Chestnut Hill Community Fund
- Assets
- $1.3m
- Revenue
- $64.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 06/1999
- Data as of
- 03/2023
- EIN
- 23-7182955
Organization Overview
Chestnut Hill Community Fund is located in Philadelphia, PA. The organization was established in 1999. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chestnut Hill Community Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2023, Chestnut Hill Community Fund generated $64.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $63.4k during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (19.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SOLE PURPOSE OF THE ORGANIZATION IS TO ASSIST IN THE IMPROVEMENT OF THE QUALITY OF LIFE WITHIN THE CHESTNUT HILL SECTION OF PHILADELPHIA, PENNSYLVANIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHESTNUT HILL COMMUNITY FUND IS A SUPPORTING ORGANIZATION FOR THE CHESTNUT HILL COMMUNITY ASSOCIATION. GRANTS ARE PROVIDED TO HELP SUPPORT THE LOCAL COMMUNITY AND BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Clayton President | OfficerTrustee | 2.5 | $0 |
Tony Banks Vice Preside | OfficerTrustee | 2.5 | $0 |
Theodore Edwards Treasurer | 2.5 | $0 | |
Anne Mcniff Secretary | OfficerTrustee | 2.5 | $0 |
Andrew Glendinning Trustee | Trustee | 2.5 | $0 |
Richard Berkman Trustee | OfficerTrustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $186 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186 |
| Total Program Service Revenue | $0 |
| Investment income | $5,074 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $51,208 |
| Net Gain/Loss on Asset Sales | $8,283 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,751 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $28,500 |
| Fees for services: Legal | $2,499 |
| Fees for services: Accounting | $11,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,268 |
| Fees for services: Other | $1,640 |
| Advertising and promotion | $0 |
| Office expenses | $901 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $63,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,847 |
| Savings and temporary cash investments | $16,670 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,979 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,540 |
| Net Land, buildings, and equipment | $169,500 |
| Investments—publicly traded securities | $848,920 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,299,456 |
| Accounts payable and accrued expenses | $2,446 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,047 |
| Total liabilities | $20,493 |
| Net assets without donor restrictions | $1,278,963 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,299,456 |
Grants Awarded
Over the last fiscal year, Chestnut Hill Community Fund has awarded $80,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHESTNUT HILL LOCAL INC PURPOSE: SUPPORT | $40,000 |
CHESTNUT HILL COMMUNITY ASSOCIATION PURPOSE: COMMUNITY SUPPORT | $40,000 |