Nonprofit · EIN 82-2997018
CHELSEA ACADEMY FOUNDATION INC
Tax-exempt · FRONT ROYAL, VA 22630
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2024 | 990 | $668,838 | $678,822 | -$9,984 | $6,671,158 | $5,843,403 | $827,755 |
| August 31, 2023 | 990 | $646,262 | $557,450 | $88,812 | $6,447,470 | $5,609,731 | $837,739 |
Financial details: 990 for the year ended August 31, 2024
Revenue
- Contributions, gifts and grants
- $326,026
- Program service revenue
- $0
- Investment income
- $34,561
- Net rental income
- $282,469
- Net income from fundraising events
- $23,777
- Other revenue
- $308,251
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $4,793
- Occupancy
- $3,605
- Depreciation
- $116,225
- Program services (functional)
- $654,494
- Management and general (functional)
- $21,286
- Fundraising (functional)
- $3,042
Balance sheet and other
- Total assets, start of year
- $6,447,470
- Total assets, end of year
- $6,671,158
- Total liabilities, end of year
- $5,843,403
- Net assets, end of year
- $827,755
- Land, buildings and equipment
- $5,477,494
- Net assets without donor restrictions
- $802,353
- Net assets with donor restrictions
- $25,402
- Gross receipts
- $716,537
- Employees
- 0
- Volunteers
- 250
- Year formed
- 2017
- 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 August 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JOHN DEJAK NON-VOTING | DIRECTOR Trustee or director | 2 | $0 | $132,667 |
| LUKE FIER | TREASURER Trustee or director, Officer | 1 | $0 | $80,819 |
| DANILLE WILSON | CHIEF FINANCIAL OFFICER Officer | 2 | $0 | $30,217 |
| EMILE DOAK | EXECUTIVE DIRECTOR Trustee or director, Officer | 1 | $0 | $20,891 |
| J DOUGLAS MCCARTHY | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| PALLAS LEE VAN SCHAICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BART BEASLEY | CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| JOE LYONS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| REV DANIEL GEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS LAGARDE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEACON ROBERT BENYO | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended August 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JOHN DEJAK NON-VOTING | DIRECTOR Trustee or director | 2 | $0 | $127,667 |
| PAUL LAGARDE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| J DOUGLAS MCCARTHY | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| PALLAS LEE VAN SCHAICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BART BEASLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOE LYONS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| FATHER DANIEL GEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS LAGARDE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEACON ROBERT BENYO | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1190 PROGRESS DR, FRONT ROYAL, VA 22630-6465
- In care of
- % JONATHAN BRAND
- Principal officer (990 for 2023)
- BART BEASELEY, 1190 PROGRESS DRIVE, FRONT ROYAL, VA 22630
- Signed the 990
- BART BEASELEY, CHAIRMAN
- Phone
- (540) 635-0622
- Return prepared by
- YOUNT HYDE & BARBOUR PC
Mission
OPERATES EXCLUSIVELY AS A SUPPORTING ORGANIZATION OF CHELSEA ACADEMY, INC. (FEIN 20-8995583)
Program accomplishments
- OPERATES EXCLUSIVELY AS A SUPPORTING ORGANIZATION OF CHELSEA ACADEMY, INC. (FEIN20-8995583)Expenses $654,494
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | Not on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 82-2997018
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type II
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2020
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $6,671,158
- Income (IRS master file)
- $716,537
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2024 | $668,838 | $678,822 | $6,671,158 | XML |
| 990 | August 2023 | $646,262 | $557,450 | $6,447,470 | XML |
| 990 | August 2022 | $391,028 | $257,091 | $6,624,544 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | 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 82-2997018).
Questions about CHELSEA ACADEMY FOUNDATION INC
- What is the EIN of CHELSEA ACADEMY FOUNDATION INC?
- The employer identification number (EIN) of CHELSEA ACADEMY FOUNDATION INC is 82-2997018.
- Is CHELSEA ACADEMY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to CHELSEA ACADEMY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does CHELSEA ACADEMY FOUNDATION 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 CHELSEA ACADEMY FOUNDATION INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHELSEA ACADEMY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2024.
- Who is the principal officer of CHELSEA ACADEMY FOUNDATION INC?
- The 990 for the year ended August 31, 2024 names BART BEASELEY.
- Who are the officers and directors of CHELSEA ACADEMY FOUNDATION INC?
- The 990 for the year ended August 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does CHELSEA ACADEMY FOUNDATION INC have?
- On its 990 for the year ended August 31, 2024 it reported revenue of $668,838, expenses of $678,822 and total assets of $6,671,158 at year end.
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