Nonprofit · EIN 54-1238039
CHA FOUNDATION
Tax-exempt · CHESAPEAKE, VA 23320
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $15,742,361 | $2,400 | $15,739,961 | $263,492,888 | $2,901,357 | $260,591,531 |
| June 30, 2024 | 990 | $8,216,699 | $250,364 | $7,966,335 | $234,398,915 | $2,901,357 | $231,497,558 |
| June 30, 2023 | 990 | $5,361,512 | $234,253 | $5,127,259 | $224,187,578 | $19,901,357 | $204,286,221 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $15,711,431
- Net gain from sales of assets
- $10,056,769
- Other revenue
- $30,930
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Management and general (functional)
- $2,400
Balance sheet and other
- Total assets, start of year
- $234,398,915
- Total assets, end of year
- $263,492,888
- Total liabilities, end of year
- $2,901,357
- Net assets, end of year
- $260,591,531
- Publicly traded securities
- $227,006,180
- Net assets without donor restrictions
- $259,996,891
- Net assets with donor restrictions
- $594,640
- Gross receipts
- $108,353,776
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1976
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| REESE JACKSON JD MHA FACHE | CEO & PRESIDENT Officer | 0.1 | $0 | $1,029,040 | $55,200 |
| STEVE MCDONNELL | CFO Officer | 0.1 | $0 | $570,704 | $55,200 |
| HAROLD MARIONEAUX | TREASURER Trustee or director | 2 | $0 | $14,287 | $0 |
| ANGELA FEREBEE MD | CHAIR Trustee or director | 2 | $0 | $11,000 | $0 |
| DEE GILMORE | VICE CHAIR Trustee or director | 2 | $0 | $11,000 | $0 |
| DAVID PARADISE | SECRETARY Trustee or director | 2 | $0 | $10,000 | $0 |
| JOHN MAXWELL | SECRETARY (THRU 01/25) Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| REESE JACKSON | CEO & PRESIDENT Officer | 0.1 | $0 | $916,571 | $52,800 |
| STEVE MCDONNELL | CFO Officer | 0.1 | $0 | $505,980 | $52,800 |
| ANGELA FEREBEE MD | Vice Chair Trustee or director | 2 | $0 | $12,500 | $0 |
| John Maxwell | Secretary Trustee or director | 2 | $0 | $12,500 | $0 |
| DAVE PARADISE | CHAIR Trustee or director | 2 | $0 | $11,000 | $0 |
| Roland Davis | Treasurer Trustee or director | 2 | $0 | $7,250 | $0 |
| Kristi Wooten | CHAIR (THRU 9/24) Trustee or director | 2 | $0 | $0 | $0 |
| Robert Schnarrs | VICE CHAIR (THRU 4/25) Trustee or director | 2 | $0 | $0 | $0 |
| Baxter Ennis | SECRETARY (THRU 12/31) Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| REESE JACKSON | CEO & PRESIDENT Officer | 0.1 | $0 | $810,353 | $48,800 |
| STEVE MCDONNELL | CFO Officer | 0.1 | $0 | $490,578 | $48,800 |
| ROBERT SCHNARRS MD | Vice Chair Trustee or director | 2 | $0 | $3,000 | $0 |
| KRISTI A WOOTEN ESQ | CHAIR Trustee or director | 2 | $0 | $2,750 | $0 |
| ANGELA FEREBEE MD | TREASURER Trustee or director | 2 | $0 | $2,750 | $0 |
| BAXTER ENNIS | SECRETARY Trustee or director | 2 | $0 | $2,500 | $0 |
Address and contacts
- Address (IRS master file)
- 736 BATTLEFIELD BLVD N, CHESAPEAKE, VA 23320-4941
- In care of
- % STEPHEN MCDONNELL
- Principal officer (990 for 2024)
- REESE JACKSON, 736 BATTLEFIELD BLVD NORTH, CHESAPEAKE, VA 23320
- Signed the 990
- REESE JACKSON, CEO & PRESIDENT
- Phone
- (757) 312-8121
- Website
- WWW.CHESAPEAKEREGIONAL.COM
- Return prepared by
- BDO USA
Mission
CHA FOUNDATION ALLOCATES OPERATING SURPLUSES, INVESTMENT INCOME, AND OTHER RESOURCES AMONG CHESAPEAKE HOSPITAL AUTHORITY AND ITS TAX-EXEMPT SUBSIDIARIES FOR THE PURPOSE OF SUPPORTING AND EXPANDING HEALTH CARE.
Program accomplishments
- N/A
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1238039
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1984
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $263,492,888
- Income (IRS master file)
- $108,353,776
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $15,742,361 | $2,400 | $263,492,888 | IRS |
| 990 | June 2024 | $8,216,699 | $250,364 | $234,398,915 | IRS |
| 990 | June 2023 | $5,361,512 | $234,253 | $224,187,578 | XML |
| 990 | June 2022 | $30,880,079 | $399,581 | $208,960,905 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 54-1238039).
Questions about CHA FOUNDATION
- What is the EIN of CHA FOUNDATION?
- The employer identification number (EIN) of CHA FOUNDATION is 54-1238039.
- Is CHA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to CHA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does CHA FOUNDATION 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 CHA FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CHA FOUNDATION?
- The 990 for the year ended June 30, 2025 names REESE JACKSON.
- Who are the officers and directors of CHA FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does CHA FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $15,742,361, expenses of $2,400 and total assets of $263,492,888 at year end.
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