Chalfonte Foundation EIN 38-3568149

Chalfonte Foundation

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Offers spiritual, emotional, financial, and educational aid to children, youth, families, and communities. For fiscal year 2024 it reported $254K in revenue, $227K in expenses, and $913K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Elk Rapids, MI
Website
www.chalfonte.org
Filings
5 on file (2020–2024)
Revenue
$254KFY2024
Expenses
$227K
Net assets
$913K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  38-3568149 Public charity (501(c)(3)) Elk Rapids, MI
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers spiritual, emotional, financial, and educational aid to children, youth, families, and communities.
Leadership
Bri Hayes · Vice President · $15K
Money in and out
$254K revenue, $227K expenses
Bottom line
88% program efficiency
Where the money goes · FY2024
Total revenue
$254K
Pt VIII · Ln 12
Total expenses
$227K
Pt IX · Ln 25
Net assets
$913K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $28K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.09 Fundraising $0.03
Program efficiency
88%
of spending reaches programs▲ +42% vs prior filing year
Operating runway
16.3mo
months of highly liquid reserves at operating expense rate▲ +38% vs prior filing year
Surplus margin
+11%
revenue over expenses, this year▼ -46% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$254K
FY2024▼ -32%
Expenses
$227K
FY2024▼ -24%
Total assets
$1.2M
FY2024▲ +3%
Total liabilities
$320K
FY2024▲ +9%
Total revenue
$254K
Pt VIII · Ln 12
Total expenses
$227K
Pt IX · Ln 25
Net assets
$913K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$28K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $199K of program spending, described in the organization's own filed words · FY2024.
01

Arts and Culture

1. Visual and Performing Arts - Plan, produce, and present cultural arts programming for children, youth, families and community members. The program involves hosting exhibitions, lectures, concerts, arts and crafts classes and activities, and visits to museums and cultural events. 2.

$181Kprogram expense
02

Broadcast Media Arts

1. Produced live internet based television broadcasts of concerts and performances at the Chalfonte Theatre. 2. Began broadcasting on a new FCC licensed low power community radio station at 99.7 on the FM dial in Elk Rapids, MI. This program includes 10 adult radio DJs and 4 youth DJ interns ages 10 to 17.

$15Kprogram expense
03

Children and Communities Initiative

1. Chalfonte House - Provided accommodations for families, children and groups to participate in retreats and activities in Elk Rapids, Michigan. 2. Activities in Detroit included educational movie nights, activities around major events such as the Detroit Thanksgiving Day Parade; museum tours, visits to parks and playgrounds.

$2Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChalfonte Foundation
EINHdr · item D38-3568149
Principal addressHdr · item CElk Rapids, MI
WebsiteHdr · item Jwww.chalfonte.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P40)
Ruling yearIRS BMFApr 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice President
$14,585Pt VII · Sec A
CEO/President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Independent Director
$0Pt VII · Sec A

Bri Hayes’s $15K as Vice President is at the 7th percentile of top reported officer pay among 2165 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Bri Hayes$14,585$19,525$9,100
Aaron Timlin$6,167

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$157K · 62%
Contributions & grants$79K · 31%
Investment income$17K · 7%
Program service revenue62%$157K
Contributions & grants31%$79K
Investment income7%$17K
Other revenue$1K
— government grantsLn 1e$23K
Total revenueLn 12$254K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.09 Fundraising $0.03
Program services88%$201K
Management & general9%$20K
Fundraising3%$6K
Total functional expensesLn 25$227K

Balance Sheet

Part X · end of year
CashLn 1$305K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$320K
Total net assetsLn 32$913K
Months of cash on handcomputed16.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $307K · Operating expenses/yr $227K
16.3 months
Where the money goes
Program services
Program services $201K · Total expenses $227K
88%
Management & General
Management & general $20K · Total expenses $227K
9%
Fundraising
Fundraising $6K · Total expenses $227K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $165K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $79K · Total revenue $254K
31%
Government reliance
Government grants $23K · Total revenue $254K
9%
Earned-income share
Program service revenue $157K · Total revenue $254K
62%
Investment reliance
Investment income $17K · Total revenue $254K
+7%
Program self-sufficiency
Program service revenue $157K · Total expenses $227K
69%
Growth & trend
Revenue growth (YoY)
This year $254K · Prior year $376K
-32%
Revenue CAGR
FY2020 $58K · FY2024 $254K
+45%
Net-asset trend (YoY)
End of year $913K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $254K · Expenses $227K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $913K · Total assets $1.2M
74%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.2M
0.2%
People & payroll
Highest Reported Total Compensation
Individual Bri Hayes · Reported title Vice President · Highest reported compensation $15K · Total expenses $227K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $47K · Total expenses $227K
21%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 9%
Fundraising cost ratio 8%
Revenue growth -32%
Investment management fee ratio 0%
Legal fee ratio 0.8%
Accounting fee ratio 0.2%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$4K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$254K revenue · viewing · ⤓ 990 PDF
FY2023$376K revenue · ⤓ 990 PDF
FY2022$195K revenue · ⤓ 990 PDF
FY2021$139K revenue · ⤓ 990 PDF
FY2020$58K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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