Totals
- Total revenue
- $2,719,944
- Total expenses
- $4,137,833
- Contributions and grants received
- $1,253,447
- Grants paid
- $781,510
- Program service revenue
- $2,926,857
- Investment income
- -$1,420,474
- Other revenue
- -$39,886
- Total assets, end of year
- $4,617,081
- Total liabilities, end of year
- $917,299
- Net assets or fund balances, end of year
- $3,699,782
- Program services expenses (Part IX)
- $3,377,741
- Management and general expenses
- $501,490
- Fundraising expenses
- $258,602
- Program service expenses (Part III)
- $3,377,741
Program services were 81.6% 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
$234,940
-
1f · All other contributions, gifts and grants
$1,018,507
-
1g · Noncash contributions included above
$40,085
-
2a · Program service revenue: TUITION AND FEES
total $2,926,857 · related or exempt $2,926,857
-
3 · Investment income
total $37,588 · excluded $37,588
-
7a · Gross sales of assets other than inventory
other assets $1,188,200
-
7b · Less cost or other basis and sales expenses
other assets $2,646,262
-
7c · Gain or loss
other assets -$1,458,062
-
7d · Net gain or loss
total -$1,458,062 · related or exempt -$1,458,062
-
8a · Fundraising events: gross income
$83,170
-
8a · Fundraising events: contributions included on line 1c
$234,940
-
8b · Fundraising events: direct expenses
$123,056
-
8c · Net income from fundraising events
total -$39,886 · excluded -$39,886
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $781,510 · program services $781,510
-
5 · Compensation of officers, directors and key employees
total $235,144 · program services $58,785 · management and general $117,573 · fundraising $58,786
-
7 · Other salaries and wages
total $1,884,871 · program services $1,636,965 · management and general $145,795 · fundraising $102,111
-
9 · Other employee benefits
total $132,189 · program services $111,433 · management and general $12,528 · fundraising $8,228
-
10 · Payroll taxes
total $151,444 · program services $121,520 · management and general $18,552 · fundraising $11,372
-
11b · Fees: legal
total $5,105 · program services $766 · management and general $4,339
-
11c · Fees: accounting
total $18,350 · program services $2,752 · management and general $15,598
-
11e · Fees: professional fundraising services
total $30,150 · fundraising $30,150
-
11f · Fees: investment management
total $6,784 · management and general $6,784
-
11g · Fees: other
total $50,586 · program services $27,033 · management and general $23,553
-
12 · Advertising and promotion
total $54,041 · program services $37,829 · fundraising $16,212
-
13 · Office expenses
total $100,377 · program services $75,283 · management and general $20,075 · fundraising $5,019
-
16 · Occupancy
total $101,439 · program services $77,504 · management and general $18,863 · fundraising $5,072
-
20 · Interest
total $55,069 · program services $44,056 · management and general $8,260 · fundraising $2,753
-
22 · Depreciation, depletion and amortization
total $148,700 · program services $111,525 · management and general $37,175
-
23 · Insurance
total $49,253 · program services $34,477 · management and general $12,313 · fundraising $2,463
-
24a · Other expenses: ADMINISTRATIVE EXPENSE
total $153,690 · program services $115,267 · management and general $30,738 · fundraising $7,685
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $106,801 · program services $80,101 · management and general $21,360 · fundraising $5,340
-
24c · Other expenses: EDUCATIONAL ACTIVITIES
total $31,136 · program services $31,136
-
24d · Other expenses: TELEPHONE
total $18,570 · program services $13,927 · management and general $3,714 · fundraising $929
-
24e · All other expenses
total $22,624 · program services $15,872 · management and general $4,270 · fundraising $2,482
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $453,707 · end of year $295,617
-
2 · Savings and temporary cash investments
beginning of year $1,089,473 · end of year $1,022,782
-
3 · Pledges and grants receivable
beginning of year $882,464 · end of year $426,221
-
4 · Accounts receivable
beginning of year $174,371 · end of year $280,178
-
9 · Prepaid expenses and deferred charges
beginning of year $6,414 · end of year $6,723
-
10a · Land, buildings and equipment: cost or other basis
$448,028
-
10b · Land, buildings and equipment: accumulated depreciation
$396,028
-
10c · Land, buildings and equipment, net
beginning of year $2,581,404 · end of year $52,000
-
12 · Investments: other securities
beginning of year $1,570,608 · end of year $2,059,324
-
15 · Other assets
beginning of year $883,389 · end of year $474,236
-
17 · Accounts payable and accrued expenses
beginning of year $246,900 · end of year $303,348
-
19 · Deferred revenue
beginning of year $265,805 · end of year $235,116
-
25 · Other liabilities
beginning of year $1,701,506 · end of year $378,835
-
27 · Net assets without donor restrictions
beginning of year $2,787,787 · end of year $1,328,696
-
28 · Net assets with donor restrictions
beginning of year $2,639,832 · end of year $2,371,086
Mission and programs · 2023
Mission
THE MISSION OF CHESAPEAKE BAY ACADEMY IS TO EDUCATE STUDENTS THROUGH ACADEMIC PROGRAMS INDIVIDUALIZED TO ADDRESS THEIR LEARNING DIFFERENCES, EMPOWERING THEM WITH THE SKILLS AND CONFIDENCE NECESSARY FOR SUCCESS IN HIGHER EDUCATION, CAREERS, AND LIFE.
-
EDUCATION FOR CHILDREN WITH LEARNING DIFFERENCES IN CLASSES WHICH ALLOW FOR INDIVIDUALIZED INSTRUCTION BASED ON LESSON PLANS AND TEACHING METHODS TAILORED TO INDIVIDUAL STUDENTS.
Expenses $3,377,741 · Grants $781,510 · Revenue $2,926,857
As filed on the 2023 return.
Listed in Part VII
-
Aaron J CooperAARON J COOPER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alan B RashkindALAN B RASHKIND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brian WaingerBRIAN WAINGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Captain Louis J SchagerCAPTAIN LOUIS J SCHAGER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2.5
-
David RathboneDAVID RATHBONE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Donald L Glenum IIIDONALD L GLENUM III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Bruce RubinDR BRUCE RUBIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Clifford Cutchins VDR CLIFFORD CUTCHINS V
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr David LevinDR DAVID LEVIN
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Dr JD BallDR JD BALL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Patrick D ThrasherDR PATRICK D THRASHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Peter M DozierDR PETER M DOZIER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Sarah ChagnonDR SARAH CHAGNON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr William P BrittainDR WILLIAM P BRITTAIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Howard GoodwinHOWARD GOODWIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John ParisJOHN PARIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Judy JankowskiJUDY JANKOWSKI
HEAD OF SCHOOL
- Total calculated
- $230,762
- From this org
- $214,364
- From related orgs
- $0
- Other
- $16,398
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $214,364
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $16,398
- Filer's total
- $230,762
-
Julie HashagenJULIE HASHAGEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Linda D BowersLINDA D BOWERS
TREASURER
- Total calculated
- $0
- Hours/week
- 2.5
-
Linda Miller-DunleavyLINDA MILLER-DUNLEAVY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mark AdamsMARK ADAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mary HaddadMARY HADDAD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mindy GumpertMINDY GUMPERT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Miranda SnowbergerMIRANDA SNOWBERGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Paige PerryPAIGE PERRY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Richard B ThurmondRICHARD B THURMOND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thomas Hasty IIITHOMAS HASTY III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Vickie V BlackVICKIE V BLACK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
William B BrockWILLIAM B BROCK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
The filer's explanations (Part III)
- PART I, LINE 3
- THE BOARD IS AUTHORIZED TO SET THE COMPENSATION OF THE HEAD OF SCHOOL.
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 December 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433589349300438
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