Chiselers INC EIN 59-6200154

Chiselers INC FY2023 filing

EIN  59-6200154 Supporting organization Tampa, FL
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Restores the historic Tampa Bay Hotel and supports university scholarships and library.
Leadership
Beth Garcia · President
Money in and out
$406K revenue, $27K expenses
Bottom line
+93% net inflow

Restores the historic Tampa Bay Hotel and supports university scholarships and library. For fiscal year 2023 it reported $406K in revenue, $27K in expenses, and $1.6M in net assets.Pt I

Money in and out · FY2023
Total revenue
$406K
Pt VIII · Ln 12
Total expenses
$27K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $378K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.24
Net inflow
+93%
revenue over expenses, this year
Pass-through gifts
95%
of revenue from contributions
Program spending
76%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$406K
FY2023▲ +28%
Expenses
$27K
FY2023▼ -56%
Total assets
$1.6M
FY2023▲ +33%
Total liabilities
$30K
FY2023▲ +109%
Total revenue
$406K
Pt VIII · Ln 12
Total expenses
$27K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$378K
Total assetsPt X · Ln 16$1.6M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 322
Independent voting membersPt I · Ln 422
Mission & Programs · Part III

Where the work happens

1 program service account for $21K of program spending, described in the organization's own filed words · FY2022.
01

To restore and maintain the 1891 tampa bay hotel, the focal building of the university of tampa.

$21Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChiselers INC
EINHdr · item D59-6200154
Principal addressHdr · item CTampa, FL
WebsiteHdr · item Jwww.thechiselersinc.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFSep 1969

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a22
Independent voting membersPt VI · Ln 1b22
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
1st VP Membership
$0Pt VII · Sec A
2nd VP Restoration
$0Pt VII · Sec A
3rd VP Market
$0Pt VII · Sec A
4th VP Preview Party
$0Pt VII · Sec A
Treasurer/Finance Chair
$0Pt VII · Sec A
Assistant Treasurer
$0Pt VII · Sec A
Recording Secretary
$0Pt VII · Sec A
See Chiselers INC executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$386K · 95%
Investment income$26K · 6%
Contributions & grants95%$386K
Investment income6%$26K
Total revenueLn 12$406K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.24
Program services76%$21K
Management & general24%$7K
Total functional expensesLn 25$27K

Balance Sheet

Part X · end of year
CashLn 1$171K
Total assetsLn 16$1.6M
Total liabilitiesLn 26$30K
Total net assetsLn 32$1.6M
Months of cash on handcomputed75.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.6M · Operating expenses (Pt IX) $27K · Less non-cash grants $227K · Cash operating expenses/yr $-200K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $21K · Total expenses $27K
76%
Management & General
Management & general $7K · Total expenses $27K
24%
Fundraising
Fundraising $0 · Total expenses $27K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $103 · Solicited contributions (3-yr avg) $308K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $386K · Total revenue $406K
95%
Government reliance
Government grants — · Total revenue $406K
Earned-income share
Program service revenue $0 · Total revenue $406K
0%
Investment reliance
Investment income $26K · Total revenue $406K
+6%
Program self-sufficiency
Program service revenue $0 · Total expenses $27K
0%
Growth & trend
Revenue growth (YoY)
This year $406K · Prior year $317K
+28%
Net-asset trend (YoY)
End of year $1.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $406K · Expenses $27K
+93%
Liabilities-to-Assets
Total liabilities — · Total assets $1.6M
Net-asset ratio
Net assets $1.6M · Total assets $1.6M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.6M
88%
People & payroll
Highest Reported Total Compensation
Individual Beth Garcia · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $27K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $27K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 24%
Fundraising cost ratio 0%
Revenue growth 28%
Accounting fee ratio 13%

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 · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 5 grants · $1.3M · 2020–2024
University of TampaFL · FY2024$476,459
University of TampaFL · FY2024$15,000
University of TampaFL · FY2023$240,000
University of TampaFL · FY2021$24,125
University of TampaFL · FY2020$515,924

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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
FY2025 (Latest)$524K revenue · ⤓ 990 PDF
FY2024$491K revenue · ⤓ 990 PDF
FY2023$406K revenue · viewing · ⤓ 990 PDF
FY2022$317K revenue · ⤓ 990 PDF
FY2021$497K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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