Educational Foundation is above average for NTEE category B122 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chesapeake Public Schools Educational Foundation located?
Chesapeake Public Schools Educational Foundation is headquartered in Chesapeake, Virginia and files with the IRS under EIN 203655412. It is classified under NTEE code B122.
How many years of IRS 990 filings does Chesapeake Public Schools Educational Foundation have?
Chesapeake Public Schools Educational Foundation has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $345K in total revenue.
Is Chesapeake Public Schools Educational Foundation a good charity?
Yes, based on its financial data, the Chesapeake Public Schools Educational Foundation appears to be a good charity. It consistently allocates a high percentage of its expenses to programs (85% in 2023), has growing assets, and reports no liabilities or officer compensation, indicating strong financial health and efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved. Assets have grown from $496,247 in 2018 to $695,892 in 2023, and it consistently maintains no liabilities, demonstrating strong financial management and stability.
What is the organization's spending efficiency?
The organization demonstrates high spending efficiency, with 85% of its total expenses in 2023 dedicated to program services. This indicates that the vast majority of funds are directly supporting its mission.
Filing History
IRS 990 filing history for Chesapeake Public Schools Educational Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Chesapeake Public Schools Educational Foundation's revenue has grown by 96.8%, moving from $116K to $229K. Total assets increased by 128.5% over the same period, from $304K to $696K. Total functional expenses rose by 475.5%, from $37K to $213K. In its most recent filing year (2023), Chesapeake Public Schools Educational Foundation reported a surplus of $16K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $229K | $213K | $696K | $0 | — | View 990 |
| 2022 | $238K | $135K | $670K | $0 | — | View 990 |
| 2021 | $211K | $250K | $633K | $0 | — | View 990 |
| 2020 | $184K | $128K | $608K | $0 | — | View 990 |
| 2019 | $159K | $103K | $552K | $0 | — | View 990 |
| 2018 | $169K | $136K | $496K | $0 | — | — |
| 2017 | $142K | $67K | $463K | $0 | — | View 990 |
| 2016 | $286K | $415K | $389K | $0 | — | View 990 |
| 2015 | $162K | $71K | $519K | $0 | — | View 990 |
| 2014 | $126K | $151K | $429K | $0 | — | View 990 |
| 2013 | $201K | $52K | $454K | $0 | — | View 990 |
| 2012 | $116K | $37K | $304K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $229K, expenses of $213K, and assets of $696K (revenue -3.9% year-over-year).
- 2022: Revenue of $238K, expenses of $135K, and assets of $670K (revenue +12.5% year-over-year).
- 2021: Revenue of $211K, expenses of $250K, and assets of $633K (revenue +15.1% year-over-year).
- 2020: Revenue of $184K, expenses of $128K, and assets of $608K (revenue +15.7% year-over-year).
- 2019: Revenue of $159K, expenses of $103K, and assets of $552K (revenue -6.3% year-over-year).
- 2018: Revenue of $169K, expenses of $136K, and assets of $496K (revenue +19.5% year-over-year).
- 2017: Revenue of $142K, expenses of $67K, and assets of $463K (revenue -50.5% year-over-year).
- 2016: Revenue of $286K, expenses of $415K, and assets of $389K (revenue +76.5% year-over-year).
- 2015: Revenue of $162K, expenses of $71K, and assets of $519K (revenue +28.3% year-over-year).
- 2014: Revenue of $126K, expenses of $151K, and assets of $429K (revenue -37.1% year-over-year).
- 2013: Revenue of $201K, expenses of $52K, and assets of $454K (revenue +73.0% year-over-year).
- 2012: Revenue of $116K, expenses of $37K, and assets of $304K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chesapeake Public Schools Educational Foundation:
Data Sources and Methodology
This transparency report for Chesapeake Public Schools Educational Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.