Nonprofit · EIN 45-4071729
CHINCOTEAGUE ISLAND ARTS ORGANIZATION INC
Also known as Fred Scholer Fred Scholer
Tax-exempt · CHINCOTEAGUE, VA 23336
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $88,946 | $117,769 | -$28,823 | $698,708 | $2,596 | $696,112 |
| December 31, 2023 | 990 | $109,483 | $118,045 | -$8,562 | $730,121 | $5,186 | $724,935 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $31,330
- Program service revenue
- $49,103
- Investment income
- $12,460
- Net rental income
- -$3,947
- Other revenue
- -$3,947
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $32,415
- Salaries, compensation and benefits (total)
- $34,992
- Professional fundraising fees
- $0
- Accounting fees
- $2,251
- Depreciation
- $18,314
- Program services (functional)
- $107,098
- Management and general (functional)
- $10,671
Balance sheet and other
- Total assets, start of year
- $730,121
- Total assets, end of year
- $698,708
- Total liabilities, end of year
- $2,596
- Net assets, end of year
- $696,112
- Land, buildings and equipment
- $546,361
- Net assets without donor restrictions
- $555,587
- Net assets with donor restrictions
- $140,525
- Gross receipts
- $105,740
- Employees
- 3
- Volunteers
- 20
- Year formed
- 2011
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEANNE KNIGHT | CHAIRMAN Trustee or director | 5 | $0 |
| VIVIAN CAVALIERI | DIRECTOR Trustee or director | 5 | $0 |
| MARGARET NICHOLS | DIRECTOR Trustee or director | 5 | $0 |
| JUDY TYE | DIRECTOR Trustee or director | 5 | $0 |
| WARREN PEAKE | TREASURER Trustee or director, Officer | 20 | $0 |
| ANTHONY FOSTER | SECRETARY Trustee or director, Officer | 5 | $0 |
| DAVID LANDSBERGER | CHAIRMAN Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARGARET NICHOLS | DIRECTOR Trustee or director | 5 | $0 |
| JUDY TYE | DIRECTOR Trustee or director | 5 | $0 |
| ANTHONY FOSTER | SECRETARY Trustee or director | 5 | $0 |
| JEANNE KNIGHT | VICE CHAIRMAN Trustee or director | 5 | $0 |
| VIVIAN CAVALIERI | DIRECTOR Trustee or director | 5 | $0 |
| JANE PEAKE | CHAIRMAN TREASURER Officer | 20 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1217, CHINCOTEAGUE, VA 23336-9217
- In care of
- % WARREN PEAKE
- Mailing address (990-N for 2011)
- PO BOX 1217, Chincoteague VA 23336
- Principal officer (990-N for 2011)
- Fred Scholer, PO Box 1206, Chincoteague VA 23336
- Signed the 990
- WARREN PEAKE, TREASURER
- Phone
- (757) 702-2170
- Return prepared by
- Island Tax and Accounting LLC
Mission
TO ESTABLISH A CULTURAL ARTS CENTER ON CHINCOTEAGUE ISLAND, VA TO SHARE FILM, PERFORMING ARTS, EDUCATION PROGRAMS, AND OTHER ENTERTAINMENT WITH OUR COMMUNITY AND VISTORS.
Program accomplishments
- TO ESTABLISH A CULTURAL ARTS CENTER ON CHINCOTEAGUE ISLAND, VA TO SHARE FILM, PERFORMING ARTS, EDUCATION PROGRAMS, AND OTHER ENTERTAINMENT WITH OUR COMMMUNITY AND VISITORS.Expenses $107,098 · revenue $61,563
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-4071729
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A65)
- Assets (IRS master file)
- $698,708
- Income (IRS master file)
- $105,740
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $88,946 | $117,769 | $698,708 | XML |
| 990 | December 2023 | $109,483 | $118,045 | $730,121 | XML |
| 990 | December 2022 | $99,862 | $134,945 | $737,679 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: Fred Scholer | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-4071729).
Questions about CHINCOTEAGUE ISLAND ARTS ORGANIZATION INC
- What is the EIN of CHINCOTEAGUE ISLAND ARTS ORGANIZATION INC?
- The employer identification number (EIN) of CHINCOTEAGUE ISLAND ARTS ORGANIZATION INC is 45-4071729.
- Is CHINCOTEAGUE ISLAND ARTS ORGANIZATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to CHINCOTEAGUE ISLAND ARTS ORGANIZATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHINCOTEAGUE ISLAND ARTS ORGANIZATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHINCOTEAGUE ISLAND ARTS ORGANIZATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHINCOTEAGUE ISLAND ARTS ORGANIZATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CHINCOTEAGUE ISLAND ARTS ORGANIZATION INC?
- The 990-N for 2011 names Fred Scholer.
- Who are the officers and directors of CHINCOTEAGUE ISLAND ARTS ORGANIZATION INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does CHINCOTEAGUE ISLAND ARTS ORGANIZATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $88,946, expenses of $117,769 and total assets of $698,708 at year end.
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- CHINCOTEAGUE CULTURAL ALLIANCE INC EIN 81-0671632 · last filed 990 for 2025
- ISLAND COMMUNITY HOUSE INC EIN 83-3296419 · last filed 990 for 2024
- CHINCOTEAGUE DECOY CARVERS &ARTISTS ASSOCIATION EIN 20-5159887 · last filed 990-N for 2023
- CHINCOTEAGUE VOLUNTEER FIRE COMPANY INC EIN 06-1818189 · last filed 990 for 2025
- CHINCOTEAGUE CHAMBER OF COMMERCE INC EIN 54-6052499 · last filed 990 for 2025
- CHINCOTEAGUE NATURAL HISTORY ASSOCIATION INC EIN 54-1394855 · last filed 990 for 2025
- CHINCOTEAGUE ISLAND LIBRARY INC EIN 54-1641227 · last filed 990 for 2025
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