Cha Foundation FY2023 filing

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Cha Foundation allocates operating surpluses, investment income, and other resources among chesapeake hospital authority and its tax-exempt subsidiaries for the purpose of supporting and expanding health care.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $15.1M a year · 99% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Liabilities
$19.9M
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.4M
-83% vs prior year
Spent
$234K
To programs
0%
Net assets
$204.3M
By yearFY2020–FY2025
Revenue
$5.4M
FY2023▼ -83%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.9M
FY2021$22.5M
FY2022$30.9M
FY2023$5.4M
FY2024$8.2M
FY2025$15.7M
Expenses
$234K
FY2023▼ -41%
Tap a bar for its year
Expenses by fiscal year
FY2020$103K
FY2021$269K
FY2022$400K
FY2023$234K
FY2024$250K
FY2025$2K
Net assets
$204.3M
FY2023▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$166.3M
FY2021$205.6M
FY2022$184.1M
FY2023$204.3M
FY2024$231.5M
FY2025$260.6M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1984.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $234K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
CEO & President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Cha Foundation executive salaries →

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 15aYes

Programs and updates

Cha Foundation is a supporting organization based in Chesapeake, VA, formed in 1976.

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Funders

Who pays for it.

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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$5.4M
Ln 12
Investment incomeLn 3$5.4M
Money outPt IX
$234K
Ln 25
Managementcol C$234K
Owns and owesPt X
$204.3M
net assets · Ln 32
Total assetsLn 16$224.2M
LiabilitiesLn 26$19.9M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$5.4M
Gains on assetsLn 7$792K
Total revenueLn 12$5.4M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$224.1M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$99K
Total assetsLn 16$224.2M
LiabilitiesLn 26$19.9M
Net assetsLn 32$204.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$0$0
InvestmentsLn 11–13$208.9M$224.1M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$209.0M$224.2M
LiabilitiesLn 26$24.9M$19.9M
Net assetsLn 32$184.1M$204.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$2K$2K
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$232K$232K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Total functional expensesLn 25$234K$0$234K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $15.7M$2K$15.7M$260.6M 990 PDF
FY2024Filed with the IRS May 15, 2025 $8.2M$250K$8.0M$231.5M 990 PDF
FY2023 ViewingFiled with the IRS May 15, 2024 $5.4M$234K$5.1M$204.3M 990 PDF
FY2022Filed with the IRS May 15, 2023 $30.9M$400K$30.5M$184.1M 990 PDF
FY2021Filed with the IRS May 16, 2022 $22.5M$269K$22.2M$205.6M 990 PDF
FY2020Filed with the IRS Mar 11, 2021 $8.9M$103K$8.8M$166.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $5,361,512 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $30,880,079$5,370,867
I-11 Other revenuePrior year $0−$9,355
I-12 Total revenuePrior year $30,880,079$5,361,512
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $399,581$234,253
I-18 Total expensesPrior year $399,581$234,253
I-19 Revenue less expensesPrior year $30,480,498$5,127,259
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,361,512 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeExcluded from tax $4,579,035$4,579,035
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $791,832$791,832
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax −$9,355−$9,355
VIII-12 Total revenueExcluded from tax $5,361,512$5,361,512
Part IX · Statement of functional expenses $234,253 across 29 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesManagement $2,400$2,400
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $231,853$231,853
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-25 Total functional expensesPrograms $0 · Management $234,253 · Fundraising $0$234,253
Part X · Balance sheet $224,187,578 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $180,130,241$196,635,420
X-12 Other securitiesStart of year $28,722,147$27,452,995
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $108,517$99,163
X-16 Total assetsStart of year $208,960,905$224,187,578
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $24,901,357$19,901,357
X-26 Total liabilitiesStart of year $24,901,357$19,901,357
X-27 Net assets without donor restrictionsStart of year $183,464,908$203,691,581
X-28 Net assets with donor restrictionsStart of year $594,640$594,640
X-32 Total net assets or fund balancesStart of year $184,059,548$204,286,221
X-33 Total liabilities and net assetsStart of year $208,960,905$224,187,578
Part XI · Reconciliation of net assets $204,286,221 net assets at year end
XI-1 Total revenue$5,361,512
XI-2 Total expenses$234,253
XI-3 Revenue less expenses$5,127,259
XI-4 Net assets at start of year$184,059,548
XI-5 Net unrealized gains (losses) on investments$15,097,014
XI-8 Prior period adjustments$2,400
XI-10 Net assets at end of year$204,286,221

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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