Chaney Foundation Ltd
- Assets
- $3.1m
- Revenue
- $977.7k
- Investments
- $2.2m
- Employees
- 0
- Location
- Gambrills, MD
- Founding
- 10/1987
- Data as of
- 12/2022
- EIN
- 52-1525001
Organization Overview
Chaney Foundation Ltd is located in Gambrills, MD. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Chaney Foundation Ltd 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 12/2022, Chaney Foundation Ltd generated $977.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $321.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebekah Lare Vice President/director | 1 | $0 | |
Daniel Kurek Treasurer/director | 1 | $0 | |
Barbara Lawson Secretary/director | 1 | $0 | |
Francis H Chaney III President/director | 1 | $0 | |
Francis Chaney II Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $757,145 |
| Interest on Savings | $6,160 |
| Dividends & Interest | $56,171 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$28,462 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $186,663 |
| Total Revenue | $977,677 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $59 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $144,136 |
| Total operating and administrative expenses | $163,348 |
| Contributions, gifts, grants paid | $157,795 |
| Total expenses and disbursements | $321,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $906,150 |
| Savings and temporary cash investments | $0 |
| 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 | $926,188 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,079,646 |
| 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, Chaney Foundation Ltd has awarded $157,795 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
SERC PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATIONS EXEMPT PURPOSE | $325 |
ALLIANCE FOR CHESAPEAKE BAY PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATIONS EXEMPT PURPOSE | $625 |
COMMUNITY FOUNDATION OF ANNE ARUNDEL COUNTY PURPOSE: TO CONTRIBUTE TO THE FUND OF HOPE AND THE FUND FOR LAND USE BENEFITING ANNE ARUNDEL COUNTY, MD. | $149,295 |
ANNAPOLIS GREEN PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATIONS EXEMPT PURPOSE | $350 |
ANNAPOLIS MARITIME MUSEUM PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATIONS EXEMPT PURPOSE | $525 |
HISTORIC ANNAPOLIS PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATIONS EXEMPT PURPOSE | $450 |