Chesterman Family Foundation
- Assets
- $52.0k
- Revenue
- $12.6k
- Investments
- $40.5k
- Employees
- 0
- Location
- Roanoke, VA
- Founding
- 11/1997
- Data as of
- 03/2024
- EIN
- 31-1524334
Organization Overview
Chesterman Family Foundation is located in Roanoke, VA. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chesterman Family Foundation 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 03/2024, Chesterman Family Foundation generated $12.6k 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 (4.6%) each year. All expenses for the organization totaled $35.4k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Chesterman Family Foundation has awarded 109 individual grants totaling $436,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,012 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,576 |
| Capital Gain Net Income | $10,576 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,588 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,880 |
| Contributions, gifts, grants paid | $33,500 |
| Total expenses and disbursements | $35,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,585 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $40,462 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $52,047 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Chesterman Family Foundation has awarded $33,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CHRIST EPISCOPAL CHURCH PURPOSE: TO FURTHER FOUNDATION'S MISSIONS | $2,000 |
NEW HOPE UGANDA PURPOSE: TO FURTHER FOUNDATION'S MISSIONS | $2,500 |
NEW SONG CHURCH PURPOSE: TO FURTHER FOUNDATION'S MISSIONS | $5,000 |
THE LEAST OF THESE MINISTRIES PURPOSE: TO FURTHER FOUNDATION'S MISSIONS | $2,500 |
CALIFORNIA BAPTIST UNIVERSITY PURPOSE: TO FURTHER FOUNDATION'S MISSIONS | $2,500 |
EDEN MISSION PURPOSE: TO FURTHER FOUNDATION'S MISSIONS | $2,500 |