Nonprofit · EIN 54-1770697
CHASE FOUNDATION OF VIRGINIA
Also known as CHASE DERWOOD S JR ET AL TTEE
Tax-exempt · CHARLOTTESVLE, VA 22903
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $2,414,891 | $851,063 | $1,563,828 | $16,885,236 | $0 | $16,885,236 |
| December 31, 2023 | 990-PF | $1,016,988 | $910,171 | $106,817 | $15,302,057 | $0 | $15,302,057 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,000,000
- Dividends
- $414,263
- Interest
- $15,442
- Net gain from sales of assets
- $686,970
- Other income
- $298,216
Expenses
- Grants and similar amounts paid
- $721,080
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $737,563
- Excise tax on investment income
- $14,533
Balance sheet and other
- Total assets, start of year
- $15,302,057
- Total assets, end of year
- $16,885,236
- Total liabilities, end of year
- $0
- Net assets, end of year
- $16,885,236
- Fair market value of assets
- $19,055,687
- Qualifying distributions
- $737,563
- Net investment income
- $1,159,033
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alejandro A Chafuen PhD PO Box 9925, McLean, VA 22102 | Chairman and Trustee | 2.5 | $0 |
| Derwood S Chase Jr 400 Wellington Drive, Charlottesville, VA 22903 | President and Trustee | 2.5 | $0 |
| Stuart F Chase 645 Plantation Court, Charlottesville, VA 22903 | Vice-President, Treasurer and Trustee | 0.21 | $0 |
| Johanna B Chase 400 Wellington Drive, Charlottesville, VA 22903 | Secretary and Trustee | 0.21 | $0 |
| John C Goodman 6335 West NW Highway, Dallas, TX 75225 | Trustee | 0.21 | $0 |
| Gordon M Marchand 1275 Little Harbour Ln, Vero Beach, FL 32963 | Trustee | 0.21 | $0 |
| Stephen J Moore 9008 Belmart Rd, Potomac, MD 20854 | Trustee | 0.21 | $0 |
| David A Brat 1910 Parkland Drive, Lynchburg, VA 24503 | Trustee | 0.21 | $0 |
| Allison K Chase 1701 6th Ave N 5, Nashville, TN 37208 | Trustee | 0.21 | $0 |
| Craig T Redinger 250 W Main St Suite 201, Charlottesville, VA 22902 | Trustee | 0.21 | $0 |
| Carl O Helstrom 33003 Shadeland Ave, Millsboro, DE 19966 | Trustee | 0.21 | $0 |
| Gary M Greene 646 Flordon Dr, Charlottesville, VA 22903 | Trustee | 0.21 | $0 |
| D Sumner Chase III 7050 W PALMETTO PARK RD 15-141, BOCA RATON, FL 33433 | Trustee | 0.21 | $0 |
990-PF for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alejandro A Chafuen PhD PO Box 9925, McLean, VA 22102 | Chairman and Trustee | 2.5 | $0 |
| Derwood S Chase Jr 400 Wellington Drive, Charlottesville, VA 22903 | President and Trustee | 2.5 | $0 |
| Stuart F Chase 645 Plantation Court, Charlottesville, VA 22903 | Vice-President, Treasurer and Trustee | 0.21 | $0 |
| Johanna B Chase 400 Wellington Drive, Charlottesville, VA 22903 | Secretary and Trustee | 0.21 | $0 |
| John C Goodman 6335 West NW Highway, Dallas, TX 75225 | Trustee | 0.21 | $0 |
| Gordon M Marchand 1275 Little Harbour Ln, Vero Beach, FL 32963 | Trustee | 0.21 | $0 |
| Stephen J Moore 9008 Belmart Rd, Potomac, MD 20854 | Trustee | 0.21 | $0 |
| David A Brat 1910 Parkland Drive, Lynchburg, VA 24503 | Trustee | 0.21 | $0 |
| Allison K Chase 1701 6th Ave N 5, Nashville, TN 37208 | Trustee | 0.21 | $0 |
| Craig T Redinger 250 W Main St Suite 201, Charlottesville, VA 22902 | Trustee | 0.21 | $0 |
| Edwin T Burton III 155 Haden Rd, Weems, VA 22576 | Trustee | 0.21 | $0 |
| Carl O Helstrom 33003 Shadeland Ave, Millsboro, DE 19966 | Trustee | 0.21 | $0 |
| Gary M Greene 646 Flordon Dr, Charlottesville, VA 22903 | Trustee | 0.21 | $0 |
Address and contacts
- Address (IRS master file)
- 350 OLD IVY WAY STE 100, CHARLOTTESVLE, VA 22903-4897
- Signed the 990-PF
- Derwood S Chase Jr, President
- Phone
- (434) 293-9104
- Return prepared by
- Brown Edwards & Company LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 54-1770697
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $16,885,236
- Income (IRS master file)
- $16,021,713
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $2,414,891 | $851,063 | $16,885,236 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $1,016,988 | $910,171 | $15,302,057 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 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 54-1770697).
Questions about CHASE FOUNDATION OF VIRGINIA
- What is the EIN of CHASE FOUNDATION OF VIRGINIA?
- The employer identification number (EIN) of CHASE FOUNDATION OF VIRGINIA is 54-1770697.
- Is CHASE FOUNDATION OF VIRGINIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to CHASE FOUNDATION OF VIRGINIA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CHASE FOUNDATION OF VIRGINIA file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CHASE FOUNDATION OF VIRGINIA 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 CHASE FOUNDATION OF VIRGINIA last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of CHASE FOUNDATION OF VIRGINIA?
- The 990-PF for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does CHASE FOUNDATION OF VIRGINIA have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,414,891, expenses of $851,063 and total assets of $16,885,236 at year end.
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All nonprofits in CHARLOTTESVLE · Virginia · Philanthropy, voluntarism and grantmaking foundations