Nonprofit · EIN 83-0356333
CHESAPEAKE LIGHTHOUSE FOUNDATION INC
Tax-exempt · LAUREL, MD 20707
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $65,275,806 | $61,683,008 | $3,592,798 | $131,565,365 | $99,539,195 | $32,026,170 |
| June 30, 2024 | 990 | $67,569,282 | $58,613,030 | $8,956,252 | $123,251,178 | $94,254,646 | $28,996,532 |
| June 30, 2023 | 990 | $58,554,386 | $49,066,135 | $9,488,251 | $104,993,642 | $77,855,506 | $27,138,136 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $845,039
- of which government grants
- $645,166
- Program service revenue
- $63,939,183
- Investment income
- $460,333
- Net gain from sales of assets
- -$1,567
- Other revenue
- $31,251
Expenses
- Grants and similar amounts paid
- $18,583
- Compensation of officers, directors and key employees
- $636,916
- Other salaries and wages
- $31,497,943
- Salaries, compensation and benefits (total)
- $39,661,599
- Professional fundraising fees
- $0
- Legal fees
- $79,470
- Accounting fees
- $51,683
- Occupancy
- $5,028,136
- Travel
- $5,886
- Depreciation
- $4,737,739
- Program services (functional)
- $48,769,709
- Management and general (functional)
- $12,913,299
Balance sheet and other
- Total assets, start of year
- $123,251,178
- Total assets, end of year
- $131,565,365
- Total liabilities, end of year
- $99,539,195
- Net assets, end of year
- $32,026,170
- Land, buildings and equipment
- $79,290,235
- Net assets without donor restrictions
- $32,026,170
- Gross receipts
- $65,277,373
- Employees
- 172
- Volunteers
- 15
- Year formed
- 2003
- State of legal domicile
- MD
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 | Other / benefits |
|---|---|---|---|---|
| ZAYN AK | CEO Officer | 40 | $202,682 | $37,382 |
| BEVERLY DONOVAN EDUCATION | STRATEGY & COMMUNICATIONS Highest-paid employee | 40 | $152,932 | $39,731 |
| ERKAN DERIN | DIRECTOR OF OPERATIONS Key employee | 40 | $151,558 | $40,328 |
| TEKIN TUNCER | DIRECTOR OF ACCOUNTABILITY Highest-paid employee | 40 | $149,927 | $40,219 |
| VEDAT DOGAN | CFO Officer | 40 | $147,311 | $39,894 |
| AYDOGAN KARABULUT | DIRECTOR OF IT Highest-paid employee | 40 | $143,995 | $39,806 |
| TAYYAR MOLLAALIOGLU | IT INFRASTRUCTURE MANAGER Highest-paid employee | 40 | $116,916 | $37,765 |
| ASHISH VADALIA | STEM AND OUTREACH MANAGER Highest-paid employee | 40 | $120,357 | $27,734 |
| DR MUSA SUBASI | BOARD PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| DR MUSTAFA SEFIK | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| FRANCIS HAWKINS | SECRETARY UNTIL AUG. 2024 Trustee or director, Officer | 5 | $0 | $0 |
| FERHAT AVSAR | DIRECTOR Trustee or director | 5 | $0 | $0 |
| YILDIZ TEBER | DIRECTOR Trustee or director | 5 | $0 | $0 |
| CLAUDIA CHANG | DIRECTOR Trustee or director | 5 | $0 | $0 |
| CATHYANN ANDREWS | DIRECTOR Trustee or director | 5 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LUTFI ON | DIRECTOR Trustee or director | 5 | $0 |
| IBRAHIM INCI | DIRECTOR AS OF JUNE 2025 Trustee or director | 5 | $0 |
| JACQULIUNE FOSTER | DIRECTOR AS OF JUNE 2025 Trustee or director | 2 | $0 |
| VALORIE SANDERS | CSP BOARD MEMBER Trustee or director | 2 | $0 |
| DAVID KRAVATS | CSP BOARD MEMBER Trustee or director | 2 | $0 |
| SAHER KHAN | CSP BOARD MEMBER Trustee or director | 2 | $0 |
| CHRIS MCGRADY | CSP BOARD MEMBER Trustee or director | 2 | $0 |
| MARCUS PARKER | DIRECTOR UNTIL OCT. 2024 Trustee or director | 5 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ZAYN AK | CEO Officer | 40 | $192,250 | $35,451 |
| ERKAN DERIN | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $144,523 | $34,368 |
| VEDAT DOGAN | CFO Officer | 40 | $144,345 | $34,039 |
| TEKIN TUNCER | DIRECTOR OF ACCOUNTABILITY Highest-paid employee | 40 | $141,557 | $32,437 |
| AYODOGAN KARABULUT | DIRECTOR OF IT Highest-paid employee | 40 | $135,657 | $35,287 |
| BEVERLY DONOVAN EDUCATION | STRATEGY & COMMUNICATIONS MANAGER Highest-paid employee | 40 | $143,627 | $25,347 |
| GLENDA D WASHINGTON | DIRECTOR OF COMMUNICATIONS Highest-paid employee | 40 | $122,763 | $3,600 |
| DR MUSA SUBASI | BOARD PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| DR MUSTAFA SEFIK | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| FRANCIS HAWKINS | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| FERHAT AVSAR | DIRECTOR Trustee or director | 5 | $0 | $0 |
| YILDIZ TEBER | DIRECTOR Trustee or director | 5 | $0 | $0 |
| CLAUDIA CHANG | DIRECTOR Trustee or director | 5 | $0 | $0 |
| CATHYANN ANDREWS | DIRECTOR Trustee or director | 5 | $0 | $0 |
| LUTFI ON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MAJOR PETE SMITH | DIRECTOR UNTIL AUG. 2023 Trustee or director | 5 | $0 | $0 |
| DAVID KRAVETS | CSP BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| VALORIE SANDERS | CSP BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| YILMAZ AK | CSP BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SAHER KHAN | CSP BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CHRIS MCGRADY | CSP BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ZAYN AK | CEO Officer | 40 | $181,904 | $34,475 |
| ERKAN DERIN | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $134,470 | $31,306 |
| TEKIN TUNCER | DIRECTOR OF ACCOUNTABILITY Highest-paid employee | 40 | $132,076 | $32,250 |
| AYODOGAN KARABULUT | DIRECTOR OF IT Highest-paid employee | 40 | $134,128 | $28,750 |
| VEDAT DOGAN | CFO Officer | 40 | $134,366 | $21,664 |
| GLENDA D WASHINGTON | DIRECTOR OF COMMUNICATIONS Highest-paid employee | 40 | $139,806 | $0 |
| TAYYAR MOLLAALIOGLU | IT MANAGER & SYSTEMS ADMINISTRATOR Highest-paid employee | 40 | $101,687 | $1,657 |
| FERHAT AVSAR | DIRECTOR AS OF OCT. 2022 Trustee or director | 5 | $2,640 | $0 |
| DR MUSA SUBASI | BOARD PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| DR MUSTAFA SEFIK | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| FRANCIS HAWKINS | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| YILDIZ TEBER | DIRECTOR Trustee or director | 5 | $0 | $0 |
| CLAUDIA CHANG | DIRECTOR Trustee or director | 5 | $0 | $0 |
| CATHYANN ANDREWS | DIRECTOR Trustee or director | 5 | $0 | $0 |
| LUTFI ON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MAJOR PETE SMITH | DIRECTOR Trustee or director | 5 | $0 | $0 |
| DAVID KRAVETS | CSP BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| VALORIE SANDERS | CSP BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| YILMAZ AK | CSP BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SAHER KHAN | CSP BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CHRIS MCGRADY | CSP BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SPEAR LANCASTER | DIRECTOR UNTIL OCT. 2022 Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6151 CHEVY CHASE DR, LAUREL, MD 20707-2918
- In care of
- % ISMAIL HAKKI KARAMAN
- Principal officer (990 for 2024)
- YILMAZ AK, 6151 CHEVY CHASE DRIVE, LAUREL, MD 20707
- Signed the 990
- YILMAZ AK, CHIEF EXECUTIVE OFFICER
- Phone
- (301) 776-2300
- Website
- WWW.CLFMD.ORG
- Return prepared by
- JM&M
Mission
TO ATTAIN EDUCATIONAL EXCELLENCE BY PROVIDING A RIGOROUS AND TECHNOLOGY-INTEGRATED EDUCATION FOR K-12 STUDENTS WITH AN EMPHASIS ON MATHEMATICS, SCIENCE, AND INFORMATION TECHNOLOGIES.
Program accomplishments
- THE PRIMARY PURPOSE OF THE FOUNDATION IS TO OPERATE ONE OR MORE PUBLIC CHARTER SCHOOLS OR OTHER CHOICE SCHOOLS IN THE STATE OF MARYLAND IN ACCORDANCE WITH MARYLAND SENATE BILL 75 OF 2003.Expenses $48,769,709 · grants $18,583 · revenue $63,939,183
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
- 83-0356333
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $131,565,365
- Income (IRS master file)
- $65,277,373
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $65,275,806 | $61,683,008 | $131,565,365 | XML |
| 990 | June 2024 | $67,569,282 | $58,613,030 | $123,251,178 | XML |
| 990 | June 2023 | $58,554,386 | $49,066,135 | $104,993,642 | XML |
| 990 | June 2022 | $48,417,489 | $42,975,584 | $97,823,093 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 83-0356333).
Questions about CHESAPEAKE LIGHTHOUSE FOUNDATION INC
- What is the EIN of CHESAPEAKE LIGHTHOUSE FOUNDATION INC?
- The employer identification number (EIN) of CHESAPEAKE LIGHTHOUSE FOUNDATION INC is 83-0356333.
- Is CHESAPEAKE LIGHTHOUSE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to CHESAPEAKE LIGHTHOUSE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHESAPEAKE LIGHTHOUSE 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 CHESAPEAKE LIGHTHOUSE FOUNDATION INC 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 CHESAPEAKE LIGHTHOUSE FOUNDATION INC 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 CHESAPEAKE LIGHTHOUSE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names YILMAZ AK.
- Who are the officers and directors of CHESAPEAKE LIGHTHOUSE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 23 people; 8 received compensation from the organization, the highest $202,682 (ZAYN AK, CEO).
- How much revenue does CHESAPEAKE LIGHTHOUSE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $65,275,806, expenses of $61,683,008 and total assets of $131,565,365 at year end.
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