Cha Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 541238039 ✦ Chesapeake, VA ✦ Designated as a 501(c)(3)

Overview

What is Cha Foundation?

The Cha Foundation is a nonprofit organization dedicated to distributing excess funds and resources towards enhancing healthcare services. Based on the provided information, this foundation supports and expands healthcare activities of Chesapeake Hospital Authority and its tax-exempt subsidiaries. The foundation's operations include allocating operating surpluses, investment income, and other resources to these organizations to further their health care objectives.


Official website here: www.chesapeakeregional.com

Is Cha Foundation legitimate?

Cha Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cha Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.chesapeakeregional.com

What is the mission statement of Cha Foundation?

The Cha Foundation redistributes excess funds, investment earnings, and other resources towards bolstering the healthcare operations of Chesapeake Hospital Authority and its tax-exempt affiliates. Its primary objective is to bolster and expand healthcare services currently being provided by these organizations. The Foundation plays a crucial role in reinvesting surplus funds to enhance the scope of healthcare initiatives.


Official website here: www.chesapeakeregional.com

Who is the CEO of Cha Foundation?

Reese Jackson is the Ceo & President of Cha Foundation. The CEO's salary of Cha Foundation is $0 and their total compensation is $828,906.


Official website here: www.chesapeakeregional.com

What is the revenue of Cha Foundation?

Cha Foundation's revenue in 2022 was $30,880,079.


Official website here: www.chesapeakeregional.com

Who are the executives of Cha Foundation and what are their salaries?

Here are 6 key members and their salaries (Cha Foundation's CEO's salary is $0 and their total compensation is $828,906):

    Reese Jackson (Ceo & President)
  • Compensation: $0
  • Related: $780,106
  • Other: $48,800

    • Steve Mcdonnell (Cfo)
  • Compensation: $0
  • Related: $460,096
  • Other: $48,800

    • Kristi A Wooten Esq (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Schnarrs Md (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Baxter Ennis (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Angela Ferebee Md (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.chesapeakeregional.com

    Where can I find the form 990 for Cha Foundation?

    The Cha Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.chesapeakeregional.com

    Learn more at the official website: www.chesapeakeregional.com

    Mission Statement of Cha Foundation

    Cha Foundation, a charitable organization, channelizes its operating surpluses, investment income, and other resources towards supporting and expanding healthcare initiatives carried out by Chesapeake Hospital Authority and its tax-exempt subsidiaries. The Foundation's primary objective is to bolster the healthcare services currently in operation by these entities. By allocating its resources effectively, Cha Foundation contributes significantly to the growth and improvement of the healthcare sector under its purview.

    Established with a vision to make a difference, Cha Foundation goes beyond merely managing its excess funds. It recognizes the potential in the existing healthcare infrastructure and invests in its development. Through its strategic allocation of resources, the Foundation ensures that the healthcare services provided by its partner organizations continue to thrive and evolve, ultimately benefiting a larger community.

    The mission of Cha Foundation can be described as an ongoing commitment to bolstering the healthcare sector. By supporting and expanding healthcare activities, it aims to enhance the quality of care and accessibility to essential services. The organization's dedication to this cause is reflected in its proactive approach towards resource management and its unwavering focus on the betterment of healthcare services.

    Impact

    This information is meant to be a general summary of Cha Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Cha Foundation's impact is focused on supporting and expanding healthcare activities carried out by Chesapeake Hospital Authority and its tax-exempt subsidiaries. This allocation of operating surpluses, investment income, and other resources contributes to the advancement of healthcare services in the community. Through its philanthropic efforts, Cha Foundation plays a crucial role in enhancing the quality of healthcare available to individuals in Chesapeake, Virginia.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $30,880,079
  • Program Service Revenue: $0
  • Gross Receipts: $162,445,051

    • Assets and Liabilities:
  • Total Assets: $208,960,905
  • Total Liabilities: $24,901,357
  • Net Assets: $184,059,548
  • Organization Details

    Founding Year

    1976

    Principal Officer

    Reese Jackson

    Main Address

    736 Battlefield Blvd North, Chesapeake, VA, 23320

    NTEE Category

    Code: T30 - Philanthropy

    If you are a representative of Cha Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.