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Nonprofiteer
← HAMPTON ROADS CHAMBER FOUNDATION

Form 990 for tax year 2023

Filed by HAMPTON ROADS CHAMBER FOUNDATION.

Totals

Total revenue
$24,388
Total expenses
$28,787
Contributions and grants received
$24,234
Grants paid
$0
Program service revenue
$0
Investment income
$154
Other revenue
$0
Total assets, end of year
$195,686
Total liabilities, end of year
$62,645
Net assets or fund balances, end of year
$133,041
Program services expenses (Part IX)
$24,234
Management and general expenses
$4,553
Fundraising expenses
$0
Program service expenses (Part III)
$24,234

Program services were 84.2% 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.

  • 1f · All other contributions, gifts and grants

    $24,234

  • 3 · Investment income

    total $154 · excluded $154

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $4,467 · management and general $4,467

  • 13 · Office expenses

    total $61 · management and general $61

  • 24a · Other expenses: HRSSA EXPENSES

    total $24,234 · program services $24,234

  • 24b · Other expenses: TAXES

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $61,552 · end of year $92,764

  • 2 · Savings and temporary cash investments

    beginning of year $102,768 · end of year $102,922

  • 19 · Deferred revenue

    beginning of year $26,880 · end of year $62,645

  • 27 · Net assets without donor restrictions

    beginning of year $123,790 · end of year $119,391

  • 28 · Net assets with donor restrictions

    beginning of year $13,650 · end of year $13,650

Mission and programs · 2023

Mission

THE MISSION OF THE ORGANIZATION IS TO SOLICIT, RECEIVE, MANAGE AND DISTRIBUTE ASSETS AND FUNDS TO FURTHER THE WELFARE AND DEVELOPMENT OF THE HAMPTON ROADS VIRGINIA COMMUNITIES THROUGH PROGRAMS AND ACTIVITIES WHICH ARE EXCHLUSIVELY CHARITABLE, SCIENTIFIC AND EDUCATIONAL IN PURPOSE, INCLUDING THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS WHICH QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE IRS CODE.

  • HAMPTON ROADS SHARED SERVICES NETWORK PROVIDES COOPERATIVE RESOURCES THAT STRENGTHEN THE BUSINESS MODEL AND ENHANCE THE OVERALL QUALITY OF EARLY CARE EDUCATION PROGRAMS IN HAMPTON ROADS, VIRGINIA.

    Expenses $24,234

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bryan K Stephens

    PRESIDENT

    Total calculated
    $427,331
    From this org
    $0
    From related orgs
    $405,400
    Other
    $21,931
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $325,000 related
    Bonus
    not reported + $75,000 related
    Other
    not reported + $5,400 related
    Deferred
    not reported + $19,824 related
    Nontaxable benefits
    not reported + $2,107 related
    Filer's total
    not reported + $427,331 related

  • Sylvia M Haines

    SECRETARY

    Total calculated
    $167,295
    From this org
    $0
    From related orgs
    $150,000
    Other
    $17,295
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $125,000 related
    Bonus
    not reported + $25,000 related
    Other
    not reported
    Deferred
    not reported + $9,124 related
    Nontaxable benefits
    not reported + $8,171 related
    Filer's total
    not reported + $167,295 related

  • Jim Bibbs

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dawn Glynn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert Pizzini

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.0
Source object
202413139349301976

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