Darryl Chappell Foundation
- Assets
- $86.3k
- Revenue
- $43.9k
- Investments
- $76.7k
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 12/2023
- EIN
- 84-2779916
Organization Overview
Darryl Chappell Foundation is located in Washington, DC. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Darryl Chappell 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 12/2023, Darryl Chappell Foundation generated $43.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (32.4%) each year. All expenses for the organization totaled $90.0k during the year ending 12/2023. 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 |
|---|---|---|---|
Darryl Chappell Chairman And CEO | 40 | $0 | |
Molly Brown Left During 2023 Co-Chair | 1 | $0 | |
Darren Sharpe Left During 2023 Secretary | 1 | $0 | |
Emmanuel Kayode Treasurer | 1 | $0 | |
Royal Alley-Barnes Director | 1 | $0 | |
Steven Bennett Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $49,671 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,980 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$10,773 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,878 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,196 |
| Printing and publications | $0 |
| Other expenses | $20,013 |
| Total operating and administrative expenses | $49,750 |
| Contributions, gifts, grants paid | $40,200 |
| Total expenses and disbursements | $89,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,458 |
| Savings and temporary cash investments | $83 |
| 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 | $51,950 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $86,256 |
| 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, Darryl Chappell Foundation has awarded $40,200 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BUILDING BRIDGES ACROSS THE RIVER PURPOSE: 11TH STREET BRIDGE PARK | $8,000 |
GADIEL RIVERA PURPOSE: ARTIST OF THE YEAR AWARD | $1,000 |
LIGHT WORK PURPOSE: GENERAL OPERATING EXPENSES | $11,200 |
MUSEO DE ARTE DE PUERTO RICO PURPOSE: 2022-2023 ARTIST APPRENTICE | $20,000 |