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Nonprofiteer
← CHESTNUT RESOLUTIONS INC NFP

Form 990 for tax year 2024

Filed by CHESTNUT RESOLUTIONS INC NFP.

Totals

Total revenue
$93,568
Total expenses
$129,435
Contributions and grants received
$61,027
Grants paid
$0
Program service revenue
$32,083
Investment income
$458
Other revenue
$0
Total assets, end of year
$595,163
Total liabilities, end of year
$1,329,016
Net assets or fund balances, end of year
-$733,853
Program services expenses (Part IX)
$105,076
Management and general expenses
$24,359
Fundraising expenses
$0
Program service expenses (Part III)
$105,076

Program services were 81.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DAVID SHARAR

    BOARD CHAIR

    Total calculated
    $757,361
    From this org
    $0
    From related orgs
    $701,817
    Other
    $55,544
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $349,785 related
    Bonus
    $0
    Other
    $0 + $352,032 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $40,294 related
    Filer's total
    $0 + $757,361 related

  • PUNEET LEEKHA

    TREASURER

    Total calculated
    $482,163
    From this org
    $0
    From related orgs
    $378,848
    Other
    $103,315
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $335,511 related
    Bonus
    $0
    Other
    $0 + $43,337 related
    Deferred
    $0 + $46,036 related
    Nontaxable benefits
    $0 + $57,279 related
    Filer's total
    $0 + $482,163 related

  • ORVILLE MERCER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARY ANN WEBB

    MEMBER

    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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4B
457(F) PLAN PAYMENTS: PUNEET LEEKHA - $35,000 EMPLOYER CONTRITION; $36,349 DISTRIBUTION DAVID SHARAR - $345,402 DISTRIBUTION

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
2024
Filed
5 May 2026
IRS schema version
2024v5.5
Source object
202611359349302506

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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