Chapel Haven Endowment Inc
- Assets
- $11.9m
- Revenue
- $61.9k
- Investments
- $0.0
- Employees
- 0
- Location
- New Haven, CT
- Founding
- 06/2008
- Data as of
- 06/2022
- EIN
- 26-2242797
Organization Overview
Chapel Haven Endowment Inc is located in New Haven, CT. The organization was established in 2008. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chapel Haven Endowment Inc 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 06/2022, Chapel Haven Endowment Inc generated $61.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (58.4%) each year. All expenses for the organization totaled $3.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (57.7%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE ATTACHEDCHAPEL HAVEN ENDOWMENT'S PURPOSE IS TO MANAGE INVESTMENTS FOR THE LONG TERM FINANCIAL STABILITY OF CHAPEL HAVEN SCHLEIFER CENTER, INC. THE RETURN FROM THESE INVESTMENTS IS TO BE DISTRIBUTED TO CHAPEL HAVEN SCHLEIFER CENTER, INC. FOR UNRESTRICTED AND OPERATIONAL USE WHEN APPROVED BY THE BOARD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MANAGES AND DISTRIBUTES ASSETS FOR THE BENEFIT OF CHAPEL HAVEN SCHLEIFER CENTER, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy Baker Chairperson | OfficerTrustee | 0.5 | $0 |
David Kesner Vice Chairperson | OfficerTrustee | 0.5 | $0 |
Michael Gavin Treasurer | OfficerTrustee | 0.5 | $0 |
Robert Nurin Secretary | OfficerTrustee | 0.5 | $0 |
Mike Storz President | Officer | 1 | $0 |
Frank Hughes Vice President Finance | Officer | 1 | $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 | $10,575 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,575 |
| Total Program Service Revenue | $0 |
| Investment income | $51,295 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $3,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,471,915 |
| Pledges and grants receivable | $1,585,553 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,846,423 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,903,891 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,965,031 |
| Total liabilities | $3,965,031 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $7,938,860 |
| 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 | $11,903,891 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chapel Haven Endowment Inc has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $13,000 |
Endowment Analysis
| Beg. Balance | $7,734,249 |
| Earnings | -$650,101 |
| Admin Expense | $9,011 |
| Net Contributions | $10,575 |
| Ending Balance | $7,085,712 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Episcopal Church Foundation New York, NY | $650,053,865 | $6,623,247 |
American Friends Of Lev Aharon New York, NY | $614,615 | $3,691,815 |
Jewish Foundation Of Greater New Haven Inc Woodbridge, CT | $82,672,017 | $6,191,311 |
Friends Of Odyssey Impact Inc New York, NY | $9,035,601 | $1,158,270 |
Trustees Of Colt Bequest Inc Hartford, CT | $74,046,070 | $7,649,069 |
Icny Land Owner Corporation New York City, NY | $36,528,101 | $2,265,710 |
Shuvi Nafshi Foundation Inc Brooklyn, NY | $171,733 | $1,661,417 |
Jem Foundation Inc Brooklyn, NY | $1,781,037 | $2,083,795 |
American Friends Of Migdal Torah Inc Brooklyn, NY | $316,032 | $1,219,610 |
Chaim Larachamin Foundation Brooklyn, NY | $0 | $999,350 |
Friends Of Our Lady Of Martyrs Shrine Inc Fultonville, NY | $735,114 | $548,617 |
American Friends Of Yeshiva Meah Shearim Inc Flushing, NY | $5,627 | $826,277 |