Form 990 for tax year 2023
Filed by CHESAPEAKE BAY WINE CLASSIC FOUNDATION.
Totals
- Total revenue
- $2,233,552
- Total expenses
- $1,467,302
- Contributions and grants received
- $1,240,689
- Grants paid
- $1,306,960
- Program service revenue
- $0
- Investment income
- $7,150
- Other revenue
- $985,713
- Total assets, end of year
- $1,170,284
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,170,284
- Program services expenses (Part IX)
- $1,306,960
- Management and general expenses
- $160,342
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,306,960
Program services were 89.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$1,240,689
-
3 · Investment income
total $7,150 · excluded $7,150
-
8a · Fundraising events: gross income
$2,176,703
-
8a · Fundraising events: contributions included on line 1c
$1,240,689
-
8b · Fundraising events: direct expenses
$1,190,990
-
8c · Net income from fundraising events
total $985,713 · excluded $985,713
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,306,960 · program services $1,306,960
-
11a · Fees: management
total $127,000 · management and general $127,000
-
11g · Fees: other
total $325 · management and general $325
-
17 · Travel
total $2,399 · management and general $2,399
-
23 · Insurance
total $16,958 · management and general $16,958
-
24a · Other expenses: MEETING COSTS
total $5,157 · management and general $5,157
-
24b · Other expenses: TELEPHONE & UTILITIES
total $3,467 · management and general $3,467
-
24c · Other expenses: OFFICE EXPENSES
total $3,273 · management and general $3,273
-
24d · Other expenses: SUPPLIES
total $1,212 · management and general $1,212
-
24e · All other expenses
total $551 · management and general $551
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $404,034 · end of year $263,134
-
12 · Investments: other securities
end of year $907,150
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $404,034 · end of year $1,170,284
Mission and programs · 2023
Mission
TO PROVIDE FUNDS TO ORGANIZATIONS DEDICATED TO THE SUPPORT AND ADVANCED EDUCATION OF OUR YOUTH;TO PROMOTE VITICULTURE AND OENOLOGY IN HAMPTON ROADS; TO PROMOTE MEDICAL RESEARCH.
-
DONATIONS TO OTHER CHARITABLE EXEMPT ORGANIZATIONS PRIMARILY FOCUSED ON PROVIDING ADVANCED EDUCATION FOR THE YOUTH OF HAMPTON ROADS.
Expenses $1,306,960 · Grants $1,306,960
As filed on the 2023 return.
Listed in Part VII
-
STEVE BURKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JENNIE CAPPS
SECRETARY
- Total calculated
- $0
- Hours/week
- 40
-
MARK NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
LINDA CHURCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
TAYLOR FRANKLIN
CHAIRMAN, PRESIDENT
- Total calculated
- $0
- Hours/week
- 8
-
DAVID JESTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
DENNIS ELMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
TOM RICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
CYNTHIA RICKMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
RODNEY DUCKWORTH
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
LISA EURE
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
LAURA MORRISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
ALEX MITCHUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
DAG ZAPATERO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$276,260
SUPPORT
-
HAMPTON ROADS COMMUNITY FOUNDATION
$250,000
CHESAPEAKE BAY WINE CLASSIC ENDOWMENT
-
GENERAL FUND
-
$83,300
GENERAL FUND
-
EASTERN VIRGINIA MEDICAL SCHOOL
$82,000
SUPPORT
-
UNC - ADAMS SCHOOL OF DENTISTRY
$36,000
GENERAL FUND
-
GENERAL FUND
-
$27,500
GENERAL FUND
-
$22,500
GENERAL FUND
-
$20,000
GENERAL FUND
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541349349306114
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