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Chartway Promise Foundation

Tax-deductible

Virginia Bch, VA501(c)(3)Foundations & GrantmakersEIN 20-3244422

To provide grant awards to charitable children's organizations that share our commitment to making dreams come true for children struggling with life-threatening illnesses or severe hardship.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Run by 75 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $36K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $24K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$84K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+9% vs prior year
Spent
$1.1M
To programs
97%
Net assets
$303K
By yearFY2020–FY2024
Revenue
$1.2M
FY2024▲ +9%
Revenue by fiscal year
FY2020$542K
FY2021$700K
FY2022$898K
FY2023$1.1M
FY2024$1.2M
Expenses
$1.1M
FY2024▲ +9%
Expenses by fiscal year
FY2020$625K
FY2021$693K
FY2022$857K
FY2023$1.0M
FY2024$1.1M
Net assets
$303K
FY2024▲ +45%
Net assets by fiscal year
FY2020$60K
FY2021$67K
FY2022$108K
FY2023$210K
FY2024$303K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $1.1M Management & general 1% · $6K Fundraising 3% · $33K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation
Lance Brown
Director
$0Pt VII · Sec A
Theresa Delp
Board Secretary
$0Pt VII · Sec A
Wayne Foshay
Board Chairman
$0Pt VII · Sec A
Jerry Frostick
Board Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Chartway Promise Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Awards grants to children's charities helping kids with serious illnesses or hardship.

Provided by the organization

This section is blank until Chartway Promise Foundation claims this page.

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1 program service account for $1.1M of program spending, described in the organization's own filed words · FY2024.
01

Provide funding for memorable experiences for medically fragile children and their families that bring joy, hope and smiles.

$1.1Mprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
J&a Racing Foundation INCFY2024$13K
Fidelity Investments Charitable Gift FundFY2024$10K
Virginia and John L Sinclair Foundation INCFY2024$1K
Total grants receivedfrom 3 funders$24K
See all 3 funders →
Grants paid · 66 grants · $3.9M · 2020–2024
Make-A-Wish Foundation of Utah INCUT · FY2024$245,000
Make a Wish Foundation of Greater VirginiaVA · FY2024$175,000
Tobys Dream Foundation INCVA · FY2024$100,000
Hooked on Hope VbVA · FY2024$65,000
FactVA · FY2024$57,000
St Marys Home for Disabled Children INCVA · FY2024$50,000
ChkdVA · FY2024$50,000
Intermountain Healthcare Foundation INCUT · FY2024$30,000
Team Hoyt VbVA · FY2024$21,000
Make-A-Wish Foundation of the Texas Gulf Coast and Louisiana INCTX · FY2024$20,000
Easterseals UcpFY2024$16,000
Ronald McDonald House Charities of the Intermountain Area INCUT · FY2024$15,000
Eye Care for Kids - UtahUT · FY2024$15,000
Cats Hampton RoadsVA · FY2024$15,000
Ability Found CorporationUT · FY2024$15,000
Eliza Hope FoundationVA · FY2024$12,500
Walk with Autism LtdUT · FY2024$10,000
Best Seat in the HouseUT · FY2024$10,000
See all 66 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$25K
Money outPt IX
$1.1M
Ln 25
Programscol B$1.1M
Managementcol C$6K
Fundraisingcol D$33K
Owns and owesPt X
$303K
net assets · Ln 32
Cash and savingsLn 1–2$293K
Total assetsLn 16$388K
LiabilitiesLn 26$84K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Fundraising eventsLn 1c$133K
Investment incomeLn 3$25K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$165K
SavingsLn 2$128K
Cash and savings togetherLn 1–2$293K
Other assetsLn 15$72
Total assetsLn 16$388K
LiabilitiesLn 26$84K
Net assetsLn 32$303K
OperationsPt I, VI
EmployeesI 50
VolunteersI 675
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$203K$293K
Total assetsLn 16$322K$388K
LiabilitiesLn 26$112K$84K
Net assetsLn 32$210K$303K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M$1.1M
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$325$325
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$40$40
TravelLn 17$212$212
Conferences, conventions and meetingsLn 19$144$144
Other expenses (24a–d)Ln 24$29K$29K
All other expensesLn 24e$11K$6K$2K$4K
Total functional expensesLn 25$1.1M$1.1M$6K$33K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.2M$1.1M$111K$303K 990 PDF
FY2023 $1.1M$1.0M$104K$210K 990 PDF
FY2022 $898K$857K$41K$108K 990 PDF
FY2021 $700K$693K$7K$67K 990 PDF
FY2020 $542K$625K−$83K$60K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,248,513 across 6 lines filed
VIII-1c Fundraising events$133,122
VIII-1f All other contributions, gifts and grants$1,101,475
VIII-1h Total contributions, gifts and grants$1,234,597
VIII-3 Investment incomeExcluded from tax $25,059$25,059
VIII-8 Net income from fundraising eventsExcluded from tax −$11,143−$11,143
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $13,916$1,248,513
Part IX · Statement of functional expenses $1,137,894 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $1,083,000$1,083,000
IX-11c Accounting feesManagement $3,500$3,500
IX-11g Other fees for servicesManagement $325$325
IX-12 Advertising and promotionPrograms $10,815$10,815
IX-13 Office expensesManagement $40$40
IX-17 TravelManagement $212$212
IX-19 Conferences, conventions and meetingsManagement $144$144
IX-24 Other expenses (24a–d)Fundraising $29,054$29,054
IX-24e All other expensesPrograms $5,650 · Management $1,625 · Fundraising $3,529$10,804
IX-25 Total functional expensesPrograms $1,099,465 · Management $5,846 · Fundraising $32,583$1,137,894
Part X · Balance sheet $387,519 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $162,042$164,905
X-2 Savings and temporary cash investmentsStart of year $41,433$127,884
X-3 Pledges and grants receivableStart of year $118,230$94,658
X-15 Other assets$72
X-16 Total assetsStart of year $321,705$387,519
X-17 Accounts payable and accrued expensesStart of year $879$19,174
X-18 Grants payableStart of year $111,100$65,000
X-26 Total liabilitiesStart of year $111,979$84,174
X-27 Net assets without donor restrictionsStart of year $149,726$283,845
X-28 Net assets with donor restrictionsStart of year $60,000$19,500
X-32 Total net assets or fund balancesStart of year $209,726$303,345
X-33 Total liabilities and net assetsStart of year $321,705$387,519
Part XI · Reconciliation of net assets $303,345 net assets at year end
XI-1 Total revenue$1,248,513
XI-2 Total expenses$1,137,894
XI-3 Revenue less expenses$110,619
XI-4 Net assets at start of year$209,726
XI-8 Prior period adjustments−$17,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$303,345

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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